The global spine surgery robots market is expected to top $320 million by 2026, according to a Transparency Market Research report.
Five things to know:
1. During the forecast period, the market will expand at a 17.5 percent compound annual growth rate.
2. In 2017, the spine surgery robots market was valued at $75 million.
3. The demand for minimally invasive procedures will boost and dominate the spine surgery robots market. Increasing demand from patients for minimally invasive surgeries and highly accurate and safe procedures are the key factors driving demand in this segment.
4. North America is anticipated to lead the market because of the high demand for spine surgery robots in the U.S. However, the market will need to overcome the limited number of skilled professionals and surgeons in developing economies.
5. Zimmer Biomet and Mazor Robotics hold nearly 80 percent of the market share.