Spinal Surgical Robots Market is $26 million anticipated to reach $2.77 billion by 2022.The
complete report provides a comprehensive analysis including procedure numbers,
units sold, market value, forecasts, as well as a detailed competitive market
shares and analysis of major players’ success, challenges, and strategies in
each segment and sub-segment. The reports cover markets for surgery medical
specialties and sub-specialties.
Worldwide
spinal surgical robot markets are poised to achieve significant growth with the
adaptation of robotic technology to the second most widely performed surgical
procedure, spinal surgery. Aging of the population and hospital cost reductions
through decreased length of stay are key market driving forces. Spinal surgical
robots increase spine surgery repeatability and accuracy.
Back
conditions can result in instability and compression of the spinal nerves,
causing back pain and/or radiating pain in the legs. Robotic procedures offer
significant cost savings in terms of pre- and post-operation care costs and
length of stay at hospitals.
Technological advances and breakthroughs leverage new materials and new
sensor configurations. Sophisticated software is further evolving product
implementation.
In the
United States, there are 1.34 million spinal operations performed annually,
worldwide there are 4.83 million annually. Patients have problems with
degenerative conditions and injury. 11 million people in the U.S. and 78
million people worldwide suffer from chronic back pain in 2015, indicating the
potential for more surgery if the accuracy and pain relief can be alleviated
with better surgery from robots.
Sacroiliac
(SI) joint dysfunction is responsible for up to 30 to 35 percent of lower back
pain. Surgery is performed to relieve the pain when other means do not work.
Robots improve the accuracy of procedures and reduce the complication rates in
spinal surgeries. The Mazor robots are flexible. Mazor Renaissance disposable
kits are designed to easily adapt the RBT Device to a multitude of surgical
applications and for the different mounting platforms utilized by the surgeon.
Renaissance spine accessories are offered.
Mazor Renaissance accessories include trays of reusable surgical tools.
Pre-operative
planning of the procedure is used for intra-operative control of the system.
The surgery is performed according to the pre-operative plan. Renaissance®
provides increased safety and precision in corrective surgery. It allows
surgeons to plan ahead before entering the operating room. Mazor Robotics advanced 3D planning software
is used before surgery to create the procedure with modification and
customization for each patient’s condition. During the operation, the physician
does the actual work; Renaissance® guides the surgeon’s tools according to the
predetermined blueprint to place the implants safely and with the highest level
of accuracy in the exact planned locations.
Robot-guidance
increases the accuracy and safety of surgical procedures. It allows these
procedures to be performed with less intra-operative radiation exposure to
patients and health care providers. Robot-guided spine surgery allows surgeons
to perform less invasive surgical procedures with smaller incisions, less
bleeding, faster recovery and shorter hospital stays.
Minimally
invasive surgeries to increase repeatability and accuracy through the use of
robots. Surgical robots improve the accuracy of procedures and thus reduce the
complication rates in surgeries.
Robotic
procedures offer significant cost savings in terms of pre- and post-operation
care costs and length of stay at hospitals. Technological advances and
breakthroughs leverage new materials and new sensor configurations.
Sophisticated software is further evolving product implementation.
Clinically
efficient solutions
Clinically
less complex surgery
Shorter
length of stay
Minimally
invasive surgery
Financially
lower cost
Operationally
more simple
Old people
have trouble making their joints last as long as they do. The patient stability and the relief from
pain provided by the robot surgery is compelling. The major suppliers are
looking at providing spinal robots that are based on the Mazor state of the art
devices.
Spinal
surgery has evolved dramatically over the years as advances in technology have
made it possible to improve surgical techniques. Mazor is the market leader by
far in the spinal surgical robot market, the only company with measurable
market share. Spinal surgery involves the modification of the affected area of
the back bones and nerves. The
implantation of one or more screws or components is a very delicate surgery.
The robot can achieve better precision than can a skilled surgeon. The robot is
more consistent.
Reconstructive
spinal surgery depends on precision instruments. Robots are expected to grow
significantly in surgery.
Once, the
penetration of spinal robots achieves the level of 35% of penetration in a
country, all spinal surgeons will demand that hospitals offer spinal surgical
robot capability because the outcomes are more predictable and better. The
surgeons can give better pain relief to their patients, so naturally, given a
choice of hospitals, they will pick the one that has the robot that gives superior
outcomes.
Spinal
surgical markets have been impacted by the reduction in insurance payments.
Payment reductions have forced hospitals to act as businesses. The cost of
delivering care has become as much a factor as providing quality care when
making decisions about patient improvement in condition. Cost-cutting has been
made in the supply chain. Suppliers are examined closely for quality and cost.
The number
of suppliers is sure to increase. As Mazor grows its penetration of the market,
the larger market participants in spinal surgery equipment will surely follow.
Mazor is positioned to continue to dominate the market. As the first providers
it builds a strong base of surgeons who are trained in using the equipment
these surgeons will continue to purchase updated robots as they are offered to
the market.
The new are
pressured to improve prices and efficiencies. Hospitals, physicians, and care
providers have been financially incentivized to create accountable care
organizations (ACOs). Coordinated patient care plans and value-based purchasing
were rewarded. The med device buyer shifted from physicians to the ACOs and
smart buying groups.
According to
Publisher, “Use of the robotic spinal surgery represents a key milestone in
reconstructive surgery. Robots provide an opportunity to transform orthopedics.
New materials and new designs are bringing that transformation forward. By
furthering the growth of innovation with spinal surgery robots, patients can
get better treatment. By enhancing the surgeon and patient experience is likely
that the entire market will grow rapidly.”