Spine surgery robots to expand at 17.5% CAGR — Top competitors

Mackenzie Garrity -   Print  |

The global spine surgery robots market was valued at $75 million in 2018. Through 2026, the market is expected to experience a 17.5 percent compound annual growth rate, according to a Transparency Market Research report.

The U.S. is predicted to hold the largest market share through the forecast period, with companies such as Zimmer Biomet and Mazor Robotics leading the way.

Various minimally invasive procedures use spine surgical robots. Robotic systems will be used in more thoracic-lumbar procedures. In 2015, an estimated 409,400 thoracic-lumbar fusion procedures were performed.

Globus Medical and Intuitive Surgical are also major players in the spine surgery robots market. Stryker is also expected to establish a more dominant presence in the market.

More articles on devices and implants:
5 notes on the NuVasive-Alphatec Spine patent litigation over lateral spine surgery
How news that Smith & Nephew may acquire NuVasive affected stock price
Is M&A in Smith & Nephew's future? 5 CEO quotes on 2019 and beyond

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies here.

Featured Webinars

Featured Whitepapers