Spinal Fusion Devices Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Spinal Fusion Devices Market is segmented By Product Type (Pedicle Screws, Plates, Bone Grafts, Spinal Fusion Stimulators, Others), By Procedure Location (Cervical Spinal Fusion Devices, Lumbar Spinal Fusion Devices, Thoracic Spinal Fusion Devices, Others), By Application (Degenerative Disk Disease, Spondylolisthesis, Spinal Stenosis, Scoliosis, Spinal Trauma, Tumors, Others), By End-Users (Hospitals, Ambulatory Surgical Clinics, Speciality Clinics, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031 

Spinal Fusion Devices Market Size

The Global Spinal Fusion Devices Market size reached USD 7,666.4 million in 2022 and is projected to witness lucrative growth by reaching up to USD 10,827.4 million by 2031. The global spinal fusion devices market is exhibiting a CAGR of 4.5% during the forecast period (2024-2031). The global spinal fusion devices market is anticipated to rise throughout the forecast period due to the increasing prevalence of spinal disorders and advancements in surgical techniques.

The global spinal fusion devices market includes the industry involved in the development, production, and distribution of medical devices used in spinal fusion procedures. The spinal fusion devices market is driven by factors such as the rising aging population and obese population, growing awareness and patient education, increasing prevalence of spinal disorders, technological advancements, and growing preference for minimally invasive procedures.

Spinal Fusion Devices Market Summary

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Spinal Fusion Devices Market Trends

Increasing Prevalence of Spinal Disorders

The increasing prevalence of spinal disorders is the major factor driving the market share of spinal fusion devices during the forecast period. The prevalence of spinal disorders such as degenerative disc disease, herniated discs, and spinal deformities are on the rise globally. Factors such as aging populations, sedentary lifestyles, and obesity contribute to the higher incidence of these conditions. 

Sedentary lifestyles characterized by prolonged sitting or lack of physical activity contribute to the development of spinal disorders. Poor posture, inadequate ergonomics, and weak back muscles due to inactivity can lead to spinal problems. The growing patient pool requiring spinal fusion surgeries drives the demand for the spinal fusion devices market.

Advancements in Surgical Techniques

Advances in surgical techniques and technologies have significantly improved the safety and efficacy of spinal fusion procedures. Minimally invasive surgical techniques, computer-assisted navigation systems, and the development of advanced implants and instruments have led to better patient outcomes, reduced surgical trauma, and shorter recovery times. 

These advancements increase the market opportunity for the adoption of spinal fusion procedures and the corresponding demand for devices. High-definition cameras and monitors, as well as endoscopic and arthroscopic techniques, provide surgeons with clear visualization of the surgical site. These technologies allow for better access to the spine, reduced tissue trauma, and improved accuracy during the placement of spinal fusion devices.

The use of biologics and bone grafts in spinal fusion procedures has advanced significantly. Bone graft substitutes, bone morphogenetic proteins (BMPs), and demineralized bone matrix (DBM) are used to promote bone growth and facilitate spinal fusion. These techniques improve fusion rates and enhance the stability of the spinal fusion construct.

High Treatment Costs

The high treatment cost is a major factor hampering the market growth during the forecast period. Spinal fusion procedures and the associated devices can be costly. The high cost of spinal fusion implants, instruments, biologics, and the cost associated with treatment can limit access, particularly in regions with limited healthcare resources or populations with inadequate insurance coverage. 

Spinal fusion surgeries involve various costs, including preoperative evaluation, surgical facility fees, anesthesia charges, operating room expenses, and postoperative care. These costs can be substantial, especially for complex procedures or when additional services, such as intraoperative neuromonitoring or specialized imaging, are required. The cost factor can restrain market growth, especially in developing economies.

Spinal Fusion Devices Market Segment Analysis

The global spinal fusion devices market is segmented based on product type, procedure location, application, end-user, and region.

Based on the Product Type, the Pedicle Screws Segment is Expected to Dominate the Market Share 

Based on the product type, the pedicle screw segment is expected to dominate the market share accounting for 46.4% during the forecast period. Pedicle screws are widely used in spinal fusion surgeries for stabilization and fusion of the spine. The pedicle screws have been used in spinal fusion surgeries for many years and have a well-established track record. 

Surgeons are familiar with the use of pedicle screws, and they have demonstrated efficacy in providing stability and promoting the fusion of the spinal segments. Pedicle screw systems have undergone continuous advancements and innovations over the years. These advancements include improved screw designs, enhanced instrumentation, and the integration of navigation and robotics technologies. 

Source: DataM Intelligence Analysis (2023)

Spinal Fusion Devices Market Geographical Share

North America Holds the Largest Market Share Due to the Rising Prevalence of Spinal Disorders and the Presence of Major Players

North America holds the largest market share of around 38.5% during the forecast period due to the rising prevalence of spinal disorders and the presence of major players. North America has a relatively high prevalence of spinal disorders, including degenerative disc disease, spinal stenosis, and scoliosis. Factors such as an aging population, sedentary lifestyles, and obesity contribute to the higher incidence of spinal conditions, driving the demand for spinal fusion procedures and associated devices.

Source: DataM Intelligence Analysis (2023)

Spinal Fusion Devices Companies

The major global players include Medtronic plc, Johnson & Johnson, Stryker Corporation, NuVasive Inc., Zimmer Biomet Holdings Inc., Globus Medical Inc., Spinal Elements Inc., Xtant Medical Holdings Inc., RTI Surgical Inc., and ATEC spine Inc.

COVID-19 Impact on Spinal Fusion Devices Market

Russia-Ukraine Conflict Analysis

The Russia-Ukraine war significantly impacted the spinal fusion devices market growth. During the conflict, healthcare priorities may shift towards addressing immediate trauma and emergency care rather than elective surgeries and non-urgent procedures. Spinal fusion surgeries, which are typically considered non-emergent, were deprioritized, leading to a decline in demand for spinal fusion devices.

The conflict between Russia and Ukraine can disrupt the supply chain of medical devices, including spinal fusion devices. Both countries play a significant role in the manufacturing and distribution of healthcare products. Any disruptions in transportation routes, border closures, or political tensions can lead to delays or interruptions in the availability of spinal fusion devices.

Key Developments

• In May 2023, Centinel Spine, LLC, a leading global medical device company addressing cervical and lumbar spinal disease by providing the most robust and clinically-proven total disc replacement (TDR) technology platform in the world, announced record full-year performance and a top position in the TDR market. These achievements were propelled by full-year growth in the prodisc L lumbar TDR business and the late-year limited launch of the new prodisc C Vivo and prodisc C SK cervical TDR system.
• In May 2023, SpineGuard, an innovative company that deploys its DSG (Dynamic Surgical Guidance) sensing technology to secure and streamline the placement of bone implants, and XinRong Medical Group, a China leader in medical technology, announced that they expanded their collaboration with the signature of three concomitant agreements.
• In April 2023, Orthofix Medical, a medical device company, launched two access retractor systems for minimally invasive spine (MIS) procedures. In October last year, Orthofix signed a definitive merger agreement with medical technology company SeaSpine to create a global spine and orthopedics company with complementary portfolios.

Why Purchase the Report?

• To visualize the global spinal fusion devices market segmentation based on product type, procedure location, application, end-user, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous data points of spinal fusion devices market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global spinal fusion devices market report would provide approximately 54 tables, 46 figures, and 195 Pages.