Spinal Implants Market Size | Global Demand and Business Trends 2032

The global spinal implants market, valued at USD 7.83 billion in 2022, is expected to grow at a rapid compound annual growth rate (CAGR) of 5.1% during the forecast period. This growth is driven by the rising prevalence of spinal disorders, an increase in minimally invasive surgical procedures, and rapid advancements in spinal surgery technologies.

Spinal implants are essential tools used in spinal surgeries to aid in fusion, stabilize the spine, correct deformities, and enhance overall spinal strength. These implants, made from durable metals such as stainless steel or titanium, come in various sizes tailored to individual treatment needs. According to the National Centre for Health Statistics, approximately one in four people experience chronic low back pain, highlighting the significant demand for effective spinal treatments.

The increase in lower back pain cases, often leading to conditions like sciatica and degenerative spinal disorders, is a major contributor to the growing market. The National Spinal Cord Injury Statistical Centre reported over 51,000 individuals registered with traumatic spinal cord injuries in the U.S. as of June 2022, indicating a substantial patient population requiring surgical intervention. Lifestyle factors, such as obesity and smoking, further exacerbate spinal issues, leading to a greater need for implants.

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Market Drivers: Advancements in Surgery Techniques

The adoption of minimally invasive surgical (MIS) techniques is a key factor propelling market growth. These methods, which include advanced surgical tools and techniques, significantly reduce recovery times and surgical risks. For instance, Medtronic plc recently introduced innovative spinal technologies that enhance surgical precision and improve patient outcomes.

A noteworthy trend is the development of implants that allow for motion-preserving stabilization. RTI Surgical Holdings, for example, launched the Coflex device, which is designed to treat lumbar spinal stenosis while preserving spinal motion. This device can be used in outpatient settings and accommodates various patient anatomies, thus promoting faster recovery.

Challenges: High Treatment Costs

Despite the promising growth, high treatment costs pose a significant challenge for the spinal implants market. The expenses associated with spinal surgeries-including the cost of implants, hospital stays, and post-operative care-can be burdensome for both patients and healthcare systems. A 2021 study estimated that the annual cost of spine treatments in the U.S. could reach USD 105 billion, with prices for individual implants like cervical plates and lumbar cages often exceeding thousands of dollars.

Market Segment Insights

In terms of product segmentation, the thoracic and lumbar fusion devices segment dominated the market in 2022, fueled by an increasing number of spinal treatments. The rising prevalence of lumbar degenerative disc disease is also contributing to the segment's growth.

The non-fusion devices segment is expected to witness moderate growth due to innovations in implant technology. These devices, which provide spinal stability without fusion, are beneficial for patients and are increasingly favored, especially among the elderly population.

Regarding technology, the spinal fusion and fixation segment is projected to hold a substantial market share, driven by various FDA approvals for new spinal technologies. Conversely, the motion preservation/non-fusion segment is anticipated to grow at the fastest rate, offering alternatives to traditional fusion methods and appealing to patients seeking improved mobility.

Type of Surgery Insights

The market is also segmented by the type of surgery, with minimally invasive surgeries expected to dominate the market share. These procedures, characterized by smaller incisions and advanced imaging techniques, are gaining popularity for treating a range of spinal conditions, including disc herniation and spinal tumors.

Spinal Implants Top Companies and Competitive Landscape

The global spinal implants market is fragmented with many large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective spinal implants treatment in the market.

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Some major players included in the global spinal implants market report are:

Globus Medical
Abbott
Orthofix US LLC,
Braun SE
Zimmer Biomet
Medtronic
Boston Scientific Corporation
Stryker
Exactech, Inc.
Nuvasive, Inc.
Integra LifeSciences
RTI Surgical Holdings
ATEC Spine, Inc.
Ulrich GmbH & Co. KG
SeaSpine

Spinal Implants Latest Industry Updates

In November 2020, Medtronic purchased Medicrea, a French startup that was at the forefront of Artificial Intelligence (AI) and predictive modelling revolution in spinal surgery.

In November 2020, Deputy Synthes, a U.S. subsidiary of Johnson & Johnson Services, Inc., introduced Symphony Occipito-Cervico-Thoracic (OCT) System to treat patients with severe cervical spine problems.

Spinal Implants Market Segmentation Analysis
For the purpose of this report, Emergen Research has segmented the global spinal implants market on the basis of product, technology, type of surgery, and region:

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

Thoracic Fusion and Lumbar Fusion Devices
Posterior Thoracic Fusion and Lumbar Fusion Devices
Interbody Thoracic Fusion and Lumbar Fusion Devices

Anterior Thoracic Fusion and Lumbar Fusion Devices
Cervical Fusion Devices
Anterior Cervical Fusion Devices
Anterior Cervical Plates
Cervical Interbody Fusion Devices
Anterior Cervical Screw Systems
Posterior Cervical Fusion Devices
Posterior Cervical Plates
Posterior Cervical Screws
Posterior Cervical Rods
Spine Biologics
Demineralized Bone Matrix

Bone Morphogenetic Proteins
Bone Substitutes
Machined Bones
Cell-based Matrices
Allograft Bone
Vertebral Compression Fractures (VCF) Treatment Devices
Balloon Kyphoplasty Devices
Vertebroplasty Devices
Spinal Decompression Devices
Discectomy

Laminoplasty, Laminectomy, and Laminotomy
Foraminotomy and Foraminectomy
Facetectomy
Corpectomy
Non-fusion Devices
Dynamic Stabilization Devices
Interspinous Process Spacers
Pedicle Screw-based Dynamic Rod Devices

Facet Replacement Products
Artificial Discs
Artificial Cervical Discs
Nuclear Disc Prostheses
Annulus Repair Devices
Nuclear Disc Prostheses
Spine Bone Stimulators
Noninvasive Spine Bone Stimulators

Pulsed Electromagnetic Field Devices
Capacitive Coupling (CC) and Craniomaxillofacial (CMF) Devices
Invasive Spine Bone Stimulators

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

Spinal Fusion and Fixation.
Motion Preservation/Non-fusion
Vertebral Compression Fracture Treatment
Spinal Decompression

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

Open Surgeries
Minimally Invasive Surgeries

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

North America
U.S.
Canada
Europe
Germany
France
UK
Italy
Spain
Benelux
Russia
Rest of Europe
Asia Pacific
China
Japan
South Korea
India
ASEAN Countries
Oceania
Rest of APAC
Latin America
Brazil
Mexico
Rest of LATAM
Middle East & Africa
GCC Countries
Israel
Turkey
South Africa
Rest of Middle East & Africa

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