Global spinal surgical robots market to reach $2.7B by 2022: 5 takeaways

The global spinal surgical robots market is worth $26 million in 2018, according to a ResearchMoz report.

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Here are five takeaways:

 

1. By 2022, the global spinal surgical robots market will likely hit $2.77 billion.

 

2. An aging population as well as cost savings due to shorter lengths of stay are boosting the market.

 

3. The report notes in 2015, 11 million people in the U.S. experienced chronic back pain. Sacroiliac joint dysfunction is the underlying cause of 30 percent to 35 percent of lower back pain.

 

4. The growing demand for minimally invasive spine surgeries is also driving the market, as surgeons opt for increased repeatability and accuracy in procedures.

 

5. Mazor Robotics dominates the market.

 

More articles on devices:
Medicrea’s CEO acquires 90k shares — 3 points
Global spine surgery product market to grow at 5.8% CAGR through 2025 — 4 observations
Zimmer Biomet generates $7.8B in 2017 sales, spine segment sees 14% growth

 

At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 11-13 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.

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