United States spine surgery market is expected to witness significant growth in the coming years due to the introduction of new products by the key market players and rising cases of degenerative disc disease and spinal cord injuries.
Home>Industry Reports>United States Spine Surgery Market Assessment, Opportunities and Forecast, 2017-2031F
United States spine surgery market is projected to witness a CAGR of 4.19% during the forecast period 2024-2031, growing from USD 4.86 billion in 2023 to USD 6.80 billion in 2031. The growth of the market is supported by the rising cases of back and spine injury, degenerative disc disease, spinal infections, and disc pain, rising investments by the key players of the market towards the development of novel technologies, and growing preference for minimally invasive surgeries.
According to the estimates of the Christopher & Dana Reeve Foundation, approximately 18,000 new cases of spinal cord injury are reported every year. This increase is propelling the United States spine surgery market demand as surgical procedures are often necessary for removing foreign objects, fragments of bones, and fractured vertebrae and herniated discs that may compress the spine as a result of spinal cord injuries.
The growing threat of obesity in the country is another major factor supporting the expansion of the market. According to the estimates of the National Institute of Diabetes and Digestive and Kidney Diseases, nearly 1 in 3 adults in the United States are overweight. This rise bolsters the market demand as excessive weight can cause the shock-absorbing discs to become pinched or herniated, resulting in the requirement for surgical procedures.
Technological advancements are propelling the demand for spine surgeries in the United States as they are expected to offer innovative solutions that allow healthcare providers to enhance patient outcomes and decrease recovery time by improving surgical precision. The key market players are also focusing on developing devices to improve patient convenience and manage chronic back pain. In April 2024, Medtronic Plc received approval from the US Food and Drug Administration (FDA) for their closed-loop and rechargeable spinal cord stimulator, Inceptiv. The inceptive spinal cord stimulators maintain the prescribed stimulation tailored to the patient's requirements by sensing biological signals. Such developments are expected to support market expansion and provide lucrative growth opportunities.
The rising cases of spinal cord injuries in the United States are expected to provide lucrative growth opportunities to the market. As per the estimates of the Christopher & Dana Reeve Foundation, approximately 302,000 individuals are living with spinal cord injury in the United States. This increase is propelling the requirement for spine surgeries in the countries as they are required to keep the bones in the proper position while they are undergoing healing. The results of spinal cord injuries often vary depending upon the location and type of the injury and can result in slowing of autonomic nerve function and loss of sensory and motor functions, among others.
The growing preference for minimally invasive spine surgeries among patients can be attributed to their increasing awareness about the various advantages offered by them including less pain after the procedure due to limited tissue and muscle damage, decreased loss of blood, and reduced risk of infection. Due to the rising number of minimally invasive spine surgery procedures, the key players of the market are actively investing towards the development of devices that enhance the convenience of the surgeons and ensure the smooth completion of the surgery. In April 2023, Orthofix Medical Inc. announced the launch of two access retractor systems for minimally invasive spine procedures. The Fathom Pedicle-Based Retractor System and Lattus Lateral Access System expanded Orthofix’s offerings of access solutions for addressing the various requirements associated with minimally invasive procedures. The Lattus system addresses the important areas of lateral spine surgery, including plate fixation, removal or preparation of the disc, interbody placement, and easy access to the spine.
The spinal fusion device helps heal fusions and provides additional spine stability. They also aid in correcting malalignment, enhancing spinal fusion, and improving the overall stability of the spine by restricting movement in the treated spinal segment, securing bone graft material, and serving as a medium to replace the spinal disc. Due to the rising requirement for spinal fusion devices, the key players of the market are increasingly focusing on new product launches, further aiding the growth of the segment. In November 2023, in the United States, Orthofix Medical Inc. commercially launched their WaveFormL system, which is intended for lateral lumbar interbody fusion procedures.
Future Market Scenario (2024-2031F)
As per the United States spine surgery market analysis, the market demand is expected to increase significantly in the coming years due to rising obesity in the country and increasing investments by the key market players towards the introduction of new devices and systems. Boston Scientific Corporation is conducting an interventional study for compiling the real-world outcomes of the Superion Indirect Decompression System (IDS) in routine clinical trials, when the directions of use are followed. The study is expected to conclude in June 2029. Additionally, the growing awareness about spine health and the availability of different devices for managing and treating various conditions is also expected to support the market’s expansion in the United States.
Report Scope
“United States Spine Surgery Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the United States spine surgery market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
Report Attribute |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2017-2022 |
Forecast Period |
2024-2031 |
Projected Growth Rate |
CAGR of 4.19% between 2024 and 2031 |
Revenue Forecast in 2031 |
USD 6.80 billion |
Segments Covered |
Products, Surgery, Disease Indication, Procedure, End-user |
Regions Covered |
North America, Europe, South America, Asia-Pacific, Middle East and Africa |
Key Companies Profile |
Abbott Laboratories, Stryker Corporation, Medtronic Plc., Boston Scientific Corporation, Johnson & Johnson Services Inc. (DePuy Synthes), Globus Medical, Inc., B. Braun Melsungen AG, ZimVie Inc., Alphatec Holdings, Inc., Orthofix Medical Inc. |
Customization Scope |
15% free report customization with purchase |
Pricing and Purchase Options |
Avail the customized purchase options to fulfill your precise research needs |
Delivery Format |
PDF and Excel through email (subject to the license purchased) |
In the report, United States spine surgery market has been segmented into the following categories:
Key Players Landscape and Outlook
The growth of the United States spine surgery market is supported by the increasing investments by the key players of the market towards the introduction of novel products and technologies in the country. In January 2024, Abbott Laboratories announced that their Liberta RC deep brain stimulation (DBS) system was approved by the United States Food and Drug Administration (U.S. FDA). The system features NeuroSphere Virtual Clinic, which supports the programming of the system remotely. The Liberta RC DBS system is a first-of-its-kind technology that allows patients in the United States to receive new treatment settings and communicate with their doctors remotely. The company developed the system after research showcases that Abbott DBS users in the United States travel over 150 miles, on average, to meet with a movement disorder specialist. Such introductions and approvals are expected to enhance consumer convenience and aid companies in expanding their customer base in the country.
Key Players Operating in the United States Spine Surgery Market are:
Markets and Data’s reports answer the following questions:
If you can't find what you're searching for or have any custom requirements for the United States spine surgery market, you may approach our team at info@marketsandata.com.
South Korea AI in medical diagnostics market is expected to grow significantly due to government support, the presence of market leaders like Samsung, high adoption rates of AI in medical systems, and the country's strong capabilities in developing e....Read More
Published on
October 2024
3,300
The global veterinary API market is expected to witness significant growth in the coming years. This growth is supported by the rising investments towards the development of vaccines, increasing adoption of pets and growing prevalence of zoonotic dis....Read More
Published on
October 2024
4,500
The growth of the global ultrasound needle guides market is boosted by the increasing prevalence of chronic diseases and novel product launches by the key players of the market.....Read More
Published on
October 2024
4,500
The growth of the UAE gene therapy market is augmented by the rising collaborations between Abu Dhabi Department of Health and biotech companies and increasing investments towards research activities to bolster the development and availability of gen....Read More
Published on
October 2024
3,300
Purchase Options
USD ($)
i
1,840
2,000
8%
i
2,970
3,300
10%
i
3,960
4,500
12%
i
5,950
7,000
15%
Tired of Searching?
Looking for Customization?
Some other doubt?
Need insights from a cohort?
REACH US