The Endoscopic Spinal Surgery Market To Flaunt A CAGR Of 8% Between 2021-2031

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Endoscopic Spinal Surgery Market
Report Id PMRREP19993 Category Life Science
Healthcare
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The Endoscopic Spinal Surgery Market To Flaunt A
CAGR Of 8 Between 2021-2031

• The global endoscopic spinal surgery market was
  valued at US 573.6 Mn in 2020, and is expected
  to exhibit a CAGR of over 8 through the forecast
  period (2021 2031).
• Rise in cases of spinal surgeries due to growing
  instances of road accidents has resulted in
  growth of the market, and an increasing geriatric
  population will further drive demand over the
  coming years. There are 1.62 Mn instrumented
  spinal procedures performed in the U.S. every
  year.
• Also, demand for minimally invasive procedures
  has increased in the last few years. It is mainly
  due to less pain and fast recovery. Launch of
  innovative technologies in the healthcare sector
  will lead to market growth. A steady growth of
  investments in emerging economies and better
  reimbursement policies will attract manufacturers
  to expand their offering in developing regions.

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19993
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Key Takeaways from Market Study

• Endoscopic devices account over 67 market share,
  globally, as they are used for spinal injury
  surgeries.
• In terms of end user, hospitals contribute to a
  large share in the market due to higher footfall
  of patients and number of surgical procedures.
• The region of North America is dominant in the
  global market for endoscopic spinal surgery, and
  will continue to remain the most lucrative
  regional market over the forecast period.
• Endoscopic spinal surgery is witnessing growing
  demand in developed and emerging economies due to
  high prevalence of spinal injuries and increasing
  road accidents. Advanced technologies are
  attracting more end users in this space, says an
  analyst of Persistence Market Research.

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