Global Spinal Fusion Market Growth (Status and Outlook) 2023-2029

Global Spinal Fusion Market Growth (Status and Outlook) 2023-2029

Spinal fusion is surgery to permanently join together two or more bones in the spine so there is no movement between them. For patients who require spinal fusion surgery to treat lumbar degenerative disc disease (DDD), spinal fusion device is a treatment option.

Spinal fusion has been used for many years to treat many painful conditions in the lumbar (lower) spine. Over the past decade, there has been dramatic improvement in the way that spinal fusion operations are performed. One major improvement has been the development of fixation devices. Designed to stabilize and hold the bones together while the fusion heals, these devices have greatly improved the success rate of fusion in the lower back.

In spinal fusion, spinal fusion device is good auxiliary equipment. For many people, spinal fusion is a proven choice. And for those who choose spinal fusion, spinal fusion device offers a therapy that can eliminate the need for an additional procedure to harvest autograft.

LPI (LP Information)' newest research report, the “Spinal Fusion Industry Forecast” looks at past sales and reviews total world Spinal Fusion sales in 2022, providing a comprehensive analysis by region and market sector of projected Spinal Fusion sales for 2023 through 2029. With Spinal Fusion sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Spinal Fusion industry.

This Insight Report provides a comprehensive analysis of the global Spinal Fusion landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Spinal Fusion portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Spinal Fusion market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Spinal Fusion and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Spinal Fusion.

The global Spinal Fusion market size is projected to grow from US$ 4775.8 million in 2022 to US$ 6757.4 million in 2029; it is expected to grow at a CAGR of 5.1% from 2023 to 2029.

Global Spinal Fusion key players include Stryker Corporation, Medtronic, Globus Medical, B. Braun Aesculap, Nuvasive, etc. Global top five manufacturers hold a share about 50%.

USA is the largest market, with a share about 60%, followed by China, and Europe, both have a share about 30 percent.

In terms of product, Posterior Lumbar Fusion (PLF) is the largest segment, with a share nearly 35%. And in terms of application, the largest application is Treatment of Spinal Diseases, followed by Control Spinal Deformity Development, Protection of Spinal Nerves, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Spinal Fusion market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type

Transforaminal Lumbar Interbody Fusion (TLIF)

Anterior Lumbar Interbody Fusion (ALIF)

Posterior Lumbar Interbody Fusion (PLIF)

Posterior Lumbar Fusion (PLF)

Extreme Lateral Interbody Fusion (XLIF)

Segmentation by application

Treatment of Spinal Diseases

Control Spinal Deformity Development

Protection of Spinal Nerves

Other

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Stryker Corporation

Medtronic

Zimmer Biomet

Depuy Synthes Companies

Globus Medical

B. Braun Aesculap

Nuvasive

K2M

MicroPort

Orthofix International N.V

Alphatec Spine

Integra LifeSciences

Invibio

Weigao Orthopaedic

Please note: The report will take approximately 2 business days to prepare and deliver.