[Latest] Global Minimally Invasive Spine Surgery Market Size/Share Worth USD 4,802.2 Million by 2033 at a 7.1% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)
Austin, TX, USA, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Minimally Invasive Spine Surgery Market Size, Trends and Insights By Product (Implants & instrumentation, Biomaterials), By Application (Fusion Surgery, Non-fusion Surgery), By Treatment (Lumbar Disc Herniation, Thoracic Disc Herniation, Spinal Stenosis, Degenerative Spinal Disease, Others), By End Users (Hospitals and Clinics, Home Care Settings, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.
“According to the latest research study, the demand of global Minimally Invasive Spine Surgery Market size & share was valued at approximately USD 2,418.5 Million in 2023 and is expected to reach USD 2,590.2 Million in 2024 and is expected to reach a value of around USD 4,802.2 Million by 2033, at a compound annual growth rate (CAGR) of about 7.1% during the forecast period 2024 to 2033.”
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Minimally Invasive Spine Surgery Market: Growth Factors and Dynamics
- Technological Advancements: Ongoing innovations in surgical techniques, instruments, and imaging technologies have enhanced the safety, efficacy, and precision of minimally invasive spine surgeries, driving market growth.
- Reduced Surgical Trauma: Minimally invasive spine surgeries involve smaller incisions, leading to reduced tissue damage, blood loss, post-operative pain, and shorter hospital stays, contributing to the increasing adoption of these procedures.
- Growing Aging Population: The rising prevalence of age-related spine disorders, such as degenerative disc disease and spinal stenosis, among the aging population drives the demand for minimally invasive spine surgeries as a preferred treatment option, fueling the market growth.
- Increasing Patient Awareness: Growing patient awareness of the benefits of minimally invasive spine surgery, including quicker recovery, reduced scarring, and lower risk of complications, is driving patient preference and demand for these procedures.
- Expanding Indications: The expansion of indications for minimally invasive spine surgery beyond traditional procedures, such as lumbar discectomy and fusion, to include complex surgeries like deformity correction and tumor resection, broadens the market scope and drives procedure volumes.
- Reimbursement Support: Favorable reimbursement policies and increased insurance coverage for minimally invasive spine surgeries in various regions support patient access to these procedures, driving market growth and adoption rates.
- Shift towards Outpatient Settings: The increasing trend towards outpatient minimally invasive spine surgeries, facilitated by advancements in surgical techniques and anesthesia, reduces healthcare costs and improves patient convenience, driving the market growth.
- Regulatory Support and Guidelines: Stringent regulatory standards and guidelines governing the safety and efficacy of minimally invasive spine surgery devices and procedures ensure quality assurance and patient safety, fostering market growth by instilling confidence among healthcare providers and patients.
- Emerging Markets Adoption: Emerging economies witnessing rapid urbanization and healthcare infrastructure development are increasingly adopting minimally invasive spine surgery techniques. This adoption is driven by the rising burden of spine disorders, improving healthcare access, and growing investments in medical technology.
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Minimally Invasive Spine Surgery Market: Partnership and Acquisitions
- In 2023, Stryker’s Q Guidance System, approved by the US FDA for cranial applications, enhances precision and safety in cranial surgeries. This advanced system offers surgeons real-time guidance and navigation capabilities, improving surgical outcomes and patient care in neurosurgical procedures.
- In 2022, Nexus Spine unveiled its Stable-C cervical interbody fusion implants, incorporating integrated anchoring blades. This advancement in biomechanically advanced solutions for spinal pathologies aims to improve stability and fusion outcomes in cervical spine surgeries, enhancing patient care and surgical efficacy.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 2,590.2 Million |
| Projected Market Size in 2033 | USD 4,802.2 Million |
| Market Size in 2023 | USD 2,418.5 Million |
| CAGR Growth Rate | 7.1% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product, Application, Treatment, End Users and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the Minimally Invasive Spine Surgery report is available upon request; please contact us for more information.) Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Minimally Invasive Spine Surgery report has been modified to include the COVID-19 impact study prior to delivery.)
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Minimally Invasive Spine Surgery Market: COVID-19 Analysis
The COVID-19 pandemic has significantly impacted the Minimally Invasive Spine Surgery Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Disruption of Elective Procedures: During the COVID-19 pandemic, many hospitals postponed elective surgeries, including minimally invasive spine surgeries, to prioritize resources for COVID-19 patients, leading to a decline in procedure volumes and revenue for spine surgery providers.
- Supply Chain Disruptions: Disruptions in the global supply chain due to lockdown measures and trade restrictions affected the availability of surgical instruments, implants, and medical devices required for minimally invasive spine surgeries, impacting procedure scheduling and patient care.
- Resumption of Elective Surgeries: As COVID-19 cases decline and healthcare facilities resume elective procedures, including minimally invasive spine surgeries, pent-up demand for these surgeries is expected to drive procedure volumes and revenue recovery.
- Implementation of Safety Protocols: Healthcare facilities are implementing stringent safety protocols, such as preoperative COVID-19 testing, enhanced disinfection measures, and personal protective equipment (PPE) requirements, to ensure the safety of patients and healthcare workers during minimally invasive spine surgeries.
- Telemedicine and Remote Consultations: The adoption of telemedicine and remote consultations allows spine surgeons to conduct preoperative assessments, postoperative follow-ups, and patient consultations remotely, reducing the need for in-person visits and minimizing the risk of COVID-19 transmission.
- Focus on Outpatient Procedures: Healthcare facilities are increasingly performing minimally invasive spine surgeries on an outpatient basis, allowing patients to undergo surgery and return home on the same day, thereby reducing the risk of exposure to COVID-19 in healthcare settings and improving patient throughput.
- Innovation and Technology Adoption: Spine surgery providers are investing in innovative technologies, such as robotic-assisted surgery systems and navigation systems, to enhance the efficiency, accuracy, and safety of minimally invasive spine surgeries, driving market recovery and growth post-pandemic.
- Patient Education and Engagement: Healthcare providers are prioritizing patient education and engagement initiatives to address patient concerns and build trust in the safety and efficacy of minimally invasive spine surgeries amid the COVID-19 pandemic. These initiatives include educational materials, virtual seminars, and online forums to inform patients about the benefits, risks, and precautions associated with spine surgery.
In conclusion, the COVID-19 pandemic has had a mixed impact on the Minimally Invasive Spine Surgery Market, with some challenges and opportunities arising from the pandemic.
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Key questions answered in this report:
- What is the size of the Minimally Invasive Spine Surgery market and what is its expected growth rate?
- What are the primary driving factors that push the Minimally Invasive Spine Surgery market forward?
- What are the Minimally Invasive Spine Surgery Industry's top companies?
- What are the different categories that the Minimally Invasive Spine Surgery Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Minimally Invasive Spine Surgery market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2024−2033
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Minimally Invasive Spine Surgery Market – Regional Analysis
The Minimally Invasive Spine Surgery Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:
- North America: North America leads in minimally invasive spine surgeries, driven by advanced healthcare infrastructure and high healthcare spending. Trends include a growing demand for robotic-assisted spine surgeries, increasing adoption of motion-preserving technologies, and emphasis on value-based care models to optimize patient outcomes and reduce healthcare costs.
- Europe: Europe showcases a trend towards standardization and regulation of minimally invasive spine surgeries, with a focus on evidence-based practices and quality assurance. Additionally, there is a growing emphasis on interdisciplinary collaboration among spine surgeons, neurosurgeons, and rehabilitation specialists to provide comprehensive care for patients with spinal disorders.
- Asia-Pacific: Asia-Pacific exhibits a trend towards rapid market growth fueled by expanding healthcare infrastructure and rising healthcare expenditure. Key trends include the adoption of innovative surgical techniques and technologies, such as minimally invasive navigation systems and endoscopic spine surgery, to address the increasing burden of spinal disorders in the region.
- LAMEA (Latin America, Middle East, and Africa): The LAMEA region shows a trend towards improving access to minimally invasive spine surgeries through public-private partnerships and healthcare reforms. There is also a growing focus on capacity building and training programs for healthcare professionals to enhance surgical skills and expertise in minimally invasive spine surgery techniques. Additionally, there is a trend towards greater collaboration with international medical organizations to promote knowledge exchange and best practices in spine surgery.
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List of the prominent players in the Minimally Invasive Spine Surgery Market:
- Medtronic plc
- NuVasive Inc.
- Stryker Corporation
- Zimmer Biomet Holdings Inc.
- Globus Medical Inc.
- DePuy Synthes (Johnson & Johnson)
- Braun Melsungen AG
- MicroPort Scientific Corporation
- Aesculap Implant Systems LLC
- Alphatec Holdings Inc.
- RTI Surgical Holdings Inc.
- Orthofix Medical Inc.
- K2M Group Holdings Inc.
- SeaSpine Holdings Corporation
- CoreLink LLC
- Others
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The Minimally Invasive Spine Surgery Market is segmented as follows:
By Product
- Implants & instrumentation
- Biomaterials
By Application
- Fusion Surgery
- Non-fusion Surgery
By Treatment
- Lumbar Disc Herniation
- Thoracic Disc Herniation
- Spinal Stenosis
- Degenerative Spinal Disease
- Others
By End Users
- Hospitals and Clinics
- Home Care Settings
- Others
Click Here to Get a Free Sample Report of the Global Minimally Invasive Spine Surgery Market @ https://www.custommarketinsights.com/report/minimally-invasive-spine-surgery-market/
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
This Minimally Invasive Spine Surgery Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Minimally Invasive Spine Surgery Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Global Market Status of the Minimally Invasive Spine Surgery Market? What Was the Capacity, Production Value, Cost and PROFIT of the Minimally Invasive Spine Surgery Market?
- What Is the Current Market Status of the Minimally Invasive Spine Surgery Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Minimally Invasive Spine Surgery Market by Considering Applications and Types?
- What Are Projections of the Global Minimally Invasive Spine Surgery Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is Minimally Invasive Spine Surgery Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On Minimally Invasive Spine Surgery Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Minimally Invasive Spine Surgery Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Minimally Invasive Spine Surgery Industry?
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Reasons to Purchase Minimally Invasive Spine Surgery Market Report
- Minimally Invasive Spine Surgery Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- Minimally Invasive Spine Surgery Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- Minimally Invasive Spine Surgery Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- Minimally Invasive Spine Surgery Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the global Minimally Invasive Spine Surgery market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Minimally Invasive Spine Surgery market analysis.
- The competitive environment of current and potential participants in the Minimally Invasive Spine Surgery market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Minimally Invasive Spine Surgery market should find this report useful. The research will be useful to all market participants in the Minimally Invasive Spine Surgery industry.
- Managers in the Minimally Invasive Spine Surgery sector are interested in publishing up-to-date and projected data about the worldwide Minimally Invasive Spine Surgery market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Minimally Invasive Spine Surgery products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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