The global spinal implants market size is expected to grow at a CAGR of 5.34% to reach USD 19,244 Million by 2025 from USD 14,774 Million in 2020.
Most of the surgeries are not needed in spinal conditions/disorders; however, there are times when they cannot be avoided. When that happens, these deformities are corrected using specially designed spinal instruments that strengthen and stabilize the spine and facilitate fusion. Stainless steel or titanium-alloy are generally used to make spinal implants. Sometimes non-metallic compounds are also used.
Augmenting geriatric and obese population, technological advancements in spine surgery devices, rising incidence and prevalence of spinal disorders, and growing demand for minimally invasive spine surgery are the primary factors driving the growth of the Global Spinal Implants market.
Cumbersome and stringent processes and regulatory frameworks in developed countries for product approval, uncertainty in reimbursement, and high cost of treatment procedures are a few of the inhibitors' market growth. Further, secondary factors like lack of patient awareness about the newly developed spine treatment procedures and the scarcity of adequate physician education and government cost-containment measures contribute to restraining the market growth.
The Spine implants market is likely to expand further during the forecast period due to the factors such as increasing demand for MI spine surgeries, availability of innovative spine implants due to the escalation in the approval process, and the emergence of custom fit and 3D printed spine implants. Increased focus on novel product developments to achieve maximum efficiency and high performance, rapidly growing adoption rate of robotic-assisted surgeries are the factors that are expected to boost growth opportunities for the spine implants market during the forecast period.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 to 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 to 2025 |
|
Segments Analysed |
By Technology, Product, and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Analysed |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
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Companies Analysed |
Medtronic, plc (Ireland), DePuy Synthes (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), and RTI Surgical, Inc. (U.S.). |
This research report on the global spinal implants market has been segmented and sub-segmented based on the product, technology, and region.
Spinal Implants Market - By Technology:
Based on technology, the motion preservation/non-fusion segment is dominating the spinal implants market. It is likely to expand further at the highest CAGR during the forecast period owing to contributing factors such as the emergence of advanced non-fusion devices due to technological innovations.
Spinal Implants Market - By Product:
Based on product type, the thoracic fusion and lumbar fusion device segments contributed a significant share to the global spinal implants and is likely to grow further during the forecast period owing to the factors such as the increasing demand for minimally invasive spine procedures, technological improvements, rising occurrences of spine degenerative diseases.
Spinal Implants Market - By Region:
North America accounts for the largest market share in the global spinal implants market, while Asia Pacific has the highest CAGR.
NOTABLE COMPANIES IN THIS MARKET
Key market participants leading the global spinal implants market profiled in this report are Medtronic, plc (Ireland), DePuy Synthes (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (the U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V.(Netherlands), K2M Group Holdings, Inc. (U.S.) and RTI Surgical, Inc. (U.S.).
RECENT HAPPENINGS IN THIS MARKET:
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Technology
5.1.1 Introduction
5.1.2 Spinal Fusion and Fixation Technologies
5.1.3 Vertebral Compression Fracture Treatment
5.1.4 Motion Preservation/Non-Fusion Technologies
5.1.5 Spinal Decompression
5.1.6 Y-o-Y Growth Analysis, By Technology
5.1.7 Market Attractiveness Analysis, By Technology
5.1.8 Market Share Analysis, By Technology
5.2 Product
5.2.1 Introduction
5.2.2 Thoracic Fusion and Lumbar Fusion Devices
5.2.2.1 Posterior Thoracic Fusion and Lumbar Fusion Devices
5.2.2.2 Interbody Thoracic Fusion and Lumbar Fusion Devices
5.2.2.2.1 By Approach
5.2.2.2.1.1 Anterior Lumbar Interbody Fusion Devices
5.2.2.2.1.2 Posterior Lumbar Interbody Fusion Devices
5.2.2.2.1.3 Transforaminal Lumbar Interbody Fusion Devices
5.2.2.2.1.4 Axial Lumbar Interbody Fusion Devices
5.2.2.2.2 By Material
5.2.2.2.2.1 Non-Bone Interbody Fusion Devices
5.2.2.2.2.2 Bone Interbody Fusion Devices
5.2.2.2.3 Anterior Thoracic Fusion and Lumbar Fusion Devices
5.2.2.3 Cervical Fusion Devices
5.2.2.3.1 Anterior Cervical Fusion
5.2.2.3.1.1 Anterior Cervical Plates
5.2.2.3.1.2 Cervical Interbody Fusion Devices
5.2.2.3.1.3 Anterior Cervical Screw Systems
5.2.2.3.2 Posterior Cervical Fusion
5.2.2.3.2.1 Posterior Cervical Plates
5.2.2.3.2.2 Posterior Cervical Screws
5.2.2.3.2.3 Posterior Cervical Rods
5.2.2.4 Spine Biologics
5.2.2.4.1 Demineralized Bone Matrix
5.2.2.4.2 Bone Morphogenetic Proteins
5.2.2.4.3 Bone Substitutes
5.2.2.4.4 Machined Bones
5.2.2.4.5 Cell-Based Matrices
5.2.2.4.6 Allografts
5.2.2.5 Vcf Treatment Devices
5.2.2.5.1 Balloon Kyphoplasty Devices
5.2.2.5.2 Vertebroplasty Devices
5.2.2.6 Spinal Decompression
5.2.2.6.1 Discectomy
5.2.2.6.2 Laminoplasty, Laminectomy, and Laminotomy
5.2.2.6.3 Foraminotomy and Foraminectomy
5.2.2.6.4 Facetectomy
5.2.2.6.5 Corpectomy
5.2.2.7 Non-Fusion Devices
5.2.2.7.1 Dynamic Stabilization Devices
5.2.2.7.1.1 Interspinous Process Spacers
5.2.2.7.1.2 Pedicle-Based Dynamic Rod Devices
5.2.2.7.1.3 Facet Replacement Products
5.2.2.7.2 Artificial Discs
5.2.2.7.2.1 Artificial Cervical Discs
5.2.2.7.2.2 Artificial Lumbar Discs
5.2.2.7.3 Annulus Repair Devices
5.2.2.7.4 Nuclear Disc Prostheses
5.2.2.8 Spine Bone Stimulators
5.2.2.8.1 Non-Invasive Spine Bone Stimulators
5.2.2.8.1.1 Pulsed Electromagnetic Field Devices
5.2.2.8.1.2 Cc and Cmf Devices
5.2.2.8.2 Invasive Spine Bone Stimulators
5.2.3 Y-o-Y Growth Analysis, By Product
5.2.4 Market Attractiveness Analysis, By Product
5.2.5 Market Share Analysis, By Product
5.3 Type of Surgery
5.3.1 Introduction
5.3.2 Open Surgeries
5.3.3 Minimally Invasive Surgeries
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Technology
6.1.3.3 By Product
6.1.3.4 By Type of Surgery
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Technology
6.1.4.3 By Product
6.1.4.4 By Type of Surgery
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Technology
6.1.5.3 By Product
6.1.5.4 By Type of Surgery
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America &
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