Dublin, April 27, 2023 (GLOBE NEWSWIRE) -- The "Minimally Invasive Spine Technologies Market - A Global and Regional Analysis: Focus on Condition, End User Analysis, and Country Analysis - Analysis and Forecast, 2022-2032" report has been added to ResearchAndMarkets.com's offering.

The global minimally invasive spine technologies market was valued at $3,180.9 million in 2022 and is anticipated to reach $9,406.5 million by 2032, witnessing a CAGR of 11.45% during the forecast period 2022-2032.

The growth in the global minimally invasive spine technologies market is expected to be driven by the rising preference for minimally invasive spine surgical procedures globally and increasing awareness among practitioners for simulation, training, and continuous medical education.

Market Lifecycle Stage

The minimally invasive spine technologies market is in the developing phase. The rising demand for minimally invasive surgeries and robotic-assisted surgeries and increasing synergetic activities within the spine surgery industry are some of the major opportunities in the global minimally invasive spine technologies market.

Furthermore, some of the key trends going on in the market are the technological advancements in the field of medical surgery, such as the incorporation of AI, the shift of procedures to ambulatory surgery centers, and increasing synergistic activities.

Impact of COVID-19

The demand for minimally invasive spine technologies witnessed a decline during the pandemic owing to postponing of elective surgeries and other non-urgent procedures. Most of the spinal surgeons' work was eliminated with the closure of elective surgery and outpatient clinics.

It was crucial that emergency spinal care was provided throughout the pandemic, including the development of guidelines to help spinal surgeons properly handle patients.

Furthermore, lockdowns and travel restrictions during the pandemic caused delays in the procurement of raw materials as well as delivery to end users.

Recent Developments in the Global Minimally Invasive Spine Technologies Market

Demand - Drivers and Limitations

The following are the drivers for the minimally invasive spine technologies market:

The market is expected to face some limitations due to the following challenges:

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.

Key Companies Profiled

Key Attributes:

Report AttributeDetails
No. of Pages183
Forecast Period2022 - 2032
Estimated Market Value (USD) in 2022$3180.9 Million
Forecasted Market Value (USD) by 2032$9406.5 Million
Compound Annual Growth Rate11.5%
Regions CoveredGlobal

Key Topics Covered:

1 Markets
1.1 Global Market Outlook
1.2 Industry Outlook
1.3 Impact of COVID-19 on the Global Minimally Invasive Spine Technologies
1.4 Business Dynamics
1.4.1 Impact Analysis
1.4.2 Business Drivers
1.4.2.1 Increasing Incidences and Prevalence of Spinal Disorders
1.4.2.2 Increasing Preference for Minimally Invasive Spine Surgeries
1.4.2.3 Technological Advancement in Minimally Invasive Spine Surgical Procedures
1.4.3 Business Restraints
1.4.3.1 Lack of Well-Established Landscape for Reimbursement for Minimally Invasive Spinal Procedures
1.4.3.2 Factors Hindering the Implementation of Minimally Invasive Spinal Surgeries
1.4.3.2.1 High Cost of Capital Equipment Purchases and Disposables
1.4.3.2.2 Lack of Training Leading to Shortage of Skilled Professionals
1.4.4 Business Opportunities
1.4.4.1 Augmentation of Artificial Intelligence in Minimally Invasive Spine Surgery
1.4.4.2 Leveraging Synergies to Diversify Business Portfolio

2 Global Minimally Invasive Spine Technologies Market (by Condition)
2.1 Overview
2.2 Opportunity Assessment
2.3 Herniated Disc
2.4 Spinal Stenosis
2.5 Degenerative Disc Disease
2.6 Spinal Deformity
2.7 Spinal Fracture
2.8 Spinal Infection
2.9 Spinal Tumor

3 Global Minimally Invasive Spine Technologies Market (by End User)
3.1 Overview
3.2 Opportunity Assessment
3.3 Hospitals
3.4 Ambulatory Surgery Centers
3.5 Orthopedic Clinics

4 Global Minimally Invasive Spine Technologies Market (by Region)

5 Competitive Benchmarking and Company Profiles
5.1 Competitive Landscape
5.1.1 Key Strategies and Developments
5.1.1.1 Regulatory and Legal Activities
5.1.1.2 New Offerings
5.1.1.3 Mergers and Acquisitions
5.1.1.4 Partnerships, Collaborations, and Business Expansions
5.2 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/14ywf

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