Global Endoscopic Spinal Surgery Market size was valued US$ xx Mn. in 2019 and the total revenue is expected to grow about xx% from 2019 to 2027, reaching nearly US$ xx Mn.
Endoscopic Spine Surgery has revolutionized the treatment of back and neck conditions by becoming a state-of-the-art minimally invasive spine surgery device. It uses narrow tubes across millimeter-long cuts of skin, aided by a high-definition camera (called the Endoscope) for vision.
The majority of spinal surgical procedures involve the surgeon’s direct manipulation or repair or replacement of the diseased area, and the first prerequisite for achieving the surgical objectives are a clear vision of the surgical field. Historically, this has been accomplished by using long skin incisions, large tissue dissection, and at sometimes, even major bone removal due to the deep anatomical position of the spinal structure. High complications and less patient satisfaction rates have been the net resulted in demand for the endoscopic spine surgery market.
Endoscopic surgery reduces the complications and danger related to spinal surgery. The patient recovery rate also increases results in cost-saving and reduce hospital stay. These are the major factors driving the endoscopic spine surgery market in the forecasted period.
Global Endoscopic Spinal Surgery Market: Drivers and Restraints
Growing demand for minimum invasive spinal surgeries and technological development in spinal surgery are driving the market in the last few years.
The endoscopic spine surgery does not require general anesthesia and causes minimum collateral damage to the healthy tissues around the spines. Other benefits of endoscopic surgery like low blood loss, immediate recovery, less medication, and more patient satisfaction.
Growing accidents rate and back pain related medical issues are driving the endoscopic spine surgery market. As per the National Institute of Health US, 36.5% of spinal cord injuries are occurred due to car accidents, and others like sports accidents, violence, and others are less common causes. The estimated number of spinal injuries in the US is around 12000 per year. The spinal cord injury patient managing cost is around USD 3 billion each year.
The global endoscopic spinal surgery market is segmented into various regions such as North America, Europe, Middle East & Africa, South America, and the Asia Pacific. North America accounted for the xx% market share in 2019. The market is mainly driven by the growing prevalence of accidents, spinal deformities, and the aged population. September 13, 2019, National Spinal Cord Injury Database contains information on 292,000 persons are living with spinal cord injuries and 34,130 who sustained traumatic spinal cord injuries in the United States. The Asia Pacific is anticipated to be the fastest-growing endoscopic spinal surgery market. The growth in population and development of the economy driving the growth of the market.
The report covers an in-depth analysis of key development, marketing strategies, supply-side and demand-side indicators, and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopted various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, collaborations, expansion, new product launches, and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Endoscopic Spinal Surgery Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Endoscopic Spinal Surgery Market dynamics, structure by analyzing the market segments and project Global Endoscopic Spinal Surgery Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Endoscopic Spinal Surgery Market the report investor’s guide.
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Scope of the Global Endoscopic Spinal Surgery Market
Global Endoscopic Spinal Surgery Market, by Type of Surgery
• Endoscopic Lumbar Discectomy
• Endoscopic Lumbar Foraminotomy
• Endoscopic Lumbar Laminotomy
• Endoscopic Lumbar Rhizotomy
• Tumor Resection
• Other Type of Surgery
Global Endoscopic Spinal Surgery Market, by Components
• Support Services
Global Endoscopic Spinal Surgery Market, by End User
• Ambulatory Surgical Centers
Global Endoscopic Spinal Surgery Market, by Region
• Asia Pacific
• North America
• South America
• Middle East & Africa
Key players operating in Endoscopic Spinal Surgery Market
- Zimmer Biomet
• Stryker Corporation
• Depuy Synthes
• Globus Medical Inc.
• Endovision Co. Ltd.
• Joimax GmbH
• Karl Storz Se & Co. KG
• Richard Wolf
• RZ Medizintechnik
• Techcord Co. Ltd.
This Report Is Submitted By : Maximize Market Research Company
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