Endoscopic Spinal Surgery Market

Endoscopic Spinal Surgery Market by Product Type (Endoscopic Devices and Endoscopes), by Procedure Type (Interlaminar Endoscopic Procedures, Transforaminal Endoscopic Procedures, Endoscopic Posterior Foraminotomy and Cervical Discectomy, and Endoscopic Visualized Rhizotomy), by Technology (2D and 3D), and End User (Hospitals, Ambulatory Surgical Centers, and Specialty Spinal Clinics), By Region - Global Market Report (2024 to 2034)

Analysis of Endoscopic Spinal Surgery Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Endoscopic Spinal Surgery Market Outlook (2024 to 2034)

The global endoscopic spinal surgery market size is estimated to be US$ 784.8 million in 2024. The market is expected to grow at a CAGR of 8.2% from 2024 to 2034. The market is anticipated to generate revenue of US$ 1,732.5 million by 2034.

The market for endoscopic spinal surgery is being driven by the utilization of an endoscope and robotics to deliver surgeries with positive results that are minimally invasive and permit faster recovery times. Market players are further increasing their share by collaborating to develop and distribute the tools required for endoscopic spinal surgery via various channels.

Rising investments in novel technologies and the launch of new surgical items are projected to create significant business opportunities for players. Modifications in dietary habits and rising healthcare expenditures are expected to favor the market for endoscopic spinal surgery.

Top Drivers Augmenting the Growth of Endoscopic Spinal Surgery Market

  • Endoscopes are widely used in endoscopic spinal surgeries as they allow the completion of challenging spine operations in a non-invasive manner. Complementing this fact, surgeons employ endoscopes to inspect the human body effectively. The demand for endoscopic spinal surgeries is increasing in comparison to conventional spinal procedures to allow for less painful, faster processes and reduced collateral tissue injury, fueling the market growth.
  • The surging popularity of minimally invasive spinal devices coupled with the rising adoption of technologically advanced options like navigation systems for endoscopic procedures is propelling market growth.
  • The growing prevalence of degenerative spinal disorders, the increasing occurrence of obesity, rising cases of accidents, and posture-related back discomfort are all contributing to the increasing market size of endoscopic spinal surgery.
  • The upsurge in investments in healthcare infrastructure is encouraging manufacturers to provide products according to the specifications and requirements of the surgical facility’s set-up. This is projected to expand business possibilities for leading producers.
Report Attributes Details
Estimated Market Value (2024E) US$ 784.8 million
Forecasted Market Value (2034F) US$ 1,732.5 million
Global Market Growth Rate (2024 to 2034) 8.2% CAGR
Endoscopic Devices Segment Growth Rate (2024 to 2034) 7.7% CAGR
Transforaminal Endoscopic Procedures Segment Growth Rate (2024 to 2034) 8.8% CAGR
North America Market Share (2024) 35.6%
East Asia Market Share (2024) 12.8%
Key Companies Profiled in the Endoscopic Spinal Surgery Market Report
  • jiomax GmbH
  • Aesculap Implant Systems
  • Olympus Corporation
  • Globus Medical, Inc.
  • SpineGuard
  • Karl Storz
  • Hoogland Spine Products GmbH
  • Elliquence
  • RZ Medizintechnik
  • Depuy Synthes Spine, Inc. (Johnson & Johnson)
  • Medtronic PLC
  • MedicalTek Co., Ltd.
  • SCHÖLLY FIBER OPTIC GMBH
  • Stryker Corporation
  • Zimmer Holdings, Inc.
  • Richard Wolf (RIWOSpine)
  • Others

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What is Fueling the Endoscopic Spinal Surgery Market?

“Investments in New Technological Advancements by Key Players”

In the transforming field of spinal surgery, technological progress plays a key role in improving patient experiences and surgical outcomes. Cutting-edge technologies that support endoscopic spinal surgery include RF equipment, scope cameras, and drills. The latest scope camera, equipped with the capability of high-resolution imaging assists surgeons with unparalleled visualization, thereby ensuring precise interventions. Radiofrequency (RF) equipment is also surfacing as a critical tool, thus offering effective energy delivery for tissue modulation.

Drills ensure that structural integrity is maintained as they allow for meticulous bone work. Since minimally invasive spine surgery (MISS) is becoming the standard, the optimization and integration of these technologies have become a top priority. These technologies are expected to continue evolving, thus setting the bar for market players providing tools for spinal surgery.

Segment-wise Analysis

Based on the product type, the endoscopic devices segment is projected to acquire a share of 66.1% in 2024. The segment is anticipated to expand at a CAGR of 7.7% through 2034 due to its demand in various medical investigations. Endoscopes, however, remain the most widely adopted product, with an adoption rate of 9.2% through 2034.

On the basis of technology, the 3D segment is projected to take the leading share of 59.9% in 2024. By 2034, the segment is anticipated to expand to 61% market share. The segment is forecasted to register a CAGR of 8.4% through 2034.

By end users, hospitals are estimated to acquire a share of 48.8% in 2024. By 2034, the segment is anticipated to reach a market share of 51.9%, expanding at a CAGR of 8.9% through 2034.

Why do Endoscopic Devices Enjoy the Leading Market Share?

“Higher Preference for Endoscopic Devices Owing to their Convenience, Fast Recovery, and Less Traumatic Procedure”

Top Product Type Endoscopic Devices
Market share in 2024 66.1%

The endoscopic devices segment is anticipated to hold a market value of US$ 518.7 million in 2024. By 2034, the market value is projected to reach US$ 1,092.4 million, at a CAGR of 7.7% through 2034.

Endoscopic devices are increasingly used for the investigation of various functions in the human body. This includes the respiratory tract, the gastrointestinal tract, the female reproductive tract, and the urinary tract. Surging demand for endoscopic spinal surgery owing to their quick recovery and convenience is also catering to this segment’s growth.

Which Technology Type Accounts for a Leading Share of the Market?

“3D Technology Amasses Massive Market Share”

Top Technology Type 3D Technology
Market Share in 2024 59.9%

3D technology is anticipated to acquire a market value of US$ 470.5 million in 2024. By 2034, the segment is projected to be valued at US$ 1,056.9 million. The segment is anticipated to experience a CAGR of 8.4% through 2034. Growing demand for 3D technology in operations, including general, gynecology, urology, and laparoscopy, is projected to enhance this segment’s growth.

Which End User Drives Sales of Endoscopic Spinal Surgery Devices?

“Hospitals Drive the Demand for Market Share”

Top End User Hospitals
Market Share in 2024 48.8%

Hospitals account for a massive market share of 48.8% in 2024. Value-wise, the segment is anticipated to attain US$ 383.2 million in 2024. By 2034, the segment is anticipated to gain US$ 899.6 million. Throughout this period, the segment is projected to expand at a CAGR of 8.9%.

The increasing geriatric population, which is prone to catching viral infections, is increasing the need for endoscopic spinal surgeries. Thus increasing the revenues of the hospital sector over the forecast period.

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Country-wise Insights

The North America endoscopic spinal surgery market is projected to account for a market share of 35.6% in 2024. By 2034, the segment is projected to lose some of its share by settling at 31.9% market share. The region is anticipated to assume a CAGR of 7% through 2034.

The East Asia market is projected to capture a value share of 12.8% in 2024. By 2034, the region is anticipated to settle at 12.5%. Throughout the period, the segment is projected to register a CAGR of 8%.

Which Aspect is Boosting the Revenue of the United States Endoscopic Spinal Surgery Market?

“Increasing Spinal Cord Injuries in the United States Market”

Attribute Details
Market Value in 2024 US$ 243 million
CAGR (2024 to 2034) 7.2%

The United States market is anticipated to be worth US$ 243 million in 2024. Meanwhile, the country is set to acquire a share of 86.9% in 2024 within North America. By 2034, the country is projected to acquire a value of US$ 485 million. Over the forecast period, the country is anticipated to expand at a CAGR of 7.2%.

Increasing cases of traumatic spinal cord injuries among the geriatric population have resulted in morbidity, disability, and even mortality. Owing to widespread conditions like degenerative disc degeneration and spinal stenosis, the elderly population is more susceptible to such traumatic spinal cord injuries. Moreover, lifestyle changes like a surge in desk-bound occupations are also contributing to growing cases of spinal cord injuries.

Why is Demand for Endoscopic Spinal Surgery Rising in China?

“Innovations and Increasing Automobile Accidents Augment China Endoscopic Spinal Surgery Market”

Attribute Details
Market Value in 2024 US$ 59 million
CAGR (2023 to 2034) 7.9%

China is projected to gain market revenue of US$ 59 million in 2024. The country is set to expand at a CAGR of 7.9% to attain US$ 127 million by 2034. China further gains prominence in East Asia, with a share of 58.7% in 2024. The other leading country in the region is Japan, which is predicted to acquire a market share of 32.5% in 2024.

Increasing traffic accidents and a high senior population are placing a substantial financial burden on China. These factors are instrumental in propelling the demand for endoscopic spinal surgery. Further, surging advancements and innovations in the field of endoscopic spinal surgery are also favoring the market growth in China.

Competitive Landscape

Market players are focusing their resources on product line additions to introduce superior-quality surgical devices to the healthcare industry. Manufacturers are further investing in the development of integrated software equipped with cutting-edge technology to bring advancements in the field of endoscopic spinal surgery. Several market players are continuously developing products or entering into strategic partnerships to increase their visibility.

Recent Developments Shaping the Endoscopic Spinal Surgery Market

  • In July 2023, a Mayo Clinic neurosurgeon performed an innovative endoscopic spinal fusion surgery. Thus, advancing minimally invasive care and allowing for quicker recovery times.
  • In November 2020, Medtronic plc gained possession of Medicrea International. The latter company is one of the pioneers in the advancement of spinal surgery and uses AI, predictive modeling, and patient-specific implants.
  • In July 2023, joimax®, which is a Germany-based industry leader in fully endoscopic and minimally invasive spinal surgery, showcased itself at the ESPINEA® World Summit. The event offered joimax® an opportunity to introduce highly anticipated surgical access systems, TESSYS® Trans SAP and iLESSYS® Biportal, coupled with the latest electrosurgical probe.

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Segmentation of Endoscopic Spinal Surgery Market Research

  • By Product Type:

    • Endoscopes
    • Endoscopic Devices
  • By Procedure Type:

    • Transforaminal Endoscopic Procedures
    • Interlaminar Endoscopic Procedures
    • Endoscopic Posterior Foraminotomy and Cervical Discectomy
    • Endoscopic Visualized Rhizotomy
  • By Technology:

    • 2D
    • 3D
  • By End User:

    • Hospitals
    • Ambulatory Surgical Centers
    • Specialty Spinal Clinics
  • By Region:

    • North America
    • Europe
    • Latin America
    • East Asia
    • South Asia and Oceania
    • Middle East and Africa

- FAQs -

What was the Value of the Endoscopic Spinal Surgery Market in 2019?

The global endoscopic spinal surgery market was worth US$ 540.0 million in 2019.

What is the Sales Outlook for Endoscopic Spinal Surgery in 2024?

The endoscopic spinal surgery market is likely to be valued at US$ 784.8 million in 2024.

What is the Demand Forecast for Endoscopic Spinal Surgery over the Forecast Period?

The demand for endoscopic spinal surgery is projected to reach a market value of US$ 1,732.5 million by 2034.

What is the Growth Projection of the Endoscopic Spinal Surgery Market?

Deployment of endoscopic spinal surgery is projected to rise at a CAGR of 8.2% through 2034.

At What Rate is the Market in East Asia Predicted to Grow?

The East Asia market for endoscopic spinal surgery is forecasted to expand at a CAGR of 8% through 2034.

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Endoscopic Spinal Surgery Market

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