Spinal Fusion Devices Market By Product Type (Thoraco-Lumbar Fixation Devices, Cervical Fixation Devices Anterior, And Others), By Surgery, By End User (Hospitals, Ambulatory Surgical Centres, And Others), and Region - Global Forecast to 2028

The global spinal fusion devices market is expected to value at nearly US$ 8.5 Bn in 2019 and is expected to register a CAGR of 5.1%. The global spinal fusion devices market is segmented on the basis of product type, surgery, end user, and region.

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Global Spinal Fusion Devices Market: Introduction

Spinal fusion is a surgical procedure, in which two or more of the vertebrae are joined together, in order to reduce back pain. Spinal fusion surgery is done in case of degenerative disk disease, fracture, scoliosis, spinal stenosis, spondylolisthesis, and spinal infection. In addition, Spinal fusion is primarily used to treat loss of function associated with injured and degenerated intervertebral discs among individuals.

During a spinal fusion procedure, the dysfunctional spinal motion segments are rigidly stabilized with mechanical fusion devices such as interpedicular fixation plates, pedicular screws, and intervertebral spacers.

Global Spinal Fusion Devices Market: Dynamics

Increasing incidence of degenerative spine disease/low back pain across the globe, coupled with the availability of advanced technology for successful spinal surgeries is a key factor expected to drive growth of the global market. Back and neck pain are most commonly diagnosing degenerative disc disorders condition According to the American Chiropractic Association, approximately 31 Mn people in the US suffer from low back pain. In addition, a rising number of positive results for spinal deformities and spondylolisthesis is another factor expected to support growth of the target market.

An increasing number of successful lumbar spinal fusion for traumatic, deformity, destructive, and degenerative conditions of the lumbar spine is among some of the other factors expected to support growth of the target market. The increasing prevalence of spinal cord injuries among individuals across the globe is resulting in a growing number of spinal surgeries. In addition, increasing Duchene muscular dystrophy with scoliosis is another factor expected to support the target market growth in the near future. Also, the aging population is associated with increasing spinal disorders and degeneration of spine which in turn is expected to fuel growth of the potential market.

Moreover, changing the lifestyle of individuals from the recent past is resulting in the increased number of patients with obesity among the global population which is also one of the major factor expected to boost the growth of the potential market. Increasing awareness regarding the indications for which spinal fusion surgery can be performed can propel growth of this market in the near future. For example, traditionally spinal fusion was performed only for spinal tuberculosis and scoliosis. But from recent years, there has been an increase in a number of conditions on which spinal fusion procedure can be performed.

However, high cost associated with the spinal fusion surgery is a major factor that would decline growth of the target market to a certain extent. In addition, increased soft tissue disruption can cause postoperative pain is a challenging factor for the growth of this market. Furthermore, lack of advanced infrastructure facilities in developing countries in order to execute critical and complex spinal surgeries, coupled with unfavorable reimbursement scenario in developing countries are some more factors that would hamper growth of the global market.

Global Spinal Fusion Devices Market Analysis, by Product Type

Among the product type segments, the thoraco-lumbar fixation devices segment is expected to contribute major revenue share and is expected to maintain its dominance over the forecast period. The thoracolumbar fixation devices segment is expected to register CAGR of over 5.0%, owing to its ability to provide early mobility in sitting posture.

Global Spinal Fusion Devices Market Analysis, by Surgery

Among the surgery segments, the open surgery segment is expected to contribute a major revenue share and is expected to maintain its dominance over the forecast period. The open surgery segment is expected to register CAGR of over 4.8%, owing to its ability to providing full vision in the operating area.

Global Spinal Fusion Devices Market Analysis, by End User

Among the end user segments, the hospital segment is expected to contribute major revenue share and is expected to maintain its dominance over the forecast period. The hospital segment is expected to register CAGR of over 4.9%, owing to the availability of operating instrument, safety, and infrastructure in hospital premises coupled with government affiliation for this surgery authorization.

Global Spinal Fusion Devices Market Analysis, by Region

The market in the Asia Pacific is expected to dominate in the global spinal fusion devices market and is expected to continue its dominance over the forecast period.

Growing medical tourism trend, owing to the low cost of spinal procedures, especially in countries such as India and Thailand is a key factor expected to boost growth of the spinal fusion devices market in the Asia Pacific over the forecast period. A growing number of aging population, coupled with a rising number of spinal deformities and spondylitis cases in developing countries in this region is among some of the major factors expected to fuel growth of the target market in the Asia Pacific.

Availability of well-developed and technologically advanced medical infrastructure is a key factor expected to register high adoption of spinal fusion devices in North America. Increasing research and development activities for enhanced spinal fusion devices owing to increasing number of spinal fusion procedures in countries such as US and Canada in North America are major factors expected to drive growth of the target market in this region.

For instance; according to data published by National Center for Biotechnology Information (NCBI), volume of elective lumbar fusion cases increased 62.3% (or 32.1% per 100,000 adults in the US), from 122,679 cases (60.4 per 100,000) in 2004 to 199,140 (79.8 per 100,000) in 2015.

In addition, the high presence of prominent players operating internationally in North America is a factor to support growth of the target market in this region. Players such as Johnson & Johnson, Olympus Corporation, Reda Instrumente GmbH, B. Braun Melsungen AG, and CONMED Corporation in the region is expected to boost growth of the North America market.

Increasing demand for conventional, new technologies and advanced medical devices coupled with rapidly growing geriatric population are factors expected to boost demand for spinal fusion devices in countries in Latin America. Increasing development in healthcare systems in countries such as Brazil and Argentina is a factor expected to create new revenue growth opportunities for players operating in this region, which is further expected to fuel growth of the target market over the forecast period.

Global Spinal Fusion Devices Market Segmentation:

Global Spinal Fusion Devices Market Segmentation, by Product Type:

• Thoraco-lumbar Fixation Devices
  • Lumbar Plates
  • Rods
  • Hooks
  • Pedicle Screws
• Cervical Fixation Devices Anterior
  • Cervical Plates
  • Hook Fixation Systems
  • Screws
  • Others (Wires & Clamps)
• Interbody Fusion Devices
  • Non-bone Fusion Devices
  • Bone Fusion Devices

Global Spinal Fusion Devices Market Segmentation, by Surgery:

• Open Surgery
• Minimally-invasive Surgery

Global Spinal Fusion Devices Market Segmentation, by Application:

• Hospitals
• Ambulatory Surgical Centers
• Clinics & Orthopedic Centers

Global Spinal Fusion Devices Market Segmentation, by Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa