The report of Spine Surgery Robots Market by Application (Spinal Fusion, Minimally Invasive Procedures, Scoliosis and Osteoporotic Compression Fractures, and Others), Method (Minimally Invasive Surgery, and Open Surgery), Product (Systems, and Accessories & Consumables), End User (Hospitals, and Ambulatory Surgical Centers), and Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) is expected to reach US$ XX Mn by 2026, at a CAGR of 2.52% during a forecast period.
The rapidly rising healthcare industry along with the technological advancements is primarily driving the market growth. market is anticipated to demonstration significant growth due to the factors like increasing prevalence of chronic back pain, safety, and accuracy associated with this method of surgery.
Significant cost savings by the means of pre and post-operative care and reduced length of stay at hospitals are also major factors accountable for robotic spinal surgery market growth. Highly focus on marginally invasive surgery in healthcare systems along with patient’s inclination also supports the market growth. In addition, availability of new methods are also drive market during forecast period.
The Application segment is expected to grow at the highest XX% CAGR during the forecast period.
Application dominated the market in 2018 due to the repetitive use of minimally invasive procedures. Similarly, in method segment, minimally invasive surgery is accounted for the largest xx% market share in the global spine surgery robots market. In terms of product, accessories & consumables is accounted for the largest xx% market share in the global spine surgery robots market. And in terms of end user, hospitals is accounted for the largest xx% market share in the global spine surgery robots market.
North America is expected to witness the fastest growth during the forecast period.
North America is lead the spine surgery robots market in 2018. Additionally, U.S. is projected to lead the global market throughout the estimate period, due to early accessibility of innovative medical technologies, upsurge in the acceptance of innovative products, a developed health care infrastructure, and rise in strategic acquisitions by companies to magnify their product portfolios.
Key players operating in the market are Mazor Robotics, Medtech (Zimmer-Biomet), Mako system, Intuitive Surgical Inc., da Vinci system, Stryker, Medtronic Plc., Zimmer Biomet Holdings Inc., Globus Medical Inc. and TINAVI Medical Technologies Co., Ltd.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global spine surgery robots market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain market positioning of competitors.
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