Spinal Implant Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Product Type (Artificial Discs, Dynamic Stabilization Devices, Spinal Fusion Implants, Others), By Application (Cervical, Thoracic, Lumber), By Material (Stainless Steel, Titanium, Cobalt Chrome, Polyetheretherketone (PEEK), Others), By Surgery (Open Surgery, Minimally Invasive Surgery), By Indication (Spinal Trauma, Deformity), By Region and Competition

  • Industry : Healthcare
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  • Published Date : NA
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Summary

Report Description

Global Spinal Implant market is anticipated to witness impressive growth during the forecast period. This can be ascribed to the high demand owing to the deteriorating condition of patients due to bad posture, lifestyle changes, and lack of exercise and flexibility amongst others across the globe. Additionally, the growing incidence of spinal disorders such as tumors, hematoma, vertebral fractures, degenerative disc diseases, spinal stenosis, etc is expected to create significant growth during the forecast period. Similarly, growing investment by government organizations in the research and development of spinal disorders for developing new therapy, and devices will further drive the growth of the market during the forecast period. According to Clinicaltrials.gov, 987 studies have been found for the spinal implant and among these studies, 139 studies have been found related to child spinal implants. Also, the use of bioabsorbable spinal implants is most important for spinal reconstructive procedures with better image assessment and fusion healing properties which will further drive the growth of the market over the years. According to the World Health Organization (WHO) data, approximately 250,000 and 500,000 Spinal Cord Injury cases occur every year across the world.

The Rise in Incidence of Traumatic Fractures

 

Growing incidence of traffic accidents, sports injuries, or any other accidental falls will further boost the market growth during the forecast period.  According to the National Center for Biotechnology Information (NCBI), the lumbosacral spine is the most common region which is affected due to car accidents. This in turn is expected to enhance the demand for the spinal implants, which will boost the market growth over the years. According to the NCBI, approximately 75% of SCI cases due to falls occur in people aged 76 and older. The growing incidence of spinal disorders due to current demographic changes such as growing aging population and lifestyle-related factors such as increasing back problems will propel the growth of the market growth during the forecast period. Additionally, burgeoning demand for minimally invasive spinal surgical procedures owing to the advantages such as smaller incisions, less muscle damage, decreased blood loss, and length of hospital stay following surgery in comparison to the standard operating procedure will also contribute to the global spinal implant market growth during the forecast period. According to the National Spinal Cord Injury Statistical Center 2018, the annual incidence of spinal cord injury (SCI) is approximately 54 cases per one million or about 17,700 new SCI cases each year in the United States.

 

Growing Demand for Advanced Technologies

 

The market is propelling due to the growing demand for advanced technologies by major players acquiring potential start-ups and mid-sized players to increase their dominance in the industry during the forecast period. Moreover, product approvals in the developing regions will further contribute to the growth of the global spinal implant market during the forecast periods. For instance, in 2020 August, Orion Biotech Inc. got the approval from U.S. FDA for the development of Thoracolumbosacral Pedicle Screw intended to provide a posterior, non-cervical immobilization and stabilization of spinal implantation for mature patients. Similarly, the development of efficient growth-sparing devices which are specifically designed for new-borns will further drive the growth of the market over the years. According to a study bythe National Library of Medicine, over 266 million individuals are diagnosed with lumbar degenerative spine disease (DSD) yearly. This huge population with spine disorders demands for interbody spine implants which will propel the market.



 

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Market Segmentation

 

The global spinal implants market can be segmented by product type, application, material, surgery, indication,  region and competitive landscape. Based on the product type, the market can be segmented into Artificial Discs, Dynamic Stabilization Devices, Spinal Fusion Implants, Others. Based on application, the market can be segmented into Cervical, Thoracic, Lumber. Based on the material, the market can be differentiated into Stainless Steel, Titanium, Cobalt Chrome, Polyetheretherketone (PEEK), Others. Based on surgery, the market can be divided into Open Surgery, Minimally Invasive.. Based on indication, the market can be divided into Spinal Trauma, Deformity. Regionally, North America dominated the market amongst Asia Pacific, Europe, Middle East & Africa, and South America. Among different countries, the United States dominates the global spinal implant market on account of the increasing incidence of spinal disorders in the country.

 

Recent Development:

  • In August 2021, Aurora Spine Corporation received FDA 510(k) clearance for DEXA-C Cervical Interbody System.
  • In August 2021, Camber Spine received FDA 510(k) clearance for both its SPIRA-P Posterior Lumbar Spacer technology and SPIRA-T Oblique Posterior Lumbar Spacer technologies. 
  • In October 2020, Medtronic launched Adaptix Interbody System, a navigated titanium implant with Titan nanoLOCK surface technology, a blend of surface textures on the macro, micro, and nano levels.

Market Players

Medtronic Plc, Johnson & Johnson, Zimmer Biomet, Inc, Stryker Corporation, NuVasive, Inc., Alphatec Holdings, Inc., Surgalign Holdings, Inc., B. Braun Melsungen AG, SeaSpine Holdings Corporation, Globus Medical Inc. are some of the leading players operating in the Global Spinal Implant Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report Coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Product Type

By Application

By Material

By Surgery

By Indication

By Region

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States; Canada; Mexico; France; Germany; United Kingdom; Italy; Spain; China; India; Japan; South Korea; Australia; Brazil; Argentina; Colombia; South Africa; Saudi Arabia; UAE

Key companies profiled

Medtronic Plc, Johnson & Johnson, Zimmer Biomet, Inc, Stryker Corporation, NuVasive, Inc., Alphatec Holdings, Inc., Surgalign Holdings, Inc., B. Braun Melsungen AG, SeaSpine Holdings Corporation, Globus Medical Inc.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, the global spinal implants market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Spinal Implants Market, By Product Type:

o   Artificial Discs

o   Dynamic Stabilization Devices

o   Spinal Fusion Implants

o   Others

·         Spinal Implants Market, By Application:

o   Cervical

o   Thoracic

o   Lumber

·         Spinal Implants Market, By Material:

o   Stainless Steel

o   Titanium

o   Cobalt Chrome

o   Polyetheretherketone (PEEK)

o   Others

·         Spinal Implants Market, By Surgery:

o   Open Surgery

o   Minimally Invasive Surgery

·         Spinal Implants Market, By Indication:

o           Spinal Trauma

o           Deformity

·         Spinal Implants Market, By Region:

o          North America

§  United States

§  Canada

§  Mexico

o              Europe

§  France

§  Germany

§  United Kingdom

§  Italy

§  Spain

o         Asia Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o         South America

§  Brazil

§  Argentina

§  Colombia

o          Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Spinal Implant Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Spinal Implant Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Clinical Trial Analysis

5.1.  Ongoing Clinical Trials

5.2.  Completed Clinical Trials

5.3.  Terminated Clinical Trials

5.4.  Breakdown of Pipeline, By Development Phase

5.5.  Breakdown of Pipeline, By Status

5.6.  Breakdown of Pipeline, By Study Type

5.7.  Breakdown of Pipeline, By Region

5.8.  Clinical Trials Heat Map

6.    Global Spinal Implant Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Product Type (Artificial Discs, Dynamic Stabilization Devices, Spinal Fusion Implants, Others)

6.2.2.     By Application (Cervical, Thoracic, Lumber)

6.2.3.     By Material (Stainless Steel, Titanium, Cobalt Chrome, Polyetheretherketone (PEEK), Others)

6.2.4.     By Surgery (Open Surgery, Minimally Invasive Surgery)

6.2.5.     By Indication (Spinal Trauma, Deformity)

6.2.6.     By Region

6.2.7.     By Company (2022)

6.3.  Market Map

5.3.1 By Product Type

5.3.2 By Application

5.3.3 By Material

5.3.4 By Surgery

5.3.5 By Indication

7.    North America Spinal Implant Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Product Type (Artificial Discs, Dynamic Stabilization Devices, Spinal Fusion Implants, Others)

7.2.2.     By Application (Cervical, Thoracic, Lumber)

7.2.3.     By Material (Stainless Steel, Titanium, Cobalt Chrome, Polyetheretherketone (PEEK), Others)

7.2.4.     By Surgery (Open Surgery, Minimally Invasive Surgery)

7.2.5.     By Indication (Spinal Trauma, Deformity)

7.2.6.     By Country

7.3.  North America: Country Analysis

7.3.1.     United States Spinal Implant Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Product Type

7.3.1.2.2.             By Application

7.3.1.2.3.             By Material

7.3.1.2.4.             By Surgery

7.3.1.2.5.             By Indication

7.3.2.     Canada Spinal Implant Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Product Type

7.3.2.2.2.             By Application

7.3.2.2.3.             By Material

7.3.2.2.4.             By Surgery

7.3.2.2.5.             By Indication

7.3.3.     Mexico Spinal Implant Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Product Type

7.3.3.2.2.             By Application

7.3.3.2.3.             By Material

7.3.3.2.4.             By Surgery

7.3.3.2.5.             By Indication

8.    Europe Spinal Implant Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Product Type (Artificial Discs, Dynamic Stabilization Devices, Spinal Fusion Implants, Others)

8.2.2.     By Application (Cervical, Thoracic, Lumber)

8.2.3.     By Material (Stainless Steel, Titanium, Cobalt Chrome, Polyetheretherketone (PEEK), Others)

8.2.4.     By Surgery (Open Surgery, Minimally Invasive Surgery)

8.2.5.     By Indication (Spinal Trauma, Deformity)

8.2.6.     By Country

8.3.  Europe: Country Analysis

8.3.1.     France Spinal Implant Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Product Type

8.3.1.2.2.             By Application

8.3.1.2.3.             By Material

8.3.1.2.4.             By Surgery

8.3.1.2.5.             By Indication

8.3.2.     Germany Spinal Implant Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Product Type

8.3.2.2.2.             By Application

8.3.2.2.3.             By Material

8.3.2.2.4.             By Surgery

8.3.2.2.5.             By Indication

8.3.3.     United Kingdom Spinal Implant Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecasty

8.3.3.2.1.             By Product Type

8.3.3.2.2.             By Application

8.3.3.2.3.             By Material

8.3.3.2.4.             By Surgery

8.3.3.2.5.             By Indication

8.3.4.     Italy Spinal Implant Market Outlook

8.3.4.1.         Market Size & Forecast

8.3.4.1.1.             By Value

8.3.4.2.         Market Share & Forecast

8.3.4.2.1.             By Product Type

8.3.4.2.2.             By Application

8.3.4.2.3.             By Material

8.3.4.2.4.             By Surgery

8.3.4.2.5.             By Indication

8.3.5.     Spain Spinal Implant Market Outlook

8.3.5.1.         Market Size & Forecast

8.3.5.1.1.             By Value

8.3.5.2.         Market Share & Forecast

8.3.5.2.1.             By Product Type

8.3.5.2.2.             By Application

8.3.5.2.3.             By Material

8.3.5.2.4.             By Surgery

8.3.5.2.5.             By Indication

9.    Asia-Pacific Spinal Implant Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Product Type (Artificial Discs, Dynamic Stabilization Devices, Spinal Fusion Implants, Others)

9.2.2.     By Application (Cervical, Thoracic, Lumber)

9.2.3.     By Material (Stainless Steel, Titanium, Cobalt Chrome, Polyetheretherketone (PEEK), Others)

9.2.4.     By Surgery (Open Surgery, Minimally Invasive Surgery)

9.2.5.     By Indication (Spinal Trauma, Deformity)

9.2.6.     By Country

9.3.  Asia-Pacific: Country Analysis

9.3.1.     China Spinal Implant Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Product Type

9.3.1.2.2.             By Application

9.3.1.2.3.             By Material

9.3.1.2.4.             By Surgery

9.3.1.2.5.             By Indication

9.3.2.     India Spinal Implant Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Product Type

9.3.2.2.2.             By Application

9.3.2.2.3.             By Material

9.3.2.2.4.             By Surgery

9.3.2.2.5.             By Indication

9.3.3.     Japan Spinal Implant Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Product Type

9.3.3.2.2.             By Application

9.3.3.2.3.             By Material

9.3.3.2.4.             By Surgery

9.3.3.2.5.             By Indication

9.3.4.     South Korea Spinal Implant Market Outlook

9.3.4.1.         Market Size & Forecast

9.3.4.1.1.             By Value

9.3.4.2.         Market Share & Forecast

9.3.4.2.1.             By Product Type

9.3.4.2.2.             By Application

9.3.4.2.3.             By Material

9.3.4.2.4.             By Surgery

9.3.4.2.5.             By Indication

9.3.5.     Australia Spinal Implant Market Outlook

9.3.5.1.         Market Size & Forecast

9.3.5.1.1.             By Value

9.3.5.2.         Market Share & Forecast

9.3.5.2.1.             By Product Type

9.3.5.2.2.             By Application

9.3.5.2.3.             By Material

9.3.5.2.4.             By Surgery

9.3.5.2.5.             By Indication

10.  South America Spinal Implant Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Product Type (Artificial Discs, Dynamic Stabilization Devices, Spinal Fusion Implants, Others)

10.2.2.  By Application (Cervical, Thoracic, Lumber)

10.2.3.  By Material (Stainless Steel, Titanium, Cobalt Chrome, Polyetheretherketone (PEEK), Others)

10.2.4.  By Surgery (Open Surgery, Minimally Invasive Surgery)

10.2.5.  By Indication (Spinal Trauma, Deformity)

10.2.6.  By Country

10.3.              South America: Country Analysis

10.3.1.  Brazil Spinal Implant Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Product Type

10.3.1.2.2.           By Application

10.3.1.2.3.           By Material

10.3.1.2.4.           By Surgery

10.3.1.2.5.           By Indication

10.3.2.  Argentina Spinal Implant Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Product Type

10.3.2.2.2.           By Application

10.3.2.2.3.           By Material

10.3.2.2.4.           By Surgery

10.3.2.2.5.           By Indication

10.3.3.  Colombia Spinal Implant Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Product Type

10.3.3.2.2.           By Application

10.3.3.2.3.           By Material

10.3.3.2.4.           By Surgery

10.3.3.2.5.           By Indication

11.  Middle East and Africa Spinal Implant Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Product Type (Artificial Discs, Dynamic Stabilization Devices, Spinal Fusion Implants, Others)

11.2.2.  By Application (Cervical, Thoracic, Lumber)

11.2.3.  By Material (Stainless Steel, Titanium, Cobalt Chrome, Polyetheretherketone (PEEK), Others)

11.2.4.  By Surgery (Open Surgery, Minimally Invasive Surgery)

11.2.5.  By Indication (Spinal Trauma, Deformity)

11.2.6.  By Country

11.3.              MEA: Country Analysis

11.3.1.  South Africa Spinal Implant Market Outlook

11.3.1.1.      Market Size & Forecast

11.3.1.1.1.           By Value

11.3.1.2.      Market Share & Forecast

11.3.1.2.1.           By Product Type

11.3.1.2.2.           By Application

11.3.1.2.3.           By Material

11.3.1.2.4.           By Surgery

11.3.1.2.5.           By Indication

11.3.2.  Saudi Arabia Spinal Implant Market Outlook

11.3.2.1.      Market Size & Forecast

11.3.2.1.1.           By Value

11.3.2.2.      Market Share & Forecast

11.3.2.2.1.           By Product Type

11.3.2.2.2.           By Application

11.3.2.2.3.           By Material

11.3.2.2.4.           By Surgery

11.3.2.2.5.           By Indication

11.3.3.  UAE Spinal Implant Market Outlook

11.3.3.1.      Market Size & Forecast

11.3.3.1.1.           By Value

11.3.3.2.      Market Share & Forecast

11.3.3.2.1.           By Product Type

11.3.3.2.2.           By Application

11.3.3.2.3.           By Material

11.3.3.2.4.           By Surgery

11.3.3.2.5.           By Indication

12.  Market Dynamics

12.1.              Drivers

12.1.1 Rise in Incidence of Traumatic Fractures.

12.1.2 Growing Demand for Advance Technologies.

12.2.              Challenges

12.2.1 High Cost of Spinal Surgery.

12.2.2 Uncertainties About Reimbursement Procedures for the Treatment.

13.  Market Trends & Developments

13.1.              Recent Development

13.2.              Mergers & Acquisitions

13.3.              Product Launches

14.  Global Spinal Implant Market: SWOT Analysis

15.  Porter’s Five Forces Analysis

15.1.              Competition in the Industry

15.2.              Potential of New Entrants

15.3.              Power of Suppliers

15.4.              Power of Customers

15.5.              Threat of Substitute Products

16.  Competitive Landscape

16.1.              Business Overview

16.2.              Product Offerings

16.3.              Recent Developments

16.4.              Financials (As Reported)

16.5.              Key Personnel

16.6.              SWOT Analysis

16.6.1.  Medtronic Plc

16.6.2.  Johnson & Johnson.

16.6.3.  Zimmer Biomet, Inc

16.6.4.  Stryker Corporation

16.6.5.  NuVasive, Inc.

16.6.6.  Alphatec Holdings, Inc.

16.6.7.  Surgalign Holdings, Inc.

16.6.8.  B. Braun Melsungen AG

16.6.9.  SeaSpine Holdings Corporation.

16.6.10.   Globus Medical Inc.

17. Strategic Recommendations

Figures and Tables

Frequently asked questions

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The rising prevalence of spinal disorders, the launch of advanced bone grafting products, and the increasing adoption of minimally invasive surgeries are some of the major factors driving the growth of the global spinal implants market.

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Medtronic Plc, Johnson & Johnson, Zimmer Biomet, Inc, Stryker Corporation, NuVasive, Inc., Alphatec Holdings, Inc., Surgalign Holdings, Inc., B. Braun Melsungen AG, SeaSpine Holdings Corporation, Globus Medical Inc. are some of the leading players operating in the Global Spinal Implant Market.

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Spinal Fusion Implants is expected to dominate the global spinal implant market during the forecast period.

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North American region is expected to hold the largest share in the Global Spinal Implant Market.

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Sakshi Bajaal

Business Consultant
Press Release

Spinal Implant Market to be Dominated by Minimally Invasive Surgery through 2028

Jan, 2023

The increasing incidence of spinal disorders is expected to drive the growth of Global Spinal Implant Market in the forecast period, 2024-2028.

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