Japan Spinal Surgery Devices Market Size (2024 - 2029)

The Japan spinal surgery devices market is anticipated to experience growth over the forecast period, driven by factors such as an aging population prone to spinal injuries and an increasing demand for minimally invasive surgeries. The market's expansion is expected to recover from the impacts of COVID-19, which had previously led to a decline in elective surgeries due to stringent regulations. Additionally, the prevalence of sports-related spinal injuries is projected to further contribute to market growth. However, challenges such as the risks, duration, and high costs associated with spinal surgeries may hinder the market's full potential.

Market Size of Japan Spinal Surgery Devices Industry

Japan Spinal Surgery Devices Market Summary
Study Period 2021 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2021 - 2022
CAGR 7.50 %
Market Concentration Low

Major Players

Japan Spinal Surgery Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

Japan Spinal Surgery Devices Market Analysis

The Japan Spinal Surgery Devices Market is expected to record a CAGR of 7.5% over the forecast period.

COVID-19 significantly impacted the Spinal Surgery Devices Market in Japan owing to the strict regulation imposed on elective surgeries during the initial stages of the pandemic outbreak. For instance, the UCSFME article published in 2022 mentioned that spinal surgeries in Japan decreased by 10.1% compared to the pre-pandemic period. The article also mentioned that lumbar spinal stenosis surgery decreased by 19.7%, lumbar disc herniation by 6.4%, and cervical spondylotic myelopathy by 9%. Such a decrease in elective spinal surgeries in Japan during the pandemic period significantly impacted the market's growth. However, the resumption of all elective spinal surgeries after the relaxation of strict regulation by the Japanese government during the post-pandemic period is expected to contribute to the market's growth over the forecast period.

The major driving factors, such as the geriatric population, who are more likely to be prone to spinal injuries, and rising demand for minimally invasive surgeries are e, expected to play a crucial role in the market's growth. For instance, in the JTC article published in September 2022, Japan's population aged over 75 years contributes to over 15% of the total population, and those over 65 years are 29.1% of the total population. Furthermore, the prevalence of sports injuries leading to spinal injuries or fractures in the Japanese population is expected to drive the market's growth. For instance, as per the article published by JNS in August 2021, within sports-related traumatic spinal injuries in Japan, the rate of spinal cord injuries was 13% for cycling injuries compared to 41% and 49% for contract sports and aquatic sports injuries. Thus, the high incidence of sports injuries requiring spinal surgical procedures is expected to drive the market's growth over the forecast period.

As per the factors above, Japan's spinal surgery devices market is likely to grow over the forecast period. However, the risk associated with spinal surgery, the time involved, and the high cost of the surgery restrain the market growth.

Japan Spinal Surgery Devices Industry Segmentation

As per the scope of the report, the Spinal Surgery Devices Market is a significant, money-spinning sub-segment of the orthopaedic industry. Spine surgery has traditionally been 'open surgery, wherein a long incision allows the surgeon to access the spine anatomy.

The Japan Spinal Surgery Devices Market is Segmented by Type (Spinal Decompression (Corpectomy, Discectomy, Laminotomy, Others), Spinal Fusion, Fracture Repair Devices, and Others). The report offers the value (in USD million) for the above segments.

By Type
Spinal Decompression
Corpectomy
Discectomy
Laminotomy
Others
Spinal Fusion
Fracture Repair
Others
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Japan Spinal Surgery Devices Market Size Summary

The Japan Spinal Surgery Devices Market is poised for significant growth over the forecast period, driven by factors such as an aging population prone to spinal injuries and a rising demand for minimally invasive surgical procedures. The market experienced a temporary setback due to the COVID-19 pandemic, which led to a decrease in elective spinal surgeries due to strict regulations. However, the resumption of these surgeries post-pandemic is expected to bolster market expansion. The prevalence of sports-related spinal injuries also contributes to market growth, as more individuals seek surgical interventions for conditions arising from such injuries. Despite challenges like the high cost and risks associated with spinal surgery, the market is anticipated to grow steadily, supported by advancements in surgical techniques and devices.

The demand for spinal fusion surgery devices is expected to rise, particularly due to the increasing number of elderly individuals in Japan who are susceptible to spinal injuries and degenerative disorders. The market for fracture repair devices is also projected to hold a significant share, driven by the high incidence of fractures and the rising prevalence of obesity in the Japanese population. The presence of major global players and strategic collaborations among companies further enhance the competitive landscape, facilitating the introduction of innovative devices and solutions. The market's moderately fragmented nature, with key players like Stryker Corporation, ZimVie, and Medtronic PLC, underscores the dynamic and competitive environment in which these companies operate.

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Japan 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 Adoption Rate of Minimally Invasive Spinal Surgeries

      2. 1.2.2 Increasing Incidences of Obesity and Degenerative Spinal Conditions

      3. 1.2.3 Rising Geriatric Popualtion in Japan

    3. 1.3 Market Restraints

      1. 1.3.1 Risks Associated with Spinal Surgeries

      2. 1.3.2 High Cost and Time Involved in Treatment Procedures

    4. 1.4 Porter's Five Force 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

      5. 1.4.5 Intensity of Competitive Rivalry

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

    1. 2.1 By Type

      1. 2.1.1 Spinal Decompression

        1. 2.1.1.1 Corpectomy

        2. 2.1.1.2 Discectomy

        3. 2.1.1.3 Laminotomy

        4. 2.1.1.4 Others

      2. 2.1.2 Spinal Fusion

      3. 2.1.3 Fracture Repair

      4. 2.1.4 Others

Japan Spinal Surgery Devices Market Size FAQs

The Japan Spinal Surgery Devices Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)

ZimVie, Stryker Corporation, Medtronic PLC, Globus Medical Inc. and NuVasive Inc. are the major companies operating in the Japan Spinal Surgery Devices Market.

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