
Spinal Surgery Instruments Global Market Outlook
Description
Spinal Surgery Instruments Global Market Outlook
The global spinal surgery instruments market witnessed a growth of 3.3% in 2022 as compared to the previous year, resulting in a market size of USD 8,644.0 million. The shift towards value-based care is a key driver behind the increasing adoption of digital tools. These tools are utilized to enhance reporting capabilities, provide decision support, generate evidence, and facilitate information exchange. It is anticipated that the global spinal surgery instruments market will witness a CAGR of 3.5% (in sales value terms) during the forecast period, leading to a projected value of USD *** million by the year 2028.
The spinal fusion devices emerged as the top performer in 2022, recording a remarkable revenue growth of ***% from the previous year and attaining a revenue of USD ***million. The spinal fusion devices market is mainly comprised of thoracolumbar fixation devices, interbody devices, and cervical fusion devices. thoracolumbar fixation devices is responsible for the larger portion of the spinal surgery instruments market, accounting for approximately ***% of the global spinal surgery instruments market in 2022.
The spinal surgery instruments market can be divided into non-hospitals and hospitals. The hospitals segment generated USD *** million in revenue in 2022. It is projected to reach USD *** million by 2028, representing a compound annual growth rate of ***% over the forecast period of 2023 to 2028. The growing preference for performing spinal surgery in non-hospitals (e.g. ambulatory surgery centers) can be attributed to several factors. These include the reduction in manual intervention points, lower rates of readmission and infection, and the availability of favorable reimbursement options.
North America continues to hold the dominant position as a major shareholder in the healthcare sector. This is primarily attributed to its focus on promoting the interoperability of various digital health solutions and the provision of favorable reimbursement policies for outpatient facilities and ambulatory surgery centers. The global spinal surgery instruments market has witnessed substantial growth in terms of revenue, driven primarily by North America. In 2022, the market was valued at USD *** million, and it is projected to reach USD ***million by the year 2028, representing a remarkable compound annual growth rate (CAGR) of ***% during the forecast period.
The advancements in MIS have led to increased safety for patients, as it reduces trauma and minimizes the time spent in the operating room. This has resulted in a shift towards more personalized surgeries and customizable implants, which in turn have expanded the range of solutions available and diversified the patient population. ZimVie, Inc. has estimated that the global spine surgery market achieved sales of approximately $12 billion in 2022. The company holds the belief that within the field of spine surgery, minimally invasive surgery (MIS) and motion preservation solutions are the categories with the greatest potential for growth.
Prominent vendors shaping competitive dynamics include Medtronic plc, Johnson & Johnson (DePuy Synthes, Inc.), Stryker Corporation, Globus Medical, Inc., ZimVie, Inc., Aurora Spine Corporation, B Braun Melsungen AG, Centinel Spine®, LLC, ChoiceSpine, LLC, CoreLink Holdings, LLC, Disc Motion Technologies, Life Spine, Inc., Meliora Medical BV, Neos Surgery, S.L., NEXUS TDR, Orthofix Medical, Inc., Orthonex, LLC, Paradigm Spine, LLC, Precision Spine, Inc., Premia Spine, Ltd., RTI Surgical, Inc., SeaSpine Holdings Corporation, Spine Wave, Inc., SpineArt SA, Vallum Corporation, Wenzel Spine, Inc., among other players. In terms of market share, Medtronic plc maintains its leadership position with a retail value share of ***%.
Table of Contents
122 Pages
- FIGURES AND TABLES
- Part 1. Key Findings
- Part 2. Scope and Methodology
- Report Scope
- Product Type
- End-User
- Region
- Research Methodology
- Part 3. Spinal Surgery Instruments Market Overview
- Summary
- Instruction
- The Insights
- Part 4. Market Dynamics
- Growth Drivers
- Restraints and Challenges
- Market Trends
- Part 5. Global Spinal Surgery Instruments Market by Product Type
- Global Spinal Non-fusion Devices Market by Product Type
- Global Spinal Fusion Devices Market by Product Type
- Part 6. Global Spinal Surgery Instruments Market by End-User
- Part 7. Global Spinal Surgery Instruments Market by Region
- Part 8. North America Spinal Surgery Instruments Market
- North America Spinal Surgery Instruments Market by Product Type
- North America Spinal Surgery Instruments Market by End-User
- Part 9. Europe Spinal Surgery Instruments Market
- Europe Spinal Surgery Instruments Market by Product Type
- Europe Spinal Surgery Instruments Market by End-User
- Part 10. Asia-Pacific Spinal Surgery Instruments Market
- Asia-Pacific Spinal Surgery Instruments Market by Product Type
- Asia-Pacific Spinal Surgery Instruments Market by End-User
- Part 11. Latin America Spinal Surgery Instruments Market
- Latin America Spinal Surgery Instruments Market by Product Type
- Latin America Spinal Surgery Instruments Market by End-User
- Part 12. Rest of World Spinal Surgery Instruments Market
- Rest of World Spinal Surgery Instruments Market by Product Type
- Rest of World Spinal Surgery Instruments Market by End-User
- Part 13. Competitive Analysis
- Competition Overview
- Competition Analysis
- Recent Developments
- Medtronic plc
- Business Overview
- Contact Information
- Johnson & Johnson (DePuy Synthes, Inc.)
- Business Overview
- Contact Information
- Stryker Corporation
- Business Overview
- Contact Information
- Globus Medical, Inc.
- Business Overview
- Contact Information
- ZimVie, Inc.
- Business Overview
- Spine Products
- Contact Information
- Part 14. The Analysis and Outlook
- The Analysis
- The Outlook
- Disclaimer
- FIGURES AND TABLES
- Global Spinal Surgery Instruments Market, Volume and Value, 2018-2028 (Thousand Units) (USD Million)
- Global Spinal Surgery Instruments Market, Net Growth, 2020-2028 (Thousand Units) (USD Million)
- Global Spinal Surgery Instruments Market by Product Type, 2020-2028 (USD Million)
- Global Spinal Surgery Instruments Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
- Global Spinal Surgery Instruments Market by Product Type, 2020-2028 (Thousand Units)
- Global Spinal Surgery Instruments Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
- Global Spinal Non-fusion Devices Market by Product Type, 2020-2028 (USD Million)
- Global Spinal Non-fusion Devices Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
- Global Spinal Non-fusion Devices Market by Product Type, 2020-2028 (Thousand Units)
- Global Spinal Non-fusion Devices Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
- Global Spinal Fusion Devices Market by Product Type, 2020-2028 (USD Million)
- Global Spinal Fusion Devices Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
- Global Spinal Fusion Devices Market by Product Type, 2020-2028 (Thousand Units)
- Global Spinal Fusion Devices Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
- Global Spinal Surgery Instruments Market by End-User, 2020-2028 (USD Million)
- Global Spinal Surgery Instruments Market (Value) by End-User, CAGR Historic and Forecast, 2020-2028
- Global Spinal Surgery Instruments Market by End-User, 2020-2028 (Thousand Units)
- Global Spinal Surgery Instruments Market (Volume) by End-User, CAGR Historic and Forecast, 2020-2028
- Global Spinal Surgery Instruments Market (Value) Share by Region, 2022
- Global Spinal Surgery Instruments Market by Region, 2020-2028 (USD Million)
- Global Spinal Surgery Instruments Market (Value) by Region, CAGR Historic and Forecast, 2020-2028
- Global Spinal Surgery Instruments Market by Region, 2020-2028 (Thousand Units)
- Global Spinal Surgery Instruments Market (Volume) by Region, CAGR Historic and Forecast, 2020-2028
- North America Spinal Surgery Instruments Market by Product Type, 2020-2028 (USD Million)
- North America Spinal Surgery Instruments Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
- North America Spinal Surgery Instruments Market by Product Type, 2020-2028 (Thousand Units)
- North America Spinal Surgery Instruments Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
- North America Spinal Surgery Instruments Market by End-User, 2020-2028 (USD Million)
- North America Spinal Surgery Instruments Market (Value) by End-User, CAGR Historic and Forecast, 2020-2028
- North America Spinal Surgery Instruments Market by End-User, 2020-2028 (Thousand Units)
- North America Spinal Surgery Instruments Market (Volume) by End-User, CAGR Historic and Forecast, 2020-2028
- Europe Spinal Surgery Instruments Market by Product Type, 2020-2028 (USD Million)
- Europe Spinal Surgery Instruments Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
- Europe Spinal Surgery Instruments Market by Product Type, 2020-2028 (Thousand Units)
- Europe Spinal Surgery Instruments Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
- Europe Spinal Surgery Instruments Market by End-User, 2020-2028 (USD Million)
- Europe Spinal Surgery Instruments Market (Value) by End-User, CAGR Historic and Forecast, 2020-2028
- Europe Spinal Surgery Instruments Market by End-User, 2020-2028 (Thousand Units)
- Europe Spinal Surgery Instruments Market (Volume) by End-User, CAGR Historic and Forecast, 2020-2028
- Asia-Pacific Spinal Surgery Instruments Market by Product Type, 2020-2028 (USD Million)
- Asia-Pacific Spinal Surgery Instruments Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
- Asia-Pacific Spinal Surgery Instruments Market by Product Type, 2020-2028 (Thousand Units)
- Asia-Pacific Spinal Surgery Instruments Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
- Asia-Pacific Spinal Surgery Instruments Market by End-User, 2020-2028 (USD Million)
- Asia-Pacific Spinal Surgery Instruments Market (Value) by End-User, CAGR Historic and Forecast, 2020-2028
- Asia-Pacific Spinal Surgery Instruments Market by End-User, 2020-2028 (Thousand Units)
- Asia-Pacific Spinal Surgery Instruments Market (Volume) by End-User, CAGR Historic and Forecast, 2020-2028
- Latin America Spinal Surgery Instruments Market by Product Type, 2020-2028 (USD Million)
- Latin America Spinal Surgery Instruments Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
- Latin America Spinal Surgery Instruments Market by Product Type, 2020-2028 (Thousand Units)
- Latin America Spinal Surgery Instruments Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
- Latin America Spinal Surgery Instruments Market by End-User, 2020-2028 (USD Million)
- Latin America Spinal Surgery Instruments Market (Value) by End-User, CAGR Historic and Forecast, 2020-2028
- Latin America Spinal Surgery Instruments Market by End-User, 2020-2028 (Thousand Units)
- Latin America Spinal Surgery Instruments Market (Volume) by End-User, CAGR Historic and Forecast, 2020-2028
- Rest of World Spinal Surgery Instruments Market by Product Type, 2020-2028 (USD Million)
- Rest of World Spinal Surgery Instruments Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
- Rest of World Spinal Surgery Instruments Market by Product Type, 2020-2028 (Thousand Units)
- Rest of World Spinal Surgery Instruments Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
- Rest of World Spinal Surgery Instruments Market by End-User, 2020-2028 (USD Million)
- Rest of World Spinal Surgery Instruments Market (Value) by End-User, CAGR Historic and Forecast, 2020-2028
- Rest of World Spinal Surgery Instruments Market by End-User, 2020-2028 (Thousand Units)
- Rest of World Spinal Surgery Instruments Market (Volume) by End-User, CAGR Historic and Forecast, 2020-2028
- Global Spinal Surgery Instruments Key Participants
- Global Spinal Surgery Instruments Market Share by Company, 2022
- Medtronic plc Net Sales and Cranial & Spinal Technologies Segment Sales (USD Million)
- Medtronic plc Revenue, by Segment, 2023
- Medtronic plc Revenue, by Type, 2023
- Medtronic plc Revenue, by Region, 2023
- Johnson & Johnson Financial Overview (USD Million)
- Johnson & Johnson Spine, Sports & Other Revenue (USD Million)
- Johnson & Johnson Spine, Sports & Other Revenue, by Region 2022
- Johnson & Johnson Revenue, by Segment, 2022
- Johnson & Johnson Revenue, by Region, 2022
- Stryker Corporation Financial Overview (USD Million)
- Stryker Corporation Revenue, by Segment, 2022
- Stryker Corporation Revenue, by Type, 2022
- Stryker Corporation Revenue, by Region, 2022
- Globus Medical, Inc. Financial Overview (USD Million)
- Globus Medical, Inc. Revenue, by Segment, 2022
- Globus Medical, Inc. Revenue, by Region, 2022
- ZimVie, Inc. Three Primary Product Categories of Spine
- ZimVie, Inc. Spine Segment Revenue (USD Million)
- ZimVie, Inc. Financial Overview (USD Million)
- ZimVie, Inc. Revenue, by Segment, 2022
- ZimVie, Inc. Revenue, by Region, 2022
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