Global Minimal Invasive Spinal Devices Market research report published by Reports and Data provides a comprehensive overview of the Minimal Invasive Spinal Devices market and its economic landscape to offer insightful information pertaining to the current and future trends and demands in the market. The report is an all-inclusive document covering recent technological advancement, value chain analysis, volume and raw materials, and overall industry outlook. The report is equipped with an extensive analysis of trends that are expected to impact revenue growth of the market during the forecast period of 2021-2028. It also offers strategic recommendations to established players and novice players to overcome barriers and gain a robust footing in the market.
According to the World health Organization (WHO), each year, globally, around 250,000 and 500,000 individuals suffer a spinal cord injury. Preventable causes, including road traffic accidents, falls, or violence, are the major contributors to the spinal cord injury, and individual suffering from the condition are more likely to die prematurely as compared to healthy individuals, with low and middle-income economies having the worst survival rates.
Minimal Invasive Spinal Devices Market Size – USD 11.52 billion in 2018, Market Growth - CAGR of 3.5%, Market Trends – Increase in geriatric population
Key participants include:
M:edtronic, DePuy Synthes, Stryker, Zimmer Biomet, NuVasive Inc., Alphatec Spine Inc., Globus Medical, RTI Surgical Holdings Inc., Captiva Spine LLC, and Paragon Medical, among others.
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For the purpose of this report, Reports and Data have segmented the global Minimal Invasive Spinal Devices market on the basis of device type, disease type, surgery type, end-users, and region:
- Device Type Outlook (Revenue, USD Million; 2016-2027)
- Fusion Devices
- Non-Fusion Devices
- Spinal Electrical Simulation Devices
- Disease Type Outlook (Revenue, USD Million; 2016-2027)
- Degenerative Disc Disease
- Traumas & Fractures
- Complex Deformity
- Others
- Surgery Type Outlook (Revenue, USD Million; 2016-2027)
- Open Surgery
- Minimally Invasive Surgery
- End-Users Outlook (Revenue, USD Million; 2016-2027)
- Hospitals
- Clinics
- Ambulatory Surgical Centers
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- Key Questions Answered by Minimal Invasive Spinal Devices Market Report
- What was the Minimal Invasive Spinal Devices Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
- What will be the CAGR of 10% Market during the forecast period (2021-2027)?
- Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
- Which manufacturer/vendor/players in the Minimal Invasive Spinal Devices Market was the market leader in 2020?
- Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
- Further key findings from the report suggest
- By device type, fusion devices contribution to the largest market share in 2018. Spinal fusion procedure is usually done for the treatment of spinal disorders, such as degenerative, deformity, traumatic, and tumor, among others.
- By surgery type, open surgery dominated the market share in 2018 and is likely to grow at a rate of 2.2% in the forecast period. Open surgery gives the visual information essential to diagnose a condition accurately. Also, some kinds of surgeries need access to larger areas to insert materials like in the case of an aortic aneurysm repair when a stent cannot be placed.
- By end-users, hospitals held the largest market share in 2018 and is expected to grow at a rate of 3.2% in the forecast period. The factors including well-resourced operating & diagnostic rooms, higher purchasing power, existence of highly skilled healthcare professionals, and improved health coverage for hospital-based healthcare services from several private and group insurance plans, among others, are responsible for the high market share of hospitals.
- The market in the Asia Pacific region is likely to grow at the fastest rate of 4.7% in the period 2019-2027, due to the improving healthcare infrastructure, rising investments in diagnostic imaging, and better reimbursement scenario.
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