Technavio Announces the Publication of its Research Report Global MI Spine Surgery Market 2016-2020
Technavio recognizes the following companies as the key players in the global spine surgery market: DePuy Synthes, Medtronic, NuVasive, Stryker, and Zimmer-Biomet
Other Prominent Vendors in the market are: Aesculap Implant Systems, Alliance Spine, Alphatec Spine, Amedica, AOI Medical, Apollo Spine, Aurora Spine, Centinel Spine, ChoiceSpine, Cook Medical, Crosstrees Medical, Globus Medical, GS Medical USA, Intelligent Implant Systems, K2M, LDR Holdings, Life Spine, LinkSPINE, MEDICREA, NuTech Medical, Orthofix, Paradigm Spine, Precision Spine, Reliance Medical Systems, RTI Surgical, Safe Orthopaedics, SI-BONE, Smith & Nephew, Spinal Elements, SpineGuard, Spineology, ThompsonMIS, Titan Spine, TranS1, Vexim, TI, Zavation, and Zyga Technology
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Commenting on the report, an analyst from Technavios team said: The emergence of robotic spine surgery has enhanced the patient comfort and acceleration to a full life. Robot-assisted surgeries allow physicians to perform safe, less invasive surgical procedures. These robotic-assisted surgeries involve the use of robotic arms controlled by surgeons. In an alternative approach, surgeons themselves can perform the surgery by visualizing the fractured spine on a 3D imager. Surgeons use computers and image-guided systems to develop 3D images of the spine. These surgeries also allow surgeons to implant small screws, such as pedicle screws and hooks. For instance, the Mazor robotics renaissance system is one of the robotic guidance products in the US that is used for implanting devices during spine surgery. This system allows the physician to visualize and use images from a computed tomography (CT) scan, which are taken before surgery to have a blueprint for every surgical care.
According to the report, there is a paradigm shift toward MI surgeries from open surgical methods over the past few years owing to its advanced features, such as high accuracy, less blood loss, reduced hospital stay, and favorable reimbursement policies. Traditional open surgeries can cause various post-operation complications, such as excessive pain, partially collapsed lungs, blood clots, fatigue, muscle atrophy, and infections. Most surgeons use MI spine surgery to treat the severe degeneration of the disc material in the spine by placing a bone graft, resulting in the generation of a new bone that bridges the vertebrae.
Further, the report states that globally, till date, true MI spine surgeries are not widely in practice and majority of surgeons are still using conventional open surgical techniques, especially in developing and low-income countries. MI techniques require continuous learning, appropriate training, experience, and superior infrastructure to perform with accuracy. For instance, MI surgery techniques in spinal surgeries are performed with minimal disruption of the muscles, ligaments, and other tissues that support the spine. The requirement of using specialized instruments such as microscopes, endoscopes, retractors, and other spinal instrumentation allow only trained surgeons to perform MI spine surgeries. Thus, there is an increase in demand for trained surgeons because of the growing number of surgeries globally. However, a surgeon carrying out an MI surgery should be highly experienced and trained professional because the process involves complications such as difficulty in handling instruments, restricted vision, and the need for proper hand-eye coordination.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About MI Spine Surgery
MI spine surgery utilizes advanced and innovative technology to treat back and neck pain caused by various spinal disorders. Special instruments and viewing systems are used by surgeons to work through small incisions. These include endoscopes, tubular refractors, and image guidance systems. The demand for MI surgery is increasing owing to fewer injuries to the tissue, less pain, a higher accuracy rate, reduced hospital stay, and low cost.
Technavios analysts forecast the global MI spine surgery market to grow at a CAGR of 7.57% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global MI spine surgery market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales sales of products used in MI spine surgeries.
The market is divided into the following segments based on geography:
Technavio’s report, Global MI Spine Surgery Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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