The global spinal implants and surgery devices market was valued at USD 9,816.1 million in 2018. Increase in prevalence of spinal disorders, growing demand for minimally invasive surgical procedures, coupled with rapid technological advancements in spinal implants are key factors driving the global spinal implants and surgery devices market.
Spinal implants and surgery devices are widely used in minimally invasive spinal surgeries. Spinal surgeries are performed for various spinal disorders such as degenerative disc diseases, scoliosis, spondylolisthesis, traumatic fracture and other spine conditions. Spinal implants and devices are used to correct deformities in the spine and enable reconstruction of the destabilized spine. Rapidly growing elderly patient pool aged 60 years and above is at high risk of developing these degenerative disc disorders. These factors are expected to drive the global spinal implants & surgery devices market in the next few years.
The Spinal Implants and Surgery Devices Market is expected to reach $18.08 billion during the forecast period at a 5.23,% CAGR.
Moreover, rapid rise in technological advancements and increase in spinal surgeries performed across the globe are expected to drive the demand for spinal implants and surgery devices in the future. However, high cost of spine surgeries is expected to hinder the growth of the market over the forecast period.
The global spinal implants and surgery devices market is categorized based on product, technology, and surgery type. Based on products, spinal fusion devices segment held the largest share of the market in 2018. By type of surgery performed for spine disorders, minimally invasive surgeries segment is anticipated to grow at a lucrative rate over the forecast period. Technology-wise, spinal fusion and fixation segment grabbed majority of the share of the global spinal implants and surgery devices market. Geographically, North America dominated the global spinal implants and surgery devices market in 2018; however, Asia Pacific is expected to be the fastest growing region by 2025.
Key players operating in the global spinal implants and surgery devices market include NuVasive, Inc., DePuy Synthes, Inc., Stryker Corporation, Medtronic plc, Orthofix International N.V., Globus Medical, Inc., Alphatec Spine, Inc., Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Boston Scientific Corporation and SeaSpine Holdings Corporation among others.
Spinal Implants and Surgery Devices Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2030||$18.08 billion|
|Growth Rate||CAGR of 5.23 % during 2022-2030|
|Segment Covered||By Type of Surgery, By Technology, Region.|
|Regions Covered||North America, Europe, Asia Pacific, South America, Middle East and Africa|
|Key Players Profiled||Globus Medical, Abbott Laboratories, Orthofix Medical, B. Braun (B. Braun Holding GmbH & Co. KG), Zimmer Biomet Holdings, Medtronic, Boston Scientific, Depuy Synthes (Johnson & Johnson), Stryker Corporation, Exactech Inc. (Choice Spine),Nuvasive Inc. (Smith & Nephew Plc),Integra LifeSciences Holdings Corporation,,RTI Surgical.|
Key Segment Of The Spinal Implants and Surgery Devices Market
By Type of Surgery , 2022-2030 (USD Million)
• Minimally Invasive Surgeries
• Open Surgeries
By Technology, 2022-2030 (USD Million)
• Spinal laminectomy/spinal decompression
• Motion Preservation/Non-fusion
• Vertebral Compression Fracture Treatment
• Spinal Fusion and Fixation
Regional Overview, 2022-2030 (USD Million)
• Rest of Europe
• Rest of Asia Pacific
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
Spinal implants and surgery devices are gaining popularity owing to numerous benefits offered to surgeons such as greater surgical precision, safe operative procedures, and increased patient outcomes. Increasing shift from traditional surgical procedures to minimally invasive techniques will propel growth of spinal implants and surgery devices market in the future. These procedures are performed through smaller incisions rather than large opening leading to lower blood loss and quick recovery of patients. Benefits associated with these less-invasive treatments such as speedy recovery, reduced hospitalization period, curtailed risk of infections and lower operative pain will positively influence market growth over the coming years. Minimally invasive surgeries also reduce the incidence of post-surgical complications thereby stimulating demand. Rapid rise in spine disorders will lead to increased demand for minimally invasive surgical procedures. This, in turn, is expected to drive the demand for spinal implants and surgery devices in the future. Moreover, major industry players are also investing in R&D to develop technologically advanced spinal implants. Launch of innovative integrated spine solutions that helps to enhance outcomes of spine surgeries is expected to accelerate the growth of the market in the future.
The global spinal implants and surgery devices market has been segmented based on product, technology, surgery type, and region. Based on product, the global spinal implants and surgery devices market is categorized into spinal fusion devices, non-fusion devices, vertebral compression fracture treatment devices, spinal decompression devices, spinal bone growth stimulators, and spinal biologics. Spinal fusion devices segment held substantial share of the global market in 2018. Spinal fusion devices are majorly used for the treatment of spinal cord injuries, degenerative disc disorders, and disorders of the thoracic, cervical, and lumbar areas of the spine. Increase in geriatric population vulnerable to these disorders will propel surgical volume thereby, driving the demand for spinal implants in the next few years.
Technology-wise, the global spinal implants and surgery devices market is segmented into spinal fusion & fixation, spinal decompression, vertebral compression fracture and non-fusion/motion preservation. On the basis of surgery type, the global spinal implants and surgery devices market is segmented into open surgery, and minimally invasive surgery. Open surgery held majority of the market share in 2018. However, minimally invasive surgeries are expected to witness a lucrative growth owing to advantages offered over traditional open surgeries such as minimum blood loss, quick recovery, reduced length of stay, and minimized costs.
The global spinal implants and surgery devices market is cumulative to North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America dominated the global spinal implants and surgery devices market in 2018, however Asia Pacific is expected to grow at a highest pace through 2025.
Increase in incidence of spinal disorders along with surging volume of minimally invasive surgeries performed in the U.S. are major factors expected to drive the spinal implants and surgery devices market in the region. According to National Spinal Cord Injury Statistical Center (NSCISC), approximately 294,000 Americans were living with spinal cord injuries (SCI) in 2019. Moreover, the annual incidence of spinal cord injuries (SCI) in the U.S. is approximately 54 cases per million i.e. 17,810 new cases each year. Presence of such large patient population will increase the surgical volume, thereby, driving the demand for spinal implants in the future. Furthermore, launch of technologically advanced spinal implants and surgery devices by key industry players is other major factor likely to boost the growth of the market in North America.
However, Asia Pacific is expected to grow at a rapid pace over the next few years. There is a strong growth potential in the emerging economies such as India, and China. The rapidly rising geriatric population in countries such as India and China provide large market for spinal implants and surgical devices. According to the United Nations, China and India together were home to over one third of the world’s population aged 60 years or over in 2017. Presence of high unmet medical needs along with surge in incidence of spinal disorders in the developing countries, divert the focus of market players to serve the untapped population in these emerging economies. Such factors will fuel the need for surgeries for effective treatment of degenerative disorders thereby stimulating demand for spinal implants and devices over the coming years.