The global Spinal Surgical Robots market was valued at US$ 134.9 million in 2020 and is expected to reach US$ 453 million by the end of 2027, growing at a CAGR of 16.5% during 2021-2027.
Spinal surgery has evolved dramatically over the years as advances in technology have made it possible to improve surgical techniques.Spinal surgery involves the modification of the affected area of the back bones and nerves. The implantation of one or more screws or components is a very delicate surgery. The robot can achieve better precision than can a skilled surgeon.Robotic procedures offer significant cost savings in terms of pre- and post-operation care costs and length of stay at hospitals. Technological advances and breakthroughs leverage new materials and new sensor configurations. Sophisticated software is further evolving product implementation: Clinically efficient solutions, Clinically less complex surgery, Shorter length of stay, Minimally invasive surgery, Financially lower cost and Operationally more simple.
Global Spinal Surgical Robots main players are Mazor Robotics, Medtech S.A, TINA VI Medical Technologies, etc. Global top three manufacturers hold a share over 90%. North America is the largest market, with a share nearly 70%.
Global Spinal Surgical Robots Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Spinal Surgical Robots Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Mazor Robotics, Medtech S.A, Tina VI Medical Technologies, Globus Medical, Medtronic, Zimmer Biomet and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Separate System
- Combining System
Segment by Application
- Spinal Fusions
- Disc Replacement
Table of Content:
1 Spinal Surgical Robots Market Overview
2 Spinal Surgical Robots Market Competition by Manufacturers
3 Spinal Surgical Robots Retrospective Market Scenario by Region
4 Global Spinal Surgical Robots Historic Market Analysis by Type
5 Global Spinal Surgical Robots Historic Market Analysis by Application
6 Key Companies Profiled
7 Spinal Surgical Robots Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Spinal Surgical Robots Market Dynamics
10 Global Spinal Surgical Robots Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.