iData Research has conducted a thorough analysis on the varying market trends that follow the Minimally Invasive (MIS) Spinal Implants Market in Europe in comparison to the Open Spinal Implants Market. Though the two procedures exemplify similar characteristics with regard to their procedures, their market trends are drastically different and are forecasted to grow at differing rates from 2022 & beyond. By providing in-depth information about the homogenous market’s features and trends we hope this analysis is advantageous for potential future investment opportunities.
Due to the consequences of COVID-19, the spinal market (both MIS & open) saw a severe decline in evaluation planning and procedure processes resulting from cancellations and delays of essential surgeries that could not continue without supplementary knowledge on the virus.
The European market for Spinal Implants is considered to be the most exciting and controversial segment of the orthopedics market. Traditionally, this market was considered a segment of the overall orthopedic market, but due to rapid growth and a developed market size, many manufacturers view spine as a key business division apart from traditional orthopedics.
Historically, the majority of spinal implants in Europe were accomplished through large incisions during open surgical procedures. The European Spinal Implants Market has grown a total of 2.2% & is forecasted to increase by 2026. However, with the introduction of new technologies that follow the MIS Implant market, it is important to note that iData predicts the MIS market will increase substantially by 5.2% by 2026, respectively.
We see this increase in the MIS Spinal Implant Market due to market drivers following the minimally invasive process. Most patients, if given the opportunity will quickly choose these procedures rather than traditional open fusion surgeries. With less invasive techniques, patients reduce their risk of muscle and tissue damage or complications and limit their overall operating time. Overall, outcomes have been largely positive, further favoring the use of minimally invasive surgical techniques over open.
To conclude, although both markets suffered severe market losses throughout the pandemic, they are both forecasted to increase by a healthy percentage into the years to come. However, the Minimally Invasive Spinal Implant Market is forecasted to surpass and succeed the Open Spinal Implant Market in Europe by 2028. Overall, the new technologies that follow this market will benefit both the patient as well as the operator in the long term. Minimally invasive spinal implants provide hope for an innovative future that is foreseeable and exciting for all involved. For more information on the European Minimally Invasive Spinal Implant Market, including unit sales, average selling prices, market drivers and limiters, competitive market share analysis, and more, follow the link below to receive a free research summary of this report.