Flexible Spinal Implants Market Size, Share, Analysis, Trends, Growth, 2032

Flexible Spinal Implants Industry Prospective:

The global flexible spinal implants market size was worth around USD 4.62 billion in 2023 and is predicted to grow to around USD 9.21 billion by 2032, with a compound annual growth rate (CAGR) of roughly 9.00% between 2024 and 2032.

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Flexible Spinal Implants Market: Overview

A flexible spinal implant is a revolutionary medical implant used by doctors and healthcare providers to reduce back pain or stabilize the spinal structure of a patient. One of the major advantages of flexible spinal implants over rigid structures is that the former also assists in ensuring load distribution and facilitating more control over movement.

During the forecast period, the demand for flexible spinal implants is expected to grow driven by several factors, especially in conditions related to spinal instability. Generally, flexible spinal implants are made using elastic materials in contrast to study elements such as steel or titanium. The rising number of patients seeking spinal surgeries worldwide will drive market demand rates along with increasing access to healthcare worldwide.

Furthermore, the surge in the investment rate directed toward the development of more advanced flexible spinal implants will be critical to delivering new growth avenues in the coming years. A major point of concern for the market players will be in the form of high initial expenses related to research & development along with a lack of skilled professionals to undertake surgical interventions with respect to the use of flexible spinal implants.

Key Insights:

• As per the analysis shared by our research analyst, the global flexible spinal implants market is estimated to grow annually at a CAGR of around 9.00% over the forecast period (2024-2032)
• In terms of revenue, the global flexible spinal implants market size was valued at around USD 4.62 billion in 2023 and is projected to reach USD 9.21 billion by 2032.
• The flexible spinal implants market is projected to grow at a significant rate due to the growing number of patients with degenerative disc disease.
• Based on the type, the rods segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• Based on the application, the lumbar segment is anticipated to command the largest market share.
• Based on region, North America is projected to dominate the global market during the forecast period.

Flexible Spinal Implants Market: Growth Drivers

Growing number of patients with degenerative disc disease to drive market demand rate

The global flexible spinal implants market is expected to grow due to the rising number of patients with degenerative disc disease (DDD). The condition deals with a gradual decline in spinal cord performance caused by multiple factors such as trauma, wear & tear, and aging. It is a natural process known to impact flexibility, height, and shock-absorbing quality of the spinal disc.

Some of the most common risk factors associated with DDD include smoking, repeated injury, sedentary lifestyle, poor posture, aging, and obesity. The growing number of geriatric populations worldwide is expected to create more demand for flexible spinal implants in the coming years.

According to the World Health Organization, the current world population over the age of 60 years is 1 billion and is expected to cross over 2 billion by 2050. Furthermore, the rising number of desk jobs worldwide has been influential in generating a sedentary workforce with limited physical activity. This is further encouraged by the growing remote working culture worldwide. The obesity index, globally, is currently at its peak and causes several medical emergencies among people of all age groups.

As per official statistics posted by the Centers for Disease Control and Prevention (CDC), around 40.3% of the adult population in the US between 2021 and 2023 were obese. Obesity is known to affect life expectancy and also lead to spinal cord-related disorders. These factors are expected to lead to an increase in the number of people requiring spinal implants in the coming years.

Increasing the rate of traffic accidents to deliver higher revenue during the forecast period

Recent studies indicate an increase in the number of traffic accidents worldwide. The rise in accident-related events is caused by multiple factors. For instance, the number of vehicle owners worldwide has increased in the last decade. The sale of two-wheeler vehicles across the globe has increased sharply driven by a surge in the number of bike enthusiasts as well as the convenience offered by the vehicle, especially in densely populated regions.

In addition to this, natural as well as man-made accidents are also contributing to the amplified rate of patients requiring surgical interventions including solutions offered in the global flexible spinal implants market.

According to extensive research, India recorded more than 449,000 accidents in 2022. Similarly, other countries have been recording a high number of traffic, natural, and other forms of man-made incidents.

Flexible Spinal Implants Market: Restraints

High cost of the device and overall healthcare to limit the market expansion rate

The global industry for flexible spinal implants is expected to be restricted due to the high cost of the medical equipment. Flexible spinal implants are advanced healthcare devices making use of some of the rare materials for production.

In addition to this, designing and developing functional flexible spinal implants requires years of extensive research & development which leads to a further increase in the overall cost. Expenses associated with postoperative care are considerably high putting financial strain on the patients and their families.

Flexible Spinal Implants Market: Opportunities

Recent launch news of new products in the market to generate growth opportunities

The global flexible spinal implants market is expected to generate growth opportunities due to the increasing launch of novel products offering higher reliance, flexibility, and durability.

In October 2024, Vy Spine, a leading provider of spinal solutions using novel designs and materials, announced that it had received US Food & Drugs Administration (FDA) approval for LumiVy OsteoVy PEKK Lumbar IBF. The device has shown applications in intervertebral body fusion and can be used at level 1 or level 2 two contiguous levels in the lumbar spine for DDD.  LumiVy OsteoVy PEKK Lumbar IBF leverages the osseointegration traits of e 3D printed OXPEKK material and novel OsteoVy lattice structure.

In January 2024, Accelus, another private company providing advanced medical technology solutions, launched the LineSider® Modular-Cortical System. The system is designed to provide greater versatility, visibility, and efficiency. More investments are also being directed toward developing new materials for producing flexible implants.

For instance, the use of 3D printing methods to design highly flexible spinal implants will act as a crucial innovation driver for the industry. Other innovations such as advanced biomaterials as well as developments of automated solutions and robots to carry out surgical procedures will further help the industry thrive.

Flexible Spinal Implants Market: Challenges

Regulatory complexities and lack of infrastructure to challenge market expansion rate

The global flexible spinal implants industry is expected to be challenged by the presence of an intense regulatory environment surrounding the development and approvals of advanced medical devices and implants. In addition to this, the lack of a supportive infrastructure including limited availability of skilled professionals to carry out sophisticated surgeries will also impact the final revenue in the industry.

Flexible Spinal Implants Market: Report Scope

Flexible Spinal Implants Market: Segmentation

The global flexible spinal implants market is segmented based on type, application, and region.

Based on the type, the global market segments are hooks, rods, plates, pedicle screws, cages, and others. In 2023, the highest demand was listed in the rods segment. They are used for providing support to the spinal structure promoting an improved degree of deformity. The increasing number of patients with spinal-affecting medical conditions including accidents, injuries, and natural wear & tear will fuel the segmental growth rate in the future. Age-related spine deterioration generally begins around the age of 30 to 40 years.

Based on the application, the global market segments are lumbar, thoracic, artificial discs, cervical, and others. In 2023, the highest market growth was listed in the lumbar segment dominated by a growing rate of lumbar disorders worldwide. These conditions impact the lower back which consists of L1-L5 vertebrae. Lumbar spinal disorders are associated with stiffness and can lead to severe pain in cases left untreated. Some of the most common lumbar spinal disorders include DDD, slipped disc, spondylolisthesis, and sciatica.

Flexible Spinal Implants Market: Regional Analysis

North America is projected to witness the highest demand during the forecast period

The global flexible spinal implants market is projected to witness the highest growth in North America during the forecast period. The US will emerge as the highest revenue generator across the regional market mainly driven by the growing advancements in the country’s healthcare sector. The US is home to one of the world’s most sophisticated healthcare systems with the availability of skilled professionals and continuous investments in upgrading the existing ecosystem surrounding medical devices.

Furthermore, the US has been at the forefront of using cutting-edge automated and robotic solutions for conducting sensitive surgeries such as the ones related to spinal systems.

For instance, in August 2024, Johnson & Johnson MedTech announced the launch of a proprietary dual-use standalone and robotics navigation platform through DePuy Synthes. The new tool is developed in association with eCential Robotics.

Moreover, the growing number of patients in North America requiring spinal surgeries due to DDD, transportation accidents, and obesity will also emerge as significant growth propellers in the region. The US reports more than 6.01 million passenger car accidents every year according to official statistics.

Flexible Spinal Implants Market: Competitive Analysis

The global flexible spinal implants market is led by players like:

• Globus Medical
• Medtronic
• RTI Surgical Holdings
• DePuy Synthes (Johnson & Johnson)
• Boston Scientific Corporation
• Stryker Corporation
• Integra LifeSciences
• Orthofix US LLC
• Exactech Inc.
• Zimmer Biomet
• SeaSpine
• Abbott
• NuVasive Inc.
• B. Braun SE
• Alphatec Spine Inc.

The global flexible spinal implants market is segmented as follows:

By Type

• Hooks
• Rods
• Plates
• Pedicle Screws
• Cages
• Others

By Application

• Lumbar
• Thoracic
• Artificial Discs
• Cervical
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa