Global Spine Implant Market: Size, Trends & Forecasts (2020-2024)

Global Spine Implant Market: Size, Trends & Forecasts (2020-2024)

Scope of the Report

The report titled “Global Spine Implant Market: Size, Trends & Forecasts (2020-2024)” provides an analysis of the global spine implant market in terms of value and segments. The report also includes analysis of the market in terms of value for regions of the US, Asia Pacific and Europe.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global spine implant market has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The global spine implant market is a highly fragmented market with presence of nearly 400 spinal companies. Medtronic Plc, Johnson & Johnson (DePuy Synthes), NuVasive, Globus Medical and Stryker Corporation. are some of the players that have been profiled in this report. In this section of the report, business overview, financial overview and business strategies of the companies have been provided.

Company Coverage

Medtronic Plc
Johnson & Johnson (DePuy Synthes)
NuVasive
Globus Medical Inc.
Stryker Corporation

Regional Coverage

The US
Asia Pacific
Europe

Executive Summary

Spinal implants are devices used by surgeons for the treatment of deformity, stabilization and strengthening the spine, and facilitate fusion. Disorders treated via spinal implants encompass degenerative disc disease, scoliosis, kyphosis, spondylolisthesis, and fracture. They can split into two categories namely fusion and non fusion.

The global spine implant market can be split on the basis of material, technology, product and procedure. On the basis of material, the market can be segmented into titanium, titanium alloy, steel and plastic. The market is divided into fusion and fixation technology, Vertebral compression fracture treatment and motion preservation technologies on the basis of technology. On the basis of products, the market is categories into spinal fusion devices, non fusion devices, spinal bone stimulators, vertebral compression fracture treatment devices and spinal biologics, Minimally invasive surgery (MIS) and open surgery are the sub segments of the spine implant industry under the procedure segment.

The global spine implant market is forecasted to grow at a healthy rate during the forecast period (2020-2024). The market is supported by various growth drivers such as spike in obese population, escalating demand for MIS, rising geriatric population and hike in healthcare expenditure. Dependency of sales on adequate reimbursement from third parties and safety issues are the factors that pose a challenge to the market.

Titanium and porous implants, expandable cages, robotics/ enabling technologies, novel product launches and spike in mergers and acquisitions (M&A) activity are some of the trends existing in the market.


1. Executive Summary
2. Introduction
2.1 Spine Implants: An Overview
2.2 Cases Needing Spinal Implants
Table 1: Cases Needing Spinal Implants
2.3 Surgeries to Place Spinal Implants
Table 2: Surgeries to Place Spinal Implants
2.4 Pros and Cons of Spinal Implants
Table 3: Pros of Spinal Implants
Table 4: Cons of Spinal Implants
2.5 Spine Implant Market Segments
Table 5: Spinal Implants Market Segmentation
3. Global Market Analysis
3.1 Global Spinal Implant Market: An Analysis
3.1.1 Global Spinal Implant Market by Value
Table 6: Global Spinal Implant Market by Value; 2018-2019 (US$ Billion)
Table 7: Global Spinal Implant Market by Value; 2020-2024 (US$ Billion)
3.2 Global Spinal Implant Market: Segment Analysis
3.2.1 Global Spinal Implant Market by Type of Procedure
Table 8: Global Spinal Implant Market by Type of Procedure; 2019 (Percentage,%)
3.2.2 Global Open Surgery Spinal Implant Market by Value
Table 9: Global Open Surgery Spinal Implant Market by Value; 2018-2019 (US$ Billion)
Table 10: Global Open Surgery Spinal Implant Market by Value; 2020-2024 (US$ Billion)
3.2.3 Global Minimally Invasive Surgery (MIS) Spinal Implant Market by Value
Table 11: Global MIS Spinal Implant Market by Value; 2018-2019 (US$ Billion)
Table 12: Global MIS Spinal Implant Market by Value; 2020-2024 (US$ Billion)
3.3 Global Spinal Implant Market: Regional Analysis
3.3.1 Global Spinal Implant Market by Region (The US, Asia Pacific, Europe and Rest of the World)
Table 13: Global Spinal Implant Market by Region; 2019 (Percentage,%)
4. Regional Analysis
4.1 The US Spinal Implant Market: An Analysis
4.1.1 The US Spinal Implant Market by Value
Table 14: The US Spinal Implant Market by Value; 2018-2019 (US$ Billion)
Table 15: The US Spinal Implant Market by Value; 2018-2019 (US$ Billion)
4.2 Asia Pacific Spinal Implant Market: An Analysis
4.2.1 Asia Pacific Spinal Implant Market by Value
Table 16: Asia Pacific Spinal Implant Market by Value; 2018-2019 (US$ Billion)
Table 17: Asia Pacific Spinal Implant Market by Value; 2020-2024 (US$ Billion)
4.3 Europe Spinal Implant Market: An Analysis
4.3.1 Europe Spinal Implant Market by Value
Table 18: Europe Spinal Implant Market by Value; 2018-2019 (US$ Billion)
Table 19: Europe Spinal Implant Market by Value; 2020-2024 (US$ Billion)
5. Market Dynamics
5.1 Growth Drivers
5.1.1 Spike in Obese Population
Table 20: Global Prevalence of Obesity; 2008-2025 (Billion)
5.1.2 Escalating demand for Minimally Invasive Surgeries
Table 21: Global Minimally Invasive Surgery Market; 2018-2023 (US$ Billion)
5.1.3 Rising Geriatric Population
Table 22: Global Ageing Population; 2017-2050 (Million)
5.1.4 Increasing Healthcare Spending
Table 23: Global Healthcare Spending; 2015-2020 (US$ Billion)
5.1.5 Growing Number of Spinal Cord Injuries
5.2 Challenges
5.2.1 Reimbursement Policies
5.2.2 Safety Issues
5.3 Market Trends
5.3.1 Titanium and Porous Implants
5.3.2 Expandable Cages
5.3.3 Robotics/ Enabling Technologies
5.3.4 Novel Product Launches
Table 24: List of Spinal Implant Product Launches in 2019
5.3.5 Frequent Mergers and Acquisitions (M&A) Activity
Table 25: List of M&A in Spinal Implant Market 2016-2019
6. Competitive Landscape
6.1 Global Spinal Implant Market Players Analysis
6.1.1 Global Spinal Implant Market Players by Share
Table 26: Global Spine Implant Market Players by Share; 2019 (Percentage,%)
7. Company Profiles
7.1 Medtronic PLC
7.1.1 Business Overview
7.1.2 Financial Overview
Table 27: Medtronic PLC Net Sales; 2015-2019 (US$ Billion)
Table 28: Medtronic PLC Net Sales by Segment; 2019 (Percentage, %)
Table 29: Medtronic PLC Net Sales by Region; 2019 (Percentage, %)
7.1.3 Business Strategy
7.2 Johnson & Johnson (DePuy Synthes)
7.2.1 Business Overview
7.2.2 Financial Overview
7.3 Globus Medical Inc.
7.3.1 Business Overview
7.3.2 Financial Overview
Table 30: Globus Medical Sales; 2015-2019 (US$ Million)
Table 31: Global Medical Inc. Sales by Geography; 2019 (Percentage,%)
7.3.3 Business Strategy
7.4 NuVasive
7.4.1 Business Overview
7.4.2 Financial Overview
Table 32: NuVasive Inc, Total Revenues; 2015-2019 (US$ Million)
Table 33: NuVasive Inc, Total Revenues by Segments;2019 (Percentage,%)
7.4.3 Business Strategy
7.5 Stryker Corporation
7.5.1 Business Overview
7.5.2 Financial Overview
Table 34: Stryker Corporation Net Sales; 2015-2019 (US$ Billion)
Table 35: Stryker Corporation Net Sales by Segments; 2019 (Percentage,%)
7.5.3 Business Strategy

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