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

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

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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). – PowerPoint PPT presentation

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Title: 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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