Disposable Spinal Instruments Market
Disposable Spinal Instruments Market: By Product Type,By Procedure, By End User : Global Market Analysis, Trends, Opportunity and Forecast, 2020-2025Request Sample Request Discount
The global disposable spinal instruments market was valued at US$ 47.4 million in 2019 and expected to reach US$ 92.6 million by 2025, expanding at a CAGR of 9.3% from 2020 to 2025.
The spine is human body’s vital and central support structure. It keeps the body upright and also connects the different parts of skeleton to each other. The spine is made up of a chain of bones. Although it is made up of bones, it is flexible due to presence of elastic ligaments and spinal disks. There are a lot of instruments used to treat the diseases caused in the spinal cord and related body parts. Reusable instruments are been used since ages for the treatment but in recent years disposable instruments are also getting attention.
Disposables spine instruments are preferred mainly because they are known for eliminating the surgical site infections possibilities post-spine surgeries. These instruments are also in demand as the doctors all over the globe are following the individualized treatment algorithms and preoperative decolonization programs. Due to this any instrument used for one particular patient cannot be used for another patient. Disposable spine instruments have not only emerged as an advantage for surgeons but they also affected patients by lowering the risks of mortality.
Healthcare providers are promoting the disposable spine instruments as effective, safer, and economic alternatives to their reusable counterparts, with their major focus being on preventing infection and cross-contamination. As the healthcare and medical industry moves towards the outcome-based models, use of sterilization equipment and individual package offering continue to grow since the last few years, complementing the growth of the global spine instruments market. Disposable instruments, products, and kits will succeed due to hospitals' cost reduction and increasing demands. The switch to disposable spinal instruments is now getting attention globally. Disposable spinal instruments are becoming a vital cost reduction parameter for hospitals, distributors, insurance companies and healthcare reimbursement agencies. The other benefits of the disposable spinal instruments include various factors such as reduced sterilization cost. prevention of post-operative infections caused by the instruments' cross contamination and easy to manage sterile packed implants.
Major drivers for the growth of disposable spinal instrument market include increasing number of outpatient procedures, and rapid shift from inpatient to outpatient surgeries for spine-related diseases. Moreover, the number of spinal surgeries is also increasing owing to the growing awareness among surgeons about cost-effective treatments. Besides, the availability of reimbursement guidelines for outpatient surgeries is also expected to fuel the disposable spinal instruments market's growth. Apart from these direct growth particulars, the number of end users, such as ambulance surgical centers in developing countries, has boosted the number of outpatients surgeries, which is also expected to impact the overall market growth for disposable spinal instruments positively.
Growth in the number of spinal surgeries and the raising adoption of new technologies has increased the demand for disposable spinal instruments. This will result in offering lucrative opportunities in the disposable spinal instruments market during the forecast period. Moreover, recent and ongoing developments in the spinal surgeries sector, including material, devices, and advancements in implementation techniques, have expanded options in product ranges. These factors are offering significant opportunities for the growth of the disposable spinal instruments market.
Europe and North America lead the market for disposable spinal instruments in terms of revenue however emerging markets are expected to hold high growth potential in coming years. Growth in the number of spinal surgeries and increased adoption of minimally invasive spine technologies has upheld the sales of disposable spinal instruments in these markets significantly. According to the data published in 2016, Only In U.S., more than 15 Million surgeries are performed annually. Between 2% and 5% of patients from these surgeries are estimated to develop a nationwide surgical site infection each year. Such Surgical site infections are among the most commonly occurring HAIs in the U.S., and are the most expensive to treat. With the availability of various disposable devices and kits the healthcare industry reduces the incidence of surgical site infections and HAIs.
Manufacturers of spine instruments are investing in advancing their product designs and expanding their additive manufacturing capabilities. Hence the research and development of spine devices continues to evolve, and this has a significant impact on patient care. All the major manufacturers are currently working on expanding their product portfolios to cater to the demand of disposable instruments from the healthcare industry. Major companies are increasing their global footprints through acquisitions as well product development. In one of such instance, Spine Surgical Innovation recently launched a wide range of disposable spinal instruments including disposable drill, disposable forceps, and disposable surgical blades. Such product launches are expected to attract more consumers towards the disposable spinal instruments.
The global disposable spine instruments market is segmented based on product type, procedure, end user, and region. Based on product type the market is fragmented into Instrumental kits and Systems. The Instrumental kits segment is further sub segmented into cervical, and lumbar. Based on procedures the market is divided into Spinal Fusion, and Decompression Surgeries. On end user basis the market is bifurcated into hospitals, orthopedic clinics, and ambulatory surgical centers. On the regional segment basis the market is divided into North America, Europe, Asia-Pacific, and LAMEA region.
Some of the key players analyzed in the disposable spinal instruments market report include ECA Medical, Xenco Medical, Intelligent Implant Systems, LLC, TeDan Surgical Innovations, LLC, Providence Medical Technology, Inc., Paradigm Spine, Safe Orthopaedics, SA, and Joimax GmbH.
Custom Research Requirement? Questions to ask?Get in touch
Custom Research requirement.