Disposable Spinal Instruments Market is anticipated to reach US$ 96.5 million by 2028

By 2022, the global disposable spinal instruments market size is estimated to be worth around US$ 59.7 million. The demand for these instruments is expected to grow at a Compound Annual Growth Rate (CAGR) of 8.3% between 2022 and 2028, reaching a total market value of US$ 96.5 million by 2028 due to an increase in hospital-acquired infection cases.

The market for disposable spinal instruments is being fueled by the rising popularity of minimally invasive treatments for common surgeries, such as spinal fusion and lumber decompression. This trend is expected to continue over the assessment period, creating attractive growth opportunities in the market. Currently, the global disposable spinal instruments market accounts for only 0.5% of total global spinal tools and devices sales.

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In 2022, the spinal fusion category is expected to dominate the disposable spinal instruments market, with a 63.2% share. The increasing number of spinal fusion procedures performed worldwide is a primary driver for the sales of disposable spinal instruments.

The number of surgical treatments performed worldwide has increased significantly in recent years due to an aging population and an increase in the prevalence of spine injuries and illnesses. However, this also raises the risk of contamination. To reduce this risk, surgeons are using disposable equipment instead of reusable ones. This is driving the expansion of the disposable spinal instrument market, which is expected to continue to grow in the future.

Several healthcare organizations, such as WHO Patient Safety, are actively trying to improve global healthcare infrastructure, reduce the number of healthcare-associated infections, and improve patient safety. These efforts will create profitable growth opportunities for the disposable spinal instruments market during the projected period.

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, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

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