According to the report, The global Spinal Fusion Devices Market size was worth around USD 10.02 Billion in 2023 and is predicted to grow to around USD 16.06 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.38% between 2024 and 2032.
Zion Market Research has published a new report titled “Spinal Fusion Devices Market by Product (Thoracolumbar Fixation Devices, Cervical Fixation Devices, and Interbody Fusion Devices), by Surgery (Open Spine Surgery and Minimally Invasive Surgery), and by End-User (Hospital, Ambulatory Service Centers, and Orthopedic Centers) - Global Industry Perspective, Comprehensive Analysis and Forecast, 2024 – 2032”.
Spinal Fusion Devices Market Spinal fusion is a type of technique in which different types of devices are used to join two or more than two spine vertebrae. It eliminates the motion between the vertebrae and aligns the spine to its original form. The rapid increase in spinal disorders and an increase in the awareness of the different devices for spinal fusion is expected to fuel the market growth.
Spinal fusion devices market is segmented on the product, surgery, and end user. in terms of product, spinal fusion devices market is segmented into thoracolumbar fixation devices (TLFD), cervical fixation devices (CFD), and interbody fusion devices (IFD). TLFD are further divided into rods, lumbar plates, pedicle screws, hooks, and others. CFD are further segmented into hook fixation system, anterior cervical plates, screws, & others. IFD is sub-segmented into bone fusion devices and non-bone fusion devices. TLFD segment is anticipated to lead the market. The increasing spine disorder of thoracic & lumbar region is expected to fuel the growth of thoracolumbar fixation devices segment.
Based on the surgery, the spinal fusion devices market is further segmented into open spine surgery & minimally invasive surgery. Open spine surgery segment dominated the market in 2017; however, in the forecast period minimally invasive surgery segment is expected to witness the highest growth. Minimally invasive surgeries are expected to witness growth due to the less risk as compared to that of open surgeries and have fewer complications after surgery.
On the basis of the end user, the spinal fusion devices market is segmented into ASCs, hospital, and orthopedic centers. Hospital segment is expected to dominate the spinal fusion devices market in the forecast period. The investment done by hospitals in the technology and a greater patient pool as compared to other end users are expected to fuel the growth of hospital segment.
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa are the regional segments of spinal fusion devices market. North America is anticipated to lead the market in the forecast period due to an increase in awareness about the treatment of spinal disorders and well-established healthcare infrastructure. The rapid increase in investment in the healthcare industry and the rapid increase in the geriatric population is expected to fuel the growth of the market in the European region. Asia Pacific is expected to show the highest CAGR due to increase in healthcare expenditure and low cost required for spinal surgeries and the rapid increase in the geriatric & obese population. Latin America & the Middle East and Africa regions are anticipated to show a steady growth rate due to an increase in the occurrence of spinal disorders and growing expenditure on healthcare.
Spinal Fusion Devices Market: Competitive Space
The key players in the global spinal fusion devices market are
- NuVasive, Inc.
- Globus Medical. Inc.
- DePuy Synthes
- RTI Surgical. Inc.
- Medtronic. Plc
- Orthofix International N.V.
- Stryker Corporation
- K2M Group Holdings Inc.
- Alphatec Holdings. Inc.
- Zimmer Biomet Holdings. Inc.
This report segments the global spinal fusion devices market as follows:
Global Spinal Fusion Devices Market: Product Segment Analysis
- Thoraco-Lumbar Fixation DevicesLumbar PlatesRodsHooksPedicle ScrewsOthers
- Cervical Fixation DevicesAnterior Cervical PlatesHook Fixation SystemsScrewsOthers
- Interbody Fusion DevicesNon-bone Fusion devicesBone fusion Devices
Global Spinal Fusion Devices Market: Surgery Segment Analysis
- Open Spine Surgery
- Minimally Invasive Surgery
Global Spinal Fusion Devices Market: End-User Segment Analysis
- Hospital
- Ambulatory Service Centers
- Orthopedic Centers
Global Spinal Fusion Devices Market: Regional Segment Analysis
- North AmericaThe U.S.
- EuropeUKFranceGermany
- Asia PacificChinaJapanIndia
- Latin AmericaBrazil
- The Middle East and Africa
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