Spine Surgery Market Assessment, By Product [Spinal Fusion Devices, Spinal Decompression Devices, Non-Fusion Devices, Others], By Surgery [Open Surgery, Minimally Invasive Surgery], By Disease Indication [Degenerative Disc Disease, Complex Deformity, Trau

Spine Surgery Market Assessment, By Product [Spinal Fusion Devices, Spinal Decompression Devices, Non-Fusion Devices, Others], By Surgery [Open Surgery, Minimally Invasive Surgery], By Disease Indication [Degenerative Disc Disease, Complex Deformity, Traumas & Fractures, Others], By Procedure [Discectomy, Laminotomy, Foraminotomy, Corpectomy, Facetectomy], By End-user [Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Others], By Region, Opportunities and Forecast, 2017-2031F

Global spine surgery market is projected to witness a CAGR of 4.5% during the forecast period 2024-2031, growing from USD 14.8 billion in 2023, to USD 21.2 billion in 2031. The market has experienced significant growth in recent years and is expected to maintain a strong pace of expansion in the coming years. The increase in the global spine surgery market is driven by various factors, such as the growing prevalence of spinal injuries, such as degenerative disc disease, compression fractures, and spinal stenosis, the increasing number of spinal surgeries, technological advancements, and the growing demand for minimally invasive surgeries.

The geriatric population is prone to develop spine-related problems such as degenerative disc disease, compression fractures, and spinal stenosis, which is one of the major factors contributing to the growth. To meet the growing demand, technological advancements such as the integration of artificial intelligence in spine surgery play a crucial role by assisting surgeons during surgical procedures, leading to faster surgical procedures, improved decision making, and patient outcomes.

The FDA approved using Brainlab's Spine & Trauma Navigation with ZimVie's Vital spinal fixation system, in December 2023. The companies announced their collaboration in March 2023, with Brainlab taking care of spine imaging, planning, navigation, and robotic-assisted systems for ZimVie implants. The goal was to reduce radiation exposure while improving the planning and execution of spinal procedures by surgeons and improving the accuracy of pedicle screw placement.

Increasing Prevalence of Spine Injuries

There has been a surge in demand for spine surgery due to the rising number of spinal disorders due to complete and incomplete spinal cord injuries. The rising elderly population is a significant factor contributing to the elevated risk of spinal cord injuries due to various elements such as fragile bones and degenerative disc conditions, leading to a higher number of spine surgeries. Additionally, the upsurge in road traffic accidents and the involvement of young individuals in multiple sports activities have resulted in a greater prevalence of sports and trauma-related spinal injuries. For instance, in May 2022, the National Center for Biotechnology Information stated that every year, globally, around 250,000 to 500,000 people suffer from spinal cord injuries, with most of these cases resulting from preventable causes such as violence and motor vehicle accidents. These injuries can cause substantial functional impairment, consequently amplifying the demand for spine surgeries among affected individuals, hence driving the global spine surgery market.

Technological Advancement in Spine Surgery

In recent years, technological advancements such as the integration of AI, novel implant materials, real-time data analytics during surgery, and other advancements are playing a crucial role in driving the growth of the global spine surgery market. Technological advancements such as the application of navigation guidance systems, and robotic-assisted surgeries during the spine surgery market have brought numerous benefits, including improved patient outcomes, reduced risk of errors, infections, and complications, and increased efficiency in surgical procedures. Moreover, increased research and development by key market players for developing highly advanced surgical devices and systems to assist surgeons in delivering successful surgeries.

For instance, in 2023, Captiva Spine, a spinal technology organization dedicated to providing efficient solutions in spine care, announced the successful completion of the first U.S. cases series using their innovative AI-based surgical system WatchTower Spine Navigation System. The WatchTower Spine Navigation and Robotics Systems are designed to enhance the surgical workflow by merging pre-operative CT scans with 2D imaging using advanced algorithms. The process provides real-time 3D images of the patient's spine during surgery, allowing the surgeon to navigate the spine with greater accuracy and precision. The system aims to improve patient outcomes and reduce the risk of complications.

Minimally Invasive Surgeries are Witnessing a Significant Increase in Demand

Among the surgery type segment, minimally invasive surgeries hold the maximum market share in the global spine surgery market. Compared with conventional open spine procedures, minimally invasive spine surgeries have many benefits, such as minimum harm to soft tissues and muscles, reduced hospital stays, less postoperative discomfort, and faster recovery. Several leading players are also launching advanced AI-based solutions in minimally invasive spine surgery to enhance productivity and successful surgical outcomes.

In April 2023, Orthofix Medical Inc. announced the launch of two access retractor systems, Lattus Lateral Access System and Fathom Pedicle-based Retractor System, to assist surgeons during minimally invasive spine surgeries. The Lattus Lateral Access System is a comprehensive solution for lateral spine surgery, addressing key areas including spine access, disc preparation or removal, plate fixation, and seamless integration with intraoperative monitoring. Whereas fathom pedicle-based retractor system includes three points of active telescoping blade fixation. The system improves surgical workflow, enhances visualization, and allows minimal soft tissue disruption.

Fusion Devices are Dominating the Spine Surgery Market

Among the product segment, fusion devices hold a significant market share in the global spine surgery market. Fusion devices provide stability and support during spinal surgeries, promote better outcomes, reduce complications, and enhance patient recovery. These devices are used for multiple purposes including disc degeneration treatments, spinal deformity correction, and stabilization procedures. Moreover, key market players are bringing new product launches to the segment by developing innovative and highly efficient and sophisticated products which is further accelerating the growth of the segment. In November 2023, Orthofix Medical Inc. announced the launch of the “WaveForm L Lateral Lumbar Interbody System.” The system was specially designed for lateral lumbar interbody fusion procedures and consists of a 3D-printed WaveForm L that enhances strength and stability to provide a robust fusion environment during spinal surgeries.

North America Accounts for the Highest Market Share Globally

North America holds the largest share of the global spine surgery market due to highly advanced healthcare infrastructure, availability of high-tech surgical systems in healthcare facilities, and increasing prevalence of spine injuries in the region. Additionally, the growing demand for minimally invasive surgeries is enhancing the market's growth. A high number of spine injuries accelerates the need for highly efficient spine surgery systems in the surgical sector to improve precision and surgical outcomes.

For instance, according to “National Spinal Cord Injury Statistical Center Report 2023”, approximately 18,000 new spinal cord injuries occur each year in the United States. It states that men are more likely to sustain injuries than women due to involvement in violence and sports activities. As the number of spinal cord injuries is increasing, there is an escalating need for efficient treatment options, such as AI-assisted spine surgeries, to reduce the burden on surgeons.

Future Market Scenario (2024 – 2031F)

The future market scenario of the global spine surgery market anticipates dynamic transformation with several emerging trends. The integration of AI is expected to play a pivotal role, offering precise preoperative planning, real-time intraoperative assistance, and data-driven postoperative care. Advanced technologies such as surgical robotics and augmented reality are likely to improve surgical precision and efficiency. A notable trend is the increasing preference for minimally invasive surgeries driven by a preference for quicker recovery times and reduced postoperative complications. Customized implants and 3D printing are anticipated to gain popularity, catering to individual patient needs. In August 2023, at Shaare Zedek Medical Center in Jerusalem spine surgery was performed by integrating robotics and augmented reality to repair a complex spine fracture of a 25-year-old patient to repair a complex thoracic spine fracture. The augmented reality technology enabled surgeons to view the spine of the patient through technology, which reduced the dangers associated with placing the screw on the spinal cord or nerve roots.

Key Players Landscape and Outlook

In global spine surgery market, several industries such as robotics manufacturers and medical device manufacturers are establishing strategic partnerships and distribution agreements, which play a pivotal role in driving the expansion of global spine surgery market. These partnerships enable firms to gain insights regarding the market, take advantage of each other’s resources, markets, and technologies, and invest in research and development activities to bring advancements to the market. Distribution agreements enable companies to broaden their market presence at a global level. These collaborative initiatives promote innovation, expertise product development, improve spine surgical outcomes, and contribute to the enduring and robust growth of the global market.

For instance, in September 2023 Globus Medical, Inc. announced it has successfully completed its merger with NuVasive, Inc. The merger will provide advanced spine and orthopedic care globally by developing innovative and advanced spine and orthopedic surgical systems. The partnership further aims to enhance and expand the company’s existing product portfolio and expand the company’s global footprint in the market, as well as assist in further elevating the global spine surgery market.

1. Research Methodology
2. Project Scope & Definitions
3. Executive Summary
4. Global Spine Surgery Market Outlook, 2017-2031F
4.1. Market Size & Forecast
4.1.1. By Value
4.1.2. By Volume
4.2. By Product
4.2.1. Spinal Fusion Devices
4.2.2. Spinal Decompression Devices
4.2.3. Non-Fusion Devices
4.2.4. Others
4.3. By Surgery
4.3.1. Open Surgery
4.3.2. Minimally Invasive Surgery
4.4. By Disease Indication
4.4.1. Degenerative Disc Disease
4.4.2. Complex Deformity
4.4.3. Traumas and Fractures
4.4.4. Others
4.5. By Procedure
4.5.1. Discectomy
4.5.2. Laminotomy
4.5.3. Foraminotomy
4.5.4. Corpectomy
4.5.5. Facetectomy
4.6. By End-user
4.6.1. Hospitals
4.6.2. Ambulatory Surgical Centers
4.6.3. Specialty Clinics
4.6.4. Others
4.7. By Region
4.7.1. North America
4.7.2. Europe
4.7.3. Asia-Pacific
4.7.4. South America
4.7.5. Middle East and Africa
4.8. By Company Market Share (%), 2023
5. Global Spine Surgery Market Outlook, By Region, 2017-2031F
5.1. North America*
5.1.1. Market Size & Forecast By Value By Volume
5.1.2. By Product Spinal Fusion Devices Spinal Decompression Devices Non-Fusion Devices Others
5.1.3. By Surgery Type Open Surgery Minimally Invasive Surgery
5.1.4. By Disease Indication Degenerative Disc Disease Complex Deformity Traumas and Fractures Others
5.1.5. By Procedure Discectomy Laminotomy Foraminotomy Corpectomy Facetectomy
5.1.6. By End-user Hospitals Ambulatory Surgical Centers Specialty Clinics Others
5.1.7. United States* Market Size & Forecast By Value By Volume By Product Spinal Fusion Devices Spinal Decompression Devices Non-Fusion Devices Others By Surgery Type Open Surgery Minimally Invasive Surgery By Procedure Discectomy Laminotomy Foraminotomy Corpectomy Facetectomy By Disease Indication Degenerative Disc Disease Complex Deformity Traumas and Fractures Others By End-user Hospitals Ambulatory Surgical Centers Specialty Clinics Others
5.1.8. Canada
5.1.9. Mexico
*All segments will be provided for all regions and countries covered
5.2. Europe
5.2.1. Germany
5.2.2. France
5.2.3. Italy
5.2.4. United Kingdom
5.2.5. Russia
5.2.6. Netherlands
5.2.7. Spain
5.2.8. Turkey
5.2.9. Poland
5.3. Asia-Pacific
5.3.1. India
5.3.2. China
5.3.3. Japan
5.3.4. Australia
5.3.5. Vietnam
5.3.6. South Korea
5.3.7. Indonesia
5.3.8. Philippines
5.4. South America
5.4.1. Brazil
5.4.2. Argentina
5.5. Middle East & Africa
5.5.1. Saudi Arabia
5.5.2. UAE
5.5.3. South Africa
6. Market Mapping, 2023
6.1. By Product
6.2. By Surgery Type
6.3. By Disease Indication
6.4. By End-user
6.5. By Region
7. Macro Environment and Industry Structure
7.1. Demand Supply Analysis
7.2. Import Export Analysis
7.3. Value Chain Analysis
7.4. PESTEL Analysis
7.4.1. Political Factors
7.4.2. Economic System
7.4.3. Social Implications
7.4.4. Technological Advancements
7.4.5. Environmental Impacts
7.4.6. Legal Compliances and Regulatory Policies (Statutory Bodies Included)
7.5. Porter’s Five Forces Analysis
7.5.1. Supplier Power
7.5.2. Buyer Power
7.5.3. Substitution Threat
7.5.4. Threat from New Entrant
7.5.5. Competitive Rivalry
8. Market Dynamics
8.1. Growth Drivers
8.2. Growth Inhibitors (Challenges and Restraints)
9. Regulatory Framework and Innovation
9.1. Clinical Trials
9.2. Patent Landscape
9.3. Regulatory Approvals
9.4. Innovations/Emerging Technologies
10. Key Players Landscape
10.1. Competition Matrix of Top Five Market Leaders
10.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2023)
10.3. Mergers and Acquisitions/Joint Ventures (If Applicable)
10.4. SWOT Analysis (For Five Market Players)
10.5. Patent Analysis (If Applicable)
11. Pricing Analysis
12. Case Studies
13. Key Players Outlook
13.1. Abbott Laboratories
13.1.1. Company Details
13.1.2. Key Management Personnel
13.1.3. Products & Services
13.1.4. Financials (As reported)
13.1.5. Key Market Focus & Geographical Presence
13.1.6. Recent Developments
13.2. Stryker Corporation
13.3. Medtronic Plc.
13.4. Boston Scientific Corporation
13.5. Johnson & Johnson Services Inc. (DePuy Synthes)
13.6. Globus Medical, Inc.
13.7. B. Braun Melsungen AG
13.8. Zimmer Biomet Holdings, Inc.
13.9. Alphatec Holdings, Inc.
13.10. Orthofix Medical Inc.
*Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.
14. Strategic Recommendations
15. About Us & Disclaimer

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