The surgical robots market for spinal surgery is projected to reach $2.77 billion by 2022, according to Whatech.
Here are five points:
1. The adaptation of robotic technology to spinal surgery and an aging population will contribute to the market's growth.
2. Hospital cost reductions due to decreased lengths of stay will also bolster the market's growth.
3. Currently, the worldwide market for spinal surgical robots is valued at $26 million.
4. Market leaders include Medtronic, Mazor Robotics, Apollo Spine, K2M, Globus Medical, Centinel Spine and Stryker, among several others.
5. In the United States, surgeons perform nearly 1.3 million spinal operations each year.
More articles on spine:
The Growth of Outpatient Spine — 9 Key Points
Neurosurgeon Dr. William Mayher III dies at 77
4 quick facts on realigning the head to reduce chronic pain