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Spinal Surgery Devices Market Size (2024 - 2029)

The spinal surgery devices market is experiencing a recovery and growth trajectory, driven by factors such as the increasing adoption of minimally invasive surgeries, technological advancements, and a rising prevalence of obesity and degenerative spinal conditions. The market's expansion is supported by the demand for innovative devices that address severe pain with less invasive procedures. However, challenges such as stringent regulatory requirements and high costs of treatment and procedures continue to pose obstacles to market growth.

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Market Size of Spinal Surgery Devices Industry

spinal surgery market Summary
Study Period 2019 - 2029
Market Size (2024) USD 1.12 Billion
Market Size (2029) USD 1.42 Billion
CAGR (2024 - 2029) 4.91 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Medium

Major Players

spinal surgery market Major Players

*Disclaimer: Major Players sorted in no particular order

Spine Surgery Devices Market Analysis

The Spinal Surgery Devices Market size is estimated at USD 1.12 billion in 2024, and is expected to reach USD 1.42 billion by 2029, growing at a CAGR of 4.91% during the forecast period (2024-2029).

The COVID-19 pandemic has significantly impacted the spinal surgery devices market worldwide. In addition to the effects of the disease on public health, there was also a collateral effect on the disruption and cancelation of surgical services. For instance, according to the study published in the Journal of Orthopedic Trauma in October 2021, most spinal surgeons' work was obliterated with the closure of elective surgery and outpatient clinics. Such instances are anticipated to hurt the demand for spinal surgery devices over the pandemic phase. However, the sector has been recovering well since restrictions were lifted. An increase in spine surgeries and a rise in marketing strategies to sell spine surgery devices have led the market recovery over the last two years.

The key factors propelling the growth of this market are the increasing adoption rate of minimally invasive spinal surgeries, an upsurge in technological advancements in the spinal surgery sector, and growing incidences of obesity and degenerative spinal conditions. For instance, in June 2021, a team of engineers and clinicians at the University of Cambridge developed an ultra-thin, inflatable spinal device that can be used to treat the most severe forms of pain without the need for invasive surgery. Moreover, in July 2021, NuVasive's Pulse platform for spine surgery received United States Food and Drugs Administration (USFDA) 510 (k) approval. Such developments fuel the adoption and demand for spinal surgery devices, thereby contributing to the market's growth.

Furthermore, the increasing prevalence of obesity contributes to market growth. For instance, as per the World Obesity Atlas 2022, 1 billion people worldwide, including 1 in 5 women and 1 in 7 men, will be obese by 2030. As the obese population with a higher Body Mass Index (BMI) was more vulnerable to spine-related disorders and back pain, the demand for spinal surgeries among this age group is likely to increase soon, ultimately driving the growth of the spinal surgery devices market.

However, the stringent regulatory process for new product approvals and expensive treatment and procedures are the major factors restraining the market's growth.

Spine Surgery Devices Industry Segmentation

As per the scope of the report, spinal surgery devices are devices used to treat spinal injuries or deformities. They help restructure or realign the spine. The Spinal Surgery Devices Market is segmented by Device Type (Spinal Decompression, Spinal Fusion, Fracture Repair Devices, Arthroplasty Devices, Non-fusion Devices) and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the market size and forecasts in value (USD million) for the above segments.

By Device Type
Spinal Decompression
Corpectomy
Discectomy
Facetectomy
Foraminotomy
Laminotomy
Spinal Fusion
Cervical Fusion
Interbody Fusion
ThoracoLumbar Fusion
Other Spinal Fusions
Fracture Repair Devices
Arthroplasty Devices
Non-fusion Devices
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America
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Spinal Surgery Devices Market Size Summary

The spinal surgery devices market is poised for steady growth, driven by the increasing adoption of minimally invasive procedures and advancements in technology. The market experienced disruptions during the COVID-19 pandemic due to the cancellation of elective surgeries, but has since shown resilience with a recovery in demand. Key factors contributing to market expansion include the rising prevalence of obesity and degenerative spinal conditions, which necessitate surgical interventions. Innovations such as ultra-thin, inflatable spinal devices and platforms like NuVasive's Pulse have further fueled market growth. However, challenges such as stringent regulatory processes and high costs of treatments continue to pose obstacles.

In North America, particularly the United States, the market is dominated by the high incidence of spine-related disorders, driving demand for surgical devices. The region benefits from significant government investments and strategic initiatives by market players, which are expected to bolster growth. The competitive landscape is characterized by major players like Stryker Corporation, Globus Medical, and Medtronic, alongside mid-size and smaller companies introducing innovative technologies. Recent product launches and regulatory approvals for interbody fusion devices are anticipated to positively impact market dynamics, ensuring continued expansion over the forecast period.

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Spinal Surgery Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Technological Advances in Spinal Surgery and Rising Adoption Rate of Minimally-invasive Spinal Surgeries

      2. 1.2.2 Increasing Burden of Obesity and Degenerative Spinal Conditions

    3. 1.3 Market Restraints

      1. 1.3.1 Stringent Regulatory Process for New Product Approvals

      2. 1.3.2 Expensive Treatment Procedures

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 2.1 By Device Type

      1. 2.1.1 Spinal Decompression

        1. 2.1.1.1 Corpectomy

        2. 2.1.1.2 Discectomy

        3. 2.1.1.3 Facetectomy

        4. 2.1.1.4 Foraminotomy

        5. 2.1.1.5 Laminotomy

      2. 2.1.2 Spinal Fusion

        1. 2.1.2.1 Cervical Fusion

        2. 2.1.2.2 Interbody Fusion

        3. 2.1.2.3 ThoracoLumbar Fusion

        4. 2.1.2.4 Other Spinal Fusions

      3. 2.1.3 Fracture Repair Devices

      4. 2.1.4 Arthroplasty Devices

      5. 2.1.5 Non-fusion Devices

    2. 2.2 Geography

      1. 2.2.1 North America

        1. 2.2.1.1 United States

        2. 2.2.1.2 Canada

        3. 2.2.1.3 Mexico

      2. 2.2.2 Europe

        1. 2.2.2.1 Germany

        2. 2.2.2.2 United Kingdom

        3. 2.2.2.3 France

        4. 2.2.2.4 Italy

        5. 2.2.2.5 Spain

        6. 2.2.2.6 Rest of Europe

      3. 2.2.3 Asia-Pacific

        1. 2.2.3.1 China

        2. 2.2.3.2 Japan

        3. 2.2.3.3 India

        4. 2.2.3.4 Australia

        5. 2.2.3.5 South Korea

        6. 2.2.3.6 Rest of Asia-Pacific

      4. 2.2.4 Middle-East and Africa

        1. 2.2.4.1 GCC

        2. 2.2.4.2 South Africa

        3. 2.2.4.3 Rest of Middle East and Africa

      5. 2.2.5 South America

        1. 2.2.5.1 Brazil

        2. 2.2.5.2 Argentina

        3. 2.2.5.3 Rest of South America

Spinal Surgery Devices Market Size FAQs

The Spinal Surgery Devices Market size is expected to reach USD 1.12 billion in 2024 and grow at a CAGR of 4.91% to reach USD 1.42 billion by 2029.

In 2024, the Spinal Surgery Devices Market size is expected to reach USD 1.12 billion.

Spinal Surgery Devices Market Report Snapshots

Spinal Surgery Devices Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)