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
1. Executive Summary
2. Introduction
3. Procedure Numbers
6. Market Analysis and Forecast
7. Drivers and Limiters
List of Tables
List of Figures
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 |