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.
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Global spine surgery product market to grow at 5.8% CAGR through 2025 — 4 observations
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At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.