Market Size of North America Spinal Surgery Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.13 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
North America Spinal Surgery Market Analysis
The North America Spinal Surgery market studied was anticipated to grow with a CAGR of 7.13%, during the forecast period. The major factors attributing to the growth of the North America spinal surgery market are advancements in technology in spinal surgery equipment, growing aging and obese population with growing number of spinal deformities, and increasing demand for noninvasive spinal surgery procedures are key elements driving the growth of the market for North America spinal surgery.
According to a survey conducted in the United States, by the National Center for Health Statistics, more than 65 million Americans suffer from lower back problems, every year. With evolving lifestyle and food consumption methods in the region such figures are expected to increase further. The degenerative spinal disorders are also expected to increase, along with a likely increase in spinal problems in obese populations owing to increased obesity which will further boost the market growth during the forecast period.
North America Spinal Surgery Industry Segmentation
The demand for spinal surgery products is a significant money-spinning sub-segment of the orthopedic market. Generally, spinal surgery has been an open procedure in which an extensive incision allows the surgeon to examine the structure of the spine.
By Device Type | |||||||
| |||||||
| |||||||
Fracture Repair Devices | |||||||
Arthroplasty Devices | |||||||
Non-fusion Devices |
By Geography | |||||
|
North America Spinal Surgery Market Size Summary
The North America spinal surgery market is poised for significant growth, driven by technological advancements in surgical equipment and an increasing prevalence of spinal deformities among the aging and obese populations. The demand for noninvasive procedures is also contributing to this upward trend. The region faces a rising number of lower back problems, exacerbated by lifestyle changes and dietary habits, which are expected to further escalate the incidence of degenerative spinal disorders. This scenario is likely to enhance the market's expansion, with spinal fusion anticipated to hold a substantial share in the device category. The market is characterized by a mix of traditional and advanced treatment options for conditions like lumbar spinal stenosis, supported by ongoing clinical trials aimed at further innovations.
The competitive landscape of the North America spinal surgery devices market is marked by the presence of several key players, including Zimmer Biomet, Stryker Corporation, Johnson & Johnson, Medtronic plc, and Globus Medical. These companies are actively engaging in strategic acquisitions and joint ventures to strengthen their market positions. The market's growth is further supported by the high volume of instrumented spinal procedures performed annually in the United States, which underscores the demand for complex stabilizing tools for both anterior and posterior lumbar spine treatments. This dynamic environment is expected to foster continued development and expansion within the market throughout the forecast period.
North America Spinal Surgery Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Increasing Number of Technological Advances in Spinal Surgery
-
1.2.2 Increasing Incidences of Obesity and Degenerative Spinal Conditions
-
1.2.3 Increasing Adoption Rate of Minimally Invasive Spinal Surgeries
-
-
1.3 Market Restraints
-
1.3.1 Expensive Treatment Procedures
-
1.3.2 Stringent Reimbursement Concerns
-
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Device Type
-
2.1.1 Spinal Decompression
-
2.1.1.1 Corpectomy
-
2.1.1.2 Discectomy
-
2.1.1.3 Facetectomy
-
2.1.1.4 Foraminotomy
-
2.1.1.5 Laminotomy
-
-
2.1.2 Spinal Fusion
-
2.1.2.1 Cervical Fusion
-
2.1.2.2 Interbody Fusion
-
2.1.2.3 ThoracoLumbar Fusion
-
2.1.2.4 Others
-
-
2.1.3 Fracture Repair Devices
-
2.1.4 Arthroplasty Devices
-
2.1.5 Non-fusion Devices
-
-
2.2 By Geography
-
2.2.1 North America
-
2.2.1.1 United States
-
2.2.1.2 Canada
-
2.2.1.3 Mexico
-
-
-
North America Spinal Surgery Market Size FAQs
What is the current North America Spinal Surgery Market size?
The North America Spinal Surgery Market is projected to register a CAGR of 7.13% during the forecast period (2024-2029)
Who are the key players in North America Spinal Surgery Market?
Zimmer Biomet, Stryker Corporation, Johnson and Johnson, Medtronic plc and Globus Medical are the major companies operating in the North America Spinal Surgery Market.