Spinal Implants and Surgery Devices Market Analysis, Size, Regional Outlook, Share, Trend, Growth, Analysis and Forecast Report 2027

The global spinal implants and surgery devices market is projected to be worth USD 14.70 Billion by 2027, according to a current analysis by Emergen Research. The spinal implants and surgical devices market is observing high demand attributed to the rising occurrence of spinal disorders. According to the statistics released by the World Health Organization (WHO), annually across the globe, the number of individuals who experience spinal cord injury lies in the range of 250 000 and 500 000. Such injuries are majorly due to avoidable causes, comprising falls, road accidents, or violence, and individuals experiencing the condition are highly likely to suffer from premature death than healthy individuals, and the survival rate of such patients worst in the low and middle-income economies. 

Key Highlights From The Report

In March 2019, RTI Surgical Holdings, Inc., a firm involved in surgical implant, made an announcement about the completion of the acquisition of Paradigm Spine, LLC, involved in non-fusion and motion preservation spinal implant technology.

Spine biologics are likely to grow at a significant rate in the forecast period, owing to the increasing demand for spine implants. These are deployed to accomplish arthrodesis during the treatment of symptomatic deformity/instability treatment.

Spine fusion finds widespread usage in the treatment of spine tumors, trauma, and degenerative disorders.

The key advantage of motion preservation spine surgery is in offering patients with major structural spinal issues a better substitute to spinal fusion that is a time-consuming procedure.

North America, led by the US, dominated the market in 2019. The spinal implants and surgery devices market dominance of North America is due to the rapid technological advancement and adoption in healthcare, growing geriatric population, and improved reimbursement policies to incentivize intricate fusion surgery in spinal implants.

Key participants include Stryker Corporation, RTI Surgical Inc., Nuvasive Inc., Zimmer Biomet Holdings Inc., Boston Scientific, Depuy Synthes, B. Braun Melsungen, Abbott Laboratories, Orthofix International NV, and Medtronic PLC, among others.

Product Type Outlook (Revenue, USD Billion; 2017-2027)

Thoracic Fusion & Lumbar Fusion Devices

Posterior

Interbody

Cervical Fusion Devices

Anterior

Posterior

Spine Biologics

Vertebral Compression Fracture Treatment Devices

Spinal Decompression Devices

Spine Bone Stimulators

Invasive

Non-Invasive

Non-Fusion Devices

Dynamic Stabilization Devices

Artificial Discs

Annulus Repair Devices

Nuclear Disc Prostheses

Technology Outlook (Revenue, USD Billion; 2017-2027)

Spinal Fusion & Fixation

Vertebral Compression Fracture Treatment

Spinal Decompression

Motion Preservation

Surgery Type Outlook (Revenue, USD Billion; 2017-2027)

Open Surgery

Minimally Invasive Surgery

End-User Outlook (Revenue, USD Billion; 2017-2027)

Hospitals

Specialty Clinics

Ambulatory Surgical Centers

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