PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762323
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1762323
The Spinal implants market size is expected to reach USD 19.99 billion by 2034, according to a new study by Polaris Market Research. The report "Spinal Implants Market Share, Size, Trends, Industry Analysis Report: By Product Type (Spinal Fusion Devices, Non-Fusion Devices, Spine Biologics, and Others), By Material, By Procedure, By End User, and By Region; Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Spinal implants are medical devices used to support and stabilize the spine during or after spinal surgery, often to treat conditions such as fractures, deformities, and degenerative disc diseases.
Rising preference for minimally invasive surgeries is driving the spinal implants market growth. Minimally invasive spine surgeries are becoming more popular due to their many advantages over traditional open surgeries. These procedures use smaller incisions, which leads to less tissue damage, reduced blood loss, quicker recovery, and shorter hospital stays. As a result, patients often experience less pain and return to normal activities faster. This growing preference for minimally invasive techniques has increased the demand for specialized spinal implants that are compatible with such procedures. Surgeons and hospitals are also favoring this approach because it improves efficiency and patient satisfaction. Overall, this trend is contributing significantly to the growth of the market.
Higher healthcare spending by both governments and private sectors is helping expand access to advanced spinal treatments. This increase in investments has led to improved hospital infrastructure, better surgical equipment, and wider availability of skilled healthcare professionals. As a result, more patients can afford complex procedures such as spinal implant surgeries. Countries with growing economies are especially seeing a rise in spinal surgeries as healthcare budgets expand and insurance coverage improves. With more funding available for research, development, and training, the quality of spinal care is improving, and the demand for innovative implant solutions continues to grow steadily worldwide.
In 2024, the spinal fusion segment dominated the spinal implants market share, since spinal fusion surgeries are commonly performed to treat various spinal conditions such as degenerative disc disease, spondylolisthesis, and fractures.
The minimally invasive surgery segment is expected to witness significant growth during the forecast period as minimally invasive surgeries are associated with less tissue damage, reduced blood loss, and faster recovery times compared to traditional open surgeries.
In 2024, North America dominated the market due to the increasing prevalence of spinal disorders and injuries in the region, which has led to a growing demand for advanced spinal implant technologies.
Asia Pacific is expected to record the highest CAGR during the forecast period due to a rising elderly population, increasing cases of spinal disorders, and growing awareness of advanced treatment options.
A few global key market players are Alphatec; Braun Melsungen AG; Globus Medical; Johnson & Johnson Services, Inc.; Medtronic Plc; NuVasive, Inc.; Orthofix Medical Inc.; Spinal Simplicity; Stryker Corporation; and Ulrich Medical.
Polaris Market Research has segmented the spinal implants market report on the basis of product type, material, procedure, end user, and region:
By Product Type Outlook (Revenue, USD Billion; 2020-2034)
Spinal Fusion Devices
Thoracic Fusion & Lumbar Fusion Devices
Cervical Fusion Devices
Expandable Fusion Cages
Others
Non-Fusion Devices
Dynamic Stabilization Devices
Artificial Discs
Annulus Repair Devices
Nuclear Disc Prostheses
Others
Spine Biologics
Others
By Material Outlook (Revenue, USD Billion; 2020-2034)
Metallic Material
Polymers Material
Ceramic Material
Others
By Procedure Outlook (Revenue, USD Billion; 2020-2034)
Open Surgery
Minimally Invasive Surgery
By End User Outlook (Revenue, USD Billion; 2020-2034)
Hospitals
Orthopedic Centers
Others
By Regional Outlook (Revenue, USD Billion; 2020-2034)
North America
US
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia
Rest of Asia Pacific
Latin America
Argentina
Brazil
Mexico
Rest of Latin America
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Rest of Middle East & Africa