세계의 척추 고정 기기 시장(2023-2030년)

Market Overview

The Global Spinal Fusion Devices Market size reached US$ 7,666.4 million in 2022 and is projected to witness lucrative growth by reaching up to US$ 10,827.4 million by 2030. The global spinal fusion devices market is exhibiting a CAGR of 4.5% during the forecast period (2023-2030).

Spinal fusion is typically performed to treat various spinal conditions, including degenerative disc disease, spinal stenosis, spinal fractures, scoliosis, and spinal instability. The procedure involves joining or fusing two or more adjacent vertebrae using implants or bone grafts to create a solid bone bridge between them.

The spinal fusion devices market is driven by factors such as the rising aging population and obese population, growing awareness and patient education, increasing prevalence of spinal disorders, technological advancements, and growing preference for minimally invasive procedures.

Market Dynamics

Increasing Prevalence of Spinal Disorders

The increasing prevalence of spinal disorders is the major factor driving the spinal fusion devices market share during the forecast period. The aging population, sedentary lifestyle, and obesity are the major factors leading to creating a chance for spinal fusion devices.

As the global population continues to age, the prevalence of spinal disorders is expected to rise. Age-related degenerative conditions, such as degenerative disc disease and spinal stenosis, become more common with advancing age. The degeneration of spinal structures, including discs, joints, and ligaments, can lead to pain, loss of mobility, and spinal instability.

The rising prevalence of obesity is strongly linked to an increased risk of spinal disorders. Excess weight places additional stress on the spine, leading to accelerated wear and tear of spinal structures and an increased likelihood of developing conditions such as degenerative disc disease and spinal osteoarthritis.

High Treatment Costs

High treatment costs are a significant restraint in the field of spinal fusion and can impact patients, healthcare systems, and the adoption of spinal fusion devices. Spinal fusion surgery is a complex procedure that involves a team of specialized healthcare professionals, advanced surgical equipment, and postoperative care. The cost of the surgery includes expenses related to the operating room, anesthesia, surgeon fees, hospital stay, and rehabilitation.

These costs can vary depending on factors such as the complexity of the procedure, the location of the healthcare facility, and the patient's specific needs. The development of new spinal fusion devices and technologies involves significant research and development efforts, which can contribute to higher treatment costs. These costs are often passed on to patients and healthcare systems.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a significant impact on the spinal fusion devices market. Spinal surgeons and healthcare professionals involved in spinal fusion procedures were redirected to COVID-19-related activities, including patient care, research, and vaccination efforts. This shift in priorities and resources could have resulted in a decrease in spinal fusion surgeries and a temporary slowdown in the adoption of new devices or technologies.

Patients were hesitant to undergo elective surgeries during the pandemic due to concerns about contracting the virus in healthcare settings or the perceived risk associated with hospitalization and postoperative care. This reluctance to undergo spinal fusion procedures may have further contributed to the decline in demand for spinal fusion devices.

As vaccination efforts progress and healthcare systems recover from the pandemic's impact, there is expected to be a backlog of deferred spinal fusion surgeries. This pent-up demand, coupled with the resumption of elective surgeries, could lead to a rebound in the demand for spinal fusion devices in the post-pandemic period.

Russia-Ukraine Conflict Analysis

The Russia-Ukraine conflict significantly impacted the spinal fusion devices market. The conflict can have significant economic consequences, including currency fluctuations, inflation, and reduced purchasing power. These economic factors can influence healthcare budgets, potentially leading to reduced spending on medical devices, including spinal fusion devices.

The conflict can disrupt the supply chain of medical devices, including spinal fusion devices. Both countries play a significant role in the manufacturing and distribution of healthcare products. Any disruptions in transportation routes, border closures, or political tensions can lead to delays or interruptions in the availability of spinal fusion devices.

Segment Analysis

The global spinal fusion devices market is segmented based on product type, procedure location, application, end-user, and region.

Based on the Product Type, the Pedicle Screws Segment is Expected to Dominate the Market Share

Based on the product type, the pedicle screw segment is expected to dominate the market share accounting for 46.4% during the forecast period. Pedicle screws are widely used in spinal fusion surgeries to provide stability and support during the fusion process. Pedicle screws offer excellent stability by anchoring into the pedicles, which are bony protrusions on the vertebrae. This stability helps maintain proper alignment of the spine during the fusion process and promotes successful fusion.

Minimally invasive spinal fusion procedures have gained popularity due to their potential benefits, including smaller incisions, reduced muscle damage, and faster recovery. Pedicle screws are an essential component of minimally invasive approaches, enabling surgeons to achieve spinal fusion with less tissue disruption.

Geographical Analysis

North America Holds The Largest Market Share Of 38.5% Due To The Rising Prevalence Of Spinal Disorders And The Presence Of Major Players

North America holds the largest market share during the forecast period due to the rising prevalence of spinal disorders and the presence of major players. North America has a high prevalence of spinal disorders, including degenerative disc disease, herniated discs, and spinal stenosis. These conditions can cause severe pain and mobility issues, leading to the need for spinal fusion procedures. The increasing prevalence of these disorders drives the demand for spinal fusion devices in the region.

The presence of major players in this region, like Merck KGaA, Harvard Bioscience Inc. (BTX), Thermo Fisher Scientific, Inc., Bio-Rad Laboratories., and Lonza Group, are expected to boost the growth of the market over the forecast period.

Competitive Landscape

The major global players in the market include: Medtronic plc, Johnson & Johnson, Stryker Corporation, NuVasive Inc., Zimmer Biomet Holdings Inc., Globus Medical Inc., Spinal Elements Inc., Xtant Medical Holdings Inc., RTI Surgical Inc., and ATEC spine Inc.

Why Purchase the Report?

• To visualize the global spinal fusion devices market segmentation based on product type, procedure location, application, end-user, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of spinal fusion devices market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global spinal fusion devices market report would provide approximately 54 tables, 46 figures, and 195 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Table of Contents

1. Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

• 3.1. Snippet by Product Type
• 3.2. Snippet by Procedure Location
• 3.3. Snippet by Application
• 3.4. Snippet by End-User
• 3.5. Snippet by Region

4. Dynamics

• 4.1. Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Increasing prevalence of spinal disorders
    • 4.1.1.2. Increasing demand for minimally invasive procedures
  • 4.1.2. Restraints
    • 4.1.2.1. High treatment costs
    • 4.1.2.2. Availability of alternative treatment options
  • 4.1.3. Opportunity
    • 4.1.3.1. Advancements in surgical techniques
  • 4.1.4. Impact Analysis

5. Industry Analysis

• 5.1. Porter's 5 Forces Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory Analysis

6. COVID-19 Analysis

• 6.1. Analysis of COVID-19
  • 6.1.1. Scenario Before COVID-19
  • 6.1.2. Scenario During COVID-19
  • 6.1.3. Scenario Post COVID-19
• 6.2. Pricing Dynamics Amid COVID-19
• 6.3. Demand-Supply Spectrum
• 6.4. Government Initiatives Related to the Market During the Pandemic
• 6.5. Manufacturer's Strategic Initiatives
• 6.6. Conclusion

7. By Product Type

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
  • 7.1.2. Market Attractiveness Index, By Product Type
• 7.2. Pedicle Screws*
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3. Plates
• 7.4. Bone grafts
• 7.5. Spinal fusion stimulators
• 7.6. Others

8. By Procedure Location

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Procedure Location
  • 8.1.2. Market Attractiveness Index, By Procedure Location
• 8.2. Cervical spinal fusion devices*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Lumbar spinal fusion devices
• 8.4. Thoracic spinal fusion devices
• 8.5. Others

9. By Application

• 9.1. Introduction
  • 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 9.1.2. Market Attractiveness Index, By Application
• 9.2. Degenerative Disk Disease*
  • 9.2.1. Introduction
  • 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 9.3. Spondylolisthesis
• 9.4. Spinal stenosis
• 9.5. Scoliosis
• 9.6. Spinal trauma
• 9.7. Tumors
• 9.8. Others

10. By End-User

• 10.1. Introduction
  • 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 10.1.2. Market Attractiveness Index, By End-User
• 10.2. Hospitals*
  • 10.2.1. Introduction
  • 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 10.3. Ambulatory surgical clinics
• 10.4. Specialty clinics
• 10.5. Others

11. By Region

• 11.1. Introduction
  • 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
  • 11.1.2. Market Attractiveness Index, By Region
• 11.2. North America
  • 11.2.1. Introduction
  • 11.2.2. Key Region-Specific Dynamics
  • 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
  • 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Procedure Location
  • 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 11.2.7.1. The U.S.
    • 11.2.7.2. Canada
    • 11.2.7.3. Mexico
• 11.3. Europe
  • 11.3.1. Introduction
  • 11.3.2. Key Region-Specific Dynamics
  • 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
  • 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Procedure Location
  • 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 11.3.7.1. Germany
    • 11.3.7.2. The UK
    • 11.3.7.3. France
    • 11.3.7.4. Italy
    • 11.3.7.5. Spain
    • 11.3.7.6. Rest of Europe
• 11.4. South America
  • 11.4.1. Introduction
  • 11.4.2. Key Region-Specific Dynamics
  • 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
  • 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Procedure Location
  • 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 11.4.7.1. Brazil
    • 11.4.7.2. Argentina
    • 11.4.7.3. Rest of South America
• 11.5. Asia-Pacific
  • 11.5.1. Introduction
  • 11.5.2. Key Region-Specific Dynamics
  • 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
  • 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Procedure Location
  • 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 11.5.7.1. China
    • 11.5.7.2. India
    • 11.5.7.3. Japan
    • 11.5.7.4. Australia
    • 11.5.7.5. Rest of Asia-Pacific
• 11.6. Middle East and Africa
  • 11.6.1. Introduction
  • 11.6.2. Key Region-Specific Dynamics
  • 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Product Type
  • 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Procedure Location
  • 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
  • 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

12. Competitive Landscape

• 12.1. Competitive Scenario
• 12.2. Market Positioning/Share Analysis
• 12.3. Mergers and Acquisitions Analysis

13. Company Profiles

• 13.1. Medtronic plc*
  • 13.1.1. Company Overview
  • 13.1.2. Product Portfolio and Description
  • 13.1.3. Financial Overview
  • 13.1.4. Key Developments
• 13.2. Johnson & Johnson
• 13.3. Stryker Corporation
• 13.4. NuVasive Inc.
• 13.5. Zimmer Biomet Holdings Inc.
• 13.6. Globus Medical Inc.
• 13.7. Spinal Elements Inc.
• 13.8. Xtant Medical Holdings Inc.
• 13.9. RTI Surgical Inc.
• 13.10. ATEC spine Inc.

LIST NOT EXHAUSTIVE

14. Appendix

• 14.1. About Us and Services
• 14.2. Contact Us