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Global Endoscopic Spinal Surgery Market Size Study, by Product Type, by Procedure Type, by End User and Regional Forecasts 2022-2032

Global Endoscopic Spinal Surgery Market Size Study, by Product Type,...

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Global Endoscopic Spinal Surgery Market Size Study, by Product Type, by Procedure Type, by End User and Regional Forecasts 2022-2032
Global Endoscopic Spinal Surgery Market...
Report Code
RO1/103/2847

Publish Date
13/Aug/2024

Pages
200
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The Global Endoscopic Spinal Surgery Market is valued approximately at USD 576.52 million in 2023 and is anticipated to grow with a healthy growth rate of more than 7.4% over the forecast period 2024-2032. Endoscopic spinal surgery offers a minimally invasive alternative to open spine surgery, achieving comparable or superior outcomes. This approach utilizes micro-sized incisions and minor tubular systems connected to an endoscope to visualize internal structures. Endoscopic spinal surgery, which employs indirect visualization, has surpassed traditional methods involving direct visualization of internal organs, thus allowing surgeons to obtain high-quality images during surgery. This technique facilitates effective surgery with minimal invasion, resulting in faster recovery and reduced pain. Moreover, the adoption of minimally invasive surgeries is rising globally due to their benefits, such as less pain, shorter hospital stays, faster recovery, and greater patient compliance. These advantages over traditional surgery are driving the demand for endoscopic spinal surgery in the healthcare sector.

According to a report by Neurospine in 2020, approximately 266 million individuals worldwide suffer from degenerative spinal conditions, accounting for 3.63% of the global population, with the highest incidence rates in Europe (5.7%) and the lowest in Africa (2.4%). Both high-income and low-income populations are affected by spinal disorders, impacting healthy individuals, athletes, and those with complex medical problems. A common spinal issue, prolapsed intervertebral disc, affects both young and older patients with degenerative conditions. Traditional treatment options fail in more than 10% of cases, necessitating effective and accurate treatments. Endoscopic spinal surgery emerges as a preferred treatment, driving demand and market growth.

The key region in the Global Endoscopic Spinal Surgery Market includes North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In 2023, North America dominates the market, attributed to its advanced healthcare infrastructure. The region benefits from advanced healthcare infrastructure, a high prevalence of spinal disorders, and early adoption of minimally invasive surgical techniques. Additionally, North America boasts a strong presence of leading medical device manufacturers and healthcare providers specializing in spinal surgeries. Furthermore, increased awareness among both healthcare professionals and patients about the benefits of endoscopic spinal surgery has fueled demand. These procedures offer advantages such as smaller incisions, reduced recovery times, and lower risks compared to traditional open surgeries, appealing to a growing patient demographic. The Asia-Pacific region is expected to witness the highest growth rate, driven by increasing healthcare demand for accurate surgical techniques and innovations by market players.

Major market players included in this report are:
Endovision Co. Ltd
Globus Medical Inc.
Jiomax Inc.
Johnson & Johnson (Depuy Synthes Spine, Inc)
Karl Storz Se & Co. Kg
Medtronic Plc.
Medicaltek Co., Ltd.
Olympus Corporation
Richard Wolf
Stryker Corporation
Zimmer Biomet Holdings, Inc.
The detailed segments and sub-segment of the market are explained below:
By Product Type:
Endoscopes
Endoscopic Devices
By Procedure Type:
Transforaminal Endoscopic Procedures
Interlaminar Endoscopic Procedures
Endoscopic Posterior Foraminotomy and Cervical Discectomy
Endoscopic Visualized Rhizotomy
By End User:
Hospitals and Clinics
Ambulatory Surgical Centers
By Region:
North America:
U.S.
Canada
Europe:
UK
Germany
France
Spain
Italy
ROE
Asia Pacific:
China
India
Japan
Australia
South Korea
RoAPAC
Latin America:
Brazil
Mexico
Rest of Latin America
Middle East & Africa:
Saudi Arabia
South Africa
RoMEA
Years considered for the study are as follows:
Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

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