The global MIS sacroiliac joint fusion market size was USD 201 million in 2019. The COVID-19 pandemic has negatively affected several markets worldwide. This market is expected to positively impact this market during the COVID-19 pandemic. As per our analysis, the market is expected to reach USD 503 million by 2026, exhibiting a CAGR of 14.7 % during the forecast period. The sudden spike in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Minimally invasive surgery (MIS) sacroiliac joint fusion is a surgical process that is responsible for the fusion of the iliac bone (pelvis) with the spinal. A sacroiliac joint is a joint in the pelvis that is held by several ligaments in the human body. It is a surgical process carried out to cure joint pains, spinal instability, cancers, trauma, infection, and others. It can be performed in a minimally invasive manner or an open surgery of sacroiliac joints. It improves recovery time and cures patients effectively. The demand for advanced joint treatment is increasing rapidly. The MIS sacroiliac joint fusion treatment helps repair the joint and improves its ability to absorb shocks for the spinal cord.
SEGMENTATION
By Type Analysis
By type, the market is classified into Open Surgery and Minimally Invasive Surgery.
The minimally invasive segment is expected to soar because of the strong demand for treatment procedures that facilitate fast recovery. The minimally invasive surgical procedures provide excellent accuracy and precision and allow surgeons to perform tasks effectively. The improvement in material quality and effectiveness of the procedures provokes manufacturers to produce medical instruments and devices in bulk. Therefore, these factors may aid the market's growth.
By Application
Based on application, the market is categorized into ASC and Hospitals.
The ambulatory surgical centers (ASC) segment is expected to lead the market because of the convenience and speed of surgery. The procedures do not require admission and are performed on the visiting day. It is an effective procedure that is extensively used by several patients because of the speed and recovery time. Hectic schedules of the patients fuel the growth of the surgical centers, thereby promoting industry growth.
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