Minimally Invasive Spine Surgery Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Minimally Invasive Spine Surgery Market is segmented By Product Type (Instrumentation, Devices), By Application (Non-fusion Surgery, Fusion Surgery), By End-user (Hospitals, Ambulatory Surgical Centers, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Minimally Invasive Spine Surgery Market Size

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. The minimally invasive spine surgery market trends show rising clinical trials, owing to the rising prevalence of spinal disorders and increasing research and development.

In contrast to traditional spinal surgery, requiring many skin incisions across the center of the back or muscle retraction, minimally invasive spinal surgery makes use of much smaller cameras and skin incisions. According to a Texas Spine Center, Over 90% of minimally invasive spine surgeries are successful on average. Even though this is a little lower than the median success rate for open spinal surgery (95%), most people will agree that the minimally invasive technique is far superior when considering all of its advantages.

Furthermore, the numerous advantages, together with rising demand for spine treatment at the point of care, are driving up the minimally invasive spine surgery market size. Due to the expansion of research in these fields, the market is seeing an increase in demand from North American regions. With significant competitors like Medtronic, Alliance Spine, Stryker, and others actively operating in the market, the competitive struggle is escalating the minimally invasive spine surgery market growth.

Minimally Invasive Spine Surgery Market Scope

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Minimally Invasive Spine Surgery Market Dynamics

The Rise in the Demand for Minimally Invasive Surgeries Drives The Growth Of The Minimally Invasive Spine Surgery Market.

The rising demand for minimally invasive surgeries by healthcare experts as well as patients in the healthcare industry are anticipated to accelerate the market's growth over the forecast period. The increased usage of minimally invasive procedures in the minimally invasive spine surgery market continues to fuel the need for treating a variety of ailments, such as spinal, orthopedic, and neurological diseases. 

Various implants or instruments are required for minimally invasive procedures, which are carried out with a small incision, minimize the risk of bleeding, need less time in the hospital after surgery, and facilitate a quicker recovery. The application of small incisions can also significantly lower the likelihood of scarring, which can help patients be more satisfied with their entire spine surgery experience.

Rising Technological Advancements and Clinical Trials Create Lucrative Opportunities  For Manufacturers. 

There is a growing minimally invasive spine surgery market opportunity owing to rising novel treatments owing to the increasing research and development. The rising number of advancements by major key players is also a minimally invasive spine surgery market trend driving the market. Without lumbar stenosis on spine fusion surgery, the TOPS System can treat lumbar spondylolisthesis and stenosis. 

For patients with severe degenerative spondylolisthesis, spinal stenosis, and other spinal disorders, the TOPS device offers an alternative to conventional fusion surgery. The TOPS System is used by a lot of individuals since it keeps mobility and stability intact. Similar to decompression, the surgeon eliminates the bones that are pressing on the nerves during the treatment. To restore a more regulated range of motion inside the lumbar spine, the TOPS System is then implanted into the region.

The Complications Associated with Minimally Invasive Procedures Will Hamper The Growth Of The Market. 

The complications linked with the treatment, however, are limiting the expansion of the global industry. Complications like insufficient decompression, post-operative neurologic deficits, and graft subsidence, have been documented. According to a study that utilized intra-operative CT myelograms to evaluate the effectiveness of indirect neural decompression along with LLIF, adequate decompression was not attained in about 1/5 of the levels operated. 

The High Cost of Minimally Invasive Surgical Procedures Will Hamper The Growth Of The Market

One of its limiting issues continues to be the price of navigation systems. The additional initial cost can be offset by improved precision, decreased need for monitoring and reoperations, and decreased radiation exposure. The expense of robotic spine surgery continues to be an issue since, while precision is more expensive than free hand PS insertion and the extra benefit of robotics is currently limited, it is at most equivalent to computer-supported navigation.  

Minimally Invasive Spine Surgery Market Segment Analysis

The global minimally invasive spine surgery market is segmented based on product type, application, end user and region.

Owing to Adoption, The Devices Segment Accounted For Approximately 58.3% Of The Minimally Invasive Spine Surgery Market Share In 2022.

The market for minimally invasive spine surgery was led by the devices segment, and this trend is expected to continue over the projected period (2023-2030). Screws, plates, rods, and cages are some examples of useful devices that are sometimes implanted into the spinal region using a minimally invasive technique. For spinal fusion procedures, fusion implants are utilized. Fusion implants are available in a number of different forms, sizes, and materials, such as titanium or carbon fiber. Artificial discs, spinal cord stimulation and expandable rods are examples of non-fusion spine implants.

The goal is to create a device and related equipment that can be implanted with the smallest incision possible. The device must still be able to withstand the physiological demands being delivered to it, just like a similar device that may have been inserted using a normal or open method. The implant is frequently identical to the regular or minimally invasive implant. Even stranger, a brand-new implant may be created.

Source: DataM Intelligence Analysis (2023)

Minimally Invasive Spine Surgery Market Geographical Share

North America Accounted For Approximately 44.1% Of The Market Share In 2022, Owing To The Strong Presence Of Major Players And Increasing Healthcare Infrastructure Investment.

Due to the rising need for minimally invasive spine surgery for treatment purposes in healthcare, manufacturers in North America have a chance of increasing their operations. There are many producers and suppliers in North America and owing to the quick economic growth of the region has expanded, driving the demand for minimally invasive spine surgery. Increasing expenditure on healthcare and rising awareness among people and advancement of technologies for treatment, across the region are also contributing to the growth of minimally invasive spine surgery market share of this region. 

The primary healthcare organizations and businesses' joint research endeavors as well as new product development that continuously aims to enhance available treatment options are also expected to contribute to the rising demand. Individuals are becoming more aware of various latest products that are developed leading to the expansion of the market in this region. The above-mentioned factors further prove North America's dominance on a global scale.

Source: DataM Intelligence Analysis (2023)

Minimally Invasive Spine Surgery Market Companies

The major global players in the minimally invasive spine surgery market include 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. 

Russia Ukraine Conflict Analysis

The Russia-Ukraine conflict is estimated to have a low impact on the global minimally invasive spine surgery market, owing to the low prevalence and absence of key market players in this region. However, the impact of the import and export of raw materials is expected to have little influence over the global minimally invasive spine surgery market growth over the forecast period.

Key Developments

• On May 15, 2023, the company's first humanitarian device, the REFLECT Scoliosis Correction System, received US Food and Drug Administration approval, according to Globus Medical, Inc., a leading provider of musculoskeletal solutions. The treatment of young patients with advancing scoliosis using REFLECT aims to maintain motion, stability, and allow for future controlled growth. 
• On October 20, 2022, the orthopedics business of Johnson & Johnson, DePuy Synthes received 510(k) clearance from the FDA for its TELIGEN System, a combined technology platform which facilitates minimally invasive surgery for transforaminal lumbar interbody fusion (MIS-TLIF) treatments via digital tools for imagining and access, according to a Johnson & Johnson MedTech announcement. 
• On March 13, 2023, extreme lateral interbody fusion (XLIF), a lateral lumbar treatment, reached a 20-year milestone, according to NuVasive, Inc., the pioneer in spinal technology innovation, which is dedicated to revolutionizing spine surgery with minimal disruption, procedural integrated solutions. It has been demonstrated that XLIF reduces operating time, blood loss throughout surgery, incision size, the duration of hospital stay, postoperative discomfort, and postoperative time for recovery.  

Why Purchase the Report?

• To visualize the global minimally invasive spine surgery market segmentation based on product type, application, end user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of minimally invasive spine surgery market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global minimally invasive spine surgery market report would provide approximately 53 tables, 54 figures and 195 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies