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The Global Spinal Surgery Devices Market is expected to grow at a significant CAGR of 5.65% from 2023 to 2028

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The Global Spinal Surgery Devices Market is expected to grow at a significant CAGR of 5.65% from 2023 to 2028

February 13
16:56 2024
The Global Spinal Surgery Devices Market is expected to grow at a significant CAGR of 5.65% from 2023 to 2028

As a result, the spinal surgery devices market is poised for substantial growth in the coming years. Some of the leading players in the market include Medtronic, Johnson & Johnson, Stryker, NuVasive, Zimmer Biomet, Globus Medical, Inc., Alphatec Spine, Inc., Orthofix Holdings, Inc., RTI Surgical Holdings, Ulrich GmbH & Co. KG, B. Braun Melsungen AG, Seaspine Holdings Corporation, and others.

 

DelveInsight’s “Spinal Surgery Devices Market Insight, Competitive Landscape, and Market Forecast 2028” research report provides the current and forecasted Spinal Surgery Devices market size, share, and trends analysis for the next five years. Moreover, it highlights the ongoing innovations in the segment, major market drivers & barriers, key competitors, and emerging devices in the domain.

 

Spinal Surgery Devices Market: Overview

Spinal surgery devices are medical instruments and equipment used during surgical procedures on the spine to treat various spinal conditions and disorders. These devices are essential tools that help surgeons access the spine, stabilize it, correct deformities, and promote healing. 

 

Types of Spinal Surgery Devices:

  • Implants: These are permanent devices placed within the spine to provide stability, such as spinal fusion implants, interbody cages, and pedicle screws.
  • Navigation Systems: These advanced technologies assist surgeons in planning and executing precise spinal procedures by providing real-time imaging and guidance.
  • Surgical Instruments: These include a wide range of tools like retractors, drills, and microscopes, which help surgeons access and work on the spine effectively.
  • Biologics: These are substances like bone grafts or synthetic materials used to promote bone growth and fusion during spinal surgery.
  • Orthopedic Hardware: Devices like plates and rods are used to stabilize the spine and correct deformities in conditions like scoliosis.

 

Spinal surgery devices find critical applications across a spectrum of spinal conditions and disorders, revolutionizing the treatment landscape. One primary application lies in herniated disc repair, where these devices enable surgeons to remove or repair damaged discs with precision, alleviating pain and restoring spinal functionality. Additionally, spinal surgery devices play a pivotal role in spinal fusion procedures, utilizing implants and bone grafts to stabilize the spine and promote fusion, particularly in cases of degenerative disc disease.

 

Furthermore, these devices are instrumental in the correction of conditions like scoliosis, offering orthopedic hardware that aids in realigning and stabilizing the spine to correct abnormal curvature. Patients with vertebral fractures, often linked to osteoporosis, benefit from spinal surgery devices as they provide stability to fractured vertebrae, reducing pain and enhancing mobility. For those facing the challenge of spinal tumors, navigation systems, and precision instruments facilitate tumor removal while preserving vital healthy tissue. Lastly, spinal surgery devices help alleviate symptoms in individuals with spinal stenosis by creating more space in the spinal canal, relieving pressure on nerves, and improving their quality of life. In essence, these devices are indispensable in the diagnosis and treatment of a wide range of spinal conditions, enhancing patient outcomes and overall quality of life.

 

To provide a better understanding of the market dynamics, DelveInsight’s “Spinal Surgery Devices Market” report provides a detailed assessment by product type (thoracic fusion and lumbar fusion devices [posterior and interbody]), (cervical fusion devices [anterior, and posterior]), spine biologics, vertebral compression fracture treatment devices, spinal decompression devices, spinal bone stimulators), non-fusion devices ([dynamic stabilization devices, artificial discs, annulus repair discs, and nuclear disc prosthesis]), by technology (spinal fusion & fixation, vertebral compression fracture treatment, spinal decompression, motion preservation), by surgery type (open surgery and minimally invasive surgery), and end-user (hospitals, specialty clinics, and ambulatory surgical centers).

 

In the spinal surgery devices market, the posterior lumbar fusion devices segment is poised for significant revenue growth. This is attributed to the increasing availability of advanced products, a surge in product launches and approvals, and the numerous benefits associated with posterior lumbar fusion devices. These devices offer technological advantages like improved mechanical stability, optimized sagittal parameters, and enhanced fusion potential. Moreover, they provide a minimally invasive approach that requires only two small incisions, potentially reducing the need for disrupting back muscles. Additionally, these devices are known for their ability to minimize blood loss and post-surgical incisional pain, making them a preferred choice in the market.

 

Spinal Surgery Devices Market Analysis

A prominent driving force behind the growth of the spinal surgery devices market is the escalating incidence of permanent or temporary disabilities, primarily attributable to the surging rate of road accidents resulting in spinal cord injuries. Additionally, the market is further propelled by the increasing frequency of workplace injuries, contributing to the expanding landscape of spinal surgery device applications. This uptrend underscores the critical role these devices play in addressing the consequences of traumatic events and occupational hazards, reinforcing their significance in healthcare and patient rehabilitation.

 

The growing acceptance of minimally invasive medical interventions, particularly laser-based spinal surgery procedures, is fueling the demand for technologically advanced laser spinal surgery devices. This trend not only underscores the current market dynamics but also presents promising opportunities for the future expansion of this segment. As patients and healthcare providers increasingly prioritize less invasive treatment options, the development and deployment of innovative laser spinal surgery devices become essential, ensuring improved patient outcomes, shorter recovery times, and enhanced overall surgical experiences. Consequently, the evolving landscape of minimally invasive techniques stands as a significant catalyst for the growth and evolution of laser spinal surgery devices in the healthcare domain.

 

Moreover, the consistent stream of new product introductions by prominent market players is exerting a substantial positive impact on the expansion of the spinal surgery devices sector. These ongoing efforts to innovate and bring cutting-edge solutions to the market not only reflect the industry’s commitment to advancement but also contribute significantly to meeting the evolving needs of healthcare professionals and patients alike. These new offerings, driven by technological advancements and refined design, enhance the overall quality of spinal surgeries, offering improved precision, safety, and outcomes. As such, the frequent launch of novel products emerges as a key driver in propelling the growth trajectory of the spinal surgery devices market.

 

Hence, the aforementioned factors, when taken into account collectively, are poised to exert a substantial influence on the trajectory of the global spinal surgery devices market over the forecast period spanning from 2023 to 2028. As innovation, technological advancements, and a growing need for effective spinal solutions continue to shape the healthcare landscape, the spinal surgery devices market stands as a dynamic and pivotal component in addressing these evolving demands.

 

Nevertheless, several challenges may hamper the growth of the spinal surgery devices market. Notably, the elevated cost associated with spinal surgery procedures and the devices used therein could present barriers to access and affordability for some patients and healthcare systems. Additionally, the potential adverse effects linked to spinal surgery devices must be vigilantly monitored and managed to ensure patient safety and satisfaction. 

 

Interested to know more about the ongoing developments in the market? Visit to get an in-depth insight @ Spinal Surgery Devices Types and Emerging Products

 

 

Global Spinal Surgery Devices Market Assessment and Forecast

Out of all the geographical regions, North America is poised to assert its dominance in the global spinal surgery devices market to maintain the leading position throughout the forecast period spanning from 2023 to 2028. This sustained dominance is attributed to several factors. North America boasts advanced healthcare infrastructure, a high prevalence of spinal disorders, and a robust presence of key market players actively engaged in research, development, and innovation within the field of spinal surgery devices. Moreover, the region’s proactive adoption of cutting-edge medical technologies continues to drive growth and reinforces its pivotal role in shaping the global landscape of spinal surgery device utilization.

 

Europe and the Asia-Pacific region are emerging as promising growth hubs for the global spinal surgery devices market. Several factors contribute to their future potential in this sector. In Europe, supportive government policies, including streamlined approval processes for new products and favorable reimbursement policies in various countries, are creating an environment conducive to market growth. Similarly, select Asian nations are experiencing these advantages, propelling the adoption of spinal surgery devices.

 

Furthermore, the availability of a diverse range of options within the market is boosting popularity and adoption rates in both regions. Patients and healthcare providers have access to a variety of advanced solutions, enhancing the overall quality of spinal surgical procedures. Additionally, the prevalence of spinal diseases in Europe is on the rise, making it one of the leading chronic health challenges. This surge in spinal conditions is driving the demand for spinal surgery devices as healthcare systems seek effective treatments and interventions to address this growing health concern. These collective factors underscore the potential growth and significance of Europe and the Asia-Pacific region in shaping the global landscape of spinal surgery device utilization.

 

Interested in knowing how the market will grow by 2028? Click to get a snapshot @ Spinal Surgery Devices Market Trends and Developments

 

Key Developments and Breakthroughs in Spinal Surgery Devices Market

Over the years, the Spinal Surgery Devices market has evolved significantly, owing to the active participation of the global MedTech companies and technological advancements in the domain. Similarly, several clinical, commercial, and regulatory developments have also been registered in the domain. Some of the major advancements in the Spinal Surgery Devices market in recent years include –

  • On October 3, 2023, Amber Implants, an innovative medical technology company developing next-generation implants for spinal injuries, announced the official start of the clinical trials for the VCFix Spinal System. This first-in-human clinical trial will assess the safety and effectiveness of the VCFix implant for patients suffering from vertebral compression fractures without bone cement. The implant is provided with a user-friendly, single-use sterile surgical kit, ensuring perfect traceability and reducing the risk of infection.

 

Learn more about major clinical and commercial development in the market @ Spinal Surgery Devices Market Clinical and Commercial Development Activities

 

Key Companies in the Spinal Surgery Devices Market

Globally, some of the leading MedTech giants working in the Spinal Surgery Devices market include Medtronic, Johnson & Johnson, Stryker, NuVasive, Zimmer Biomet, Globus Medical, Inc., Alphatec Spine, Inc., Orthofix Holdings, Inc., RTI Surgical Holdings, Ulrich GmbH & Co. KG, B. Braun Melsungen AG, Seaspine Holdings Corporation, and others. Due to increasing demand and favorable revenue generation prospects, several new entrants are expected to join the market, resulting in heightened competitiveness within the sector.

 

Learn how new players’ entries will transform the market dynamics in the coming years @ Spinal Surgery Device’s Competitive Landscape

 

Scope of the Spinal Surgery Devices Market Report:

  • Study Period – 2020-2028
  • Geography Covered – North America, Europe, Asia-Pacific, and Rest of the World
  • Spinal Surgery Devices Market Assessment 
  • By Product Type – Thoracic Fusion and Lumbar Fusion Devices (Posterior And Interbody), Cervical Fusion Devices (Anterior, and Posterior), Spine Biologics, Vertebral Compression Fracture Treatment Devices, Spinal Decompression Devices, Spinal Bone Stimulators), Non-Fusion Devices (Dynamic Stabilization Devices, Artificial Discs, Annulus Repair Discs, and Nuclear Disc Prosthesis)
  • By Technology – Spinal Fusion & Fixation, Vertebral Compression Fracture Treatment, Spinal Decompression, Motion Preservation
  • By Surgery Type – Open Surgery and Minimally Invasive Surgery
  • By End-User – Hospitals, Specialty Clinics, And Ambulatory Surgical Centers
  • Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL’s Views, Analyst’s Views

 

Table of Content

1. Spinal surgery Devices Market Report Introduction

2. Spinal surgery Devices Market Executive Summary

3. Regulatory Analysis

4. Spinal surgery Devices Market Key Factors Analysis

5. Spinal surgery Devices Market Porter’s Five Forces Analysis

6. COVID-19 Impact Analysis on Spinal surgery Devices Market

7. Spinal surgery Devices Market Layout

8. Spinal surgery Devices Market Company and Product Profiles

9. KOL Views

10. Project Approach

11. About DelveInsight

12. Disclaimer & Contact Us

 

Reach out to us to get a more detailed overview of the market and the key offerings of the report @ Spinal Surgery Devices Market Insights and Competitive Landscape

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