Latest News- Minimally Invasive Spine Surgery Market: Fusion surgery is expected to lead the Application segment during 2025-2029
The Minimally Invasive Spine Surgery Market is being driven by Increasing incidence of spinal disorders
The Minimally Invasive Spine Surgery Market is expected to grow at a CAGR of 8.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1624.9 million. The integration of artificial intelligence (AI) and robotics in minimally invasive spine surgery has significantly transformed the global market by introducing unprecedented levels of precision and efficiency. This technological evolution offers advanced preoperative imaging analysis, intraoperative navigation, and robotic-assisted precision, enabling surgeons to execute complex spinal interventions with unparalleled accuracy. AI and robotics enhance surgical guidance and provide real-time feedback, reducing the risk of iatrogenic injury and improving patient safety. These advancements have revolutionized the minimally invasive spine surgery landscape, offering superior clinical outcomes and driving market growth.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Application (Fusion surgery, Non-fusion surgery) End-user (Hospitals and clinics, Ambulatory surgical centers (ASCs)) Geography (North America, Europe, Asia, Rest of World (ROW)).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Minimally Invasive Spine Surgery Market Research Report
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The Minimally Invasive Spine Surgery (MISS) market encompasses advanced technologies such as ambulatory surgical centers, artificial intelligence (AI), and medical machines for geriatric patients. Biomaterials including titanium alloys, stainless steel, polymers, and biologics are utilized in MISS procedures for treating conditions like degenerative disc disease, spinal stenosis, spinal cord compression, bone spurs, spinal tumors, scoliosis, and herniated disks. Procedures employ endoscopes, laparoscopes, and fluoroscopes to minimize pressure on vertebral bones, joints, and spinal nerves, reducing recovery time compared to open spine surgery.
The Minimally Invasive Spine Surgery (MISS) market is a significant segment of the global life science tools and services industry. This market encompasses companies specializing in the research and development (R&D) of capital equipment, instruments, accessories, and consumables for MISS procedures. Additionally, it includes life sciences-related services such as contract research, manufacturing, and sales. Key drivers for the growth of this market include the expanding geriatric population, advancements in technology like artificial intelligence (AI) and biomaterials, and the increasing demand for minimally invasive procedures using titanium alloys, stainless steel, polymers, and biologics. According to Technavio, the global life science tools and services market, which includes the MISS market, is projected to grow substantially due to the rising elderly demographic, increasing healthcare expenditures, and the continual development of innovative technologies.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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