The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global XLIF Surgery Market is expected to reach USD 2,557.74 million by 2024 from USD 1,644.68 million in 2016, at a CAGR of 5.7% in the forecast period 2017 to 2024.
The major factors driving the growth of this market are the rising number of minimally invasive procedures, increasing number of spinal disorders and growing number of geriatric population. On the other hand, higher expenses of treatment procedures, increasing research on substitutive treatments and stringent reimbursement policies.
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On the basis of product type
- XLIF Interbody Cages
- XLIF Interbody Fusion Systems
In 2017, the XLIF Interbody Cages is expected to dominate the global XLIF surgery market with 75.8% market share and U.S. XLIF surgery market share with 73.3%.
On the basis of end user
- Spinal Surgery Centers
Among these, in 2017 hospitals segment is expected to dominate the market and the trend is expected to remain the same till 2024.
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Some of the major factors driving the market for global XLIF surgery market are rising number of minimally invasive procedures, increasing number of spinal disorders and growing number of geriatric population. These factors increase the demand for XLIF surgery in patient.
- XLIF surgery market is growing due to increasing number of the minimally invasive surgery.
- The higher costs of the XLIF surgeries are restraining the growth of the market.
NuVasive Inc. is going to dominate the XLIF surgery market following with, RTI Surgical Inc. and K2M Inc. along with others such as Spine Wave, Inc., Tyber Medical LLC., K2M, Inc., Johnson & Johnson Services Inc., Titan Spine, DIO MEDICAL, OsteoMed, ZIMMER BIOMET.
- XLIF surgery is the method in spinal fusion surgery, which is a minimally invasive procedure performed through the side (lateral) of the body to treat spinal disorders.
- XLIF interbody cages are having major share in global XLIF Surgery market in 2016.
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