Disposable Spinal Instruments Market Expected to Reach US$ 86 Mn by 2026

The latest market report published by Brisk Insights “Disposable Spinal Instruments Market - Growth, Future Prospects, Competitive Analysis, 2018 - 2026,” the global disposable spinal instruments market was valued at US$ 42.7 Mn in 2017 and expected to reach US$ 86.0 Mn by 2026, expanding at a CAGR of 8.1% from 2018 to 2026. 

Market Insights 

Globally, there has been a growth in incidence of healthcare acquired infections, both in hospitals and ambulatory surgery centers. Disposable medical instruments assist in reducing healthcare burden while also reducing the cost of and labor for cleaning and sterilization of reusable instruments. Growing numbers of outpatient procedures has been among the prime economic variables affecting the spinal surgery market. An anticipated momentous shift from inpatient to outpatient surgical procedures for spinal conditions is anticipated to result in presenting a prominent growth potential for disposable spinal instruments.

As the awareness among the surgeons about providing cost effective solutions and cures increase, the number of spinal surgeries shall grow. Furthermore, improving availability of reimbursements for procedures performed in ambulatory surgery centers and orthopedic clinics in resource scarce locations and to reduce the growing burden on hospitals will augment the market growth.

Browse the full report Disposable Spinal Instruments Market - Growth, Future Prospects, Competitive Analysis, 2018 – 2026 report at https://www.briskinsights.com/report/disposable-spinal-instruments-market

Technological development in spine devices continue to advance. This phenomenon has a prominent impact on patient care; at present all the market incumbents have increased their research activities and are continuously increasing their product portfolio. Medical device companies are positioning themselves in the spinal surgery market through mergers, partnerships and acquisitions. 

The reimbursements for minimally invasive procedures and outpatient care are consistently increasing. As the overall number of outpatient surgeries is anticipated to increase through the future years, the reimbursements for spinal surgeries being performed in ambulatory surgery centers and orthopedic centers will expand. In terms of competitive landscape, the global disposable spinal instruments market is consolidated in nature. A majority of key market players have a stronghold in North America and Europe with their breakthrough products. Cost competitiveness is a prime area of focus for several developing markets of Asia Pacific and Latin America. The mid-sized players in this market are focused on introducing their products worldwide, thereby to harness the stability in North America and Europe along with untapped opportunities in Asia Pacific.

Key Market Movements:

• Increasing prevalence of spinal injury patients and correspondingly growing number of outpatient surgeries
• Technological evolutions and advent of minimally invasive surgeries allowing use of disposable instruments for cost control and infection prevention
• Improving reimbursements and insurance covers for minimally invasive and technologically advanced surgical modalities