Product Description
The South Korean MIS implant market was valued at nearly $98 million in 2024. The market is projected to increase over the forecast period at a CAGR of 8.7% to reach $176 million.
The 2025 report on South Korea’s minimally invasive spinal (MIS) implant market provides an in-depth analysis of various segments, including MIS interbody (IB) devices, MIS pedicle screws, spinous process fixation, facet fixation, spine endoscopes and MIS surgical instrumentation. The report highlights emerging trends and technological advancements across these categories.
MARKET REPORT DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Procedure Numbers
- Forecasts Until 2031, and Historical Data to 2021
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- Company Profiles and Product Portfolios
- Leading Competitors
SOUTH KOREA’S MINIMALLY INVASIVE SPINAL PLANT MARKET TRENDS
The preference for minimally invasive procedures is a key driver in South Korea’s MIS market. These procedures are gaining traction due to their ability to minimize tissue damage, lower complication rates and expedite recovery. South Korea’s well-informed and healthcare-conscious population increasingly favors MIS solutions over traditional open surgeries, further boosting demand.
SOUTH KOREA’S MINIMALLY INVASIVE SPINAL IMPLANT MARKET SHARE INSIGHTS
- Joimax held the leading share of the South Korean MIS implant market in 2024. This was due to the company’s leading position in the endoscope segment.
- Richard Wolf held the second-leading share of the South Korean MIS market in 2024. This was due to the company’s second-leading position in the endoscope segment.
- Medtronic was the third-leading competitor in the South Korean MIS market. Medtronic was the leading competitor in the MIS interbody device and pedicle screw markets.
MARKET SEGMENTATION SUMMARY
- MIS Interbody Device Market – Further Segmented Into:
- Device Type: Minimally Invasive Posterior Lumbar Interbody Fusion (MIPLIF), Minimally Invasive Transforaminal Lumbar Interbody Fusion (MITLIF), Lateral Lumbar Interbody Fusion (LLIF), and Oblique Lumbar Interbody Fusions (OLIF).
- MIS Pedicle Screw Market – Further Segmented Into:
- Device Type: Percutaneous Cannulated, Retractor Cannulated, and Retractor Non-Cannulated.
- Spinous Process Fixation Market
- Facet Fixation Market
- MIS SI Joint Fusion Market
- Spine Endoscope Market
Research Scope Summary
Report Attribute | Details |
---|---|
Regions | South Korea |
Base Year | 2024 |
Forecast | 2025-2031 |
Historical Data | 2021-2023 |
Quantitative Coverage | Procedure Numbers, Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
Qualitative Coverage | Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |