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MAHARASHTRA, India, Feb. 8, 2016 /PRNewswire-iReach/ -- The worldwide market for spinal surgical robots is $26 million anticipated to reach $2.77 billon by 2022. The complete report provides a comprehensive analysis including procedure numbers, units sold, market value, forecasts, as well as a detailed competitive market shares and analysis of major players' success, challenges, and strategies in each segment and sub-segment. The reports cover markets for surgery medical specialties and sub-specialties.

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The complete surgical robots for the spine market report spreads across 313 pages, provides analysis on market leaders is supported with 111 tables and figures is available at http://www.reportsnreports.com/reports/470942-surgical-robots-for-the-spine-market-shares-strategies-and-forecasts-worldwide-2016-to-2022.html.

Worldwide spinal surgical robot markets are poised to achieve significant growth with the adaptation of robotic technology to the second most widely performed surgical procedure, spinal surgery. Aging of the population and hospital cost reductions through decreased length of stay are key market driving forces. Spinal surgical robots increase spine surgery repeatability and accuracy.

In the United States, there are 1.34 million spinal operations performed annually, worldwide there are 4.83 million annually. Patients have problems with degenerative conditions and injury. 11 million people in the U.S. and 78 million people worldwide suffer from chronic back pain in 2015, indicating the potential for more surgery if the accuracy and pain relief can be alleviated with better surgery from robots.

Minimally invasive surgeries to increase repeatability and accuracy through the use of robots. Surgical robots improve the accuracy of procedures and thus reduce the complication rates in surgeries. 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. Purchase the Surgical Robots for the Spine Market Shares, Strategies, and Forecasts, Worldwide, 2016 to 2022 report at http://www.reportsnreports.com/purchase.aspx?name=470942.

Spinal surgery has evolved dramatically over the years as advances in technology have made it possible to improve surgical techniques. Mazor is the market leader by far in the spinal surgical robot market, the only company with measurable market share. 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. The robot is more consistent.

Reconstructive spinal surgery depends on precision instruments. Robots are expected to grow significantly in surgery.

Once, the penetration of spinal robots achieves the level of 35% of penetration in a country, all spinal surgeons will demand that hospitals offer spinal surgical robot capability because the outcomes are more predictable and better. The surgeons can give better pain relief to their patients, so naturally, given a choice of hospitals, they will pick the one that has the robot that gives superior outcomes.

Spinal surgical markets have been impacted by the reduction in insurance payments. Payment reductions have forced hospitals to act as businesses. The cost of delivering care has become as much a factor as providing quality care when making decisions about patient improvement in condition. Cost-cutting has been made in the supply chain. Suppliers are examined closely for quality and cost.

The number of suppliers is sure to increase. As Mazor grows its penetration of the market, the larger market participants in spinal surgery equipment will surely follow. Mazor is positioned to continue to dominate the market. As the first providers it builds a strong base of surgeons who are trained in using the equipment these surgeons will continue to purchase updated robots as they are offered to the market.

The new are pressured to improve prices and efficiencies. Hospitals, physicians, and care providers have been financially incentivized to create accountable care organizations (ACOs). Coordinated patient care plans and value-based purchasing were rewarded. The med device buyer shifted from physicians to the ACOs and smart buying groups.

"Use of the robotic spinal surgery represents a key milestone in reconstructive surgery. Robots provide an opportunity to transform orthopedics. New materials and new designs are bringing that transformation forward. By furthering the growth of innovation with spinal surgery robots, patients can get better treatment. By enhancing the surgeon and patient experience is is likely that the entire market will grow rapidly."

Companies Profiled

Market Leaders: Accel Spine, Alliance Spine, Alphatec Spine, Apollo Spine, Ascendx Spine and Back 2 Basics Spine

Market Participants: Accel Spine, Alliance Spine, Alphatec Spine, Apollo Spine, Ascendx Spine, Back 2 Basics Spine, Boston Scientific, Brainlab AG, Captiva Spine, Centinel Spine, Elekta, Globus Medical, K2M, Life Spine, Mazor Robotics, Medacta, Medtronic, MicroPort Scientific Corporation, NLT Spine, NuVasive, Precision Spine, Shenzhen Advanced Institute Spinal Surgical Robot, Si-Bone, SIGNUS Medical, Spinal Elements, Spineart, SpineGuard, Spine Frontier, Spineology, Spine Smith Partners, Spine Surgical Innovations, Spine View, Spine Wave, St. Jude Medical, Stryker / Mako, Wright / Tornier, X-spine, Zyga Technology and Zimmer Biomet.

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