Spine Devices Market Share & Size Analysis, By Product (Spinal Rods, Spinal Screws, Spinal Hooks, Spinal Plates, Others), By End-user (Use of Spine Devices in Hospitals, Use of Spine Devices in Orthopaedic Clinics, Use of Spine Devices in ASC) & By Region Forecast, 2021-2031

Spine Devices Market Outlook

Sales revenue from the global spine devices market was recorded at US$ 11 Bn in 2020, and is predicted to increase 1.5X by the end of the decade. These findings are from a revised analysis performed by Fact.MR, a market research and competitive intelligence provider. Demand for spine products is anticipated to rise at a CAGR of 4.5% through 2031.

Analysts have reported that the spine devices industry accounted for a little more than 2.5% share of the global medical devices market, which was valued at around US$ 430 Bn in 2020. Manufacturers are working on developing advanced spine fixation devices that would reduce the complexity in spinal surgery procedures.

Demand Analysis of Spine Devices (2016 to 2020) Vs Market Outlook (2021 to 2031)

Demand for technologically advanced medical devices has increased substantially over the past decade, and this is also true for the spine devices industry, which has also been transformed. Spinal fusion & fixation technologies have gained popularity over the years as research on these technologies has increased. Demand for spinal fusion & fixation technologies is anticipated to see a steady rise over the decade.

The motion preservation technologies segment is also anticipated to rise at a modest CAGR over the mentioned forecast period. Demand for spinal motion preservation devices is anticipated to see an increase as the technology develops and the scope of application increases in the industry. Sales of thoracolumbar devices are also rising as more spinal fusion procedures are being performed.

Demand for minimally invasive fusion systems and demand for robotic fusion techniques is anticipated to be prominent in the market landscape. Growth of the spine devices industry can be attributed to factors such as increasing ageing population, rising instances of spinal injuries, need to simplify complex spinal procedures, technological advancements, increasing research, etc. Spinal cord stimulators are expected to be recommended by many professionals as their effectiveness is proven by research.

Top companies in the spine devices market are pushing to develop more precise and advanced devices that would decrease the complexity of spinal procedures. Demand for spine devices is anticipated to rise at a steady CAGR of around 4.5% over the decade.

What is the Outlook for Spinal Fusion Devices and Spinal Non-fusion Devices?

The global marketplace is anticipated to be dominated by spinal fusion devices, but increase in demand for vertebral compression fracture treatment devices is expected to drive the non-fusion devices segment. Latest innovations in spinal fusion devices are expected to support their demand, but eventually, non-fusion devices are expected to see increased demand.

Sales of spinal vertebral compression fracture treatment devices are expected to account for a major share in the sales of spinal non-fusion devices. Sales of spinal plates and screws are anticipated to bring in substantial revenue for the industry. Spinal plates and screws are widely used by surgeons to secure the spine and its fixation. Demand for spinal screws is expected to be the second-highest after that for spinal plates.

Increasing number of individuals suffering from disc damages and disc-related disorders are expected to propel demand for artificial discs, artificial cervical, discs, artificial lumbar discs. As a result, sales of artificial discs are expected to see an increase over the forecast period. Demand for artificial cervical discs and nuclear disc prostheses is also expected to see a steady rise over the next ten years.

Use of implantable polyetheretherketone in spinal devices is also seeing an increase as it becomes more popular in spinal procedures. As research advances, demand for spinal biologics is expected to rise at a modest CAGR over the next ten years.

What is Predicted for Spine Devices Based on Disease Indication?

Prevalence of spinal diseases and disorders has seen a substantial rise, and this trend is expected to be followed through the next ten years as well. Spinal devices for degenerative disc disease, spinal devices for complex deformity, and spinal devices for traumas & fractures are majorly being used in the industry. Use of spinal devices for complex deformity is expected to be fueled by rising research on minimally invasive procedures.

Demand for spinal devices for degenerative disc disease is expected to rise at a steady CAGR as instances of this disease are currently not as common as others. Demand for spinal devices in traumas & fractures is expected to be most prominent among all applications due to rising number of cases of trauma and fractures across the globe.

How is Demand for Spinal Bone Stimulators Expected to Evolve?

As the number of spinal procedures increases, demand for spinal simulation also increases, as it is an important part of the spinal treatment process. Spine products such as spinal cord stimulators and spine fixation devices are gaining popularity as their scope of application increases.

Spinal bone stimulators are prescribed as a supplemental form of therapy for individuals with spinal issues. Spinal bone growth stimulators are expected to be popular over the coming years as more research & development takes place on these devices.

Demand for spinal bone growth stimulators is expected to be hindered by mixed opinions and a lack of study to support their effectiveness. Invasive spine bone stimulators are expected to see less demand and see a drop in sales as the popularity of non-invasive spine bone stimulators increases. Demand for non-invasive spine bone stimulators is expected to pick pace in the latter half of the decade as more research proves their effectiveness.

Which Spinal Surgery Devices are Most Popular?

Some of the popular spinal surgery devices used are:

• Thoracolumbar Devices    
• Cervical Fixation Devices    
• Interbody Fusion Devices    
• Non-Bone Interbody Fusion Devices
• Bone Interbody Fusion Devices
• Vertebral Compression Fracture (VCF) Devices 
• Balloon Kyphoplasty Devices
• Vertebroplasty Devices
• Dynamic Stabilization Devices
•  Annulus Repair Devices
• Pulsed Electromagnetic Field Device
• Capacitive Coupling (CC) and Combined (Electro) Magnetic Field (CMF) Devices

Which Regions Should Prime Players in the Spine Devices Industry Keep a Keen Eye On?

This research details the global market across regions such as North America, Latin America, Europe, APAC, and MEA.

North America has decisively been the most lucrative market for spine device providers and is expected to continue to dominate the market in terms of share. The market in this region is driven by increasing spinal injuries, rising spinal procedures, technologically advanced healthcare infrastructure, etc.

In Europe, high demand for medical devices is expected to drive the market in the region. Demand for vertebral compression fracture (VCF) devices in Germany is anticipated to be very important for the growth of the market in the European region.

The market in the APAC region is predicted to rise at the fastest CAGR over the next ten years. Growth is majorly driven by increasing research in the region coupled with developing healthcare infrastructure.

Country-wise Analysis

What Scope Do Manufacturers of Spine Devices in U.S Have?

The U.S. is the largest market, not only in the North American region, but all over the world. High prevalence of spine injuries in the U.S. is majorly driving market growth.

Manufacturers in the U.S. can benefit from increasing potential of the nation and develop new devices that can be technologically advanced and precise than the current ones available in the market. The U.S. also has a good potential for orthopedic devices.

Will China See an Increase in Demand for Spine Devices?

China, being one of the nations with the most population, is expected to be a lucrative market for almost all kinds of medical devices. The sheer volume of the healthcare industry in the nation makes it a lucrative market for spine devices, which would also propel demand for orthopedic devices.

Demand is expected to be driven by rising geriatric population, which is expected to increase substantially by the end of the decade. The nation is also expected to see a rise in spinal injury cases and spinal disorders as the decade progresses.

Category-wise Analysis

What Does the Report Say About Sales Revenue of Spine Devices from Hospitals?

Hospitals are expected to account for a majority of revenue share in the global spine devices industry. Demand for spinal procedures requiring hospitalization is majorly driving the revenue of this segment.

Over the forecast period as well, the hospitals segment is expected to hold a prominent revenue share in the market. Demand from orthopedic clinics is expected to be second-most to that from hospitals.

COVID-19 Pandemic Impact

The pandemic that started in the first quarter of 2020 has changed the world in its own way, and especially changed the way healthcare was approached by individuals as well institutions. All production, research, and supply activities were disrupted by the pandemic as the world entered a state of lockdown. This adversely affected many industry verticals.

Research in spine devices was also affected and this slowed down market growth in 2020. But as restrictions were removed and the world was returning to normalcy in 2021, we are expected to see the market make a comeback.

Demand for spinal rods, anterior lumbar plates, lumbar plates, pedicle screw, spinal wires & cables, spinal crosslinks, anterior cervical plates, spinal hook fixation systems, interspinous process spacers, pedicle screw-based systems, facet replacement products, and other spine devices and implants are expected to see a steady rise as research & development in the spinal implants and surgery devices market paces up.

Competitive Landscape

Leading players in the spine devices market are focusing on developing new devices to reduce the complexity of spinal procedures. The focus is on developing new and advanced devices that are more precise and efficient.

• A spine technology company, Spinal Elements, in September 2021, announced the commercial launch of its two Luna XD and Orbit Systems. These products are part of the company’s newest technology range in the MIS Ultra platform, which also has procedural solutions as well.
• A leading medical device company, Centinel Spine LLC, in September 2021, announced the launch of new endplate implants. This would expand the variety of options to choose from for patients as well as medical professionals. Demand for spinal implants and devices is expected to drive such launches by different players operating in the market.
• In the first week of October 2021, Medtronic, a leading name in the medical device industry, announced the launch of three new devices to its spinal devices portfolio. They will be a part of the minimally invasive spinal ecosystem that the company is building.

Spine Devices Industry Report Scope

Key Segments Covered in Spine Devices Industry Survey

• By Product:

  • Spinal Rods
  • Spinal Screws
  • Spinal Hooks
  • Spinal Plates
  • Spinal Cages
  • Spinal Spacers
  • Motion Preservation Devices
  • Total Disc Replacement

• By End User:

  • Use of Spine Devices in Hospitals
  • Use of Spine Devices in Orthopaedic Clinics
  • Use of Spine Devices in ASCs