PUBLISHER: The Business Research Company | PRODUCT CODE: 1673998
PUBLISHER: The Business Research Company | PRODUCT CODE: 1673998
Spinal surgery devices and equipment encompass specialized tools and instruments intended for the diagnosis, treatment, and surgical intervention of spinal disorders and injuries. These devices, which include spinal implants, retractors, and surgical navigation systems, are essential for improving the precision and safety of spinal procedures.
Key product categories in the market for spinal surgery devices and equipment include spine biologics, surgical spinal decompression, products for treating vertebral compression fractures, as well as non-fusion and fusion devices. Spine biologics refer to materials utilized in spinal surgery procedures. These devices and equipment are employed in a range of surgeries, encompassing both open procedures and minimally invasive surgeries. They find application in various healthcare settings, including hospitals, ambulatory service centers, and orthopedic centers.
The spinal surgery devices and equipment market research report is one of a series of new reports from The Business Research Company that provides spinal surgery devices and equipment market statistics, including spinal surgery devices and equipment industry global market size, regional shares, competitors with a spinal surgery devices and equipment market share, detailed spinal surgery devices and equipment market segments, market trends and opportunities, and any further data you may need to thrive in the spinal surgery devices and equipment industry. This spinal surgery devices and equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The spinal surgery devices and equipment market size has grown steadily in recent years. It will grow from $14.06 billion in 2024 to $14.54 billion in 2025 at a compound annual growth rate (CAGR) of 3.4%. The growth in the historic period can be attributed to rising incidences of spinal disorders, increasing burden of obesity, growing demand for spine surgeries in emerging markets, rising incidences of osteoarthritis and spinal stenosis in population, rapid growth in elderly population, launch of advanced bone grafting products, and increasing adoption of minimally invasive spine surgeries.
The spinal surgery devices and equipment market size is expected to see steady growth in the next few years. It will grow to $16.59 billion in 2029 at a compound annual growth rate (CAGR) of 3.4%. The growth in the forecast period can be attributed to advancements in spine surgery technologies, increasing elderly population, changes in lifestyles, faster economic growth, and increasing reimbursement for spine implants will drive market growth. Major trends in the forecast period include focusing on developing robot-assisted devices, investing in developing AR & VR for spinal surgery, investing in development of inflatable, shape-changing spinal implants, adopting nanosurface technology to development of novel bio ceramic materials, focusing on development of smart metals, developing novel motion preservation devices for spinal surgery devices and equipment, investing in 3d printing technologies, offering patient specific instrumentation and adaptive spine technology (AST), focusing on minimally invasive spinal surgery and novel endoscopic spinal surgery.
Elderly individuals play a significant role in driving the spinal surgery devices and equipment market, given their increased susceptibility to spinal complications. Spinal disorders predominantly impact the geriatric population, leading to spinal deformities and pain. According to UN estimates, the global geriatric population is expected to double by 2050, surpassing 2.1 billion, thereby contributing to substantial market growth in the future. The growing trend of an aging population worldwide is expected to create favorable conditions for the spinal implants and devices market.
The rising incidence of road accidents is anticipated to fuel the growth of the spinal surgery devices and equipment market in the coming years. Road accidents encompass incidents occurring on roadways involving one or more vehicles, pedestrians, cyclists, or other road users. Spinal surgery devices and equipment find applications in road accidents for precise diagnosis of spinal injuries, risk mitigation, damage reduction, enhanced pain management, accelerated recovery, and improved quality of life. For instance, in June 2022, the World Health Organization reported that almost 1.3 million people die annually from road accidents. Therefore, the increasing frequency of road accidents is a driving force behind the growth of the spinal surgery devices and equipment market.
The latest trend in the spinal surgery devices market involves the implementation of nanotechnology to enhance work quality, precision, and speed. Nanoparticles exhibit unique chemical, biological, and physical properties, enabling them to perform various cellular and subcellular tasks. Nanotechnology holds great promise in the field of spinal pathology, with hospitals and clinics awaiting FDA regulations to fully integrate this technology while exploring cost-reduction options. Vallum Corporation, a medical device company, recently obtained clearance from the American Food and Drug Administration (FDA) for its polyetheretherketone (PEEK) spinal fusion device featuring a Nano-textured surface.
Leading companies in the spinal surgery devices and equipment market are strategically focusing on developing innovative technologies such as Excelsius3D to drive market revenues. ExcelsiusGPS is a medical technology and surgical navigation system specifically designed for spine surgery. For instance, in May 2022, Globus Medical Inc., a US-based medical device company specializing in spine surgery devices and equipment, introduced Excelsius3D. This platform, combined with the ExcelsiusGPS robotic navigation system, offers an advanced intraoperative, image-guided robotic navigation solution, aiming to enhance implant placement accuracy, reduce radiation exposure, and streamline operating time. The Excelsius3D platform is designed to elevate accuracy and patient care, providing unparalleled imaging versatility, intelligence, and automation.
In October 2024, Stryker Corporation, a US-based medical technologies company, acquired Vertos Medical Inc. for an undisclosed sum. This acquisition enhances Stryker's portfolio of distinctive non-surgical solutions designed for interventionalists addressing chronic lower back pain. Furthermore, it broadens Stryker's presence in ambulatory surgery centers. Vertos Medical Inc. is a US-based manufacturer specializing in surgical instruments for minimally invasive procedures targeting lumbar spinal stenosis.
Major companies operating in the spinal surgery devices and equipment market include Medtronic plc, Johnson & Johnson, Stryker Corporation, NuVasive, Inc., Zimmer Biomet Holdings, Inc., Globus Medical, Inc., Orthofix Medical Inc., SeaSpine Holdings Corporation, RTI Surgical, B. Braun Melsungen AG, Changzhou Meditech Trading Co. Ltd, Shuzhou Sunan Zimmered Medical Instrument Co. LTD, Narang Medical Limited, Atlas Surgical, Auxein Medical, Teijin Nakashima Medical Co, Seikagaku Corporation, Anatomics, New Zealand Spine (NZOA), Amedica Corporation, BIO.MORPH, Evispine, POZVONOQ, SpineGuard, Alphatec Holdings Inc., Integra Life Sciences, Benvenue Medical, Neoortho, DePuy Snythes, GMReis, OSTEOMED Implantes, Shaarani Group, Babil Medical Equipment, PRODORTH-RD MEDIKAL, Mikron Makina, Osimplant, Tria Spine, Norm Medical, Southern Medical (Pty) Ltd, SASpine, EliteSurgical, TiTaMED, iSpine, GE Healthcare
North America was the largest region in global spinal surgery devices and equipment market in 2024. Western Europe was the second-largest region in global spinal surgery devices and equipment market. The regions covered in the spinal surgery devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the spinal surgery devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain
The spinal surgery devices and equipment market consist of sales of instruments such as pedicle screws, rods, connectors, plates, and interbody cages that are used for Spinal surgeries. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Spinal Surgery Devices And Equipment Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on spinal surgery devices and equipment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for spinal surgery devices and equipment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The spinal surgery devices and equipment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.