The global spine surgical robots market is expected to hit $2.77 billion by 2022, based on a MarketResearchReports.biz analysis, according to medGadget.
Here are five observations:
1. Market drivers include an aging population and decreasing hospital costs due to shorter length of stay.
2. Robot-guided spine surgery is intended to be less invasive, with less blood loss and faster recovery.
3. In 2015, 78 million people experienced chronic back pain worldwide, with 11 million in the United States.
4. Mazor Robotics dominates the spinal surgical robot market, with a measureable market share.
5. Accel Spine, Alliance Spine, Alphatec Spine, Apollo Spine, Ascendx Spine and Back 2 Basics Spine also lead the space.