Minimally Invasive Spine Technologies | Market Insights | US | 2023
The COVID-19 pandemic significantly impacted the US minimally invasive spine technology market because restrictions on elective procedures resulted in delays to many spinal implant procedures and declining unit sales in 2019 and 2020; however, vaccinations among the US population and the easing of restrictions have since led to recovery in spinal implant procedure volumes, with growth of the market returning to previous trends by 2024. Going forward, drivers of minimally invasive spine technology market expansion include the uptake of premium innovations such as 3-D–printed implants, as well as the rising popularity of image-guided and robotic-assisted surgeries. Nonetheless, downward pricing pressure resulting from hospital budget constraints, procedure volumes shifting toward ASCs, and implant commoditization will limit overall revenue potential to some degree.
This Medtech 360 Report provides comprehensive data and analysis on the state of the market for minimally invasive spine technologies in the US from 2019 through 2031.
