In the Report “ [FURL=https://www.industryarc.com/PressRelease/364/Spinal-Surgical-Robots-Market-Research-Analysis.html]Spinal Surgical Robots Market[/FURL] : By Application (Laminectomy, Spinal Fusion, Foraminotomy, Discectomy, Disc Replacement, Others); By Surgery Type (Open Surgery, Minimal Invasive); By Surgical Approach (Anterior, Posterior, Lateral) & By Geography - (2018-2023)” published by IndustryARC, the market is driven by the improving traditional surgical process which has reduced the complication rates in surgeries and shorten surgical time period.America is the foremost region for the Spinal Surgical robot market since 2015 and is anticipated to remain dominant throughout the forecast period. Asia-Pacific region is witnessed to be the fastest growing region. The American market is anticipated to grow at a CAGR of 14.2% to reach revenue of $247.23 million by 2023. The American region is the dominant market, due to its growing technological progressions, the need for better surgical accuracy, to enhance patient safety and to reduce surgical time. The Robotic Spine Surgery Market for Asia-Pacific consists of $42.8 million in 2017 and is estimated to grow with a CAGR of 15.7% during the forecast period of 2018-2023 to reach $102.13 million by 2023. Major revenue is expected to come from Japan and is forecast to grow at a CAGR of 15% from 2018 to 2023.
Selected Surgery Type Analysis is done in the full Report:
In accordance with surgery, the market is segmented into open surgery and minimally invasive surgery. Robotic Spine is being adopted by Minimally Invasive Surgery (MIS) which is leading in the market. Its market is set to dominate during the entire forecast period growing at CAGR of 14.22% to reach revenue from $338.65 million by 2023 from $116.8 million in 2017. MIS surgery is dominating for its operations like laminectomy, spinal fusion, foraminotomy, discectomy, interlaminar implant and so on. The open surgery robots market is the next surgery segment type, which is expected to grow at a CAGR of 11.1% to reach revenue of $127.66 million by 2023. The open surgical method is used to recover in cases such as slow-growing spinal tumors. This type of surgery is used for longer recovery time and postoperative pain.
View Full Table Of Content Of Spinal Surgical Robots Market
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Excerpts on Market Growth Factors:
Increasing aging population and growing incidence of spinal prone disorders like herniated discs, VCFs, spondylolisthesis, prolapsed intervertebral disc, and spinal stenosis are factors for which the market is evolving rapidly.
Key players of the Spinal Surgical Robots Market:
Intuitive Surgical, Mazor Robotics ltd., and Stryker Corporation are the key companies to contribute towards this market. Intuitive Surgical has products such as da Vinci Xi Surgical System, da Vinci Surgical System and da Vinci Si system with different operational functions.
About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.