Spinal Fusion Devices Market Size is valued at USD 6.63 Billion in 2018 and is expected to reach USD 9.39 Billion by 2025 with the CAGR of 3.42% over the forecast period.
Increasing the number of invasive surgeries related to injuries happened during accident or trauma cases as well as increasing the ageing population around the globe are some important factors driving the growth of spinal fusion devices market.
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Scope of the Spinal Fusion Devices Market Report:
Spinal fusion is a neurosurgical or orthopedic surgical technique that joins together two or more vertebrae which also known as spondylodesis or spondylosyndesis. The fusion process takes place at cervical, thoracic, or lumbar in the spine to prevent any movement between the fused vertebrae. There are many methods of spinal fusion treatment which involves with the help of bone grafting, allograft. In bone grafting, bone is joined either from patient or donor whereas in allografting, the artificial bone is inserted to help the bones heal together.
In addition to this many hardware’s like spinal wires, artificial ligaments, screws, plates, or cages, interbody spacers, hartshill rectangles to hold the bones in place while the graft fuses the two vertebrae together, as well as advanced technology robotics, CT scanners, radiography equipments, MR Imaging devices, navigation systems, and fluoroscopy are often used for this fusion process. The instrumentations used in spinal fusion surgery are designed to stabilize the bony elements of the spine as well as to reduce the incidence of adjacent vertebral segment degeneration during fusion. Commonly the spinal fusion is performed on cervical, thoracic and lumbar joint due to wear out of spinal cord and excessive pressure on nerves.
Key players for global Spinal Fusion Devices services market reports:
- Zimmer Biomet Holdings
- NuVasive, Inc.
- Orthofix International N.V.
- Globus Medical, Inc.
- DePuy Synthes
- RTI Surgical, Inc
- Stryker Corporation
- K2M Group Holdings Inc.
- Alphatec Holdings, Inc.
Spinal Fusion Devices Market Segmentation:
By Product Type
- Cervical fixation Devices
- Anterior plates & screws
- Hook fixation systems
- Thora-columbar devices
- Anterior plates & screws
- Hook fixation systems
- Interbody fusion devices
By Type of Surgery
- Open spine surgery
- Minimally invasive spine surgery
By Type of Indication
- Degenerative Disc Disease
- Complex Deformity
- Traumas & Fractures
- Specialty Clinics
- Hospitals & Ambulatory Surgery Centers
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Market Dynamics of Spinal Fusion Devices services:
Increasing the number of invasive surgeries related to injuries happened during accident or trauma cases as well as increasing the ageing population around the globe is some important factor driving the growth of spinal fusion devices market. According to the WHO, every year between 250 000 and 500 000 people across the world suffer from the spinal cord injury (SCI). The proportion of traumatic causes is up to 90%, an estimated annual global incidence is 40 to 80 cases per million populations whereas the non-traumatic spinal cord injury is also growing at potentially higher rate. However, the government strict rule and regulations regarding the approval of the new devices, inappropriate access to assistive devices which reduces functional limitations and dependency as well as required high skilled healthcare professionals and specialized knowledge medical care and rehabilitation services are responsible to hamper the growth of the spinal fusion devices market.
According to WHO, improper access to the assistive devices has shown in the low and middle income countries only 5-15% of people access to the devices. Moreover growing prevalence of new technologically advanced devices like robotic surgery devices, 3D printed spinal devices, nanotechnology PEEK devices etc. for the treatment of back pain and spinal cord injuries has created huge opportunity for the growth of spinal fusion devices market during the forecast period. For instance in 2018, the Food and Drug Administration (FDA) of the U.S. had been cleared new surgeon inspired 3d printing device for lumbar fusion whereas recently in 2019, Spine Surgeons had been performed world’s first lumbar interbody fusion surgery with newly FDA cleared 3d printed Aries L type titanium spinal implant. Since then the FDA have been cleared many innovative devices for the spinal fusion procedure.
In 2018, the treatment of thoraco-lumbar instabilities Eden Spine’s Sphynx plating system has been granted by FDA which was made of titanium and can be implanted via the antero-lateral approach.
Spinal Fusion Devices Market Regional Analysis:
North America is dominating the spinal fusion devices market with the potential rate due to presence of aging population and advanced technology devices like nanotech devices, 3D printing etc. For instance, on 18 July, 2018 the first nanotechnology device granted by FDA for spinal intervertebral fusion for polyetheretherketone (PEEK) spinal interbody fusion device with a PEEK plus nanotextured surface by Vallum Corporation in the U.S. country. According to the World Health Organization (WHO), America has more than 50% of the aging population estimated to about 1.2 million and is expected to rise up to 1.9 Million by 2030.
Europe is the second-largest region for dominating the growth of spinal fusion devices due to rise in the medical devices sale for the treatment of various diseases including back pain and other spinal related diseases. According to the European Commission, the economy has gained EURO 110 billion in sales of medical devices and provided around 675,000 jobs in Europe.
The Asia Pacific is expected to emerge as the fastest-growing regional market due to rapidly increasing the prevalence of road accident cases and rising geriatric population in this region. The growth for the spinal fusion devices market is more probable in the developing countries including India and China as huge population in this region contributing world’s 60% population according to the WHO in 2018 accounting for around 4.54 billion people.
On Special Requirement Spinal Fusion Devices Market Report is also available for below Regions and Country:
- Rest of Europe
- South Korea
- Rest Of APAC
- Rest of South America
Middle East and Africa
- Saudi Arabia
- South Africa
- Rest Of MEA
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of the market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are the main factors responsible for new product launches?
- How big are the global & regional markets in terms of revenue, sales, and production?
- How far will the market grow in the forecast period in terms of revenue, sales, and production?
- Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
- How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
- Which region has more opportunities?
Key Benefits for Spinal Fusion Devices Market Reports
- Global spinal fusion devices market report covers in depth historical and forecast analysis.
- Global Spinal Fusion Devices Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
- Global spinal fusion devices market report helps to identify opportunities in market place.
- Global spinal fusion devices market report covers extensive analysis of emerging trends and competitive landscape.
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