How much market is there for spine surgery

The improvements in surgical technology have made spinal fusion surgeries more effective, which has resulted in the increasing adoption of spinal fusion surgeries and devices by healthcare professionals.

Increasing preference among patients towards surgeries, which will cause speedy recovery, less pain, and shorter hospital stays, has resulted in the increasing demand for minimally invasive spine surgeries.

The rising adoption of surgical robots for spine fusion surgeries to make the surgeries more efficient is expected to drive the growth of the spinal fusion devices market. The risks associated with spinal fusion surgeries and the high cost of the surgery is expected to hamper the demand for spinal fusion devices. Stringent government regulations on device approval might be a restraining factor to the growth of the spinal fusion devices market.

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. For instance, lengthy product approvals and clinical trial failures of several spinal surgery products are envisaged to cut short the demand in the market.

Nevertheless, the report foresees companies focusing on mergers and acquisitions, expansion of their regional footprint, and diversification of their product portfolio. The presence of several high-impact players could raise the level of competition in the market, whilst new aspirants are predicted to come across favourable opportunities for entering the market.

Looking at the intensifying nature of competition, players are observed to invest more in research and development to stay afloat when operating in the market. Furthermore, there could be a high focus on innovation, the report concludes. Write to us Editor: Anthony Strzalek anthony bibamedical.

Spinal News International. Latest News. The spine surgery products market will grow at a 5. Minimally invasive spine surgery 7. The global minimally invasive spine surgery market will see a 7. Despite this growth, a dearth of experienced MIS surgeons will slow market expansion. ResearchAndMarkets analysts found the MIS interbody market is trending away from posterior lumbar interbody fusion and transforaminal lumbar interbody fusion devices.

The report noted a draw toward oblique lateral interbody fusion and lateral lumbar interbody fusion devices. In , the XLIF interbody cages segment led the space, capturing Disc replacement The global artificial disc market will see growth through , owing to an increasing geriatric population and prevalence of osteoporosis, based on a Precision Business Insights report.

While North America will likely capture the largest share in the artificial disc market, the Asia-Pacific market will grow significantly due to the major rise in the geriatric population of India and China.

The global cervical total disc replacement device market will likely continue to grow at a compound annual growth rate of North America is anticipated to continue dominating the market, with the Asian market growing at a Robotics Mazor Robotics dominates the market.

A Researchmoz report noted the growing market for SI joint procedures, and surgical robots present a great opportunity in this field. When spinal robotics achieves 35 percent of penetration in a country, spine surgeons will likely demand hospitals offer the robotic technology because outcomes will be more predictable and better.

Spinal fusion The global spinal fusion devices market is expected to grow at a compound annual growth rate of 5.