The report suggests that the market is expected to grow at a CAGR of 11.45% between 2022-2032
BIS Research, the global leader in providing market intelligence on deep technologies, has released its latest study titled Minimally Invasive Spine Technologies Market – A Global and Regional Analysis.
According to this study, the global minimally invasive spine technologies market was valued at $3.18 billion in 2022 and is projected to reach $9.40 billion by 2032, growing at a staggering CAGR of 11.45%.
The following factors are responsible for the increase in demand for minimally invasive spine technologies:
- Increasing incidences and prevalence of spinal disorders
- Increasing preference for minimally invasive spine surgeries
- Technological advancement in minimally invasive spine surgical procedures
The detailed study is a compilation of 31 market data tables and 129 figures spread through 183 pages.
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Analyst’s Take on the Market Projection
According to Satyendr Singh Rajput, Lead Analyst, BIS Research, “During the pandemic, hospitals reduced elective surgery to ensure patient safety and to support COVID-19 patients on a larger scale. Reduction or cancellation of elective surgery was taken as a safety measure to protect patients from hospital-transmitted infection as well as associated postoperative complications. It was crucial that emergency spinal care was provided throughout the pandemic, including the development of guidelines to help spinal surgeons properly handle patients. Many medical device companies reported a decline in revenues generated from the sale of minimally invasive spine surgery products.”
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Major Existing Industry Leaders in the Global Minimally Invasive Spine Technologies Market
The companies that are profiled have been selected based on input gathered from primary experts and analyzing company coverage, product portfolio, and market penetration. Some of the established names in the market are:
- AMS Group
- Alphatec Holdings, Inc.
- Aurora Spine, Inc.
- B. Braun SE
- Boston Scientific Corporation
- Globus Medical, Inc.
- Johnson & Johnson
- Medtronic plc
- NuVasive, Inc.
- ORTHOFIX MEDICAL INC.
- Precision Spine, Inc.
- Richard Wolf GmbH
- Spineology Inc.
- Stryker Corporation
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About BIS Research:
BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends which can disrupt the market dynamics in the near future. We publish more than 200 market intelligence studies annually that focus on several deep technology verticals.
Our strategic market analysis emphasizes on market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
BIS Research offers syndicate as well as custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.
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