Global Spinal Surgical Robots market will reach 470 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/22

Growing geriatric population, increasing occurrence of spine surgeries, growing adoption of innovative technologies, and rising demand for minimally invasive surgeries are some of the factors that are likely to propel the growth of the global market for a spinal surgical robot. The increasing prevalence of chronic back pain, growing per capita income, and rising efficiency of the existing surgical procedures through robotic surgery are some of the other factors that are expected to fuel the growth of the market in the near future.

Due to their efficiency and precision, robotic surgical procedures are performed rapidly. This means that both surgeons and patients are expose to less radiation as compared to open surgery. Robotic surgical systems allow surgeons to make the smallest incisions that helps the patients to face less risk of infection which leads to drives the growth of the global spinal surgical robot market over the predicted period.

However, the high cost of the product is restricting the growth of the global spinal surgical robots market in the years to come.

The global Spinal Surgical Robots market is valued at 67 million US$ in 2018 is expected to reach 470 million US$ by the end of 2025, growing at a CAGR of 27.6% during 2019-2025.

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