Published on : Feb 24, 2016
Albany, New York February 24, 2016 – ResearchMoz.us has announced the addition of a market study, titled “Surgical Robots for the Spine: Market Shares, Strategy, and Forecasts, Worldwide, 2016 to 2022,” to its repertoire. According to the report, the global spinal surgical robots market is poised to exhibit exponential growth with the advent of robotic technologies in spinal surgeries. The report presents a comprehensive overview of the global surgical robots for the spine market, covering aspects such as the market’s definition, segmentation, and factors influencing its growth trajectory.
The market at present is gaining impetus from the growing geriatric population and reduced hospital costs due to shortened hospital stays. Furthermore, spinal surgical robots ensure better accuracy in spine surgeries, which is a key factor bolstering demand from the global surgical robots for the spine market.
The global market for spinal surgical robots is anticipated to reach US$2.7 bn by 2022, states the report. Robotic procedures offer substantial cost savings in both pre- and post-operation care. Additionally, they also help in reducing the overall hospital stay. The latest technological advances and breakthroughs in the surgical modality have also helped the surgical robots for the spine market expand.
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Spinal surgeries involve modifying the affected area around the back bones and the nerves around it. These surgeries may also involve the implantation of one or multiple screws and components to ensure proper cure, and hence are considered very delicate. Ensuring accuracy is imperative for the success of spinal surgeries, which is the key factor fuelling demand for surgical robots that can help a skilled surgeon achieve better precision and a more consistent outcome.
The rising incidence of spinal cord injuries around the world will increase the demand for spinal surgical robots. According to the report, over 1.34 million spinal operations are performed annually in the U.S. alone. Globally, the number has reached above 4.83 million annually. Furthermore, almost 11 million people in the U.S. and 79 million people around the world suffered from chronic back pain in 2015, indicating the potential for more spinal surgeries. The demand for spinal surgical robots is anticipated to increase in response.
Spinal surgeries have dramatically evolved over the years with the advent of the latest technologies that have enabled improved surgical techniques. The most prominent companies operating in the market capitalize on the latest technologies to gain a competitive edge. Mazon has emerged as one of the most dominant players in the spinal surgical robots market.
Despite witnessing impressive growth potential around the world, reduction in insurance payments has negatively impacted the market to an extent. Furthermore, payment reductions have forced hospitals to work as corporate entities. Nevertheless, the market is expected to capitalize on the rising incidence of spinal surgeries and technological advances in the near future.
The report provides an executive-level blueprint of the market, including insights from the industry veterans. To present a holistic overview of the market’s competitive landscape, companies such as Alliance Spine, Accel Spine¸ Ascendx Spine, Alphatec Spine¸ Back 2 Basics Spine, Apollo Spine¸ and others are profiled in the report.
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