Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 13.37 Billion | USD 111.72 Billion | 26.6% | 2023 |
According to the report published by Zion Market Research, the global Disposable Spinal Instruments Market size was valued at USD 13.37 Billion in 2023 and is predicted to reach USD 111.72 Billion by the end of 2032. The market is expected to grow with a CAGR of 26.6% during the forecast period. The report analyzes the global Disposable Spinal Instruments Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in theDisposable Spinal Instruments industry.
Since the last few years, with the use of disposable spinal instruments, spinal surgeries have become more amenable, efficient, and minimally invasive. These instruments are single-use instruments. They do not require any sterilization process thereby reducing the cost associated with autoclaving procedures. The disposable spinal instruments are considered to be a better alternative over reusable spinal instruments as there is a lower risk of infection and cross-infection. The disposable spinal instruments improve patient care, clinical management, and control infections. The use of disposable spinal instruments has become a new trend in the healthcare sector and healthcare professionals are swapping from reusable spinal instruments to disposable spinal instruments.
The rising number of spinal surgeries, hidden costs of reusable instruments, and the growing number of ambulatory surgical centers facilitating spinal surgeries are some of the major factors that are driving the growth of the global disposable spinal instruments market. Additionally, there is a considerable rise in hospital-acquired infections. As per the data provided by AHRQ, over 10 million people undergo inpatient surgical procedures, neurosurgical procedures being one of them. Surgical site infections have been a primary cause of mortality and morbidity after surgery. To reduce such a burden of hospital-acquired infections, the use of disposable spinal instruments helps in preventing post-operative infections that are caused by cross-contamination of the instruments.
Hence, most hospitals are switching towards the use of disposable spinal instruments thereby fuelling the growth of the global disposable spinal instruments market. Moreover, there is a rise in demand for disposable spinal instruments as they are sterile, simple, and reduces the operational & financial burden, thereby contributing to the growth of the market. In addition to this, growing awareness among the patients regarding hygiene and the initiatives taken by the government to use disposable spinal instruments are some of the factors that are spurring the growth of the market. Furthermore, developments in robust surgical treatments and ergonomic will create good opportunities for the growth of the global disposable spinal instruments market during the forecast period. However, a huge amount of biomedical waste is been generated by disposable spinal instruments which need to be discarded as per the rules and that may hinder the growth of the global spinal instruments market.
All the specialty practices in medicine are been severely hit by the covid-19 pandemic and spinal surgery is not an exemption for it. Due to the rules & regulations of social distancing and strict lockdown, outpatient care is been steadily shifted to online consultation and telehealth hereby avoiding physical visits. The majority of healthcare professionals are been involved in the care and treatment of covid-19 patients. The non-emergency surgeries are been delayed. Thus, with the decline in the patient pool to the hospitals & clinics and delay in the spinal surgeries, there is a negative impact on the market. On the other hand, as the covid-19 pandemic is continuing to unfold, the healthcare sector is adopting new tools and procedures to reduce the risk factors related to coronavirus disease as well as hospital-acquired infections. To implement this, disposable instruments are been used. Thus, there is an upsurge in the growth of the global disposable spinal instruments market.
The global disposable spinal instruments market is bifurcated based on product type, procedure, end-user, and region.
The product type segment is -divided into instrument kits and systems.
Furthermore, the procedure segment is divided into spinal fusion and decompression surgeries.
The end-user segment is split into hospitals, ambulatory surgical centers, and orthopedic clinics.
Report Attributes | Report Details |
---|---|
Report Name | Disposable Spinal Instruments Market |
Market Size in 2023 | USD 13.37 Billion |
Market Forecast in 2032 | USD 111.72 Billion |
Growth Rate | CAGR of 26.6% |
Number of Pages | 199 |
Key Companies Covered | Paradigm Spine LLC, Xenco Medical, Safe Orthopaedics, ECA Medical Instruments, Providence Medical Technology Inc., Kapp Surgical Instrument Inc., Teleflex Medical, TeDan Surgical Innovations, Intelligent Implant Systems, and joimax GmBH |
Segments Covered | By product type, By procedure, By end-user and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America and Europe are expected to hold a major share of the global disposable spinal instruments market. Factors such as the growing demand for advanced medical instruments, strong reimbursement policies, and the rising shift toward one time used/disposable instrument for better patient care is fueling the market growth in these regions. However, Asia Pacific region is expected to register rapid growth in the global disposable spinal instruments market over the forecast period.
Global Disposable Spinal Instruments Market: Competitive Players
are some of the prominent players in the global disposable spinal instruments market.
The Global Disposable Spinal Instruments Market is segmented as follows:
By product type
By procedure
By end-user
FrequentlyAsked Questions
The rising number of spinal surgeries, hidden costs of reusable instruments, and the growing number of ambulatory surgical centers facilitating spinal surgeries are some of the major factors that are driving the growth of the global disposable spinal instruments market. Additionally, there is a considerable rise in hospital-acquired infections. As per the data provided by AHRQ, over 10 million people undergo inpatient surgical procedures, neurosurgical procedures being one of them. Surgical site infections have been a primary cause of mortality and morbidity after surgery. To reduce such a burden of hospital-acquired infections, the use of disposable spinal instruments helps in preventing post-operative infections that are caused by cross-contamination of the instruments. Hence, most hospitals are switching towards the use of disposable spinal instruments thereby fuelling the growth of the global disposable spinal instruments market. Moreover, there is a rise in demand for disposable spinal instruments as they are sterile, simple, and reduces the operational and financial burden, thereby contributing to the growth of the market. In addition to this, growing awareness among the patients regarding hygiene and the initiatives taken by the government to use disposable spinal instruments are some of the factors that are spurring the growth of the market. Furthermore, developments in robust surgical treatments and ergonomic will create good opportunities for the growth of the global disposable spinal instruments market during the forecast period.
Paradigm Spine LLC, Xenco Medical, Safe Orthopaedics, ECA Medical Instruments, Providence Medical Technology Inc., Kapp Surgical Instrument Inc., Teleflex Medical, TeDan Surgical Innovations, Intelligent Implant Systems, and joimax GmBH are some of the prominent players in the global disposable spinal instruments market.
North America & Europe are expected to hold a major share of the global disposable spinal instruments market. Factors such as the growing demand for advanced medical instruments, strong reimbursement policies, and the rising shift towards one time used/disposable instrument for better patient care is fueling the market growth in these regions.
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