Minimally Invasive Spine Surgery Market Expected to See Prominent Growth (2024-2031) | Zimmer Biomet, DePuy Synthes, Stryker & Medtronic.

The Global Minimally Invasive Spine Surgery Market reached USD 2,679.8 million in 2022 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.

Minimally Invasive Spine Surgery Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Minimally invasive spine surgery (MISS) involves advanced surgical techniques that reduce tissue damage, blood loss, and recovery time compared to traditional open spine surgery. Procedures such as microdiscectomy and spinal fusion use small incisions and specialized instruments to treat conditions like herniated discs and spinal stenosis. MISS offers benefits such as reduced hospital stays, lower infection risks, and quicker rehabilitation. Advancements in robotic-assisted surgery and imaging technologies are further improving outcomes. The growing prevalence of spinal disorders is fueling the demand for MISS.

List of the Key Players in the Minimally Invasive Spine Surgery Market:

Zimmer Biomet, DePuy Synthes (Johnson & Johnson), Stryker, Medtronic, Aesculap, Inc. (B. Braun Company), Alliance Spine, NuVasive Inc., Bioventus, Integra LifeSciences, and Globus Medical.

Industry 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 US Food and Drug Administration. This innovative treatment aims to address advancing scoliosis in young patients while preserving motion, stability, and allowing for future controlled growth.

Market Dynamics:

The growing demand for minimally invasive surgeries among healthcare professionals and patients is expected to drive market growth over the forecast period. The increasing adoption of minimally invasive procedures in spine surgery is fueling the need for treatments addressing spinal, orthopedic, and neurological conditions. These procedures require specialized implants and instruments, allowing for smaller incisions, reduced bleeding risks, shorter hospital stays, and faster recovery times. Additionally, the use of small incisions minimizes scarring, enhancing patient satisfaction with their overall spine surgery experience.

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Growth Forecast Projected:

The Global Minimally Invasive Spine Surgery Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Minimally Invasive Spine Surgery Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Minimally Invasive Spine Surgery Market:

By Product Type: Instrumentation, Devices

By Application: Non-fusion Surgery, Fusion Surgery

By End-user: Hospitals, Ambulatory Surgical Centers, Others

Regional Analysis for Minimally Invasive Spine Surgery Market:

The regional analysis of the Minimally Invasive Spine Surgery Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Minimally Invasive Spine Surgery market?

➠ Who are the leading manufacturers in the global Minimally Invasive Spine Surgery industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Minimally Invasive Spine Surgery industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Minimally Invasive Spine Surgery market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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