Market Trends of Global Spinal Non-Fusion Devices Industry
Dynamic Stabilization Devices Segment Captured the Largest Market Share
The dynamic stabilization devices segment captured the largest market share in the market studied. These devices consist of pedicle screw-based systems, interspinous process spacers, and facet replacement products. The segment's dominance can be attributed to the use of rigid spinal implants for fusion technologies. Moreover, the technological advancements leading to changes in therapeutic procedures, such as biochemical improvements and the adoption of BioFlex systems, are expected to propel the segment's growth.
Lumbar disc herniation may lead to lower back pain and radicular leg pain. According to the Scoliosis and Spinal Disorders journal in 2021, around 65% to 88% of the population experienced lower back pain. Non-fusion surgery can be used for the treatment of lumbar degenerative diseases. Hence, this factor is expected to fuel the dynamic stabilization devices segment in the market studied.
North America is Expected to Dominate the Market over the Forecast Period
The primary growth driver of the spinal surgery devices market in North America is the increasing adoption of minimally invasive spinal surgeries and technological advancements in spinal surgery. In North America, the United States currently dominates the market for spinal surgery devices, and it is expected to continue its stronghold over the coming years due to the increasing number of Americans suffering from lower back problems and spine-related disorders annually. For instance, as per the American Association of Neurological Surgeons 2021 report, as many as 450,000 people in the United States were living with a spinal cord injury (SCI) in 2020. Likewise, according to an article titled '40 Back Pain Statistics (To Send a Shiver Down Your Spine)' updated in January 2022, 80% of Americans experience back pain at some point in their lives. The above-mentioned statistics indicate that increasing spinal issues lead to the rising demand for spinal surgeries within the country, thereby contributing to the market growth.
Furthermore, several market players are also engaged in the implementation of strategic initiatives, thereby contributing to market growth. For instance, in June 2021, Spectrum Spine, a spinal device supplier, and leader in the development of spinal surgical device inventions acquired a highly unique and proprietary surface technology for spinal trauma and has begun operations with the device.
Hence, the market studied is likely to be impacted by the aforementioned factors over the forecast period.
