Spine Surgery Devices Market Trend, Share, Growth, Size, Analysis and Forecast 2030

Spine Surgery Devices Market

Spine Surgery Devices Market By Technology Type (Fusion Non-Fusion, Vertebral Compression Fracture, Spine Biologics, And Spinal Decompression) For Device Type Like Fusion Devices, Fracture Repair, Non-Fusion Devices And Arthroplasty- Asia Pacific Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends, And Forecast, 2020 – 2028

Category: Medical Device Report Format : PDF Pages: 180 Report Code: ZMR-256 Published Date: Aug-2021 Status : Published

The Asia Pacific Spine Surgery Devices market accounted for USD 2.65 Billion in 2020 and is expected to reach USD 3.97 Billion by 2028, growing at a CAGR of around 5.1% between 2021 and 2028.      

Spine Surgery Devices Market Overview     

The Asia Pacific Spine Surgery Devices market accounted for USD 2.65 Billion in 2020 and is expected to reach USD 3.97 Billion by 2028, growing at a CAGR of around 5.1% between 2021 and 2028.      

The growth of the spine surgery market is propelled by the increasing number of geriatric and obese populations. The geriatric and obese populations are more susceptible to spine problems. Moreover, emerging technologies for minimally invasive spine surgery procedures and the increasing prevalence of spinal injuries are projected to fuel the expansion of the spine surgery market. Additionally, car and automobile accidents are the most reason for spine injuries, per annum, owing to car and automobile accidents are accounting for quite 35% of spine injuries and this may boost the expansion of the spine surgery device market.

On another hand, uncertainty in reimbursement, the high cost of surgery, and the paucity of education associated with spine treatment may hamper the expansion of the spine surgery market. Nonetheless, increasing demand for medical tourism in emerging markets is probably going to open new opportunities within the forecast period.

Spine Surgery Devices Market SizeRequest Free Sample

COVID-19 Impact Analysis  

The COVID-19 outbreak has harmed many lives, in addition to the effects of the disease on public health, there is also the collateral effect of near-universal disruption and cancelation of surgical services. Consistent with the CovidSurg Collaborative, a 120-country research initiative formed to research the impact of the COVID- 19 pandemics on surgeries, around 29 Billion elective surgeries worldwide are going to be canceled or postponed in 2020 and 2021, supported by 12 weeks of peak disruption to hospital services due to COVID-19. As per analysis, spine surgeries are also going to be the foremost frequently canceled surgeries, worldwide over the pandemic. The expansion of the market is on hold due to the Covid-19 outbreak but is predicted to be restored once things stabilize.

Growth Factors

The key factors propelling the growth of this market are the increasing adoption rate of minimally invasive spinal surgeries, increasing incidences of obesity and degenerative spinal conditions & increasing technological advancements in spinal surgery. The spine is composed of 26 vertebrates stacked on top of one other and spinal column allowing us to stand upright twist & bend and provides the main support for our body. Thus, damage to the spinal cord causes a serious problem to the spinal column either temporarily or permanently. Patients facing issues opt for surgery as these days number of technologies are available including fusion, non-fusion, vertebral compression fracture, spine biologics, and spinal decompression. New product launches and technological advancements are anticipated to possess a positive influence on regional demand.

Spine Surgery Devices Market: Report Scope:

Report Attributes Report Details
Report Name Spine Surgery Devices Market
Market Size in 2020 USD 2.65 Billion
Market Forecast in 2028 USD 3.97 Billion
Compound Annual Growth Rate CAGR of 5.1%
Number of Pages 180
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Alphatec Spine, Inc., Biomet, Inc., Depuy Synthes Companies, Globus Medical, Inc., Integra Lifesciences Holdings Corporation., Medtronic, Inc., Nuvasive Inc, Stryker Corporation, Zimmer Holding, Inc., and Amedica Corporation.
Segments Covered By Device Type, By Technology And By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA)
Countries Covered North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
Base Year 2020
Historical Year 2016 to 2020
Forecast Year 2021 - 2028
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Technology Segment Analysis Preview  

Based on technology type spine surgery market has been segmented into fusion, non-fusion, vertebral compression fracture, spine biologics, and spinal decompression. In 2018, the fusion technology segment dominated the market of spine surgery with a 42% share of the market and but in the forecast, it is expected to slow down the growth rate due to emerging technologies in the spine biologics segment. In the forecast period, spine biologics technology is expected to come up as the leading segment with the highest growth rate.  

Device Type Segment Analysis Preview  

Based on device type, the market of spine surgery has been segmented into fusion devices, fracture repair, non-fusion devices, and arthroplasty. In 2018, the fusion device segment dominated the spine surgery market with a 45% market share and during the forecast period, the non-fusion market is anticipated to grow at a healthy rate due to increasing demand for minimally invasive surgery procedures.

Spine Surgery Devices Market ShareRequest Free Sample

Country Analysis Preview  

The Asia Pacific is projected to grow at the fastest growth shortly and this is due to increasing awareness and government support towards the industry.  Based on the country, the market has been segmented as China, Japan, India, and the Rest of Asia-Pacific. In 2017, China was dominating the spine surgery device market followed by Japan while India held the 20% share of the Asia Pacific spine surgery device market. In the forecast period, China is expected to grow at a CAGR of 8% due to the increasing geriatric and obese population.

Spine Surgery Devices Market RegionRequest Free Sample

Key Market Players & Competitive Landscape

Key participants operating in the Asia Pacific spine surgery devices market include Alphatec Spine, Inc., Biomet, Inc., Depuy Synthes Companies, Globus Medical, Inc., Integra Lifesciences Holdings Corporation., Medtronic, Inc., Nuvasive Inc, Stryker Corporation, Zimmer Holding, Inc., and Amedica Corporation.

The Asia Pacific Spine Surgery Devices Market is segmented as follows:

By Device Type

  • Fusion Devices
  • Fracture Repair
  • Non-Fusion Devices
  • Arthroplasty

By Technology

  • Fusion
  • Non-Fusion 
  • Vertebral Compression Fracture
  • Spine Biologics
  • Spinal Decompression

By Region

  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific

Table Of Content

Methodology

Free Analysis

FrequentlyAsked Questions

The Asia Pacific Spine Surgery Devices Market was valued at USD 2.65 Billion in 2020.

The Asia Pacific Spine Surgery Devices Market is expected to reach USD 3.97 Billion by 2028, growing at a CAGR of 5.1% between 2021 to 2028.

The demand for Asia Pacific Spine Surgery Devices is on the rise due to the growing incidences of sports injuries, obesity  and the increasing participation of people in sports and fitness-related activities.

China is expected to remain the dominant region over the forecast period.

Key participants operating in the Asia Pacific spine surgery devices market include Alphatec Spine, Inc., Biomet, Inc., Depuy Synthes Companies, Globus Medical, Inc., Integra Lifesciences Holdings Corporation., Medtronic, Inc., Nuvasive Inc, Stryker Corporation, Zimmer Holding, Inc., and Amedica Corporation.

Choose License Type

  • zion payment modes

HappyClients

Office Address

Contact Us

Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008

Contact #

US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com

We Are On Social

Industry Press Release

We Accept

We have secured system to process your transaction.

  • payment methods

Business Hours

Our support available to help you 24 hours a day, five days a week.

Monday - Friday: 9AM - 6PM

Saturday - Sunday: Closed