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Global Spinal Fusion Devices Market Size, Trends: By Product Type: Thoracolumbar Devices, Cervical Fixation Devices, Interbody Fusion Devices; By Diseases Type: Degenerative Disc, Complex Deformity, Trauma & Fractures, Other; By Surgery Type; By End User; Regional Analysis; Patent Analysis; Supplier Landscape; 2024-2032
Global Spinal Fusion Devices Market Outlook
The global spinal fusion devices market value was USD 7.52 billion in 2023, driven by the increasing prevalence of spinal disorders across the globe. The market size is anticipated to grow at a CAGR of 3.9% during the forecast period of 2024-2032 to achieve a value of USD 10.61 billion by 2032.
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Key Trends in the Market
A spinal fusion device is a type of device that helps in correcting a deformity, improving stability, or reducing pain by connecting two or more vertebrae in a human spine. It is also known as cage or an interbody fusion device. Spinal fusion devices are designed such that they allow the fusion to heal by spreading the two vertebrae apart and providing support for natural healing. Spinal fusion is typically permanent and lasts lifelong.
- Rapid increase in the incidences of spinal deformities such as spondylolisthesis and degenerative disc disease, among others, have increased the demand for such devices thereby helping the growth of the spinal fusion devices market.
- Prevalence of spinal disorders and problems common in older persons, owing to their weak bones and muscles. Thus, the growing geriatric population worldwide is increasing the demand for the spinal fusion devices.
- Advancements and developments in the spinal fusion devices such as 3D spinal fusion implants and robot assisted spine fusion surgery are a key trend for the market.
Market Analysis
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Based on type, the spinal fusion devices market can be divided into thoracolumbar devices, cervical fixation devices, and interbody fusion devices. By surgery, the market is bifurcated into minimally invasive spine surgery and open spine surgery. On the basis of disease indication, the market is segmented into degenerative disc diseases, complex deformity, and traumas and fractures, among others. Based on end use, the market is categorised into hospitals, and specialty clinics, among others. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global spinal fusion devices market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Zimmer Biomet Holdings, Inc.
- Johnson & Johnson
- B. Braun Melsungen AG
- Globus Medical, Inc.
- Medtronic, plc
- Others
Market Share by Disease Indication
The degenerative disc diseases segment accounts for a leading share in the spinal fusion devices market because of increasing elderly population and rising prevalence of neck and lower back issues in adults. Moreover, increase in strenuous activities such as sport and other physical activities is also expected to increase the segment growth further.
Complex deformity treatments using spinal fusion devices are on the rise, due to increased awareness regarding treatment options. Even adults with complex deformities from birth are seeking out treatment to correct spinal issues at a later age.
Spinal fusion devices also help in treating injuries caused by some traumas or accidents. With faster moving cars and increase in reckless driving, there is an increase in road accidents that cause trauma to the spine.
Market Share by End Use
Spinal surgeries typically take place in hospitals around the world, with highly specialised cases and operations occurring in speciality clinics. Accordingly, hospitals account for a sizable segment of the spinal fusion devices market. Governments worldwide are taking steps to improve healthcare infrastructure, equipping hospitals with all the departments, tools, and capabilities needed to treat all types of conditions.
As the affordability and usage of spinal fusion devices increase and they become more commonplace, more hospitals are likely to offer treatments using such devices. More complex cases are typically seen at speciality clinics, where latest technologies are also available, along with specialised personnel.
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Competitive Landscape
Zimmer Biomet Holdings, Inc. is a medical device company that has its headquarter in Indiana, United States. It was founded in 1927 and is known for designing, manufacturing, and marketing solutions for surgeons, clinicians, and hospitals.
Johnson & Johnson was established in 1886 and is headquartered in New Jersey, United States. It is a healthcare company known for developing and manufacturing pharmaceuticals, medical devices, and consumer packed goods.
B. Braun Melsungen AG was founded in 1839 and is based out of Melsungen, Germany. It is a healthcare company which manufactures pharmaceutical and medical devices with an aim to improve the health of people around the globe.
Other market players include Globus Medical, Inc. and Medtronic plc, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Diseases Type |
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| Breakup by Surgery Type |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Spinal Fusion Devices Market Overview
3.1 Global Spinal Fusion Devices Market Historical Value (2017-2023)
3.2 Global Spinal Fusion Devices Market Forecast Value (2024-2032)
4 Global Spinal Fusion Devices Market Landscape
4.1 Global Spinal Fusion Devices Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Spinal Fusion Devices Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Diseases Type
4.2.3 Analysis by End User
5 Global Spinal Fusion Devices Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Spinal Fusion Devices Market Segmentation
6.1 Global Spinal Fusion Devices Market by Product Type
6.1.1 Market Overview
6.1.2 Thoracolumbar Devices
6.1.2.1 Anterior Lumbar Plates
6.1.2.2 Pedicle Screw and Rods
6.1.2.3 Others
6.1.3 Cervical Fixation Devices
6.1.3.1 Anterior Cervical Plates
6.1.3.2 Hook Fixation Systems
6.1.3.3 Others
6.1.4 Interbody Fusion Devices
6.2 Global Spinal Fusion Devices Market by Diseases Type
6.2.1 Market Overview
6.2.2 Degenerative Disc
6.2.3 Complex Deformity
6.2.4 Trauma & Fractures
6.2.5 Other
6.3 Global Spinal Fusion Devices Market by Surgery Type
6.3.1 Market Overview
6.3.2 Minimally Invasive Spine Surgery
6.3.3 Open Spine Surgery
6.4 Global Spinal Fusion Devices Market by End User
6.4.1 Market Overview
6.4.2 Hospitals
6.4.3 Ambulatory Surgical Centers
6.4.4 Specialty Clinics
6.4.5 Orthopedic Centers
6.4.6 Others
6.5 Global Spinal Fusion Devices Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Spinal Fusion Devices Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Spinal Fusion Devices Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Spinal Fusion Devices Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Spinal Fusion Devices Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Spinal Fusion Devices Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
16.1.5 Others
17 Supplier Landscape
17.1 Zimmer Biomet Holdings, Inc.
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Johnson & Johnson
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 B. Braun Melsungen AG
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 Globus Medical, Inc.
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Medtronic, Inc.
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6 Nuvasive Inc
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 Orthofix International N.V
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8 Alphatec Holdings Inc.
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Stryker Corporation
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Exactech Inc
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
18 Global Spinal Fusion Devices Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The spinal fusion devices market was valued at USD 7.52 billion in 2023.
The market is expected to grow at a CAGR of 3.9% from 2024 to 2032 to reach a value of USD 10.61 billion by 2032.
The major market drivers include development of specialised spine diagnostics tools, increasing prevalence of spinal disorders, and emerging markets in developing nations.
The key trends of the market are advancements and developments in specialised spinal fusion devices, increasing geriatric population, and improved awareness regarding spinal deformities encouraging later age treatment.
Key market players include Zimmer Biomet Holdings, Inc., Johnson & Johnson, B. Braun Melsungen AG, Globus Medical, Inc., and Medtronic plc, among others.
A spinal fusion device is a type of device that helps in correcting deformities in the spine, improving stability, or reducing pain by connecting two or more vertebrae in a human spine.
Spinal fusion devices are also known as cage or an interbody fusion device.
The global spinal fusion devices market is segmented based on type, surgery, disease indication, end use, and region.
Spinal fusion devices are designed in such a manner that they allow the bones to heal and fuse by spreading two vertebrae apart.
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