The minimally invasive spinal implants market reached nearly $2 billion in 2020, and it's expected to hit close to $3 billion by 2027, according to iData Research.
Three things to know:
1. The market saw a decrease in 2020 compared to 2019 because of the COVID-19 pandemic and lack of trained physicians in minimally invasive spine surgery. iData's analysis looked at MIS interbody devices, pedicle screws, spinous process fixation, facet fixation, MIS sacroiliac joint fusion, spine endoscopes and MIS instrumentation markets.
2. Growth is largely driven by the advantages of minimally invasive spine surgery, including reduced trauma and hospital stays.
3. Medtronic, NuVasive and DePuy Synthes were named as the dominating companies in the market.