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Spinal Implants and Surgery Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 141 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5656499
Description Jump to:
The global spinal implants and surgery devices market size reached US$ 11.4 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 15.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.

Spinal implants and surgery devices refer to the medical equipment used to treat spinal deformities and disorders. These implants are manufactured using biocompatible materials, such as titanium, titanium-alloy and stainless-steel, and are commonly available in two variants, namely fusion and non-fusion implants. Fusion implants include rods, plates, screws and interbody cages. On the other hand, non-fusion implants include artificial discs, expandable rods and growth sparing devices. Apart from this, thoracic, lumbar and cervical fusion and spinal decompression devices are also used for various treatment procedures. These implants are used to facilitate the movement of two vertebrae, improve the stability of the spine and correct deformities.

The increasing prevalence of spinal disorders, such as degenerative disc disease, scoliosis, kyphosis and spondylolisthesis, is one of the key factors driving the growth of the market. This can be attributed to the sedentary lifestyles and hectic schedules of the majority of the working population, which, in turn, is significantly increasing the incidences of obesity, back pain, posture-related problems and other degenerative spinal conditions. Furthermore, the development of efficient growth-sparing devices, which are specifically designed for patients, especially children, who have not reached skeletal maturity is also contributing to the market growth. Additionally, various technological advancements, such as the development of advanced bone grafting products and the utilization of materials that are more durable than metal, are favoring the growth of the market. Other factors, including the rising geriatric population and widespread adoption of minimally invasive (MI) spinal surgeries, are expected to drive the market further.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global spinal implants and surgery devices market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, type of surgery and end user.

Breakup by Product:

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

Breakup by Type of Surgery:

  • Open Surgeries
  • Minimally Invasive Surgeries

Breakup by End User:

  • Hospitals
  • Ambulatory Surgery Centers
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being Abbott Laboratories, B. Braun (B. Braun Holding GmbH & Co. KG), Boston Scientific, Depuy Synthes (Johnson & Johnson), Exactech Inc. (Choice Spine), Globus Medical Inc., Integra LifeSciences Holdings Corporation, Medtronic Plc, Nuvasive Inc. (Smith & Nephew Plc), Orthofix Medical Inc., RTI Surgical Inc., Stryker Corporation and Zimmer Biomet Holdings Inc.

Key Questions Answered in This Report:

  • How has the global spinal implants and surgery devices market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global spinal implants and surgery devices market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product?
  • What is the breakup of the market based on the type of surgery?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global spinal implants and surgery devices market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Spinal Implants and Surgery Devices Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product
6.1 Thoracic Fusion and Lumbar Fusion Devices
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Cervical Fusion Devices
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Spine Biologics
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Vertebral Compression Fracture Treatment Devices
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Spinal Decompression Devices
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Non-Fusion Devices
6.6.1 Market Trends
6.6.2 Market Forecast
6.7 Spine Bone Stimulators
6.7.1 Market Trends
6.7.2 Market Forecast
7 Market Breakup by Type of Surgery
7.1 Open Surgeries
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Minimally Invasive Surgeries
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1 Hospitals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Ambulatory Surgery Centers
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Abbott Laboratories
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 B. Braun (B. Braun Holding GmbH & Co. KG)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.3 Boston Scientific
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Depuy Synthes (Johnson & Johnson)
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 SWOT Analysis
14.3.5 Exactech Inc. (Choice Spine)
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Globus Medical Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Integra LifeSciences Holdings Corporation
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.7.3 Financials
14.3.7.4 SWOT Analysis
14.3.8 Medtronic Plc
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Nuvasive Inc. (Smith & Nephew Plc)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.9.3 Financials
14.3.9.4 SWOT Analysis
14.3.10 Orthofix Medical Inc.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.10.4 SWOT Analysis
14.3.11 RTI Surgical Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 Stryker Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
14.3.13 Zimmer Biomet Holdings Inc.
14.3.13.1 Company Overview
14.3.13.2 Product Portfolio
14.3.13.3 Financials
14.3.13.4 SWOT Analysis
List of Figures
Figure 1: Global: Spinal Implants and Surgery Devices Market: Major Drivers and Challenges
Figure 2: Global: Spinal Implants and Surgery Devices Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Spinal Implants and Surgery Devices Market: Breakup by Product (in %), 2022
Figure 4: Global: Spinal Implants and Surgery Devices Market: Breakup by Type of Surgery (in %), 2022
Figure 5: Global: Spinal Implants and Surgery Devices Market: Breakup by End User (in %), 2022
Figure 6: Global: Spinal Implants and Surgery Devices Market: Breakup by Region (in %), 2022
Figure 7: Global: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Spinal Implants and Surgery Devices (Thoracic Fusion and Lumbar Fusion Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Spinal Implants and Surgery Devices (Thoracic Fusion and Lumbar Fusion Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Spinal Implants and Surgery Devices (Cervical Fusion Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Spinal Implants and Surgery Devices (Cervical Fusion Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Spinal Implants and Surgery Devices (Spine Biologics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Spinal Implants and Surgery Devices (Spine Biologics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Spinal Implants and Surgery Devices (Vertebral Compression Fracture Treatment Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Spinal Implants and Surgery Devices (Vertebral Compression Fracture Treatment Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Spinal Implants and Surgery Devices (Spinal Decompression Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Spinal Implants and Surgery Devices (Spinal Decompression Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Spinal Implants and Surgery Devices (Non-Fusion Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Spinal Implants and Surgery Devices (Non-Fusion Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Spinal Implants and Surgery Devices (Spine Bone Stimulators) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Spinal Implants and Surgery Devices (Spine Bone Stimulators) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Spinal Implants and Surgery Devices (Open Surgeries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Spinal Implants and Surgery Devices (Open Surgeries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Spinal Implants and Surgery Devices (Minimally Invasive Surgeries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Spinal Implants and Surgery Devices (Minimally Invasive Surgeries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Spinal Implants and Surgery Devices (Hospitals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Spinal Implants and Surgery Devices (Hospitals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Spinal Implants and Surgery Devices (Ambulatory Surgery Centers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Spinal Implants and Surgery Devices (Ambulatory Surgery Centers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Spinal Implants and Surgery Devices (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Spinal Implants and Surgery Devices (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: North America: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: North America: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: United States: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: United States: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Canada: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Canada: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Asia Pacific: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Asia Pacific: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: China: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: China: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Japan: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Japan: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: India: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: India: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: South Korea: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: South Korea: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Australia: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Australia: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Indonesia: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Indonesia: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Others: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Others: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Europe: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Europe: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Germany: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Germany: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: France: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: France: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: United Kingdom: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: United Kingdom: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Italy: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Italy: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Spain: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Spain: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Russia: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Russia: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Latin America: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Latin America: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Brazil: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Brazil: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Mexico: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Mexico: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Others: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Others: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Middle East and Africa: Spinal Implants and Surgery Devices Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: Middle East and Africa: Spinal Implants and Surgery Devices Market: Breakup by Country (in %), 2022
Figure 80: Middle East and Africa: Spinal Implants and Surgery Devices Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Global: Spinal Implants and Surgery Devices Industry: SWOT Analysis
Figure 82: Global: Spinal Implants and Surgery Devices Industry: Value Chain Analysis
Figure 83: Global: Spinal Implants and Surgery Devices Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Spinal Implants and Surgery Devices Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Spinal Implants and Surgery Devices Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Spinal Implants and Surgery Devices Market Forecast: Breakup by Type of Surgery (in Million US$), 2023-2028
Table 4: Global: Spinal Implants and Surgery Devices Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Spinal Implants and Surgery Devices Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Spinal Implants and Surgery Devices Market Structure
Table 7: Global: Spinal Implants and Surgery Devices Market: Key Players

Companies Mentioned

  • Abbott Laboratories
  • B. Braun (B. Braun Holding GmbH & Co. KG)
  • Boston Scientific
  • Depuy Synthes (Johnson & Johnson)
  • Exactech Inc. (Choice Spine)
  • Globus Medical Inc.
  • Integra LifeSciences Holdings Corporation
  • Medtronic Plc
  • Nuvasive Inc. (Smith & Nephew Plc)
  • Orthofix Medical Inc.
  • RTI Surgical Inc.
  • Stryker Corporation
  • Zimmer Biomet Holdings Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages141
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 11.4 Billion
Forecasted Market Value ( USD ) by 2028 $ 15.1 Billion
Compound Annual Growth Rate4.8%
Regions CoveredGlobal
No. of Companies Mentioned13

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