Competitive Market Growth, Size, Share and Forecast to 2027 for Asia Pacific Endoscopic Spinal Surgery Market, By Type Of Surgery (Endoscopic Lumbar Discectomy, Endoscopic Lumbar Foraminotomy, Endoscopic Lumbar Laminotomy, Endoscopic Lumbar Rhizotomy, Tumor Resection, Others); By Components (Endoscope, Accessories (Imaging, Fluid Management, Others (Burr, Drills, Shavers, Motors, Resectors)), Support Services); By End User (Hospitals, Clinics, Ambulatory Surgical Centers);
The Asia Pacific Endoscopic Spinal Surgery Market will reach US$ 3,118.9 Mn by 2027 at a CAGR of 10.20% , according to the Absolute Markets Insights Comprehensive Research Report titled Asia Pacific Endoscopic Spinal Surgery Market
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Asia Pacific endoscopic spinal surgery market was valued at US$ 1,430.4 Mn in 2019 and is anticipated to grow at a CAGR of 10.2% over the forecast period to reach US$ 3,118.9 Mn in 2027. To reduce danger and complications associated with spinal surgeries and quicken patient recovery, reduce hospital stay, surgery cost among others are driving the popularity of endoscopy based minimal invasive spinal surgeries amongst patients, worldwide. Traditional open surgeries for spinal disorders have been associated with certain challenges including high bleeding, blood clots, infection, long recovery times and hospital stays among others. These drawbacks have created a high demand for minimally invasive techniques of spinal surgery which can be performed by robotic assistance, laparoscopy or endoscopy techniques. Since 1970, the use of endoscopy technology has been in used in medical diagnosis whereas use of endoscopy in surgery became commercial in 1990. With improvements in optical technology, availability of high resolution camera, light source, high speed burr, advanced irrigation pumps and other developments, endoscopy technology is widely being used in minimally invasive spine surgeries for lumbar, cervical and thoracic regions. Endoscopic spinal surgery is a state-of-the-art surgery that uses an endoscope focused down a small tubular system or micro incisions for visualization that assists surgeons with performing the surgery. These endoscopic spinal surgeries have advantages including less tissue dissection and muscle trauma, lesser blood loss, reduced damage to the epidural blood supply and consequent epidural fibrosis and scarring, minimal hospital stay, rapid functional recovery and better cosmesis (restoration, or bestowing of bodily beauty after medical procedure).
The term Asia Pacific Endoscopic Spinal Surgery Market is influenced by a number of variables, including forward/backward integration, economies of scale, the proportion of different distribution channels, elements influencing consumer behavior, such as brand loyalty, price, and accessibility of the product, capital investments, the regulatory environment, production rights and patents, marketing strategies, and other client preferences. The stakeholders in the industry will probably find this knowledge valuable, and it may even motivate them to take action.
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Asia Pacific Endoscopic Spinal Surgery Market Competitive Landscape:
The prominent companies in the Asia Pacific Endoscopic Spinal Surgery Market are:
DePuy Synthes (Johnson & Johnson Medical Devices Companies), elliquence, ENDOVISION Co., Ltd., Joimax GmbH, KARL STORZ SE & Co. KG, Richard Wolf, RIWOspine GmbH, RZ Medizintechnik, Stryker, TECHCORD Co., Ltd., Zhejiang Tiansong Medical Instrument Co., Ltd and Zimmer Biomet amongst others. The Asia Pacific endoscopic spinal surgery market is witnessing high activities from market players. The Germany based endoscopic technology solutions provider jiomax partnered with JAPAN MEDICALNEXT CO., LTD in June 2020 for distribution of its minimally invasive spinal surgery equipment in Japan. Later in June 2020
Impact of COVID-19:
This article makes observations about COVID-19 consumer behavior, demand changes, shopping trends, supply chain restructuring, market forces dynamics, and significant government involvement. The new study offers further information, analysis, projections, and estimates regarding the market effects of COVID-19.
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Much work has been devoted to studying both the present and the future as part of the study of global Asia Pacific Endoscopic Spinal Surgery Market trends. The Global Asia Pacific Endoscopic Spinal Surgery Market Growth Research Report offers comprehensive data on the Market Introduction, Market Summary, Global Market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and National levels.
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Asia Pacific Endoscopic Spinal Surgery Market Regional Insights
The promotion activities of non-profit organizations including Asia Pacific Spine Society present in the region are promoting minimally invasive endoscopic spine surgery technique adoption in the region. In 2018 India registered the highest share in Asia Pacific endoscopic spinal surgery market. The cost of minimally invasive spine surgeries in India is comparatively lower than other nations. These low prices are attracting a large number of spinal surgery patients and increase medical tourism in India. The National Investment Promotion and Facilitation Agency of India states that India is the fastest growing medical tourism market among Asia Pacific countries and is anticipated to hold a market share of approximately 20.0% of the global medical tourism in 2020. High number of medical tourists coupled with low surgery costs are generating high demand for endoscopic spinal surgery in India. Presence of old age population in Japan is driving the demand for endoscopic spinal surgeries thus, propelling its market share in Asia Pacific endoscopic spinal surgery market. The study analyses the market in terms of revenue across all the major countries, which have been bifurcated into countries.
The report provides a comprehensive examination of a number of factors, including the distribution of the Asia Pacific Endoscopic Spinal Surgery Market in significant geographic areas. North America, Europe, Asia-Pacific, and Latin America are the key geographical emphasis areas of the study.
Why the Asia Pacific Endoscopic Spinal Surgery Market Report is Beneficial?
The Asia Pacific Endoscopic Spinal Surgery Market study was constructed using a comprehensive and modern research approach. The study contains a large amount of data on the most current technological and product advancements in the Asia Pacific Endoscopic Spinal Surgery Market and offers a complete analysis of the market competition for the Asia Pacific Endoscopic Spinal Surgery Market. The numerous evaluations of how these upgrades may affect the ongoing growth of Asia Pacific Endoscopic Spinal Surgery Market In the research report for the Asia Pacific Endoscopic Spinal Surgery Market study, extensive historical data and analysis are presented.
The graphical data representations used in the Asia Pacific Endoscopic Spinal Surgery Market report, such as bar graphs, statistics, pie charts, etc., make the report’s insights obvious and simple to comprehend. Asia Pacific Endoscopic Spinal Surgery Market Segmentation:
Based on the makeup of the product and the intended use for which it is to be used, various divisions have been made within the Asia Pacific Endoscopic Spinal Surgery Market market. The growth rate and market share of each market segment are assessed. The experts have also investigated prospective areas where the producers could make money in the ensuing years. Thanks to the accurate volume and value estimates provided by the geographical analysis, market participants can better understand the entire industry.
Asia Pacific Endoscopic Spinal Surgery Market:
By Type of Surgery
Endoscopic Lumbar Discectomy Endoscopic Lumbar Foraminotomy Endoscopic Lumbar Laminotomy Endoscopic Lumbar Rhizotomy Tumor Resection Others By Components
Endoscope Accessories Imaging Fluid Management Others (Burr, Drills, Shavers, Motors, Resectors) Support Services
By End User
Hospitals Clinics Ambulatory Surgical Centers Global Asia Pacific Endoscopic Spinal Surgery Market by Region Asia Pacific Endoscopic Spinal Surgery Market
North America US Canada Mexico Rest of North America Europe Germany France Italy Spain UK Nordic Countries Denmark Finland Iceland Sweden Norway Benelux Union Belgium The Netherlands Luxembourg Rest of Europe Asia-Pacific Japan China India Australia South Korea Southeast Asia Indonesia Thailand Malaysia Singapore Rest of Southeast Asia Rest of Asia-Pacific The Middle East & Africa Saudi Arabia UAE Egypt South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America Absolute Markets Insights
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