Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.5 Billion | USD 4.5 Billion | 7.2% | 2023 |
FrequentlyAsked Questions
Minimally invasive spine surgery is a modern surgical approach designed for treating a spectrum of spinal conditions with lesser trauma to tissues & muscles in the vicinity of the spine.
The global minimally invasive spine surgery market will grow over the forecast period due to growing patient preference for fast recovery time, lesser pain, and smaller scars.
According to a study, the global minimally invasive spine surgery industry size was $2.5 billion in 2023 and is projected to reach $4.5 billion by the end of 2032.
The global minimally invasive spine surgery market is anticipated to record a CAGR of nearly 7.2% from 2024 to 2032.
The European minimally invasive spine surgery industry is set to register the fastest CAGR over the forecasting timeframe owing to constant breakthroughs in surgical instrumentation, minimally invasive procedures, and imaging procedures. Favorable compensation policies and a focus on patient care will embellish the industry's growth in Europe.
The global minimally invasive spine surgery market is led by 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., and SeaSpine.
The global minimally invasive spine surgery market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, cash-benefit analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, factor analysis, and value chain analysis. It provides an apt scenario about demand and factor conditions in the country impacting the profitability of the firms in the domestic and international markets.
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