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Global Spinal Implants and Surgical Devices Market - Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Spinal Implants and Surgical Devices Market, By Type (Open Surgery, Minimally Invasive Surgery), Technology (Fusion and Fixation Technology, Vertebral Compression Fracture Treatment, Motion Preservation Technologies, Spinal Decompression), Product (Spinal Fusion Devices, Spinal Biologics, Vertebral Compression Fracture Treatment Devices, Non-fusion Devices, Spinal Bone Growth Stimulators), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.

Spinal Implants and Surgical Devices Market

Market Analysis and Size          

According to the National SCI Statistical Center 2018, the annual incidence of spinal cord injury (SCI) in the United States is approximately 54 cases per one million people, or approximately 17,700 new SCI cases each year. Degenerative disc disease, spondylolisthesis, kyphosis, scoliosis, and fractures are some of the diseases that can be treated with spinal implants.

Data Bridge Market Research analyses that the spinal implants and surgical devices market was valued at USD 10.72 billion in 2021 and is further estimated to reach USD 17.22 billion by 2029, and is expected to grow at a CAGR of 6.1% during the forecast period of 2022 to 2029.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Open Surgery, Minimally Invasive Surgery), Technology (Fusion and Fixation Technology, Vertebral Compression Fracture Treatment, Motion Preservation Technologies, Spinal Decompression), Product (Spinal Fusion Devices, Spinal Biologics, Vertebral Compression Fracture Treatment Devices, Non-fusion Devices, Spinal Bone Growth Stimulators)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Medtronic (US), Stryker Corporation (US), Zimmer Biomet (US), Globus Medical (US), Exactech, Inc. (US), Orthofix Medical Inc. (US), ATEC Spine, Inc. (US), Integra LifeSciences (US), NORMAN NOBLE, INC (US), XTANT MEDICAL (US), Spine Wave, Inc. (US), Captiva Spine, Inc. (US), Wenzel Spine. (US), Jayon Implants. (India), Tecomet, Inc. (US), SINTX Technologies, Inc. (US), Abbott (US), Meditech Spine, LLC (US), Boston Scientific Corporation (US) and GPC Medical Ltd. (India).

Market Opportunities

  • Advancements in spine surgery technologies
  • An increase in the prevalence of spinal disorders
  • The introduction of advanced bone grafting products
  • An increase in the adoption of minimally invasive spine surgeries

Market Definition

Spinal implants and surgical devices are the types of devices used by surgeons during surgery to treat deformities, stabilise and strengthen the spine, and facilitate spinal fusion. Degenerative disc disease, spondylolisthesis, kyphosis, scoliosis, and fractures are some of the diseases that can be treated with spinal implants.

Spinal Implants and Surgical Devices Market Dynamics                      

Drivers

  • Developments in spine surgery technologies

Various technological developments, such as the development of advanced bone grafting products and the use of materials that are more durable than metal, are promoting market growth.

  • Rise in the prevalence of spinal diseases

There is an increase in the prevalence of degenerative spinal diseases in the world's population. According to the World Health Organization, approximately 413 million people worldwide suffer from degenerative spine disease is expected to fuel the growth of the global spine implants and surgery devices market.

  • Increase in the geriatric population

Rising spondylosis incidences in the geriatric population are expected to boost demand for spinal implants and surgical devices in the industry.

Opportunities

In addition, the growing number of hospitals and surgical centers is further estimated to provide potential opportunities for the growth of the spinal implants and surgical devices market in the coming years.

Restraints/Challenges

On the other hand, the increased cost of treatment procedures is further projected to impede the growth of the spinal implants and surgical devices market in the targeted period. However, the dearth of inadequate amount of physicians and limited awareness/education might further challenge the growth of the spinal implants and surgical devices market in the near future.

This spinal implants and surgical devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the spinal implants and surgical devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Spinal Implants and Surgical Devices Market

The pandemic of COVID-19 has had a huge impact on the spinal implants and surgical devices market. Because of the COVID-19 pandemic, a large number of patients visit healthcare facilities on a daily basis. Hospital beds, healthcare providers, and basic medical devices were in short supply. The medical device industry saw a significant drop in spinal implant devices sales. However, in the post-COVID scenario, spinal implants and surgical devices market is projected to be significantly impacted due to the growing demand for minimally invasive spine surgeries.

Recent Development

  • In August 2019, Mantiz, a South Korean specialist producer of spinal implants, has formed a partnership with Shining 3D Tech. Co. to produce medical implants using Shining 3D machines.

Global Spinal Implants and Surgical Devices Market Scope and Market Size

The spinal implants and surgical devices market is segmented on the basis of type, technology and product. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Open Surgery
  • Minimally Invasive Surgery

On the basis of type, the spinal implants and surgical devices market is segmented into open surgery and minimally invasive surgery.

Technology

  • Fusion and Fixation Technology
  • Vertebral Compression Fracture Treatment
  • Motion Preservation Technologies
  • Spinal Decompression

On the basis technology, the spinal implants and surgical devices market is segmented into fusion and fixation technology, vertebral compression fracture treatment, motion preservation technologies and spinal decompression.

Product                                                                                             

  • Spinal Fusion Devices
  • Spinal Biologics
  • Vertebral Compression Fracture Treatment Devices
  • Non-fusion Devices
  • Spinal Bone Growth Stimulators

On the basis product, the spinal implants and surgical devices market is segmented into spinal fusion devices, spinal biologics, vertebral compression fracture treatment devices, non-fusion devices and spinal bone growth stimulators.

Spinal Implants and Surgical Devices Market Regional Analysis/Insights     

The spinal implants and surgical devices market is analysed and market size insights and trends are provided by country, type, technology and product as referenced above.

The countries covered in the spinal implants and surgical devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the spinal implants and surgical devices market due to the sturdy occurrence of well-established healthcare infrastructure. Furthermore, the increase in the government funding to support research and development for spine treatment will further boost the growth of the spinal implants and surgical devices market in the region during the forecast period.

Asia-Pacific is projected to observe significant amount of growth in the spinal implants and surgical devices market due to the advancing healthcare infrastructure. Moreover, the rise in the geriatric population occurrence of huge patient population is further anticipated to propel the growth spinal implants and surgical devices market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure growth Installed base and New Technology Penetration

The spinal implants and surgical devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for spinal implants and surgical devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the spinal implants and surgical devices market. The data is available for historic period 2010-2020.

Competitive Landscape and Spinal Implants and Surgical Devices Market Share Analysis

The spinal implants and surgical devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to spinal implants and surgical devices market.

 Some of the major players operating in the spinal implants and surgical devices market are:

  • Medtronic (US)

  • Stryker Corporation (US)
  • Zimmer Biomet (US)
  • Globus Medical (US)
  • Exactech, Inc (US)
  • Orthofix Medical Inc (US)
  • ATEC Spine, Inc. (US
  • Integra LifeSciences (US)
  • NORMAN NOBLE, INC (US)
  • XTANT MEDICAL (US)
  • Spine Wave, Inc (US)
  • Captiva Spine, Inc(US)
  • Wenzel Spine. (US)
  • Jayon Implants. (India)
  • Tecomet, Inc (US)
  • SINTX Technologies, Inc (US)
  • Abbott (US), Meditech Spine, LLC (US)
  • Boston Scientific Corporation (US)
  • GPC Medical Ltd. (India)

Research Methodology: Global Spinal Implants and Surgical Devices Market                             

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The market value for Spinal Implants and Surgical Devices Market is expected USD 17.22 billion by 2029.
The Spinal Implants and Surgical Devices Market is to grow at a CAGR of 6.1% during the forecast by 2029.
the major players operating in the Spinal Implants and Surgical Devices Market are Medtronic (US), Stryker Corporation (US), Zimmer Biomet (US), Globus Medical (US), Exactech, Inc. (US), Orthofix Medical Inc. (US), ATEC Spine, Inc. (US), Integra LifeSciences (US), NORMAN NOBLE, INC (US), XTANT MEDICAL (US), Spine Wave, Inc. (US), Captiva Spine, Inc. (US), Wenzel Spine. (US), Jayon Implants. (India), Tecomet, Inc. (US), SINTX Technologies, Inc. (US), Abbott (US), Meditech Spine, LLC (US), Boston Scientific Corporation (US) and GPC Medical Ltd. (India).
On the basis of Technology, the Spinal Implants and Surgical Devices Market is segmented into Fusion and Fixation Technology, Vertebral Compression Fracture Treatment, Motion Preservation Technologies, Spinal Decompression.