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Spinal Surgical Robots Market Pegged to touch USD 364.6 Million by 2021

Spinal Surgical Robots Market Pegged to touch USD 364.6 Million by 2021

Immense Growth in Invasive Surgery Continues Boosting the Overall Revenue of Spinal Surgical Surgery Robots Market.

The Spinal Surgical Robots Market is a high potential market with high use of surgical robots for robotic spine surgery, scoliosis surgery, back pain surgery, invasive surgery and other type of spine related issues and for treating back pain in the healthcare industry. This market is anticipated to witness high growth due to the increasing investment for introducing robots in medicine by robotic surgery companies, rise in production of medical robots by robotic companies and growing adoption of the robotic surgery procedure for back pain spine robotic surgery in healthcare in various regions across the globe during forecast period of 2016-2021.

Scope of the Market:

Driven by various factors, the global market is set to reach a market value of $364.6 Million by 2021 growing at a CAGR of 13.1% from its present value of $171.9 Million. The use of robots for surgeries is increasing rapidly in the healthcare sector due to the precision and accuracy of the automated medical robots. The medical robots are gaining preference in the healthcare industry due to the fast and effective procedure by robots with high success rates. There is high scope for the Spinal Surgical Robots Market during 2016-2021.

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The chief applications of the robots are to perform operations such as laminectomy, spinal fusion, foraminotomy, discectomy, disc replacement and interlaminar implant. Spinal fusions followed by disc replacement are the major applications for spinal surgical robots. These machines are programmed to deliver surgeries in three approaches: anterior, posterior and lateral approach. The most preferred approach is the anterior approach which is generally used for degenerative disc diseases, slipped vertebrae and scoliosis. Increasing focus on minimally invasive surgery in healthcare systems coupled with patients’ preference supports the market growth.

Regional Forecast:

According to the IndustryARC research analysis studies on the Spinal Surgical Robots Market, North America is the major shareholder in this market with the largest portion of revenue. The high standards of the healthcare industry and increasing adoption of medical robots in this region are propelling the growth through 2021.

Europe is the second leading region in the Spinal Surgical Robots Market followed by Asia Pacific suggests IndustryARC market experts. The demand for less risky surgeries and better healthcare facilities is driving the demand during 2016-2021.

Asia Pacific is the third leading region with high application scope in the Spinal Surgical Robots Market due to the high population, increasing investment by countries to improve medical facilities and use of medical robots by hospitals and medical centers during 2016-2021.

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Segmentation and Key Players of the Spinal Surgical Robots Market:

The Spinal Surgical Robots Market is segmented into various categories in the IndustryARC marketing research report by application, by surgery type, by surgical approach and by geography as follows:

By application: Laminectomy, Spinal Fusion, Foraminotomy, Discectomy, Disc Replacement, Interlaminar Implant and others

By surgery type: Open Surgery, Minimal Invasive Surgery

By surgical approach: Anterior Approach, Posterior Approach and Lateral Approach

By geography: North America, South America, Europe, Asia Pacific and ROW

Market Vendors Overview:

Out of more than 40 leading key players in the Spinal Surgical Robots Market, few of the vendors included in this research report by IndustryARC research report are as follows:

  • Alphatec Spine Inc.

  • Accuray Incorporated

  • Medtronic Sofamor Danek, Inc.

  • Zimmer Biomet Holdings, Inc.

  • Nuvasive, Inc.

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