The South Korean MIS implant market was valued at $98 million in 2024 and is expected to grow at a CAGR of 8.7%, reaching $176 million by 2031.
Market growth is driven by:
- Increasing demand for minimally invasive procedures
- Technological advancements in spine endoscopy and MIS instrumentation
- A well-informed and health-conscious population opting for less invasive surgeries
The 2025 report provides an in-depth analysis of the South Korean MIS market, covering:
- MIS Interbody (IB) Devices
- MIS Pedicle Screws
- Spinous Process Fixation
- Facet Fixation
- SI Joint Devices
- Spine Endoscopes
- MIS Surgical Instrumentation
The report explores emerging trends and technological advancements across all segments.
Market Report Data Types Included
- Unit Sales & Average Selling Prices (ASP)
- Market Value & Growth Trends
- Procedure Numbers
- Forecasts Until 2031
- Historical Data (2021-2023)
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- Company Profiles & Product Portfolios
- Leading Competitors
South Korea’s Minimally Invasive Spinal Implant Market Trends
Rising preference for MIS procedures due to:
- Reduced tissue damage
- Lower complication rates
- Faster recovery times
- South Korea’s healthcare-conscious population is increasingly opting for MIS solutions over traditional open surgeries.
- Technological advancements in spine endoscopy and robotic-assisted MIS techniques are further driving adoption.
South Korea’s Minimally Invasive Spinal Implant Market Share Insights (2024)
1 Joimax - Market Leader
- Leading competitor in the South Korean MIS market.
- Dominates the endoscope segment.
2 Richard Wolf - Strong Competitor
- Second-largest competitor in the MIS market.
- Holds the second-largest share in the endoscope segment.
3 Medtronic - Third-Largest Competitor
- Leading competitor in the MIS interbody device and pedicle screw segments.
Market Segmentation Summary
MIS Interbody Device Market - Further segmented into:
- Minimally Invasive Posterior Lumbar Interbody Fusion (MIPLIF)
- Minimally Invasive Transforaminal Lumbar Interbody Fusion (MITLIF)
- Lateral Lumbar Interbody Fusion (LLIF)
- Oblique Lumbar Interbody Fusion (OLIF)
MIS Pedicle Screw Market - Further segmented into:
- Percutaneous Cannulated
- Retractor Cannulated
- Retractor Non-Cannulated
- Spinous Process Fixation Market
- Facet Fixation Market
- MIS SI Joint Fusion Market
- Spine Endoscope Market
Research Scope Summary
- Regions Covered
- South Korea
- Base Year: 2024
- Forecast Period: 2025-2031
- Historical Data: 2021-2023
Quantitative Coverage
- Procedure Numbers
- Market Size & Growth Rates
- Unit Sales & ASP
- Market Shares & Forecasts through 2031
Qualitative Coverage
- Market Growth Trends & Limiters
- Competitive Analysis & SWOT for Top Competitors
- Mergers & Acquisitions
- Company Profiles & Product Portfolios
- FDA Recalls & Regulatory Developments
- Disruptive Technologies & Emerging Innovations
- Disease Overviews
Data Sources
- Primary Interviews with Industry Leaders
- Government Physician Data
- Regulatory Data
- Hospital Private Data
- Import & Export Data
- Internal Database
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- A-Spine
- Integra LifeSciences
- AND Science & Technology
- JMDM
- ATEC Spine
- Joimax
- Apiary Medical
- KangLi Orthopaedics
- Asap Endoscopic Products
- Karl Storz
- Aurora Spine
- L & K
- B. Braun
- Life Instruments
- BAUI Biotech
- Life Spine
- BK Meditech
- Maxer Endoscopy
- BM Korea
- Medacta International
- BMK
- Medfix Instruments
- BioMech Poanan Biotech
- Medi-Tech
- Bless ALL
- Medline
- Boss Instruments
- Medtronic
- CTL Amedica
- Medyssey
- Chunlizhengda Medical
- Mizuho Medical
- DIO Medical
- Norer Medical
- DePuy Synthes
- Orthofix
- Double Medical
- Precision Spine
- Drappon Medical
- Razek Equipamentos
- GS Medical
- SI-BONE
- Globus Medical/NuVasive
- SIGNUS Medical
- Huvexel
- SOLCO
- IDEAL Medical
- STERIS Corporation
- INTAI
- Sanyou Medical
- Innomed
- SeaSpine
- Shanghai Kinetic
- Teijin
- Shanghai Shiyin Photoelectric
- Teleflex
- Sklar
- Tian Song
- SpineCraft
- Tonglu Ba Medical
- Spineart
- U & I Corporation
- Spineology
- Weigao Medical
- Spirt Spine
- Weigao Orthopedic
- Stryker
- Wiltrom Medical
- TDM
- Xtant Medical
- TeDan Surgical Innovations
- ZimVie/Highridge Medical
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 108 |
Published | February 2025 |
Forecast Period | 2024 - 2031 |
Estimated Market Value ( USD | $ 98 Million |
Forecasted Market Value ( USD | $ 176 Million |
Compound Annual Growth Rate | 8.7% |
Regions Covered | South Korea |