MIS Sacroiliac Joint Fusion Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025
Report ID: GMI3848
MIS Sacroiliac Joint Fusion Market size is expected to grow significantly from 2019 to 2025.
MIS sacroiliac joint fusion market is estimated to witness lucrative growth over the forecast period. Increasing prevalence of sacroiliac joint inflammation will fuel demand for MIS sacroiliac joint fusion procedures. Sacroiliac joint problems are caused due to trauma, spine surgeries, postpartum injuries, inflammatory conditions, infection, idiopathic and congenital problems. As evident from the facts mentioned in NCBI, in 2016, sacroiliac joint is the cause of origination of lower back pain among 15-30% population. Above mentioned factors coupled with increasing popularity of MIS joint fusion procedures among healthcare providers will stimulate industrial growth
Improving reimbursement scenario for sacroiliac joint fusion procedures is projected to increase its preference over forthcoming years. For instance, a renowned medical device company SI BONE has received exclusive reimbursement policies for iFuse implants a minimal invasive surgical product that proves beneficial for the business growth. However high cost of sacroiliac joint fusion procedure may create affordability issues thereby, restraining business growth during forecast period.
Hospital segment should witness robust growth during the forthcoming years. Increasing preferences for minimal invasive joint fusion procedures at hospitals will prove beneficial for the segmental growth. Hospitals are well-equipped with advanced medical devices that enables the hospitals to provide superior quality minimally invasive surgeries. Moreover, hospitals covered under public healthcare sector receive funds from government. This scenario ensures availability of technologically upgraded devices in the hospitals that should further surge the segmental growth.
North America mis sacroiliac joint fusion market is projected to witness significant growth during forecasted period. Considerable regional growth can be attributed to the rising number of R&D practices undertaken by key players to develop advanced implant and other products required during surgical procedures. Moreover, favorable regulatory environment and rising healthcare expenditure in this region will boost the regional market growth for mis sacroiliac joint fusion devices.
Some of the major players operating in MIS sacroiliac joint fusion industry include SI-BONE, Medtronic, Zimmer Biomet, Orthofix, Zyga Technology, Xtant Medical, Globus Medical and Life Spine. Market players are adopting strategies such as novel product launch, partnerships and acquisitions to garner higher market share and sustain market competition. For instance, SI BONE has launched iFuse Implant System immediate sacroiliac (SI) joint stabilization and allow long-term fusion
MIS Sacroiliac Joint Fusion Market By End-user, 2014-2025 (USD Million)
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Zimmer Biomet
- Zyga Technology
- Xtant MedicalRoche
- Globus Medical
- Life Spine
- SIGNUS Medizintechnik
- VGI Medical
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