Spine Surgery Devices Market will generate new growth opportunities 2021-2028 | Zimmer Biomet Holdings Inc., Stryker Corporation, DePuy Spine Inc.

Market Overview

Spine Surgery Devices are medical instruments that are used to fix the vertebrae of the spinal column. They are made from metals, such as titanium, stainless steel, or a combination of these. Once placed in the interbody disc space, these medical instruments can be inserted into the patient's spinal cord, thereby facilitating the surgical procedure. Various types of instruments are available, including a tubular retractor, which increases the amount of bone graft injected into the disc space.

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Market Dynamics

Increasing incidence of spinal disorders such as spinal cord injuries (SCI), back pain, osteoporosis, and vertebral fractures are expected to drive growth of the global spine surgery devices market during the forecast period. According to the National Spinal Cord Injury Statistical Center at UAB, in 2019, around 17,730 new SCI cases occur. As per the International Osteoporosis Foundation (ISF), by 2050, over 50% of all osteoporotic hip fractures will occur in Asia. Such spinal disorders require adequate treatment and in worse situations, surgical procedures. As a result of this, the demand for spine surgery devices has increased. Hence, such factors are expected to drive growth of the global spine surgery devices market during the forecast period.

However, the high cost of the treatment procedures and uncertainty surrounding reimbursements are expected to hamper the global spine surgery devices market growth over the forecast period.

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Impact of COVID-19

The global spine surgery devices market witnessed a major slowdown due to the COVID-19 pandemic outbreak. During 2020, the economic activities were extensively affected since several countries adopted stringent lockdown policies, in order to curb the spread of the virus. As a result of this, many manufacturing companies had to shut down their operations, in order to comply with regulations. Furthermore, the global supply chain industry witnessed massive disruption, thereby exhibiting a major negative impact on the market growth.

Key Takeaways

This is owing to the launch of technologically advanced products. For instance, in September 2021, Medtronic plc, a medical device company, launched minimally invasive spine surgery devices including Catalyft PL and PL40.

Among regions, North America is expected to witness significant growth in the global spine surgery devices market during the forecast period. This is owing to rising geriatric population and sports injuries in the region.

Key companies operating in the global spine surgery devices market are Medtronic PLC, Stryker Corporation, Globus Medical Inc., Depuy Synthes Spine Inc., Abbott Laboratories, Boston Scientific Company, B. Braun Melsungen, Zimmer Holdings Inc., Aspen Medical Products, and SpineGuard SA

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Table of Content

Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Spine Surgery Devices Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Spine Surgery Devices Industry Impact

Chapter 2 Global Spine Surgery Devices Competition by Types, Applications, and Top Regions and Countries
2.1 Global Spine Surgery Devices (Volume and Value) by Type
2.3 Global Spine Surgery Devices (Volume and Value) by Regions

Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis

Chapter 4 Global Spine Surgery Devices Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Spine Surgery Devices Market Analysis
Chapter 6 East Asia Spine Surgery Devices Market Analysis
Chapter 7 Europe Spine Surgery Devices Market Analysis
Chapter 8 South Asia Spine Surgery Devices Market Analysis
Chapter 9 Southeast Asia Spine Surgery Devices Market Analysis
Chapter 10 Middle East Spine Surgery Devices Market Analysis
Chapter 11 Africa Spine Surgery Devices Market Analysis
Chapter 12 Oceania Spine Surgery Devices Market Analysis
Chapter 13 South America Spine Surgery Devices Market Analysis
Chapter 14 Company Profiles and Key Figures in Spine Surgery Devices Business
Chapter 15 Global Spine Surgery Devices Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology

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