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 the market research analysts at Technavio, the minimally invasive (MI) spine surgery market is anticipated to witness impressive growth and will post a CAGR of more than 7% during the forecast period. With the increasing popularity of physician-owned ambulatory surgical centers (ASCs), the market for MI spine surgery is expected to have a positive outlook over the coming years.
The MI procedure performed for implantation of cervical implants is safe and considerably reduces the risk of infections, the need for blood transfusion, and the duration of hospital stays. This has encouraged surgeons to carry out these surgical procedures in outpatient settings and ASCs. Moreover, this trend is likely to continue as many complicated open surgeries will undergo rapid transition to MI surgeries. This also presents an opportunity for surgeons to invest setting their own ASCs to perform various cervical spine surgeries in outpatient settings.