Global Endoscopic Spinal Surgery Market Overview
Endoscopic Spinal Surgery Market was valued at US$ 0.9 Billion in 2024 and is projected to grow at a CAGR of 7.20% to reach US$ 1.8 Billion by 2034.Endoscopic Spinal Surgery is a minimally invasive surgical procedure which effectively relies chronic leg and low back pain by correcting spinal issues. Small tools, endoscope camera, and tiny incisions are used during this type of surgical procedure.
Global Endoscopic Spinal Surgery Market Drivers & Restraints
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Drivers |
Restrains |
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Growing preference for minimally invasive surgical procedures |
Rare complications such as bleeding (minor or excessive) |
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Growing incidence of spinal disorders among individual |
High costs of surgery |
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Rising geriatric population coupled with increased spinal diseases |
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Advancement in endoscopic technologies |
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Global Endoscopic Spinal Surgery Market Segmentations & Regional Insights
The target market is segmented based on Type, Application, and Region.
Type Insight
On the basis of Type, the target market is segmented into Endoscope and Accessories.
Application Insight
On the basis of Application, the target market is segmented into Hospitals, Clinics, and Ambulatory Surgical Center.
Regional Insights:
On region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America market is estimated to witness a significantly high revenue share over the forecast period.
- Rising incidence of spinal diseases.
- Continuous technological development.
- Robust healthcare infrastructure.
- Growing research & development activities in medical field.
Asia Pacific market is estimated to witness a fastest revenue share over the forecast period.
- Rising awareness among patients regarding endoscopic surgeries.
- Improved healthcare infrastructure.
- Growing number of players operating in medical device industry in expanding markets such as India and China.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
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Market Segmentation |
By Type - Endoscope and Accessories By Application - Hospitals, Clinics, and Ambulatory Surgical Center |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.
Global Endoscopic Spinal Surgery Market Competitive Landscape & Key Players
The key players operating the target market includes, MaxMoreSpine Ltd., Olympus Corporation, Karl Storz, DePuy Synthes, Medtronic plc, NuVasive Inc., Stryker Inc., Zimmer-Biomet, Joimax Ltd., RIWOspine Inc., and others.
Global Endoscopic Spinal Surgery Market Recent News
The New Launched Product News,
- In October 2023, Joimax launched its new “iLESSYS" biportal interlaminar endoscopic surgical system for treating spinal disorders. The new instrument was launched at EUROSPINE 2023 Annual Meeting in Frankfurt and at SMISS Annual Forum (Society for Minimally Invasive Spine Surgery) in Las Vegas, by marking its global debut.
Strategic Acquisition News,
- In January 2021, Olympus acquired Quest Photonic Devices for $60.7 million. This acquisition will enable the Olympus to be able to enhance its surgical endoscopy capabilities. Quest technologies offers imaging systems and multi-spectral imaging for medical applications.
- In April 2021, Erbe acquired German company Maxer Endoscopy to expand its presence in surgical endoscopy portfolio. This acquisition will enable Erbe to offer improved performance with 4K & fluorescence-guided systems in endoscopy and open surgeries.
Global Endoscopic Spinal Surgery Market Highlights
FAQs
The Endoscopic Spinal Surgery Market is segmented into Type, Application, and Region.
Driving factors include the increasing preference for minimally invasive procedures, advancements in endoscopic technologies, and a rising incidence of spinal disorders.
Challenges include the learning curve associated with endoscopic techniques, limited access to advanced surgical technologies in certain regions, and potential cost considerations.
The report covers global regions, and factors like the high adoption of medical technologies and a well-established healthcare infrastructure suggest that North America may dominate the market.
Maxmorespine Ltd. Maxer Inc. Medizintechnik Karl Storz DePuy Synthes Medtronic Corp NuVasive Inc. Stryker Inc. Zimmer-Biomet Joimax Ltd. Riwospine Inc.