The global spinal implants market size was estimated to be USD 11.57 billion in 2023 and is expected to reach at USD 20.7 billion by 2033 with a CAGR of 5.42% during the forecast period 2023-2033. The market will expand as a result of rising prevalence of spinal disorders, technological advancements, growing preference for motion preservation, rising geriatric population, favourable reimbursement policies, and rise in sports and traumatic injuries.
Non-fusion implants, which try to preserve spinal mobility while supplying stability, are becoming more popular. This method is preferred over conventional fusion operations because it preserves a patient's full range of motion and may lessen the possibility of neighbouring segment degeneration. As a result, there is a rising need for non-fusion implants including dynamic stabilization devices and artificial discs. For instance, in February 2023, Medtronic announced that it will pay $1.6 billion to acquire Mazor Robotics. Leading manufacturer of systems for robotic-assisted spine surgery is Mazor Robotics.
By type, non-fusion/motion preservation implants was the highest revenue-grossing segment in the global spinal implants market in 2022 owing to increasing technological advancements and surge in launch of new products. Additionally, Spinal fusion implants is predicted to grow at fastest CAGR during the forecast period owing to the rising demand of spinal fusion and fixation devices, growing prevalence of lumbar spine degeneration, and increasing technologically advanced product approvals. For instance, in August 2020, Innovasis has obtained the first special 510(k) clearance for a spinal interbody device featuring a porous structure and HAnano Surface. The recently approved Innovasis devices, made of 3D printed titanium with micro-porous properties, consist of the AxTiHA™ System. This system serves as a standalone device for Anterior Lumbar Interbody Fusion (ALIF) procedures.
By application, degenerative disc disease was the highest revenue-grossing segment in the global spinal implants market in 2022 owing to the increasing prevalence of lumbar spine degeneration, and rising product approvals. For instance, in August 2021, Two of Camber Spine's innovations have been given FDA 510(k) clearance: SPIRA-T Oblique Posterior Lumbar Spacer and SPIRA-P Posterior Lumbar Spacer. Additionally, Spinal fractures is predicted to grow at fastest CAGR during the forecast period owing to the rising in prevalence of road traffic accidents.
By end-user, hospital was the highest revenue-grossing segment in the global spinal implants market in 2022 owing to rising healthcare infrastructure, well-equipped with advanced technologies, and increasing demand for minimally invasive procedures. For instance, in September 2021, Medtronic Plc has enhanced its ecosystem for minimally invasive spine surgery by introducing advanced spinal technologies. The company has expanded its portfolio with three new products: Catalyft PL and PL40, the Space-D Access System, and the Accelerate Graft Delivery System featuring Grafton DBF. Additionally, orthopedic clinics is predicted to grow at fastest CAGR during the forecast period owing to the rising road traffic accidents and increasing prevalence of spinal fractures & spinal stenosis, and surge in number of patients visiting for physiotherapy.
North America region is anticipated for the highest revenue share during the forecast period owing to the increasing development of healthcare infrastructure, rising prevalence of spinal cord injuries, presence of major market players, and surge in new product launches within the regions. For instance, in March 2021, Aurora Spine Corporation has achieved a successful launch of its exclusive SiLO™ Posterior SI Joint Fusion System. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the growing geriatric population, surge in treatment rates of degenerative spine disorders, increasing technological advancements in medical technology, rising demand for minimally invasive procedures, growing burden of spinal fractures, and increasing launch of technologically advanced products. For instance, in October 2020, The Adaptix Interbody System, a titanium implant with Titan nanoLOCK surface technology, has been unveiled by Medtronic. This innovative surface technology incorporates a combination of texture variations at macro, micro, and nano levels.
Non-fusion implants, which try to preserve spinal mobility while supplying stability, are becoming more popular. This method is preferred over conventional fusion operations because it preserves a patient's full range of motion and may lessen the possibility of neighbouring segment degeneration. As a result, there is a rising need for non-fusion implants including dynamic stabilization devices and artificial discs. For instance, in February 2023, Medtronic announced that it will pay $1.6 billion to acquire Mazor Robotics. Leading manufacturer of systems for robotic-assisted spine surgery is Mazor Robotics.
By type, non-fusion/motion preservation implants was the highest revenue-grossing segment in the global spinal implants market in 2022 owing to increasing technological advancements and surge in launch of new products. Additionally, Spinal fusion implants is predicted to grow at fastest CAGR during the forecast period owing to the rising demand of spinal fusion and fixation devices, growing prevalence of lumbar spine degeneration, and increasing technologically advanced product approvals. For instance, in August 2020, Innovasis has obtained the first special 510(k) clearance for a spinal interbody device featuring a porous structure and HAnano Surface. The recently approved Innovasis devices, made of 3D printed titanium with micro-porous properties, consist of the AxTiHA™ System. This system serves as a standalone device for Anterior Lumbar Interbody Fusion (ALIF) procedures.
By application, degenerative disc disease was the highest revenue-grossing segment in the global spinal implants market in 2022 owing to the increasing prevalence of lumbar spine degeneration, and rising product approvals. For instance, in August 2021, Two of Camber Spine's innovations have been given FDA 510(k) clearance: SPIRA-T Oblique Posterior Lumbar Spacer and SPIRA-P Posterior Lumbar Spacer. Additionally, Spinal fractures is predicted to grow at fastest CAGR during the forecast period owing to the rising in prevalence of road traffic accidents.
By end-user, hospital was the highest revenue-grossing segment in the global spinal implants market in 2022 owing to rising healthcare infrastructure, well-equipped with advanced technologies, and increasing demand for minimally invasive procedures. For instance, in September 2021, Medtronic Plc has enhanced its ecosystem for minimally invasive spine surgery by introducing advanced spinal technologies. The company has expanded its portfolio with three new products: Catalyft PL and PL40, the Space-D Access System, and the Accelerate Graft Delivery System featuring Grafton DBF. Additionally, orthopedic clinics is predicted to grow at fastest CAGR during the forecast period owing to the rising road traffic accidents and increasing prevalence of spinal fractures & spinal stenosis, and surge in number of patients visiting for physiotherapy.
North America region is anticipated for the highest revenue share during the forecast period owing to the increasing development of healthcare infrastructure, rising prevalence of spinal cord injuries, presence of major market players, and surge in new product launches within the regions. For instance, in March 2021, Aurora Spine Corporation has achieved a successful launch of its exclusive SiLO™ Posterior SI Joint Fusion System. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the growing geriatric population, surge in treatment rates of degenerative spine disorders, increasing technological advancements in medical technology, rising demand for minimally invasive procedures, growing burden of spinal fractures, and increasing launch of technologically advanced products. For instance, in October 2020, The Adaptix Interbody System, a titanium implant with Titan nanoLOCK surface technology, has been unveiled by Medtronic. This innovative surface technology incorporates a combination of texture variations at macro, micro, and nano levels.
Segmentation: Spinal Implants Market Report 2022-2033
Spinal Implants Market Analysis & Forecast by Type 2022-2033 (Revenue USD Bn)
- Spinal Fusion Implants
- Non-Fusion/Motion Preservation Implants
Spinal Implants Market Analysis & Forecast by Application 2022-2033 (Revenue USD Bn)
- Degenerative Disc Disease
- Scoliosis
- Spinal Fractures
- Spinal Stenosis
- spinal Tumors
- Others
Spinal Implants Market Analysis & Forecast by End-user 2022-2033 (Revenue USD Bn)
- Hospitals
- Ambulatory Surgical Centers (ASCs)
- Orthopedic Clinics
- Specialty Clinics
- Rehabilitation Centers
- Research Institutions
Spinal Implants Market Analysis & Forecast by Region 2022-2033 (Revenue USD Bn)
North America
- U.S
- Canada
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Spinal Implants: Type Estimates & Trend Analysis
8. Small Animal Imaging: Application Estimates & Trend Analysis
9. Small Animal Imaging: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Spinal Implants Market
12. Europe Global Spinal Implants Market
13. Asia Pacific Global Spinal Implants Market
14. Latin America Global Spinal Implants Market
15. MEA Global Spinal Implants Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Medtronic plc
- DePuy Synthes (a subsidiary of Johnson & Johnson)
- Stryker Corporation
- Zimmer Biomet Holdings Inc.
- NuVasive Inc.
- Globus Medical Inc.
- Alphatec Holdings Inc.
- K2M Group Holdings Inc. (a subsidiary of Stryker Corporation)
- B. Braun Melsungen AG
- Orthofix Medical Inc.
- RTI Surgical Holdings Inc.
- Aesculap Implant Systems (a subsidiary of B. Braun Melsungen AG)
- Spinal Elements Holdings Inc.
- Joimax GmbH
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | July 2023 |
| Forecast Period | 2022 - 2033 |
| Estimated Market Value ( USD | $ 11.57 Billion |
| Forecasted Market Value ( USD | $ 20.7 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 14 |
