Press release
Minimally Invasive Spine Surgery Market Forecasted to Reach USD 4,164.4 Million by 2031 | Zimmer Biomet, DePuy Synthes (Johnson & Johnson), Stryker.
Minimally Invasive Spine Surgery Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Minimally Invasive Spine Surgery market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global Minimally Invasive Spine Surgery Market reached USD 2,679.8 million in 2023 and is expected to reach USD 4,164.4 million by 2031, and is expected to grow with a CAGR of 5.8% during the forecast period 2024-2031.
What is Minimally Invasive Spine Surgery Market?
The minimally invasive spine surgery (MISS) market focuses on advanced surgical techniques that allow for spinal procedures with reduced trauma to surrounding tissues, resulting in faster recovery times and less postoperative pain compared to traditional open surgeries. MISS encompasses a range of procedures, including discectomy, spinal fusion, and vertebroplasty, making it a preferred option for many patients with spinal disorders. The market is driven by the increasing prevalence of spinal conditions, technological advancements in surgical tools and imaging techniques, and growing patient demand for less invasive treatment options.
Who are the major players in the Minimally Invasive Spine Surgery market?
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world. The prominent players in Minimally Invasive Spine Surgery market research report are: Zimmer Biomet, DePuy Synthes (Johnson & Johnson), Stryker, Medtronic, Aesculap, Inc. (B. Braun Company), Alliance Spine, NuVasive Inc., Bioventus, Integra LifeSciences, and Globus Medical among others.
Key Development
On May 15, 2023, Globus Medical, Inc., a prominent provider of musculoskeletal solutions, announced that its first humanitarian device, the REFLECT Scoliosis Correction System, received approval from the U.S. Food and Drug Administration (FDA). This system is designed to treat young patients with advancing scoliosis, aiming to maintain motion and stability while allowing for future controlled growth.
On October 20, 2022, Johnson & Johnson's orthopedics business, DePuy Synthes, also received 510(k) clearance from the FDA for its TELIGEN System. This combined technology platform facilitates minimally invasive surgery for transforaminal lumbar interbody fusion (MIS-TLIF) treatments, utilizing digital tools for imaging and access, as announced by Johnson & Johnson MedTech.
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Regions Covered:
The global Minimally Invasive Spine Surgery Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
Market Segments
By Product Type: Instrumentation, Devices.
By Application: Non-fusion Surgery, Fusion Surgery.
By End-user: Hospitals, Ambulatory Surgical Centers, Others.
The Minimally Invasive Spine Surgery industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Key Features
➥ Leverage epidemiology insights to tailor precision diagnostics and address region-specific needs.
➥ Meet critical unmet needs in complex conditions with advanced, precise Minimally Invasive Spine Surgery industry solutions for better diagnostics and outcomes.
➥ Stay ahead with real-time pipeline analysis, revealing the latest Minimally Invasive Spine Surgery innovations and market trends.
➥ Optimize your offerings with competitive pricing analysis, balancing cost-effectiveness and cutting-edge tech.
➥ Protect your innovation with expert patent analysis, ensuring strategic positioning in the Minimally Invasive Spine Surgery market.
➥ Gain an edge with comprehensive competitive intelligence, guiding informed decisions in Minimally Invasive Spine Surgery
➥ Maximize market presence with brand share analysis, strengthening your position in the Minimally Invasive Spine Surgery landscape.
➥ Accurately predict market demand for Minimally Invasive Spine Surgery with precise drug sales forecasting insights.
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FAQs
What does the Minimally Invasive Spine Surgery market report provide?
The report provides a detailed analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Active, Innovators, Start-ups, and Cutting Edge) that are anticipated to influence its future growth trajectory.
What is the scope of the market report?
The market report covers regional analysis and provides detailed insights into the Minimally Invasive Spine Surgery market including market size, segmentation, and key players.
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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