Endoscopic Spinal Surgery Market Size (USD 1.09 billion by 2031) Achieves Record-breaking Growth in Meeting Healthcare Requirements

Endoscopic spinal surgery is a minimally invasive procedure that makes it easier for surgeons to perform complex surgeries with less efforts and obstacles. This complexity of spinal surgery can provide major challenges for surgeons, such as possibility of implanting a screw in incorrect location, which could result in paralysis or less effective surgery. However, use of endoscope in spine surgery have decreased the possibility of surgical errors and thereby improved surgical precision

Allied Market Research recently published a report, titled, “Endoscopic Spinal Surgery Market by Product Type (Endoscopes, Endoscopic Devices), by Procedure Type (Transforaminal Endoscopic Procedures, Interlaminar Endoscopic Procedures, Endoscopic Posterior Foraminotomy, and Cervical Discectomy, Endoscopic Visualized Rhizotomy), by End User (Hospital and Clinics, Ambulatory Surgical Centers): Global Opportunity Analysis and Industry Forecast, 2021-2031″. As per the report, the global endoscopic spinal surgery market size was accounted for $536.9 million in 2021 and is expected to reach $1.09 billion by 2031, growing at a CAGR of 7.4% from 2022 to 2031.

The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

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 Rise in adoption of minimally invasive surgeries across the globe and advantages such as faster recovery and greater patient compliance drive the growth of the global endoscopic spinal surgery market. Moreover, increase in the prevalence of spinal disorders and surge in geriatric population supplement the market growth. On the other hand, technological advancements in the field of surgery would open new opportunities in the market.

Top Companies of Endoscopic Spinal Surgery: –  

• DePuy Synthes (Johnson & Johnson)
• Medtronic plc
• MedicalTek (MDTK)
• Stryker Corporation
• Zimmer Biomet
• Olympus Corporation
• KARL STORZ SE & Co. KG
• Richard Wolf GmbH
• Globus Medical, Inc.
• Endovision Co., Ltd.
• joimax GmbH

Endoscopic Spinal Surgery Market Segmentation: –

By product type, the endoscopic devices segment held the largest share in 2021, accounting for nearly three-fourths of the global endoscopic spinal surgery market, due to rise in demand for endoscopic spinal surgery around the globe. In addition, new device launches and approvals by key market players contribute toward increase in sales of this segment. However, the endoscopes segment is expected to register the highest CAGR of 8.6% during the forecast period, owing to advancements in spine surgery and increase in adoption of minimally invasive techniques.

By procedure type, the transforaminal endoscopic procedures segment held the lion’s share in 2021, contributing to more than two-fifths of the global endoscopic spinal surgery market, due to rise in cases of disc herniation of lumbar and lower thoracic spine and adoption of transforaminal endoscopic procedures for their treatment. However, the interlaminar endoscopic procedures segment is estimated to manifest the highest CAGR of 8.6% from 2022 to 2031, due to advantages over the traditional techniques and the fact that about 80 to 90% of patient report less pain and better mobility after surgery.

By end user, the ambulatory surgical centers segment is expected to portray the highest CAGR of 9.1% during the forecast period. This is due to rise in the number of ambulatory surgical centers around the globe, rise in funding for the ASC and the shift of minimally invasive surgical procedures. However, the hospital and clinics segment held the largest share in 2021, accounting for around four-fifths of the global endoscopic spinal surgery market, owing to adoption of well-equipped & advanced surgical devices in hospitals, rising cases of road accidents & emergency hospitalizations, and surge in patient visits to hospitals and clinics in emerging countries post-pandemic.

By region, the market across North America dominated in 2021, holding more than two-fifths of the market, due to the presence of key players, rising government initiatives, well-developed healthcare infrastructure, and rising awareness about the innovations in healthcare sector. However, the global endoscopic spinal surgery market across Asia-Pacific is projected to portray the highest CAGR of 9.4% during the forecast period, owing to investments by the public and private market players in this field.

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Our Market Research Solution Provides You Answer to Below Mentioned Question:

• Which are the driving factors responsible for the growth of market?
• Which are the roadblock factors of this market?
• What are the new opportunities, by which market will grow in coming years?
• What are the trends of this market?
• Which are main factors responsible for new product launch?
• How big is the global & regional market in terms of revenue, sales and production?
• How far will the market grow in forecast period in terms of revenue, sales and production?
• Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?

By Region Outlook 

• North America
  (U.S., Canada, Mexico)
• Europe
  (Germany, France, UK, Italy, Spain, Rest of Europe)
• Asia-Pacific
  (Japan, China, India, Rest of Asia-Pacific)
• LAMEA
  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)

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