Spinal Implants Market Size, Analysis, Share & Forecast 2031

Spinal Implants Market Size, Analysis, Share & Forecast 2031

Segments - Spinal Implants Market by Configuration (Spine Biologics [Synthetic Bone Grafts, BMP, DBM, Xenografts, and Allografts], Spinal Bone Stimulators, Vertebral Compression Fracture Treatment Devices, Non-Fusion Devices/Motion Preservation Devices, and Spinal Fusion Devices), Surgery (Minimally Invasive Surgery and Open Surgery), Procedure Types (Facetectomy, Corpectomy, Foraminotomy, Laminotomy, and Discectomy), Materials (Plastic, Stainless Steel, Titanium-Alloy, Titanium, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

https://growthmarketreports.com/raksha
Author : Raksha Sharma
https://growthmarketreports.com/Vineet
Fact-checked by : Vineet Pandey
https://growthmarketreports.com/Vishal
Editor : Vishal Golekar

Upcoming | Report ID :HC-4238 | 4.7 Rating | 65 Reviews | 198 Pages | Format : PDF Excel PPT

Report Description


The spinal implants market size was valued at USD 9093 million in 2021 and is projected to reach USD 13243 million by 2030, expanding at a CAGR of around 4.3% during the forecast period, 2022 – 2030. The growth of the market is attributed to increasing cases of spinal cord injuries.

Spinal Implants Market by Summary

Spinal implants are surgical devices that help doctors repair deformities, strengthen and stabilize the spine, and enable fusion. Fracture, spondylolisthesis, kyphosis, scoliosis, and degenerative disc disease, are all conditions treated by spinal implants. Implants are made of biocompatible or body-friendly materials that can provide maximum spine stability and strength. Non-fusion implants, on the other hand, are used in the lack of a bone graft.

In 2020, the global spread of the COVID-19 pandemic had a negative impact on the spinal implant market. During the early months of the pandemic, the medical device industry saw a large reduction in sales of spinal implant goods. To control spread of virus, the government in several countries announced lockdown. Several elective surgeries have also been halted or postponed indefinitely, allowing the facility to accommodate the maximum number of COVID-19 patients.

  • Growing prevalence of spondylosis among the elderly is expected to drive the demand for spinal implants during the forecast period.
  • Rising availability of specialized bone grafting products is projected to fuel the market during the projected period.
  • New developments in spinal surgery are estimated to boost the market.
  • The need for minimally invasive surgical techniques is increasing, which is expected to drive the market during the forecast period.
  • High cost of the treatment procedures is anticipated to hinder the market growth in the coming years.
  • Factors such as lack of certainty in reimbursement, strict compliances, and regulatory approval procedures are expected to hamper the market growth.
  • Increasing number of surgical centers and hospitals in emerging nations is projected to create immense opportunities for the market players during the projected period.

Scope of the Report

The report on the global spinal implants market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Spinal Implants Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022 – 2030

Segmentation

Configuration (Spine Biologics, Spinal Bone Stimulators, Vertebral Compression Fracture Treatment Devices, Non-Fusion Devices/Motion Preservation Devices, and Spinal Fusion Devices), Surgery (Minimally Invasive Surgery and Open Surgery), Procedure Types (Facetectomy, Corpectomy, Foraminotomy, Laminotomy, and Discectomy), Materials (Plastic, Stainless Steel, Titanium-Alloy, Titanium, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Integra LifeSciences Corporation; Life Spine Inc.; SpineFrontier Inc.; Lumitex Inc.; Aesculap Implant Systems LLC; Exactech Inc.; Premia Spine; Paradigm Spine; Reliance Medical Systems; Spineart; Centinel Spine LLC; Apollo Hospitals Enterprise Ltd.; Aesculap Inc.; Globus Medical Inc.; DePuy Synthes; NuVasive Inc.; Orthofix Holdings Inc.; Stryker; RTI Surgical Holdings Inc.; K2M Inc.; Alphatec Spine Inc.; Zimmer Biomet; and Medtronic.

Market Segment Insights

The spinal fusion devices segment accounted for a major market share in 2021

Based on configuration, the market is segregated into spine biologics, spinal bone stimulators, vertebral compression fracture treatment devices, non-fusion devices/motion preservation devices, and spinal fusion devices. The spine biologics segment is further segregated into synthetic bone grafts, BMP, DBM, xenografts, and allografts. The spinal fusion devices segment accounted for a major market share in 2021 owing to increasing number of spinal fusion surgeries. Growth of the segment is attributed to technological advancements in spine fusion surgeries with or without internal fixation. Furthermore, increased indications for spine fusions have led to the rising demand. Some of them are pseudarthrosis, spinal tumors, spondylolisthesis, degenerative deformity or congenital. The non-fusion segment, on the other hand, is a viable alternative to spinal fusion, which permanently joins two or more bones in the spine. The vertebral compression fracture treatment devices segment is projected to expand at a rapid pace during the forecast period, due to its widespread usage in minimally invasive surgeries. A vertebral compression fracture is the most prevalent consequence of osteoporosis. Autografts and allografts are two of the most widely used bone graft options for patients undergoing spinal fusion. Bone graft replacements are also commonly employed because they have minimal adverse effects while trying to replicate the benefits of donated bone.

Spinal Implants Market by Configuration

The minimally invasive surgery segment is projected to grow at a rapid pace during the forecast period

On the basis of surgery, the market is bifurcated into minimally invasive surgery (MIS) and open surgery. The minimally invasive surgery segment is projected to expand at a rapid pace during the forecast period owing to increasing adoption of MIS by patients and doctors. Spinal procedures are performed through small incisions with the use of modern tools. MIS has a lower risk of muscular and soft tissue injury than open surgery since the incisions are substantially smaller. MIS is computer-based and directed by superior navigation systems, thus has a higher level of accuracy.

The laminotomy segment held key market share in 2021

In terms of procedure types, the market is fragmented into facetectomy, corpectomy, foraminotomy, laminotomy, and discectomy. The laminotomy segment held key market share in 2021 because it is the most commonly performed spine treatment. The foraminotomy segment is estimated to expand at a high CAGR during the forecast period. Growth of the segment is attributed to increased adoption of MIS treatments among the patient population. This method is commonly used to treat pinched nerves and foraminal stenosis. The majority of patients benefit from this treatment, and foraminotomy consequences are rare.

Spinal Implants Market by Procedure Types

Titanium segment is projected to expand at a high CAGR during the forecast period

Based on materials, the market is divided into plastic, stainless steel, titanium-alloy, titanium, and others. The titanium segment is projected to expand at a high CAGR during the forecast period owing to introduction of advanced fusion technology. Titanium and its alloys have a similar elastic modulus to bone and have a higher strength than stainless steel. Furthermore, Ti-based alloys create fewer distortions in MRI and CT scans.

Asia Pacific is projected to dominate the market during the forecast period

On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is projected to dominate the market during the forecast period owing to increasing new cases of SCI in India and China. Japan has also led to a significant growth with their technologically advanced spine operations. Growth of the market in the region is attributed to growing senior population and an increase in traffic accidents.

Spinal Implants Market by Regions

Segments

The global spinal implants market has been segmented on the basis of

Configuration
  • Spine Biologics
    • Synthetic Bone Grafts
    • BMP
    • DBM
    • Xenografts
    • Allografts
  • Spinal Bone Stimulators
  • Vertebral Compression Fracture Treatment Devices
  • Non-Fusion Devices/Motion Preservation Devices
  • Spinal Fusion Devices
Surgery
  • Minimally Invasive Surgery
  • Open Surgery
Procedure Types
  • Facetectomy
  • Corpectomy
  • Foraminotomy
  • Laminotomy
  • Discectomy
Materials
  • Plastic
  • Stainless Steel
  • Titanium-Alloy
  • Titanium
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Integra LifeSciences Corporation
  • Life Spine Inc.
  • SpineFrontier Inc.
  • Lumitex Inc.
  • Aesculap Implant Systems LLC
  • Exactech Inc.
  • Premia Spine
  • Paradigm Spine
  • Reliance Medical Systems
  • Spineart
  • Centinel Spine LLC
  • Apollo Hospitals Enterprise Ltd.
  • Aesculap Inc.
  • Globus Medical Inc.
  • DePuy Synthes
  • NuVasive Inc.
  • Orthofix Holdings Inc.
  • Stryker
  • RTI Surgical Holdings Inc.
  • K2M Inc.
  • Alphatec Spine Inc.
  • Zimmer Biomet
  • Medtronic.

Competitive Landscape

Key players competing in the spinal implants market include Integra LifeSciences Corporation; Life Spine Inc.; SpineFrontier Inc.; Lumitex Inc.; Aesculap Implant Systems LLC; Exactech Inc.; Premia Spine; Paradigm Spine; Reliance Medical Systems; Spineart; Centinel Spine LLC; Apollo Hospitals Enterprise Ltd.; Aesculap Inc.; Globus Medical Inc.; DePuy Synthes; NuVasive Inc.; Orthofix Holdings Inc.; Stryker; RTI Surgical Holdings Inc.; K2M Inc.; Alphatec Spine Inc.; Zimmer Biomet; and Medtronic. Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years.

Spinal Implants Market by Key Players

Frequently Asked Questions

The spinal implants market size was valued at USD 9093 million in 2021.

The spinal implants market is projected to reach USD 13243 million by 2030.

The spinal implants market is projected to expand at a CAGR of around 4.3% during the forecast period, 2022 – 2030.

High cost of the treatment procedures is anticipated to hinder the market growth in the coming years.

Orthofix Holdings Inc.; Stryker; RTI Surgical Holdings Inc.; K2M Inc.; Alphatec Spine Inc.; Zimmer Biomet; and Medtronic are some of the top players in the market.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spinal Implants Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Spinal Implants Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Spinal Implants Market - Supply Chain
  4.5. Global Spinal Implants Market Forecast
     4.5.1. Spinal Implants Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Spinal Implants Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Spinal Implants Market Absolute $ Opportunity
5. Global Spinal Implants Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Spinal Implants Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Spinal Implants Demand Share Forecast, 2019-2026
6. North America Spinal Implants Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Spinal Implants Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Spinal Implants Demand Share Forecast, 2019-2026
7. Latin America Spinal Implants Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Spinal Implants Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Spinal Implants Demand Share Forecast, 2019-2026
8. Europe Spinal Implants Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Spinal Implants Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Spinal Implants Demand Share Forecast, 2019-2026
9. Asia Pacific Spinal Implants Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Spinal Implants Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Spinal Implants Demand Share Forecast, 2019-2026
10. Middle East & Africa Spinal Implants Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Spinal Implants Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Spinal Implants Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Spinal Implants Market: Market Share Analysis
  11.2. Spinal Implants Distributors and Customers
  11.3. Spinal Implants Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Integra LifeSciences Corporation
     11.4.2. Life Spine Inc.
     11.4.3. SpineFrontier Inc.
     11.4.4. Lumitex Inc.
     11.4.5. Aesculap Implant Systems LLC
     11.4.6. Exactech Inc.
     11.4.7. Premia Spine
     11.4.8. Paradigm Spine

Methodology

Our Clients

The John Holland Group
Nestle SA
Pfizer
General Electric
sinopec
Deloitte
General Mills
Siemens Healthcare