Minimally Invasive Spinal Devices Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033

Minimally Invasive Spinal Devices Market Overview

The Minimally Invasive Spinal Devices market size was valued at $991.1 Million in 2023 and is expected to grow at a CAGR of more than 6% during 2023-2033. Minimal Invasive Spine Surgery, also known as Minimal Access Spine Surgery or Endoscopic Spine Surgery is performed to stabilize the vertebral bones and joints and/or to relieve the pressure being applied on the spinal nerves; often a result of various conditions such as degenerative disc disease, Spinal stenosis, Spine deformity, herniated disc, spinal infections, and spinal instability.

Minimally Invasive Spinal Devices Market Outlook, 2023-2033 ($ Million)

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The Minimally Invasive Spinal Devices market research report explains the market behavior, which will help identify quantitative market trends within the Orthopedic Devices therapeutic area. The model discusses in detail the impact of COVID-19 on the Minimally Invasive Spinal Devices market for the year 2020 and beyond. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies.

Minimally Invasive Spinal Devices Market Dynamics

The growing aging population is contributing to the increased prevalence of osteoarthritis (OA), rheumatoid arthritis (RA), osteoporosis, and degenerative spinal disorders globally. The unprecedented increase in the global aging population is a highly foreseeable long-term trend and is expected to result in a dramatic increase in orthopedic injury and disease, leading to a larger patient pool for joint reconstruction, spine, and trauma procedures.

Minimally Invasive Spinal Devices Market Segments

The Minimally Invasive Spinal Devices market primarily consists of cannulated screws interbody cages, non-cannulated screws, and rods. Cannulated screws led the Minimally Invasive Spinal Devices market in 2023.

Cannulated Screws comprise a central hollow shaft and are used in the fixation of bone and joint breaks and to secure artificial implants such as bone grafts. The hollow shaft allows the screw to advance over a guide wire (usually Kirschner (“K”) wires) or a guide pin and helps in the precise placement of the screw. One unit comprises one Cannulated Screw.

Minimally Invasive Spinal Devices Market Analysis by Segments, 2023 (%)

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Minimally Invasive Spinal Devices Market Segmentation by Regions

The key regions in the Minimally Invasive Spinal Devices market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. North America led the market in 2023.

GlobalData expects that the US, Canada, and Mexico will experience strong growth in the number of MIS procedures performed in the forecast period. Procedures growth will be attributed to the growing aging population and the associated indications. The US and Canada both have large elderly populations, with approximately 35% and 40% of their respective inhabitants being aged 50 years or older. Improving research on robotics and reimbursements offered for spinal surgeries will help the market to grow.

Minimally Invasive Spinal Devices Market Analysis by Regions, 2023 (%)

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Minimally Invasive Spinal Devices Market - Competitive Landscape

A few of the leading companies in the Minimally Invasive Spinal Devices market are Medtronic Plc, DePuy Synthes Inc, Stryker Corp, Globus Medical Inc, and ZimVie Inc among others. Medtronic Plc held the largest share of the Minimally Invasive Spinal Devices market in 2023.

Minimally Invasive Spinal Devices Market Analysis by Companies, 2023 (%)

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Segments Covered in the Report

Minimally Invasive Spinal Devices Segments Outlook (Value, $ Million, 2015-2033)

• Cannulated Screws
• Interbody Cages
• Non-Cannulated Screws
• Rods

Minimally Invasive Spinal Devices Regional Outlook (Value, $ Million, 2015-2033)

• North America
• Europe
• Asia Pacific
• South Central America
• Middle East and Africa

Scope

This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for –

• CMO executives who must have a deep understanding of the Minimally Invasive Spinal Devices marketplace to make strategic planning and investment decisions.
• Sourcing and procurement executives who must understand crucial components of the supply base to make decisions about supplier selection and management.
• Private equity investors need a deeper understanding of the market to identify and value potential investment targets.

Reasons to Buy

The model will enable you to –

• Understand the impact of COVID-19 on the Minimally Invasive Spinal Devices market.
• Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
• Develop business strategies by understanding the trends shaping and driving the Minimally Invasive Spinal Devices market.
• Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the Minimally Invasive Spinal Devices market in the future.
• Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
• Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
• Track device sales in the global and country-specific Minimally Invasive Spinal Devices from 2015-2033.
• Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.