Spinal implants and surgical devices Market - Global Industry Analysis

Spinal implants and surgical devices Market By Product (Thoracic Fusion and Lumbar Fusion Devices, Cervical Fusion Devices, Spine Biologics, Vertebral Compression Fracture Treatment Devices, Spinal Decompression Devices, Non-Fusion Devices, Spine Bone Stimulators), By Type of Surgery (Open Surgeries, Minimally Invasive Surgeries), By End user (Hospitals, Ambulatory Surgery Centers, Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 17-May-2022 Category: Medical Device Report Format : PDF Pages: 155 Report Code: ZMR-2333 Status : Published

The global spinal implants and surgical devices size market was worth around USD 12,513.9 million in 2021 and is estimated to grow to about USD 17254.7 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.5 percent over the forecast period.

Description

Spinal implants and surgical devices Market Size And Forecast

The global spinal implants and surgical devices market size was worth around USD 12,513.9 million in 2021 and is estimated to grow to about USD 17254.7 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.5 percent over the forecast period. The report analyzes the spinal implants and surgical devices market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the spinal implants and surgical devices market.

Spinal implants and surgical devices Market: Overview

Spinal implants and surgical devices are used in the treatment of spine injuries and spine disorders and are crucial to their treatment procedures. There has been an increase in instances of spine disorders over the past few years and this has majorly driven the demand for spinal implants and surgical devices and is expected to be the same for the forecast period.  

Lifestyle disorders and an increasingly sedentary lifestyle have been deemed as the major cause for increasing instances of spinal diseases and this is expected to majorly drive the spinal implants and surgical devices market potential over the forecast period. The increasing geriatric population will also boost the spinal implants and surgical devices market potential.

However, the high costs of these spinal implants and surgical devices and the unsurety of the credibility of treatment via these are expected to have a hindering effect on the global spinal implants and surgical devices market through 2028.

COVID-19 Impact:

The COVID-19 pandemic led to a shift in focus in the healthcare industry and this trend led to negative growth in the spinal implants and surgical devices market. The spread of coronavirus infections led to a stop in procedures for other diseases and this negatively impacted multiple markets this was the same for the spinal implants and surgical devices market as well.  

Lapses in manufacturing also had a restraining effect on the spinal implants and surgical devices market potential in 2020. The spinal implants and surgical devices market is expected to make a steady comeback in the post-pandemic era as the focus on healthcare procedures will be restored to its normal balance with decreasing coronavirus infections across the world. Increased focus on healthcare will majorly boost the spinal implants and surgical devices market potential over the forecast period.

Global Spinal implants and surgical devices Market

Spinal implants and surgical devices Market: Growth Drivers

Increasing Instances of Spinal Disorders

Spinal diseases and spinal disorders have seen a substantial rise in recent times and this has propelled the demand for spinal implants and surgical devices. The spinal implants and surgical devices market is expected to be benefitted from the growing geriatric population as well which is more prone to spinal injuries due to weak bones. The increasing availability of treatment procedures and favorable reimbursement policies are expected to boost the spinal implants and surgical devices market potential over the forecast period.

Spinal implants and surgical devices Market: Restraints

High Costs to Restrain growth

Spinal implants and surgical devices are usually priced at a higher price point and this is expected to hinder the spinal implants and surgical devices adoption over the forecast period. Moreover, uncertainty in treatment success is also expected to have a negative impact on the spinal implants and surgical devices market potential. Spinal implants and surgical devices companies are focusing on solving this issue to boost revenue generation potential through 2028.  

Global Spinal Implants and surgical devices Market: Segmentation

The global spinal implants and surgical devices market is segregated based on product, type of surgery, end user, and region.

By End user, the spinal implants and surgical devices market is segmented into Hospitals, Ambulatory Surgery Centers, and Others. The hospital segment is anticipated to hold a dominant outlook over the forecast period owing to the rising number of spinal surgeries being performed in hospital environments.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Recent Developments

  • In 2020 –  Medtronic a leading name in healthcare industry announced the acquisition of Stimgenics a United States based medical company that is responsible for pioneering novel spinal cord stimulation (SCS).

Regional Landscape

Asia Pacific region leads the global spinal implants and surgical devices market and is expected to rise at the fastest CAGR of all regions. Increasing cases of spinal injuries and spinal disorders, rising development of healthcare infrastructure, and increasing investments in research and development of spinal implants and surgical devices are major factors that will boost the spinal implants and surgical devices market potential through 2028. Increasing awareness for spine treatments and the rising availability of spine treatments will also influence spinal implants and surgical devices market growth. India and China are expected to be the most lucrative market for spinal implants and surgical devices manufacturers over the forecast period owing to rising investments in the development of healthcare infrastructure of these countries.

The market for spinal implants and surgical devices in North America is also expected to show beneficial opportunities owing to the presence of developed healthcare infrastructure and favorable reimbursement policies by healthcare providers and government. The United States is projected to be the most lucrative market in this region.

Competitive Landscape

Some of the main competitors dominating the global spinal implants and surgical devices market include - Laboratories, B. Braun (B. Braun Holding GmbH & Co. KG), Boston Scientific, Depuy Synthes (Johnson & Johnson), Exactech Inc. (Choice Spine), Globus Medical Inc., Integra LifeSciences Holdings Corporation, Medtronic Plc, Nuvasive Inc. (Smith & Nephew Plc), Orthofix Medical Inc., RTI Surgical Inc., Stryker Corporation and Zimmer Biomet Holdings Inc.

Global spinal implants and surgical devices market is segmented as follows:

By Product

  • Thoracic Fusion and Lumbar Fusion Devices
  • Cervical Fusion Devices
  • Spine Biologics
  • Vertebral Compression Fracture Treatment Devices
  • Spinal Decompression Devices
  • Non-Fusion Devices
  • Spine Bone Stimulators

By Type of Surgery

  • Open Surgeries
  • Minimally Invasive Surgeries

By End user

  • Hospitals
  • Ambulatory Surgery Centers
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Spinal implants and surgical devices Market, ( - ) (USD Million)
    • 2.2 Global Spinal implants and surgical devices Market : snapshot
  • Chapter 3. Global Spinal implants and surgical devices Market - Industry Analysis
    • 3.1 Spinal implants and surgical devices Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increasing Instances of Spinal Disorders
    • 3.3 Market Restraints
      • 3.3.1. High Costs to Restrain growth
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Product
      • 3.7.2 Market attractiveness analysis By Type of Surgery
      • 3.7.3 Market attractiveness analysis By End user
  • Chapter 4. Global Spinal implants and surgical devices Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Spinal implants and surgical devices Market: company market share,
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Spinal implants and surgical devices Market - Product Analysis
    • 5.1 Global Spinal implants and surgical devices Market overview: By Product
      • 5.1.1 Global Spinal implants and surgical devices Market share, By Product, and
    • 5.2 Thoracic Fusion and Lumbar Fusion Devices
      • 5.2.1 Global Spinal implants and surgical devices Market by Thoracic Fusion and Lumbar Fusion Devices, - (USD Million)
    • 5.3 Cervical Fusion Devices
      • 5.3.1 Global Spinal implants and surgical devices Market by Cervical Fusion Devices, - (USD Million)
    • 5.4 Spine Biologics
      • 5.4.1 Global Spinal implants and surgical devices Market by Spine Biologics, - (USD Million)
    • 5.5 Vertebral Compression Fracture Treatment Devices
      • 5.5.1 Global Spinal implants and surgical devices Market by Vertebral Compression Fracture Treatment Devices, - (USD Million)
    • 5.6 Spinal Decompression Devices
      • 5.6.1 Global Spinal implants and surgical devices Market by Spinal Decompression Devices, - (USD Million)
    • 5.7 Non-Fusion Devices
      • 5.7.1 Global Spinal implants and surgical devices Market by Non-Fusion Devices, - (USD Million)
    • 5.8 Spine Bone Stimulators
      • 5.8.1 Global Spinal implants and surgical devices Market by Spine Bone Stimulators, - (USD Million)
  • Chapter 6. Global Spinal implants and surgical devices Market - Type of Surgery Analysis
    • 6.1 Global Spinal implants and surgical devices Market overview: By Type of Surgery
      • 6.1.1 Global Spinal implants and surgical devices Market share, By Type of Surgery, and
    • 6.2 Open Surgeries
      • 6.2.1 Global Spinal implants and surgical devices Market by Open Surgeries, - (USD Million)
    • 6.3 Minimally Invasive Surgeries
      • 6.3.1 Global Spinal implants and surgical devices Market by Minimally Invasive Surgeries, - (USD Million)
  • Chapter 7. Global Spinal implants and surgical devices Market - End user Analysis
    • 7.1 Global Spinal implants and surgical devices Market overview: By End user
      • 7.1.1 Global Spinal implants and surgical devices Market share, By End user, and
    • 7.2 Hospitals
      • 7.2.1 Global Spinal implants and surgical devices Market by Hospitals, - (USD Million)
    • 7.3 Ambulatory Surgery Centers
      • 7.3.1 Global Spinal implants and surgical devices Market by Ambulatory Surgery Centers, - (USD Million)
    • 7.4 Others
      • 7.4.1 Global Spinal implants and surgical devices Market by Others, - (USD Million)
  • Chapter 8. Spinal implants and surgical devices Market - Regional Analysis
    • 8.1 Global Spinal implants and surgical devices Market Regional Overview
    • 8.2 Global Spinal implants and surgical devices Market Share, by Region, & (USD Million)
    • 8.3. North America
      • 8.3.1 North America Spinal implants and surgical devices Market, - (USD Million)
        • 8.3.1.1 North America Spinal implants and surgical devices Market, by Country, - (USD Million)
    • 8.4 North America Spinal implants and surgical devices Market, by Product, -
      • 8.4.1 North America Spinal implants and surgical devices Market, by Product, - (USD Million)
    • 8.5 North America Spinal implants and surgical devices Market, by Type of Surgery, -
      • 8.5.1 North America Spinal implants and surgical devices Market, by Type of Surgery, - (USD Million)
    • 8.6 North America Spinal implants and surgical devices Market, by End user, -
      • 8.6.1 North America Spinal implants and surgical devices Market, by End user, - (USD Million)
    • 8.4. Europe
      • 8.4.2 Europe Spinal implants and surgical devices Market, - (USD Million)
        • 8.4.2.1 Europe Spinal implants and surgical devices Market, by Country, - (USD Million)
    • 8.4 Europe Spinal implants and surgical devices Market, by Product, -
      • 8.4.1 Europe Spinal implants and surgical devices Market, by Product, - (USD Million)
    • 8.5 Europe Spinal implants and surgical devices Market, by Type of Surgery, -
      • 8.5.1 Europe Spinal implants and surgical devices Market, by Type of Surgery, - (USD Million)
    • 8.6 Europe Spinal implants and surgical devices Market, by End user, -
      • 8.6.1 Europe Spinal implants and surgical devices Market, by End user, - (USD Million)
    • 8.5. Asia Pacific
      • 8.5.3 Asia Pacific Spinal implants and surgical devices Market, - (USD Million)
        • 8.5.3.1 Asia Pacific Spinal implants and surgical devices Market, by Country, - (USD Million)
    • 8.4 Asia Pacific Spinal implants and surgical devices Market, by Product, -
      • 8.4.1 Asia Pacific Spinal implants and surgical devices Market, by Product, - (USD Million)
    • 8.5 Asia Pacific Spinal implants and surgical devices Market, by Type of Surgery, -
      • 8.5.1 Asia Pacific Spinal implants and surgical devices Market, by Type of Surgery, - (USD Million)
    • 8.6 Asia Pacific Spinal implants and surgical devices Market, by End user, -
      • 8.6.1 Asia Pacific Spinal implants and surgical devices Market, by End user, - (USD Million)
    • 8.6. Latin America
      • 8.6.4 Latin America Spinal implants and surgical devices Market, - (USD Million)
        • 8.6.4.1 Latin America Spinal implants and surgical devices Market, by Country, - (USD Million)
    • 8.4 Latin America Spinal implants and surgical devices Market, by Product, -
      • 8.4.1 Latin America Spinal implants and surgical devices Market, by Product, - (USD Million)
    • 8.5 Latin America Spinal implants and surgical devices Market, by Type of Surgery, -
      • 8.5.1 Latin America Spinal implants and surgical devices Market, by Type of Surgery, - (USD Million)
    • 8.6 Latin America Spinal implants and surgical devices Market, by End user, -
      • 8.6.1 Latin America Spinal implants and surgical devices Market, by End user, - (USD Million)
    • 8.7. The Middle-East and Africa
      • 8.7.5 The Middle-East and Africa Spinal implants and surgical devices Market, - (USD Million)
        • 8.7.5.1 The Middle-East and Africa Spinal implants and surgical devices Market, by Country, - (USD Million)
    • 8.4 The Middle-East and Africa Spinal implants and surgical devices Market, by Product, -
      • 8.4.1 The Middle-East and Africa Spinal implants and surgical devices Market, by Product, - (USD Million)
    • 8.5 The Middle-East and Africa Spinal implants and surgical devices Market, by Type of Surgery, -
      • 8.5.1 The Middle-East and Africa Spinal implants and surgical devices Market, by Type of Surgery, - (USD Million)
    • 8.6 The Middle-East and Africa Spinal implants and surgical devices Market, by End user, -
      • 8.6.1 The Middle-East and Africa Spinal implants and surgical devices Market, by End user, - (USD Million)
  • Chapter 9. Company Profiles
    • 9.1 Laboratories
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 B. Braun (B. Braun Holding GmbH & Co. KG)
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Boston Scientific
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Depuy Synthes (Johnson & Johnson)
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Exactech Inc. (Choice Spine)
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Globus Medical Inc.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Integra LifeSciences Holdings Corporation
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Medtronic Plc
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Nuvasive Inc. (Smith & Nephew Plc)
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Orthofix Medical Inc.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 RTI Surgical Inc.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Stryker Corporation
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Zimmer Biomet Holdings Inc.
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Spinal implants and surgical devices Market, - (USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Spinal implants and surgical devices Market attractiveness, By Product
  • 6. Global Spinal implants and surgical devices Market attractiveness, By Type of Surgery
  • 7. Global Spinal implants and surgical devices Market attractiveness, By End user
  • 8. Global Spinal implants and surgical devices Market share by Product, and (USD Million)
  • 9. Global Spinal implants and surgical devices Market by Thoracic Fusion and Lumbar Fusion Devices, - (USD Million)
  • 10. Global Spinal implants and surgical devices Market by Cervical Fusion Devices, - (USD Million)
  • 11. Global Spinal implants and surgical devices Market by Spine Biologics, - (USD Million)
  • 12. Global Spinal implants and surgical devices Market by Vertebral Compression Fracture Treatment Devices, - (USD Million)
  • 13. Global Spinal implants and surgical devices Market by Spinal Decompression Devices, - (USD Million)
  • 14. Global Spinal implants and surgical devices Market by Non-Fusion Devices, - (USD Million)
  • 15. Global Spinal implants and surgical devices Market by Spine Bone Stimulators, - (USD Million)
  • 16. Global Spinal implants and surgical devices Market share by Type of Surgery, and (USD Million)
  • 17. Global Spinal implants and surgical devices Market by Open Surgeries, - (USD Million)
  • 18. Global Spinal implants and surgical devices Market by Minimally Invasive Surgeries, - (USD Million)
  • 19. Global Spinal implants and surgical devices Market share by End user, and (USD Million)
  • 20. Global Spinal implants and surgical devices Market by Hospitals, - (USD Million)
  • 21. Global Spinal implants and surgical devices Market by Ambulatory Surgery Centers, - (USD Million)
  • 22. Global Spinal implants and surgical devices Market by Others, - (USD Million)
  • 23. Global Spinal implants and surgical devices Market share, by Region, and
  • 24. North America Spinal implants and surgical devices Market, - (USD Million)
  • 25. Europe Spinal implants and surgical devices Market, - (USD Million)
  • 26. Asia Pacific Spinal implants and surgical devices Market, - (USD Million)
  • 27. Latin America Spinal implants and surgical devices Market, - (USD Million)
  • 28. The Middle-East and Africa Spinal implants and surgical devices Market, - (USD Million)

Table Of Tables

  • 1. Global Spinal implants and surgical devices Market: Snapshot
  • 2. Drivers of the Spinal implants and surgical devices Market: impact analysis
  • 3. North America Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 4. North America Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 5. North America Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 6. U.S. Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 7. U.S. Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 8. U.S. Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 9. Canada Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 10. Canada Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 11. Canada Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 12. Europe Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 13. Europe Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 14. Europe Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 15. Germany Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 16. Germany Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 17. Germany Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 18. France Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 19. France Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 20. France Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 21. U.K. Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 22. U.K. Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 23. U.K. Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 24. Italy Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 25. Italy Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 26. Italy Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 27. Spain Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 28. Spain Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 29. Spain Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 30. Rest of Europe Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 31. Rest of Europe Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 32. Rest of Europe Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 33. Asia Pacific Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 34. Asia Pacific Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 35. Asia Pacific Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 36. China Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 37. China Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 38. China Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 39. Japan Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 40. Japan Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 41. Japan Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 42. India Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 43. India Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 44. India Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 45. South Korea Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 46. South Korea Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 47. South Korea Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 48. South-East Asia Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 49. South-East Asia Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 50. South-East Asia Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 51. Rest of Asia Pacific Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 52. Rest of Asia Pacific Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 53. Rest of Asia Pacific Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 54. Latin America Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 55. Latin America Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 56. Latin America Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 57. Brazil Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 58. Brazil Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 59. Brazil Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 60. Mexico Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 61. Mexico Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 62. Mexico Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 63. Rest of Latin America Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 64. Rest of Latin America Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 65. Rest of Latin America Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 66. The Middle-East and Africa Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 67. The Middle-East and Africa Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 68. The Middle-East and Africa Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 69. GCC Countries Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 70. GCC Countries Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 71. GCC Countries Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 72. South Africa Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 73. South Africa Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 74. South Africa Spinal implants and surgical devices Market revenue, By End user, - (USD Million)
  • 75. Rest of Middle-East Africa Spinal implants and surgical devices Market revenue, By Product, - (USD Million)
  • 76. Rest of Middle-East Africa Spinal implants and surgical devices Market revenue, By Type of Surgery, - (USD Million)
  • 77. Rest of Middle-East Africa Spinal implants and surgical devices Market revenue, By End user, - (USD Million)

Methodology

Free Analysis

Spinal implants and surgical devices are devices used to facilitate fusion, treat deformity, and strengthen and stabilize the spine. Degenerative disc disease, kyphosis, scoliosis, fracture, and spondylolisthesis are some disorders that are treated with the help of spinal implants and surgical devices.

According to the Global Burden of Disease, in 2010, lower back pain was among the topmost reasons for disability and a common reason for which people missed work. According to NSCISC, over 54 people per million in the U.S. suffer from spinal cord injuries per year or about 17,000 new spinal cord injuries cases in the U.S. are registered per year. This increase in the occurrence and prevalence of spinal deformities and disorders is mainly driving the growth of the global spinal implants and surgical devices market. Additionally, the rapid advancement in the technologies and products used in spinal implants and surgical devices and growing demand for these products are increasing the demand for the global market for spinal implants and surgical devices. The increase in obese population as well as geriatric population, boosting the demand for minimally invasive techniques and rise in the rate of accidents which hamper the alignment of the spinal cord are some of the other factors fueling the growth of the global spinal implants and surgical devices market.

Global Spinal Implants and Surgical Devices Market

Spinal implants and surgical devices market is segmented by product, type of surgery, and end-user. By product, the spinal implants and surgical devices market includes spinal fusion devices, spine biologics, vertebral compression fracture (VCF) treatment devices, spinal bone stimulators, non-fusion devices, and spinal decompression devices. Spinal fusion devices are further sub-segmented into thoracolumbar fixation devices, interbody fusion devices, and cervical fixation devices. Lumbar plates, pedicle screws, rods, hooks, and others comprise the thoracolumbar fixation devices segment. Interbody fusion devices sub-segment includes bone and non-bone fusion devices. Hook fixation systems, anterior cervical plates, screws, and others comprise the cervical fixation devices sub-segment. The non-fusion devices segment includes dynamic stabilization devices, artificial discs, nuclear disc prostheses, and annulus repair devices. The VCF treatment devices are further sub-segmented into vertebroplasty devices and balloon kyphoplasty devices. The spinal bones stimulators sub-segment includes invasive and non-invasive spine bone stimulators. Spine biologics segment is further sub-segmented into bone graft substitutes, bone graft, and bone marrow aspirate therapy. Spinal fusion devices segment is expected to dominate the product segment. By type of surgery, the market is bifurcated into minimally invasive spine surgery and open spine surgery. Minimally invasive spine surgery is dominating the market due to increasing awareness and demand for minimally invasive surgeries by the patients. By end-user, this market includes hospitals, orthopedic centers, and ambulatory surgical centers. The hospital segment is likely to dominate the market, due to the presence of a large patient pool in the hospitals and the use of technologically advanced products.

North America is anticipated to dominate the spinal implants and surgical devices market in the forecast period, due to the increasing demand for minimally invasive spine surgeries, rising geriatric and obese population, and rising prevalence of spinal diseases and disorders. In the forecast period, Asia Pacific is likely to register the highest CAGR, owing to the improvement in the reimbursement policies for spinal surgeries, growth in awareness, use of new technologies, and the presence of a large patient pool. Additionally, increasing cases of accidents is causing spinal deformities and growing population suffering from spinal disorders due to lifestyle changes are also increasing the demand for this market in the Asia Pacific region.

The main players of the global spinal implants and surgical devices market are Stryker Corporation, Pioneer Surgical, Globus Medical, Zimmer Biomet Holdings, Medtronic, NuVasive Inc., Alphatec Holdings, DePuy Synthes, Orthofix International N.V., and RTI Surgical Inc.

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FrequentlyAsked Questions

Increasing instances of spinal disorders, rising availability of spinal treatments, and favorable reimbursement policies are some major trends that guide spinal implants and surgical devices market growth.

According to the Market Research report, the global spinal implants and surgical devices market size was worth about US$ 12,513.9 million in 2021 and is predicted to grow to around US$ 17254.7 million by 2028, with a compound annual growth rate (CAGR) of around 5.5 percent.

Asia Pacific region leads the global spinal implants and surgical devices market and is expected to rise at the fastest CAGR of all regions. Increasing cases of spinal injuries and spinal disorders, rising development of healthcare infrastructure

Some of the main competitors dominating the global spinal implants and surgical devices market include -- Laboratories, B. Braun (B. Braun Holding GmbH & Co. KG), Boston Scientific, Depuy Synthes (Johnson & Johnson), Exactech Inc. (Choice Spine), Globus Medical Inc., Integra LifeSciences Holdings Corporation, Medtronic Plc, Nuvasive Inc. (Smith & Nephew Plc), Orthofix Medical Inc., RTI Surgical Inc., Stryker Corporation and Zimmer Biomet Holdings Inc.

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