Overview


According to FutureWise analysis the market for spinal surgery devices is expected to register a CAGR of 4.7% from 2023-2031.

Spinal surgery devices are medical devices that help to fuse shattered bones, stabilize and strengthen the spine, and treat spinal abnormalities. Some conditions that can be addressed using spinal implants and surgery tools include spondylolisthesis, fracture, scoliosis, and degenerative disc disease. Spinal surgery devices typically address conditions such as symptomatic intervertebral disc degeneration, vertebral fractures, bone tumors, and spinal abnormalities that do not respond to conservative treatment.

Spinal surgical tools are used to stabilize the unstable spine structure brought on by trauma or a slipped disc resulting from degenerative intervertebral discs. Surgery for surgical stabilization frequently uses an anterior or posterior approach. More research has been done recently to create more accurate screw insertion techniques to increase surgical procedures' effectiveness, which is anticipated to drive market growth. Demand for spinal implants has been further encouraged by the growing usage of PEEK as spinal implants because of its high strength, biocompatibility, stiffness, and longevity. Newer spinal rods, plates, screws, and other devices that can withstand enough load have been introduced. This has further increased the use of spinal surgical devices and is anticipated to support market growth.

FutureWise Market Research has published a report that provides an insightful analysis of spinal surgery devices market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, the spinal surgery devices market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.

  • DePuy Synthes
  • Medtronic
  • Stryker Corp.
  • NuVasive Inc.
  • B. Braun Melsungen AG
  • Globus Medical Inc.
  • Zimmer Biomet Holdings Inc.
  • Abbott Laboratories
  • Orthofix International N.V.
  • RTI Surgical Inc.
  • Boston Scientific
  • Ulrich GmbH & Co. Kg
  • SeaSpine Holdings Corp.
  • Spineart
  • Kuros Biosciences AG
  • Colfax Corp.
  • Bioventus
  • Implanet
  • Meditech Spine LLC.
  • Joimax GmbH

Recent developments by key players in Spinal Surgery Devices Market:

In October 2022- Centinel Spine, LLC made the pro disc Cervical Total Disc Replacement (TDR) portfolio, which allows the disc to be tailored to patient anatomy, more widely available.

The number of spine procedures has dramatically increased as a result of the frequency of spinal illnesses around the world. Spine surgery is frequently used to repair congenital anomalies and degenerative disc degeneration. Additionally, a rise in spinal fracture cases is expected to boost market expansion throughout the projection period. The widespread acceptance of biologics in spinal fusion, the rising demand for less invasive spinal therapies, and the steep increase in cervical and lumbar disc replacement surgeries are all projected to positively impact the market throughout the projection period. Moreover, key technological advances supporting the spinal devices business are the adoption of computer-based navigation systems and titanium implants, which provide clear MRI pictures and real-time spine imaging, respectively. This increased the range of less invasive techniques compared to open-back surgery. For instance, the launch of NuVasive's Pulse integrated technology platform marks a significant advancement in the spinal surgery sector. It is the first platform with various integrated technologies, making surgeries safer and more effective for surgeons. Key manufacturers are able to expand their product lines and boost client demand for this target market by utilizing technological developments in the healthcare industry. However, the high cost of healthcare restricts the potential growth of the market for spinal surgery devices. Due to the operations' steadily increasing prices, there has been a slowdown in the integration of spinal surgery technology; this has been a major obstacle for both new market entries and large hospitals, in turn hampering the market growth.

By Device Type

  • Spinal Decompression
    • Corpectomy
    • Discectomy
    • Facetectomy
    • Foraminotomy
    • Laminotomy
  • Spinal Fusion
    • Cervical Fusion
    • Interbody Fusion
    • ThoracoLumbar Fusion
    • Other Spinal Fusions
  • Fracture Repair Devices
  • Arthroplasty Devices
  • Non-fusion Devices

By End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

This market research report also emphasis on factors affecting the growth rate in various regions listed above. A deep-down analysis of region will also be provided in the final version of this market which is based on conclusion of primary interviews and secondary data point gathered during the process.

By region, the market is segmented into North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. North America registered highest share in the market in 2022. The region's market for spinal surgery devices is driven by the rising demand for minimally invasive spinal procedures and spinal surgery technology. Due to the rising number of Americans experiencing lower back issues and illnesses associated with the spine each year, it is anticipated to maintain its dominance. For instance, as many as 450 000 Americans were coping with spinal cord injuries (SCIs), according to the American Association of Neurological Surgeons' 2021 study. Additionally, several industry participants are working to implement strategic plans which support market expansion in the region.

  • Tier 1 players- established companies in the market with a major market share
  • Tier 2 players
  • Emerging players which are growing rapidly
  • New Entrants

  • Growth prospects
  • SWOT analysis
  • Key trends
  • Key data-points affecting market growth

  • To provide with an exhaustive analysis on the Spinal Surgery Devices Market By Device Type, By End User and By Region.
  • To cater comprehensive insights on factors such as drivers, restraints, trends, opportunity, and additionally segmental and regional factors impacting market growth.
  • To evaluate current market trends and forecast micro-markets and the overall market projections which are represented in the format of data-sets and ppt.
  • To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • To provide information on competitors which includes landscape mapping, technological advancements, R&D spending, news concerning strategic alliances, and new product launches.

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Table of Contents


  • 1.   Market Introduction
    •   1. Objectives of the Study
        2. Market Definition
        3. Market Scope
         3.1. Years Considered for the Study
         3.2. Market Covered
        4. Currency
        5. Limitations
        6. Stakeholders
  • 2.   Research Methodology
    •   1. Research Data
         1.1. Secondary Data
          1.1.1. Key Data from Secondary Sources
         1.2. Primary Data
          1.2.1. Key Data from Primary Sources
        2. Market Size Estimation
        3. Market Breakdown and Data Triangulation
        4. Assumptions for the Study
  • 3.   Executive Summary
    •   1. Market Outlook
        2. Segment Outlook
        3. Competitive Insights
  • 4.   Spinal Surgery Devices Market Variables, Trends and Scope
    •   1. Market Lineage Outlook
        2. Penetration and Growth Prospect Mapping
        3. Industry Value Chain Analysis
        4. Cost Analysis Breakdown
        5. Type Overview
        6. Regulatory Framework
         6.1. Reimbursement Framework
         6.2. Standards and Compliances

  • 5.   Market Overview
    •   1. Market Dynamics
         1.1. Market Driver Analysis
          1.1.1. Increasing focus of Spinal Surgery Devices Market Companies on Brand Protection
          1.1.2. Untapped Opportunities in Emerging Regions
         1.2. Market Restraint Analysis
          1.2.1. High Cost Associated with Implementation of Predictive Analysis
         1.3. Industry Challenges
          1.3.1. Presence of Ambiguous Regulatory Framework
  • 6.   Spinal Surgery Devices Market Analysis Tools
    •   1. Industry Analysis - Porter’s
         1.1. Supplier Power
         1.2. Buyer Power
         1.3. Substitution Threat
         1.4. Threat from New Entrants
         1.5. Competitive Rivalry
        2. Pestel Analysis
         2.1. Political Landscape
         2.2. Environmental Landscape
         2.3. Social Landscape
         2.4. Type Landscape
         2.5. Legal Landscape
        3. Major Deals And Strategic Alliances Analysis
         3.1. Joint Ventures
         3.2. Mergers and Acquisitions
         3.3. Licensing and Partnership
         3.4. Type Collaborations
         3.5. Strategic Divestments
        4. Market Entry Strategies
        5. Case Studies
  • 7.   Spinal Surgery Devices Market, By Device Type Historical Analysis and Forecast 2024-2032 (USD Million)
    •   1. Spinal Decompression
         1.1. Corpectomy
         1.2. Discectomy
         1.3. Facetectomy
         1.4. Foraminotomy
         1.5. Laminotomy
        2. Spinal Fusion
         2.1. Cervical Fusion
         2.2. Interbody Fusion
         2.3. ThoracoLumbar Fusion
         2.4. Other Spinal Fusions
        3. Fracture Repair Devices
        4. Arthroplasty Devices
        5. Non-fusion Devices

  • 8.   Spinal Surgery Devices Market, By End User Historical Analysis and Forecast 2024-2032 (USD Million)
    •   1. Hospitals
        2. Ambulatory Surgical Centers
        3. Others

  • 9.   North America Spinal Surgery Devices Market Analysis 2018-2023 and Forecast 2024-2032 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2023
         2.1. U.S.A
         2.2. Canada
         2.3. Mexico
        3. Market Size (USD Million) Forecast for North America 2024-2032

  • 10.   Latin America Spinal Surgery Devices Market Analysis 2018-2023 and Forecast 2024-2032 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2023
         2.1. Brazil
         2.2. Venezuela
         2.3. Argentina
         2.4. Rest of Latin America
        3. Market Size (USD Million) Forecast for Latin America 2024-2032

  • 11.   Europe Spinal Surgery Devices Market Analysis 2018-2023 and Forecast 2024-2032 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2023
         2.1. Germany
         2.2. U.K
         2.3. France
         2.4. Italy
         2.5. Spain
         2.6. Russia
         2.7. Poland
         2.8. Rest of Europe
        3. Market Size (USD Million) Forecast for Europe 2024-2032

  • 12.   Asia Pacific Spinal Surgery Devices Market Analysis 2018-2023 and Forecast 2024-2032 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2023
         2.1. Japan
         2.2. China
         2.3. India
         2.4. Australia and New Zealand
         2.5. ASEAN
         2.6. Rest of Asia Pacific
        3. Market Size (USD Million) Forecast for Asia Pacific 2024-2032

  • 13.   Middle East and Africa Market Analysis 2018-2023 and Forecast 2024-2032 (USD Million)
    •   1. Introduction
        2. Historical Market Size (USD Million) Analysis By Country, 2018-2023
         2.1. GCC
         2.2. Israel
         2.3. South Africa
         2.4. Rest of MEA
        3. Market Size (USD Million) Forecast for MEA 2024-2032

  • 14.   Market Share Analysis and Competitive Landscape
    •   1. Global Landscape - Key Players, Revenue and Presence
        2. Global Share Analysis - Key Players (Tier 1, Tier 2, Tier 3)
        3. Global Emerging Companies
        4. North America - Market Share Analysis and Key Regional Players
        5. Europe - Market Share Analysis and Key Regional Players
        6. Asia Pacific - Market Share Analysis and Key Regional Players
        7. Global Key Player - Growth Matrix
  • 15.   Company Profiles (Competition Dashboard, Competitors Deep Dive, Products Offered and Financial Layouts)
    •   1. DePuy Synthes
         1.1. Company Overview
         1.2. Product Portfolio
         1.3. SWOT Analysis
         1.4. Financial Overview
         1.5. Strategic Overview
        2. Medtronic
         2.1. Company Overview
         2.2. Product Portfolio
         2.3. SWOT Analysis
         2.4. Financial Overview
         2.5. Strategic Overview
        3. Stryker Corp.
         3.1. Company Overview
         3.2. Product Portfolio
         3.3. SWOT Analysis
         3.4. Financial Overview
         3.5. Strategic Overview
        4. NuVasive Inc.
         4.1. Company Overview
         4.2. Product Portfolio
         4.3. SWOT Analysis
         4.4. Financial Overview
         4.5. Strategic Overview
        5. B. Braun Melsungen AG
         5.1. Company Overview
         5.2. Product Portfolio
         5.3. SWOT Analysis
         5.4. Financial Overview
         5.5. Strategic Overview
        6. Globus Medical Inc.
         6.1. Company Overview
         6.2. Product Portfolio
         6.3. SWOT Analysis
         6.4. Financial Overview
         6.5. Strategic Overview
        7. Zimmer Biomet Holdings Inc.
         7.1. Company Overview
         7.2. Product Portfolio
         7.3. SWOT Analysis
         7.4. Financial Overview
         7.5. Strategic Overview
        8. Abbott Laboratories
         8.1. Company Overview
         8.2. Product Portfolio
         8.3. SWOT Analysis
         8.4. Financial Overview
         8.5. Strategic Overview
        9. Orthofix International N.V.
         9.1. Company Overview
         9.2. Product Portfolio
         9.3. SWOT Analysis
         9.4. Financial Overview
         9.5. Strategic Overview
        10. RTI Surgical Inc.
         10.1. Company Overview
         10.2. Product Portfolio
         10.3. SWOT Analysis
         10.4. Financial Overview
         10.5. Strategic Overview
        11. Boston Scientific
         11.1. Company Overview
         11.2. Product Portfolio
         11.3. SWOT Analysis
         11.4. Financial Overview
         11.5. Strategic Overview
        12. Ulrich GmbHCo. Kg
         12.1. Company Overview
         12.2. Product Portfolio
         12.3. SWOT Analysis
         12.4. Financial Overview
         12.5. Strategic Overview
        13. SeaSpine Holdings Corp.
         13.1. Company Overview
         13.2. Product Portfolio
         13.3. SWOT Analysis
         13.4. Financial Overview
         13.5. Strategic Overview
        14. Spineart
         14.1. Company Overview
         14.2. Product Portfolio
         14.3. SWOT Analysis
         14.4. Financial Overview
         14.5. Strategic Overview
        15. Kuros Biosciences AG
         1. Company Overview
         2. Product Portfolio
         3. SWOT Analysis
         4. Financial Overview
         5. Strategic Overview
        16. Colfax Corp.
         16.1. Company Overview
         16.2. Product Portfolio
         16.3. SWOT Analysis
         16.4. Financial Overview
         16.5. Strategic Overview
        17. Bioventus
         17.1. Company Overview
         17.2. Product Portfolio
         17.3. SWOT Analysis
         17.4. Financial Overview
         17.5. Strategic Overview
        18. Implanet
         18.1. Company Overview
         18.2. Product Portfolio
         18.3. SWOT Analysis
         18.4. Financial Overview
         18.5. Strategic Overview
        19. Meditech Spine LLC
         19.1. Company Overview
         19.2. Product Portfolio
         19.3. SWOT Analysis
         19.4. Financial Overview
         19.5. Strategic Overview
        20. Joimax GmbH
         20.1. Company Overview
         20.2. Product Portfolio
         20.3. SWOT Analysis
         20.4. Financial Overview
         20.5. Strategic Overview

  • 16.   Pre and Post COVID-19 Impact
    •   1. Positive influence on the healthcare industry
        2. The financial disruption of the manufacturing sector
        3. Impact of COVID-19 on emerging companies
        4. Significant mandates in the healthcare regulations initiated by
                  administrations
        5. The overall economic slowdown of the developing and developed nations

  • 17.   FutureWise SME Key Takeaway Points for Client
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