Europe Spinal Fusion Devices Market Forecast to 2030 – Regional Analysis – By Product Type (Thoracolumbar Devices, Cervical Fixation Devices, and Interbody Fusion Devices), Surgery Type (Open Spine Surgery and Minimally Invasive Spine Surgery), Disease Indications (Degenerative Disc, Trauma and Fractures, Complex Deformity, and Others), and End User (Hospitals, Specialty Clinics, and Others)
The Europe spinal fusion devices market was valued at US$ 1,864.52 million in 2022 and is expected to reach US$ 2,871.51 million by 2030; it is estimated to grow at a CAGR of 5.5% from 2022 to 20 30.
Surging Number of Spinal Fusion Procedures Fuels the Europe Spinal Fusion Devices MarketIn recent years, there has been a rise in spinal fusion procedures worldwide due to growing innovations in surgical approaches. Technological developments have offered a wide variety of interbody devices. The newly introduced spinal fusion devices are now used as alternatives in bone grafting materials, increasing the number of spine fusion procedures. The advancements in spinal fusion techniques have allowed the use of pedicle screws for posterior instrumentation, which has leveraged market growth. Similarly, the introduction of spinal fusion methods, with interbody fusion with stand-alone cages and with anterior, lateral, or posterior approaches, designed for different surgical indications and surgeon preferences, and patient conditions have significantly increased the number of spinal fusion procedures.
Over time, the indications for spinal fusion have broadened, leading to increasing spinal fusion procedures. According to a study published in Clinical Orthopaedics and Related Research (CORR) by the Association of Bone and Joint Surgeons published in Wolters Kluwer in February 2023, stated that in Germany the demand for posterior spinal fusion procedures will grow by 80% by 2060. The study also stated that the demand would be seen in patients aged 75 years and above. The projections stated that by 2060, 38,974 posterior spinal fusion procedures would be performed in patients 75 years and above, compared to 14,657 in 2019. The increase in the procedures will be seen due to age-related loss of muscle mass. Thus, considering the projection for spinal fusion procedures, the market is likely to accelerate significantly during the forecast period and will have substantial market growth beyond the forecast period.
Europe Spinal Fusion Devices Market OverviewThe Europe spinal fusion devices market in Germany is likely to grow due to ongoing developments in the medical device industry in the country. The country has the presence of various medical device companies, majorly focusing on developing innovative devices for spine surgery. In June 2022, NGMedical GmbH launched its new ART Fixation System. The ART Fixation System was developed to help surgeons perform dorsal spinal stabilizations simply, quickly, and effectively. Further, there is an increase in the geriatric population suffering from degenerative discs and spinal degeneration due to wear and tear of the spinal cord. According to the World Bank collection of development indicators, in 2022, 22.41% of the population in Germany is aged above 65 years. In addition, the increasing incidence of spinal cord injuries in Germany is fueling the market growth. According to an article published by MDPI, the prevalence rate of traumatic spinal cord injury is ~500 per million inhabitants, and the incidence rate amounts to 13 per million.
Europe Spinal Fusion Devices Market Revenue and Forecast to 2030 (US$ Million)Europe Spinal Fusion Devices Market SegmentationThe Europe spinal fusion devices market is segmented based on product type, surgery type, disease indications, end user, and country.
Based on product type, the Europe spinal fusion devices market is segmented into thoracolumbar devices, cervical fixation devices, and interbody fusion devices. The thoracolumbar devices segment held the largest share in 2022.
By surgery type, the Europe spinal fusion devices market is bifurcated into open spine surgery and minimally invasive spine surgery. The open spine surgery segment held a larger share in 2022.
By disease indications, the Europe spinal fusion devices market is segmented into degenerative disc, trauma and fractures, complex deformity, and others. The degenerative disc segment held the largest share in 2022.
In terms of end users, the Europe spinal fusion devices market is categorized into hospitals, specialty clinics, and others. The hospitals segment held the largest share in 2022.
Based on country, the Europe spinal fusion devices market is segmented into the UK, Germany, France, Spain, Italy, and the Rest of Europe. Germany dominated the Europe spinal fusion devices market in 2022.
B. Braun SE, Centinel Spine LLC, DePuy Synthes Inc, Globus Medical Inc, Medtronic Plc, NuVasive Inc, Orthofix Medical Inc, Stryker Corp, and ZimVie Inc are some of the leading companies operating in the Europe spinal fusion devices market.
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