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 2034

Report Code: PMI515323 | Publish Date: February 2024 | No. of Pages: 170

Minimally Invasive Spine Technologies Market Overview

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. Minimally Invasive Spine surgery is a type of surgery on bones of backbone or spine which uses smaller incisions than open surgery and thus, causes less harm to muscles and tissues. Elder patient with chronic diseases requires minimally invasive surgery. An individual with disease condition like Spinal Tumor, Spinal Infection, Herniated Disc, Degenerative Disc Disease, Spinal Stenosis and Spinal Deformity require minimally invasive spine surgeries which has driven the Minimally Invasive Spine Technologies market growth over the forecast period.

Minimally Invasive Spine Technologies Market Dynamics

Growing Geriatric Population to fuel market growth

Growing geriatric population across globe has become major contribution in market growth. Advancement in medical technologies has increased lifespan of humans in last decade. Rising ageing population coupled with growing chronic diseases has boost the demand for market growth. Growing adoption of sedentary lifestyle has given rise in obesity, acute injuries which has increased risk of degenerative disc disease in turn, is likely to propel Minimally Invasive Spine Technologies market growth.

According to WHO (World Health Organization), each year around 250,000 and 500,000 of an individual suffer from spinal cord injury across globe.

For instance, in 2017 (PubMed Central), according to United Nations, the geriatric population aged 60 years or above across globe will triple by 2050, and rapidly growing geriatric population has increased likelihood of musculoskeletal diseases. The studies has suggested the rising prevalence of musculoskeletal pain ranges from 65% to 85% in older adults and around 36% to 70% suffering from back pain.

Technological Advancement to fuel market growth

Technological advancement in minimally invasive spine technologies has given positive impact on market growth. Advancement such as endoscope-assisted spinal surgery has offered innovative application of laparoscope for minimally invasive procedure and has become the important part of diagnostic procedure. Two and three-dimensional imaging system for navigation and employment of robotics technology in spine surgery has fueled the demand for Minimally Invasive Spine Technologies market growth.

Restrains:

However, lack of skilled professional and expensive equipment has hampered the demand for Minimally Invasive Spine Technologies market growth.

Access Crucial Insights at a Fraction of the Cost | Request Your Discount

Minimally Invasive Spine Technologies Market Segmentation

Minimally Invasive Spine Technologies Market Segmentation:

Minimally Invasive Spine Technologies Market is segmented based on Condition Type, End-Users and Region.

Condition Type Insight

On the basis of Condition Type, Minimally Invasive Spine Technologies Market is segmented into Spinal Tumor, Spinal Infection, Herniated Disc, Degenerative Disc Disease, Spinal Stenosis and Spinal Deformity. Degenerative Disc Disease condition is expected to dominate the target market growth as it has become more common disease condition in adults.

End-Users Insights

On the basis of End-Users, Minimally Invasive Spine Technologies Market is segmented into Hospitals, Orthopedic Clinics, Ambulatory Surgery Centers, and Others. Hospitals end-users segment is expected to dominate the target market growth because it deals with complete diagnosis and treatment by providing all facilities under one roof.

Minimally Invasive Spine Technologies Market Regional Insights:

On region the Minimally Invasive Spine Technologies 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 due to rising prevalence of spinal disorder, continuous technological development and adoption of minimally invasive procedures. For instance, according to PubMed Central, approx. 900,000 American adults undergo spine surgery per year.

Asia Pacific market is estimated to witness a fastest revenue share over the forecast period due to growing population, increased obesity and accidental fall cases. For instance, in 2012, according to PubMed Central, traumatic spinal cord injury incidence rate ranges from 12.06 to 61.6 per million. Men are at higher risk due to motor vehicle collisions and accidental falls which is further anticipated to increase demand for Minimally Invasive Spine Technologies in the region.

Reduce costs by up to 30% with a custom report tailored to your specific needs | Request Customized Report

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

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

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

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

Few Other Promising Reports:

Minimally Invasive Spine Technologies Market Key Players

The key players operating 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.

Recent Development:

   The New Launched Product News,

  •  In September 2021, Medtronic plc., expanded its minimally invasive spine surgery ecosystem with launch of next-generation spinal technologies to combine robotics, navigation, spinal implants, biologics and artificial intelligence (AI) data to patients and surgeons. The new launched portfolio are: Space-D Access System to enable all-in-one access for surgeons, Catalyft PL and PL40, AND Accelerate Graft Delivery System with Grafton DBF.

Strategic Acquisitions and Partnership News,

  •  In 2023, Alphatec Holdings Inc., (ATEC’s) acquired Navigation-enabled Robotics platform a REMI (Robotic-Enabled Minimally Invasive) system from Fusion Robotics, LLC., a medical technology company for $55 million of purchase. This acquisition has added all assets of Fusion Robotics to ATEC’s.

Minimally Invasive Spine Technologies Market Company Profile

  • AMS Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Johnson & Johnson
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Alphatec Holdings Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Medtronic plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Aurora Spine Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Boston Scientific Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • B. Braun SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Globus Medical Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ORTHOFIX MEDICAL INC.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • NuVasive Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

Minimally Invasive Spine Technologies Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Condition Type
      • Market Snippet, By End-Users
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Minimally Invasive Spine Technologies Market, By Condition Type, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Spinal Tumor
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Spinal Infection
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Herniated Disc
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Degenerative Disc Disease
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Spinal Stenosis
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Spinal Deformity
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Minimally Invasive Spine Technologies Market, By End-Users, Forecast Period up to 10 Years, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Segment Trends
    • Hospitals
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Orthopedic Clinics
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Ambulatory Surgery Centers
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  2. Minimally Invasive Spine Technologies Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Condition Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Condition Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Condition Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Condition Type, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Condition Type, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-Users, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis

FAQs

The Minimally Invasive Spine Technologies Market is segmented into Condition Type, End-Users and Region.

Minimally Invasive Spine Technologies Market is driven by factors like growing geriatric population and technological advancement.

By region, the Minimally Invasive Spine Technologies Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.

The key players operating 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.

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.