Market Overview:
The global spinal intervention market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to factors such as rising incidence of spine disorders, technological advancements in spinal interventions, and increasing demand for minimally invasive surgeries. The global spinal intervention market is segmented by type into open surgery and minimally invasive surgery. The open surgery segment is further sub-segmented into traditional open surgery and robotic-assisted open surgery. The minimally invasive surgery segment is further sub-segmented into percutaneous lumbar discectomy (PLD), percutaneous cervical discectomy (PCD), vertebroplasty, kyphoplasty, and others (including endoscopic spine procedures). In terms of application, the global spinal intervention market is divided into hospitals, research centers, and others (including ambulatory surgical centers/clinics). Geographically, the global spinal intervention market is analyzed across North America, Latin America, Europe Asia Pacific & Middle East & Africa.
Product Definition:
Spinal Intervention is an umbrella term that refers to a variety of medical procedures that are used to treat spinal cord injuries and other disorders of the spine. These interventions can include surgery, physical therapy, and medication. The goal of spinal intervention is to improve the patient's quality of life by reducing pain, improving function, and preventing further injury.
Open Surgery:
Open surgery is a type of minimally invasive or noninvasive surgical procedure. It's major characteristic is that it allows access to the affected part of the body through a large incision, which can be closed with minimal tissue disruption once the operation is over. Open surgeries are usually performed on patients who do not require spinal anesthesia owing to their less complicated nature and shorter recovery time than traditional spinal surgeries.
The global spine intervention market was valued at USD 6,700 million in 2015.
Minimally Invasive Surgery:
Minimally invasive surgery (MIS) is a relatively new term in the field of spinal surgery. It was introduced to avoid complications and risks associated with open surgeries. Minimally invasive procedures are less traumatic, have shorter recovery time and reduced post-operative pain compared to open surgeries.
Minimally invasive spine surgery involves surgical techniques that use small incisions making it possible for the surgeon to see the target organ or structure easily.
Application Insights:
Based on application, the global spinal intervention market is segmented into hospitals, research centers and others. Hospitals held the largest share in 2017 owing to factors such as a high volume of surgeries performed and increasing prevalence of diseases requiring surgical treatment. According to WHO, around 300 million people suffer from chronic pain due to back problems every year. Thus, growing number of patients suffering from lower limb sprain or fracture who seek medical consultation for pain relief is expected to drive demand over the forecast period.
The research centers segment is anticipated to witness significant growth over the forecast period owing to increasing R&D activities pertaining spinal disorders and minimally invasive techniques for treating them.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing cases of spinal cord injuries, rising awareness about rehabilitation after surgery, and availability of highly skilled neurosurgeons and orthopedic surgeons. In addition, high healthcare expenditure by the government is also expected to drive growth during the forecast period. Europe followed North America in terms of share owing to growing geriatric population base that requires increased medical attention for chronic disorders such as back pain or hip fracture resulting from osteoporosis or vertebral fractures caused due to poor bone mineral density (BMD). Asia Pacific is expected witness lucrative growth over the forecast period owing to improving economic conditions leading towards better health facilities with adequate infrastructure and staff complementing it with better treatment options for patients suffering from various spinal cord injuries & disorders.
Growth Factors:
- Increasing incidence of spinal cord injuries: The increasing incidence of spinal cord injuries is one of the key growth drivers for the global spinal intervention market. According to a study by the World Health Organization (WHO), an estimated 1.3 million people worldwide suffer from a spinal cord injury, with approximately 200,000 new cases occurring each year. This number is expected to rise in the coming years due to the increasing aging population and rising prevalence of road accidents and other traumatic incidents.
- Growing demand for minimally invasive surgeries: The growing demand for minimally invasive surgeries is another major driver for the global spinal intervention market. Minimally invasive surgeries are less traumatic and result in shorter hospital stays as compared to traditional open surgery procedures. They also cause less pain and blood loss, and lead to faster recovery times post-surgery. As such, they are becoming increasingly popular among patients worldwide, which is driving demand for related products and services such as those offered by the global spinal intervention market players .
Scope Of The Report
Report Attributes
Report Details
Report Title
Spinal Intervention Market Research Report
By Type
Open Surgery, Minimally Invasive Surgery
By Application
Hospitals, Research Centers, Others
By Companies
Medtronic, BioControl Medical, Boston Scientific Corporation, Abbott, Synapse Biomedical, Zimmer Biomet Holdings, Stryker Corporation, Orthofix International, Globus Medical, DePuy Synthes
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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Spinal Intervention Market Report Segments:
The global Spinal Intervention market is segmented on the basis of:
Types
Open Surgery, Minimally Invasive Surgery
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, Research 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:
- Medtronic
- BioControl Medical
- Boston Scientific Corporation
- Abbott
- Synapse Biomedical
- Zimmer Biomet Holdings
- Stryker Corporation
- Orthofix International
- Globus Medical
- DePuy Synthes
Highlights of The Spinal Intervention 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:
- Open Surgery
- Minimally Invasive Surgery
- By Application:
- Hospitals
- Research 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 Spinal Intervention 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?
Spinal intervention is a medical procedure that is used to treat spinal cord compression. This can be caused by a number of factors, including tumors, herniated discs, or other injuries. Spinal intervention may involve surgery to remove the obstruction or it may involve using medications or devices to relieve the pressure on the spinal cord.
Some of the key players operating in the spinal intervention market are Medtronic, BioControl Medical, Boston Scientific Corporation, Abbott, Synapse Biomedical, Zimmer Biomet Holdings, Stryker Corporation, Orthofix International, Globus Medical, DePuy Synthes.
The spinal intervention market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spinal Intervention 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 Spinal Intervention Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spinal Intervention 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 Spinal Intervention 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 Spinal Intervention Market Size & Forecast, 2018-2028
4.5.1 Spinal Intervention Market Size and Y-o-Y Growth
4.5.2 Spinal Intervention Market Absolute $ Opportunity
Chapter 5 Global Spinal Intervention 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 Spinal Intervention Market Size Forecast by Type
5.2.1 Open Surgery
5.2.2 Minimally Invasive Surgery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spinal Intervention 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 Spinal Intervention Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Research Centers
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spinal Intervention 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 Spinal Intervention 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 Spinal Intervention Analysis and Forecast
9.1 Introduction
9.2 North America Spinal Intervention 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 Spinal Intervention Market Size Forecast by Type
9.6.1 Open Surgery
9.6.2 Minimally Invasive Surgery
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 Spinal Intervention Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Research 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 Spinal Intervention Analysis and Forecast
10.1 Introduction
10.2 Europe Spinal Intervention 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 Spinal Intervention Market Size Forecast by Type
10.6.1 Open Surgery
10.6.2 Minimally Invasive Surgery
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 Spinal Intervention Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Research 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 Spinal Intervention Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spinal Intervention 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 Spinal Intervention Market Size Forecast by Type
11.6.1 Open Surgery
11.6.2 Minimally Invasive Surgery
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 Spinal Intervention Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Research 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 Spinal Intervention Analysis and Forecast
12.1 Introduction
12.2 Latin America Spinal Intervention 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 Spinal Intervention Market Size Forecast by Type
12.6.1 Open Surgery
12.6.2 Minimally Invasive Surgery
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 Spinal Intervention Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Research 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) Spinal Intervention Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spinal Intervention 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) Spinal Intervention Market Size Forecast by Type
13.6.1 Open Surgery
13.6.2 Minimally Invasive Surgery
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) Spinal Intervention Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Research 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 Spinal Intervention Market: Competitive Dashboard
14.2 Global Spinal Intervention Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 BioControl Medical
14.3.3 Boston Scientific Corporation
14.3.4 Abbott
14.3.5 Synapse Biomedical
14.3.6 Zimmer Biomet Holdings
14.3.7 Stryker Corporation
14.3.8 Orthofix International
14.3.9 Globus Medical
14.3.10 DePuy Synthes
