Europe Spinal Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Europe Spinal Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The European Spinal Surgery Devices Market is expected to register a CAGR of 6.3% over the forecast period.

COVID-19 has affected the world and has had a major impact on the healthcare system. The COVID-19 outbreak has resulted in many changes in European healthcare practice, especially in spine surgery. The strict lockdown and the policies led to the relocation of medical healthcare providers and material resources to deal with this abrupt emergency. Thus, elective operations/therapies and non-emergency medical procedures have nearly all come to a halt in most medical centers. Patients were also avoiding visiting medical facilities that may be considered a potential source of infections, which also contributed to the delay in spinal surgeries, thereby impacting the spinal surgery devices in the region. An article titled, published in November 2021, “The Impact of the COVID-19 Pandemic on Spine Surgery in Central Europe: A Questionnaire-Based Study” reported the 75% reduction in the availability of medical equipment, and this pandemic resulted in comparable restrictive measures for spinal surgical departments in central Europe. The COVID-19 pandemic resulted in comparable restrictive measures for spinal surgical departments in central Europe, however, the market showed significant traction within a few months, as the reduction in COVID-19 cases was reported and due to the growing demand for minimally invasive surgical procedures in the region.

The European spinal surgery devices market has shown healthy growth, owing to the increasing demand for minimally invasive surgical procedures, a growing burden of obesity, the aging population, and associated spine disorders, and continuous advancements in spine surgery technologies. Spine disorders (SD) and the associated pain are found to be the major medical, social, and economic problems, because of their high prevalence and the ever-increasing number of patients among the elderly population. In most cases of spinal disorder, patients experience pseudo radicular pain, and in the majority, the pain results from degenerative changes in the spine, involving the intervertebral discs, facet joints, and soft tissues. For instance, in January 2021 an article titled “The prevalence of hereditary neuromuscular disorders in Northern Norway” reported that the total hereditary neuromuscular disorder (HNMD) prevalence in this study was higher than the prevalence of hereditary neuromuscular disorder (HNMD) in hypothetical estimates made from studies across Europe.

Also, the European region witnessed a high proportion of the geriatric population of the total population. The population aged 65 and above is highly prevalent in spinal surgeries. For instance, in September 2021 an article titled, “Incidence, prevalence, and disability associated with neurological disorders in Italy” reported that neurological conditions are highly prevalent and disabling, in the elderly. The Italian population has witnessed sharp aging and we can thus expect a rising trend in the incidence, prevalence, and disability of these conditions. Also, the technological advancements by the key market players are driving the market in the region.

Thus, due to aforesaid mentioned reasons, the market is expected to show significant growth over the forecast period. However, the high cost and time involved in treatment procedures and reimbursement issues may slow down market growth.

Key Market TrendsLumbar Fusion is Expected to Witness a Significant Growth Over the Forecast Period

Lumbar fusion is found to be an effective treatment option for patients suffering from lumbar spinal stenosis, and it is an advanced alternative treatment for decompression spine surgery. The high adoption rates of minimally invasive procedures, such as transforaminal lumbar interbody fusion (TLIF) and posterior lumbar interbody fusion (PLIF), are contributing to the market expansion. The major players in this field manufacture both anterior and posterior dynamic stabilization devices, and there are also several clinical trials for new products that are in process. Thus, these factors are likely to drive the growth of the market studied in the coming future.

Demand for minimally invasive fusion systems and the demand for robotic fusion techniques is anticipated to be prominent in the market landscape. Also, the new clinical trials are fueling the market. For instance, in October 2020, a study titled, "Risk factors for early reherniation after lumbar discectomy with or without annular closure: results of a multicenter randomized controlled study" this clinical study was conducted in Europe reported that risk factors for early recurrent disc herniation after lumbar discectomy and the annular closure device reduced the risk of early reherniation. For instance, in January 2021, a study titled, "One-way self-expanding rod for early-onset scoliosis: early results of a clinical trial of 20 patients" published in the European Spine Journal reported that in neuromuscular diseases, the new one-way self-expanding rod (OWSER) bilateral construct seems to be safe and less aggressive. The study reported the safety and efficacy of a new one-way self-expanding rod. This device could avoid further surgery and reduce the rate of complications after long follow-ups. Such clinical trials and related studies about spinal surgery devices are also boosting the market.

Thus, due to the aforesaid mentioned reasons, the segment is expected to show significant growth over the forecast period.

Germany is Expected to Witness a Significant Growth Over the Forecast Period

Germany is expected to witness significant growth in the market due to the rise in the number of spinal cord surgeries in the region and the technological advancements have also led to high growth in the Europe spine market which is further contributing to the regional market growth. Healthcare reimbursement has played a vital role in driving the demand for spinal implants in the country. Key players have also gained significant market revenue in Germany. For instance, in September 2021, in an article titled, ‘Association of age with the timing of acute spine surgery–effects on neurological outcome after traumatic spinal cord injury the study conducted in Germany reported that half of the old, aged population in Germany experience spinal cord injury and does require surgery for its treatment, thereby driving the market.

Also, due to the presence of key market players in the region, technical advancements, and clinical studies being conducted in various regions of Europe in the field of neuroscience, the market is witnessing significant growth. For instance, in October 2021, an article titled, “A Novel Multi-Dimensional Clinical Response Index Dedicated to Improving Global Assessment of Pain in Patients with Persistent Spinal Pain Syndrome after Spinal Surgery, Based on a Real-Life Prospective Multicentric Study (PREDIBACK) and Machine Learning Techniques” a clinical study PREDIBACK performed in France reported that application of applying machine learning methods to capture the essence of pain with an alternative vision. The study developed a novel Multidimensional Clinical Response Index (MCRI) to improve global assessment in patients with persistent spinal pain syndrome after spinal surgery.

Thus, due to the aforesaid mentioned reasons, the market is expected to show significant growth over the forecast period.

Competitive Landscape

The Europe spinal surgery devices market is moderately consolidated due to the presence of fewer companies at the global and regional levels. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares and are well known as Alphatec Spine Inc., Depuy Synthes Spine Inc. (Johnson & Johnson), Globus Medical Inc., Orthofix Holdings Inc., Medtronic PLC, NuVasive Inc., SeaSpine, SpineGuard SA, Stryker Corporation, and Zimmer Holdings Inc.

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1 INTRODUCTION
1.1 Study Assumptions and Market Definitions
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Demand for Minimally Invasive Surgical Procedures
4.2.2 Increasing Incidence of Obesity, Aging Population, and Associated Spine Disorders
4.2.3 Continuous Advancements in Spine Surgery Technologies
4.3 Market Restraints
4.3.1 High Cost and Time Involved in Treatment Procedures
4.3.2 Reimbursement Issues
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value – USD million)
5.1 By Device Type
5.1.1 Spinal Decompression
5.1.1.1 Corpectomy
5.1.1.2 Discectomy
5.1.1.3 Facetectomy
5.1.1.4 Foraminotomy
5.1.1.5 Laminotomy
5.1.2 Spinal Fusion
5.1.2.1 Cervical Fusion
5.1.2.2 Interbody Fusion
5.1.2.3 Thoraco Lumbar Fusion
5.1.2.4 Other Spinal Fusions
5.1.3 Fracture Repair
5.1.4 Arthroplasty
5.1.5 Non-fusion Procedures
5.2 Geography
5.2.1 Germany
5.2.2 United Kingdom
5.2.3 France
5.2.4 Italy
5.2.5 Spain
5.2.6 Rest of Europe
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alphatec Spine Inc.
6.1.2 Depuy Synthes Spine Inc. (Johnson & Johnson)
6.1.3 Globus Medical Inc.
6.1.4 Orthofix Holdings Inc.
6.1.5 Medtronic PLC
6.1.6 NuVasive Inc.
6.1.7 SeaSpine Inc.
6.1.8 SpineGuard SA
6.1.9 Stryker Corporation
6.1.10 ZimVie Inc.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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