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XLIF Surgery Market (COVID-19 Impact Analysis) - Size, Share, Trends, Profitable Segments Breakdown and Detailed Analysis of Current and Future Industry Figures till 2026
XLIF Surgery Market
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Market Analysis: Global XLIF Surgery Market
Global XLIF surgery market is expected to rise to an estimated value of USD 2.86 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the technological advancement in spinal surgeries along with the increased application areas of XLIF surgeries.
Key Market Competitors:
Few of the major competitors currently working in the global XLIF surgery market are DePuy Synthes; Spine Wave, Inc.; Tyber Medical LLC; Zimmer Biomet; K2M, Inc.; RTI Surgical Holdings, Inc.; Titan Spine, Inc.; OsteoMed and NuVasive, Inc.
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Market Definition: Global XLIF Surgery Market
XLIF (Extreme Lateral Interbody Fusion) surgery is a specified medical procedure that is minimally-invasive and designed for treating back or leg pain. This pain is generally due to the degeneration of discs of the spine. This procedure involves patients on their sides which help surgeons gain access to each individual discs of the patient and treat the disorders, whilst avoiding any muscle or tissue.
Segmentation: Global XLIF Surgery Market
XLIF Surgery Market : By Product
XLIF Interbody Cages
XLIF Interbody Fusion Systems
XLIF Surgery Market : By End-User
Hospitals
Spinal Surgery Centers
Others
XLIF Surgery Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Developments in the XLIF Surgery Market :
In April 2019, NuVasive, Inc. announced that their proprietary XLIF surgery products termed as “Cohere XLIF” which is designed for XLIF and lateral single-position surgery is an innovative pioneer in Porous PEEK implants offerings. Further innovations and advancements are ongoing as the company looks to incorporate “Porous PEEk” technology in their product offerings.
In April 2019, NuVasive, Inc. announced the commercialization and first-usage of their proprietary “Advanced Materials Science” implant portfolio’s “Cohere XLIF consisting of the company’s innovative “Porous PEEK” technology. The transition from existing offerings has been smooth from “PEEK” to “Cohere XLIF” with further innovations and expanded product offerings expected.
In March 2019, RTI Surgical Holdings, Inc. announced that they had completed the acquisition of Paradigm Spine, LLC along with its major product offering; “Coflex Interlaminar Stabilization” device. This acquisition is an expansion of the growth strategy devised by RTI Surgical Holdings, Inc. keeping in mind the growing need for effective spinal implants solutions and product offerings.
XLIF Surgery Market Drivers:
Growth in the number of minimally invasive procedures carried out worldwide; this factor is expected to fuel the growth of the market
Higher prevalence of patients suffering from spinal disorders is expected to boost the growth of the market
Greater volume of population belonging to geriatric group who are more prone to suffer from various spinal disorders; this factor is expected to propel the growth of the market
XLIF Surgery Market Restraints:
Greater capital expenditure required for these procedures; this factor is expected to restrict the growth of the market
Strict levels of regulatory procedure and compliances for product approvals is expected to hinder the growth of the market
Reasons to Purchase this Report:
Current and future of global XLIF surgery market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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