Surging investment for the development of new and advanced technology, increasing adoption of robotic technology, rising awareness regarding the benefits associates with minimally invasive surgery, growing number of surgical procedures and expanding purchasing power of hospitals are some of the factors that will enhance the growth of the spine surgery robots market in the forecast period of 2020-2027. On the other hand, increasing applications from emerging economies will further create new and ample opportunities for the growth of spine surgery robots market in the above mentioned forecast period.
Spine surgery robots market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to USD 330.85 million by 2027 growing at a CAGR of 16.0% in the above-mentioned forecast period. The growing awareness amongst the physicians and patients regarding the benefits associated with the usage of spine surgery robots has been directly impacting the growth of the market.
Surging cost of medical robots and unavailability of skilled and trained professionals are acting as a market restraint for the growth of spine surgery robots market in the above mentioned forecast period.