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Global Spinal Surgery Devices And Equipment Market Report 2022

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    Report

  • 175 Pages
  • May 2022
  • Region: Global
  • The Business Research Company
  • ID: 5589726
Spinal Surgery Devices And Equipment Global Market Report 2022 provides strategists, marketers and senior management with the critical information they need to assess the global spinal surgery devices and equipment market as it emerges from the COVID-19 shut down.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates
  • Create regional and country strategies on the basis of local data and analysis
  • Identify growth segments for investment
  • Outperform competitors using forecast data and the drivers and trends shaping the market
  • Understand customers based on the latest market research findings
  • Benchmark performance against key competitors
  • Utilize the relationships between key data sets for superior strategizing
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the spinal surgery devices and equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Spinal Surgery Devices And Equipment Market Global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

  • The Market Characteristics section of the report defines and explains the market
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery
  • Market segmentations break down market into sub markets
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers

Scope


Markets Covered:

1) By Product Type: Spine Biologics; Surgical Spinal Decompression; Vertebral Compression Fracture Treatment Products; Non-Fusion; Fusion
2) By Application: Hospital; Ambulatory Service Centers; Orthopedic Centers
3) By Type of Surgery: Open Surgeries; Minimally Invasive Surgeries

Companies Mentioned: Zimmer Biomet; Stryker Corporation; Depuy Synthes; Medtronic; Globus Medical Inc.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.


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Frequently Asked Questions about the Global Spinal Surgery Devices and Equipment Market

What is the estimated value of the Global Spinal Surgery Devices and Equipment Market?

The Global Spinal Surgery Devices and Equipment Market was estimated to be valued at $7.59 billion in 2022.

What is the growth rate of the Global Spinal Surgery Devices and Equipment Market?

The growth rate of the Global Spinal Surgery Devices and Equipment Market is 7.4%, with an estimated value of $10.1 billion by 2026.

What is the forecasted size of the Global Spinal Surgery Devices and Equipment Market?

The Global Spinal Surgery Devices and Equipment Market is estimated to be worth $10.1 billion by 2026.

Who are the key companies in the Global Spinal Surgery Devices and Equipment Market?

Key companies in the Global Spinal Surgery Devices and Equipment Market include Zimmer Biomet, Stryker Corporation, Depuy Synthes, Medtronic, Globus Medical Inc., Alphatec Spine Inc., Nuvasive Inc., Orthofix International N.V., K2M Group Holdings Inc. and Titan Spine.

Table of Contents

1. Executive Summary2. Spinal Surgery Devices And Equipment Market Characteristics3. Spinal Surgery Devices And Equipment Market Trends And Strategies4. Impact Of COVID-19 On Spinal Surgery Devices And Equipment
5. Spinal Surgery Devices And Equipment Market Size And Growth
5.1. Global Spinal Surgery Devices And Equipment Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Spinal Surgery Devices And Equipment Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Spinal Surgery Devices And Equipment Market Segmentation
6.1. Global Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Spine Biologics
  • Surgical Spinal Decompression
  • Vertebral Compression Fracture Treatment Products
  • Non-Fusion
  • Fusion
6.2. Global Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Hospital
  • Ambulatory Service Centers
  • Orthopedic Centers
6.3. Global Spinal Surgery Devices And Equipment Market, Segmentation By Type of Surgery, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Open Surgeries
  • Minimally Invasive Surgeries

7. Spinal Surgery Devices And Equipment Market Regional And Country Analysis
7.1. Global Spinal Surgery Devices And Equipment Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global Spinal Surgery Devices And Equipment Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Spinal Surgery Devices And Equipment Market
8.1. Asia-Pacific Spinal Surgery Devices And Equipment Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Spinal Surgery Devices And Equipment Market
9.1. China Spinal Surgery Devices And Equipment Market Overview
9.2. China Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Spinal Surgery Devices And Equipment Market
10.1. India Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Spinal Surgery Devices And Equipment Market
11.1. Japan Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Spinal Surgery Devices And Equipment Market
12.1. Australia Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Spinal Surgery Devices And Equipment Market
13.1. Indonesia Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Spinal Surgery Devices And Equipment Market
14.1. South Korea Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Spinal Surgery Devices And Equipment Market
15.1. Western Europe Spinal Surgery Devices And Equipment Market Overview
15.2. Western Europe Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Spinal Surgery Devices And Equipment Market
16.1. UK Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Spinal Surgery Devices And Equipment Market
17.1. Germany Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Spinal Surgery Devices And Equipment Market
18.4. France Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.5. France Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Spinal Surgery Devices And Equipment Market
19.1. Eastern Europe Spinal Surgery Devices And Equipment Market Overview
19.2. Eastern Europe Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Spinal Surgery Devices And Equipment Market
20.1. Russia Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Spinal Surgery Devices And Equipment Market
21.1. North America Spinal Surgery Devices And Equipment Market Overview
21.2. North America Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Spinal Surgery Devices And Equipment Market
22.1. USA Spinal Surgery Devices And Equipment Market Overview
22.2. USA Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Spinal Surgery Devices And Equipment Market
23.1. South America Spinal Surgery Devices And Equipment Market Overview
23.2. South America Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Spinal Surgery Devices And Equipment Market
24.1. Brazil Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Spinal Surgery Devices And Equipment Market
25.1. Middle East Spinal Surgery Devices And Equipment Market Overview
25.2. Middle East Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Spinal Surgery Devices And Equipment Market
26.1. Africa Spinal Surgery Devices And Equipment Market Overview
26.2. Africa Spinal Surgery Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa Spinal Surgery Devices And Equipment Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Spinal Surgery Devices And Equipment Market Competitive Landscape And Company Profiles
27.1. Spinal Surgery Devices And Equipment Market Competitive Landscape
27.2. Spinal Surgery Devices And Equipment Market Company Profiles
27.2.1. Zimmer Biomet
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Stryker Corporation
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Depuy Synthes
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. Medtronic
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Globus Medical Inc.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Spinal Surgery Devices And Equipment Market29. Spinal Surgery Devices And Equipment Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright and Disclaimer

Executive Summary

Major players in the spinal surgery devices and equipment market are Zimmer Biomet, Stryker Corporation, Depuy Synthes, Medtronic, Globus Medical Inc., Alphatec Spine Inc., Nuvasive Inc., Orthofix International N.V, K2M Group Holdings Inc., and Titan Spine.

The global spinal surgery devices and equipment market is expected to grow from $6.97 billion in 2021 to $7.59 billion in 2022 at a compound annual growth rate (CAGR) of 9.0%. The market is expected to grow to $10.1 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%.

The spinal surgery devices and equipment market consist of sales of spinal surgery devices and equipment and related services.

The main product types in spinal surgery devices and equipment are spine biologics, surgical spinal decompression, vertebral compression fracture treatment products, non-fusion, and fusion. Spine biologics are materials that are used in spine surgery. The spinal surgery devices and equipment are used to perform various surgeries such as open surgeries and minimally invasive surgeries. These are used by hospitals, ambulatory service centers, and orthopedic centers.

North America was the largest region in spinal surgery devices and equipment market in 2021. Western Europe was the second-largest region in spinal surgery devices and equipment market. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Elderly people are a major driving factor for the spinal surgery devices and equipment market as they are more prone to spinal complications. Spinal disorders majorly affect the geriatric population and result in spinal deformities and pain. As per UN estimates, the worldwide geriatric population will double by 2050 to reach an estimated value of more than 2.1 billion boosting the market growth in the future. An increasing trend in the aged populations worldwide will provide a lucrative growth to the spinal implants and devices.

The high cost of treatment restrains the spinal surgery devices and equipment market from reaching its maximum potential growth. According to a study conducted over a year to analyze cost variations, the total cost of the surgeries at the hospitals was found to vary between $27, 000 and $129,000. More than $90 billion a year is spent on treating lower back pain alone. Due to the steadily increasing cost of procedures, the rate of implementing spinal surgery devices has come down this a major restraint for the large-scale hospitals, clinics as well as new entrants for the market.

Implementing Nano-technology to improve the quality, precision, and speed of the work is the latest trend in the spinal surgery devices market. Nanoparticles possess unique chemical, biological and physical properties which enables them to perform a wide variety of cellular and subcellular tasks. Spinal pathology is a major field of study for nanotechnology. To fully implement Nano-technology, hospitals and clinics are waiting for FDA regulations and exploring options to reduce costs. Vallum Corporation, a medical device company announced that it received clearance from the American Food and Drug Administration (FDA) for its polyetheretherketone (PEEK) spinal fusion device which has a Nano textured surface.

The spinal surgery devices and equipment market has a huge potential to grow but stringent regulatory policies are restricting their growth. Currently, US Food and Drug Administration (FDA) classifies the devices into class II, this class consists primarily of devices that are intended to provide immobilization and stabilization of spinal segments. All devices under this class have to comply with the material standards, mechanical testing standards, and biocompatibility standards. Due to stringent regulations laid by US FDA, product recalls are common and may impact the growth of this market as well. In November 2021, United Healthcare had issued some regulatory policies for spinal fusion enhancement products that include demineralized bone matrix (DBM) without added products listed as unproven and not medically necessary, Autografts, The InFUSE/MASTERGRAFT™ Posterolateral Revision Device System used with MASTERGRAFT according to U.S. Food and Drug Administration (FDA) indications in individuals who meet all the criteria, Allograft based products Infuse® Bone Graft (Recombinant human bone morphogenetic protein-2 (rhBMP-2) of the lumbar spine are used when all the specified criteria are followed. These are are the stringent regulations in the spinal surgery devices and equipment market that restrict the growth of the spinal surgery devices and equipment.

In November 2021, Globus Medical Inc GMED.N, a medical technology company acquired NuVasive Inc NUVA.O for a deal amount of $3 billion. With this acquisition, the companies expand their portfolio in the spine surgery devices market. NuVasive Inc is a company manufacturing spinal surgery devices based in the United States.

The countries covered in the spinal surgery devices and equipment market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, the UK, the USA, and Australia.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Zimmer Biomet
  • Stryker Corporation
  • Depuy Synthes
  • Medtronic
  • Globus Medical Inc.
  • Alphatec Spine Inc.
  • Nuvasive Inc.
  • Orthofix International N.V.
  • K2M Group Holdings Inc.
  • Titan Spine
  • B. Braun Medical
  • Orthovita Inc.
  • Amedica Corporation
  • Biomet Inc.
  • RTI Surgical Inc.
  • SeaSpine
  • Integra Lifesciences Holdings Corporation
  • Smith & Nephew plc.
  • Exactech Inc.
  • Paragon Medical Inc.
  • Norman Noble Inc.
  • Nutech
  • Wenzel Spine Inc.
  • X-Spine Systems Inc.
  • Tecomet Inc.
  • Marox Corporation
  • Axial Medical
  • Spine Wave Inc.
  • Captiva Spine LLC.

Methodology

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