Minimally Invasive Spine Surgery Market Size, Share, Trends, Growth 2032

Minimally Invasive Spine Surgery Industry Prospective:

The global minimally invasive spine surgery market size was evaluated at $2.5 billion in 2023 and is slated to hit $4.5 billion by the end of 2032 with a CAGR of nearly 7.2% between 2024 and 2032.

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Minimally Invasive Spine Surgery Market: Overview

Minimally invasive spine surgery is a modern surgical approach designed to treat a spectrum of spinal conditions with lesser trauma to tissues & muscles in the vicinity of the spine. Reportedly, this procedure makes use of small incisions in comparison to conventional open surgeries. This, in turn, results in reduced post-operative pain, swift recovery time, and lesser stays in hospitals.

Key Insights

• As per the analysis shared by our research analyst, the global minimally invasive spine surgery market is projected to expand annually at the annual growth rate of around 7.2% over the forecast timespan (2024-2032)
• In terms of revenue, the global minimally invasive spine surgery market size was evaluated at nearly $2.5 billion in 2023 and is expected to reach $4.5 billion by 2032.
• The global minimally invasive spine surgery market is anticipated to grow rapidly over the forecast timeline owing to an increase in the geriatric population prone to spinal diseases such as spinal stenosis and degenerative disc disorders.
• In terms of product, the implants & instrumentation segment is slated to dominate the segmental space over forecast period.
• Based on application, the fusion surgery segment is predicted to dominate the global industry surge in the ensuing years.
• Based on treatment, the lumber disc herniation segment is projected to record fastest CAGR over 2024-2032.
• Region-wise, the European minimally invasive spine surgery industry is projected to register the fastest CAGR during the assessment timespan.

Minimally Invasive Spine Surgery Market: Growth Factors

A surge in the elderly populace susceptible to chronic ailments to boost global market trends

An increase in the geriatric population prone to spinal diseases such as spinal stenosis and degenerative disc disorders is likely to augment the expansion of the global minimally invasive spine surgery market. Apart from this, constant breakthroughs in surgical equipment and imaging methods, as well as minimally invasive approaches, are projected to expand the scope of the global market.

Moreover, growing patient preference for fast recovery time, lesser pain, and smaller scars is projected to pave the way for humungous growth of the market globally. In addition, minimally invasive spine surgeries can be performed in outpatient settings, which helps reduce patient treatment costs and hospital stays. In addition to this, hospitals & clinics are focusing more on patient care, thereby steering the global market trends.

Minimally Invasive Spine Surgery Market: Restraints

Escalating healthcare costs to obstruct the global industry progress over the forecast period

Surging healthcare prices and a lack of healthcare compensation policies for minimally invasive procedures can obstruct the growth of the global minimally invasive spine surgery industry. Furthermore, minimally invasive spine surgery does not suit all patients, and they may need open surgery of the conventional type. This aspect can put brakes on the proliferation of the industry growth across the globe.

Minimally Invasive Spine Surgery Market: Opportunities

Favorable legislation to generate new growth avenues for the global market over 2024-2025

Integration of new technologies, including AI, imaging tools, and robotics, with minimally invasive procedures is likely to create new facets of growth for the minimally invasive spine surgery market globally.

Moreover, supportive government laws and favorable healthcare guidelines are anticipated to pave the way for the expansion of the market across the globe. Swift urbanization and healthcare infrastructural growth will define the global market expansion.

Minimally Invasive Spine Surgery Market: Challenges

Disruptions in supply chain activities are anticipated to challenge the global industry surge by 2032

Restricted access to new surgical systems & equipment used for performing minimally invasive procedures in small healthcare units is likely to challenge the expansion of the global minimally invasive spine surgery industry. Supply chain oscillations have resulted in delays in performing these surgeries, thereby impacting patient care. This, in turn, can inhibit the global industry surge.

Minimally Invasive Spine Surgery Market: Report Scope

Minimally Invasive Spine Surgery Market: Segmentation

The global minimally invasive spine surgery market is divided into product, application, treatment, and region.              

In terms of product, the minimally invasive spine surgery market across the globe is segmented into implants & instrumentation and biomaterials segments. The implants & instrumentation segment is likely to be the leading segment during the forecast timespan. The rapid growth of this segment can be owing to the huge demand for implants & instrumentation for performing minimally invasive spine surgeries.

Furthermore, technological upgrades in implant design & materials have resulted in enhanced biocompatibility, stability, and positive clinical results. This, in turn, will prompt the segmental expansion in the coming eight years.  

On the basis of application, the global minimally invasive spine surgery industry is bifurcated into fusion surgery and non-fusion surgery segments. Furthermore, the fusion surgery segment is likely to dominate the growth of the global industry in the coming eight years. The key factors driving the growth of the segment can be a result of the surging occurrence of chronic conditions such as spinal stenosis and degenerative disc disorders requiring spinal fusion surgery for stabilizing the spine in the elderly populace.

On the basis of treatment, the global minimally invasive spine surgery industry is bifurcated into spinal stenosis, lumber disc herniation, degenerative disc disease, and thoracic disc herniation segments.

Moreover, the lumber disc herniation segment is likely to record the fastest growth rate over 2024-2032 owing to the surging occurrence of lumber disc herniation, which is the most common spinal condition occurring in the aging population. For the record, a large number of patients suffering from the disorder are treated with nucleoplasty & percutaneous discectomy.

Minimally Invasive Spine Surgery Market: Regional Insights

North America is projected to maintain a leading position in the global market over the analysis timeline

North America, which contributed approximately 59% of the global minimally invasive spine surgery market earnings in 2023, is expected to maintain a dominant position in the next few years. Apparently, a humungous growth of the market in North America over the forecast timespan can be due to the presence of a strong healthcare infrastructure along with the availability of skilled surgeons in countries such as the U.S.

Additionally, the surging occurrence of spinal ailments in geriatric population is expected to boost the regional market trends. Presence of key medical equipment manufacturers in the region will steer the market size in the North American sub-continent.  

The European minimally invasive spine surgery industry is set to record the highest CAGR in the forecast period. The industry expansion in the continent can be attributed to constant breakthroughs in surgical instrumentation, minimally invasive procedures, and imaging procedures. Favorable compensation policies and a focus on patient care will embellish the growth of the industry in Europe.  

Minimally Invasive Spine Surgery Market: Competitive Space

The global minimally invasive spine surgery market profiles key players such as:

• Zimmer Biomet Holdings Inc.
• Amedica Corporation
• Captiva Spine Inc.
• Medtronic plc
• Johnson & Johnson
• RIWOspine GmbH
• NuVasive Inc.
• Life Spine Inc.
• Boston Scientific Corporation
• Stryker Corporation
• Alphatec Holdings
• Globus Medical Inc.
• Aesculap Inc.
• SeaSpine

The global minimally invasive spine surgery market is segmented as follows:

By Product

• Implants & Instrumentation
• Biomaterials

By Application

• Fusion Surgery
• Non-Fusion Surgery

By Treatment

• Spinal Stenosis
• Lumber Disc Herniation
• Degenerative Disc Disease
• Thoracic Disc Herniation

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa