North America Spinal Surgery Market

North America Spinal Surgery Market Device Types (Spinal Fusion [Cervical Fusion, Interbody Fusion, Thoracolumbar Fusion, and Others], Spinal Decompression [Corpectomy, Discectomy, Facetectomy, Foraminotomy, and Laminotomy], Fracture Repair Devices, Arthroplasty Devices and Non-fusion Devices), and Region- Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-3105
  • Author: Growth Market Reports
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  • No. Of Pages: 160
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The North America spinal surgery market size is projected to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to development of quick and pain less procedure as compared to the traditional spinal surgeries.

North America Spinal Surgery Market Key Takeaways

According to the WHO, back pain affects people of all ages, from children to the elderly, and is a common reason for medical visits. The frequency of back pain is already high by early middle age, and symptoms tend to persist over time, making it difficult to estimate the occurrence of back pain. The lifetime prevalence of common back pain is estimated to be 60 percent to 70 percent in industrialized countries.

Numerous chronic pain patients get addicted to opioid analgesics, and one of the many advantages of spinal cord stimulators is that they help to restrict the usage of these narcotics. The United States, in particular, has experienced a concerning trend of drug and opioid consumption, which the government has labelled a public health crisis. As a result, doctors are scrambling to find new ways to minimize the number of opioid prescriptions written.

Instrumented and no instrumented spinal fusion surgeries are the two types. Non-instrumented operations are those in which no implants are utilized and the bones are allowed to fuse naturally without them. The gold standard of therapy is spinal fusion with instrumentation and internal implants.

The insertion of a plate, an interbody device, and/or screw/rod fixation system to replace the intervertebral disc between the designated vertebral bodies to be fused, which helps enhance stability and promote fusion in the indicated vertebral segment, is a common fusion surgery.

According to the National Spinal Cord Injury Association Resource Center, each year in the United States, 32 spinal injuries per million people, or 7800 injuries, occur. Increased manufacturing of spinal implants, spinal surgery, and continued research on increasing the quality of care for continence is expected to create an attractive growth opportunity for the spinal device.

Roughly 85-90 percent of spine procedures involve fusion and also this is prevalent throughout markets. According to the Agency for Healthcare Research and Quality (AHRQ), over 488,000 spinal fusions were done during hospital stays in the United States in 2013, accounting for 3.1 percent of all operating room operations. (AJ Weiss, et al.) According to more current data from the same organization, 406,735 spinal fusion surgeries were discharged in 2013, with an average stay of 3.7 days.

Biomaterials have been a growing trend in muscle surgery, and the use of bone replacement embeds, as well as bone upgrading elements, has become increasingly important in spine surgery. Because of the development of embeds materials and cutting-edge bone recovery securing, the current spine medical process is facing expanding, testing clinical difficulties, and the meticulous methodology has basically changed.

Market Trends, Drivers, Restraints, and Opportunities

  • Rapid growth of healthcare and medical equipment industries are major factors propelling the market growth.
  • Growing ageing population is anticipated to drive the market in the coming years.
  • Associations and government investments and encouraging the development of newer and innovative technologies to improve local healthcare system are expected to fuel the market.
  • Increasing number of accident patients is projected to boost the market during the forecast period.
  • Rising demands for minimally invasive spinal surgery is projected to drive the market in coming years.
  • High cost of spinal surgeries is expected to hinder the market growth.
  • Delay in FDA product approvals and increasing case of medical device failures acts as key challenges that can restrict the market expansion during the forecast period.
  • Developments such as advanced algorithms, patient connection platform, 3D analysis, cross modality image registration is anticipated to create immense opportunities for the market players.

Scope of the Report

The report on the North America spinal surgery 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 Surgery Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Device Types (Spinal Fusion [Cervical Fusion, Interbody Fusion, Thoracolumbar Fusion, and Others], Spinal Decompression [Corpectomy, Discectomy, Facetectomy, Foraminotomy, and Laminotomy], Fracture Repair Devices, Arthroplasty Devices, and Non-fusion Devices)

Regional Scope

North America

Report Coverage

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

Key Players Covered in the Report

Johnson and Johnson; Medtronic plc; Globus Medical; Zimmer Biomet; Stryker Corporation

North America Spinal Surgery Market Segment Insights

The cervical fusion segment is projected to hold a major market share

Based on device types, the North America spinal surgery market is divided into spinal fusion, spinal decompression, fracture repair devices, arthroplasty devices and non-fusion devices. The spinal fusion segment is further segmented into cervical fusion, interbody fusion, thoracolumbar fusion, and others. The cervical fusion segment is expected to represent a key share of the market during the forecast period owing to rise in the occurrence of spinal problems such as spinal stenosis, severe kyphosis, and vertebral fracture. In the majority of these situations, surgery is the sole choice for therapy. Furthermore, thoracolumbar fractures might be the most common reason for surgical intervention.

North America Spinal Surgery Market By Device Types

Segments

The North America spinal surgery market has been segmented on the basis of

Device Types

  • Spinal Fusion
  • Cervical Fusion
  • Interbody Fusion
  • Thoracolumbar Fusion
  • Others
  • Spinal Decompression
  • Corpectomy
  • Discectomy
  • Facetectomy
  • Foraminotomy
  • Laminotomy
  • Fracture Repair Devices
  • Arthroplasty Devices
  • Non-fusion Devices

Region

  • North America

Key Player

  • Johnson and Johnson
  • Medtronic plc
  •  Globus Medical
  •  Zimmer Biomet
  •  Stryker Corporation

Competitive Landscape

Key players competing in the North America spinal surgery market include Johnson and Johnson; Medtronic plc; Globus Medical; Zimmer Biomet; Stryker Corporation.

Some of these players are coming up with several market including as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

North America Spinal Surgery Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spinal Surgery 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 Surgery Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Spinal Surgery Market - Supply Chain
  4.5. Global Spinal Surgery Market Forecast
     4.5.1. Spinal Surgery Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Spinal Surgery Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Spinal Surgery Market Absolute $ Opportunity
5. Global Spinal Surgery 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 Surgery 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 Surgery Demand Share Forecast, 2019-2026
6. North America Spinal Surgery 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 Surgery 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 Surgery Demand Share Forecast, 2019-2026
7. Latin America Spinal Surgery 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 Surgery 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 Surgery Demand Share Forecast, 2019-2026
8. Europe Spinal Surgery 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 Surgery 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 Surgery Demand Share Forecast, 2019-2026
9. Asia Pacific Spinal Surgery 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 Surgery 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 Surgery Demand Share Forecast, 2019-2026
10. Middle East & Africa Spinal Surgery 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 Surgery 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 Surgery Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Spinal Surgery Market: Market Share Analysis
  11.2. Spinal Surgery Distributors and Customers
  11.3. Spinal Surgery Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Johnson and Johnson Medtronic plc  Globus Medical  Zimmer Biomet  Stryker Corporation
The North America spinal surgery market has been segmented on the basis of

Device Types

  • Spinal Fusion
  • Cervical Fusion
  • Interbody Fusion
  • Thoracolumbar Fusion
  • Others
  • Spinal Decompression
  • Corpectomy
  • Discectomy
  • Facetectomy
  • Foraminotomy
  • Laminotomy
  • Fracture Repair Devices
  • Arthroplasty Devices
  • Non-fusion Devices

Region

  • North America

Key Player

  • Johnson and Johnson
  • Medtronic plc
  •  Globus Medical
  •  Zimmer Biomet
  •  Stryker Corporation

Key players competing in the North America spinal surgery market include Johnson and Johnson; Medtronic plc; Globus Medical; Zimmer Biomet; Stryker Corporation.

Some of these players are coming up with several market including as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.

North America Spinal Surgery Market By Key Players

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