Latest News:- Minimally Invasive Spine Surgery Market: Fusion surgery is expected to lead the Application segment during 2024-2028

Minimally Invasive Spine Surgery Market to grow at a CAGR of 9.27% during 2024-2028

The Minimally Invasive Spine Surgery Market is expected to grow at a CAGR of 9.27% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1.82 billion. The integration of artificial intelligence (AI) and robotics in minimally invasive spine surgery has significantly transformed the global market, bringing about unprecedented precision and efficiency. Advanced technologies, such as AI-driven surgical planning and robotic-assisted execution, have revolutionized spinal procedures, providing real-time feedback and unparalleled accuracy to improve patient outcomes. These innovations offer numerous benefits, including advanced preoperative imaging analysis, intraoperative navigation, and robotic-assisted precision, enabling surgeons to execute complex interventions with enhanced visualization, minimizing the risk of iatrogenic injury, and ensuring optimal patient safety. 

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The Fusion surgery subsegment is expected to dominate the Application segment during the forecast period 

Technavio analysts predict that the Fusion surgery subsegment will lead the Application segment during 2024 and 2028 The fusion surgery segment holds a prominent position in the global minimally invasive spine surgery market, accounting for a substantial portion of innovation and growth. Fusion surgeries are essential in addressing various spinal pathologies, including degenerative disc disease, spinal stenosis, and spondylolisthesis. These procedures aim to restore stability, alleviate pain, and facilitate the fusion of affected spinal segments. The integration of minimally invasive techniques in fusion surgeries has revolutionized the field, leading to an increased demand for advanced spine surgery machines that cater to the precise and intricate nature of these procedures. The fusion surgery segment in the global minimally invasive spine surgery market is marked by the adoption of cutting-edge technologies, such as robotics, image guidance systems, and minimally invasive implants, to optimize surgical outcomes and enhance patient care.

Here are the various ways based on which the market is segmented: 

• Application
  • Fusion surgery
  • Non-fusion surgery
• End-user
  • Hospitals and clinics
  • Ambulatory surgical centers (ASCs)
• Geography
  • North America
  • Europe
  • Asia
  • Rest of World (ROW)

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There are several factors that are causing the market to flourish increasing incidence of spinal disorders

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The Minimally Invasive Spine Surgery (MISS) market is witnessing significant growth due to the increasing prevalence of spine conditions such as herniated disks, scoliosis, spinal tumors, bone spurs, spinal stenosis, degenerative disc disease, and pressure on the spinal cord or nerves. Traditional open spine surgeries have been replaced by MISS, which uses medical machines like Fluoroscopes, Laparoscopes, and Endoscopes to minimize invasiveness. These surgeries use biomaterials like Biologics, Polymers, Stainless steel, and Titanium alloys to repair or replace damaged vertebral bones. Conditions like herniated disks, spinal stenosis, and degenerative disc disease put pressure on the joints and spinal nerves, leading to chronic pain and disability. MISS uses advanced technologies like AI to improve accuracy and precision, reducing the risk of complications. The geriatric population, with a higher prevalence of spine conditions, is driving the growth of ambulatory surgical centers offering MISS. The use of these advanced technologies and the growing demand for minimally invasive procedures make the Minimally Invasive Spine Surgery Market a promising investment opportunity.

Market Research Overview

The Minimally Invasive Spine Surgery (MISS) market is a segment of Technavio's comprehensive analysis of the global Life Science Tools and Services market. This market encompasses companies and products involved in the research and development (R&D) of capital equipment, instruments, accessories, consumables, and services for pharmaceuticals, biotechnology, and laboratory diagnosis. MISS is a sub-segment of the life sciences tools and services market, which also includes contract research, manufacturing, and sales services. The market size for this sector is determined by the consolidated revenue generated by manufacturers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services.

The Minimally Invasive Spine Surgery Market is experiencing significant growth, fueled by the increasing incidence of spinal disorders. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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