The spine surgery robot market is expected to grow at a compound annual growth rate of 14 percent between 2023 and 2031, according to Transparenct Market Research.
By 2031, the global market for spine surgery robots is expected to be $525.3 million, according to a July 17 news release. The value of the market is growing with factors such as increasing prevalence of spinal disorders and technological advancements. Another key factor is increased demand for minimally invasive surgeries.
North America is cited as the dominant region for the spine surgery market. Key players include Medtronic, Zimmer Biomet and Globus Medical.