PUBLISHER: iData Research Inc. | PRODUCT CODE: 1752810
PUBLISHER: iData Research Inc. | PRODUCT CODE: 1752810
Overall, the U.S. spinal implant and VCF market was valued at $6.4 billion in 2023. This is expected to increase over the forecast period at a CAGR of 1.5% to reach $7.1 billion. Since COVID-19, the spinal implant and VCF market has grown year over year, as it once did prior to the pandemic.
Currently, the top competitors within the U.S. spinal implants market are Medtronic and DePuy Synthes. Medtronic led the total U.S. spinal implant and vertebral compression fracture (VCF) market in 2023.
Throughout this medical market research, we analyzed over 60 spinal implant companies in the U.S. and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, procedure volumes, and to create accurate forecasts.
Minimally Invasive Surgery (MIS) and motion preservation devices are reshaping the conventional spine surgery landscape. Offering significant advantages like quicker recovery times, these methods are increasingly seen as both cost-effective and efficient from a healthcare perspective. The cervical artificial disc (CAD) segment is witnessing significant growth, contrasting with the lumbar artificial disc segment, which has not lived up to expectations. Additionally, the interbody segment is notably influenced by the strides in minimally invasive surgical technologies within the market.
In 2023, Medtronic emerged as a leader in the U.S. spinal implant and VCF market, securing top positions in numerous segments, particularly in cervical fixation, TL fixation, interbody devices, and vertebral compression fractures. Their comprehensive market presence was only absent in the electrical stimulation segment.
Following closely, DePuy Synthes captured the second-largest market share, showcasing strong competition against Medtronic in cervical fixation, TL fixation, and interbody devices. However, they did not compete in the motion preservation and electrical stimulation segments.
Other prominent players such as Stryker, ZimVie, Globus Medical, and NuVasive, along with various smaller firms, continue to influence the market landscape. These smaller competitors typically hold under 4% market share in their respective segments.
List of Figures
List of Charts
executive summary
U.S. Spinal Implant and VCF Market Overview
Competitive Analysis
Market Developments
Procedures Included
Procedure Codes Investigated
Markets Included
Key Report Updates
Version History
research methodology
impact of covid-19 on THE U.S. Spinal Implant and VCF Market
Disease overview
Product Assessment
U.S. Spinal Implant and VCF Market Overview
Procedure Numbers
Cervical Fixation Market
Thoracolumbar Fixation Market
Interbody Device Market
Motion Preservation Device Market
Vertebral Compression Fracture Market
Electrical Stimulation Market
Spinal Surgery Instrumentation Market