Endoscopic Spinal Surgery Market: Overview

Endoscopic spinal surgery is a non-invasive procedure to perform complex spinal surgeries with the help of an endoscope. Endoscope is an instrument used by surgeon to view internal body parts. Endoscope spinal surgeries are quick and pain less as compared to the traditional spinal surgeries. The demand for endoscopic spinal surgery is increasing owing to its ability of less collateral tissue damage. This is expected to drive the global endoscopic spinal surgery market during the forecast period.

Endoscopic Spinal Surgery Market: Notable Developments

 Some of the recent developments that may favor the endoscopic spinal surgery market are:

  • Ozop Surgical, a key manufacturer in the endoscopic spinal surgery market has adopted a latest technology called Balloon Lumbar Interbody Fusion (BLIF). It will allow the company to produce implant of any size, shape or dimensions. This is expected to offer a significant boost to the global endoscopic spinal surgery market.
  • In December 2018, Mazor Roboitcs merged with Medtronic, a market leader in spine implants, navigation, and intra-operative imaging technology. As per a company statement, both the companies are working to offer a fully-integrated procedural solution for surgical planning, and execution of endoscopic spinal surgery.
  • Mazor Robotics, introduced a highly precise procedure for endoscopic spinal surgery with the combination of four key technologies. The name of these technologies are 3D analysis, advanced algorithms, patient connection platform, cross modality image registration. This is expected to increase accuracy of endoscopic spinal surgery.

Apart from above, some of the prominent players operating in the endoscopic spinal surgery market are Zimmer Biomet, Stryker Corporation, Depuy Synthes, Medtronic, and Globus Medical Inc.

Endoscopic Spinal Surgery Market: Key Growth Dynamics

The endoscopic spinal surgery market is likely to grow at a significant pace in the coming years. This is mainly because of the factors such as growing adoption of minimally invasive spinal surgeries, and increasing technological advancements in spinal surgery. Apart from this, rise in prevalence of obesity and degenerative spinal conditions across the globe are some of other factors expected to propel demand for the endoscopic spinal surgery market.

Moreover, growing incidence of posture induced back pain, accidents, age related spinal degeneration, are some more factors expected to boost demand for the endoscopic spinal surgery.

On the flipside,   delay in FDA product approvals and increasing case of medical device failures are the two major factors likely to hamper growth of the endoscopic spinal surgery market. Along with this, high costs of endoscopic spinal surgery is discouraging patients to opt for the endoscopic spinal surgery market.  Moreover, lack of clinical trials are restricting novel therapeutics to be used for a large patient base.

Nevertheless, introduction of robot-assisted total knee replacement surgery is another factor likely to open new avenues for the growth of the endoscopic spinal surgery market. This is because robot-assisted total knee replacement surgery has a lower failure rate as compared to the traditional endoscopic spinal surgery market.

Endoscopic Spinal Surgery Market: Regional Outlook

Among all the regions, North America is likely to dominate the global endoscopic spinal surgery market throughout the forecast period. This is due to factors such as rising geriatric population, favorable medical reimbursement plan, and developed healthcare infrastructure in the region. Along with this, presence of key players in the region also offers a substantial boost to the endoscopic spinal surgery market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Endoscopic Spinal Surgery Market

Pre Book