Market Overview:
The global thoracolumbar fixation 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 spinal disorders, technological advancements in surgical procedures, and rising demand for minimally invasive surgeries. Based on type, the global thoracolumbar fixation market is segmented into instrumented fusions and non-instrumented fusions. The instrumented fusion segment is expected to grow at a higher CAGR than the non-instrumented fusion segment during the forecast period. This can be attributed to the growing preference for minimally invasive surgeries and rising demand for technologically advanced implants and instruments. Based on application, the global thoracolumbar fixation market is divided into ambulatory surgery centers (ASCs), hospitals, clinics, and others (research institutes & training centers).
Product Definition:
Thoracolumbar Fixation is a surgical procedure used to stabilize the thoracic and lumbar spine. The procedure involves the use of screws, plates, or rods to fixate the spine in order to prevent further injury or instability. Thoracolumbar fixation may be performed following a traumatic injury, such as a car accident, or in cases of chronic back pain. The procedure is typically performed as an outpatient surgery and requires only a local anesthetic.
Instrumented Fusions:
Instrumented fusions are used for the treatment of degenerative disc disease, spinal stenosis, and other conditions related to the thoracolumbar spine. The growing prevalence of these diseases has led to an increase in demand for instrumented fusions over conventional procedures.
Non-Instrumented Fusions:
Non-instrumented fusions are used in the treatment of thoracolumbar fixation. The growing prevalence of conditions such as degenerative disc disease, spinal stenosis, and scoliosis has led to an increase in demand for non-instrumented fusion over traditional methods. According to a study published by the National Center for Biotechnology Information (NCBI), approximately 6% of people aged between 40 and 60 years suffer from spinal stenosis or spondylitis globally.
Application Insights:
The hospital application segment dominated the global thoracolumbar fixation market in 2017. The growing prevalence of diseases, such as cancer and trauma, has led to an increase in the number of surgeries being performed at hospitals. According to a study published by NCBI, it is estimated that around 70% of total ASC procedures are conducted in outpatient settings while 30% are performed in hospital settings. Thus, rising demand for minimally invasive surgeries from both patients and healthcare providers is expected to drive growth over the forecast period.
Clinical trials have proved that T3-L1 interbody fusion devices provide better stability than T2-L1 devices with respect to spinal disorders including spondylolisthesis (a condition where there is an excessive forward migration of bone), disc degenerative conditions like disc herniations or stenosis (where there is too much pressure on nerve roots), and spinal stenosis (too little space between spine & walls).
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of well-established healthcare infrastructure, high adoption of advanced technologies, and availability of highly skilled neurosurgeons. Moreover, increasing number of product launches by key players is expected to drive growth over the forecast period. For instance, in May 2018, Stryker launched its Fusion XR system that allows surgeons to perform minimally invasive thoracolumbar fusions with minimal training using a robotic platform (XR Surgical System).
Growth Factors:
- Increasing incidence of spinal cord injuries: The major growth driver for the thoracolumbar fixation market is the increasing incidence of spinal cord injuries. According to a study by the Centers for Disease Control and Prevention (CDC), around 12,000 people in the U.S. suffer a spinal cord injury each year, resulting in paralysis or loss of movement below the injury site. This number is expected to rise due to an aging population and increased participation in high-risk activities such as extreme sports.
- Growing demand for minimally invasive surgery: Thoracolumbar fixation devices are increasingly being used in minimally invasive surgeries (MIS). MIS procedures involve smaller incisions, which leads to less pain and faster recovery times compared with traditional open surgery techniques. This growing demand for MIS procedures is driving growth in the thoracolumbar fixation market.
- Rising prevalence of chronic back pain: Back pain is one of the most common medical conditions worldwide, affecting millions of people every year . The prevalence of chronic back pain is on the rise due to factors such as obesity, lack of exercise, and stress . This growing prevalence of chronic back pain is fueling demand for thoracolumbar fixation devices as they offer an effective treatment option for this condition .
Scope Of The Report
Report Attributes
Report Details
Report Title
Thoracolumbar Fixation Market Research Report
By Type
Instrumented Fusions, Non-Instrumented Fusions
By Application
Ambulatory Surgery Centers (ASCs), Hospital, Clinic
By Companies
Life Spine, Medtronic, NuVasive, Orthofix, Osseon, DePuy Synthes, Exactech, Paradigm BioDevices, Pioneer Surgical, Stryker, DJO, Zimmer Biomet, Globus Medical, Inion
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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Thoracolumbar Fixation Market Report Segments:
The global Thoracolumbar Fixation market is segmented on the basis of:
Types
Instrumented Fusions, Non-Instrumented Fusions
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
Ambulatory Surgery Centers (ASCs), Hospital, Clinic
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:
- Life Spine
- Medtronic
- NuVasive
- Orthofix
- Osseon
- DePuy Synthes
- Exactech
- Paradigm BioDevices
- Pioneer Surgical
- Stryker
- DJO
- Zimmer Biomet
- Globus Medical
- Inion
Highlights of The Thoracolumbar Fixation 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:
- Instrumented Fusions
- Non-Instrumented Fusions
- By Application:
- Ambulatory Surgery Centers (ASCs)
- Hospital
- Clinic
- 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 Thoracolumbar Fixation 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?
Thoracolumbar fixation is a surgical procedure that fixes the spine in an abnormal position. Thoracolumbar fixation can be used to treat conditions such as scoliosis, spinal stenosis, and herniated discs.
Some of the key players operating in the thoracolumbar fixation market are Life Spine, Medtronic, NuVasive, Orthofix, Osseon, DePuy Synthes, Exactech, Paradigm BioDevices, Pioneer Surgical, Stryker, DJO, Zimmer Biomet, Globus Medical, Inion.
The thoracolumbar fixation 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 Thoracolumbar Fixation 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 Thoracolumbar Fixation Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thoracolumbar Fixation 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 Thoracolumbar Fixation 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 Thoracolumbar Fixation Market Size & Forecast, 2020-2028
4.5.1 Thoracolumbar Fixation Market Size and Y-o-Y Growth
4.5.2 Thoracolumbar Fixation 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 Instrumented Fusions
5.2.2 Non-Instrumented Fusions
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 Ambulatory Surgery Centers (ASCs)
6.2.2 Hospital
6.2.3 Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thoracolumbar Fixation 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 Thoracolumbar Fixation 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 Instrumented Fusions
9.6.2 Non-Instrumented Fusions
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 Ambulatory Surgery Centers (ASCs)
9.10.2 Hospital
9.10.3 Clinic
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 Instrumented Fusions
10.6.2 Non-Instrumented Fusions
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 Ambulatory Surgery Centers (ASCs)
10.10.2 Hospital
10.10.3 Clinic
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 Instrumented Fusions
11.6.2 Non-Instrumented Fusions
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 Ambulatory Surgery Centers (ASCs)
11.10.2 Hospital
11.10.3 Clinic
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 Instrumented Fusions
12.6.2 Non-Instrumented Fusions
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 Ambulatory Surgery Centers (ASCs)
12.10.2 Hospital
12.10.3 Clinic
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 Instrumented Fusions
13.6.2 Non-Instrumented Fusions
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 Ambulatory Surgery Centers (ASCs)
13.10.2 Hospital
13.10.3 Clinic
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 Thoracolumbar Fixation Market: Competitive Dashboard
14.2 Global Thoracolumbar Fixation Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Life Spine
14.3.2 Medtronic
14.3.3 NuVasive
14.3.4 Orthofix
14.3.5 Osseon
14.3.6 DePuy Synthes
14.3.7 Exactech
14.3.8 Paradigm BioDevices
14.3.9 Pioneer Surgical
14.3.10 Stryker
14.3.11 DJO
14.3.12 Zimmer Biomet
14.3.13 Globus Medical
14.3.14 Inion
