The market for spinal implant and devices is expected to grow at a CAGR of around 5.7% from 2021 to 2028 and expected to reach the market value of around US$ 16,850.3 Mn by 2028.
Spinal implants are the devices that are used by surgeons during surgery to treat deformity, stabilize and strengthen the spine, and facilitate fusion. These implants are manufactured from the materials which are biocompatible or body-friendly and capable of providing optimal spinal stabilization and strength. The disorders which are treated with the help of spine implants and devices include degenerative disc disease, scoliosis, kyphosis, spondylolisthesis, and fracture.
Market Dynamics
The advancements in spine surgery technologies along with the increasing incidence of spinal disorders across the globe due to changing lifestyle and unhealthy diet plans are supporting the market growth. The launch of advanced bone grafting products and increasing demand for minimally invasive surgical procedures are supporting the market value. Furthermore, the emerging markets of developing economies and the increasing number of hospitals and surgical centers are projected to create potential demand over the forecast period from 2021 to 2028.
On the other hand, high costs associated with the treatment procedures as well as uncertainties in reimbursement policies of some economies are anticipated to restrict the growth to an extent over the estimated period.
Open surgery registered major revenue share (%) in the global market
By type of surgery, open surgery is leading the market with major revenue share (%) and the segment is also projected to maintain its dominance over the estimated period from 2020 to 2027. Open surgeries have importance in alleviating back pain, which is incurable by non-surgical treatment options or other medication, which is a factor contributing to its dominance.
North America accounted for the maximum revenue share in the Spinal Implant and Devices market
In 2020, the spinal implant and devices market is dominated by the North America region. North America is also projected to maintain its dominance over the forecast period from 2020 to 2027. The well-established healthcare infrastructure and manufacturers of spinal implants and devices are supporting the regional market value. The major economies of the region including US and Canada are major contributors to the regional market value. Moreover, Asia Pacific is projected to exhibit the fastest growth over the estimated period from 2020 to 2027.
The players profiled in the report include Abbott Laboratories (US), B. Braun Melsungen AG (Germany), Bioventus LLC (US), Boston Scientific (US), Colfax Corporation (US), DePuy Synthes (US), Globus Medical, Inc. (US), Implanet (France), Kuros Biosciences AG (Switzerland), Meditech Spine, LLC (US), Medtronic (Ireland), NuVasive, Inc. (US), Orthofix International N.V. (US), RTI Surgical, Inc. (US), SeaSpine Holdings Corporation (US), Spineart (Switzerland), Stryker Corporation (US), ulrich GmbH & Co. KG (Germany), and Zimmer Biomet Holdings, Inc. (US). The major spinal implant and devices players were involved in strategic developments for escalating the profit share in regional as well as the global market. The major investments were announced for the technological advancements associated with the changing consumer demand for spinal implant and devices.
Market Segmentation
Market By Product
Spinal Fusion devices
Spinal biologics
Vertebral compression fracture treatment devices
Non-fusion devices
Spinal bone growth stimulators
Others
Market By Technology
Fusion and fixation technology
Vertebral compression fracture treatment
Motion preservation technologies
Market By Type of Surgery
Open surgery
Minimally invasive surgery
Market By Procedure Type
Discectomy
Laminotomy
Foraminotomy
Facetectomy
Corpectomy
Market By Geography
North America
• U.S.
• Canada
Europe
• U.K.
• Germany
• France
• Spain
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Australia
• South Korea
• Rest of Asia-Pacific
Latin America
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa
• GCC
• South Africa
• Rest of Middle East & Africa
CHAPTER 1.Industry Overview of Spinal Implant And Devices
1.1.Definition and Scope
1.1.1.Definition of Spinal Implant And Devices
1.1.2.Market Segmentation
1.1.3.Years Considered for the Study
1.1.4.Assumptions and Acronyms Used
1.1.4.1.Market Assumptions and Market Forecast
1.1.4.2.Acronyms Used in Global Spinal Implant And Devices Market
1.2.Summary
1.2.1.Executive Summary
1.2.2.Spinal Implant And Devices Market By Product
1.2.3.Spinal Implant And Devices Market By Technology
1.2.4.Spinal Implant And Devices Market By Type of Surgery
1.2.5.Spinal Implant And Devices Market By Procedure Type
1.2.6.Spinal Implant And Devices Market by Regions
CHAPTER 2.Research Approach
2.1.Methodology
2.1.1.Research Programs
2.1.2.Market Size Estimation
2.1.3.Market Breakdown and Data Triangulation
2.2.Data Source
2.2.1.Secondary Sources
2.2.2.Primary Sources
CHAPTER 3.Market Dynamics And Competition Analysis
3.1.Market Drivers
3.1.1.Driver 1
3.1.2.Driver 2
3.2.Restraints and Challenges
3.2.1.Restrain 1
3.2.2.Restrain 2
3.3.Growth Opportunities
3.3.1.Opportunity 1
3.3.2.Opportunity 2
3.4.Porter’s Five Forces Analysis
3.4.1.Bargaining Power of Suppliers
3.4.2.Bargaining Power of Buyers
3.4.3.Threat of Substitute
3.4.4.Threat of New Entrants
3.4.5.Degree of Competition
3.5.Regulatory Compliance
3.6.Competitive Landscape, 2020
3.6.1.Player Positioning Analysis
3.6.2.Key Strategies Adopted By Leading Players
CHAPTER 4.Spinal Implant And Devices Market By Product
4.1.Introduction
4.2.Spinal Implant And Devices Revenue By Product
4.2.1.Spinal Implant And Devices Revenue (US$ Mn) and Forecast, By Product, 2017 - 2028
4.2.2.Spinal Fusion devices
4.2.2.1.Spinal Fusion devices Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
4.2.3.Spinal biologics
4.2.3.1.Spinal biologics Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
4.2.4.Vertebral compression fracture treatment devices
4.2.4.1.Vertebral compression fracture treatment devices Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
4.2.5.Non-fusion devices
4.2.5.1.Non-fusion devices Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
4.2.6.Spinal bone growth stimulators
4.2.6.1.Spinal bone growth stimulators Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
4.2.7.Others
4.2.7.1.Others Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
CHAPTER 5.Spinal Implant And Devices Market Revenue By Technology
5.1.Introduction
5.2.Spinal Implant And Devices Revenue (US$ Mn) By Technology
5.2.1.Spinal Implant And Devices Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
5.2.2.Fusion and fixation technology
5.2.2.1.Fusion and fixation technology Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
5.2.3.Vertebral compression fracture treatment
5.2.3.1.Vertebral compression fracture treatment Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
5.2.4.Motion preservation technologies
5.2.4.1.Motion preservation technologies Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
CHAPTER 6.Spinal Implant And Devices Market By Type of Surgery
6.1.Introduction
6.2.Spinal Implant And Devices Revenue (US$) By Type of Surgery
6.2.1.Spinal Implant And Devices Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
6.3.Open surgery
6.3.1.Open surgery Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
6.4.Minimally invasive surgery
6.4.1.Minimally invasive surgery Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
CHAPTER 7.Spinal Implant And Devices Market By Procedure Type
7.1.Introduction
7.2.Spinal Implant And Devices Revenue (US$) By Procedure Type
7.2.1.Spinal Implant And Devices Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
7.3.Discectomy
7.3.1.Discectomy Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
7.4.Laminotomy
7.4.1.Laminotomy Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
7.5.Foraminotomy
7.5.1.Foraminotomy Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
7.6.Facetectomy
7.6.1.Facetectomy Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
7.7.Corpectomy
7.7.1.Corpectomy Market Revenue (US$ Mn) and Growth Rate (%), 2017 - 2028
CHAPTER 8.North America Spinal Implant And Devices Market By Country
8.1.North America Spinal Implant And Devices Overview
8.2.U.S.
8.2.1.U.S. Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
8.2.2.U.S. Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
8.2.3.U.S. Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
8.2.4.U.S. Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
8.3.Canada
8.3.1.Canada Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
8.3.2.Canada Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
8.3.3.Canada Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
8.3.4.Canada Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
8.4.North America PEST Analysis
CHAPTER 9.Europe Spinal Implant And Devices Market By Country
9.1.Europe Spinal Implant And Devices Market Overview
9.2.U.K.
9.2.1.U.K. Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
9.2.2.U.K. Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
9.2.3.U.K. Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
9.2.4.U.K. Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
9.3.Germany
9.3.1.Germany Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
9.3.2.Germany Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
9.3.3.Germany Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
9.3.4.Germany Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
9.4.France
9.4.1.France Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
9.4.2.France Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
9.4.3.France Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
9.4.4.France Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
9.5.Spain
9.5.1.Spain Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
9.5.2.Spain Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
9.5.3.Spain Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
9.5.4.Spain Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
9.6.Rest of Europe
9.6.1.Rest of Europe Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
9.6.2.Rest of Europe Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
9.6.3.Rest of Europe Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
9.6.4.Rest of Europe Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
9.7.Europe PEST Analysis
CHAPTER 10.Asia Pacific Spinal Implant And Devices Market By Country
10.1.Asia Pacific Spinal Implant And Devices Market Overview
10.2.China
10.2.1.China Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
10.2.2.China Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
10.2.3.China Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
10.2.4.China Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
10.3.Japan
10.3.1.Japan Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
10.3.2.Japan Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
10.3.3.Japan Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
10.3.4.Japan Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
10.4.India
10.4.1.India Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
10.4.2.India Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
10.4.3.India Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
10.4.4.India Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
10.5.Australia
10.5.1.Australia Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
10.5.2.Australia Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
10.5.3.Australia Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
10.5.4.Australia Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
10.6.South Korea
10.6.1.South Korea Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
10.6.2.South Korea Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
10.6.3.South Korea Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
10.6.4.South Korea Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
10.7.Rest of Asia-Pacific
10.7.1.Rest of Asia-Pacific Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
10.7.2.Rest of Asia-Pacific Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
10.7.3.Rest of Asia-Pacific Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
10.7.4.Rest of Asia-Pacific Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
10.8.Asia Pacific PEST Analysis
CHAPTER 11.Latin America Spinal Implant And Devices Market By Country
11.1.Latin America Spinal Implant And Devices Market Overview
11.2.Brazil
11.2.1.Brazil Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
11.2.2.Brazil Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
11.2.3.Brazil Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
11.2.4.Brazil Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
11.3.Mexico
11.3.1.Mexico Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
11.3.2.Mexico Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
11.3.3.Mexico Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
11.3.4.Mexico Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
11.4.Rest of Latin America
11.4.1.Rest of Latin America Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
11.4.2.Rest of Latin America Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
11.4.3.Rest of Latin America Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
11.4.4.Rest of Latin America Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
CHAPTER 12.Middle East & Africa Spinal Implant And Devices Market By Country
12.1.Middle East & Africa Spinal Implant And Devices Market Overview
12.2.Saudi Arabia
12.2.1.Saudi Arabia Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
12.2.2.Saudi Arabia Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
12.2.3.Saudi Arabia Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
12.2.4.Saudi Arabia Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
12.3.UAE
12.3.1.UAE Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
12.3.2.UAE Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
12.3.3.UAE Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
12.3.4.UAE Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
12.4.Rest of Middle East & Africa
12.4.1.Rest of Middle East & Africa Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Product, 2017 - 2028
12.4.2.Rest of Middle East & Africa Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Technology, 2017 - 2028
12.4.3.Rest of Middle East & Africa Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Type of Surgery, 2017 - 2028
12.4.4.Rest of Middle East & Africa Spinal Implant And Devices Market Revenue (US$ Mn) and Forecast By Procedure Type, 2017 - 2028
CHAPTER 13.Player Analysis Of Spinal Implant And Devices
13.1.Spinal Implant And Devices Market Company Share Analysis
13.2.Competition Matrix
13.2.1.Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2.New Product Launches and Product Enhancements
13.2.3.Mergers And Acquisition In Global Spinal Implant And Devices Market
13.2.4.Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14.Company Profile
14.1.Abbott Laboratories
14.1.1.Company Snapshot
14.1.2.Business Overview
14.1.3.Financial Overview
14.1.3.1.Revenue (US$ Mn), 2020
14.1.3.2.Abbott Laboratories 2020 Spinal Implant And Devices Business Regional Distribution
14.1.4.Product/ Service and Specification
14.1.5.Recent Developments & Business Strategy
14.1.6.Manufacturing Plant Footprint Analysis
14.2.B. Braun Melsungen AG
14.3.Bioventus LLC
14.4.Boston Scientific
14.5.Colfax Corporation
14.6.DePuy Synthes
14.7.Globus Medical, Inc.
14.8.Implanet
14.9.Kuros Biosciences AG
14.10.Meditech Spine, LLC
14.11.Medtronic
14.12.NuVasive, Inc.
14.13.Orthofix International N.V.
14.14.RTI Surgical, Inc.
14.15.SeaSpine Holdings Corporation
14.16.Spineart
14.17.Stryker Corporation
14.18.ulrich GmbH & Co. KG
14.19.Zimmer Biomet Holdings, Inc.
14.20.Others
