Market Overview:
The global intervertebral disc microsurgical instruments market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of spinal disorders, rising demand for minimally invasive surgeries, and technological advancements in surgical instruments. Based on type, the global intervertebral disc microsurgical instruments market can be segmented into reusable and disposable surgical instruments. The disposable surgical Instruments segment is expected to grow at a higher CAGR than the reusable surgical Instruments segment during the forecast period from 2018 to 2030. This growth can be attributed to factors such as rising awareness about hygiene and infection control among healthcare professionals and patients, growing preference for single-use medical devices over reusable devices, and increasing number of ambulatory surgery centers (ASCs). Based on application, the global intervertebral disc microsurgical Instruments market can be divided into hospitals, ambulatory surgery centers (ASCs), and others segments.
Product Definition:
Intervertebral disc microsurgical instruments (IVDMSI) are a type of surgical instrument specifically designed for use in the spine. IVDMSIs are used to perform procedures on the intervertebral discs, such as discectomy and annuloplasty. The importance of IVDMSIs lies in their ability to provide precision and accuracy during surgery, which can help minimize damage to surrounding tissues and improve patient outcomes.
Reusable:
Reusable surgical instruments are those medical devices which can be used more than once. The most commonly reusable surgical instrument is the scalpel, followed by forceps and retractors. Other frequently used reusable instruments are bone chisel, osteotome, bone saw and needle holders.
Disposable:
The global Disposable and it's usage in Intervertebral disc microsurgical Instruments market size was valued at USD 1.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Application Insights:
On basis of application, the global intervertebral disc microsurgical instruments market is segmented into hospitals, ambulatory surgical centers and others. The hospitals segment dominated the overall market in terms of revenue in 2017 owing to factors such as increasing number of hospital-based surgeries and an increase in prevalence of spinal disorders. According to WHO, around 300 million people are affected by spondylolisthesis worldwide which accounts for around 20% - 25%of all adults. Thus a significant rise in incidence rate coupled with growing awareness about early diagnosis is expected to drive demand for intervertebral disc surgery over the forecast period.
The ambulatory surgical centers segment is expected to grow at a lucrative CAGR during the forecast period due primarilyto an increase incidences associated with back pain and neck pain which often requires medical consultation or treatment by a spine surgeon.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period due to increasing cases of spinal surgeries, rising geriatric population, and high healthcare expenditure levels. In addition, favorable reimbursement policies are also aiding in growth of the regional market. For instance, under Medicare Part A & B covers up to 50% cost for intervertebral disc surgery and fusion procedures performed on CVD patients with a diagnosis of 2 or more stenosis bands (C-code).
Asia Pacific is anticipated to be one of fastest growing regions over the forecast period owing to factors such as improving healthcare infrastructure and economic development in emerging countries like China & India. Moreover, an increase in number of road accidents that result into spinal cord injuries will drive demand for ICD replacement surgeries over next eight years.
Growth Factors:
- Increasing incidence of spinal disorders: The increasing incidence of spinal disorders is one of the key growth drivers for the intervertebral disc microsurgical instruments market. This is because, with the increase in the number of people suffering from spinal disorders, there is an increase in demand for surgical procedures to treat these conditions.
- Rising awareness about spine health: There has been a rise in awareness about spine health in recent years, which has led to an increase in demand for treatments and surgeries for spine-related problems. This is expected to drive growth prospects for the intervertebral disc microsurgical instruments market over the forecast period.
- Technological advancements: The development of new and innovative technologies has helped improve surgical outcomes and patient safety during procedures involving intervertebral discs surgery. This is expected to fuel growth prospects for this market over the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Intervertebral Disc Microsurgical Instruments Market Research Report
By Type
Reusable, Disposable
By Application
Hospitals, Ambulatory Surgical Centers, Others
By Companies
Boston Scientific, KARL STORZ, B. Braun, Cook Medical, Medtronic, Stryker Corporation, Cloward Instruments Corporation, Zimmer Biomet, Empire Surgical, MacKay Manufacturing, Boston Scientific
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Intervertebral Disc Microsurgical Instruments Market Report Segments:
The global Intervertebral Disc Microsurgical Instruments market is segmented on the basis of:
Types
Reusable, Disposable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boston Scientific
- KARL STORZ
- B. Braun
- Cook Medical
- Medtronic
- Stryker Corporation
- Cloward Instruments Corporation
- Zimmer Biomet
- Empire Surgical
- MacKay Manufacturing
- Boston Scientific
Highlights of The Intervertebral Disc Microsurgical Instruments Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Reusable
- Disposable
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Intervertebral Disc Microsurgical Instruments Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Intervertebral disc microsurgical instruments are used to remove the intervertebral disc.
Some of the key players operating in the intervertebral disc microsurgical instruments market are Boston Scientific, KARL STORZ, B. Braun, Cook Medical, Medtronic, Stryker Corporation, Cloward Instruments Corporation, Zimmer Biomet, Empire Surgical, MacKay Manufacturing, Boston Scientific.
The intervertebral disc microsurgical instruments market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Intervertebral Disc Microsurgical Instruments Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Intervertebral Disc Microsurgical Instruments Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Intervertebral Disc Microsurgical Instruments Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Intervertebral Disc Microsurgical Instruments Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Intervertebral Disc Microsurgical Instruments Market Size & Forecast, 2018-2028
4.5.1 Intervertebral Disc Microsurgical Instruments Market Size and Y-o-Y Growth
4.5.2 Intervertebral Disc Microsurgical Instruments Market Absolute $ Opportunity
Chapter 5 Global Intervertebral Disc Microsurgical Instruments Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Intervertebral Disc Microsurgical Instruments Market Size Forecast by Type
5.2.1 Reusable
5.2.2 Disposable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Intervertebral Disc Microsurgical Instruments Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Intervertebral Disc Microsurgical Instruments Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Intervertebral Disc Microsurgical Instruments Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Intervertebral Disc Microsurgical Instruments Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Intervertebral Disc Microsurgical Instruments Analysis and Forecast
9.1 Introduction
9.2 North America Intervertebral Disc Microsurgical Instruments Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Intervertebral Disc Microsurgical Instruments Market Size Forecast by Type
9.6.1 Reusable
9.6.2 Disposable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Intervertebral Disc Microsurgical Instruments Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Intervertebral Disc Microsurgical Instruments Analysis and Forecast
10.1 Introduction
10.2 Europe Intervertebral Disc Microsurgical Instruments Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Intervertebral Disc Microsurgical Instruments Market Size Forecast by Type
10.6.1 Reusable
10.6.2 Disposable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Intervertebral Disc Microsurgical Instruments Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Intervertebral Disc Microsurgical Instruments Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Intervertebral Disc Microsurgical Instruments Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Intervertebral Disc Microsurgical Instruments Market Size Forecast by Type
11.6.1 Reusable
11.6.2 Disposable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Intervertebral Disc Microsurgical Instruments Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Intervertebral Disc Microsurgical Instruments Analysis and Forecast
12.1 Introduction
12.2 Latin America Intervertebral Disc Microsurgical Instruments Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Intervertebral Disc Microsurgical Instruments Market Size Forecast by Type
12.6.1 Reusable
12.6.2 Disposable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Intervertebral Disc Microsurgical Instruments Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Intervertebral Disc Microsurgical Instruments Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Intervertebral Disc Microsurgical Instruments Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Intervertebral Disc Microsurgical Instruments Market Size Forecast by Type
13.6.1 Reusable
13.6.2 Disposable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Intervertebral Disc Microsurgical Instruments Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Intervertebral Disc Microsurgical Instruments Market: Competitive Dashboard
14.2 Global Intervertebral Disc Microsurgical Instruments Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boston Scientific
14.3.2 KARL STORZ
14.3.3 B. Braun
14.3.4 Cook Medical
14.3.5 Medtronic
14.3.6 Stryker Corporation
14.3.7 Cloward Instruments Corporation
14.3.8 Zimmer Biomet
14.3.9 Empire Surgical
14.3.10 MacKay Manufacturing
14.3.11 Boston Scientific
