LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global minimally invasive (MI) spine surgery market to grow at a CAGR of close to 8% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global MI spine surgery market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of products used in MI spine surgeries.
The global MI surgery market is highly competitive with the presence of numerous big and small vendors with significant market shares. The MI spine surgery utilizes advanced and innovative technology to treat back and neck pain caused by various spinal disorders. Special instruments and viewing systems are used by surgeons to work through small incisions. These include endoscopes, tubular refractors, and image guidance systems. The demand for MI surgery has increased owing to less injury to the tissue, less pain, and higher accuracy rate.
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Technavio healthcare and life sciences analysts highlight the following three factors that are contributing to the growth of the global MI spine surgery market:
- Increasing prevalence of spinal disorders
- Rising popularity of physician-owned ASCs
- Growing popularity of MI spinal surgeries
Increasing prevalence of spinal disorders
Neck and back pain affect about 80% of the population worldwide. Spinal disorders such as spondylolisthesis, prolapsed intervertebral disc, and spinal stenosis are on the rise worldwide and are being treated with spine fusion and non-fusion procedures. Poor alignment or poor bone healing may lead to the failure of fusion implant surgery. Spine disorders are affecting people of all ages, but individuals aged 60 and above are more susceptible to them. Aging causes the cartilage between the facet joints to deteriorate, leading to various spinal disorders.
Barath Palada, a lead orthopedics and medical devices analyst at Technavio, says, “In 2015, the International Osteoporosis Foundation estimated that about 75% of spine fractures occurred in people aged above 65. The disorder can cause the bones to become porous, fragile, and weak, which makes them susceptible to fractures. Osteoporosis can lead to degenerative changes in the spinal discs, such as intervertebral discs and spinal facets, which require surgical intervention.”
Rising popularity of physician-owned ASCs
Cervical fusion surgeries have improved the quality of life. The MI procedure performed for the implantation of cervical implants has proven to be safe and efficient. This procedure has reduced the risk of infections, the need for blood transfusion, and the duration of the hospital stay. Many surgeons have started practicing carrying out surgeries in outpatient settings. Some spine fusion surgeries such as the cervical fusion procedure can be performed in ASCs. Surgeons are already performing lumbar fusions, TLIFs, and anterior cervical discectomy procedures regularly in ASCs.
“In the US, the government is establishing many ASCs to offer better patient care at a low cost, which has led many people to go through spinal surgeries. The CDC estimated that since 2011, the number of people visiting ASCs increased by 25%,” adds Barath.
Growing popularity of MI spinal surgeries
There is a paradigm shift toward MI surgeries from open surgical methods over the past few years owing to its advanced features, such as high accuracy, less blood loss, reduced hospital stay, and favorable reimbursement policies. Traditional open surgeries can cause various post-operation complications, such as excessive pain, partially collapsed lungs, blood clots, fatigue, muscle atrophy, and infections. Most surgeons use MI spine surgery to treat the severe degeneration of the disc material in the spine by placing a bone graft, resulting in the generation of a new bone that bridges the vertebrae.
Top vendors:
- DePuy Synthes
- Medtronic
- NuVasive
- Stryker
- Zimmer Biomet
Browse Related Reports:
- Global Lumbar Spine Fusion Market 2016-2020
- Global Spinal Implants Market 2016-2020
- Spine Implants Market in the US 2016-2020
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