PUBLISHER: iData Research Inc. | PRODUCT CODE: 1469304
PUBLISHER: iData Research Inc. | PRODUCT CODE: 1469304
Product Description
The US MIS spinal implant market reached a value of $2.3 billion in 2023 and is projected to grow at a CAGR of 4.6% to exceed $3.1 billion during the forecast period.
The comprehensive report suite on the U.S. market for minimally invasive spinal (MIS) implants covers various segments, including MIS interbody devices, MIS pedicle screws, spinous process fixation, facet fixation, MIS sacroiliac joint fusion, spine endoscopes, and MIS instrumentation. Despite encountering multiple challenges, growth is anticipated across all market segments. This growth is attributed to steady patient demand driven by demographics and evolving regulations favoring MIS procedures. The reduced recovery time associated with MIS surgeries is also a significant factor influencing the preference for these procedures among patients, hospitals, and surgeons over traditional spine surgeries.
Unit Sales, Average Selling Prices, Market Value & Growth Trends
Forecasts Until 2030, and Historical Data to 2020
Market Drivers & Limiters for Each Segment
Competitive Analysis with Market Shares for Each Segment
Recent Mergers & Acquisitions
Procedure Volumes
Company Profiles, Product Portfolios and SWOT for Top Competitors
COVID-19 Impact Analysis
The market for MIS interbody devices is increasingly favoring oblique (OLIF) and lateral (LLIF) lumbar interbody fusion techniques over the minimally invasive posterior (MIPLIF) and transforaminal (MITLIF) approaches. This trend is driven by the lower injury risk associated with the oblique and lateral methods, positioning them for greater growth. Nonetheless, all segments are anticipated to expand positively.
In 2023, Globus Medical's merger with NuVasive propelled them to the forefront of the U.S. minimally invasive spine (MIS) market. This combined entity not only dominated the MIS interbody device sector but also held significant positions in MIS pedicle screws, spinous process fixation, and MIS instrumentation. However, NuVasive did not enter the MIS sacroiliac joint fusion and spine endoscope segments.
Medtronic secured the runner-up position in the 2023 U.S. MIS market, showcasing impressive performance across several segments, notably MIS interbody devices, MIS pedicle screws, spinous process fixation, facet fixation, and MIS instrumentation. Unlike its leading competitor, Medtronic also did not venture into the spine endoscope market.
Other key players like DePuy Synthes, Stryker, SI-BONE, Richard Wolf, Joimax, ZimVie, and various smaller entities rounded out the competition. The U.S. MIS market is marked by the presence of numerous smaller companies, with most holding market shares of no more than 2%.
While this report suite contains all applicable market data, each of the markets are also available as stand alone MedCore reports. This allows you to get access to only the specific market segment research that you need. You can view all these included reports and segmentation here:
MIS Interbody Device Market - MedCore - Segmented by:
Device Type: MIPLIF, LITLIF, LLIF, OLIF.
MIS Pedicle Screw Market - Segmented by:
Device Type: Percutaneous Cannulated, Retractor Cannulated, and Retractor Non-Cannulated.
Spinous Process Fixation Market
Facet Fixation Market
MIS Sacroiliac Joint Fusion Market
Spinal Endoscope Market - Segmented by:
Device Type: Endoscope, and Spine Endoscope Instrumentation
MIS Spinal Surgery Instrumentation Market
Research Scope Summary
Regions: United States
Base Year: 2023
Forecast: 2024-2030
Historical Data: 2020-2022
Quantitative Coverage: Market Size, Procedure Volume, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.
Qualitative Coverage: COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios
Data Sources: Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database.
TABLE of CONTENTS
List of Figures
List of Charts
executive summary
U.S. Minimally Invasive Spinal Implant Market Overview
Competitive Analysis
Market Trends
Market Developments
Procedures Included
Procedure Codes Investigated
Markets Included
Key Report Updates
Version History
research methodology
impact of covid-19 on THE U.S. Minimally Invasive Spinal Implant Market
Disease overview
Product Assessment
U.S. Minimally Invasive Spinal Implant Market Overview
Procedure Numbers
MIS Interbody Device Market
MIS Pedicle Screw Market
spinous process fixation Market
Facet Fixation Market
MIS Sacroiliac Joint Fusion Market
Spine Endoscope Market
Minimally invasive Spinal Surgery Instrumentation Market
Abbreviations