Minimally Invasive Spine Technologies Market Projected to High Steadily During 2016-2026
Minimally Invasive Spine Technologies Market: Drivers and Restraints
The global market for minimally invasive spine technologies market is expected to be driven by the fewer incisions on the body, increase in aging population and increase in back pain population. According to British Orthopaedic Association, around 70,000 procedures are done for low back pain in England in 2010-2011, among them 67,000 procedures are facet joint injections. Growing interest towards the minimally invasive procedures will boost the market over the forecast period 2016-2026. Decrease in reimbursements for minimally invasive spine procedures over open spine procedure might hinder the growth of this market during the forecast period.
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Minimally Invasive Spine Technologies Market: Segmentation
The global minimally invasive spine technologies market is classified on the basis of technique type, end user, and geography.
Based on technique type, the minimally invasive spine technologies market is segmented into the following:
Percutaneous Pedicle Screw-Rod Fixation
Translaminar and Transfacet Screws
Based on treatment, the minimally invasive spine technologies market is segmented into the following:
Degenerative disc disease
Lumbar spinal stenosis
Spinal deformities such as scoliosis
Spinal infections and instability
Based on end user, the minimally invasive spine technologies market is segmented into the following:
Ambulatory Surgical Centers
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Minimally Invasive Spine Technologies Market: Overview
Less invasiveness and new products that are improving the quality of life would increase growth opportunities for the minimally invasive spine technologies market. Earlier, the majority of minimally invasive spine surgeries in Hospitals and Orthopedic Clinics. However, patients are increasing over the years to conduct minimal invasive spine procedures in ambulatory surgical centers. The increase in degenerative spinal disorders over the years are also boosting the growth of this market over the forecast period.
Minimally Invasive Spine Technologies Market: Regional Overview
Region-wise, the minimally invasive spine technologies market is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America dominated the global market for minimally invasive spine technologies due to increasing in spinal procedures at ambulatory surgical centers, and new products launches are boosting the growth of this market over the forecast period.
Minimally Invasive Spine Technologies Market: Players
Some of the players in minimally invasive spine technologies market include NuVasive, Medtronic, DePuy Synthes, Globus Medical and Stryker Corporation.
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