Spinal Implants And Devices Market Size, Share & Trends Analysis Report By Product (Spinal Fusion Devices, Spinal Biologics), By Technology, By Surgery Type, By Procedure Type, By Region, And Segment Forecasts, 2024 - 2030

Spinal Implants And Devices Market Size, Share & Trends Analysis Report By Product (Spinal Fusion Devices, Spinal Biologics), By Technology, By Surgery Type, By Procedure Type, By Region, And Segment Forecasts, 2024 - 2030

Spinal Implants And Devices Market Growth & Trends

The global spinal implants and devices market size is expected to reach USD 19.0 billion by 2030, registering a CAGR of 5.4% from 2024 to 2030, according to a new study by Grand View Research, Inc. The growing incidences of spinal cord injuries (SCIs) is a major factor contributing to market growth. For instance, the Centers for Disease Control and Prevention (CDC) estimates that SCIs cost the country around USD 9.7 billion annually.

According to estimates from the National Spinal Cord Injury Association, around 450,000 people in the U.S. are living with spinal cord injuries (SCIs), and about 17,000 new cases are reported annually. This increase in SCI prevalence has led to a higher demand for spinal implants and devices. The World Health Organization (WHO) states that nearly 90% of SCI incidents are due to traumatic events, though the incidence of non-traumatic SCIs is also on the rise. Additionally, it has been noted that between 20% and 30% of individuals with SCI experience significant levels of depression, which negatively impacts their functional recovery and overall well-being. The challenges faced by SCI patients are often exacerbated by limited access to necessary medical care and rehabilitation services.

Advancements in spine surgery technology are driving the expansion of the market. Carlsmed, for example, has launched Aprevo, a cutting-edge interbody solution that comprehensively addresses adult spinal deformity (ASD) through a digital approach. This innovative system utilizes custom 3D-printed implants designed for each patient based on their unique imaging data. Made of titanium, these Aprevo implants are customizable in various aspects, including coronal and lordotic angles, shape, size, and height. Such customization allows for the creation of tailored treatment plans that meet the precise needs of both patients and surgeons, offering an effective approach to managing ASD.

Moreover, introduction of robotic spine surgery, also referred to as robotic-assisted spine surgery has further propelled the market growth. It is a minimally invasive surgical procedure that involves the use of robotic systems to aid the surgeon during the operation. This innovative technique combines the precision and accuracy of robotic technology with the skills and decision-making capabilities of the surgeon and also works as a 3D imaging system.

Spinal Implants And Devices Market Report Highlights

• Based on product, the spinal fusion devices segment accounted for the revenue share of58.4% in 2023 owing to the technological advancements in spine fusion surgery with or without internal fixation
• Based on technology, spinal fusion and fixation technologies segment accounted for the largest market share in 2023. The growth is attributed to their coverage of a broad range of surgical methods, including both posterior and anterior methods
• Based on surgery type, open surgery segment accounted for the largest revenue share in 2023 owing to their flexibility in addressing complex spinal conditions that may require extensive intervention or correction
• Based on procedure type, laminotomy segment accounted for the largest revenue share in 2023 owing to the need to address specific conditions such as spinal stenosis or narrowing of the spinal canal

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