56.6 F
Virginia
HomeTech InnovationsSpinal Implant Minimally Invasive Surgical (MIS) Market in the US: Growth Amid...

Spinal Implant Minimally Invasive Surgical (MIS) Market in the US: Growth Amid Fusion Slowdown

As minimally invasive procedures advance, traditional fusion markets face a slowdown. Yet, amidst growing competition, the total market remains on an upward trajectory.”

— Dr. Kamran Zamanian, Senior Partner and CEO

VANCOUVER, BC, CANADA, April 5, 2024 /EINPresswire.com/ — iData Research, a renowned global consulting and market research firm specializing in the medical device, dental, and pharmaceutical sectors, has released its 2024 report on the U.S. MIS Spinal Implant Market. This comprehensive report offers an in-depth analysis of various market segments, including segments for MIS interbody devices, MIS pedicle screws, spinous process fixation, facet fixation, MIS sacroiliac joint fusion, spine endoscopes and MIS instrumentation.

The key driver of the US MIS Spinal Implant Market is the increasing age-60-and-over population in the United States. As many of the people who undergo spine surgeries are seniors, an increase in this population would stimulate growth in the market. Another important driver of this market is the decrease in recovery time after surgery compared to traditional spine surgery. This could allow patients to be released from the hospital sooner and get back to normal life. There may also be cost benefits for the hospitals, surgeons and the patients.

However, the largest limiter for minimally invasive spine surgeries is the lack of skill in surgeons. For these surgeries to replace the traditional spine surgeries, learning new skills and techniques is needed, and older-generation surgeons tend to stick to the traditional open spine surgeries.

Key highlights from iData’s report include:

Robust Market Expansion: The U.S. MIS Spinal Implant market reached nearly $2.3 billion in value in 2023, and it is anticipated to surpass $3.1 billion during the forecast period.

Shift in Preferences: The MIS interbody device market continues to see a shift toward oblique lumbar interbody fusion (OLIF) and lateral lumbar interbody fusion (LLIF) devices and away from minimally invasive posterior lumbar interbody fusion (MIPLIF) and minimally invasive transforaminal lumbar interbody fusion (MITLIF) devices.

Competitive Landscape: In the U.S. MIS Spinal Implant market, the combined market shares of Globus Medical and NuVasive held the leading position. Coming in behind Globus Medical and Nuvasive is Medtronic, claiming the second-leading share of the market. Other leading competitors in the U.S. include DePuy Synthes, Stryker, SI-BONE, Richard Wolf, Joimax, ZimVie (Highridge Medical) and others, including a large number of smaller companies.

For more information on the U.S. MIS Spinal Implant Market, visit our report product page:

https://idataresearch.com/product/us-minimally-invasive-spine-surgery-market/

About iData

iData Research stands out as the premier market research and intelligence provider, offering unparalleled insights and comprehensive data analysis across a multitude of industries. With a strong reputation and a proven track record, iData Research has solidified its position as the best choice for businesses seeking to make informed decisions in today’s dynamic market landscape.

Why Should You Choose iData?

Extensive Industry Coverage: iData Research boasts an impressive range of industry coverage, spanning healthcare, medical devices, dental, pharmaceuticals, biotechnology, and more. This breadth of coverage ensures that clients from various sectors can access accurate, up-to-date information relevant to their business goals.

High-Quality Data: The cornerstone of iData Research’s success is its commitment to providing high-quality data. Their team of expert analysts employs rigorous methodologies to collect and analyze data from reliable sources. This ensures that clients receive accurate, insightful, and actionable information to guide their strategic decisions.

In-Depth Analysis: iData Research goes beyond mere data presentation by offering in-depth analysis that goes right to the heart of industry trends, market dynamics, and competitive landscapes. Their reports provide a holistic understanding of market forces, helping clients identify opportunities and challenges.

Customized Solutions: Recognizing that every business is unique, iData Research offers customizable solutions that cater to specific client needs. Whether it’s a small startup or a multinational corporation, their tailored offerings provide the right insights to drive growth and success.

Timely Updates: Staying ahead in today’s fast-paced business environment requires access to real-time information. iData Research ensures that its clients are equipped with the latest data and insights, enabling them to make agile decisions and adapt to market changes swiftly.

Global Perspective: In an increasingly interconnected world, having a global perspective is essential. iData Research’s reports provide insights into various geographic markets, enabling clients to make informed decisions regardless of their business’s location.

Trusted by Industry Leaders: The fact that iData Research is trusted by industry leaders and renowned companies speaks volumes about the quality of their services. Their client list includes major players who rely on their insights for strategic planning.

Emma Matrick
iData Research
+17785493830 ext.
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn



Originally published at https://www.einpresswire.com/article/701194703/spinal-implant-minimally-invasive-surgical-mis-market-in-the-us-growth-amid-fusion-slowdown

- Part of VUGA -digital marketing

latest articles

gossip news

explore more

fashion tv watch free