Market Size of United Kingdom Spinal Surgery Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.19 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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UK Spinal Surgery Devices Market Analysis
The United Kingdom's spinal surgery devices market is expected to register a CAGR of 5.19% over the forecast period.
The COVID-19 pandemic has significantly impacted the market studied. The initial days of the pandemic hampered the studied market due to the disruption and cancellation of surgical services. However, post the first wave of the coronavirus pandemic, in conjunction with the national surgical and specialty authorized members and the Royal Colleges of Surgeons, the United Kingdom health department released guidelines for elective surgery patients. Following that, elective spine surgeries were resumed. In addition, as per a research study published in December 2021 in the BJO open-access journal, when a cohort study was conducted with patients from eight participating spinal centers across the United Kingdom, approximately 65% of the patients had degenerative spinal diseases treated with elective surgery during the pandemic period. Such instances show that during the later phases of the pandemic, the demand for spine surgeries increased. This further created demand for spinal surgery devices. Thus, the pandemic significantly impacted the market studied.
Factors such as technological advancements in spinal surgical devices, increasing demand for minimally invasive spinal surgeries, and an increase in incidences of spinal disorders are the major factors driving the growth of the market studied.
Minimally invasive spine surgery (MISS) is performed to treat different spinal disorders. According to the Hospital of St. John's & St. Elizabeth January 2022 update, MISS offers many potential advantages, such as small incisions, less cutting through soft tissues (such as ligaments and muscles), outpatient options, less post-operative pain, faster recovery. Hence, owing to the advantages, the demand for MISS surgeries is increasing in the United Kingdom. This is further driving the market growth.
Furthermore, the sacroiliac joint (SIJ) is a rare pain generator. Still, out of most consultations, the SIJ site is the typical reason for pain generated by the lumbar spine. According to a BASS article published in March 2022, 35% of cases of total sacroiliac joint degeneration (SIJD) are asymptomatic among the population in the United Kingdom. Thus, it implies a burden of SIJD on the country's people. This creates a demand for spine surgeries in severe cases. This is further predicted to fuel the demand for spinal surgery devices in the country, driving the market growth.
Therefore, owing to the rising adoption of MISS and the increasing burden of SIJD, the studied market is anticipated to grow over the forecast period. However, complications associated with spine surgeries are hindering the market growth.
UK Spinal Surgery Devices Industry Segmentation
Per the scope of the report, spinal surgery devices are a type of device used in surgeries performed on the spine's bones. Spine surgery has traditionally been open surgery, wherein a long incision allows the surgeon to access the spine anatomy. The United Kingdom Spinal Surgery Devices Market is Segmented by Device Type (Spinal Decompression, Spinal Fusion, Fracture Repair Devices, and Others). The report offers the value (in USD million) for the above segments.
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United Kingdom Spinal Surgery Devices Market Size Summary
The United Kingdom spinal surgery devices market is poised for growth, driven by technological advancements and an increasing demand for minimally invasive spinal surgeries. The market experienced initial setbacks due to the COVID-19 pandemic, which disrupted surgical services. However, the resumption of elective spine surgeries, guided by health authorities, led to a surge in demand for spinal surgery devices. Factors such as the rising incidence of spinal disorders and the benefits of minimally invasive procedures, like reduced postoperative pain and faster recovery, are propelling market expansion. The demand for procedures like discectomy and interbody fusion is also on the rise, further contributing to market growth.
The competitive landscape of the UK spinal surgery devices market is characterized by strategic mergers, acquisitions, and partnerships among key players. Companies such as Medtronic, Stryker, and Johnson & Johnson (Depuy Synthes) are actively engaged in product development and strategic alliances to meet the growing global demand. The emergence of advanced surgical techniques, such as extreme lateral interbody fusion, is enhancing the appeal of spinal fusion procedures, thereby driving the need for associated devices. These developments, coupled with the increasing adoption of innovative technologies, are expected to sustain the market's growth trajectory over the forecast period.
United Kingdom 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 Technological Advances in Spinal Surgery
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1.3 Market Restraints
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1.3.1 Complications Associated with the Spine Surgery
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1.4 Porter's Five Force 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 Laminotomy
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2.1.1.4 Others
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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 ThoracoLumbar Fusion
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2.1.2.4 Other Spinal Fusion
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2.1.3 Fracture Repair Devices
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2.1.4 Others
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United Kingdom Spinal Surgery Devices Market Size FAQs
What is the current United Kingdom Spinal Surgery Devices Market size?
The United Kingdom Spinal Surgery Devices Market is projected to register a CAGR of 5.19% during the forecast period (2024-2029)
Who are the key players in United Kingdom Spinal Surgery Devices Market?
Globus Medical Inc., Medtronic, Johnson & Johnson (Depuy Synthes), Stryker and Vadin Implants Ltd are the major companies operating in the United Kingdom Spinal Surgery Devices Market.