Menu ×


Spinal Devices Market By Technology (Spinal Fusion and Fixation Technologies, Vertebral Compression Fracture Treatment, Motion Preservation/Non-fusion Technologies, Spinal Decompression); By Product; By Surgery Type (Open Surgery, Minimally Invasive Surgery) - Global Demand Analysis & Opportunity Outlook 2027

  • Report ID: 913
  • Text Size:

Extensive insights into the Growth of Spinal Devices Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More

Spinal Devices Market Overview

The spinal devices market is segmented on the basis of product which includes Thoracic Fusion and Lumbar Fusion Devices, Anterior Thoracic and Lumbar Fusion Devices, Posterior Thoracic and Lumbar Fusion Devices, Interbody Thoracic and Lumbar Fusion Devices, Anterior Lumbar Interbody Fusion Devices, Posterior Lumbar Interbody Fusion Devices, Transforaminal Lumbar Interbody Fusion Devices, Axial Lumbar Interbody Fusion Devices, Non-bone Interbody Fusion Devices, Bone Interbody Fusion Devices, Cervical Fusion Devices, Anterior Cervical Fusion Devices, Posterior Cervical Fusion Devices, Spine Biologics, Vertebral Compression Fracture Treatment Devices, Non-fusion Devices, Spine Bone Stimulators, Spinal Decompression Devices. Increasing surgical innovations in the field of minimally invasive implant procedures during orthopedic surgeries, technical innovation in implantable devices leading to novel product commercialization directly contributes to an increase in the rate of usage during orthopedic surgical procedures and positively impacts industry growth.

Market Size & Forecast

Spinal Devices Market is anticipated to record a significant CAGR over the forecast period. Rising demand for nominally invasive spine surgery procedure, technological progression in spine operation devices, rising aging and elderly population with growing number of spine irregularities are the key influences firing the growth of the spinal implants market.

Growing incidences of deteriorating disc diseases and rising elderly population more prone to orthopedic disorders are estimated to rise product demand for artificial discs and spinal plates over the forecast period.

On the basis of regional platform, global spinal devices market market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.CLICK TO DOWNLOAD FREE SAMPLE

spinal devices market share

North America dictated the global spinal device market due to presence of strict regulatory approval process and ample reimbursement policies. The technological advancements, contribution of nanotechnology to the pharmaceutical packaging market and improvement in manufacturing processes are components which increase the competitive rivalry in the region and ensure high quality standards attracting significant revenue. Europe is the second largest market due to the rise in elderly population and the swelling demand for spinal devices for the treatment of spinal disorders.

Asia Pacific spinal implants market is estimated to provide profitable opportunities for industry expansion due to ongoing development of manufacturing facilities of leading players, growing awareness among patients for novel technologies in the region and existence of high unmet demand.

Market Segmentation

Our-in depth analysis of the Global Spinal Devices market includes the following segments:

By Technology

  • Spinal Fusion and Fixation Technologies
  • Vertebral Compression Fracture Treatment
  • Motion Preservation/Non-fusion Technologies
  • Spinal Decompression

By Product

  • Thoracic Fusion and Lumbar Fusion Devices
  • Anterior Thoracic and Lumbar Fusion Devices
  • Posterior Thoracic and Lumbar Fusion Devices
  • Interbody Thoracic and Lumbar Fusion Devices
  • Anterior Lumbar Interbody Fusion Devices
  • Posterior Lumbar Interbody Fusion Devices
  • Transforaminal Lumbar Interbody Fusion Devices
  • Axial Lumbar Interbody Fusion Devices
  • Non-bone Interbody Fusion Devices
  • Bone Interbody Fusion Devices
  • Cervical Fusion Devices
  • Anterior Cervical Fusion Devices
  • Posterior Cervical Fusion Devices
  • Spine Biologics
  • Vertebral Compression Fracture Treatment Devices
  • Non-fusion Devices
  • Spine Bone Stimulators
  • Spinal Decompression Devices

By Surgery Type

  • Open Surgery
  • Minimally Invasive Surgery

By Region

Global Spinal Devices Market is further classified on the basis of region as follows:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Growth Drivers & Challenges

An increasing demand for movement preservation surgeries is expected to create a positive effect on demand. It is observed that there is an increasing number of casualty Ambulatory Surgical Centers (ASCs) providing minimally invasive implant procedures combined with faster recovery times are further expected to enhance growth prospects. Factors such as increasing incidence of spinal disorders caused by lifestyle based factors; development of technologically advanced, safer, and cost-effective spinal devices; global rise in the geriatric and obese population; and rising demand for minimally invasive spine surgery are firing the growth of the spinal devices.

However, factors such as high routine costs, stringent regulatory guidelines for the approval of new medical devices, and absence of reimbursements in developing countries are obstructing the growth of the global spinal implants market.

Key Players

  • Zimmer
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Medtronic
  • Exactech
  • Biomet
  • Ottoback
  • Wright Medical Group
  • Tornier
  • Smith & Nephew
  • Globus Medical, Inc.
  • Orthofix International

Scope & Context

Overview of the Parent Market

Analyst View


The Global Spine Device Market is segmented as follows:

  • By Technology Market Size & Y-O-Y Growth Analysis
  • By Product Market Size & Y-O-Y Growth Analysis
  • By Surgery Type Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

Related Reports

Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2021 Research Nester. All Rights Reserved