Global Thoracolumbar Spine Devices Market: Key Growth Drivers and Insights

The global thoracolumbar spine devices market size was USD 5.60 Billion in 2022 and is expected to register a revenue CAGR of 4.7% during the forecast period. The thoracolumbar spine devices market is witnessing significant growth due to the rising prevalence of spinal disorders and continuous advancements in technology. These devices provide enhanced stability against flexion forces, making them vital for patients suffering from thoracolumbar and lumbar spine fractures. The effectiveness of these devices addresses limitations in traditional systems, making them more attractive for both patients and healthcare providers.

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Increasing Demand for Treatment Options

There is a growing global incidence of various spinal disorders, including vertebral fractures, degenerative disc disease, spinal stenosis, and excessive kyphosis. This surge in spinal conditions has resulted in a higher demand for effective treatment options, such as thoracolumbar spine devices. The advancements in technology play a crucial role in this growth, leading to improved surgical outcomes.

Technological Advancements

Robotics and other technological innovations are enhancing the execution of spinal surgeries. Robotic assistance is known to improve screw accuracy, better correct deformities, and reduce radiation exposure for surgical teams. These advancements contribute to more precise and effective surgical procedures, particularly for thoracolumbar conditions.

Market Restraints

Despite the positive growth factors, the market faces challenges, including strong competition from companies specializing in virgin plastics. The complexity of thoracolumbar spine procedures often requires specialized devices for stabilization and fixation, which can be costly and complicated.

Emerging Trends

A notable trend in the market is the increased focus on addressing spinal injuries. With the rising frequency of these injuries, there is an escalating need for spinal devices. Treatments for congenital defects and degenerative disc problems are becoming primary goals in spinal surgeries.

In the coming years, the market share for thoracolumbar spine devices is anticipated to grow steadily, driven by an increasing percentage of treatments for cervical and lumbar disc replacement, a shift towards less invasive surgeries, and a quick adoption of biologics in spinal surgery. Furthermore, the growing number of patients with spinal fractures is expected to bolster market revenue.

Market Segmentation Insights

Device Type:

Spinal Fusion Devices: Expected to register the highest growth rate during the forecast period due to their widespread use for stabilization and correction of spinal issues.

Non-Fusion Devices: This segment accounted for the largest market share in 2022, driven by ongoing technological advancements that enhance their effectiveness.

Application:

Degenerative Disc Disease (DDD): This segment held the largest market share in 2022 due to the high prevalence of back pain associated with DDD.

Scoliosis: Anticipated to exhibit the highest growth rate during the forecast period as the prevalence of this condition rises, particularly among children and teens.

End-Use:

Orthopedic Clinics: Expected to register the highest growth due to the introduction of robotic surgery technologies, which facilitate accurate screw placement in complex cases.

Hospitals: The largest market share holder, as these facilities are primary centers for surgical procedures involving thoracolumbar spine devices.

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Thoracolumbar Spine Devices Europe Market

Europe is expected to register moderately fast market growth during the forecast period due to increasing number of Research and Development (R&D) projects for introduction of novel products is another factor driving market expansion in Europe. For instance, ZygoFix Ltd. started the first human clinical investigation for their clock-based spinal facet joint fixing technology.

Thoracolumbar Spine Devices Top Companies and Competitive Landscape

The global thoracolumbar spine devices market is moderately fragmented, with many large and medium-sized players accounting for majority of market revenue. Major businesses are using a variety of tactics, making mergers and acquisitions, strategic agreements, and contracts, as well as creating, experimenting with, and introducing more efficient thoracolumbar spine devices solutions.

Some major players included in the global thoracolumbar spine devices market report are:

Medtronic plc,

DePuy Synthes (a part of Johnson & Johnson),

Stryker Corporation,

Zimmer Biomet Holdings, Inc.,

NuVasive, Inc.,

Globus Medical, Inc.,

Orthofix Medical Inc.,

Aesculap Implant Systems (a division of B. Braun),

Alphatec Holdings, Inc.,

RTI Surgical Holdings, Inc.,

K2M, Inc. (acquired by Stryker Corporation),

Spinal Elements, Inc.,

Amedica Corporation,

Joimax GmbH,

CoreLink, LLC,

Osseus Fusion Systems,

Precision Spine, Inc.,

Captiva Spine,

Implanet,

Life Spine

Thoracolumbar Spine Devices Latest Industry Updates

On October 25, 2023 the VRTX System, the first commercially available cervical to sacrum spine system, was introduced by Aspen Medical Products with the goal of transforming spinal treatment in acute settings. In order to minimize issues for patients waiting for a custom Cervical Thoracic Lumbar Sacral Orthosis (CTLSO), the prefabricated design allows for quick fitting. The objectives of Aspen's VRTX System are to guarantee user-friendliness, reduce duration of stay, and improve operational efficiency. By offering a comprehensive spine treatment, this innovation demonstrates Aspen's dedication to enhancing the hospital environment. The VRTX System, is a prime example of Aspen's clinical solutions leadership and innovation in spine care.

On June 26, 2023, Genesys Spine launched the SIros O Oblique SI Fusion system, expanding its offerings for sacroiliac joint fusion under thoracolumbar spine devices. This system, the third in Genesys Spine's SI joint fusion lineup, incorporates patented rifled inner diameter and 3D Printed nanostructure for osteoconduction. The system, celebrated for its minimally invasive design, offers comprehensive instrumentation for smooth implant delivery, minimizing bleeding, and enhancing operative efficiencies. Dr. Jessen Mukalel, the first U.S. physician to use SIros O, reported a successful procedure, foreseeing optimized outcomes and potential reductions in opioid use for sacroiliitis.

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 For the purpose of this report, Emergen Research has segmented global thoracolumbar spine devices market on the basis of product type, application, end-use, and region:

Product Type Outlook (Revenue, USD Billion; 2019-2032)

Spinal Fusion Devices

Pedicle Screw Systems

Rods and Plates

Interbody Fusion Devices (e.g., cages)

Bone Grafts and Substitutes

Non-fusion Devices

Dynamic Stabilization Devices

Artificial Discs

Annulus Repair Devices

Application Outlook (Revenue, USD Billion; 2019-2032)

Degenerative Disc Disease (DDD)

Lumbar

Thoracic

Trauma and Fractures

Spinal Cord Injuries

Fractures of the Thoracic and Lumbar Spine

Scoliosis

Idiopathic Scoliosis

Neuromuscular Scoliosis

Tumor and Infection Removal

Spinal Tumors

Infections of the Spine

End-Use Outlook (Revenue, USD Billion; 2019-2032)

Hospitals

Ambulatory Surgical Centers (ASCs)

Orthopedic Clinics

Regional Outlook (Revenue, USD Billion; 2019-2032)

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Benelux

Rest of Europe

Asia Pacific

China

India

Japan

South Korea

Rest of APAC

Latin America

Brazil

Rest of LATAM

Middle East & Africa

Saudi Arabia

UAE

South Africa

Turkey

Rest of MEA

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Thoracolumbar Spine Devices Market Size@ https://www.emergenresearch.com/industry-report/thoracolumbar-spine-devices-market/market-size

Thoracolumbar Spine Devices Market Share@ https://www.emergenresearch.com/industry-report/thoracolumbar-spine-devices-market/market-share

Thoracolumbar Spine Devices Market Trends@ https://www.emergenresearch.com/industry-report/thoracolumbar-spine-devices-market/market-trends

Thoracolumbar Spine Devices Regional Market Demand@ https://www.emergenresearch.com/industry-report/thoracolumbar-spine-devices-market/regional-market-demand

Thoracolumbar Spine Devices Market Analysis@ https://www.emergenresearch.com/industry-report/thoracolumbar-spine-devices-market/market-analysis

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