Global Extreme Lateral Interbody Fusion (XLIF) Surgery Market Size Is Anticipated to Grow at 4.52% CAGR, Achieving $1.4 Billion by 2030

Houston, TX, July 07, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Extreme Lateral Interbody Fusion (XLIF) Surgery Market By End-User (Spinal Surgery Centers, Hospitals, And Others), By Product Type (XLIF Interbody Fusion Systems And XLIF Interbody Cages), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Extreme Lateral Interbody Fusion (XLIF) Surgery Market size & share in terms of revenue was valued at USD 982.39 million in 2022 and it is expected to surpass around USD 1398.67 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 4.52% during the forecast period 2023 to 2030.”

What is Extreme Lateral Interbody Fusion (XLIF)? How big is the Extreme Lateral Interbody Fusion (XLIF) Industry?

Extreme Lateral Interbody Fusion (XLIF) Report Coverage & Overview:

Extreme lateral interbody fusion (XLIF) surgery is a minimally invasive medical procedure that is conducted through the side of the body for the treatment of spinal disorders. XLIF has been a helpful procedure for reducing persistent leg and back pain even in patients that have not shown accurate responses to other treatments including pain medication, steroid injections, and physical therapy. In some cases, the procedure may require the use of implants such as rods and screws. The XLIF surgery industry is growing with the increasing number of spine-related surgeries conducted across the globe. In XLIF, the medical professional targets the space between spinal discs from the lateral side of the patient's body.

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Global Extreme Lateral Interbody Fusion (XLIF) Surgery Market: Growth Dynamics

The global extreme lateral interbody fusion (XLIF) surgery market is expected to grow due to increases due to the growing geriatric population. The chances of infection in XLIF procedures are relatively less when compared to other forms of spinal disorder treatment. XLIF is known to be a minimally invasive medical procedure, unlike other spine-related operational processes. In this method, doctors make smaller incisions that result in reduced blood loss, less postoperative pain, and faster recovery times. In addition to this, growing advancements in surgical technology and an increasing number of spinal injuries caused by accidents and other forms of trauma may result in a better growth trajectory. The extreme lateral interbody fusion surgery industry expansion especially concerns the innovation of better imaging technologies and the development of more advanced navigation systems, robotic-assisted surgery, and intraoperative imaging.

The lack of access to proper medical care could lead to reduced growth in the global extreme lateral interbody fusion surgery market. The Memon Healthcare Institute Hospital claims that nearly 50% of the Pakistani population does not have access to primary medical care. Moreover, factors such as limited application for severe cases and potential associated complications further impact XLIF surgery's reputation.

The growing investment toward technological advancement may provide growth opportunities while the existing competition from alternate methods of spine-related surgery may challenge market expansion.

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Report Scope

Extreme Lateral Interbody Fusion (XLIF) Surgery Market: Segmentation Analysis

The global extreme lateral interbody fusion (XLIF) surgery market is segmented based on end-user, product type, and region.

Based on end-user, the global market segments are spinal surgery centers, hospitals, and others. The highest growth was observed in the hospitals segment in 2022 especially centers with dedicated spine centers or departments. Most of the large hospitals are equipped with doctors, medical professionals, and diagnostic tools required to conduct every form of surgery. For instance, in March 2023, The spinal surgery centers are likely to witness higher growth due to growing efforts toward increasing investments. The regional governments along with private companies are working toward increasing investment and funding in such centers. Companion Spine proudly announced the addition of USD 5 million in funding bringing its Series A financing to a total of USD 60.1 million. The company has already received USD 55 million by February 2022. It is a spine pain-management company that mainly deals with the treatment of degenerative disc diseases (DDD) and lumbar spinal stenosis (LSS).

Based on product type, the extreme lateral interbody fusion surgery industry segments are XLIF interbody fusion systems and XLIF interbody cages. The demand for both product types is equally high. The former product type is a comprehensive set of instruments, implants, and accessories required for the XLIF surgical procedure. It includes specialized retractors, dilators, bone graft instruments, screws, rods, and other instruments. XLIF interbody cages, on the other hand, are implantable devices specifically designed for interbody fusion in XLIF surgeries. They are placed between adjacent vertebrae to restore disc height, decompress nerves, and facilitate fusion. These cages are considered the primary component of the procedure and hence are more commonly used. In 2018, NuVasive, Inc, a leading player in the market, introduced the XLIF® Lordotic Expandable (XLX) Interbody System after receiving 510(K) approval from the US FDA.

The global Extreme Lateral Interbody Fusion (XLIF) Surgery Market is segmented as follows:

By End-User

• Spinal Surgery Centers
• Hospitals
• Others

By Product Type

• XLIF Interbody Fusion Systems
• XLIF Interbody Cages

Browse the full “Extreme Lateral Interbody Fusion (XLIF) Surgery Market By End-User (Spinal Surgery Centers, Hospitals, And Others), By Product Type (XLIF Interbody Fusion Systems And XLIF Interbody Cages), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” Report at https://www.zionmarketresearch.com/report/extreme-lateral-interbody-fusion-xlif-surgery-market

Competitive Landscape

Some of the main competitors dominating the global Extreme Lateral Interbody Fusion (XLIF) Surgery Market include - 

• Medtronic plc
• Johnson & Johnson
• Stryker Corporation
• Zimmer Biomet Holdings Inc.
• NuVasive Inc.
• Globus Medical Inc.
• DePuy Synthes
• B. Braun Melsungen AG
• Alphatec Holdings Inc.
• RTI Surgical Holdings Inc.
• K2M Group Holdings Inc.
• Orthofix Medical Inc.
• Aesculap Implant Systems
• SpineWave Inc.
• MicroPort Scientific Corporation
• Life Spine Inc.
• Captiva Spine Inc.
• CoreLink Surgical LLC
• CTL Medical Corporation
• Providence Medical Technology Inc.
• Safe Orthopaedics
• Spinal Elements Holdings Inc.
• Spineology Inc.
• Wenzel Spine Inc.
• Xenco Medical

 Key Insights from Primary Research:

• As per the analysis shared by our research analyst, the global extreme lateral interbody fusion (XLIF) surgery market is estimated to grow annually at a CAGR of around 4.52% over the forecast period (2023-2030)
• In terms of revenue, the global extreme lateral interbody fusion (XLIF) surgery market size was valued at around USD 982.39 million in 2022 and is projected to reach USD 1398.67 million, by 2030.
• The extreme lateral interbody fusion surgery market is projected to grow at a significant rate due to the growing prevalence of spinal disorders
• Based on end-user segmentation, hospitals were predicted to show maximum market share in the year 2022
• Based on product type segmentation, XLIF interbody cages were the leading type in 2022
• On the basis of region, North America was the leading revenue generator in 2022

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Key questions answered in this report:

• What is the market size and growth rate forecast for Extreme Lateral Interbody Fusion (XLIF) industry?
• What are the main driving factors propelling the Extreme Lateral Interbody Fusion (XLIF) Surgery Market forward?
• What are the leading companies in the Extreme Lateral Interbody Fusion (XLIF) Industry?
• What segments does the Extreme Lateral Interbody Fusion (XLIF) Surgery Market cover?
• How can I receive a free copy of the Extreme Lateral Interbody Fusion (XLIF) Surgery Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By End-User, By Product Type, and By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

During the period covered by this estimate, the global extreme lateral interbody fusion (XLIF) surgery market will expand at a rate that is greatest in North America. This is mostly because to the existence of a solid medical infrastructure in the region of the United States, as well as improved accessibility to primary and advanced medical care in the region of Canada. According to estimates compiled by The Commonwealth Fund between 2017 and 2018, little under 37 percent of the total population of Canada was covered by a medical insurance plan of some kind. In addition to this, the United States has seen a significant amount of medical tourists. According to estimates provided by the United States International Trade Commission, between 100,000 to 200,000 people go to the United States each year for medical treatment. Europe is another big market for XLIF procedures due to the highly established healthcare systems in nations like Germany, the United Kingdom, France, and Italy, as well as the rising occurrence of spinal diseases. According to estimates provided by the Council of Europe, around 11,000 new cases of spinal-related diseases are added to the list of people who struggle with these challenges each year.

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

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