Spinal Implants & Surgery Devices Market by Product Type (Cervical Fusion Devices, Non-Fusion Devices, Posterior Cervical Fusion Devices), Type of Surgery (Minimally Invasive Surgeries, Open Surgeries), End-User - Global Forecast 2024-2030


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Spinal Implants & Surgery Devices Market by Product Type (Cervical Fusion Devices, Non-Fusion Devices, Posterior Cervical Fusion Devices), Type of Surgery (Minimally Invasive Surgeries, Open Surgeries), End-User - Global Forecast 2024-2030


The Spinal Implants & Surgery Devices Market size was estimated at USD 15.79 billion in 2023 and expected to reach USD 16.60 billion in 2024, at a CAGR 5.30% to reach USD 22.67 billion by 2030.

Global Spinal Implants & Surgery Devices Market

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.

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?

Note: PDF & Excel + Online Access - 1 Year


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. Limitations
1.7. Assumptions
1.8. 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
4.1. Introduction
4.2. Spinal Implants & Surgery Devices Market, by Region
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 Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
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. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
12.3.1. Merger & Acquisition
12.3.1.1. Silony Medical completes acquisition of Centinel Spine’s global fusion business
12.3.2. Agreement, Collaboration, & Partnership
12.3.2.1. NanoHive Medical and DirectSync Surgical to Collaborate on Patient-Powered Smart Spinal Implants
12.3.3. New Product Launch & Enhancement
12.3.3.1. SynerFuse Announces Solo Spine Surgeon Implants 8th Patient in Integrated Spinal Fusion and DRG Neuromodulation Proof-of-Concept Study
13. Competitive Portfolio
13.1. Key Company Profiles
13.1.1. Accelus
13.1.2. Advin Health Care
13.1.3. Augmedics
13.1.4. B. Braun SE
13.1.5. Bioventus LLC
13.1.6. Boston Scientific Corporation
13.1.7. Camber Spine Technologies, LLC
13.1.8. Globus Medical, Inc.
13.1.9. GPC Medical Ltd.
13.1.10. GWS Surgicals LLP
13.1.11. Jayon Implants Private Limited
13.1.12. Johnson & Johnson Services, Inc.
13.1.13. Kleiner Device Labs
13.1.14. Kuros Biosciences A.G.
13.1.15. Medtronic PLC
13.1.16. NuVasive, Inc.
13.1.17. Orthofix Medical Inc.
13.1.18. SeaSpine Orthopedics Corporation
13.1.19. SI-BONE, Inc.
13.1.20. Spineart SA
13.1.21. Stryker Corporation
13.1.22. Synapse Biomedical Inc.
13.1.23. Vishal Surgitech Pvt. Ltd.
13.1.24. Xtant Medical Corporate
13.1.25. ZimVie Inc.
13.2. Key Product Portfolio
14. Appendix
14.1. Discussion Guide
14.2. License & Pricing
FIGURE 1. SPINAL IMPLANTS & SURGERY DEVICES MARKET RESEARCH PROCESS
FIGURE 2. SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, 2023 VS 2030
FIGURE 3. SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. SPINAL IMPLANTS & SURGERY DEVICES MARKET DYNAMICS
FIGURE 7. SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY PRODUCT TYPE, 2023 VS 2030 (%)
FIGURE 8. SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY PRODUCT TYPE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY TYPE OF SURGERY, 2023 VS 2030 (%)
FIGURE 10. SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY TYPE OF SURGERY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 12. SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. AMERICAS SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 14. AMERICAS SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. UNITED STATES SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 16. UNITED STATES SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. ASIA-PACIFIC SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. ASIA-PACIFIC SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. EUROPE, MIDDLE EAST & AFRICA SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. EUROPE, MIDDLE EAST & AFRICA SPINAL IMPLANTS & SURGERY DEVICES MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. SPINAL IMPLANTS & SURGERY DEVICES MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 22. SPINAL IMPLANTS & SURGERY DEVICES MARKET SHARE, BY KEY PLAYER, 2023

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