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Spinal Implants and Surgery Devices - Global Strategic Business Report

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    Report

  • 93 Pages
  • November 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5303978
The global market for Spinal Implants and Surgery Devices was estimated at US$13.1 Billion in 2023 and is projected to reach US$19.5 Billion by 2030, growing at a CAGR of 5.8% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Spinal Implants and Surgery Devices Market - Key Trends and Drivers Summarized

How Are Spinal Implants and Surgery Devices Improving Patient Outcomes?

Spinal implants and surgery devices are designed to stabilize the spine, correct deformities, and treat conditions like degenerative disc disease, scoliosis, and spinal fractures. These devices include rods, screws, cages, and artificial discs, which are used in surgical procedures like spinal fusion, disc replacement, and vertebral augmentation. As spinal disorders become more prevalent due to aging populations and sedentary lifestyles, the demand for advanced spinal implants and surgery devices has grown, supporting better patient outcomes and faster recovery rates. Technological innovations like minimally invasive surgery (MIS) techniques and 3D-printed implants have further enhanced the precision and effectiveness of spinal procedures.

What Are the Key Segments in the Spinal Implants and Surgery Devices Market?

Key product types include spinal fusion devices, non-fusion devices, vertebral compression fracture (VCF) treatment devices, and spine biologics, with spinal fusion devices holding the largest market share due to their extensive use in stabilizing and repairing the spine. Procedures cover open surgery and minimally invasive surgery (MIS), with MIS representing a significant segment driven by the advantages of reduced recovery times, minimal scarring, and lower post-operative pain. End-users include hospitals, specialty clinics, and ambulatory surgery centers (ASCs), with hospitals leading the market as they provide comprehensive spinal care.

How Are Spinal Implants and Surgery Devices Integrated Across Healthcare?

In spinal fusion surgery, devices like pedicle screws, rods, and cages provide stability, promote bone growth, and enable vertebral fusion, supporting long-term spine alignment and pain relief. Non-fusion devices, such as artificial discs and dynamic stabilization systems, preserve motion and offer alternatives to traditional fusion, enhancing patient mobility and quality of life. Vertebral compression fracture treatment devices like balloon kyphoplasty kits restore vertebral height and relieve pain in patients with osteoporotic fractures. Additionally, advanced navigation and robotics in spinal surgeries have improved precision, reduced complications, and enhanced surgical outcomes, driving adoption in hospitals and specialty clinics.

What Factors Are Driving the Growth in the Spinal Implants and Surgery Devices Market?

The growth in the Spinal Implants and Surgery Devices market is driven by several factors, including increasing prevalence of spinal disorders like degenerative disc disease, scoliosis, and traumatic injuries, which require surgical intervention. Technological advancements, such as 3D-printed implants, robotic-assisted surgery, and minimally invasive procedures, have improved the precision, safety, and recovery times of spinal surgeries, supporting wider adoption. The focus on improving patient outcomes, reducing hospital stays, and enhancing mobility has further fueled demand, as healthcare providers seek effective treatments for spinal conditions. Additionally, rising healthcare expenditure, better diagnostic facilities, and growing awareness of advanced surgical options have contributed to market growth, encouraging investment in spinal implants and surgery devices.

Key Insights:

  • Market Growth: Understand the significant growth trajectory of the Thoracic Fusion & Lumbar Fusion Devices segment, which is expected to reach US$7.0 Billion by 2030 with a CAGR of a 6.2%. The Cervical Fusion Devices segment is also set to grow at 5.3% CAGR over the analysis period.
  • Regional Analysis: Gain insights into the U.S. market, estimated at $3.4 Billion in 2023, and China, forecasted to grow at an impressive 8.9% CAGR to reach $4.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

  • Detailed Market Analysis: Access a thorough analysis of the Global Spinal Implants and Surgery Devices Market, covering all major geographic regions and market segments.
  • Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
  • Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Spinal Implants and Surgery Devices Market.
  • Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

  • How is the Global Spinal Implants and Surgery Devices Market expected to evolve by 2030?
  • What are the main drivers and restraints affecting the market?
  • Which market segments will grow the most over the forecast period?
  • How will market shares for different regions and segments change by 2030?
  • Who are the leading players in the market, and what are their prospects?

Report Features:

  • Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
  • In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
  • Company Profiles: Coverage of major players in the Global Spinal Implants and Surgery Devices Market such as Alphatec Spine Inc., Depuy Synthes, Globus Medical, Inc, K2M Group Holdings, Inc., Medtronic and more.
  • Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Global Spinal Implants and Surgery Devices market report include:

  • Alphatec Spine Inc.
  • Depuy Synthes
  • Globus Medical, Inc
  • K2M Group Holdings, Inc.
  • Medtronic
  • NuVasive, Inc.
  • Orthofix International N.V.
  • RTI Surgical, Inc.
  • Stryker
  • Zimmer Biomet

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Global Economic Update
  • Spinal Implants and Surgery Devices - Global Key Competitors Percentage Market Share in 2024 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Rising Incidence of Spinal Disorders Spurs Demand for Implants and Surgery Devices
  • Growing Aging Population Expands Addressable Market for Spinal Devices
  • Advancements in Minimally Invasive Surgery Propel Adoption of Spinal Implants
  • Increasing Use of 3D Printing in Implant Manufacturing Drives Market Growth
  • Rising Focus on Motion Preservation Technologies Strengthens Business Case
  • Expansion of Robotics and AI in Spinal Surgery Enhances Device Utilization
  • Growing Demand for Personalized Implants Accelerates Market Expansion
  • Rising Adoption of Biodegradable Spinal Implants Fuels Growth
  • Growing Use of Implants in Outpatient Settings Expands Market Opportunities
  • Rising Demand for Spinal Fusion Devices Boosts Market Growth
  • Emergence of Novel Materials in Implant Design Drives Adoption
  • Increasing Use of Navigation Systems in Spinal Surgeries Enhances Precision
  • Rising Awareness About Spine Health Spurs Demand for Surgical Devices
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Spinal Implants and Surgery Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Spinal Implants and Surgery Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 3: World 16-Year Perspective for Spinal Implants and Surgery Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Thoracic Fusion & Lumbar Fusion Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Thoracic Fusion & Lumbar Fusion Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 6: World 16-Year Perspective for Thoracic Fusion & Lumbar Fusion Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Cervical Fusion Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Cervical Fusion Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 9: World 16-Year Perspective for Cervical Fusion Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for Spine Biologics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for Spine Biologics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 12: World 16-Year Perspective for Spine Biologics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Vertebral Compression Fracture Treatment Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Vertebral Compression Fracture Treatment Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 15: World 16-Year Perspective for Vertebral Compression Fracture Treatment Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Spinal Decompression Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Spinal Decompression Devices by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 18: World 16-Year Perspective for Spinal Decompression Devices by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Other Products by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 21: World 16-Year Perspective for Other Products by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Open by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Open by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 24: World 16-Year Perspective for Open by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 25: World Recent Past, Current & Future Analysis for Minimally Invasive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
  • Table 26: World Historic Review for Minimally Invasive by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
  • Table 27: World 16-Year Perspective for Minimally Invasive by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
  • Table 28: World Spinal Implants and Surgery Devices Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
III. MARKET ANALYSIS
UNITED STATES
  • Spinal Implants and Surgery Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Spinal Implants and Surgery Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Spinal Implants and Surgery Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Spinal Implants and Surgery Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Spinal Implants and Surgery Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Spinal Implants and Surgery Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Spinal Implants and Surgery Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Spinal Implants and Surgery Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Spinal Implants and Surgery Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Spinal Implants and Surgery Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Spinal Implants and Surgery Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Spinal Implants and Surgery Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2024 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Spinal Implants and Surgery Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2024 (E)
IV. COMPETITION

Companies Mentioned

Some of the 42 companies featured in this Global Spinal Implants and Surgery Devices market report include:
  • Alphatec Spine Inc.
  • Depuy Synthes
  • Globus Medical, Inc
  • K2M Group Holdings, Inc.
  • Medtronic
  • NuVasive, Inc.
  • Orthofix International N.V.
  • RTI Surgical, Inc.
  • Stryker
  • Zimmer Biomet

Table Information