Spinal Fusion Devices Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Spinal Fusion Devices Market

The spinal fusion devices market size was valued at USD 6.37 billion in 2018, and the market is now projected tgrow USD 10.49 billion in 2032, exhibiting a CAGR of 3.6% during the forecast period of 2019-2032.

The spinal fusion devices market was affected by COVID due tcancellation of surgeries across the globe and disruptions in the chain of supply. Over the course of the study, NEW gave COVID-19 patients precedence, which limited the supply of equipment and capacity for non-emergency spinal surgeries. Such delays resulted treduced demand for spinal fusion devices for a while among patients and surgeons. But now due tthe revival of elective surgeries and enhancing patient backlog, the market has been on the revival phase. COVID-19 alsresulted in increased issues of remote, teledemorate and digital, care for patients before and after spine surgery.

Hospitals are now offering robotic spinal surgeries because of the current expansion of the use of surgical robots in the spine industry. Manufacturers are currently in the process of creating robots on spinal fusion implant as well as navigation equipment. Such a trend has alsresulted in partnerships and launches of products and, thereby, helped the market tgrow. Robotic systems used in surgeries are a productive part of the surgeries hence the importance given ttheir improvement. It is believed that these advancements will fuel the growth for spinal fusion devices market even more in the future.

The overall spinal fusion devices market has significant trends currently, where one of the trends is the growing global trend of minimal invasive surgical procedures since they have many advantages over the traditional procedures. Robot aided surgeries and better equipment’s for spine surgeries are enlarging the possibilities tdgreat surgeries. Using 3D print for spinal implants is the concept that gives ideas about compatible and efficacious options tbe developed specifically for individual patients. Moreover, the growth of degenerative spinal diseases associated with the population aging becomes the key factor of the market growth. Thus, there is a steady growth in emerging markets, such as Asia-Pacific this is due ta continually enhancing health care systems and allowable health care expenses.

Comprehensive Analysis of Spinal Fusion Devices Market

The spinal fusion devices market growth is rising at an exponential rate due tits market segmentation. This market expansion rightly presents a detailed local analysis based on the forces such as supply and demand which define the industry. These segmentations are methodically segregated by product type analysis, by disease indication analysis, and by end user analysis. By product type analysis include cervical devices, thoracolumbar devices, interbody devices, and biologics. By disease indication analysis include degenerative disc disease, complex deformity, traumas & fractures, and others. By end-user analysis include hospitals & ambulatory surgery centers, specialty clinics, and others.

The North America region lead the spinal fusion devices market share by benefitting a market size of USD 3.02 billion in 2018 due tincreasing prevalence of degenerative diseases and spine fractures.

The top players have a significant responsibility in the healthcare industry for Medtronic, Stryker, Zimmer Biomet, DePuy Synthes (Johnson & Johnson Services, Inc.), NuVasive, Inc., RTI Surgical Holdings, Inc., Aesculap, Inc. (B. Braun Melsungen AG), Alphatec Spine, Inc. these market players provide a level-playing competitive landscape.

In July 2021, Integrity Implants Inc. and Fusion Robotics, LLC merged and rebranded tpromote minimally invasive spinal surgery.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2015-2026

Base Year 2018

Forecast Period 2019-2026

Historical Period 2015-2017

Unit Value (USD Million)

Segmentation By Product Type

Cervical Devices

Thoracolumbar Devices

Interbody Devices

Biologics

By Disease Indication

Degenerative Disc Disease

Complex Deformity

Traumas & Fractures

Others

By End User

Hospitals & Ambulatory Surgery Centers

Specialty Clinics

Others

By Geography

North America (U.S. and Canada)

Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

Latin America (Brazil, Mexico, and Rest of Latin America)

Middle East and Africa ( South Africa, GCC, and Rest of Middle East & Africa)