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    Spinal Implants and Surgical Devices Market Forecast | 2020-26

    Spinal Implants and Surgical Devices Market Forecast | 2020-26
    Report code - SRHL314 Delivery - 2 Weeks
    Global Spinal Implants and Surgical Devices Market, Trends, Dynamics, and Market Analysis See more...

    Market Insights

    The global spinal implants and surgical devices market is estimated to grow from USD 10.7 billion in 2020 to USD 14.1 billion by 2026 at a healthy CAGR of 4.8% during the forecast period.

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    What are spinal implants and surgical devices?

    Spinal implants are medical devices used during surgery to treat deformity, strengthen the spine, and facilitate fusion. Spinal implants treat various disorders such as scoliosis, spondylolisthesis, degenerative disc disease, kyphosis, and fracture. Fusion and non-fusion plants are used to treat spinal disorders.

    Spinal Implants and Surgical Devices Market Report Overview

    Market Size in 2026

    USD 14.1 billion

    Market Size in 2020

    USD 10.7 billion

    Market Growth (2020-2026)

    CAGR of 4.8%

    Base Year of Study

    2019

    Trend Period

    2014-2018

    Forecast Period

    2020-2026

     

    Market Dynamics

    The global market growth is primarily driven by increasing incidences of spinal disorders across geographies.

    • Increasing demand for minimally invasive surgeries is driving the growth of the spinal implants and surgical devices market significantly.
    • Growing demand for advanced technologies in surgical procedures will likely create lucrative opportunities for the market players over the forecast period.
    • However, high spinal surgery costs are likely to hamper the growth of the spinal implants and surgical devices market.

    Key Players

    Key players operating in the global Spinal Implants and Surgical Devices market are-

    • DePuy Synthes (The U.S),
    • Medtronic plc (Ireland),
    • Stryker Corporation (The U.S),
    • Zimmer Biomet (The U.S),
    • Pioneer Surgical (The U.S),
    • Globus Medical, Inc. (The U.S),
    • NuVasive. Inc (The U.S),
    • Orthofix Holdings, Inc. (The U.S),
    • Integra LifeSciences Corporation (The U.S),
    • Paragon Medical, Inc. (The U.S),
    • X·spine Systems, Inc. (The U.S),
    • Marox Corporation (The U.S), and
    • Spine Wave, Inc. (The U.S).

    Segment Analysis

    Product Trends

    Based on product, the market has been divided into thoracic fusion and lumbar fusion devices, cervical fusion devices, vertebral compression fracture treatment devices, spinal biologics, spinal decompression, non-fusion devices, and spine bone stimulators.

    The thoracic and lumbar fusion devices segment accounted for the largest market share in 2020. The segment growth can be attributed to its rising incidences of lumbar degenerative disc disease.

    Regional Trends

    The market in North America accounted for the largest share in 2020.

    • The regional market growth can be attributed to increasing incidences of spinal disorders. Additionally, the presence of established healthcare infrastructure and key market players such as Stryker Corporation (The U.S.), and Zimmer Biomet (The U.S.) is likely to add to the market growth substantially.
    • The market in the Asia-Pacific region is projected to register the fastest growth rate on account of increasing awareness about spinal disorders and increasing investment in healthcare infrastructure.

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    Segmentation

    This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market. 

    The market is segmented into the following categories. 

    By Product

    • Thoracic Fusion and, Lumbar Fusion Devices
    • Cervical Fusion Devices
    • Vertebral Compression Fracture Treatment Devices
    • Spinal Biologics
    • Spinal Decompression
    • Non-fusion Devices
    • Spine Bone Stimulators

    By technology

    • Spinal Fusion and Fixation Technologies
    • Vertebral Compression Fracture Treatment
    • Motion Preservation/Non-fusion Technologies
    • Other

    By Surgery

    • Open Surgery
    • Minimally Invasive Surgery  

    By Region 

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    COVID-19 Impact

    The covid-19 outbreak posed significant challenges to the healthcare system across geographies. It negatively affected the growth of the spinal implants and surgical devices market as patients postponed their treatment due to a rapid surge in covid-19 cases across geographies. Also, supply chain disruptions due to the imposition of the lockdown affected the market growth further.

    Target Audience

    • Spinal implants and surgical devices distributors
    • Spinal implants and surgical devices suppliers
    • Spinal implants and surgical devices manufacturers
    • Logistics organizations
    • Government bodies

    Critical Questions Answered in the Report -

    • What are the key trends in the global Spinal Implants and Surgical Devices market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global Spinal Implants and Surgical Devices market?
    • What are the key strategies adopted by the major vendors to lead in the global Spinal Implants and Surgical Devices market?
    • What is the market share of the top vendors?

    Research Methodology

    • This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
    • More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.
    • We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the dynamics and will enable strategic decision-making for the existing players as well as those willing to enter the market.

    What Deliverables will you get in this report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Spinal Implants and Surgical Devices Market

    How lucrative is the future?

    Market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    The market size is expected to reach USD 14.1 billion in the foreseeable future.

    DePuy Synthes (The U.S), Medtronic plc (Ireland), Stryker Corporation (The U.S), Zimmer Biomet (The U.S), Pioneer Surgical (The U.S), Globus Medical, Inc. (The U.S), NuVasive. Inc (The U.S), Orthofix Holdings, Inc. (The U.S), Integra LifeSciences Corporation (The U.S), Paragon Medical, Inc. (The U.S), Xspine Systems, Inc. (The U.S), Marox Corporation (The U.S) and Spine Wave, Inc. (The U.S) are among the key players in the market.

    The spinal implants and surgical devices market is expected to witness an impressive growth of 4.8% CAGR during the forecast period.

    North America accounted for the largest share the market in 2020.

    Asia-pacific is expected to register the fastest growth rate in the spinal implants and surgical devices market in the coming years.

    Spinal implants and surgical devices distributors, Spinal implants and surgical devices suppliers, Spinal implants and surgical devices manufacturers, Logistics organizations, Government bodies are the target audience in the market.