The global spinal implants and surgery devices market is projected to reach an approximate value of USD 13.0 billion by 2025, growing at a CAGR of 4.3%. Increasing adoption of minimally invasive surgeries, rapidly growing geriatric population across the globe, rise in prevalence of degenerative disorders are factors driving the spinal implants and surgery devices market.
Adroit Market Research report on global spinal implants and surgery devices market gives a holistic view of the market from 2015 to 2025, which includes factors such as market drivers, restraints, opportunities and challenges. The market has been studied for historic years from 2015 to 2017, with the base year of estimation as 2018 and forecast from 2019 to 2025. The report covers the current status and future traits of the market at global as well as country level. In addition, the study also assesses the market based on Porter's five forces analysis and positions the key players based on their product portfolio, geographic footprint, strategic initiatives and overall revenue. Prominent players operating in the global spinal implants and surgery devices market have been studied in detail.
Spinal implants and surgery devices are majorly used in the treatment of spinal disorders including deformities, trauma, degenerative disc disorders and tumors. Rapidly increasing degenerative spinal conditions such as spinal stenosis, increase in road accidents leading to spine fractures and spinal cord injuries is likely to fuel the demand for spinal fusion and fixation surgeries. Increase in geriatric patient pool susceptible to spine disorders along with rapidly growing demand for minimally invasive surgeries owing to faster recovery, shorter hospital stay and reduced costs is expected for robust market expansion in the coming few years. Moreover, rapid technological advancements such as launch of integrated technologies is anticipated to fuel 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. 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. 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. Spinal fusion & fixation segment dominated the global spinal implants and surgery devices market in 2018 owing to rapid increase in spinal stenosis, surge in spinal fusion procedural volume and rapid technological advancements in spinal fusion.
North America dominated the global spinal implants and surgery devices market in 2018. High prevalence of spine disorders such as spinal cord injuries, lower back pain, degenerative disc disease, spinal stenosis, greater adoption of spinal implants, presence of large geriatric population in the region are key factors likely to drive the growth of the market in the next few years. According to Global Burden of Disease study, approximately 31 million Americans suffered from a lower back pain in 2017. However, Asia Pacific spinal implants and surgery devices market is anticipated to grow at a rapid pace over the forecast period.
Major players operating in the global spinal implants and surgery devices market include DePuy Synthes, Inc., Stryker Corporation, NuVasive, Inc., Medtronic plc, Zimmer Biomet Holdings, Inc., Orthofix International N.V., Globus Medical, Inc., Alphatec Spine, Inc., B. Braun Melsungen AG, Boston Scientific Corporation and SeaSpine Holdings Corporation among others.
Key Segments of the Global Spinal implants and surgery devices Market
Product Overview, 2015-2025 (USD Million)
- Spinal Fusion Devices
- Thoracic & Lumbar Fusion Devices
- Cervical Fusion Devices
- Interbody Fusion Devices
- Non-fusion Devices
- Artificial Discs
- Dynamic Stabilization Devices
- Nuclear Disc Prostheses
- Annulus Repair Devices
- Vertebral Compression Fracture (VCF) Treatment Devices
- Balloon Kyphoplasty Devices
- Vertebroplasty Devices
- Spinal Biologics
- Spinal Allografts
- Cell-Based Matrix
- Bone Graft Substitutes
- Spinal Decompression Devices
- Spinal Bone Growth Stimulators
- Invasive Spine Bone Stimulators
- Non-invasive Spine Bone Stimulators
Technology Overview, 2015-2025 (USD Million)
- Spinal Fusion & Fixation
- Motion Preservation/Non-Fusion
- Spinal Decompression
- Vertebral Compression Fracture (VCF) Treatment
Surgery Type Overview, 2015-2025 (USD Million)
- Open Surgery
- Minimally Invasive Surgery
Regional Overview, 2015-2025 (USD Million)
- North America
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa