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

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 25.56 billion in 2023 and expected to reach USD 27.03 billion in 2024, at a CAGR 6.19% to reach USD 38.92 billion by 2030.

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.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Spinal Implants & Surgery Devices Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

• Increasing prevalence of degenerative disc diseases and spine-related ailments
• Rising number of spinal surgeries due to increasing road accidents
• Growing awareness about the availability and benefits of minimally invasive surgeries

Market Restraints

• High initial cost of development of spinal implants & surgery devices

Market Opportunities

• Ongoing research to innovate smart and active spinal implants & surgery devices
• Collaborations among players and healthcare institutions for product commercialization

Market Challenges

• Technical limitations associated with spinal implants & surgery devices

Market Segmentation Analysis

• Product Type: Growing usage of spine biologics that facilitate bone growth
• Type of Surgery: Preference of spinal implants & surgery devices for minimally invasive surgeries to improve safety during spinal procedures
• End-Users: Increasing application of spinal implants & surgery devices in hospitals that reduce hospitalization time and optimize surgical outcomes

Market Disruption Analysis

• Porter’s Five Forces Analysis
• Value Chain & Critical Path Analysis
• Pricing Analysis
• Technology Analysis
• Patent Analysis
• Trade Analysis
• Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Spinal Implants & Surgery Devices Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Spinal Implants & Surgery Devices Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Silony Medical completes acquisition of Centinel Spine’s global fusion business

Silony Medical acquired Centinel Spine's global fusion business. This acquisition expands Silony Medical's portfolio, including the Verticale posterior screw and rod fusion platform, as well as the Roccia and Favo Interbody Fusion (IBF) systems with Stalif technology. As a result of the acquisition, Silony has rebranded itself as Silony Spine, underscoring its commitment to spine fusion technology.

NanoHive Medical and DirectSync Surgical to Collaborate on Patient-Powered Smart Spinal Implants

NanoHive Medical, LLC and DirectSync Surgical have joined forces to redefine spinal fusion procedures and develop a groundbreaking stimulating/sensing 3D printed interbody fusion cage. This collaboration harnesses their unique strengths and expertise. The research project aims to integrate patient-powered stimulation into Hive implants and provide surgeons with tools for post-operative data analysis.

SynerFuse Announces Solo Spine Surgeon Implants 8th Patient in Integrated Spinal Fusion and DRG Neuromodulation Proof-of-Concept Study

SynerFuse Inc. announced a groundbreaking procedure performed by a solo spine surgeon, which combines spinal fusion with the implantation of a neurostimulator to provide stimulation of the dorsal root ganglion (DRG). The aim is to effectively treat chronic neuropathic pain and deliver relief to patients suffering from chronic lower back pain (cLBP).

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Spinal Implants & Surgery Devices Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

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

Please Note: PDF & Excel + Online Access - 1 Year