Market Overview:
The global spinal implants and devices market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of spine disorders, technological advancements in spinal implants and devices, and rising demand for minimally invasive surgeries. The global spinal implants and devices market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into fusion devices and spinal biologics. Fusion devices are further sub-segmented into anterior lumbar interbody fusion (ALIF), posterior lumbar interbody fusion (PLIF), transforaminal lumbar interbody fusion (TLIF), lateral lumbar interbody fusion (LLIF), sacroiliac joint fixation screws & cages, iliac crest bone grafts & substitutes, pedicle screws & rods systems; while spinal biologics are further sub-segmented into bone morphogenetic proteins (BMPs) & demineralized bone matrixes (DBMs). On the basis of application, the market is segmented into open spine surgery and minimally invasive spine surgery.
Product Definition:
A spinal implant is a device that is inserted into the spine to replace or support a damaged or diseased vertebra. A spinal implant may be used to treat conditions such as scoliosis, disc herniation, and chronic back pain.
Fusion Devices:
Fusion devices are used in spinal fusion surgeries to support and stabilize the spine. They help in reducing lower back pain, which is a major reason for surgery failure. The increasing prevalence of degenerative disc disease and other spinal disorders has led to an increase in the number of fusion procedures globally. According to the National Spinal Cord Injury Statistical Center (NSCISC), approximately 54,000 new cases of spinal cord injuries are reported every year in U.S.
Spinal Biologics:
Spinal biologics is a class of drugs that are used to treat diseases and conditions associated with the spine. The main aim of these drugs is to reduce pain, inflammation, and other spinal complications. Biologics can be further divided into two categories such as monoclonal antibodies (MABs) and interleukin inhibitors.
Application Insights:
The global spinal implants and devices market has been segmented into open spine surgery, minimally invasive spine surgery, and others. The other application segment includes the treatment of trauma cases. Minimally invasive spine surgeries involve the use of surgical robots for complex procedures that require a smaller incision size.
Open spinal surgeries are majorly performed to treat conditions such as herniated disc injuries or to remove tumors from behind the eyes or neck area in case of neurosurgeries. According to WHO, approximately 1 out of every 3 adults suffer from back pain at some point in their life due to various causes which amounts up to around 2 billion people globally suffering from chronic back pain disorders.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of industry players, favorable reimbursement policies, and increasing healthcare expenditure are some factors contributing to the growth of this regional market. In addition, growing demand for minimally invasive surgeries is expected to drive the spinal implants market over the forecast period. According to an article published in NCBI on March 28th 2018, approximately 6 million people suffer from spine disorders in North America that result in disability each year and require surgical intervention; however only 25% have their condition resolved through surgery resulting into huge unmet needs across this region.
Asia Pacific is anticipated to be one of fastest-growing regions due its developing economy.
Growth Factors:
- Increasing incidence of spinal cord injuries and disorders
- Growing demand for minimally invasive surgeries
- Rising awareness about the benefits of spinal implants and devices
- Technological advancements in spinal implant and device manufacturing processes
- Growing number of private sector investments in research and development for spinal implants and devices
Scope Of The Report
Report Attributes
Report Details
Report Title
Spinal Implants and Devices Market Research Report
By Type
Fusion Devices, Spinal Biologics
By Application
Open Spine Surgery, Minimally Invasive Spine Surgery
By Companies
Medtronic, DePuy Synthes, Stryker, NuVasive, Zimmer Biomet, Globus Medical, Alphatec Spine, Orthofix, LDR Holding, Medtronic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Spinal Implants and Devices Market Report Segments:
The global Spinal Implants and Devices market is segmented on the basis of:
Types
Fusion Devices, Spinal Biologics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Open Spine Surgery, Minimally Invasive Spine Surgery
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Medtronic
- DePuy Synthes
- Stryker
- NuVasive
- Zimmer Biomet
- Globus Medical
- Alphatec Spine
- Orthofix
- LDR Holding
- Medtronic
Highlights of The Spinal Implants and Devices Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fusion Devices
- Spinal Biologics
- By Application:
- Open Spine Surgery
- Minimally Invasive Spine Surgery
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Spinal Implants and Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Spinal implants and devices are medical devices that are placed into the spinal cord to help restore movement or function.
Some of the major companies in the spinal implants and devices market are Medtronic, DePuy Synthes, Stryker, NuVasive, Zimmer Biomet, Globus Medical, Alphatec Spine, Orthofix, LDR Holding, Medtronic.
The spinal implants and devices market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spinal Implants and Devices Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Spinal Implants and Devices Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spinal Implants and Devices Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Spinal Implants and Devices Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Spinal Implants and Devices Market Size & Forecast, 2018-2028
4.5.1 Spinal Implants and Devices Market Size and Y-o-Y Growth
4.5.2 Spinal Implants and Devices Market Absolute $ Opportunity
Chapter 5 Global Spinal Implants and Devices Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Spinal Implants and Devices Market Size Forecast by Type
5.2.1 Fusion Devices
5.2.2 Spinal Biologics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spinal Implants and Devices Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Spinal Implants and Devices Market Size Forecast by Applications
6.2.1 Open Spine Surgery
6.2.2 Minimally Invasive Spine Surgery
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spinal Implants and Devices Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Spinal Implants and Devices Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Spinal Implants and Devices Analysis and Forecast
9.1 Introduction
9.2 North America Spinal Implants and Devices Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Spinal Implants and Devices Market Size Forecast by Type
9.6.1 Fusion Devices
9.6.2 Spinal Biologics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Spinal Implants and Devices Market Size Forecast by Applications
9.10.1 Open Spine Surgery
9.10.2 Minimally Invasive Spine Surgery
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Spinal Implants and Devices Analysis and Forecast
10.1 Introduction
10.2 Europe Spinal Implants and Devices Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Spinal Implants and Devices Market Size Forecast by Type
10.6.1 Fusion Devices
10.6.2 Spinal Biologics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Spinal Implants and Devices Market Size Forecast by Applications
10.10.1 Open Spine Surgery
10.10.2 Minimally Invasive Spine Surgery
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Spinal Implants and Devices Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spinal Implants and Devices Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Spinal Implants and Devices Market Size Forecast by Type
11.6.1 Fusion Devices
11.6.2 Spinal Biologics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Spinal Implants and Devices Market Size Forecast by Applications
11.10.1 Open Spine Surgery
11.10.2 Minimally Invasive Spine Surgery
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Spinal Implants and Devices Analysis and Forecast
12.1 Introduction
12.2 Latin America Spinal Implants and Devices Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Spinal Implants and Devices Market Size Forecast by Type
12.6.1 Fusion Devices
12.6.2 Spinal Biologics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Spinal Implants and Devices Market Size Forecast by Applications
12.10.1 Open Spine Surgery
12.10.2 Minimally Invasive Spine Surgery
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Spinal Implants and Devices Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spinal Implants and Devices Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Spinal Implants and Devices Market Size Forecast by Type
13.6.1 Fusion Devices
13.6.2 Spinal Biologics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Spinal Implants and Devices Market Size Forecast by Applications
13.10.1 Open Spine Surgery
13.10.2 Minimally Invasive Spine Surgery
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Spinal Implants and Devices Market: Competitive Dashboard
14.2 Global Spinal Implants and Devices Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 DePuy Synthes
14.3.3 Stryker
14.3.4 NuVasive
14.3.5 Zimmer Biomet
14.3.6 Globus Medical
14.3.7 Alphatec Spine
14.3.8 Orthofix
14.3.9 LDR Holding
14.3.10 Medtronic
