Market Overview:
The global spine surgical 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 spinal disorders, technological advancements in spine surgery devices, and rising demand for minimally invasive surgeries. The global spine surgical devices market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into spinal fusion products and non-fusion products. The spinal fusion products segment accounted for a larger share of the global spine surgical devices market in 2017 owing to its higher adoption for treating various types of spinal disorders. On the basis of application, the market is divided into open surgery and minimally invasive surgery (MIS). MIS surgeries are gaining popularity due to their lower invasiveness as compared to open surgeries and shorter hospital stays associated with them.
Product Definition:
A spinal implant is a medical device used to replace or fuse vertebrae in the spine. There are many different types of implants, each designed for a specific purpose.
Spinal Fusion Products:
Spinal fusion products are used in spine surgical devices. It is a group of interventional procedures that done to repair or correct a damaged bone and re- alignment of the spine. The procedure helps in reducing pain, stabilizing fractures, and increasing mobility as well as relieves back & joint related problems.
Non-fusion Products:
Non-fusion products are used in spine surgical devices. It is a group of medical devices that includes lumbar interbody fusion, disc replacement, and vertebral compression fracture treatment devices. The market for non-fusion products is expected to grow at a significant rate owing to the increasing number of spinal disorders such as degenerative disc disease and growing geriatric population base which has increased susceptibility towards developing these diseases.
Application Insights:
The minimally invasive surgery segment held the largest share of the spine surgical devices market in 2017. Minimally invasive surgeries are performed through small incisions and minimal damage to the spinal cord or nerve roots. Growing preference for minimally invasive surgeries is expected to drive growth over the forecast period.
Spinal fusion is one of the most common procedures performed through open surgery as it offers better access to more parts of spine than other types of surgeries do. Fusion based on anatomy allows surgeons to see if there are any spinal problems below the surface before undertaking any procedure that may cause further damage or leave permanent effects on nervous system tissues above it.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of spine care centers and hospitals, high patient awareness levels coupled with relatively higher healthcare expenditure levels in this region as compared to other regions. Europe is expected to be the second-largest regional market over the forecast period owing to an increase in spinal surgeries due to increasing aging population and rising incidences of back pain. Asia Pacific is anticipated to witness lucrative growth during the forecast period owing its huge base of geriatric population which increases susceptibility towards various health issues including lower back pain, thus driving demand for spine surgery procedures.
Major players operating in this space include DePuy Synthes; Stryker Corporation; Zimmer Biomet Holdings Inc.; Wright Medical Group; Johnson & Johnson Services Inc.; Becton Dickerson And Company; Orthofix Holdings, Inc.
Growth Factors:
- Increasing incidence of spine disorders: The global spine surgical devices market is expected to grow at a CAGR of 5.5% during the forecast period due to the increasing incidence of spine disorders such as spinal cord compression, herniated discs, and spinal stenosis.
- Growing demand for minimally invasive surgeries: Minimally invasive surgeries are gaining popularity due to their shorter hospital stay time and lesser post-operative complications as compared to traditional open surgeries. This is expected to drive the growth of the global spine surgical devices market during the forecast period.
- Rising geriatric population: The geriatric population is more prone to develop spine disorders owing to their weak bones and muscles. This is anticipated to fuel the demand for advanced spine surgical devices in coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Spine Surgical Devices Market Research Report
By Type
Spinal Fusion Products, Non-fusion Products
By Application
Open Surgery, Minimally Invasive Surgery
By Companies
Medtronic, Depuy Synthes (Johnson & Johnson), Nuvasive, Inc., Stryker, Zimmer Biomet, Globus Medical, Alphatec Spine, K2M Group, B. Braun, Orthofix International, RTI Surgical, Inc., 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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Spine Surgical Devices Market Report Segments:
The global Spine Surgical Devices market is segmented on the basis of:
Types
Spinal Fusion Products, Non-fusion Products
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 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 (Johnson & Johnson)
- Nuvasive, Inc.
- Stryker
- Zimmer Biomet
- Globus Medical
- Alphatec Spine
- K2M Group
- B. Braun
- Orthofix International
- RTI Surgical, Inc.
- Xtant Medical
- Wright Medical
Highlights of The Spine Surgical 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 Products
- Non-fusion Products
- By Application:
- Open Surgery
- Minimally Invasive 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 Spine Surgical 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
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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 surgical devices are medical devices that are used to treat spinal cord injuries. These devices can help restore function and mobility to the spine.
Some of the major players in the spine surgical devices market are Medtronic, Depuy Synthes (Johnson & Johnson), Nuvasive, Inc., Stryker, Zimmer Biomet, Globus Medical, Alphatec Spine, K2M Group, B. Braun, Orthofix International, RTI Surgical, Inc., Xtant Medical, Wright Medical.
The spine surgical devices market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spine Surgical 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. Spine Surgical Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spine Surgical Devices Market - Supply Chain
4.5. Global Spine Surgical Devices Market Forecast
4.5.1. Spine Surgical Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spine Surgical Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spine Surgical Devices Market Absolute $ Opportunity
5. Global Spine Surgical 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. Spine Surgical Devices Market Size and Volume Forecast by Type
5.3.1. Spinal Fusion Products
5.3.2. Non-fusion Products
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spine Surgical 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. Spine Surgical Devices Market Size and Volume Forecast by Application
6.3.1. Open Surgery
6.3.2. Minimally Invasive Surgery
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spine Surgical 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. Spine Surgical 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 Spine Surgical 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. Spine Surgical 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 Spine Surgical Devices Demand Share Forecast, 2019-2026
9. North America Spine Surgical 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 Spine Surgical 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 Spine Surgical Devices Market Size and Volume Forecast by Application
9.4.1. Open Surgery
9.4.2. Minimally Invasive Surgery
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spine Surgical Devices Market Size and Volume Forecast by Type
9.7.1. Spinal Fusion Products
9.7.2. Non-fusion Products
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 Spine Surgical Devices Demand Share Forecast, 2019-2026
10. Latin America Spine Surgical 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 Spine Surgical 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 Spine Surgical Devices Market Size and Volume Forecast by Application
10.4.1. Open Surgery
10.4.2. Minimally Invasive Surgery
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spine Surgical Devices Market Size and Volume Forecast by Type
10.7.1. Spinal Fusion Products
10.7.2. Non-fusion Products
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 Spine Surgical Devices Demand Share Forecast, 2019-2026
11. Europe Spine Surgical 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 Spine Surgical 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 Spine Surgical Devices Market Size and Volume Forecast by Application
11.4.1. Open Surgery
11.4.2. Minimally Invasive Surgery
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spine Surgical Devices Market Size and Volume Forecast by Type
11.7.1. Spinal Fusion Products
11.7.2. Non-fusion Products
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 Spine Surgical Devices Demand Share, 2019-2026
12. Asia Pacific Spine Surgical 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 Spine Surgical 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 Spine Surgical Devices Market Size and Volume Forecast by Application
12.4.1. Open Surgery
12.4.2. Minimally Invasive Surgery
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spine Surgical Devices Market Size and Volume Forecast by Type
12.7.1. Spinal Fusion Products
12.7.2. Non-fusion Products
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 Spine Surgical Devices Demand Share, 2019-2026
13. Middle East & Africa Spine Surgical 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 Spine Surgical 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 Spine Surgical Devices Market Size and Volume Forecast by Application
13.4.1. Open Surgery
13.4.2. Minimally Invasive Surgery
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spine Surgical Devices Market Size and Volume Forecast by Type
13.7.1. Spinal Fusion Products
13.7.2. Non-fusion Products
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 Spine Surgical Devices Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Spine Surgical Devices Market: Market Share Analysis
14.2. Spine Surgical Devices Distributors and Customers
14.3. Spine Surgical 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. Depuy Synthes (Johnson & Johnson)
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, Inc.
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. Zimmer Biomet
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Globus Medical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Alphatec Spine
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. K2M Group
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. Orthofix International
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, Inc.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Xtant Medical
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Wright Medical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
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
