Four notes:
1. The U.S. market for minimally invasive spinal implants is dominated by Medtronic, DePuy Synthes and NuVasive, according to iData Research.
2. In 2020, Medtronic was the leading competitor in the U.S. minimally invasive surgery market and the minimally invasive pedicle screw market, and held second position in the minimally invasive interbody device market, the report found.
3. The minimally invasive spinal implant market fell to $2 billion in 2020, a 6 percent decrease from 2019. The drop was attributed to strong headwinds from COVID-19 and a lack of trained physicians, according to iData Research.
4. By 2027, iData Research projects the minimally invasive spinal implant market to hit almost $3 billion. Market growth is expected to be driven by demographic factors, time efficiency and physician education.
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
