Market Size of Europe Spinal Surgery Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.30 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Spinal Surgery Devices Market Analysis
The European spinal surgery devices market is expected to register a CAGR of 6.3% over the forecast period.
COVID-19 affected Europe and has had a major impact on the healthcare system. The COVID-19 outbreak has resulted in many changes in European healthcare practice, especially in spine surgery. Due to the strict lockdown and policies, medical healthcare providers and material resources were relocated to deal with this unexpected emergency.For instance, an article published by PubMed in November 2021 reported a 75% reduction in the availability of medical equipment, and this pandemic resulted in comparable restrictive measures for spinal surgical departments in central Europe. The COVID-19 pandemic resulted in comparable restrictive measures for spinal surgical departments in central Europe; however, the market showed significant traction within a few months as the reduction in COVID-19 cases was reported, and currently, it is expected to experience growth due to the growing demand for minimally invasive spinal surgical procedures in the region.
The European spinal surgery devices market has shown healthy growth, owing to the increasing demand for minimally invasive surgical procedures, the growing burden of obesity, the aging population and associated spine disorders, and continuous advancements in spine surgery technologies.
Spine disorders (SD) and the associated pain are found to be major medical, social, and economic problems because of their high prevalence and the ever-increasing number of patients among the elderly population. In the majority of cases of spinal disorder, patients experience pseudoradicular pain, which is caused by degenerative changes in the spine, involving the intervertebral discs, facet joints, and soft tissues.For instance, in January 2021, an article published by PubMed reported that the total hereditary neuromuscular disorder (HNMD) prevalence in this study was higher than the prevalence of hereditary neuromuscular disorder (HNMD) in hypothetical estimates made from studies across Europe.
Also, the European region witnessed a high proportion of the geriatric population compared to the total population. Spinal surgeries are most common in people over the age of 65.For instance, in September 2021, an article published by Europe PMC reported that neurological conditions are highly prevalent and disabling in the elderly. The Italian population has witnessed sharp aging, and it is thus expected that there will be a rising trend in the incidence, prevalence, and disability of these neurological conditions. Furthermore, technological advancements by key market players are propelling the market in the region.
Thus, due to the aforesaid factors, such as the aging population and associated spine disorders, and continuous advancements in spine surgery technologies, the market is expected to show significant growth over the forecast period. However, the high cost and time involved in treatment procedures and reimbursement issues may slow down market growth.
Europe Spinal Surgery Devices Industry Segmentation
As per the scope of the report, spinal surgery devices are medical devices that are being used for surgeries related to the spine, such as spinal decompression and fusion. Spinal surgery is traditionally performed as open surgery, wherein a long incision allows a surgeon to access the spinal anatomy of a body. Therefore, for performing these surgeries, there is a requirement for these spinal fusion devices that are used for the treatment of spinal deformities, such as degenerative disc disease and spondylolisthesis. The Europe spinal surgery devices market is divided into two sections: device type (spinal decompression (corpectomy, discectomy, facetectomy, foraminotomy, laminotomy), spinal fusion (cervical fusion, interbody fusion, thoracolumbar fusion, other spinal fusions), fracture repair, arthroplasty, and non-fusion procedures), and geography (Germany, United Kingdom, France, Italy, Spain, and the Rest of Europe). The report offers the value (in USD million) for the above segments.
By Device Type | |||||||
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Fracture Repair | |||||||
Arthroplasty | |||||||
Non-fusion Procedures |
Geography | |
Germany | |
United Kingdom | |
France | |
Italy | |
Spain | |
Rest of Europe |
Europe Spinal Surgery Devices Market Size Summary
The European spinal surgery devices market is poised for significant growth, driven by the increasing demand for minimally invasive surgical procedures and advancements in spine surgery technologies. The market is experiencing a resurgence following the disruptions caused by the COVID-19 pandemic, which had initially led to a reduction in medical resources and surgical activities. However, as the demand for minimally invasive procedures rises, the market is expected to expand. Factors such as the aging population, the prevalence of obesity, and associated spine disorders are contributing to this growth. The market is also benefiting from technological innovations and the development of new surgical devices, which are enhancing the efficacy and safety of spinal surgeries.
Germany is anticipated to be a key growth region within the European market, supported by a rise in spinal cord surgeries and technological advancements. The presence of major market players and ongoing clinical studies in the country are further propelling market expansion. The competitive landscape is moderately consolidated, with several international and local companies holding significant market shares. These companies are actively involved in developing and launching innovative spinal surgery devices, which are expected to drive market growth over the forecast period. Despite challenges such as high treatment costs and reimbursement issues, the market is set to benefit from the increasing adoption of robotic fusion techniques and minimally invasive fusion systems.
Europe Spinal Surgery Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Demand for Minimally Invasive Surgical Procedures
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1.2.2 Increasing Incidence of Obesity, Aging Population, and Associated Spine Disorders
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1.2.3 Continuous Advancements in Spine Surgery Technologies
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1.3 Market Restraints
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1.3.1 High Cost and Time Involved in Treatment Procedures
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1.3.2 Reimbursement Issues
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Device Type
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2.1.1 Spinal Decompression
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2.1.1.1 Corpectomy
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2.1.1.2 Discectomy
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2.1.1.3 Facetectomy
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2.1.1.4 Foraminotomy
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2.1.1.5 Laminotomy
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2.1.2 Spinal Fusion
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2.1.2.1 Cervical Fusion
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2.1.2.2 Interbody Fusion
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2.1.2.3 Thoraco Lumbar Fusion
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2.1.2.4 Other Spinal Fusions
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2.1.3 Fracture Repair
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2.1.4 Arthroplasty
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2.1.5 Non-fusion Procedures
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2.2 Geography
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2.2.1 Germany
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2.2.2 United Kingdom
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2.2.3 France
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2.2.4 Italy
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2.2.5 Spain
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2.2.6 Rest of Europe
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Europe Spinal Surgery Devices Market Size FAQs
What is the current Europe Spinal Surgery Devices Market size?
The Europe Spinal Surgery Devices Market is projected to register a CAGR of 6.30% during the forecast period (2024-2029)
Who are the key players in Europe Spinal Surgery Devices Market?
Alphatec Spine Inc., Medtronic PLC, Globus Medical Inc., Orthofix Holdings Inc. and SpineGuard SA are the major companies operating in the Europe Spinal Surgery Devices Market.