Title: The Projected CAGR For Endoscopic Spinal Surgery Market To Be 8% Between 2021 - 2031
1Endoscopic Spinal Surgery Market
Report Id PMRREP19993 Category Life Science
Healthcare
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3The Projected CAGR For Endoscopic Spinal Surgery
Market To Be 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
4Key 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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