The number of spinal surgeries has steadily increased over the last few year, owing to the constantly aging population. Spinal surgeries have become more minimally invasive, efficient and amenable to disposable instruments and kits in the past few years. Disposable spinal instruments are single use equipment. They are cost-effective and high quality instruments, driven by sustainable material, process and design innovation. Disposable spinal instruments are a better alternative to reusable spinal instruments as the risk of infection and cross infection is lower. Furthermore, they eliminate all the costs associated with operating an autoclave for sterilization of instruments. Disposable spinal instruments improve clinical management, infection control and improve patient care. They reduce the risk of infection, avoid cumbersome and unreliable logistics of instrument sterilization and save costs for hospitals. The demand for improved quality of life and surgeries and increasing awareness regarding hygiene surges the demand for disposable spinal instruments in healthcare facilities and hospitals globally.
Disposable Spinal Instrument Market: Drivers and Restrains
Advancements in ergonomic and robust surgical treatments and the advent of disposable spinal instruments promote broader adoption across medical products. Disposable spinal instruments are on the rise as medical device designers, manufacturers and surgeons have viable alternatives to the traditional reusable instruments. Disposable spinal instruments are simple, sterile and reduce financial and operational burden, which drives the disposable spinal instruments market. Increasing awareness among the population regarding hygiene in developing economies and favorable government initiatives that promote the usage of disposable spinal instruments also boost the demand for these instruments globally. On the other hand, the significant amount of waste generated restrains the growth of the disposable spine instrument market.
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Disposable Spinal Instrument Market: Overview
The disposable spinal instrument market is expected to grow during the forecast period, owing to an increase in the usage of disposable instruments in various healthcare settings and an increase in the number of healthcare professionals using disposable spinal instruments, owing to their advantages over reusable kits. Spinal fusion surgeries are anticipated to grow during the forecast period owing to increasing in number of surgeries and advancements in minimally invasive surgeries. The hospital segment accounts for the highest revenue share, owing to increasing awareness about spinal disorders and the increasing number of surgeons. Ambulatory surgical centers is the fastest growing segment in the disposable spinal instrument market, owing to an increase in outpatient spinal disorder surgeries.
Disposable Spinal Instrument Market: Regional Overview
Region wise, the global disposable spinal instruments market can be classified into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America, followed by Europe, is estimated to account for a major share. Increasing adoption of disposable spinal instruments and increase in the number of spinal surgeries, owing to a rise in geriatric population, are some of the factors contributing to the market growth in these regions. Increasing demand for disposable spinal instruments in developed countries is leading to an increase in the number of major manufacturers and product launches. Asia Pacific is pegged to be the fastest growing region, owing to an increase in medical tourism, improving healthcare infrastructure and growing awareness among the population. Latin America and Middle East & Africa are anticipated to witness significant growth during the forecast period, due to increasing economic stability and developing healthcare infrastructure in countries such as Brazil.
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Disposable Spinal Instrument Market: Key Players
Some of the key players in the disposable spinal instrument market are Safe Orthopaedics, Kapp Surgical Instrument Inc., ECA Medical Instruments, Inc., Xenco Medical and others.