Market Overview:
The global spine surgery medical equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of spinal disorders, rising geriatric population, and technological advancements in spine surgery medical equipment. Based on type, the global spine surgery medical equipment market is segmented into thoracic fusion and lumbar fusion devices, spine biologics, cervical fusion devices, vertebral compression fracture treatment devices, spine bone stimulators, non-fusion devices and spinal decompression devices. Thoracic fusion and lumbar fusiondevices are further sub-segmented into implants and instruments. Based on application, the global market is segmented into hospitalsand ambulatory surgical centers (ASCs).
Product Definition:
Spine surgery medical equipment is used to help surgeons perform procedures on the spine. This equipment includes surgical tools, implants, and other devices that help surgeons stabilize and protect the spine during surgery. The importance of spine surgery medical equipment is that it helps surgeons safely perform procedures on the spine, which can improve patients' quality of life.
thoracic fusion and lumbar fusion devices:
The thoracic fusion devices are used to correct congenital deformities in the chest such as abnormalities in the shape of the thorax or breastbone. The lumbar fusion devices are used to correct spinal problems such as abnormal bone growth, disc degeneration and spondylolisthesis ( vertebral fracture).
According to a research article published by Intermountain Healthcare, Inc.
spine biologics:
Spine biologics is the new term used for the products which are extracted from living organisms and used in spine surgery. Spine biologics includes various types of biomaterials such as bone graft substitutes, bone marrow aspirates, demineralized matrix, allografts and xenografts among others. The primary function of these products is to replace or restore damaged parts of spine during spinal surgeries.
Application Insights:
Based on application, the global spine surgery medical equipment market is segmented into hospitals and ambulatory surgical centers. Hospitals held the largest share in 2017 owing to factors such as a high prevalence of diseases that require spinal surgeries, availability of highly skilled surgeons and advanced healthcare facilities, and an increase in government funding for the development of healthcare infrastructure.
Ambulatory surgical centers are expected to grow at a faster rate than hospitals over the forecast period due to an increase in patients seeking treatment for low back pain or other injuries related to sports activities or accidents at relatively lower cost compared with hospital care. Furthermore, these centers offer treatments by board-certified physicians who have subspecialty training; thus offering better treatment options than general physicians do. These factors are likely to drive growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high awareness levels, and favorable reimbursement policies & regulatory reforms in this region. The Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to increasing government initiatives for improving healthcare infrastructure and reimbursement coverage. Moreover, rising medical tourism due to affordable treatment options is also expected drive regional growth during the forecast period. Europe followed North America in terms of share and was valued at USD X million in 2017 owing to growing demand for minimally invasive surgeries coupled with rapidly improving healthcare infrastructure & reimbursement policies across this region. In addition, an increase in geriatric population increases susceptibility towards spinal disorders which further drives demand for various spine surgery procedures through secondary gainers such as improved quality of life or relief from severe pain caused by back problems etc.
Growth Factors:
- Increasing incidence of spine disorders: The global prevalence of spine disorders is increasing at a rapid pace. This is primarily attributed to the changing lifestyles and growing aging population. This is expected to drive the demand for spine surgery medical equipment in the coming years.
- Technological advancements: The technological advancements in spine surgery medical equipment are helping surgeons to perform complex surgeries with precision and accuracy. This is resulting in better patient outcomes and driving the demand for such equipment globally.
- Growing awareness about treatment options: There has been a significant increase in awareness about various treatment options available for spine disorders among patients across the globe in recent years. This is aiding the growth of the market for spine surgery medical equipment globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Spine Surgery Medical Equipment Market Research Report
By Type
thoracic fusion and lumbar fusion devices, spine biologics, cervical fusion devices, vertebral compression fracture treatment devices, spine bone stimulators, non-fusion devices, spinal decompression devices, Others
By Application
Hospitals, Ambulatory Surgical Centers
By Companies
Medtronic(Ireland), DePuy Synthes (US), Stryker Corporation (US), NuVasive(US), Zimmer Biomet Holdings(US), Globus Medical(US), Alphatec Holdings(US), Orthofix International(Netherlands), RTI Surgical(US), Medtronic(Ireland)
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Spine Surgery Medical Equipment Market Report Segments:
The global Spine Surgery Medical Equipment market is segmented on the basis of:
Types
thoracic fusion and lumbar fusion devices, spine biologics, cervical fusion devices, vertebral compression fracture treatment devices, spine bone stimulators, non-fusion devices, spinal decompression devices, Others
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, Ambulatory Surgical Centers
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(Ireland)
- DePuy Synthes (US)
- Stryker Corporation (US)
- NuVasive(US)
- Zimmer Biomet Holdings(US)
- Globus Medical(US)
- Alphatec Holdings(US)
- Orthofix International(Netherlands)
- RTI Surgical(US)
- Medtronic(Ireland)
Highlights of The Spine Surgery Medical Equipment 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:
- thoracic fusion and lumbar fusion devices
- spine biologics
- cervical fusion devices
- vertebral compression fracture treatment devices
- spine bone stimulators
- non-fusion devices
- spinal decompression devices
- Others
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- 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 Medical Equipment 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.
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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?
Spine surgery medical equipment is any device or instrument used during spine surgery. This includes devices used to help surgeons see and operate on the spine, as well as tools that help them stabilize and fix the spine after surgery.
Some of the major players in the spine surgery medical equipment market are Medtronic(Ireland), DePuy Synthes (US), Stryker Corporation (US), NuVasive(US), Zimmer Biomet Holdings(US), Globus Medical(US), Alphatec Holdings(US), Orthofix International(Netherlands), RTI Surgical(US), Medtronic(Ireland).
The spine surgery medical equipment 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 Spine Surgery Medical Equipment 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 Medical Equipment Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Spine Surgery Medical Equipment 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 Medical Equipment 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 Medical Equipment Market Size & Forecast, 2020-2028 4.5.1 Spine Surgery Medical Equipment Market Size and Y-o-Y Growth 4.5.2 Spine Surgery Medical Equipment 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 thoracic fusion and lumbar fusion devices
5.2.2 spine biologics
5.2.3 cervical fusion devices
5.2.4 vertebral compression fracture treatment devices
5.2.5 spine bone stimulators
5.2.6 non-fusion devices
5.2.7 spinal decompression devices
5.2.8 Others
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 Ambulatory Surgical Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spine Surgery Medical Equipment 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 Medical Equipment 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 thoracic fusion and lumbar fusion devices
9.6.2 spine biologics
9.6.3 cervical fusion devices
9.6.4 vertebral compression fracture treatment devices
9.6.5 spine bone stimulators
9.6.6 non-fusion devices
9.6.7 spinal decompression devices
9.6.8 Others
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 Ambulatory Surgical Centers
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 thoracic fusion and lumbar fusion devices
10.6.2 spine biologics
10.6.3 cervical fusion devices
10.6.4 vertebral compression fracture treatment devices
10.6.5 spine bone stimulators
10.6.6 non-fusion devices
10.6.7 spinal decompression devices
10.6.8 Others
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 Ambulatory Surgical Centers
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 thoracic fusion and lumbar fusion devices
11.6.2 spine biologics
11.6.3 cervical fusion devices
11.6.4 vertebral compression fracture treatment devices
11.6.5 spine bone stimulators
11.6.6 non-fusion devices
11.6.7 spinal decompression devices
11.6.8 Others
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 Ambulatory Surgical Centers
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 thoracic fusion and lumbar fusion devices
12.6.2 spine biologics
12.6.3 cervical fusion devices
12.6.4 vertebral compression fracture treatment devices
12.6.5 spine bone stimulators
12.6.6 non-fusion devices
12.6.7 spinal decompression devices
12.6.8 Others
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 Ambulatory Surgical Centers
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 thoracic fusion and lumbar fusion devices
13.6.2 spine biologics
13.6.3 cervical fusion devices
13.6.4 vertebral compression fracture treatment devices
13.6.5 spine bone stimulators
13.6.6 non-fusion devices
13.6.7 spinal decompression devices
13.6.8 Others
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 Ambulatory Surgical Centers
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 Medical Equipment Market: Competitive Dashboard
14.2 Global Spine Surgery Medical Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic(Ireland)
14.3.2 DePuy Synthes (US)
14.3.3 Stryker Corporation (US)
14.3.4 NuVasive(US)
14.3.5 Zimmer Biomet Holdings(US)
14.3.6 Globus Medical(US)
14.3.7 Alphatec Holdings(US)
14.3.8 Orthofix International(Netherlands)
14.3.9 RTI Surgical(US)
14.3.10 Medtronic(Ireland)