Global Spine Surgery Market to Grow Due to Rising Demand for Spinal Fusion Devices

Fusion devices are one of the product segments with the largest market share in the global spine surgery market. Fusion devices support and stabilize patients during spine procedures, improve patient outcomes, lower complications, and speed up recovery. These devices serve a variety of functions, including stabilization procedures, repair of spinal deformities, and therapies for disc degeneration.

According to the Markets and Data Research report, “Global Spine Surgery Market Assessment, By Region, Opportunities and Forecast, 2017-2031F”, Global spine surgery market was estimated at USD 14.8 billion in 2023 and is anticipated to reach USD 21.19 billion by 2031F, growing at a CAGR of 4.5% during the forecast period. The market has been experiencing growth in the last few years for several reasons, which include advancements in technology, an increase in the number of spinal surgeries, a rise in the number of people suffering from spinal injuries, and an increase in patient's preference for minimally invasive procedures. The market is also experiencing several major events responsible for the fast-paced growth, including new product launches, increase in healthcare expenditures, investments from large private and public entities, and expansion of companies into new regions through significant mergers and acquisitions. The global spine surgery market is rapidly expanding because of a significant rise in the occurrence of spine injuries such as spinal stenosis, degenerative disc disease, and compression fractures. The elderly population is excessively prone to spinal injuries such as degenerative disc disease, lifestyle issues being the major driving factor behind it. The inclusion of technologies, such as AI is driving the demand for products used to treat spinal injuries, and with the use of technology, increasing demand for the products can be met.

Spread through 391 pages, the "Global Spine Surgery Market" report includes an in-depth TOC, over 105 market data figures, the latest market developments, key drivers and opportunities, and a thorough study of major company profiles. Moreover, the report also offers strategic recommendations, pricing analysis, market share analysis, and value chain analysis in detail.

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Key Takeaways:

• There is increased adoption of robotic-assisted spine surgery because it drastically reduces radiation exposure and enables more precise implant placement.
• There is a shift towards motion preservation devices like interspinous spacers and artificial discs as alternatives to spinal fusion, as these devices prevent the degeneration of adjacent segments.
• Limited access to healthcare facilities poses a major challenge for companies in expanding into the emerging markets of Asia-Pacific and Latin America.
• Surgical procedures are being used to address a wider variety of spine disorders than just the classic indications, such as spinal stenosis and disc degeneration.

The global spine surgery market is segmented in the following categories:

By Products: Spinal Fusion Devices, Spinal Decompression Devices, Non-Fusion Devices, Others

By Surgery: Open Surgery, Minimally Invasive Surgery

By Disease Indication: Degenerative Disc Disease, Complex Deformity, Traumas and Fractures, Others

By Procedure: Discectomy, Laminotomy, Foraminotomy, Corpectomy, Facetectomy

By End-user: Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Others

By Region: North America, Europe, Asia-Pacific, South America, Middle East and Africa

Minimally invasive procedures are beginning to garner market share because of the increased preference of patients for such treatments. These treatments offer several advantages over the traditional methods of surgical procedures, which include a short recovery span, minimal damage caused to soft tissues and muscles, painless procedures, and shorter hospital stays. Major companies in the market are heavily investing in AI-based cutting-edge solutions for the spine surgery market to improve outcomes and increase the efficiency of the treatment. In April 2023, Orthofix Medical Inc., a global leader in spine and orthopedics solutions, announced the launch of two access retractor systems, “The Lattus Lateral Access System” and the “Fathom Pedicle-Based Retractor System,” to assist surgeons during minimally invasive spine surgeries. The lattus lateral access system is a comprehensive solution for lateral spine surgery, addressing key areas, including spine access, disc preparation or removal, plate fixation, and seamless integration with intraoperative monitoring. Whereas the fathom pedicle-based retractor system includes three points of active telescoping blade fixation. This system improves surgical workflow, enhances visualization, and allows minimal soft tissue disruption.

The incorporation of artificial intelligence (AI), new implant materials, real-time data analytics during surgery, and many other technical breakthroughs have been driving growth in the global spine surgery market in recent years. Technological developments like the use of robotic assistance in spine surgery and the application of navigation guidance systems have improved patient outcomes, decreased the risk of errors, infections, and complications, and increased surgical procedure efficiency. In addition, major players in the market are investing more in research and development to create cutting-edge surgical instruments and systems that will help doctors perform effective procedures. The pioneer of AI-powered surgical technology, Proprio, Inc., and the internationally recognized inventor in next-generation spinal implant systems and procedural solutions, the Biedermann Group, announced in April 2024, a historic multi-phase partnership. The companies will first work together to connect Proprio's Paradigm system, which uses artificial intelligence, computer vision, and augmented reality—with Biedermann's cutting-edge spinal implants. This system would enable surgeons to get real-time imaging and guidance in the operating room.

Fusion devices are one of the product segments with the largest market share in the worldwide spine surgery industry. These tools are essential for giving stability and support during spinal procedures, which improves patient outcomes, lowers complications, and speeds up recovery. Fusion devices are employed in many different contexts, such as the management of disc degeneration, the correction of spinal deformities, and stabilization techniques. The leading companies in this industry are always introducing new items by creating complex, inventive, and incredibly efficient machinery. Due to this trend, the fusion devices market is growing at a faster rate. Many major players in the industry, such as Stryker, DePuy Synthes, and Medtronic, are working on integrating technologies such as robotic-assisted surgery and 3D printing to increase the safety and efficiency of spinal fusion surgery devices. These developments would result in improved clinical results and provide better patient outcomes. Hence, it is expected that these factors will continue to propel the growth of the fusion devices market. In November 2023, Orthofix Medical Inc., a global leader in spine and orthopedics company, announced the launch of the, “WaveForm L Lateral Lumbar Interbody System.” This system was specially designed for lateral lumbar interbody fusion procedures and consists of a 3D-printed WaveForm L that enhances strength and stability to provide a robust fusion environment during spinal surgeries.

Due to its highly developed healthcare infrastructure, availability of cutting-edge surgical systems in its medical facilities, and rising incidence of spine injuries, North America now owns the highest share in the global spine surgery market. The market is expanding because of the rising demand for minimally invasive surgical procedures. The need for highly effective spine surgery systems in the surgical field to increase accuracy and surgical outcomes is accelerated by the rising incidence of spine injuries. In the United States, 18,000 people suffer from spinal cord injuries every year, as published in a report by “National Spinal Cord Injury Statistical Center” in 2023. Men are more likely to suffer from such injuries because of their excessive involvement in sports activities and violence. There is an increased demand for AI-assisted spine surgeries with the increasing number of spinal cord injuries. The use of such technologies would reduce the burden on surgeons drastically.

Major companies operating in the Global Spine Surgery Market include:

• Abbott Laboratories
• Stryker Corporation
• Medtronic Plc.
• Boston Scientific Corporation
• Johnson & Johnson Services Inc. (DePuy Synthes)
• Globus Medical, Inc.
• B. Braun Melsungen AG
• Zimmer Biomet Holdings, Inc.
• Alphatec Holdings, Inc.
• Orthofix Medical Inc.

In the global spine surgery market, several stakeholders, such as robotics manufacturers and medical device manufacturers, are establishing strategic partnerships, and distribution agreements, which play a pivotal role in driving the market's expansion. These partnerships enable firms to gain insights regarding the market, take advantage of each other’s resources, markets, and technologies, and invest in research and development activities to bring advancements in the market. Distribution agreements enable companies to broaden their market presence at a global level. These collaborative initiatives promote innovation, and expertise in product development and improve spine surgical outcomes as well as, contribute to the enduring and robust growth of the global market. For instance, in September 2023, Globus Medical, Inc., a leading manufacturer of musculoskeletal solutions, announced that it had completed its merger with NuVasive, Inc. This merger will provide advanced spine and orthopedic care globally by developing innovative and advanced spine and orthopedic surgical systems. This partnership further aims to enhance and expand the company’s existing product portfolio and expand the company’s global footprint in the market as well as assist in further elevating the global spine surgery market.

“Global Spine Surgery Market Assessment, 2017-2031F”, evaluates the future growth potential of the global spine surgery market and provides statistics and information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers make investment decisions for their organizations more strategically. Moreover, the report also identifies and examines the emerging trends along with key drivers, challenges, and opportunities in the global spine surgery market.

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