Spinal Surgery Devices Market Size, Growth and Trends - Report 2025

by Healthcare News on Aug 4, 2022 Finance 461 Views

Advancements in spine surgery technologies, increasing incidence of spinal disorders, the launch of advanced bone grafting products, and the increasing adoption of minimally invasive spine surgeries are the major factors driving the growth of this segment. However, the high cost of spinal surgery is expected to restrain the growth of the spinal surgery devices market during the forecast period.

According to the new market research report the global spinal surgery devices market size is projected to reach USD 13.8 billion by 2025 from USD 10.3 billion in 2019, at a CAGR of 5.0%.

The market is segmented by Technology (Fusion, Spine Biologics, VCF, Decompression, Motion Preservation), Product (Thoracic, Cervical, Interbody, Spine Biologics, Non-Fusion, Stimulators), Type (Open, MIS) Geography

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  • On the basis of technology, the spinal implants market is segmented into spinal fusion and fixation, vertebral compression fracture treatment, motion preservation/non-fusion, and spinal decompression technologies. The spinal fusion and fixation technologies segment accounted for the largest share of the spinal surgery devices market in 2019. The large share of this segment can be attributed to the rising incidence of target diseases (such as degenerative disc disease and spinal stenosis) with the growing geriatric population across the globe, a growing number of spinal fusion procedures, and technological advancements in spinal fusion techniques and bone grafting procedures.

  • Based on product, the spinal implants and surgery devices market is segmented into thoracic fusion and lumbar fusion devices, cervical fusion devices, spine biologics, non-fusion devices, vertebral compression fracture treatment devices, spinal decompression devices, and spine bone stimulators. The thoracic fusion and lumbar fusion devices segment accounted for the largest share of the spinal surgery devices market in 2019. The large share of this segment can be attributed to the increasing incidence of lumbar degenerative disc disease and the growing number of product launches.

  • Based on the type of surgery, the spinal implants market is segmented into open and minimally invasive surgeries. The open surgeries segment accounted for the largest share of the spinal surgery devices market in 2019. The large share of this segment can be attributed to the increasing preference for open spine surgeries among medical professionals, rising incidence of spinal deformities, and technological advancements in spinal fusion surgeries. In addition, some spine procedures, such as spinal implant insertions, can only be done through open surgeries, which is another major factor supporting market growth

  • The spinal implants and surgery devices market is segmented into five regional segments, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East Africa. The large share of the North American market can be attributed to its highly developed healthcare infrastructure and reimbursement systems and high patient awareness and physician education. However, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period, primarily due to the improving healthcare infrastructure, rising awareness, improving reimbursement scenario, and the growing insurance coverage in several APAC countries.

The major players operating in the spinal surgery devices market are Medtronic (Ireland), DePuy Synthes (US), Stryker Corporation (US), NuVasive, Inc. (US), B. Braun Melsungen AG (Germany), Globus Medical, Inc. (US), Zimmer Biomet Holdings, Inc. (US), Orthofix International N.V. (US), Abbott Laboratories (US), RTI Surgical, Inc. (US), Boston Scientific (US), SeaSpine Holdings Corporation (US), ulrich GmbH Co. KG (Germany), Spineart (Switzerland), Kuros Biosciences AG (Switzerland), Bioventus, LLC (US), Colfax Corporation (US), Meditech Spine, LLC (US), and Implanet (France).

The analysis of the market developments between 2016 and 2019 revealed that growth strategies such as product launches, agreements, partnerships, and acquisitions were adopted by market players to strengthen their product portfolios and maintain a competitive position in the spinal implants market. Among these business strategies, product launches was the most widely adopted growth strategy by market players.

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The study involved four major activities in estimating the current size of the spinal surgery devices market. Exhaustive secondary research was done to collect information on the market and its different subsegments. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of the segments and subsegments.

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Article source: https://article-realm.com/article/Finance/25930-Spinal-Surgery-Devices-Market-Size-Growth-and-Trends-Report-2025.html

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