Published Date: February 2024
Minimally Invasive Spine Surgery (MISS) procedure uses smaller incision with less pain and less harm for tissues leading to faster recovery of time after surgery. Transforaminal Endoscopic Spine Surgery is the minimally invasive spine surgery technique which help in utilizing an integrated working channel endoscope for treating multiple spinal disorders such as spinal stenosis, disc herniation and others.
The evolution of advanced technology, instrumentation and visualization has redefined the way of spine surgery to be performed. Rising adoption of minimally invasive surgeries and rising ageing population coupled with growing spinal disorders is likely to propel demand for Minimally Invasive Spine Technologies market growth.Minimally Invasive Spine Technologies Market was valued at US$ 4.3 Billion in 2024 and is projected to grow at a CAGR of 10.40% to reach US$ 11.6 Billion by 2034.
The report “Minimally Invasive Spine Technologies Market, By Condition Type (Spinal Tumor, Spinal Infection, Herniated Disc, Degenerative Disc Disease, Spinal Stenosis and Spinal Deformity), By End-Users (Hospitals, Orthopedic Clinics, Ambulatory Surgery Centers, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”
Key Highlights:
- In July 2019, NuVasive Inc., launched new ‘Pulse’ integrated technology platform which has become the first & single platform which includes, multiple technologies that help surgeon to adopt less disruptive and more efficient minimally invasive surgical spine procedure. The new launched Pulse platform combines surgical planning, neuro-monitoring, radiation reduction, rod bending, imaging & navigation functions and others.
Analyst View:
The key factor driving the growth of the Minimally Invasive Spine Technologies Market is rising geriatric population. Further, presence of major players and growing strategic acquisitions & partnerships to expand product portfolio in market has foster the demand for market growth. Furthermore, growing advancement in technology and demand for minimally invasive surgeries is expected to increase the demand for Minimally Invasive Spine Technologies Market growth over the forecast period. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Minimally Invasive Spine Technologies Market, By Condition Type (Spinal Tumor, Spinal Infection, Herniated Disc, Degenerative Disc Disease, Spinal Stenosis and Spinal Deformity), By End-Users (Hospitals, Orthopedic Clinics, Ambulatory Surgery Centers, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”
Key Market Insights from the report:
Minimally Invasive Spine Technologies Market was valued at US$ 4.3 Billion in 2024 and is projected to grow at a CAGR of 10.40% to reach US$ 11.6 Billion by 2034.The Minimally Invasive Spine Technologies Market is segmented based on Condition Type, End-Users and Region.
- Based on Condition Type, Minimally Invasive Spine Technologies Market is segmented into Spinal Tumor, Spinal Infection, Herniated Disc, Degenerative Disc Disease, Spinal Stenosis and Spinal Deformity.
- Based on End-Users, Minimally Invasive Spine Technologies Market is segmented into Hospitals, Orthopedic Clinics, Ambulatory Surgery Centers, and Others.
- By Region, the Minimally Invasive Spine Technologies Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.
Competitive Landscape & their strategies of Minimally Invasive Spine Technologies Market:
The prominent players operating in the Minimally Invasive Spine Technologies Market includes, AMS Group, Johnson & Johnson, Alphatec Holdings Inc., Medtronic plc., Aurora Spine Inc., Boston Scientific Corporation, B. Braun SE, Globus Medical Inc., ORTHOFIX MEDICAL INC., NuVasive Inc., and Others.
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