The Global Minimally Invasive Spine Technologies Market Size is valued at 3.63 billion in 2023 and is predicted to reach 8.17 billion by the year 2031 at a 10.75% CAGR during the forecast period for 2024-2031.
In recent decades, there has been a significant interest in minimally invasive spine surgery (MISS). This trend has been primarily driven by its fundamental principle of reducing approach-related trauma while performing comparable outcomes to conventional open spine procedures. Due to advancements in technology and technical knowledge.
Minimally Invasive Spine Surgery (MISS) is no longer limited to treating simple spinal stenosis but can now effectively address complex spinal pathologies, inclusive of metastasis, trauma, and adult spinal deformity. Minimally Invasive Spine Technologies are produced using plant or animal waste and thus are eco-friendly, non-toxic, and abundant in nature. Hence, the adoption of Minimally Invasive is rapidly growing in current times.
The international market for minimally invasive spinal surgery has been dramatically influenced by the COVID-19 pandemic. The interruption and termination of surgical services as well as the consequences of the illness for public health, also have a collateral effect. For instance, a research study titled "COVID-19 Pandemic and Elective Spinal Surgery Cancellations" that was released in December 2021 claimed that the COVID-19 pandemic led to the suspension of elective procedures because resources were reallocated to the care of COVID-19 patients. Following the start of elective surgeries, many patients delayed surgery, and many are still waiting for a new appointment. This could have prolonged their discomfort and functional impairment. It is projected that situations like this will reduce the need for spinal surgical equipment due to the pandemic.
The major factors that are expected to expedite the growth of the market over the anticipated period include technological advancements in surgical equipment and rising demand for minimally invasive surgeries, an increase in the incidence of spinal disorders, the rising popularity of physician-owned ambulatory surgical centers, and an increase in the geriatric and obese population.
The Minimally Invasive Spine Technologies market is segmented on the basis of condition and end user. Based on the condition, the market is segmented as Herniated Disc, Spinal Stenosis, Degenerative Disc Disease, Spinal Deformity, Spinal Fracture, Spinal Infection, and Spinal Tumor. The end user segment includes Hospitals, Ambulatory Surgery Centers, and Orthopedic Clinics.
The hospital segment covered the largest revenue share. On the other hand, ambulatory surgery centres are expected to undergo the fastest growth rate during the anticipated period. The United States currently has over 5,500 ambulatory surgery centers certified by Medicare. Compared to hospitals, ambulatory surgical centers provide patients with surgery at reduced costs and with more schedule freedom. These healthcare institutions, sometimes known as same-day surgery centers, release patients following minor surgeries.
The orthopedic market share was ranked second overall. No muscles need to be cut or severed during orthopedic MIS operations. As a result, this strategy has enhanced patient satisfaction and accelerated the healing process. MIS is most frequently used during knee and hip replacement surgeries. Surgery that has fewer operational, postoperative, and hospitalization-related problems is sought after by hospitals and doctors. Pats, on the other hand, look for surgical procedures that lessen trauma and enable quick recovery.
Growing geriatric population and a high prevalence of unintentional injuries made North America the market leader in the regional MIS industry. The US spends more on healthcare per person than any other nation in the world, as per a report by the Organisation for Economic Co-operation and Development (OECD). Additionally, patients in the US have a choice over the providers and modes of treatment. The MIS market in North America is anticipated to benefit from this. On the other hand, from 2024 to 2031, the Asia Pacific area is expected to experience the fastest growth.
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Report Attribute |
Specifications |
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Market size value in 2023 |
USD 3.63 Bn |
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Revenue forecast in 2031 |
USD 8.17 Bn |
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Growth rate CAGR |
CAGR of 10.75% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Condition, End-user |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
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Competitive Landscape |
AMS Group, Alphatec Holdings, Inc., Aurora Spine, Inc., B. Braun SE, Boston Scientific Corporation, Globus Medical, Inc., Johnson & Johnson, Medtronic plc, NuVasive, Inc., ORTHOFIX MEDICAL INC., Precision Spine, Inc., Richard Wolf GmbH, Spineart, Spineology Inc., and Stryker Corporation. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Minimally Invasive Spine Technologies Market Snapshot
Chapter 4. Global Minimally Invasive Spine Technologies Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: by Condition Estimates & Trend Analysis
5.1. by Condition & Market Share, 2023 & 2031
5.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Condition:
5.2.1. Herniated Disc
5.2.2. Spinal Stenosis
5.2.3. Degenerative Disc Disease
5.2.4. Spinal Deformity
5.2.5. Spinal Fracture
5.2.6. Spinal Infection
5.2.7. Spinal Tumor
Chapter 6. Market Segmentation 2: by End-users Estimates & Trend Analysis
6.1. by End-users & Market Share, 2023 & 2031
6.2. Market Size (Value (US$ Mn) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-users:
6.2.1. Hospitals
6.2.2. Ambulatory Surgery Centers
6.2.3. Orthopedic Clinics
Chapter 7. Minimally Invasive Spine Technologies Market Segmentation 3: Regional Estimates & Trend Analysis
7.1. North America
7.1.1. North America Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by Condition, 2023-2031
7.1.2. North America Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2023-2031
7.1.3. North America Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
7.2. Europe
7.2.1. Europe Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by Condition, 2023-2031
7.2.2. Europe Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2023-2031
7.2.3. Europe Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
7.3. Asia Pacific
7.3.1. Asia Pacific Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by Condition, 2023-2031
7.3.2. Asia Pacific Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2023-2031
7.3.3. Asia Pacific Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
7.4. Latin America
7.4.1. Latin America Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by Condition, 2023-2031
7.4.2. Latin America Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2023-2031
7.4.3. Latin America Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
7.5. Middle East & Africa
7.5.1. Middle East & Africa Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by Condition, 2023-2031
7.5.2. Middle East & Africa Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by End-users, 2023-2031
7.5.3. Middle East & Africa Minimally Invasive Spine Technologies Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031
Chapter 8. Competitive Landscape
8.1. Major Mergers and Acquisitions/Strategic Alliances
8.2. Company Profiles
8.2.1. AMS Group
8.2.2. Alphatec Holdings, Inc.
8.2.3. Aurora Spine, Inc.
8.2.4. B. Braun SE
8.2.5. Boston Scientific Corporation
8.2.6. Globus Medical, Inc.
8.2.7. Johnson & Johnson
8.2.8. Medtronic plc
8.2.9. NuVasive, Inc.
8.2.10. ORTHOFIX MEDICAL INC.
8.2.11. Precision Spine, Inc.
8.2.12. Richard Wolf GmbH
8.2.13. Spineart
8.2.14. Spineology Inc.
8.2.15. Stryker Corporation
8.2.16. Other Prominent Players
Minimally Invasive Spine Technologies Market By Condition-
Minimally Invasive Spine Technologies Market By End User-
Minimally Invasive Spine Technologies Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
