Spinal Fusion Device Market Size - By Product Type (Thoracolumbar Devices, Cervical Fixation Devices, Interbody Fusion Devices), Disease Type (Degenerative Disc, Trauma & Fractures), Surgery, Material Type, End-use & Global Forecast, 2024

Description

Global Spinal Fusion Device Market size will grow at a 4.6% CAGR from 2024 to 2032 due to the growing number of spinal fusion surgeries worldwide and continuous innovations in spinal fusion devices. Surgeons' increasing reliance on these devices for treating various spinal conditions, combined with advancements such as minimally invasive techniques and biocompatible materials, creates a strong market demand. As healthcare providers seek improved patient outcomes and efficiency, the spinal fusion device industry will expand significantly, offering a wide range of solutions to meet evolving surgical needs.

For instance, in October 2023, NovApproach Spine introduced the OneLIF(TM) interbody spinal fusion device, featuring a single cage for three lumbar spine approaches: anterior lumbar interbody fusion (ALIF), the lateralATP(TM) approach, and the supineATP(R) approach, streamlining surgical options for surgeons.

The spinal fusion device industry is classified based on product type, disease type, surgery, material type, end-use, and region.

The cervical fixation devices segment will undergo a significant uptick between 2024 and 2032, attributed to the crucial role of cervical fixation devices in treating cervical spine disorders such as degenerative disc diseases and herniated discs. These devices provide stability and support for the cervical spine during fusion procedures. With an increasing number of patients seeking treatment for cervical spine issues globally, the demand for cervical fixation devices will rise, making this segment a growth contributor in the spinal fusion device market share.

The trauma and fractures segment will experience substantial growth by 2032, driven by the increasing product uptake for spinal fusion procedures due to traumatic injuries and fractures. Spinal fusion devices play a crucial role in stabilizing the spine after such incidents, thus aiding in the healing process. As the incidence of traumatic injuries rises globally, especially in sports and accidents, the trauma and fractures segment will dominate the market, providing essential tools for spinal stabilization and recovery.

Asia Pacific spinal fusion device industry will exhibit a substantial CAGR from 2024 to 2032, owing to the region's growing aging population, rising prevalence of spinal disorders, and expanding healthcare infrastructure. Countries like China and India exhibit a high demand for spinal fusion devices. With increasing adoption of advanced medical technologies and government initiatives, Asia Pacific will stand as a significant contributor to the global spinal fusion device industry, shaping its growth trajectory.

Product Code: 8294

Chapter 1 Methodology & Scope

1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Data collection
1.4 Forecast parameters
1.5 Data validation
1.6 Data sources
- 1.6.1 Primary
- 1.6.2 Secondary
  - 1.6.2.1 Paid sources
  - 1.6.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Industry 360 degree synopsis

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing prevalence of spinal diseases
  - 3.2.1.2 Technological advancements
  - 3.2.1.3 Rise in number of trauma and injury cases
  - 3.2.1.4 Rising geriatric population coupled with high demand for minimally invasive procedures
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 Stringent regulatory scenario
  - 3.2.2.2 High cost of spinal procedures
3.3 Growth potential analysis
3.4 Regulatory landscape
3.5 Technological landscape
3.6 Reimbursement scenario
3.7 Porter's analysis
- 3.7.1 Supplier power
- 3.7.2 Buyer power
- 3.7.3 Threat of new entrants
- 3.7.4 Threat of substitutes
- 3.7.5 Industry rivalry
3.8 PESTEL analysis
3.9 Future market trends

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company matrix analysis
4.3 Company market share analysis
4.4 Competitive positioning matrix
4.5 Strategy dashboard

Chapter 5 Market Estimates and Forecast, By Product Type, 2018 - 2032 ($ Mn)

5.1 Key trends
5.2 Thoracolumbar devices
- 5.2.1 Anterior lumbar plates
- 5.2.2 Pedicle screw and rods
- 5.2.3 Other thoracolumbar devices
5.3 Cervical fixation devices
- 5.3.1 Anterior cervical plates
- 5.3.2 Hook fixation systems
- 5.3.3 Other cervical devices
5.4 Interbody fusion devices

Chapter 6 Market Estimates and Forecast, By Disease Type, 2018 - 2032 ($ Mn)

6.1 Key trends
6.2 Degenerative disc
6.3 Complex deformity
6.4 Trauma & fractures

Chapter 7 Market Estimates and Forecast, By Surgery, 2018 - 2032 ($ Mn)

7.1 Key trends
7.2 Open spine surgery
7.3 Minimally invasive spine surgery

Chapter 8 Market Estimates and Forecast, By Material Type, 2018 - 2032 ($ Mn)

8.1 Key trends
8.2 Metallic devices
8.3 Non-metallic devices

Chapter 9 Market Estimates and Forecast, By End-Use, 2018 - 2032 ($ Mn)

9.1 Key trends
9.2 Hospitals
9.3 Specialty clinics
9.4 Other end-users

Chapter 10 Market Estimates and Forecast, By Region, 2018 - 2032 ($ Mn)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 Japan
- 10.4.3 India
- 10.4.4 Australia
- 10.4.5 South Korea
- 10.4.6 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.5.4 Rest of Latin America
10.6 Middle East and Africa
- 10.6.1 Saudi Arabia
- 10.6.2 South Africa
- 10.6.3 UAE
- 10.6.4 Rest of Middle East and Africa

Chapter 11 Company Profiles

11.1 Alphatec Holdings, Inc.
11.2 B. Braun Melsungen AG
11.3 ChoiceSpine LLC
11.4 Globus Medical Inc.
11.5 Johnson& Johnson (Depuy Synthes)
11.6 Medtronic plc
11.7 NuVasive, Inc.
11.8 Orthofix Medical Inc.
11.9 SeaSpine Holdings Corporation
11.10 Stryker Corporation
11.11 ZimVie Inc.

Spinal Fusion Device Market Size - By Product Type (Thoracolumbar Devices, Cervical Fixation Devices, Interbody Fusion Devices), Disease Type (Degenerative Disc, Trauma & Fractures), Surgery, Material Type, End-use & Global Forecast, 2024 - 2032