Spine Surgery Devices Market Growth opportunities, Company Profiles,Competitive Scenario And Investment Analysis 2028

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The incidence of spinal disorders has undergone a drastic increase in recent years and not only.

The incidence of spinal disorders has undergone a drastic increase in recent years and not only in industrial countries. According to the American Association of Neurological Surgeons, more than 65 million Americans suffer from lower back pain, annually, while according to the Chicago Institute of Neurosurgery and Neuroresearch, by the age of fifty, 85% of the population is likely to show evidence of disc degeneration. Back pain has reached epidemic proportions and is causing major economic loss worldwide. To function correctly, the spine relies on the balanced interplay of individual structures. Minimally invasive operative techniques with corresponding visualization ideally fulfil these requirements and optimally combine low traumatization with therapeutic efficiency. The complex and demanding area of spinal surgery requires not only high performance implants, but also state-of-the-art instrumentation to enable surgeons to carry out each surgery type with precision and control.

SPINE SURGERY DEVICES MARKET OUTLOOK

Increasing aging and obese population with growing number of spine deformities, and rising demand for minimally invasive spine surgery procedures are boosting spine surgery devices market globally. Moreover, growth in the number of hospitals and surgical centers, and commercial applications in high growth areas such as MIS (minimally invasive surgery), nucleus arthroplasty, artificial disc replacement, and stem cell technologies are also expected to boost the market growth. Spinal cord injuries (SCI) remains a devastating condition for both patients and their families. There are approximately 10,000 new injuries in the United States each year with more than 200,000 people suffering from either paralysis of the arms or legs or both secondary to spinal cord injury. Males account for roughly 75% of patients treated with spinal cord injuries. However, the stringent product approval process, uncertainty in reimbursement, and high cost of treatment procedures are some of the prime factors restraining the growth of this market.

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SPINE SURGERY DEVICES MARKET SEGMENTAL OVERVIEW

The report analyses the global spine surgery devices market based on technology, surgery type, device type and geography. 

SPINE SURGERY DEVICES MARKET BY TECHNOLOGY

The spine surgery devices market is categorized into various technologies such as spinal fusion and fixation technologies, vertebral compression fracture treatment, motion preservation/non-fusion technologies and spinal decompression. The NuVasive MAS PLIF procedure is a minimally disruptive approach to traditional back surgery. During a PLIF (Posterior Lumbar Interbody Fusion) procedure, the damaged disc is removed from between two vertebrae in the lower back (the lumbar region). The vertebrae are then fused together to reduce motion. The goals of the procedure are to restore stability in the spine, eliminate pain, and treat common spinal pathologies.

SPINE SURGERY DEVICES MARKET BY SURGERY TYPE

Various surgery types of the spine surgery devices market comprise of open surgery and minimally invasive surgery. Aesculap’s MIS product portfolio provides comprehensive solutions for minimally invasive procedures, from the mini-open technique to the percutaneous approach. Each product is specifically designed to complement an MIS approach that maximizes surgical visibility, minimizes radiation exposure and eases use for surgical precision and minimal disruption of muscle tissue.

SPINE SURGERY DEVICES MARKET BY DEVICE TYPE

Various device types included in this market are spinal decompression devices such as corpectomy, discectomy, foraminotomy, laminotomy and others; spinal fusion devices such as, instrumented and non-instrumented spinal fusion, cervical fusion, interbody fusion and lumbar fusion; fracture repair devices; arthroplasty devices and non-fusion devices. Spinal decompression devices use the same basic principle of spinal traction that has been offered by chiropractors, osteopaths, and other appropriately trained health professionals for many years. Both traction and decompression therapy are applied with the goals of relieving pain and promoting an optimal healing environment for bulging, degenerating, or herniated discs.

SPINE SURGERY DEVICES MARKET BY GEOGRAPHY 

By geography, the global spine surgery devices market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East Africa. In 2018, North America dominated the market owing to factors such as technological innovations, increasing healthcare spending, and swelling government initiatives to create awareness regarding spine surgery. Moreover, Asia-Pacific spine surgery devices market is expected to grow at the fastest CAGR due to rising government initiatives for the modernization of healthcare infrastructure, large population base and growing incidence of spinal disorders.

SPINE SURGERY DEVICES MARKET KEY PLAYERS

The leading market players of the global spine surgery devices market are Medtronic, plc (Ireland), DePuy Synthes (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), and RTI Surgical, Inc. (U.S.). Mergers and acquisitions and Technology portfolio expansion are primary strategies adopted by industry players. For instance, in June 2017, DePuy Synthes, a subsidiary of Johnson and Johnson acquired Innovative Surgical Solutions, LLC. Also, AE Medical Corporation acquired RTI Surgical’s Cardiothoracic Closure business in August 2017. RTI Surgical’s Cardiothoracic Closure business offers cable-based plate Technologys such as Tritium SPC System.

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