Market Overview:
The global spine surgery market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to factors such as rising incidence of spinal disorders, technological advancements in spine surgery procedures, and increasing demand for minimally invasive spine surgeries. Based on type, the global spine surgery market is segmented into open spine surgery and minimally invasive spine surgery. Open spine surgeries are more common than minimally invasive surgeries and are performed through large incisions. Minimally invasive surgeries are performed through small incisions and involve the use of specialized instruments and cameras inserted through these incisions. Based on application, the global market is segmented into hospitals, clinics, and others (including research institutes). Hospitals account for a major share of the global market owing to rising demand for surgical treatments among patients suffering from spinal disorders.
Product Definition:
Spine surgery is a surgical procedure that is performed to treat problems with the spine. These problems can include, but are not limited to, spinal cord compression, herniated discs, and spinal stenosis. Spine surgery is important because it can help to relieve pain and improve mobility in the spine.
Open Spine Surgery:
Open spine surgery is a type of spinal surgery that leaves the vertebrae (backbone) open for better access to the spinal cord. The most common types of open spine surgeries are laminectomy, discectomy and lumbar disc arthroplasty. Laminectomy involves removal of part or all of a bone from one or more levels in the spine while Discectomy involves removing part or all of a bone from within the spinal canal.
Minimally Invasive Spine Surgery:
Minimally invasive spine surgery is a less invasive procedure than open surgery and involves smaller incisions. The minimally invasive approach offers several advantages such as lower risk of infection, quicker recovery time, and reduced pain & complications.
Application Insights:
Based on application, the global market is segmented into hospitals, clinics and other medical facilities. Hospitals held the largest share in 2017 owing to factors such as a large patient base and presence of highly skilled staff. In addition, hospitals have developed departments for spine surgery that offer advanced care by maintaining high standards of cleanliness and hygiene.
The clinics segment is expected to witness lucrative growth over the forecast period due to increasing awareness about minimally invasive procedures among patients seeking treatment at private spinesurgery centers or outpatient facilities. Minimally invasive surgeries require less time for recovery than conventional open spine surgeries do; this factor is likely to increase clinic adoption since most patients prefer going abroad for treatment if it means they will get back home sooner rather than later with minimal pain and scarring.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the increasing prevalence of osteoporosis, which leads to a reduction in bone mineral density (BMD), and other spinal disorders that require surgical intervention. According to data published by National Osteoporosis Foundation, women are more prone than men towards developing BMD-related osteoporosis after reaching menopausal age. As per NANEF data, around 2 million postmenopausal women have low bone mass (osteopenia) and 1 million premenopausal women have low bone mass (osteopia). Thus, an increase in the number of patients suffering from spinal surgeries is expected to boost growth during the forecast period.
Growth Factors:
- Increasing incidence of spine disorders: The global spine surgery market is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing incidence of spine disorders such as spinal cord compression, herniated disc, and spinal stenosis.
- Growing geriatric population: The geriatric population is more susceptible to spine disorders due to their weak bones and muscles. This is expected to drive the demand for spine surgery procedures in the coming years.
- Technological advancements: Advancements in technology have led to the development of new surgical procedures and devices that are less invasive and cause minimal damage to tissues and nerves surrounding the spinal cord. This is likely to boost demand for spine surgery procedures in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Spine Surgery Market Research Report
By Type
Open Spine Surgery, Minimally Invasive Spine Surgery
By Application
Hospitals, Clinics, Others
By Companies
Medtronic, DePuy Synthes, Stryker, Zimmer Biomet, Globus Medical, NuVasive, Orthofix International, Alphatec Holdings, K2M, B. Braun
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
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Spine Surgery Market Report Segments:
The global Spine Surgery market is segmented on the basis of:
Types
Open Spine Surgery, Minimally Invasive Spine Surgery
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
Hospitals, Clinics, Others
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
- Zimmer Biomet
- Globus Medical
- NuVasive
- Orthofix International
- Alphatec Holdings
- K2M
- B. Braun
Highlights of The Spine Surgery 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:
- Open Spine Surgery
- Minimally Invasive Spine Surgery
- By Application:
- Hospitals
- Clinics
- Others
- 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 Spine Surgery 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Spine surgery is a type of medical procedure that is used to treat back pain. It involves removing or repairing damage to the spine.
Some of the major companies in the spine surgery market are Medtronic, DePuy Synthes, Stryker, Zimmer Biomet, Globus Medical, NuVasive, Orthofix International, Alphatec Holdings, K2M, B. Braun.
The spine surgery market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spine Surgery 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 Spine Surgery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spine Surgery 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 Spine Surgery 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 Spine Surgery Market Size & Forecast, 2020-2028
4.5.1 Spine Surgery Market Size and Y-o-Y Growth
4.5.2 Spine Surgery Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Open Spine Surgery
5.2.2 Minimally Invasive Spine Surgery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spine Surgery 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 Spine Surgery 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Open Spine Surgery
9.6.2 Minimally Invasive Spine Surgery
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 Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Open Spine Surgery
10.6.2 Minimally Invasive Spine Surgery
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 Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Open Spine Surgery
11.6.2 Minimally Invasive Spine Surgery
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 Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Open Spine Surgery
12.6.2 Minimally Invasive Spine Surgery
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 Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Open Spine Surgery
13.6.2 Minimally Invasive Spine Surgery
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) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Others
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 Spine Surgery Market: Competitive Dashboard
14.2 Global Spine Surgery 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 Zimmer Biomet
14.3.5 Globus Medical
14.3.6 NuVasive
14.3.7 Orthofix International
14.3.8 Alphatec Holdings
14.3.9 K2M
14.3.10 B. Braun
