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Spinal Surgery Products Market

Spinal Surgery Products Market

Spinal Surgery Products Market Analysis By Device (Fusion Devices, Non-fusion Devices & Others) By Disease Indication (Degenerative Disc Disease, Complex Deformity, Traumas/Fractures & Others) By End-Use and By Region – Global Market Insights 2022 to 2032

Spinal Surgery Products Market
FACT7559MR
  • Jul-2022
  • List of Tables : 84
  • List of Figures : 112
  • 170 Pages
  • Healthcare

Spinal Surgery Products Market Outlook (2022-2030)

The global spinal surgery products market enjoys a valuation of over US$ 11 billion in 2022 and is set to further expand at a CAGR of 4.3% to reach US$ 15.5 billion by the year 2030.

Demand for spinal implants and surgical devices has increased with the cost of products coming down all the time. As a result, the market for spinal surgery equipment is expanding steadily across the world.

Report Attributes

Details

Spinal Surgery Products Market Size (2022E)

US$ 11 Billion

Forecasted Market Value (2030F)

US$ 15.5 Billion

Global Market Growth Rate (2022-2030)

4.3% CAGR

Key Companies Profiled

  • Zimmer Biomet
  • Stryker Corporation
  • Depuy Synthes
  • Medtronic
  • Globus Medical Inc. 
  • RTI Surgical Holdings
  • Ulrich GmbH & Co. KG
  • B. Braun Melsungen AG
  • Seaspine Holdings Corporation

Interested to Procure The Data

Spinal Surgery Product Sales Analysis (2017-2021) Vs. Market Outlook (2022-2030)

In many spinal procedures, spinal devices are utilized to address fractures, deformities, and disc degeneration. A few of these are cervical and thoracolumbar devices, artificial discs, interbody devices, annulus repair devices, dynamic stabilization devices, and spinal compression fracture devices.

Age-related spinal abnormalities and degenerative disorders are becoming more common, which is helping to increase the demand for spinal surgery devices. In addition, the market is anticipated to be further fuelled by rising outpatient spine procedures and government spending on spine care.

High demand for orthopedic spine devices has also prompted several significant strategic alliances and the introduction of brand-new products by major players to broaden their product lines and geographic reach.

  • The purchase of Paradigm Spine, LLC by RTI Surgical in November 2018 to increase its selection of non-fusion spine devices is expected to have a positive impact on the spinal implants & surgery devices market.

Numerous technical developments are impacting the spinal surgery products market. To enhance clinical results, many firms have created spine navigation technologies.

Additionally, individualized implants that best suit patients are becoming more popular. Furthermore, the use of 3D printed implants is gradually growing, which is likely to support the market growth for spinal surgery devices as a whole.

According to Fact.MR, a market research and competitive intelligence provider, expanding at a CAGR of 4.3%, the global spinal surgery products market is projected to reach US$ 15.5 billion by 2030.

Spinal surgery products market forecast by Fact.MR

Which Market Trends are Augmenting Sales of Spinal Surgery Products?

“Rising Cases of Spinal Surgeries Due to Various Disease Indications”

The number of spinal procedures has dramatically increased as a result of the increasing prevalence of spine illnesses worldwide. The need for spinal surgery devices has thus increased as a result.

Surgery on the spine is typically done to address degenerative disc disease and fix birth defects. Furthermore, the market is anticipated to rise throughout the forecast period due to the rising number of spinal fracture patients.

The market is expected to be further stimulated during the forecast period by factors such as the general transition and increasing demand for minimally invasive spinal treatments, the quick adoption of biologics in spinal fusion, and a significant increase in several cervical and lumbar disc replacement surgeries.

“Advancements in Spinal Surgery Technologies”

Innovative orthopedic implants and devices that give better care to patients with spinal illnesses have been introduced as a result of technological breakthroughs in the spinal devices sector.

Orthopedic spine devices are likely to see an increase in demand as prominent manufacturers now put a greater emphasis on offering less invasive treatments and personalized implants.

  • DePuy Synthes introduced the CONDUIT Implants portfolio in September 2019, which contains 3D-printed interbody implants that facilitate spinal fusion.

Spinal fusion industry growth is predicted to be accelerated by the introduction of comparable products by significant competitors.

Moreover, breakthrough technologies and solutions for spinal operations have been made possible thanks to strategic partnerships between different manufacturers, which are expected to drive the spinal surgery products market during the forecast period.

Which Regions Should Spinal Surgery Product Manufacturers Focus On?

“Presence of Key Market Players & High Prevalence of Chronic Illnesses Driving Sales of Spinal Surgery Equipment in North America & Europe”

The market is anticipated to be dominated by North America throughout the forecast period. The reasons for North America's dominance in the global market are new product releases, strategic alliances, increasing biologics research, and an increase in the prevalence of spinal illnesses.

The main factors driving market expansion in Europe include favourable health reimbursement, strong demand for medical equipment in Germany and the U.K., and rising rates of spine surgery. It is anticipated that government funding and active investment will dominate the Europe market.

Due to the rising geriatric population, increasing prevalence of degenerative illnesses, and lower back discomfort, the demand for orthopedic spine devices in the Asia Pacific region is anticipated to soar during the projected period.

One of the main factors boosting the spine surgery products market in Latin America, the Middle East, and Africa is the expansion of prominent manufacturers' distribution networks in emerging countries and rising healthcare spending.

Country-wise Insights

How is the Market for Spine Surgery Products Evolving in the U.S.?

“Rising Cases of Orthopedic & Increasing Rate of Senior Population Driving U.S. Demand for Orthopedic Spine Devices”

In the North American region, the U.S. dominates the spine surgery products market.

  • According to a survey by the Centers for Disease Control and Prevention on the health status of U.S. adults, 50.2 million Americans, or around 20 percent of the population, report having chronic pain on most or all days.

During the projection period, this factor is anticipated to increase demand in the U.S. for orthopedic spine devices.

Why is Demand for Spinal Surgery Products Rising Steadily in Australia?

“Rising Cases of Back & Bone Pain Set to Increase Spinal Surgery Products Market Share”

In Australia, 80,000 people experience persistent back pain that lasts for three months or more. By the year 2050, 5.23 million Australians may experience chronic back pain, according to www.sleepysexpress.com.au.

During the forecast period, the market in Australia is expected to expand at a fast pace.

Category-wise Analysis

Which Spinal Surgery Devices are Gaining Immense Popularity?

“Growing Use of Biologics in Orthopaedic Operations Driving Demand for Fusion Spinal Surgery Devices”

The market is divided into fusion devices, non-fusion devices, and stimulation devices based on the type of product.

Due to the considerable rise in spinal fusion procedures and the availability of numerous spinal fusion solutions, the fusion devices sector is anticipated to dominate the market in terms of revenue.

The section for fusion devices is further broken down into biologics, cervical, thoracolumbar, and interbody devices. Because of the growing interest in orthobiologics research and the growing use of biologics in orthopaedic operations, the biologics market is expected to experience impressive growth between 2022 and 2030.

The non-fusion devices market can be further divided into dynamic stabilization, artificial discs, and spinal compression fracture devices. The non-fusion devices market is anticipated to expand as more people choose disc replacement surgery over spinal fusion surgery due to the shorter recovery period and lack of bone grafting requirements.

Furthermore, it is projected that the segment of non-fusion devices would develop as a result of the increase in vertebral augmentation procedures.

During the forecast period, the use of electrical stimulation devices is projected to increase due to rising public knowledge of their advantages, new product introductions, and regulatory guidelines and recommendations.

An Adaptive Approach to Modern-day Research Needs

Competitive Landscape

The spinal surgery products market has a few significant competitors and is moderately competitive. In addition, mid-size to smaller enterprises are enhancing their market position by offering new technologies with greater usability as a result of the increased technology breakthroughs and product innovations.

Some of the top spine implant companies profiled in this report are Zimmer Biomet, Stryker Corporation, Depuy Synthes, Medtronic, and Globus Medical Inc.

  • The Defender Anterior Cervical Plate & the Stronghold C 3D Titanium Interbody Device, both of which use TiCell 3D advanced surface technology, were introduced by Spine Wave in December 2021.
  • The most recent additions to Medtronic PLC's ecosystem for minimally invasive spine surgery include the Catalyft PL and PL40, Space-D Access System, and Accelerate Graft Delivery System with Grafton DBF.

Key Segments in Spinal Surgery Products Industry Research

  • by Device :

    • Fusion Devices
    • Non-fusion Devices
    • Others
  • by Disease Indication :

    • Degenerative Disc Disease
    • Complex Deformity
    • Traumas & Fractures
    • Others
  • by End Use :

    • Hospitals
    • Ambulatory Surgery Centers
    • Specialty Clinics
    • Others
  • by Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global spinal surgery products market is estimated to expand at 4.3% CAGR from 2022 to 2030.
The spinal surgery products market report is segmented into device, disease indication, end use, and region.
The global market for spinal surgery products is currently valued at US$ 11 billion.
Rapid uptake of spine navigation software to fuel hospital & ambulatory surgery centers segment growth.
The North America market is expected to expand rapidly due to the rising senior population and increasing incidence of chronic pain.

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