Spine Surgery Devices Market By Device Type (Spinal Decompression (Corpectomy, Discectomy, Facetectomy, Foraminotomy, Laminotomy). Spinal Fusion (Cervical Fusion, Interbody Fusion, ThoracoLumbar Fusion, Others), Fracture Repair Devices, Arthroplasty Devices, Non-Fusion Devices), By End User (Hospitals, Surgical Centers, Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2022-2027

Report Code: HCR 0855 Report Format: PDF + Excel

Spine Surgery Devices Market Overview

Spine Surgery Devices Market size is estimated to reach $17.6 billion by 2027, growing at a CAGR of 4.6% during the forecast period 2022-2027. Spine Surgery Devices are the medical machinery utilized to treat spinal deformities and ailments. Spinal decompression surgery is utilized to treat spinal stenosis, which is when some spaces in the spine begin to get narrower. This leaves less room for the spinal cord and the nerves that branch off of it. When the spaces around the vertebrae and spinal cord get smaller, nerves around the spine may get pinched or irritated. Spinal stenosis can occur naturally as one grows older, or it can be brought about by scoliosis or spinal injury. Spinal fusion includes techniques planned to imitate the normal healing process of broken bones. At the time of spinal fusion, the surgeon positions bone or a bonelike material within the space between two spinal vertebrae. Metal plates, screws, and rods may be utilized to hold the vertebrae together. So they can heal into one solid unit. Cervical implants are cervical devices that surgeons apply to decompress and stabilize the neck. These devices are enclosed either from the front (anterior) of the spine or from the back (posterior). The thoracolumbar spine is the changeable zone between the stiff thoracic cage and the mobile lumbar spine. Exposure of the thoracolumbar spine is typically best achieved by resection of the 10th rib and reflection of the diaphragm to reveal the retroperitoneal plane. A dynamic stabilization, also termed flexible or soft stabilization, is an increasing area of spine surgery that possibly can decrease certain issues inherent with metal implants. The long-term goal of dynamic stabilization is to treat the present issue and concurrently decrease adjacent segment ailment. Stimulation devices include bone growth stimulators which are devices that are used subsequent to cervical or lumbar surgical procedure. They are utilized to assist in spinal bones fusing together, usually following a fusion procedure or following a failed spinal fusion.

The expanding population of the elderly and the heightening application of spinal decompression surgery is set to drive the Spine Surgery Devices Market. The rising technologies for minimally invasive spine surgery procedures and the increasing predominance of spinal injuries are set to propel the growth of the Spine Surgery Devices Market during the forecast period 2022-2027. This represents the Spine Surgery Devices Industry Outlook.

Report Coverage

The report: “Spine Surgery Devices Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Spine Surgery Devices Market.

By Device Type: Spinal Decompression (Corpectomy, Discectomy, Facetectomy, Foraminotomy, Laminotomy). Spinal Fusion (Cervical Fusion, Interbody Fusion, ThoracoLumbar Fusion, Others), Fracture Repair Devices, Arthroplasty Devices, Non-Fusion Devices.
By End User: Hospitals, Surgical Centers, Others.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).

Key Takeaways

  • Geographically, North America Spine Surgery Devices Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027. This is attributed to the rising count of Americans enduring lower back issues and spine-associated ailments yearly. Further, the rising application of spinal decompression surgery in North America is supporting regional demand. 
  • Spine Surgery Devices Market growth is being driven by the increasing predominance of spinal ailments and the introduction of progressive bone-grafting products and the rising application of spinal decompression surgery. However, the soaring cost of spinal surgery is one of the major factors hampering the growth of Spine Surgery Devices Market. 
  • Spine Surgery Devices Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Spine Surgery Devices Market report. 
Spine Surgery Devices Market: Market Share (%) By Region, 2021

Spine Surgery Devices Market

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Spine Surgery Devices Market Segment Analysis – By Device Type:

The Spine Surgery Devices Market based on device type can be further segmented into Spinal Decompression. Spinal Fusion, Fracture Repair Devices, Arthroplasty Devices and Non-Fusion Devices. The Spinal Fusion Segment held the largest market share in 2021. This growth is owing to the surging count of product launches and approvals. In July 2021, Orthofix Medical, a Texas-based developer of 3D printed orthopedic devices, introduced its novel FORZA Ti PLIF Spacer System. Planned for application in Posterior Lumbar Interbody Fusion (PLIF) surgeries, the titanium implant is characterized by a complex 3D printed geometry, a porous structure, and a nanoscale surface texture that advances bone development by way of the spacer. The soaring manufacture of both anterior and posterior dynamic stabilization devices for the lumbar spine by key players is further propelling the growth of the Spinal Fusion segment.

Furthermore, the Spinal Decompression segment is estimated to grow with the fastest CAGR of 6.2% during the forecast period 2022-2027 owing to the heightening application of spinal decompression to provide pain relief when administered in numerous sessions over many weeks with healing commencing right away with further advantages of spinal decompression being that it is non-invasive, painless and does not involve any medicines like pain killers to manage the back pain for the rest of the life.

Spine Surgery Devices Market Segment Analysis – By End User:

The Spine Surgery Devices Market based on end-user can be further segmented into Hospitals, Surgical Centers and Others. The Hospitals Segment held the largest market share in 2021. This growth is owing to the increasing cases of spinal ailments and the heightening application of spinal fusion and spinal decompression techniques in hospitals. Spinal decompression surgery is carried out to alleviate lower back pain or other symptoms brought about by compression of the spinal cord or the spinal nerves. The existence of progressive infrastructure and qualified physicians in hospitals is further propelling the growth of this segment.

Furthermore, the Surgery Centers segment is estimated to grow with the fastest CAGR of 5.8% during the forecast period 2022-2027 owing to the extensive application of spinal fusion in spinal centers and surgery centers.

Spine Surgery Devices Market Segment Analysis – By Geography:

The Spine Surgery Devices Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of the World. North America (Spine Surgery Devices Market) held the largest share with 35% of the overall market in 2021. The growth of this region is owing to the increasing cases of spinal cord injury in the U.S.in the North American region. The burgeoning application of techniques like spinal decompression and spinal fusion together with expanding implementation of strategic initiatives by key players are further propelling the growth of the Spine Surgery Devices Market in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR over the forecast period 2022-2027. This growth is owing to factors like the increasing awareness pertaining to spinal decompression and spinal fusion techniques and government backing towards the application of spine surgery devices in the Asia-Pacific region. The proliferating geriatric and obese population in countries like China is further fuelling the progress of the Spine Surgery Devices Market in the Asia-Pacific region.

Spine Surgery Devices Market - Drivers

Surging Applications Of Spinal Decompression Are Projected To Drive The Growth Of Spine Surgery Devices Market:

According to Napless Spine & Disc, research has demonstrated up to 88.9% success rate pertaining to spinal decompression. Cervical, neck decompression, or spinal decompression is a non-surgical technique utilized to alleviate pain in the neck and the lower back. The typical procedure needs a machine or device to mildly and gradually stretch the spine. Spinal decompression can alleviate some of the pressure on the compressed nerve root, comforting pain. The spinal decompression therapy motion results in any herniated discs that are curving outward or disintegrating to retract. This removes the disc pressure on the nerves. With frequent application, there can be positive outcomes, and a persistent condition can be relieved successfully. Spinal decompression is a surgical technique targeted to alleviate pressure on the spinal cord or a compressed nerve root. Spinal treatment opens the bony channels by the way which the spinal cord and nerves pass. This makes space for them to flow freely. Narrowing or stenosis of the spinal cord and nerve root canals brings about chronic pain, numbness, and weakened muscles in the arms or legs. Treatment alternatives for spinal decompression therapy involve medication, physical therapy, and surgery. A physician may suggest surgical treatment if the pain is serious and/or if there are any neurological issues. The surging applications of Spinal Decompression are therefore fuelling the growth of the Spine Surgery Devices Market during the forecast period 2022-2027.

Proliferating Applications Of Spinal Fusion Are Expected To Boost The Growth Of The Spine Surgery Devices Market:

Numerous physicians claim spinal fusion success rates (or back fusion success rates) are as high as above 90 percent. However, they do not always make clear what their criteria are for a successful fusion. Therefore, it is not recognized if they mean the bones have been solidly fused together (technical success), or the patient's symptoms have been satisfactorily enhanced (clinical success), or both. Spinal fusion is surgery to permanently link two or more vertebrae in the spine, removing motion between them. Spinal fusion includes methods planned to imitate the usual healing process of broken bones. At the time of spinal fusion, the surgeon positions bone or a bonelike material within the space between two spinal vertebrae. Metal plates, screws, and rods may be utilized to hold the vertebrae together so that they can heal into one solid unit. Spinal fusion permanently links two or more vertebrae in the spine to enhance stability, fix a deformity, or decrease pain. The physician may suggest spinal fusion to treat:

  1. Deformities of the spine. Spinal fusion can assist with fixing spinal deformities, like a sideways curvature of the spine (scoliosis).
  2. Spinal weakness or instability. The spine may become unstable if there is abnormal or too much motion between two vertebrae. This is a typical side effect of serious arthritis in the spine. Spinal fusion can be utilized to fix spinal stability in such cases.
  3. Herniated disk. Spinal fusion may be utilized to stabilize the spine after the elimination of a broken (herniated) disk.

The proliferating applications of spinal fusion are therefore driving the growth of the Spine Surgery Devices Market during the forecast period 2022-2027.

Spine Surgery Devices Market – Challenges

Risks And Complexities Of Spine Fusion Are Hampering The Growth Of The Spine Surgery Devices Market:

The most typical risk of any of the contemporary spine fusion surgery methods is the failure to alleviate lower back pain symptoms succeeding the surgery. In the best of all situations, this risk happens in a minimum of 20% of spine fusion surgeries. The possibility of this outcome becomes even more recurrent with fusions of three or more levels. This result is typically termed "failed back surgery syndrome". There is also a hazard that the vertebrae may not fuse together succeeding the surgery, termed pseudoarthrosis. Contemporary methods occur in nearly 5% to 10% of spine fusion surgeries. It is well documented in the medical literature that people who smoke have a reduced rate of successful spine fusion. If pedicle screws are utilized, there is a hazard that the screws may break or become loose and may need further surgery to eliminate or revise the screws and rods. Anterior grafts and cages can migrate or subside, which may need repeat spine surgery. These issues are thus hampering the growth of the Spine Surgery Devices Market.

Spine Surgery Devices Industry Outlook:

Technological advancements, product launches, agreements, partnerships and collaborations are key strategies adopted by players in the Spine Surgery Devices Market. Key companies of this market are:

  1. Medtronic
  2. NuVasive Inc.
  3. B. Braun Melsungen AG
  4. Globus Medical Inc.
  5. Abbott Laboratories
  6. Boston Scientific
  7. Ulrich GmbH & Co. KG
  8. Kuros Biosciences AG
  9. Colfax Corporation
  10. Implanet

Recent Developments

  • In October 2021, NuVasive, Inc. declared the introduction of the Cohere® TLIF-O implant and the upcoming introduction of the Cohere TLIF-A implant lined for later in the fourth quarter. With these inclusions to its Advanced Materials Science™ (AMS) portfolio, NuVasive is the only firm to provide both porous PEEK and porous titanium implants for posterior spine surgery. Cohere TLIF-O is a porous PEEK implant for the transforaminal lumbar interbody fusion (TLIF) procedure with an assortment of implant sizes to make room for different patient anatomies and procedurally planned instrumentation.
  • In September 2021, Medtronic plc declared the most recent inclusions to its minimally invasive spine surgery ecosystem, making it the only company to integrate spinal implants, biologics, navigation, robotics, and AI-powered data to surgeons and patients. Greater than 450,000 spinal fusion procedures are carried out in the U.S. every year to decrease pain, enhance stability or correct deformities of the spine. Around 200,000 are lower or lumbar fusion procedures, which treat conditions like degenerative disc disease, herniated disc, fractured vertebrae, spinal stenosis, and other conditions.
  • In November 2020, NuVasive, Inc. declared the disclosure of its novel C360™ cervical spine portfolio, inclusive of the commercial introduction of the Anterior Cervical Plating (ACP) system, featuring the thinnest plate on the market1 at 1.6 mm. The novel ACP system challenges the status quo of cervical spine technology. It is planned to assist in decreasing typical postoperative complexities, like dysphagia, malalignment, and adjacent level ossification, by allowing surgeons to personalize treatment to patient requirements versus a conventional one-size-fits-all approach.

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1. Spine Surgery Devices Market Overview
    1.1 Definitions and Scope
2. Spine Surgery Devices Market - Executive Summary
3. Spine Surgery Devices Market – Market Landscape
    3.1 Company Benchmarking- Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Spine Surgery Devices Market – Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Spine Surgery Devices Market – Industry Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Spine Surgery Devices Market-Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Spine Surgery Devices Market – By Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Spine Surgery Devices Market – By Device Type (Market Size –$Million/$Billion) 
    8.1 Spinal Decompression
        8.1.1. Corpectomy
        8.1.2. Discectomy
        8.1.3. Facetectomy
        8.1.4. Foraminotomy
        8.1.5. Laminotomy
    8.2 Spinal Fusion
        8.2.1. Cervical Fusion
        8.2.2. Interbody Fusion
        8.2.3. ThoracoLumbar Fusion
        8.2.4. Others
     8.3. Fracture Repair Devices
     8.4. Arthroplasty Devices
     8.5. Non-Fusion Devices
9. Spine Surgery Devices Market – By End User (Market Size –$Million/$Billion) 
    9.1 Hospitals
    9.2 Surgical Centers
    9.3 Others
10. Spine Surgery Devices Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 Germany
        10.2.2 France
        10.2.3 UK
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia & New Zealand
        10.3.6 Rest of Asia-Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Chile
        10.4.4 Colombia
        10.4.5 Rest of South America
    10.5 Rest Of The World
        10.5.1 Middle East
        10.5.2 Africa
11. Spine Surgery Devices Market - Market Entropy
    11.1 New product launches
    11.2 M&A's, collaborations, JVs and partnerships
12. Spine Surgery Devices Market – Industry Competition Landscape (Premium)
    12.1 Market Share Analysis
        12.1.1 Global Market Share – Key Companies
        12.1.2 Market Share by Region – Key Companies
        12.1.3 Market Share by Countries – Key Companies
    12.2 Competition Matrix
    12.3 Best Practices for Companies
13. Spine Surgery Devices Market – Key Company List by Country Premium (Premium)
14. Spine Surgery Devices Market - Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
    "*Financials would be provided on a best-efforts basis for private companies"