Augmented Reality in Spine Surgery Market Size is predicted to a 22.6% CAGR during the forecast period for 2024-2031.
The Augmented Reality (AR) in Spine Surgery Market is rapidly expanding and transforming. AR technology is transforming the area of spine surgery by enabling real-time guidance, visualization, and data integration throughout procedures. It increases surgical precision, improves training and teaching, and allows tailored treatment planning.
One of the primary drivers of this market is the growing desire for less invasive surgeries. AR technology enables surgeons to do difficult procedures with minimal incisions, hence lowering patient suffering and recovery time. Another fascinating aspect is the advancement of augmented reality software. Developers are continually developing new methods that improve surgical precision and allow for tailored treatment planning. Surgeons can now have a better understanding of the patient's anatomy and plan surgeries more correctly. However, there are a few hurdles to face. The expense of using AR technology can be prohibitive for some healthcare organizations. Furthermore, training healthcare workers and getting patient approval for these new technologies might take time.
Competitive Landscape
Some Major Key Players In The Augmented Reality in Spine Surgery Market:
- Augmedics,
- OnPoint Surgical,
- Taiwan Main Orthopaedic Biotechnology Co., Ltd.,
- Surgalign Holdings,
- EchoPixel,
- Philips,
- Vuzix Corporation,
Market Segmentation:
The Augmented Reality in Spine Surgery Market is segmented into spine condition, component, application and end-user. By Spine Condition, the market is segmented into Degenerative Spine Conditions and Traumatic Spine Injuries. According to Components, the market is segmented into hardware and software. By Application, the market is segmented into minimally invasive spine surgery, postoperative spine rehabilitation, preoperative planning, and educational & training purposes. By End Users, the market is divided into Hospitals, Ambulatory Surgical Centers (ASCs), and Research Institutes
Based On Components, Software Is Considered The Most Rapidly Expanding Segment.
The software segment is regarded as the fastest-growing segment in the Augmented Reality (AR) Spine Surgery Market. While hardware, such as AR headsets and devices, is required for the adoption of AR technology, software is what drives the innovation and functionality of AR applications in spine surgery. Software technologies offer real-time guiding, visualization, and data integration, which improves surgical precision and patient outcomes. Furthermore, software improvements help to improve training modules and individualized treatment plans. As technology advances, software development is critical to advancing the expansion and possibilities of augmented reality in spinal surgery.
Preoperative Planning Is A Major Market Niche For Augmented Reality (AR) In Spine Surgery.
Preoperative planning holds a major share of the augmented reality (AR) market in the spine surgery. Preoperative planning is employing AR technology to visualize and simulate surgical procedures before they are carried out. This portion is crucial because AR enables surgeons to thoroughly grasp the patient's anatomy, plan surgery more correctly, and make informed judgments. Using AR for preoperative planning allows surgeons to optimize surgical techniques, reduce risks, and enhance patient outcomes.
In The Region, The North America Augmented Reality In Spine Surgery Market Holds A Significant Revenue Share.
North America is predicted to dominate the worldwide augmented reality in the spine surgery market over the forecast period. The market for augmented reality in spine surgery in North America is expanding due to increased acceptance, investment in research and development (R&D), and favourable government initiatives. Asia Pacific is projected to experience the most rapid growth during the estimated time frame due to heightened public awareness and enhanced healthcare infrastructure in developing nations. Asia Pacific is also expected to be a promising outsourcing market for the development and Application of augmented reality technology in spine surgery.
Recent Developments:
- In February 2023, FYR Medical announced a $2.6 million Series A financing round. FYR Medical, a pioneer in spinal technology innovation, said today that it has raised $2.6 Mn in a Series-A fundraising round led by NuVasive, Inc., a premier spine technology company aiming to transform spine surgery with minimally disruptive, fully integrated solutions.
- In December 2019, Augmedics unveiled its Xvision spinal AR-guided system for spinal surgery for the first time in the United States. This method enables the surgeon to monitor the patient's 3D spinal anatomy throughout the process. The FDA cleared the Xvision system in December 2019.
Augmented Reality in Spine Surgery Market Report Scope
|
Report Attribute |
Specifications |
|
Growth Rate CAGR |
CAGR of 22.6% from 2024 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments Covered |
By Spine Condition, Component, Application And End-User |
|
Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
|
Competitive Landscape |
Augmedics, OnPoint Surgical, Taiwan Main Orthopaedic Biotechnology Co., Ltd., Surgalign Holdings, EchoPixel, Philips, and Vuzix Corporation, among others. |
|
Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Corporate
Office :
Office No.5170, 5th Floor Marvel Fuego, Magarpatta Rd, Pune, 411028
info@insightaceanalytic.com
