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Global Spinal Fusion Devices Market Size, Trends: By Type: Thoracolumbar Devices, Cervical Fixation Devices, Interbody Fusion Devices, By Surgery: Minimally Invasive Spine Surgery, Open Spine Surgery; By Disease Indication: Degenerative Disc Disease, Complex Deformity, Others; By End Use; Regional Analysis; Competitive Landscape; 2023-2028
Global Spinal Fusion Devices Market Outlook
The global market size for spinal fusion devices reached a value of more than USD 6.97 billion in 2021. The global spinal fusion devices market is expected to grow at a CAGR of 3.90% between 2023 and 2028, reaching a value of USD 8.77 billion by 2027.
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
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.
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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 Type |
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| Breakup by Surgery |
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| Breakup by Disease Indication |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive 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
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Spinal Fusion Devices Market Analysis
8.1 Key Industry Highlights
8.2 Global Spinal Fusion Devices Historical Market (2018-2022)
8.3 Global Spinal Fusion Devices Market Forecast (2023-2028)
8.4 Global Spinal Fusion Devices Market by Type
8.4.1 Thoracolumbar Devices
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Cervical Fixation Devices
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Interbody Fusion Devices
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Spinal Fusion Devices Market by Surgery
8.5.1 Minimally Invasive Spine Surgery
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Open Spine Surgery
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global Spinal Fusion Devices Market by Disease Indication
8.6.1 Degenerative Disc Disease
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Complex Deformity
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Traumas and Fractures
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Spinal Fusion Devices Market by End Use
8.7.1 Hospitals
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Specialty Clinics
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Others
8.8 Global Spinal Fusion Devices Market by Region
8.8.1 Market Share
8.8.1.1 North America
8.8.1.2 Europe
8.8.1.3 Asia Pacific
8.8.1.4 Latin America
8.8.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Zimmer Biomet Holdings, Inc.
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Johnson & Johnson
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 B. Braun Melsungen AG
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Globus Medical, Inc.
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Medtronic, plc
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Others
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Spinal Fusion Devices Market: Key Industry Highlights, 2018 and 2028
2. Global Spinal Fusion Devices Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global Spinal Fusion Devices Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global Spinal Fusion Devices Historical Market: Breakup by Surgery (USD Million), 2018-2022
5. Global Spinal Fusion Devices Market Forecast: Breakup by Surgery (USD Million), 2023-2028
6. Global Spinal Fusion Devices Historical Market: Breakup by Disease Indication (USD Million), 2018-2022
7. Global Spinal Fusion Devices Market Forecast: Breakup by Disease Indication (USD Million), 2023-2028
8. Global Spinal Fusion Devices Historical Market: Breakup by End Use (USD Million), 2018-2022
9. Global Spinal Fusion Devices Market Forecast: Breakup by End Use (USD Million), 2023-2028
10. Global Spinal Fusion Devices Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Spinal Fusion Devices Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Spinal Fusion Devices Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Spinal Fusion Devices Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Spinal Fusion Devices Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Spinal Fusion Devices Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Spinal Fusion Devices Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Spinal Fusion Devices Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Spinal Fusion Devices Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Spinal Fusion Devices Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Spinal Fusion Devices Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Spinal Fusion Devices Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Spinal Fusion Devices Market Structure
Key Questions Answered in the Report
The global market size for spinal fusion devices reached a value of more than USD 6.97 billion in 2021.
The market for spinal fusion devices is expected to grow at a CAGR of 3.90% between 2023 and 2028.
By 2027, the market size for spinal fusion devices is expected to reach a value of more than USD 8.77 billion.
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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