Minimally Invasive Spine Surgery Devices Market 2024 - Consumption Analysis, Business Overview And Upcoming Trends 2033
Overview and Scope
Minimally invasive spine surgery
devices are specialized tools and instruments designed for performing spinal
surgeries with minimal incisions. These devices are used to treat various
spinal conditions offering reduced trauma to surrounding tissues. The purpose
of these devices is to facilitate quicker recovery, less postoperative pain,
and shorter hospital stays compared to traditional open spine surgery methods.
Sizing and Forecast
The minimally invasive spine
surgery devices market size has grown strongly in recent years. It will grow
from $1.06 billion in 2023 to $1.11 billion in 2024 at a compound annual growth
rate (CAGR) of 5.0%. The growth in the
historic period can be attributed to increasing patient preference for
minimally invasive procedures, growing clinical evidence supporting efficacy
and safety, cost pressures on healthcare systems, increasing training programs
and educational initiatives, and a shift in surgical paradigm.
The minimally invasive spine
surgery devices market size is expected to see strong growth in the next few
years. It will grow to $1.36 billion in 2028 at a compound annual growth rate
(CAGR) of 5.2%. The growth in the
forecast period can be attributed to acceleration of healthcare digitization,
adoption of electronic health records (EHRS), exploration of regenerative
medicine techniques, evolving healthcare reimbursement policies, and increased
collaboration among device manufacturers. Major trends in the forecast period
include innovations in surgical instruments, imaging technologies, development
of biocompatible materials and implants, advances in personalized medicine and
genetic testing, integration of remote monitoring technologies and telemedicine
platforms, and integration of VR and AR technologies.
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Segmentation & Regional
Insights
The minimally invasive spine
surgery devices market covered in this report is segmented –
1) By Product: Cervical
Fusion Devices, Spine Biologics, Vertebral Compression Fracture Treatment
Devices, Non-fusion Devices, Spine Bone Stimulators, Spinal Decompression
Devices
2) By Treatment: Disk
Herniation, Degenerative Spinal Disease, Spinal Stenosis, Other Treatments
3) By Procedure:
Discectomy, Laminotomy, Foraminotomy, Facetectomy, Corpectomy
4) By Application: Fusion
Surgery, Non-Fusion Surgery
5) By End User: Ambulatory
Surgical Centers (ASCs), Hospitals
North America was the largest
region in the minimally invasive spine surgery devices market in 2023. The
regions covered in the minimally invasive spine surgery devices market report
are Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
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Major Driver Impacting Market
Growth
The increase in incidences of
spinal disorders is expected to propel the growth of the minimally invasive
spine surgery devices market going forward. Spinal disorders refer to
conditions affecting the spine, such as herniated discs, spinal stenosis, and scoliosis,
causing pain, stiffness, or neurological symptoms. The rise in spinal disorders
is fueled by several factors, such as aging populations, sedentary lifestyles,
repetitive stress injuries, and degenerative changes in the spine's structures.
Minimally invasive spine surgery devices are used to treat spinal disorders by
reducing tissue damage, shortening recovery times, and minimizing
post-operative pain compared to traditional open surgery. For instance, in
2024, according to the National Spinal Cord Injury Statistical Center, a
US-based department of the University of Alabama at Birmingham (UAB), in 2024,
approximately 305,000 individuals in the United States are estimated to have
traumatic spinal cord injury (tSCI), with estimates ranging from 257,000 to
388,000 persons. Comparatively, in 2023, the estimated number was around
302,000 individuals, ranging from 255,000 to 383,000 persons. Therefore, the
increase in incidences of spinal disorders is driving the growth of the
minimally invasive spine surgery devices market.
Key Industry Players
Major companies operating in the
minimally invasive spine surgery devices market are Stryker Corporation, Boston Scientific
Corporation, Zimmer Biomet Holdings Inc., NuVasive Inc., Globus Medical Inc.,
MicroPort Scientific Corporation, Orthofix International N.V., Aesculap Inc.,
Alphatec Holdings Inc., SeaSpine Holdings Corporation, RTI Surgical Inc.,
Spinal Elements, Xtant Medical, Precision Medical Inc., Spine Wave Inc.,
Zavation Medical Products LLC., Life Spine Inc., Nexxt Spine LLC, CTL Amedica
Corporation, Intrinsic Therapeutics Inc, Captiva Spine Inc., DePuy Synthes,
Osseus Fusion Systems, SpineGuard S.A.
The minimally invasive spine
surgery devices market report table of contents includes:
1. Executive Summary
2. Minimally Invasive Spine
Surgery Devices Market Characteristics
3. Minimally Invasive Spine
Surgery Devices Market Trends And Strategies
4. Minimally Invasive Spine
Surgery Devices Market - Macro Economic Scenario
5. Global Minimally Invasive Spine
Surgery Devices Market Size and Growth
..................................
32. Global Minimally Invasive
Spine Surgery Devices Market Competitive Benchmarking
33. Global Minimally Invasive
Spine Surgery Devices Market Competitive Dashboard
34. Key Mergers And Acquisitions
In The Minimally Invasive Spine Surgery Devices Market
35. Minimally Invasive Spine
Surgery Devices Market Future Outlook and Potential Analysis
36. Appendix
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