Spinal Implants & Surgery Devices Market by Product Type, Type of Surgery, End-User

Description

List of Tables

[194 Pages Report] The Spinal Implants & Surgery Devices Market size was estimated at USD 25.56 billion in 2023 and expected to reach USD 27.03 billion in 2024, at a CAGR 6.19% to reach USD 38.92 billion by 2030.

The spinal implants & surgery devices are used in the treatment of spinal disorders, injuries, deformities, and degenerative conditions. The scope of this market entails products such as spinal fusion devices, non-fusion devices/motion preservation devices, vertebral compression fracture (VCF) treatment devices, spinal bone stimulators, spine biologics, and minimally invasive surgical (MIS) systems. The higher prevalence of degenerative disc diseases and spine-related ailments with increasing incidences of spinal injuries due to accidents or sports activities is expanding the usage of spinal implants & surgery devices. Growing awareness about the availability and benefits associated with minimally invasive surgeries is driving the growth of the spinal implants & surgery devices market. However, high initial capital investments required for setting up manufacturing facilities and a lack of skilled surgeons with specialization in advanced spine surgeries hamper market growth. Continuous innovations in the development of technologically advanced spinal impacts & surgery devices that promote enhanced fusion rates while reducing long-term complications are expected to create opportunities for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 25.56 billion
Estimated Year [2024]	USD 27.03 billion
Forecast Year [2030]	USD 38.92 billion
CAGR (%)	6.19%

Product Type: Growing usage of spine biologics that facilitate bone growth

Cervical fusion devices are designed to treat degenerative disc disease, instability, and deformities in the cervical spine by permanently fusing two or more vertebrae together, providing stability and relieving pain. They involve the use of plates, screws, and cages to immobilize the affected area. Non-fusion devices aim to preserve motion in the spine while providing support for spinal conditions such as spinal stenosis and degenerative disc disease. Posterior cervical fusion devices are a subcategory of cervical fusion devices used specifically for posterior surgical approaches. These systems also fuse vertebrae together using a combination of rods, screws, hooks, and wires. Spinal decompression devices are utilized in procedures such as laminectomy or discectomy to relieve pressure on the spinal cord or nerve roots. Spine biologics facilitate bone growth or regeneration in spinal surgery applications. Spine bone stimulators promote bone healing after spinal surgery by generating low-level electric fields or ultrasound waves. Thoracic fusion & lumbar fusion devices are intended for treating degenerative disc disease, instability, and deformities within the thoracic and lumbar regions of the spine. They also use various systems of screws, rods, and cages to immobilize the affected area, similar to cervical fusion devices.

Type of Surgery: Preference of spinal implants & surgery devices for minimally invasive surgeries to improve safety during spinal procedures

Minimally invasive surgeries are preferred when the objective is to reduce tissue damage, minimize scarring, and shorten recovery times. These procedures are performed using small incisions and specialized surgical instruments, which allow surgeons to access the spine without causing significant disruption to surrounding muscles and tissues. Open surgeries involve making larger incisions to provide direct access to the spine for more complicated procedures. These surgeries are chosen when extensive stabilization and fusion are required or when addressing complex spinal deformities such as scoliosis or kyphosis.

End-Users: Increasing application of spinal implants & surgery devices in hospitals that reduce hospitalization time and optimize surgical outcomes

Ambulatory surgery centers are specialized healthcare facilities that offer outpatient surgical procedures in a more cost-effective and efficient setting than traditional hospital-based surgeries. They often focus on providing minimally invasive procedures, including spinal surgeries such as laminectomy, discectomy, and decompression. Ambulatory surgery centers typically prefer spinal implants and surgery devices that enable quicker patient recovery times with less postoperative pain. Hospitals, being larger healthcare facilities with diverse patient populations, have more extensive needs for spinal implants and surgery devices. They require both minimally invasive solutions for outpatient procedures and traditional spinal hardware and instrumentation for complex inpatient surgeries. These may include pedicle screw systems, rod-based constructs, expandable cages, and spinal cord stimulation devices. Ambulatory surgery centers tend to prioritize minimally invasive technologies that enable quicker recovery times, while hospitals need a broader range of solutions, including traditional hardware, for more complex cases.

Regional Insights

The Americas represents a highly developing landscape for the spinal implants & surgery devices market due to the increasing prevalence of degenerative spinal conditions and growing preference for minimally invasive surgeries. According to a recent study, approximately 900,000 American and 30,000 Canadian adults went under spine surgery annually. Additionally, rising advancements in technology for the development of innovative spinal implants & surgery devices are constantly creating opportunities for market growth in the Americas. The EMEA region has witnessed substantial growth in the spinal implants & surgery devices market driven by various EU countries' initiatives to support technological advancements in medical devices with constant government support. In the Middle East, countries, including the UAE, are focusing on medical tourism initiatives that attract patients seeking advanced spine treatments unavailable in their home countries, thereby fueling the market growth. Increased healthcare expenditures with a well-established healthcare system and advanced technologies are expanding the manufacturing of medical devices, including spinal implants & surgery devices, in Asia-Pacific. Further, the surge in spinal surgeries due to an increase in degenerative spine disorders attributed to a sedentary lifestyle is expanding the usage of spinal implants & surgery devices in Asia-Pacific.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Spinal Implants & Surgery Devices Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Spinal Implants & Surgery Devices Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Spinal Implants & Surgery Devices Market, highlighting leading vendors and their innovative profiles. These include Accelus, Advin Health Care, Augmedics, B. Braun SE, Bioventus LLC, Boston Scientific Corporation, Camber Spine Technologies, LLC, Globus Medical, Inc., GPC Medical Ltd., GWS Surgicals LLP, Jayon Implants Private Limited, Johnson & Johnson Services, Inc., Kleiner Device Labs, Kuros Biosciences A.G., Medtronic PLC, NuVasive, Inc., Orthofix Medical Inc., SeaSpine Orthopedics Corporation, SI-BONE, Inc., Spineart SA, Stryker Corporation, Synapse Biomedical Inc., Vishal Surgitech Pvt. Ltd., Xtant Medical Corporate, and ZimVie Inc..

Market Segmentation & Coverage

This research report categorizes the Spinal Implants & Surgery Devices Market to forecast the revenues and analyze trends in each of the following sub-markets:

Product Type
- Cervical Fusion Devices
- Non-Fusion Devices
- Posterior Cervical Fusion Devices
- Spinal Decompression Devices
- Spine Biologics
- Spine Bone Stimulators
- Thoracic Fusion & Lumbar Fusion Devices

Type of Surgery
- Minimally Invasive Surgeries
- Open Surgeries

End-User
- Ambulatory Surgery Centers
- Hospitals

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Spinal Implants & Surgery Devices Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Spinal Implants & Surgery Devices Market?

3. What are the technology trends and regulatory frameworks in the Spinal Implants & Surgery Devices Market?

4. What is the market share of the leading vendors in the Spinal Implants & Surgery Devices Market?

5. Which modes and strategic moves are suitable for entering the Spinal Implants & Surgery Devices Market?

Product Code: MRR-3D2FD205C3BF

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing prevalence of degenerative disc diseases and spine-related ailments
  - 5.1.1.2. Rising number of spinal surgeries due to increasing road accidents
  - 5.1.1.3. Growing awareness about the availability and benefits of minimally invasive surgeries
- 5.1.2. Restraints
  - 5.1.2.1. High initial cost of development of spinal implants & surgery devices
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing research to innovate smart and active spinal implants & surgery devices
  - 5.1.3.2. Collaborations among players and healthcare institutions for product commercialization
- 5.1.4. Challenges
  - 5.1.4.1. Technical limitations associated with spinal implants & surgery devices
5.2. Market Segmentation Analysis
- 5.2.1. Product Type: Growing usage of spine biologics that facilitate bone growth
- 5.2.2. Type of Surgery: Preference of spinal implants & surgery devices for minimally invasive surgeries to improve safety during spinal procedures
- 5.2.3. End-Users: Increasing application of spinal implants & surgery devices in hospitals that reduce hospitalization time and optimize surgical outcomes
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Spinal Implants & Surgery Devices Market, by Product Type

6.1. Introduction
6.2. Cervical Fusion Devices
6.3. Non-Fusion Devices
6.4. Posterior Cervical Fusion Devices
6.5. Spinal Decompression Devices
6.6. Spine Biologics
6.7. Spine Bone Stimulators
6.8. Thoracic Fusion & Lumbar Fusion Devices

7. Spinal Implants & Surgery Devices Market, by Type of Surgery

7.1. Introduction
7.2. Minimally Invasive Surgeries
7.3. Open Surgeries

8. Spinal Implants & Surgery Devices Market, by End-User

8.1. Introduction
8.2. Ambulatory Surgery Centers
8.3. Hospitals

9. Americas Spinal Implants & Surgery Devices Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Spinal Implants & Surgery Devices Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Spinal Implants & Surgery Devices Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Silony Medical completes acquisition of Centinel Spine's global fusion business
- 12.3.2. NanoHive Medical and DirectSync Surgical to Collaborate on Patient-Powered Smart Spinal Implants
- 12.3.3. SynerFuse Announces Solo Spine Surgeon Implants 8th Patient in Integrated Spinal Fusion and DRG Neuromodulation Proof-of-Concept Study
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio