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 InsightsThe 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 MatrixThe 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 AnalysisThe 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 ProfilesThe 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 & CoverageThis 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?
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