Endoscopic Spinal Surgery Market: Global Industry Analysis and Forecast (2021-2027)

Endoscopic Spinal Surgery Market size was valued at US$ 573.60 Mn. in 2020 and the total revenue is expected to grow at a CAGR of 7.9% through 2021 to 2027, reaching nearly US$ 976.70 Mn.

Endoscopic Spinal Surgery Market Overview:

Endoscopic spine surgery is a cutting-edge, state-of-the-art form of minimally invasive spine surgery that allows patients to heal faster and experience less recurring pain than standard spine surgery approaches. Endoscopic spine surgery can also help you keep your spine's normal range of motion after surgery. 2D Endoscopic Spinal Surgery Devices and 3D Endoscopic Spinal Surgery Devices are the technologies of Endoscopic Spine Surgery. Transforaminal Endoscopic Procedures, Interlaminar Endoscopic Procedures, Endoscopic Posterior Foraminotomy, Cervical Discectomy, and Endoscopic Visualized Rhizotomy are the types of the procedure of Endoscopic spine surgery. Endoscopic Spinal Surgery Market To know about the Research Methodology:- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand, and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all-important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lockdown on the market in 2020 and 2021.

COVID-19 Impact on the Market:

COVID-19 was declared a global health emergency by the World Health Organization (WHO) in January 2020. The pandemic crisis is putting pressure on governments to enact fiscal and monetary policies that are expected to boost economic activity and credit markets. The healthcare expenditure in COVID-19-affected countries has risen dramatically, with the majority of funds going toward COVID-19 treatment. This had a significant impact on the medical device sector. Lockdowns and staffing shortages caused a major reduction in research and development efforts around the globe. The number of people seeking treatment for spinal injuries has decreased as hospitals and clinics focus more on COVID-19 infected patients.

Endoscopic Spinal Surgery Market Dynamics:

The demand for spinal procedures in healthcare industries is high due to the enormous number of persons suffering from spine injuries. Manufacturers are focusing on technological innovations in the field of surgical methods and instruments, due to the emergence of 2D and 3D technology. For the distribution and manufacturing of these items through numerous channels, key market participants are employing collaborative techniques. According to the World Health Organization, over 500,000 people globally suffer from spinal cord injury (SCI) each year, with vehicle accidents and violence being the leading causes. Endoscopy's growth potential is aided by the large patient pool of spinal injuries. Besides, producers are expected to have a large opportunity to grow in this market through the adoption of novel technologies and the production of new surgical products. Increased spending on healthcare infrastructure will entice manufacturers to give needs and specifications for the establishment of surgical facilities to test various applications, potentially opening up chances for endoscopic spinal surgery device suppliers. In many cases, endoscopic spine surgery has a significant benefit over standard spine surgery. Large muscular incisions with a lot of muscle disruption and bone removal are frequently required during traditional spine procedures. Endoscopic spinal surgery demand is expected to be hampered by increased risks of infection from endoscopy and severe government regulations. Endoscope reprocessing can only be done by trained medical personnel, which raises the expense. If not followed, it might have a negative impact on one's health. This is the major restraining factor that is expected to hinder the growth of the endoscopic spinal surgery market during the forecast period.

Endoscopic Spinal Surgery Market Segment Analysis:

The Endoscopic Spinal Surgery Market is segmented by Product Type, Procedure Type, Technology, and End-Users. Based on the Product Type, the market is segmented into Endoscopes and Endoscopic Devices. The endoscopic Devices segment is expected to hold the largest market shares of xx% by 2027. Endoscopic devices, which are utilised for spinal injury procedures. Because of its ease of use, less painful process, and quick recovery, minimally invasive medical devices are in high demand. Because of technical improvements in endoscopes that may be utilised for early detection of diseases and the rise in the prevalence rate of diseases that require endoscopy devices. Besides, favorable FDA approvals and reimbursement policies for endoscopy devices in developed economies, a surge in patient preference for minimally invasive surgeries, and shorter recovery times and minimal postoperative complications all contribute to the endoscopy devices segment growth. Based on the Application, the market is segmented into Endoscopic Spinal Surgery Devices at Hospitals, Endoscopic Spinal Surgery Devices at Ambulatory Surgical Centers, and Endoscopic Spinal Surgery Devices at Specialty Spinal Clinics. The endoscopic Spinal Surgery Devices at Hospitals segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. This is due to the largest installation and demand for minimally invasive spinal operations by patients. Hospital revenue was the largest among all end-users in 2020, at US$ 269.1 Mn. Endoscopic Spinal Surgery Market 1

Endoscopic Spinal Surgery Market Regional Insights:

North America region is expected to dominate the Endoscopic Spinal Surgery market during the forecast period 2021-2027. With the highest market share of 91%, the United States dominates North America and is expected to grow rapidly during the forecast period 2021-2027. In the older population, spinal cord injuries have resulted in impairment, morbidity, and even death. The onset of disorders such as spinal stenosis and degenerative disc disease puts older persons at a higher risk. According to the United States Census Bureau, more than 54 million individuals aged 65 and up lived in the United States in 2019. In addition, changes in lifestyle, such as the rise in desk occupations, are leading to an increase in spinal cord injuries, which is driving up demand for endoscopic spinal surgery in the United States. Europe region is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. Germany currently leads the European market and is expected to grow at a CAGR of 19.3%. The increasing senior population and the high number of people with spinal injuries are both contributing to this development. According to the World Health Organization, the lifetime prevalence of any fracture in Germany was found to be roughly 45% for men and 31% for women between the ages of 25 and 74, and 42% for men and 40 percent for women between the ages of 65 and 74. According to the World Health Organization, Germany has 18.09 million individuals aged 65 and older in 2019. Endoscopic Spinal Surgery Market 2 The objective of the report is to present a comprehensive analysis of the Endoscopic Spinal Surgery Market to the stakeholders in the industry. The past and current status of the industry with the 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 include market leaders, followers, and new entrants. PORTER, 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 analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Endoscopic Spinal Surgery Market dynamic, structure by analyzing the market segments and projecting the Endoscopic Spinal Surgery Market size. Clear representation of competitive analysis of key players by Product Type, price, financial position, product portfolio, growth strategies, and regional presence in the Endoscopic Spinal Surgery Market make the report investor’s guide.

Endoscopic Spinal Surgery Market Scope: Inquire before buying

Endoscopic Spinal Surgery Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 573.60 Mn.
Forecast Period 2021 to 2027 CAGR: 7.9% Market Size in 2027: US $ 976.70 Mn.
Segments Covered: 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 Technology • 2D Endoscopic Spinal Surgery Devices • 3D Endoscopic Spinal Surgery Devices
by End-Users • Endoscopic Spinal Surgery Devices at Hospitals • Endoscopic Spinal Surgery Devices at Ambulatory Surgical Centers • Endoscopic Spinal Surgery Devices at Specialty Spinal Clinics

Endoscopic Spinal Surgery Market, by Region

• North America • Europe • Asia Pacific • South America • The Middle East and Africa

Endoscopic Spinal Surgery Market Key Players

Zimmer Biomet • Stryker Corporation • Depuy Synthes • Medtronic PLC. • Globus Medical Inc. • Elliquence • Endovision Co. Ltd. • Joimax GmbH • Karl Storz Se & Co. KG • Richard Wolf • RIWOspine • RZ Medizintechnik • Techcord Co. Ltd. • Johnson & Johnson • Olympus Corporation

Frequently Asked Questions:

1] What segments are covered in the Endoscopic Spinal Surgery Market report? Ans. The segments covered in the Endoscopic Spinal Surgery Market report are based on Product Type, Procedure Type, Technology, and End-Users. 2] Which region is expected to hold the highest share in the Endoscopic Spinal Surgery Market? Ans. North America is expected to hold the highest share in the Endoscopic Spinal Surgery Market. 3] Who are the top key players in the Endoscopic Spinal Surgery Market? Ans. Zimmer Biomet, Stryker Corporation, Depuy Synthes, Medtronic PLC., and Globus Medical Inc. are the top key players in the Endoscopic Spinal Surgery Market. 4] Which segment holds the largest market share in the Endoscopic Spinal Surgery market by 2027? Ans. The endoscopic Devices segment hold the largest market share in the Endoscopic Spinal Surgery market by 2027. 5] What is the market size of the Endoscopic Spinal Surgery market by 2027? Ans. The market size of the Endoscopic Spinal Surgery market is expected to reach US $976.70 Mn. by 2027. 6] What was the market size of the Endoscopic Spinal Surgery market in 2020? Ans. The market size of the Endoscopic Spinal Surgery market was worth US $573.60 Mn. in 2020.
1. Endoscopic Spinal Surgery Market: Research Methodology 2. Endoscopic Spinal Surgery Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Endoscopic Spinal Surgery Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Endoscopic Spinal Surgery Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Endoscopic Spinal Surgery Market Segmentation 4.1 Endoscopic Spinal Surgery Market, by Product Type (2020-2027) • Endoscopes • Endoscopic Devices 4.2 Endoscopic Spinal Surgery Market, by Procedure Type (2020-2027) • Transforaminal Endoscopic Procedures • Interlaminar Endoscopic Procedures • Endoscopic Posterior Foraminotomy And Cervical Discectomy • Endoscopic Visualized Rhizotomy 4.3 Endoscopic Spinal Surgery Market, by Technology (2020-2027) • 2D Endoscopic Spinal Surgery Devices • 3D Endoscopic Spinal Surgery Devices 4.4 Endoscopic Spinal Surgery Market, by End-Users (2020-2027) • Endoscopic Spinal Surgery Devices at Hospitals • Endoscopic Spinal Surgery Devices at Ambulatory Surgical Centers • Endoscopic Spinal Surgery Devices at Specialty Spinal Clinics 5. North America Endoscopic Spinal Surgery Market (2020-2027) 5.1 Endoscopic Spinal Surgery Market, by Product Type (2020-2027) • Endoscopes • Endoscopic Devices 5.2 Endoscopic Spinal Surgery Market, by Procedure Type (2020-2027) • Transforaminal Endoscopic Procedures • Interlaminar Endoscopic Procedures • Endoscopic Posterior Foraminotomy And Cervical Discectomy • Endoscopic Visualized Rhizotomy 5.3 Endoscopic Spinal Surgery Market, by Technology (2020-2027) • 2D Endoscopic Spinal Surgery Devices • 3D Endoscopic Spinal Surgery Devices 5.4 Endoscopic Spinal Surgery Market, by End-Users (2020-2027) • Endoscopic Spinal Surgery Devices at Hospitals • Endoscopic Spinal Surgery Devices at Ambulatory Surgical Centers • Endoscopic Spinal Surgery Devices at Specialty Spinal Clinics 5.5 North America Endoscopic Spinal Surgery Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Endoscopic Spinal Surgery Market (2020-2027) 6.1. Asia Pacific Endoscopic Spinal Surgery Market, by Product Type (2020-2027) 6.2. Asia Pacific Endoscopic Spinal Surgery Market, by Procedure Type (2020-2027) 6.3. Asia Pacific Endoscopic Spinal Surgery Market, by Technology (2020-2027) 6.4. Asia Pacific Endoscopic Spinal Surgery Market, by End-Users (2020-2027) 6.5. Asia Pacific Endoscopic Spinal Surgery Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. The Middle East and Africa Endoscopic Spinal Surgery Market (2020-2027) 7.1 The Middle East and Africa Endoscopic Spinal Surgery Market, by Product Type (2020-2027) 7.2. The Middle East and Africa Endoscopic Spinal Surgery Market, by Procedure Type (2020-2027) 7.3. The Middle East and Africa Endoscopic Spinal Surgery Market, by Technology (2020-2027) 7.4. The Middle East and Africa Endoscopic Spinal Surgery Market, by End-Users (2020-2027) 7.5. The Middle East and Africa Endoscopic Spinal Surgery Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Endoscopic Spinal Surgery Market (2020-2027) 8.1. Latin America Endoscopic Spinal Surgery Market, by Product Type (2020-2027) 8.2. Latin America Endoscopic Spinal Surgery Market, by Procedure Type (2020-2027) 8.3. Latin America Endoscopic Spinal Surgery Market, by Technology (2020-2027) 8.4. Latin America Endoscopic Spinal Surgery Market, by End-Users (2020-2027) 8.5. Latin America Endoscopic Spinal Surgery Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Endoscopic Spinal Surgery Market (2020-2027) 9.1. European Endoscopic Spinal Surgery Market, by Product Type (2020-2027) 9.2. European Endoscopic Spinal Surgery Market, by Procedure Type (2020-2027) 9.3. European Endoscopic Spinal Surgery Market, by Technology (2020-2027) 9.4. European Endoscopic Spinal Surgery Market, by End-Users (2020-2027) 9.5. European Endoscopic Spinal Surgery Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Zimmer Biomet 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Stryker Corporation 10.3. Depuy Synthes 10.4. Medtronic PLC. 10.5. Globus Medical Inc. 10.6. Elliquence 10.7. Endovision Co. Ltd. 10.8. Joimax GmbH 10.9. Karl Storz Se & Co. KG 10.10. Richard Wolf 10.11. RIWOspine 10.12. RZ Medizintechnik 10.13. Techcord Co. Ltd. 10.14. Johnson & Johnson 10.15. Olympus Corporation

About This Report

Report ID80247
Category Healthcare
Published DateDecember 2020
Updated DateJan 2022
Contact Us