Spinal Fusion Devices Market

Global Spinal Fusion Devices Market Size (2024 to 2029)

The size of the global spinal fusion devices market is expected to grow at a CAGR of 5.12% from 2024 to 2029 and be worth USD 6.42 billion in 2024 and USD 8.24 billion by 2029.

Spinal fusion is a surgical treatment that involves fusing two or more vertebrae to prevent them from moving. The surgery is advised to treat pain caused by improper vertebral mobility. Although the technique is most typically used to treat the lumbar region, it can also treat the cervical and thoracic vertebrae in cases of accident damage or to relieve pressure on the nerves. Degenerative disc disease, spinal tumor, spondylosis, and vertebral fracture are other disorders for orthopedic surgeons to propose spinal fusion.

MARKET DRIVERS

The growing aging population across the globe is fuelling the global spinal fusion devices market growth.

Due to the lower birth rates and longer life expectancies, the global population is rapidly aging. The aging population's demographic trend drives the growing need for therapy for old age-related spine problems. In addition, physiological changes and long-term exposure to risk factors raise the likelihood of developing spine diseases, necessitating surgery. As a result, the market under consideration may be primarily driven by the aging population and the rise in spine diseases. In addition, increased spine pain and other disorders have come from increased vehicle accidents, sedentary lifestyles, and inconsistent exercise.

Minimally invasive procedures have grown in popularity since they are less unpleasant and allow for faster recovery. Surgeons choose MIS over open surgery for various reasons, including less pain, a shorter recovery time, and minor tissue injury. Although surgeons now use a traditional approach to surgery, increasing doctors' and patients' understanding of minimally invasive techniques is estimated to accelerate market growth in the near future. Cervical fixation devices, thoracolumbar fixation devices, interbody devices, and biologics are all spine fusion devices. The other key drivers for the market's growth include rising demand for cervical and thoracolumbar devices and advancements in interbody devices. For example, the FDA granted Stryker 510(k) approval for the SAHARA Lateral 3D Expandable Interbody System, a 3D-printed spine fusion implant.

 MARKET RESTRAINTS

However, the growth of the global spinal fusion devices market is projected to be limited by unfavorable reimbursement scenarios and complex regulatory approval procedures for these devices. Furthermore, difficulties that can occur include infection, bleeding, and anesthesia complications, as they would be with any surgery. In addition, any form of nerve injury is another possible consequence of low back spinal fusion surgery.

Impact of COVID-19 on the global spinal fusion devices market

The COVID-19 pandemic has had a significant influence on practically every business. The market for spinal fusion devices, like other healthcare markets, has been severely impacted. COVID-19 has resulted in elective surgeries being postponed or deferred, a drop in sales, and a slowed growth rate, among other things. The demand for spinal fusion devices and equipment has declined significantly as surgical procedures have decreased. The COVID-19 pandemic has had a significant impact on expanding the number of markets, and the outbreak's immediate consequences are diverse. While demand in a few businesses has decreased, a wealth of other industries may continue to prosper and give expansion opportunities. Initially, the global COVID-19 outbreak and lockdown situation in some countries presented some challenges on the market, owing to a moratorium on orthopedic services by hospitals and clinics to prevent the spread of the COVID-19 virus, as well as the tremendous pressure on hospitals to provide services to COVID-19 patients, which has been inhibiting hospitals and clinics.

REPORT COVERAGE

SEGMENTAL ANALYSIS 

Global Spinal Fusion Devices Market Analysis By Product

Based on the product, the lumbar fusion segment is expected to grow at a healthy rate during the forecast period. Lumbar fusion is a complicated procedure that needs the placement of screws between the united vertebrae. After that, the bone graft is put around the screws. Titanium screws are utilized during this procedure, and they are usually left in place for the rest of one's life. These procedures are more dangerous than basic laminectomies or discectomies. After this treatment, the recovery time is usually lengthier, and the operating time might range from four to eight hours. It has been discovered that developing countries, such as India, provide advanced medical services at the most affordable prices.

Global Spinal Fusion Devices Market Analysis By Disease Type

In 2024, the degenerative disc segment dominated the market for spinal fusion devices. The segment is predicted to be driven by growing reasons for lower back and neck discomfort in adults and an increase in the senior population. In addition, the growth of sports and daily activities is predicted to contribute to segment expansion.

Global Spinal Fusion Devices Market Analysis By Surgery

Because minimally invasive spine surgery is the preferred method for spinal fusion surgeries, it led the market for spinal fusion devices in 2024, accounting for 69.0 percent of total revenues.

Global Spinal Fusion Devices Market Analysis By End-User

In 2024, hospitals dominated the market for spinal fusion devices. One of the elements propelling the market is the increasing number of spine procedures conducted in hospitals. In addition, in emerging countries like India, growing government measures to improve healthcare infrastructure and expand the middle-class population result in increased demand for excellent healthcare services offered by hospitals, helping the segment grow.

REGIONAL ANALYSIS 

Geographically, the North American regional market dominated the global spinal fusion devices market in 2022. The growing geriatric population, the rise in spinal disorders, and sports injuries and fatal accidents are all driving up demand for spinal fusion devices in North America. Furthermore, the rising rate of spine surgery in the US has been well documented. Technological advancements, senior patients anticipating better levels of function, and reimbursement structures that promote sophisticated fusion surgery have all contributed to the expansion of the spinal surgery industry in the United States.

The market for spinal fusion devices in the Asia Pacific is predicted to increase rapidly over the forecast period. The increase can be ascribed to a rise in medical tourism and government measures. Furthermore, the region's growing target population raises the risk of spinal diseases and joint problems. Over the forecast period, the market for spinal fusion devices in India is expected to rise at a healthy rate. Increased medical tourism to India for spinal fusion operations is blamed for the growth.

KEY PLAYERS IN THE GLOBAL SPINAL FUSION DEVICES MARKET

A few of the prominent companies operating in the global spinal fusion devices market profiled in this report are Stryker Corporation, Medtronic, Zimmer Biomet, Depuy Synthes Companies, Globus Medical, B. Braun Aesculap, Nuvasive, K2M, MicroPort, Orthofix International N.V., Alphatec Spine, Integra LifeSciences, Invibio, and Weigao Orthopaedic.

RECENT HAPPENINGS IN THIS MARKET

• The FDA granted Spineology Inc.'s unique Spineology Interbody Fusion System, OptiMesh Expandable Interbody Fusion System, in September 2020.
• Medtronic (Ireland) bought Stimgenics, a privately held firm based in the United States that pioneered a revolutionary spinal cord stimulation technique, in 2020. (SCS).
• LimiFlex with decompression for patients with degenerative spondylolisthesis and lumbar spine stenosis will be available in February 2021, according to Empirical Spine Inc.

DETAILED SEGMENTATION OF THE GLOBAL SPINA FUSION DEVICES MARKET INCLUDED IN THIS REPORT

This research report on the global spinal fusion devices market has been segmented and sub-segmented based on surgery, product, end-user, disease & region

By Product

• Thoracolumbar Devices    
  • Lumbar fusion
  • Pedicle Screws and Rods
  • Others
• Cervical Fixation Devices  
  • Anterior Cervical Plates
  • Hook Fixation Systems
  • Others
• Interbody Fusion Devices

By Disease Type

• Degenerative Disc
• Complex Deformity
• Trauma & Fractures
• Others

By Surgery

• Open spine surgery

• Minimally Invasive Spine Surgery

By End-User

• Hospitals
• Specialty Clinics
• Others

By Region

• North America
• Asia Pacific
• Europe
• Latin America
• The Middle East and Africa