In 2022, the global Disposable Spinal Instruments Market is expected to be valued approximately US$ 59.7 Million. Because of the growth in hospital acquired infection cases, the overall demand for disposable spinal devices is expected to grow at an 8.3% CAGR between 2022 and 2028, totalling US$ 96.5 Million by 2028.
The growing popularity of minimally invasive treatments for common surgeries such as lumber decompression and spinal fusion is creating attractive growth opportunities in the disposable spinal instruments market, and this trend is expected to continue during the assessment period.
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The global disposable spinal instruments market accounts for 0.5% of total global spinal tools and devices sales.
The disposable spinal instruments market will be dominated by the spinal fusion category in 2022, with a share of 63.2%. The increasing number of spinal fusion procedures worldwide is a primary factor driving disposable spinal instrument sales.
The number of surgical treatments performed worldwide has increased significantly in recent years, owing to an ageing population and an increase in the prevalence of spine injuries and illnesses. According to a Lancet analysis, an estimated 234.2 million major surgical procedures are performed worldwide each year.
The increase in surgical operations raises the risk of contamination. Surgeons are using disposable equipment instead of reusable ones to reduce this risk. This is fueling the expansion of the disposable spinal instrument market, which is expected to continue in the future.
Several healthcare organisations, including WHO Patient Safety, are actively trying to improve global healthcare infrastructure, reduce the number of healthcare-associated infections, and improve patient safety. During the projected period, this will generate profitable growth opportunities for the disposable spinal instruments market.
Regional Insights:
What makes the United States a market leader in disposable spinal instruments?
According to FMI, the United States will continue to be one of the most profitable markets for disposable spinal tools during the projection period. The increasing number of minimally invasive spinal surgeries performed, the heavy presence of leading medical device companies, the rise in spine injury accidents, well-established healthcare infrastructure, and the presence of favourable reimbursement policies are driving the disposable spinal instruments market in the United States.
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The increase in the number of spinal surgeries in the United States has nearly increased the risk of surgical site infections (SSI). According to the National Healthcare Safety Network’s (NHSN) surveillance, an estimated 157,500 SSI infections occur in healthcare settings in the United States each year. As a result, surgeons and other medical personnel have been forced to use disposable tools.
The use of disposable devices to improve patient safety will drive the growth of the disposable spinal instruments market in the United States. Furthermore, the ongoing introduction of new innovative items will boost the country’s market growth.
Growth Projection for the UK Disposable Spinal Instruments
The disposable spinal instruments market in the United Kingdom is expected to grow rapidly due to rising health awareness, an ageing population, and an increase in the occurrence of spine injuries and diseases.
Every year in the United Kingdom, approximately 2500 persons are wounded or diagnosed with a spinal cord injury, according to the Spinal Injury Association (SIA). As a result, the number of spine injuries in the country has increased significantly. This is a primary driver driving the disposable spinal tools market in the United Kingdom.
Similarly, rising medical tourism and the presence of favourable legislation are driving the growth of the disposable spinal instrument market in the United Kingdom. Because of the presence of highly developed facilities, trained professionals, and higher success rates, a large section of the world’s population prefers to seek spine therapy in the United Kingdom.
Key Companies Profiled:
- ECA Medical
- Providence Medical Technology, Inc.
- Xenco Medical
- Paradigm Spine
- Intelligent Implant Systems, LLC,
- Safe Orthopaedics, SA
- TeDan Surgical Innovations, LLC
- Joimax GmbH
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Disposable Spinal Instruments Market by Category
By Product Type:
- Instrument Kits
- Cervical
- Lumbar
- Systems
By Procedure:
- Spinal Fusion
- Decompression Surgeries
By End User:
- Hospitals
- Orthopaedic Clinics
- Ambulatory Surgical Centers
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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