The Spinal Surgery Devices And Equipment by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Spinal Surgery Devices And Equipment, The spinal surgery devices and equipment market size has grown strongly in recent years. It will grow from $13.77 billion in 2023 to $14.76 billion in 2024 at a compound annual growth rate (CAGR) of 7.2%. The growth in the historic period can be attributed to rising incidences of spinal disorders, increasing burden of obesity, growing demand for spine surgeries in emerging markets, rising incidences of osteoarthritis and spinal stenosis in population, rapid growth in elderly population, launch of advanced bone grafting products, and increasing adoption of minimally invasive spine surgeries..
The spinal surgery devices and equipment market size is expected to see strong growth in the next few years. It will grow to $18.87 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to advancements in spine surgery technologies, increasing elderly population, changes in lifestyles, faster economic growth, and increasing reimbursement for spine implants will drive market growth. Major trends in the forecast period include focusing on developing robot-assisted devices, investing in developing ar & vr for spinal surgery, investing in development of inflatable, shape-changing spinal implants, adopting nanosurface technology to development of novel bioceramic materials, focusing on development of smart metals, developing novel motion preservation devices for spinal surgery devices and equipment, investing in 3d printing technologies, offering patient specific instrumentation and adaptive spine technology (ast), focusing on minimally invasive spinal surgery and novel endoscopic spinal surgery.
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.
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The spinal surgery devices and equipment market covered in this report is segmented –
1) By Product Type: Non-Fusion Devices, Fusion Devices, Equipment
2) By End User: Hospitals, Ambulatory Surgical Centers, Specialty Orthopedic And Spine Centers
3) By Type Of Surgery: Open Surgery And Minimally Invasive Surgery (MIS)
Top Major Players
Medtronic PLC
Johnson & Johnson
Stryker Corporation
NuVasive, Inc.
Zimmer Biomet Holdings, Inc
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 report table of contents includes:
1. Executive Summary
2. Spinal Surgery Devices And Equipment Market Characteristics
3. Spinal Surgery Devices And Equipment Market Trends And Strategies
4. Spinal Surgery Devices And Equipment Market – Macro Economic Scenario
5. Global Spinal Surgery Devices And Equipment Market Size and Growth
….
32. Global Spinal Surgery Devices And Equipment Market Competitive Benchmarking
33. Global Spinal Surgery Devices And Equipment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Spinal Surgery Devices And Equipment Market
35. Spinal Surgery Devices And Equipment Market Future Outlook and Potential Analysis
36. Appendix
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