Enjoy complimentary customisation on priority with our Enterprise License!
The global spinal fusion devices market size is estimated to grow by USD 2.56 billion at a CAGR of 4.91% between 2022 and 2027. The market for spinal fusion devices experiences growth driven by the rising incidence of spinal disorders and the increasing introduction of spinal fusion devices, alongside a burgeoning geriatric population seeking treatment. However, challenges arise from strict regulations governing the manufacturing of spinal fusion devices, the availability of alternative medication options, and the inherent risks associated with interventional spine procedures. Overcoming these obstacles necessitates concerted efforts. Regulatory compliance measures must be adhered to, while innovation remains vital for enhancing device safety and efficacy. Additionally, educating patients about the benefits and risks of spinal fusion procedures is essential for informed decision-making. By addressing these challenges effectively, the market can capitalize on opportunities presented by demographic trends and technological advancements, ensuring continued growth and advancement in spinal disorder treatment options.
The global market is experiencing growth driven by the increasing prevalence of spinal disorders, including degenerative disc disease, spinal stenosis, and herniated discs. This growth is further propelled by the expanding aging population, leading to a higher demand for spinal surgeries and associated implants. The contemporary sedentary lifestyle, which involves prolonged periods of sitting, whether at work or during leisure activities, contributes to issues such as poor posture, weakened back muscles, and heightened spinal pressure, resulting in conditions like lower back pain, herniated discs, and spinal stenosis. Notably, the growing awareness among both patients and healthcare professionals regarding the advantages of spinal fusion devices is a significant catalyst for market expansion. Moreover, the increased number of educational initiatives, conferences, and promotional efforts undertaken by medical societies and device manufacturers will play a pivotal role in enhancing awareness. Therefore, the increasing prevalence of spinal disorders is expected to drive the market growth during the forecast period.
To learn more about this report, Request Free Sample
Technavio has segmented the market into application, product type, and geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
The market share growth by the minimally invasive spine surgery segment will be significant during the forecast period. Surgeons and patients are increasingly opting for minimally invasive surgeries worldwide. Advances in spinal fusion devices have led to an increase in the number of clinical trials and the launch of new products in the market. The demand for rapid recovery has reduced hospital stays and better patient outcomes have resulted in many medical facilities conducting spinal surgeries to repair the vertebrae and treat painful conditions of the spine.
Get a glance at the market contribution of various segments View a PDF Sample
The minimally invasive spine surgery was the largest and was valued at USD 4.45 billion in 2017. In spinal trauma, minimally invasive techniques are gaining popularity due to their effectiveness in treating various conditions, such as degenerated and injured intervertebral discs, while minimizing the associated risks and complications. As a result, the demand for specialized spinal fusion devices designed for minimally invasive procedures is on the rise. There has been a rise in the adoption rate of minimally invasive spine surgery procedures, which is expected to drive the growth of the global market during the forecast period.
The growing prevalence of spine-related conditions such as spinal fractures, degenerative disc disease, and spinal deformities is driving the demand for thoracolumbar devices. As the ageing population increases and the incidence of trauma rises, the need for thoracolumbar devices also increases. Additionally, there is a rising focus on improving patients' quality of life and functional outcomes. The rising prevalence of spinal disorders, advancements in medical technology and surgical techniques, the increasing demand for minimally invasive procedures, the growing geriatric population, and a focus on improving patient outcomes and quality of life will drive the growth of the global market in the thoracolumbar devices segment during the forecast period.
For more insights about the market share of various regions View PDF Sample now!
North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. North America dominated the global market in 2022 and is expected to grow at a steady rate during the forecast period. The increasing prevalence of spinal disorders, such as osteoporosis, spondylolisthesis, and scoliosis injuries, is augmenting the demand for spinal implants in the region. The number of spine surgeries in the US is increasing owing to the rising prevalence of spinal disorders and the growing adoption of minimally invasive spinal surgeries. North America, particularly the US, has a significant demand.
In addition, lumbar spinal stenosis affects more than 200,000 adults and is a primary reason for the older population selecting spine procedures in the US. The population aged 65 years and above in the US and Canada increased in 2020 from 14.6% in 2015 to 16.6% in 2020 and 16% in 2015 to 18.1% in 2020, respectively. Thus, a rise in the older population will fuel the growth of the regional market during the forecast period.
Buy Now Full Report and Discover More
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Alphatec Holdings Inc. - The company offers spinal fusion solutions such as ATEC spine solutions which is committed to revolutionizing the approach to spine surgery for anterior cervical discectomy and fusion.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market caters to a diverse array of conditions and procedures, including fusion devices and surgical procedure addressing spinal injuries and spinal disorders. Innovations in spinal fusion implants and minimally invasive spine surgery techniques offer patients effective solutions for conditions such as spine misalignments, degenerative alterations, and abnormal spinal curvatures. With an aging senior population and increasing incidences of spinal diseases and degenerative disc disease, the demand for advanced treatment options is on the rise. Additionally, specialized devices like cervical fixation devices and thoracolumbar fixation devices cater to specific anatomical regions, ensuring comprehensive care for patients. As medical tourism gains prominence, access to procedures like lumbar spinal fusion and scoliosis surgery becomes more accessible, highlighting the global reach and impact of the market. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. Spine fusion devices and surgeries play a crucial role in addressing conditions affecting the vertebral bodies and column, while diagnostic tools like Magnetic Resonance Imaging (MRI) aid in accurate assessment. In cases of severe spinal deformities, procedures such as thoracoplasty may be necessary, highlighting the significance of advanced medical interventions, especially in managing complex conditions like gallstones and diabetes.
Technological advances related to spinal devices is an emerging trend shaping the market growth. Technological advances are considered the backbone of the global medical devices industry. Regular advances in technology, such as the emergence of 3D printing, the development of robotic-assisted surgery, and improvements in spinal surgical procedures, have expanded the therapeutic applications of spinal implants. 3D printing technology allows a surgeon to design a prosthetic that fits perfectly in a patient body. It is used for rapid prototyping of surgically implantable products, such as spinal interbodies. Customized 3D-printed implants can be used to treat spinal problems, such as congenital deformity, severe spinal degeneration, or destruction of the spine from a tumor, which are difficult to reconstruct with normal spinal implants.
However, due to the increasing demand for personalized care, the manufacturers of orthopedic devices are competing to provide patient-specific 3D-printed spinal implants, which will drive the growth of the global market during the forecast period.
Stringent regulations for manufacturing spinal fusion devices is a significant challenge hindering the market growth. Stringent regulations often require manufacturers to meet complex and rigorous standards for design, production, testing, and quality control. Complying with these regulations can be a time-consuming process and expensive process. Manufacturers may need to invest in R&D, extensive testing, and conducting clinical trials to demonstrate the safety and efficacy of their devices, which can increase the overall cost of bringing a device to the market. The rigorous approval process and the uncertainty of meeting regulatory requirements discourage manufacturers from pursuing innovative technologies or enhancements to existing devices.
Moreover, this lack of innovation can restrict the introduction of advanced ones, limiting the options available to patients and potentially hampering market growth. Hence, the abovementioned stringent regulations are expected to hinder the growth of the global market during the forecast period.
Buy Now Full Report and Discover More
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments
The market experiences robust growth driven by factors such as the increasing prevalence of spinal disorders and degenerative alterations, especially among the senior population. Traumatic events like sports injuries and catastrophic accidents also contribute to the demand for spinal fusion implants and devices. Innovations in minimally invasive surgery techniques and advanced technologies like Tritanium In-Growth technology propel market expansion, offering patients alternatives to traditional spinal fusion surgeries. This market caters to various spine conditions, including degenerative disc degeneration and abnormal spinal curvatures, with a wide range of devices such as interbody cages, pedicle screws, and spinal fusion plates. With a growing demand for spine surgeries in hospitals, ambulatory surgery centers, and specialty clinics, the spinal fusion devices market is poised for continued growth amidst evolving healthcare landscapes worldwide.
The market addresses a spectrum of spinal conditions, ranging from spine misalignments to spinal diseases and trauma falls. Procedures such as artificial disc replacement surgery, endoscopic spine surgery, and lumbar fusion surgery are vital in treating these ailments. As the demand for spinal fusion techniques grows, so does the market's innovation in technologies like spinal cord stimulators and surgical robots. Moreover, advancements in minimally invasive operations cater to patients' preferences for less invasive treatments. Lifestyle factors like obesity and chronic back pain underscore the need for effective solutions. Meanwhile, the market addresses specific segments such as the cervical spinal fusion market and the spinal arthrodesis device market to meet diverse patient needs. With rising cases of spinal cord injuries and complex deformities, the market plays a pivotal role in enhancing patients' quality of life and facilitating their recovery journey.
Spinal Fusion Devices Market Scope |
|
Report Coverage |
Details |
Page number |
154 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.91% |
Market growth 2023-2027 |
USD 2.56 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.53 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 41% |
Key countries |
US, Germany, Italy, China, and Japan |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alphatec Holdings Inc., B.Braun SE, Captiva Spine Inc., ChoiceSpine LLC, Globus Medical Inc., Johnson and Johnson, Life Spine Inc., Medtronic Plc, Nuvasive Inc., Orthofix Medical Inc., Precision Spine Inc., RTI Surgical Inc., Spinal Elements Inc., Spine Wave Inc., Spineology Inc., Stryker Corp., Vallum Corp., Xtant Medical Holdings Inc., ZAVATION, and Zimmer Biomet Holdings Inc. |
Market dynamics |
Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the market forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
View Sample PDF at your Fingertips
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.