Spinal implants and surgical devices Market Size Report, Industry Share, Analysis, Growth, 2032

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Spinal implants and surgical devices are devices used to facilitate fusion, treat deformity, and strengthen and stabilize the spine. Degenerative disc disease, kyphosis, scoliosis, fracture, and spondylolisthesis are some disorders that are treated with the help of spinal implants and surgical devices.

According to the Global Burden of Disease, in 2010, lower back pain was among the topmost reasons for disability and a common reason for which people missed work. According to NSCISC, over 54 people per million in the U.S. suffer from spinal cord injuries per year or about 17,000 new spinal cord injuries cases in the U.S. are registered per year. This increase in the occurrence and prevalence of spinal deformities and disorders is mainly driving the growth of the global spinal implants and surgical devices market. Additionally, the rapid advancement in the technologies and products used in spinal implants and surgical devices and growing demand for these products are increasing the demand for the global market for spinal implants and surgical devices. The increase in obese population as well as geriatric population, boosting the demand for minimally invasive techniques and rise in the rate of accidents which hamper the alignment of the spinal cord are some of the other factors fueling the growth of the global spinal implants and surgical devices market.

Spinal implants and surgical devices market is segmented by product, type of surgery, and end-user. By product, the spinal implants and surgical devices market includes spinal fusion devices, spine biologics, vertebral compression fracture (VCF) treatment devices, spinal bone stimulators, non-fusion devices, and spinal decompression devices. Spinal fusion devices are further sub-segmented into thoracolumbar fixation devices, interbody fusion devices, and cervical fixation devices. Lumbar plates, pedicle screws, rods, hooks, and others comprise the thoracolumbar fixation devices segment. Interbody fusion devices sub-segment includes bone and non-bone fusion devices. Hook fixation systems, anterior cervical plates, screws, and others comprise the cervical fixation devices sub-segment. The non-fusion devices segment includes dynamic stabilization devices, artificial discs, nuclear disc prostheses, and annulus repair devices. The VCF treatment devices are further sub-segmented into vertebroplasty devices and balloon kyphoplasty devices. The spinal bones stimulators sub-segment includes invasive and non-invasive spine bone stimulators. Spine biologics segment is further sub-segmented into bone graft substitutes, bone graft, and bone marrow aspirate therapy. Spinal fusion devices segment is expected to dominate the product segment. By type of surgery, the market is bifurcated into minimally invasive spine surgery and open spine surgery. Minimally invasive spine surgery is dominating the market due to increasing awareness and demand for minimally invasive surgeries by the patients. By end-user, this market includes hospitals, orthopedic centers, and ambulatory surgical centers. The hospital segment is likely to dominate the market, due to the presence of a large patient pool in the hospitals and the use of technologically advanced products.

North America is anticipated to dominate the spinal implants and surgical devices market in the forecast period, due to the increasing demand for minimally invasive spine surgeries, rising geriatric and obese population, and rising prevalence of spinal diseases and disorders. In the forecast period, Asia Pacific is likely to register the highest CAGR, owing to the improvement in the reimbursement policies for spinal surgeries, growth in awareness, use of new technologies, and the presence of a large patient pool. Additionally, increasing cases of accidents is causing spinal deformities and growing population suffering from spinal disorders due to lifestyle changes are also increasing the demand for this market in the Asia Pacific region.

The main players of the global spinal implants and surgical devices market are Stryker Corporation, Pioneer Surgical, Globus Medical, Zimmer Biomet Holdings, Medtronic, NuVasive Inc., Alphatec Holdings, DePuy Synthes, Orthofix International N.V., and RTI Surgical Inc.