The increasing adoption of MIS surgeries are expected to propel the usage of spinal implants and devices over the next years

The global spinal implants and spinal devices market is expected to reach over USD 19.54 billion by 2024 according to Grand View Research, Inc.According to this new report, the introduction of novel bone growth stimulators and the increasing adoption of Minimally-Invasive Surgeries (MIS) surgeries that are relatively less-expensive are expected to propel the usage of spinal implants and devices over the forecast period.Learn about the most relevant Lumbar Screw MIS systems: https://thespinemarketgroup.com/mis/

According to a market research report released by Transparency Market Research the key reasons for the double-digit growth of this market include the rise in incidences of spine and other diseases such as kidney stone, cancer, cardiovascular diseases (CVDs) and arthritis globally that has greatly expanded the target patient population seeking MIS procedures. Similarly, rise in disposable incomes in various nations such as India, China, Brazil, Mexico and others will also augment the growth of this market since it will increase the affordability for these medical services for the patients.

The minimally invasive surgery market is divided into three categories based on product type: surgical devices, endoscopy devices, and monitoring and visualization devices. In 2012, the surgical devices segment – comprising medical robotic systems,(List of the most Relevant ROBOTS) electrosurgical devices, and ablation devices – held the largest share of the minimally invasive surgery market and this segment is also anticipated to register the highest growth rate during the forecast period.

On the basis of type of surgery, the market for minimally invasive surgeries is categorized into cosmetic, vascular, gynecological, cardiac, urological, orthopedic, breast surgery, thoracic, bariatric, and gastrointestinal. In terms of revenue, the cardiac surgery segment held the largest share of the minimally invasive surgery market in 2012 owing to rising prevalence of cardiovascular diseases and ailments across the globe. Cosmetic surgery, on the other hand, is anticipated to develop at the highest growth rate from 2013 to 2019 thanks to rising disposable incomes and increasing demand for cosmetic surgeries

Based on geography, the global minimally invasive surgery market is segmented into Asia-Pacific, North America, Europe, and Rest of the World. Among these, North America dominates the overall market thanks to large patient population, presence of leading manufacturers, and a well-defined reimbursement policy.