Market Overview:
The global spinal devices market is expected to reach USD 10.5 billion by 2030, according to a new study by Grand View Research, Inc. The increasing incidence of spine disorders and the subsequent rise in demand for treatment options is expected to drive the market growth over the forecast period. The global spinal fusion devices market was valued at USD 5.8 billion in 2018 and is projected to grow at a CAGR of 6% from 2019 to 2030. The non-fusion products segment is anticipated to witness highest growth during the forecast period owing to technological advancements and rising preference for minimally invasive surgeries (MIS). However, the proportion of spinal fusion in 2018 is about 63%. Open surgery accounted for majority share of revenue in 2018 and it will continue its dominance during the forecast period as well on account of its high adoption rates across various regions worldwide.
Product Definition:
A spinal device is a medical device that is inserted into the spine to correct or stabilize a deformity, or to relieve pressure on the spinal cord. Spinal devices are used to treat conditions such as scoliosis, kyphosis, and lordosis.
Spinal Fusion:
Spinal fusion is a surgical procedure to correct congenital spinal abnormalities. It involves fusing or stabilizing the vertebrae that are abnormally formed causing back pain and other spinal disorders. The most common deformity seen in children is “scoliosis”, which can be treated by surgery called as “spinal fusion”.
Non-fusion Products:
Non-fusion products are used in spinal devices to provide stability and support to the damaged discs. These products do not fuse or join the vertebrae together, but rather they fill the gap between them. The most common non-fusion product is a bone graft that is placed between two vertebrae.
Global Non-Fusion Products Market by Type (Bones, Chips & Beads), by Application (Spinal Fusion Devices, Lower Back Pain).
Application Insights:
In 2017, minimally invasive surgery held the largest share in the global spinal devices market. Minimally invasive surgeries are performed through small incisions and minimal damage to the spinal cord. The growing preference for minimally invasive surgeries is one of the major factors driving segment growth.
The others segment includes interbody implants and instrumentation, which together accounted for a significant share in 2017 due to high product demand from various applications including vertebroplasty and kyphoplasty among others.
Regional Analysis:
North America dominated the global spinal devices market in 2018. This can be attributed to the presence of a large number of industry players, high awareness levels coupled with relatively higher healthcare expenditure and incidence rate of back pain. The Asia Pacific is expected to grow at a lucrative CAGR over the forecast period owing to increasing government initiatives for quality medical treatment, improving healthcare infrastructure and rising patient disposable income levels. In addition, growing target population base due to rapid urbanization will drive growth further.
The Asia Pacific region comprises emerging economies such as India.
Growth Factors:
- Increasing incidence of spinal cord injuries: The increasing incidence of spinal cord injuries is one of the key growth drivers for the global spinal devices market. According to a study by the World Health Organization (WHO), an estimated 1.3 million people worldwide suffer from a spinal cord injury, with approximately 200,000 new cases occurring each year. This number is expected to rise in the coming years due to factors such as increasing life expectancy and rising rates of road traffic accidents.
- Growing demand for minimally invasive surgeries: The growing demand for minimally invasive surgeries is another major driver for the global spinal devices market. Minimally invasive surgeries are less traumatic and result in shorter hospital stays and faster recoveries than traditional open surgery procedures. As a result, they are becoming increasingly popular among patients and surgeons alike.
- Rising prevalence of chronic diseases: The rising prevalence of chronic diseases such as obesity, arthritis, and diabetes is also contributing to the growth of the global spinal devices market. These conditions can lead to degenerative changes in the spine that require treatment with surgical or non-surgical interventions such as fusion implants or decompression laminectomy respectively).
Scope Of The Report
Report Attributes
Report Details
Report Title
Spinal Devices Market Research Report
By Type
Spinal Fusion, Non-fusion Products, The proportion of spinal fusion in 2018 is about 63%.
By Application
Open Surgery, Minimally Invasive Surgery, The proportion used in open surgery in 2018 is about 89.8%.
By Companies
Medtronic, J & J, NuVasive, Stryker, Globus Medical, Zimmer Biomet, Orthofix International, Spinal Elements, B. Braun, Alphatec, RTI Surgical, SeaSpine, Spineart, Xtant Medical, Wright Medical
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
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Spinal Devices Market Report Segments:
The global Spinal Devices market is segmented on the basis of:
Types
Spinal Fusion, Non-fusion Products, The proportion of spinal fusion in 2018 is about 63%.
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 Surgery, Minimally Invasive Surgery, The proportion used in open surgery in 2018 is about 89.8%.
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
- J & J
- NuVasive
- Stryker
- Globus Medical
- Zimmer Biomet
- Orthofix International
- Spinal Elements
- B. Braun
- Alphatec
- RTI Surgical
- SeaSpine
- Spineart
- Xtant Medical
- Wright Medical
Highlights of The Spinal 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:
- Spinal Fusion
- Non-fusion Products
- The proportion of spinal fusion in 2018 is about 63%.
- By Application:
- Open Surgery
- Minimally Invasive Surgery
- The proportion used in open surgery in 2018 is about 89.8%.
- 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 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
- 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?
Spinal devices are medical devices that help people with spinal cord injuries or other conditions. They can help people move around and live more independently.
Some of the major companies in the spinal devices market are Medtronic, J & J, NuVasive, Stryker, Globus Medical, Zimmer Biomet, Orthofix International, Spinal Elements, B. Braun, Alphatec, RTI Surgical, SeaSpine, Spineart, Xtant Medical, Wright Medical.
The spinal devices market is expected to grow at a compound annual growth rate of 6%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spinal Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Spinal Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spinal Devices Market - Supply Chain
4.5. Global Spinal Devices Market Forecast
4.5.1. Spinal Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spinal Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spinal Devices Market Absolute $ Opportunity
5. Global Spinal Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Spinal Devices Market Size and Volume Forecast by Type
5.3.1. Spinal Fusion
5.3.2. Non-fusion Products
5.3.3. The proportion of spinal fusion in 2018 is about 63%.
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spinal Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Spinal Devices Market Size and Volume Forecast by Application
6.3.1. Open Surgery
6.3.2. Minimally Invasive Surgery
6.3.3. The proportion used in open surgery in 2018 is about 89.8%.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spinal Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Spinal Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Spinal Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Spinal Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Spinal Devices Demand Share Forecast, 2019-2026
9. North America Spinal Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Spinal Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Spinal Devices Market Size and Volume Forecast by Application
9.4.1. Open Surgery
9.4.2. Minimally Invasive Surgery
9.4.3. The proportion used in open surgery in 2018 is about 89.8%.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spinal Devices Market Size and Volume Forecast by Type
9.7.1. Spinal Fusion
9.7.2. Non-fusion Products
9.7.3. The proportion of spinal fusion in 2018 is about 63%.
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Spinal Devices Demand Share Forecast, 2019-2026
10. Latin America Spinal Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Spinal Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Spinal Devices Market Size and Volume Forecast by Application
10.4.1. Open Surgery
10.4.2. Minimally Invasive Surgery
10.4.3. The proportion used in open surgery in 2018 is about 89.8%.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spinal Devices Market Size and Volume Forecast by Type
10.7.1. Spinal Fusion
10.7.2. Non-fusion Products
10.7.3. The proportion of spinal fusion in 2018 is about 63%.
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Spinal Devices Demand Share Forecast, 2019-2026
11. Europe Spinal Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Spinal Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Spinal Devices Market Size and Volume Forecast by Application
11.4.1. Open Surgery
11.4.2. Minimally Invasive Surgery
11.4.3. The proportion used in open surgery in 2018 is about 89.8%.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spinal Devices Market Size and Volume Forecast by Type
11.7.1. Spinal Fusion
11.7.2. Non-fusion Products
11.7.3. The proportion of spinal fusion in 2018 is about 63%.
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Spinal Devices Demand Share, 2019-2026
12. Asia Pacific Spinal Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Spinal Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Spinal Devices Market Size and Volume Forecast by Application
12.4.1. Open Surgery
12.4.2. Minimally Invasive Surgery
12.4.3. The proportion used in open surgery in 2018 is about 89.8%.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spinal Devices Market Size and Volume Forecast by Type
12.7.1. Spinal Fusion
12.7.2. Non-fusion Products
12.7.3. The proportion of spinal fusion in 2018 is about 63%.
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Spinal Devices Demand Share, 2019-2026
13. Middle East & Africa Spinal Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Spinal Devices Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Spinal Devices Market Size and Volume Forecast by Application
13.4.1. Open Surgery
13.4.2. Minimally Invasive Surgery
13.4.3. The proportion used in open surgery in 2018 is about 89.8%.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spinal Devices Market Size and Volume Forecast by Type
13.7.1. Spinal Fusion
13.7.2. Non-fusion Products
13.7.3. The proportion of spinal fusion in 2018 is about 63%.
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Spinal Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Spinal Devices Market: Market Share Analysis
14.2. Spinal Devices Distributors and Customers
14.3. Spinal Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. J & J
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. NuVasive
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Stryker
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Globus Medical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zimmer Biomet
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Orthofix International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Spinal Elements
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. B. Braun
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Alphatec
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. RTI Surgical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. SeaSpine
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Spineart
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Xtant Medical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Wright Medical
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
