Minimally Invasive Spine Surgery Devices Market: Size, Emerging Trends, Technological Innovations, and Growth Prospects in the Medical Device Landsca
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The global market for minimally invasive spine surgery devices had a value of approximately USD 1102.36 million in 2022. It is projected to reach around USD 1542.36 million by 2030, with a compound annual growth rate (CAGR) of about 4.33% from 2023 to 2030.
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One subset of the medical device industry is known as the Minimally Invasive Spine Surgery Devices Market. This subset of the industry is primarily concerned with the development of goods that are intended for minimally invasive operations that target the spine.
Minimally invasive spine surgery, also known as MISS, is a type of surgery that, in comparison to open surgery, involves the use of surgical procedures that cause less damage to the muscles and structures that surround the spine.
These devices are specifically designed to enable surgeons to execute spinal surgeries with smaller incisions, hence minimizing the amount of time it takes for patients to recover from surgery, the amount of discomfort they experience after surgery, and the likelihood of complications.
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Among the most important aspects of the market for minimally invasive spine surgery devices are the following:
Medical Equipment for Surgery:
Endoscopes, retractors, and microsurgical instruments are examples of specialized equipment and devices that are built specifically for use in minimally invasive spine procedures.
Injections and other hardware:
Spinal implants, screws, rods, and intervertebral cages are examples of the types of devices that are utilized during minimally invasive treatments to stabilize and support the spine.
Mechanisms for Navigation:
Surgeons can more precisely visualize and navigate the spine during minimally invasive procedures with the assistance of advanced imaging and navigation tools.
Technologies for Visualization:
Surgeons can do procedures that are more accurate and under control with the assistance of high-definition cameras and imaging systems that provide real-time views of the surgical site.
Biologics are:
Biological materials, such as bone grafts and growth factors, are utilized in conjunction with minimally invasive spine surgery to improve the fusion process and maintain spinal stability.
Access Control and Distribution Methods:
A variety of instruments and apparatuses, such as tubular retractors and percutaneous access systems, are utilized to facilitate entry to the surgical site through the utilization of minimally invasive procedures.
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These are some of the factors that are driving the market for minimally invasive spine surgery devices:
To successfully navigate and capitalize on opportunities in this rapidly developing sector, it is essential for industry participants, such as manufacturers, healthcare providers, and investors, to have a comprehensive understanding of the Minimally Invasive Spine Surgery Devices Market. This includes a comprehensive understanding of market trends, technological advancements, and the regulatory landscape.
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The global minimally invasive spine surgery devices market is led by players like:
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The market share that is held by North America that is the largest
In the present moment, the North American market for minimally invasive spine surgery equipment is the most dominant one worldwide. During the period covered by the projection, it will continue to demonstrate its dominance, which will be fueled by a number of beneficial variables. On a global scale, the United States of America is among the most prominent exporters of medical devices. In 2021, the United States of America exported medical equipment with a total value of USD 30.2 billion, as reported by The Observatory of Economic Complexity. There are some of the most prominent producers of medical equipment, notably MIS surgery gadgets, that call this region home.
DePuy Synthes, the orthopedic branch of Johnson & Johnson Medtech, made the announcement in October 2022 that it has obtained permission from the Food and Drug Administration (FDA) of the United States for the TELIGENTM System for use in the United States. This is a cutting-edge platform that makes it possible to perform transforaminal lumbar interbody fusion (TLIF) procedures with the use of technology instruments that allow for access and imaging. During the period under consideration, regional growth will be fueled by the expanding demand for medical devices manufactured in the United States, as well as by greater investments made by regional companies in the direction of innovation. GE Healthcare, for example, invested close to $2.8 billion in research and development in the year 2022.
The global minimally invasive spine surgery devices market is segmented as follows:
By Treatment
By Product Type
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