Endoscopic Spinal Surgery Market To Soar To US$ 1,732.5 Million At 8.2 % CAGR By 2034, States Fact.MR

(MENAFN- GlobeNewsWire - Nasdaq) Rise in Demand Endoscopic Spinal Surgeries Among Patients Suffering from Spinal Diseases Due to its Safety and Effectiveness

Rockville, Jan. 15, 2024 (GLOBE NEWSWIRE) -- According to a new study by Fact, a market research and competitive intelligence provider, the global Endoscopic Spinal Surgery Market is estimated to be valued at US$ 784.8 million in 2024. The market is projected to expand at a CAGR of 8.2% through 2034. The market is projected to attain a valuation of US$ 1,732.5 million by 2034.

Endoscopic spinal surgery, which is a buttonhole-sized procedure, is aimed at patients suffering from long-term back pain. This surgery offers relief to patients without the requirement for a large incision. Robust traction toward this minimally invasive approach due to its greater effectiveness and safety is substituting the demand for conventional open spine surgery.

For More Insights into the Market, Request a Sample of this Report:

Key Segments of Endoscopic Spinal Surgery Industry Research Report

By Product Type	By Procedure Type	By Technology	By End User	By Region
Endoscopes Endoscopic Devices	Transforaminal Endoscopic Interlaminar Endoscopic Endoscopic Posterior Foraminotomy and Cervical Discectomy Endoscopic Visualized Rhizotomy	2D 3D	Hospitals Ambulatory Surgical Centers Specialty Spinal Clinics	North America Europe Latin America East Asia South Asia and Oceania Middle East and Africa

The surging demand for minimally invasive spinal surgery (MISS) is creating an avenue for better patient outcomes and decreasing procedural invasiveness. Increasing expenditure on healthcare infrastructure, rising elderly population, changing lifestyle patterns, and surging road accidents continue to raise the demand for endoscopic spinal surgeries.

“Key players focus on technological upgradations to level up market competition. With technologically-equipped tools and devices, industry participants aim to assist surgeons in enhancing patient outcomes. Rising cases of spinal issues in developing economies are creating a heightened demand for endoscopic spinal surgery, propelling market growth," says a Fact analyst.

In the ever-evolving realm of spinal surgery, technological advancements play a pivotal role in enhancing both patient experiences and surgical outcomes. Leading the charge in endoscopic spinal surgery are cutting-edge technologies such as RF equipment, scope cameras, and drills. The latest scope camera, boasting high-resolution imaging capabilities, empowers surgeons with unprecedented visualization, ensuring precision in interventions. Additionally, Radiofrequency (RF) equipment emerges as a crucial tool, providing effective energy delivery for tissue modulation.

Drills contribute to maintaining structural integrity, facilitating meticulous bone work. With minimally invasive spine surgery (MISS) becoming the standard, the optimization and seamless integration of these technologies have become paramount. The trajectory of these advancements indicates ongoing evolution, setting a high standard for market players involved in providing tools for spinal surgery.

Key Takeaways from the Endoscopic Spinal Surgery Market Study

• The endoscopic spinal surgery market acquired a value of US$ 540 million in 2019.
• In 2024, the North America region is anticipated to attain a value of US$ 279 million. The region is estimated to gain revenue worth US$ 552 million by 2034. Throughout the period, the market is set to expand at a CAGR of 7%.
• The East Asia endoscopic spinal surgery market is projected to register sales worth US$ 101 million in 2024. By 2034, the market is set to be valued at US$ 217 million. The growth rate of the market is expected to be 8% through 2034.
• The endoscopic devices segment is projected to account for sales worth US$ 518.7 million in 2024. By 2034, the segment is estimated to attain US$ 1,092.44 million.
• By end user, the hospitals segment is anticipated to be valued at US$ 383.2 million in 2024.

Competitive Landscape

Key players are employing multiple tactics to raise their share in the market. Leading companies are continuously inventing new versions of endoscopic instruments and techniques to reduce tissue fissures and quicken recovery times. Thus, increasing their appeal among surgeons and patients alike. Players are further partnering with clinics, hospitals, and distributors to increase their reach and access. Market expansion and strategic partnerships are anticipated to yield higher revenues for this industry.

Latest Market Developments Shaping the Endoscopic Spinal Surgery Market

• In August 2023, Royal National Orthopaedic Hospital (RNOH) was awarded Centre of Excellence status for all endoscopic spine surgeries. The equipment for complicated surgery is developed by RIWOspine GmbH, which is a German manufacturer and has a subsidiary named RIWOspine, headquartered in London.
• In October 2023, joimax® introduced the latest iLESSYS® biportal interlaminar endoscopic surgical system to effectively treat spinal disorders at the EUROSPINE 2023 Annual Meeting, which was held in Frankfurt.

Get Customization on this Report for Specific Research Solutions:

Report Attribute	Details
Value Projection (2034)	US$ 1,732.5 Million
Growth Rate (2024-2034)	8.2% CAGR
No. of pages	170 Pages
No. of Tables	80 Tables
No. of Figures	240 Figures

Checkout More Related Studies Published by Fact Research:

Minimally Invasive Surgery Market : The global minimally invasive surgery market is likely to be valued at US$ 6.31 Billion in FY 2022, up from US$ 6 Billion in 2021.

Spinal Surgery Products Market : The global spinal surgery products market enjoys a valuation of over US$ 11 billion in 2022 and is set to further expand at a CAGR of 4.3% to reach US$ 15.5 billion by the year 2030.

Cosmetic Surgery and Procedure Market : The global cosmetic surgery and procedure market is forecasted to expand at a high-value CAGR of 9.8% from 2022 to 2030. Revenue from the market in 2022 is valued at US$ 69.2 billion and is projected to climb to US$ 146.5 billion by the end of 2030.

About Us:

Fact is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team : ...
Follow Us: LinkedIn | Twitter | Blog

MENAFN15012024004107003653ID1107721242