MIS Sacroiliac Joint Fusion Market REPORT OVERVIEW
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The global MIS sacroiliac joint fusion market size was USD 280.9 million in 2021 and market is projected to touch USD 1138.1 million by 2031, exhibiting a CAGR of 15.0% during the forecast period.
Minimally invasive surgery (MIS) sacroiliac joint fusion is a surgical process that is responsible for the fusion of the iliac bone (pelvis) with the spinal. A sacroiliac joint is a joint in the pelvis that is held by several ligaments in the human body. It is a surgical process carried out to cure joint pains, spinal instability, cancers, trauma, infection, and others. It can be performed in a minimally invasive manner or an open surgery of sacroiliac joints. It improves recovery time and cures patients effectively. The demand for advanced joint treatment is increasing rapidly. The MIS sacroiliac joint fusion treatment helps repair the joint and improves its ability to absorb shocks for the spinal cord.
The demand for advanced surgical procedures and medical treatment is increasing rapidly because of the prevalence of joint and spinal problems among the population. It effectively cures cord problems and improves the functionality of the patients. Increased spending on advanced healthcare procedures is expected to fuel the demand for joint fusion surgery. In addition, the rising demand for minimally invasive surgeries may boost the growth of the MIS sacroiliac joint fusion market.
COVID-19 Impact: Increasing Cases of Health Problems to Fuel Demand for Advanced Healthcare Procedures
The COVID-19 pandemic has negatively affected several markets worldwide. The demand for advanced healthcare procedures is expected to increase the adoption of the product rapidly. The demand for advanced healthcare procedures is increasing rapidly because of the prevalence of several spinal problems. Its rising demand from the healthcare sector is expected to improve demand and allow manufacturers to produce advanced processes. Governments invest heavily in the development of advanced healthcare procedures such as MIS sacroiliac joint fusion because of its ability to cure disorders efficiently. The production activities of healthcare equipment are increasing rapidly because of the demand for healthcare equipment and medical gear. The use of technologically advanced production machinery has empowered manufacturers to reduce labor costs and recover costs. MIS joint infusion is an effective tool that effectively cures joint problems. Therefore, these factors are estimated to propel the market growth during the pandemic.
LATEST TRENDS
"Rising Demand for Minimally Invasive Procedures to Facilitate Industry Growth"
The adoption of MIS sacroiliac joint fusion is increasing rapidly because of the rising demand for minimally invasive surgical procedures. The rising cases of joint problems such as arthritis among the elderly population are responsible for the industry growth. As per the information provided by the National Health Portal of India, the frequency of osteoarthritis is the most common disorder among women of 65 years and above. Minimally invasive procedures are used because of their high recovery rate. The geriatric population is unable to recover effectively from open surgeries, which, in turn, boosts the demand for minimally invasive sacroiliac fusion surgeries. Improper posture, bumps, excessive driving, and inactive lifestyle lead to the prevalence of spinal injuries. The adoption of sacroiliac fusion efficiently eliminates problems related to bone marrow. It is a procedure that efficiently eliminates disorders from bone and enables patients to recover fast.
It is used to cure bone marrow disorders because of its ability to reduce pains and enhance recovery time. Evolving health preferences and increased spending capacity on advanced medical procedures are responsible for the growth of the MIS sacroiliac joint fusion market.
MIS Sacroiliac Joint Fusion Market Segmentation
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- By Type Analysis
By type, the market is classified into Open Surgery and Minimally Invasive Surgery.
The minimally invasive segment is expected to soar because of the strong demand for treatment procedures that facilitate fast recovery. The minimally invasive surgical procedures provide excellent accuracy and precision and allow surgeons to perform tasks effectively. The improvement in material quality and effectiveness of the procedures provokes manufacturers to produce medical instruments and devices in bulk. Therefore, these factors may aid the market's growth.
- By Application
Based on application, the market is categorized into ASC and Hospitals.
The ambulatory surgical centers (ASC) segment is expected to lead the market because of the convenience and speed of surgery. The procedures do not require admission and are performed on the visiting day. It is an effective procedure that is extensively used by several patients because of the speed and recovery time. Hectic schedules of the patients fuel the growth of the surgical centers, thereby promoting industry growth.
DRIVING FACTORS
"Prevalence of Lower Back Pain to Foster Industry Growth"
MIS sacroiliac joint fusion is used extensively to cure several problems associated with the spinal cord. The surgical procedure increases the recovery rate and cures the body effectively. The increasing cases of lower back pain and adoption are attributable to improper sitting and sleeping posture and desk-bound jobs. This factor increases healthcare's adoption. It is an extremely safe and reliable procedure that effectively cures patients with minimal incision. It enhances the joint's strength and allows the body to improve joint strength between limbs. It fastens patient recovery and successfully eliminates the disorder in an effective manner. SI-BONE offers a sacroiliac fusion procedure named iFuse that allows surgeons to accurately reach joints and fix the damage in specific areas. It is an extremely precise and effective method for curing joint problems.
"Increased Spending on Advanced Healthcare Device and Treatment Procedures to Fuel Industry Growth"
The evolving lifestyle of consumers and the technological advancement in medical science have led to the development of advanced implant technologies. It uses several devices to insert repairing agents that enhance joint strength. Heavy government investments in healthcare infrastructure have led to the adoption of advanced medical processes. It is an extremely effective healthcare tool that cures several complex joint pain problems. Manufacturers aim to use advanced materials that minimize incisions and boost the precision of the surgical instrument to improve effectiveness. As per the information provided by the National Library of Medicine, the rate of open surgery touches approximately 20%-90% and 13%-100% for MIS surgery. It is used extensively to cure joint pains because of the procedure's effectiveness. The production of joint fusion devices is increasing rapidly because of their demand from medical professionals. These factors would drive the MIS sacroiliac joint fusion market growth.
RESTRAINING FACTORS
"Lack of Awareness Regarding the Benefits of the Treatment Procedure to Hinder Market Growth"
The lack of awareness regarding the benefits of the minimally invasive surgical process acts as a major restraining factor for the industry. This results in the adoption of alternative options such as anti-inflammatory drugs and open surgery. Concerns regarding the effectiveness and reliability of MIS sacroiliac fusion surgery hamper its adoption radically. Therefore, these factors are expected to hamper the growth of the market.
MIS Sacroiliac Joint Fusion Market REGIONAL INSIGHTS
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"Presence of Developed Healthcare Infrastructure to Boost Market Growth in North America"
North America is expected to dominate the MIS sacroiliac joint fusion market share because of the development of infrastructure facilities in the U.S. Technological advancements in healthcare and abundance of raw materials allow manufacturers to set up their facilities in major cities of the region. Furthermore, evolving lifestyle and rising infrastructure facilities lead to the MIS sacroiliac joint fusion surgical procedure's adoption. Government backing for the citizen's health leads to the development of easily accessible surgical facilities and hospitals that utilize the technology. These factors are estimated to propel market growth.
Europe is expected to be the second-largest shareholder because of the availability of advanced healthcare facilities. Rapidly developing infrastructure facilities and increasing demand for advanced healthcare facilities shall boost the MIS sacroiliac joint fusion surgical procedure's implementation. Increased healthcare expenditure and rapid development are estimated to boost the MIS sacroiliac joint fusion market development.
In Asia Pacific, rapid urbanization and increasing demand for advanced healthcare services shall boost the demand for implant technologies. Rapid technological advancements in healthcare technology in developing and developed countries such as India and China are estimated to develop the market. In countries such as India, lower treatment facilities and government subsidies lead to the adoption of advanced facilities.
In Latin America and the Middle East & Africa, increasing purchasing power and improving lifestyle are likely to propel the demand for minimally invasive surgical procedures. This factor is expected to bolster market growth.
KEY INDUSTRY PLAYERS
"Strategies Devised by Key Players Increase Implementation of MIS to Help Players to Grow"
Prominent companies operating in the market invest heavily in research and development to enhance the quality of MIS devices to increase efficiency. The adoption of better components and stronger materials enable medical professionals to successfully undertake surgeries and solve disorders effectively. This strategy empowers companies to improve their sales drastically and improve annual revenues. The adoption of expansion strategies enables manufacturers to set up manufacturing facilities in several regions and satisfy the demand for advanced healthcare services. This strategy can expand their market reach considerably. Further, the adoption of technologically advanced production techniques improves their production quality, improves efficiency, reduces labor cost and resource consumption, boosts the production capacity of healthcare devices, and achieves set goals. This strategy shall enable them to achieve a remarkable market position.
List of Market Players Profiled
- SI-BONE
- Medtronic
- Zimmer Biomet
- Orthofix
- Zyga Technology
- Xtant Medical
- Globus Medical
- Life Spine
- CoreLink
- VGI Medical
- SIGNUS Medizintechnik
INDUSTRY DEVELOPMENT
March 2021- Aurora Spine Corporation a manufacturer of medical devices launched a proprietary minimally invasive surgical system named SiLO™ Posterior SI Joint Fusion System. It is specifically made for posterior sacroiliac fusion surgical procedures.
REPORT COVERAGE
This report highlights the leading segments and the recent market trends. It comprehensively discusses the impact of COVID-19 and the driving and restraining factors. Observes strategies deployed by the major key players and the regional developments. Informs readers about the various business decisions undertaken by companies that help them grow.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 280.9 Million in 2021 |
Market Size Value By |
US$ 1138.1 Million by 2031 |
Growth Rate |
CAGR of 15% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What will be the MIS sacroiliac joint fusion market expected to touch by 2031?
MIS sacroiliac joint fusion market size is expected to reach USD 1138.1 million by 2031.
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What is the expected CAGR of the MIS sacroiliac joint fusion market by 2031?
The MIS sacroiliac joint fusion market is expected to exhibit a CAGR of 15.0 % during the forecast period.
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What are the opportunities and challenges for the MIS sacroiliac joint fusion market?
Prevalence of lower back pain, increased spending on advanced healthcare devices and treatment procedures are the opportunities for the market. Lack of awareness regarding the benefits of MIS sacroiliac joint fusion surgery can challenge the growth of the MIS sacroiliac joint fusion market.
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Will increasing the awareness of SI joint dysfunction and improvements in diagnostic procedures help for growth?
As per our research, increasing awareness of SI joint dysfunction and improvements in diagnostic procedures shall help for growth.
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Which are the leading companies in the MIS sacroiliac joint fusion market?
SI-BONE, Medtronic, Zimmer Biomet, Orthofix, Zyga Technology, Xtant Medical, Globus Medical, Life Spine, CoreLink, VGI Medical, and SIGNUS Medizintechnik are the leading companies in the MIS sacroiliac joint fusion market.