NEW YORK, Nov. 20, 2023 /PRNewswire/ — The interventional spine devices market is expected to grow by USD 3.07 billion from 2023 to 2028. In addition, the momentum of the market will progress at a CAGR of 9.58% during the forecast period, according to Technavio Research. The market is segmented by method (vertebroplasty, kyphoplasty, radiofrequency ablation, and others), end-user (hospital and ambulatory surgery centers), and geography (North America, Europe, Asia, and Rest of World (ROW)). North America is estimated to contribute 47% to the growth of the global market during the forecast period. The increasing prevalence of spinal disorders, which include osteoporosis, spinal surgery, spondylolisthesis, and scoliosis has been a major factor that is driving the market growth in North America. Moreover, minimally invasive spinal surgery is gaining popularity because of its minimized surgical tissue trauma compared with an open surgical procedure.
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Company Profile:
Abbott Laboratories, B.Braun SE, ChoiceSpine LLC, Globus Medical Inc., Integra Lifesciences Corp., Johnson and Johnson, Medtronic Plc, Merit Medical Systems Inc., Orthofix Medical Inc., Spinal Elements Inc., Stryker Corp., and Zimmer Biomet Holdings Inc.
Abbott Laboratories – The company offers interventional spine devices such as Proclaim SCS Family and Eterna SCS System designed for the treatment of chronic pain, pain caused by Diabetic Peripheral Neuropathy, and Non-surgical Back Pain.
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Interventional Spine Devices Market: Segmentation Analysis
The vertebroplasty segment is estimated to witness significant growth during the forecast period. It can be employed to treat VCF patients who have severe pain and cannot manage daily routine activities.
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Interventional Spine Devices Market: Market Dynamics
Key Driver
- Growing demand for minimally invasive (MI) and non-invasive procedures
- Increasing incidence of spine and bone disorders
- Favorable reimbursement scenario
The growing demand for minimally invasive (MI) and non-invasive procedures is a key factor driving market growth. There are many clinical trials and new product launches on the market. In addition, there has been a reduction in hospital stays and improved patient outcomes as a result of the demand for rapid recovery, which has led to several medical facilities performing spinal fusion operations to repair the spine.
Major Trend
The emergence of radiofrequency-targeted vertebral augmentation is a primary trend in the market. Identify key trends, drivers, and challenges in the market. Download a free sample to gain access to this information.
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What are the key data covered in this interventional spine devices market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the interventional spine devices market between 2023 and 2028.
- Precise estimation of the interventional spine devices market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the interventional spine devices market across North America, Europe, Asia, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the growth of interventional spine device market companies.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Method
Market Segmentation by End-user
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
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SOURCE Technavio
