Spinal Implants Market Research Report: By Product (Spinal Fusion Devices, Non-Fusion Devices, Spinal Bone Stimulators), Procedure (Open Surgery, Minimally Invasive Surgery), Material (Titanium, Titanium-Alloy, Steel, Plastic) - Forecast To 2027
ID: MRFR/MED/1518-HCR | August 2022 | Region: Global | 80 Pages
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope of the Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
5.1 Porter’s Five Forces Analysis
5.1.1 Bargaining Power of Suppliers
5.1.2 Bargaining Power of Buyers
5.1.3 Threat of New Entrants
5.1.4 Threat of Substitutes
5.1.5 Intensity of Rivalry
5.2 Value Chain Analysis
5.3 Investment Feasibility Analysis
5.4 Pricing Analysis
Chapter 6. Global Spinal Implants Market, by Configuration
6.1 Introduction
6.2 Spinal Fusion Devices
6.2.1 Thoracolumbar Devices
6.2.1.1 Anterior Lumbar Plates
6.2.1.2 Lumbar Plates
6.2.1.3 Pedicle Screw
6.2.1.4 Rods
6.2.1.5 Hooks
6.2.1.6 Wires & Cables
6.2.1.7 Crosslinks
6.2.2 Cervical Fixation Devices
6.2.2.1 Anterior Cervical Plates
6.2.2.2 Hook Fixation Systems
6.2.2.3 Plates & Screws
6.2.2.4 Clamps
6.2.2.5 Wires
6.2.3 Interbody Fusion Devices
6.2.3.1 Non-Bone Interbody Fusion Devices
6.2.3.2 Bone Interbody Fusion Devices
6.3 Non-Fusion Devices/Motion Preservation Devices
6.3.1 Dynamic Stabilization Devices
6.3.1.1 Interspinous. Process Spacers
6.3.1.2 Pedicle Screw-Based Systems
6.3.1.3 Facet Replacement Products
6.3.2 Artificial Discs
6.3.2.1 Artificial Cervical Discs
6.3.2.2 Artificial Lumbar Discs
6.3.3 Annulus. Repair Devices
6.3.4 Nuclear Disc Prostheses
6.4 Vertebral Compression Fracture (VCF) Treatment Devices
6.4.1 Balloon Kyphoplasty Devices
6.4.2 Vertebroplasty Devices
6.5 Spinal Bone Stimulators
6.5.1 Non-Invasive Spine Bone Stimulators
6.5.1.1 Pulsed Electromagnetic Field Device
6.5.1.2 Capacitive Coupling (CC) and Combined Magnetic Field (CMF) Devices
6.5.2 Invasive Spine Bone Stimulators
6.6 Spine Biologics
6.6.1 Spinal Allografts
6.6.1.1 Machined Bones Allograft
6.6.1.2 Demineralized Bone Matrix
6.6.2 Bone Graft Substitutes
6.6.2.1 Bone Morphogenetic Proteins
6.6.2.2 Synthetic Bone Grafts
6.6.3 Cell-Based Matrix
Chapter 7. Global Spinal Implants Market, by Procedure
7.1 Introduction
7.2 Open Surgery
7.3 Minimally Invasive Surgery
7.4 Others
Chapter 7. Global Spinal Implants Market, by Material
7.1 Introduction
7.2 Titanium
7.3 Titanium-Alloy
7.4 Stainless Steel
7.5 Plastic
7.6 Others
Chapter .8 Global Spinal Implants Market, by Region
8.1 Introduction
8.2 Americas
8.2.1 North America
8.2.1.1 U.S.
8.2.1.2 Canada
8.2.2 South America
8.3 Europe
8.3.1 Western Europe
8.3.1.1 Germany
8.3.1.2 France
8.3.1.3 Italy
8.3.1.4 Spain
8.3.1.5 U.K.
8.3.1.6 Rest of Western Europe
8.3.2 Eastern Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 Republic of Korea
8.4.6 Rest of Asia Pacific
8.5 The Middle East & Africa
8.5.1 United Arab Emirates
8.5.2 Saudi Arabia
8.5.3 Oman
8.5.4 Kuwait
8.5.5 Qatar
8.5.6 Rest of the Middle East & Africa
Chapter 9 Company Landscape
9.1 Introduction
9.2 Market Share Analysis
9.3 Key Development & Strategies
9.3.1 Key Developments
Chapter 10 Company Profiles
10.1 Medtronic, plc
10.1.1 Company Overview
10.1.2 Product Overview
10.1.3 Financials
10.1.4 SWOT Analysis
10.2 Depuy Synthes Inc.
10.2.1 Company Overview
10.2.2 Product Overview
10.2.3 Financial Overview
10.2.4 Key Developments
10.2.5 SWOT Analysis
10.3 Stryker Corporation
10.3.1 Company Overview
10.3.2 Product Overview
10.3.3 Financial Overview
10.3.4 Key Development
10.3.5 SWOT Analysis
10.4 NuVasive, Inc.
10.4.1 Company Overview
10.4.2 Product/Business Segment Overview
10.4.3 Financial Overview
10.4.4 Key Development
10.4.5 SWOT Analysis
10.5 Zimmer Biomet Holdings, Inc.
10.5.1 Company Overview
10.5.2 Product Overview
10.5.3 Financial overview
10.5.4 Key Developments
10.6 Globus. Medical, Inc.
10.6.1 Company Overview
10.6.2 Product Overview
10.6.3 Financial Overview
10.6.4 Key Developments
10.7 Alphatec Holdings, Inc.
10.7.1 Overview
10.7.2 Product Overview
10.7.3 Financials
10.7.4 Key Developments
10.7.5 SWOT Analysis
10.8 Orthofix International N.V.
10.8.1 Company Overview
10.8.2 Product/Business Segment Overview
10.8.3 Financial Overview
10.8.4 Key Development
10.8.5 SWOT Analysis
10.9 K2M Group Holdings, Inc.
10.9.1 Company Overview
10.9.2 Product Overview
10.9.3 Financial overview
10.9.4 Key Developments
10.10 RTI Surgical, Inc.
10.10.1 Company Overview
10.10.2 Product Overview
10.10.3 Financial overview
10.10.4 Key Developments
10.11 Amedica Corporation
10.11.1 Company Overview
10.11.2 Product Overview
10.11.3 Financial overview
10.11.4 Key Developments
10.12 Others
Chapter 11 MRFR Conclusion
11.1 Key Findings
11.1.1 From CEO’s View Point
11.1.2 Unmet Needs of the Market
11.2 Key Companies to Watch
11.3 Prediction of the Pharmaceutical Industry
Chapter 12 Appendix
LIST OF TABLES
Table 1 Spinal Implants Industry Synopsis, 2020-2027
Table 2 Spinal Implants Market Estimates & Forecast, 2020-2027, (USD Million)
Table 3 Spinal Implants Market, by Region, 2020-2027, (USD Million)
Table 4 Spinal Implants Market, by Configuration, 2020-2027, (USD Million)
Table 5 Spinal Implants Market, by Application, 2020-2027, (USD Million)
Table 6 Spinal Implants Market, by End-U.S.er, 2020-2027, (USD Million)
Table 7 North America Spinal Implants Market, by Configuration, 2020-2027, (USD Million)
Table 8 North America Spinal Implants Market, by Application, 2020-2027, (USD Million)
Table 9 North America Spinal Implants Market, by End-U.S.er, 2020-2027, (USD Million)
Table 10 U.S. Spinal Implants Market, by Configuration, 2020-2027, (USD Million)
Table 11 U.S. Spinal Implants Market, by Application, 2020-2027, (USD Million)
Table 12 U.S. Spinal Implants Market, by End-U.S.er, 2020-2027, (USD Million)
Table 13 Canada Spinal Implants Market, by Configuration, 2020-2027, (USD Million)
Table 14 Canada Spinal Implants Market, by Application, 2020-2027, (USD Million)
Table 15 Canada Spinal Implants Market, by End-U.S.er, 2020-2027, (USD Million)
Table 16 South America Spinal Implants Market, by Configuration, 2020-2027, (USD Million)
Table 17 South America Spinal Implants Market, by Application, 2020-2027, (USD Million)
Table 18 South America Spinal Implants Market, by End-U.S.er, 2020-2027, (USD Million)
Table 19 Europe Spinal Implants Market, by Configuration, 2020-2027, (USD Million)
Table 20 Europe Spinal Implants Market, by Application, 2020-2027, (USD Million)
Table 21 Europe Spinal Implants Market, by End-U.S.er, 2020-2027, (USD Million)
Table 22 Western Europe Spinal Implants Market, by Configuration, 2020-2027, (USD Million)
Table 23 Western Europe Spinal Implants Market, by Application, 2020-2027, (USD Million)
Table 24 Western Europe Spinal Implants Market, by End-U.S.er, 2020-2027, (USD Million)
Table 25 Eastern Europe Spinal Implants Market, by Configuration, 2020-2027, (USD Million)
Table 26 Eastern Europe Spinal Implants Market, by Application, 2020-2027, (USD Million)
Table 27 Eastern Europe Spinal Implants Market, by End-U.S.er, 2020-2027, (USD Million)
Table 28 Asia Pacific Spinal Implants Market, by Configuration, 2020-2027, (USD Million)
Table 29 Asia Pacific Spinal Implants Market, by Application, 2020-2027, (USD Million)
Table 30 Asia Pacific Spinal Implants Market, by End-U.S.er, 2020-2027, (USD Million)
Table 31 The Middle East & Africa Spinal Implants Market, by Configuration, 2020-2027, (USD Million)
Table 32 The Middle East & Africa Spinal Implants Market, by Application, 2020-2027, (USD Million)
Table 33 The Middle East & Africa Spinal Implants Market, by End-U.S.er, 2020-2027, (USD Million)
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation of the Spinal Implants Market
Figure 3 Segmentation Market Dynamics for Spinal Implants Market
Figure 4 Global Spinal Implants Market Share, by Configuration 2020
Figure 5 Global Spinal Implants Market Share, by Application 2020
Figure 6 Global Spinal Implants Market Share, by Region, 2020
Figure 7 Americas Spinal Implants Market Share, by Country, 2020
Figure 8 Europe Spinal Implants Market Share, by Country, 2020
Figure 9 Asia Pacific Spinal Implants Market Share, by Country, 2020
Figure 10 Middle East & Africa Spinal Implants Market Share, by Country, 2020
Figure 11 Global Spinal Implants Market: Company Share Analysis, 2020 (%)
Figure 12 Medtronic, plc: Key Financials
Figure 13 Medtronic, plc: Segmental Revenue
Figure 14 Medtronic, plc: Geographical Revenue
Figure 15 Depuy Synthes Inc.: Key Financials
Figure 16 Depuy Synthes Inc.: Segmental Revenue
Figure 17 Depuy Synthes Inc.: Geographical Revenue
Figure 18 Stryker Corporation: Key Financials
Figure 19 Stryker Corporation: Segmental Revenue
Figure 20 Stryker Corporation: Geographical Revenue
Figure 21 NuVasive, Inc..: Key Financials
Figure 22 NuVasive, Inc..: Segmental Revenue
Figure 23 NuVasive, Inc..: Geographical Revenue
Figure 24 Zimmer Biomet Holdings, Inc.: Key Financials
Figure 25 Zimmer Biomet Holdings, Inc.: Segmental Revenue
Figure 26 Zimmer Biomet Holdings, Inc.: Geographical Revenue
Figure 27 Globus. Medical, Inc.: Key Financials
Figure 28 Globus. Medical, Inc.: Segmental Revenue
Figure 29 Globus. Medical, Inc.: Geographical Revenue
Figure 30 Alphatec Holdings, Inc.: Key Financials
Figure 31 Alphatec Holdings, Inc.: Segmental Revenue
Figure 32 Alphatec Holdings, Inc.: Geographical Revenue
Figure 33 Orthofix International N.V.: Key Financials
Figure 34 Orthofix International N.V..: Segmental Revenue
Figure 35 Orthofix International N.V.: Geographical Revenue
Spinal Implants Market
The spinal implants market size is witnessing a large demand owing to the deteriorating condition of patients due to bad posture, lifestyle changes, and, lack of exercise and flexibility amongst others
$11,862.5 Million
Market Size
5%
CAGR
North America
Dominating Region
2022-2030
Forecast Period
Segmentation
Key Players
- Medtronic (Ireland)
- Implant (France)
- DePuy Synthes (US)
- Meditech Spine LLC (US)
- NuVasive Inc. (US)
- SeaSpine Holdings Corporation (US)
- Stryker Corporation (US)
- UlrichGmbH & Co. KG (Germany)
- Kuros Biosciences AG (Switzerland)
Drivers
- Rising occurrence and prevalence of spinal ailments
- Development of safer technology and cost-effective spinal devices
- Increasing demand for minimally invasive spine surgery
Spinal Implants Market Overview
The spinal implants market size is witnessing a large demand owing to the deteriorating condition of patients due to bad posture, lifestyle changes, and, lack of exercise and flexibility amongst others. Spinal implants can be recognized as devices that are used by surgeons to treat patient issues like a deformity. Also, the implants are used for stabilization and strengthening of the spine alongside facilitating fusion. Some of the disorders that make use of spinal implants for treatment are scoliosis, kyphosis, and spinal features. However, the non-fusion implants are put to use in the absence of a bone graft. The patients that are suffering from spine-related issues are demanding surgeries and also, the market is witnessing an increased incidence of spine-related disorders. Surgeries and treatment for the spine are in trend but this is a result of patients ignoring the initial stages of pain for a long period.
Owing to all these factors, the spinal implants market needs to make surgeries available that suit a larger audience and provides them with the much-needed attention. This need will help the spinal implants market grow during the ongoing forecast period ending in 2023 at a CAGR quantum of 5.5%
COVID 19 Analysis
Owing to the fatality and the rise in the number of patients who are covid positive, most of the healthcare workers and doctors are devoted to treating these patients. The cases are rising with each passing day and the severity of the situation demands more healthcare workers to treat these patients. Also, the hospitals, OPDs, surgical rooms, and other wards are being converted into isolation centers to meet the requirement of beds for the covid positive patients. So, there is less availability of emergency and operational units for the people who wish to get admitted because of issues like spinal injuries and operations. Also, the less availability of doctors to conduct surgeries is a matter of concern. The appointments are online and the waiting list is already very long.
To help the patients who are suffering from spinal issues and ensure their health and treatment, the government is investing in the development of a large healthcare infrastructure that has all the updated and advanced facilities. With the situation getting in control, emergency surgeries for the spine and restoring the patient’s health are being considered. However, the hospitals and doctors are making it a point to cater to the norms like social distancing, prior appointment, and online checkups on regular basis. Additionally, the spinal implants market players across the world are aiming to develop treatments to maintain the health of patients and also provide them with the best, qualitative, and reliable healthcare facilities.
Market Dynamics
Drivers
The global spinal implants market players are eyeing the development of a safer technology for medical surgeries, implants, and solutions. They are largely investing in the research and development department so that they can reach treatment kinds that make efficient use of advanced technology. Also, minimally invasive spine surgery has a major role to play in driving the global demand for the spinal implants market growth.
Restraints
However, the procedural cost to conduct the surgeries and transplants is high which a major concern for the patients is. Also, stringent regulatory guidelines are stopping the players to implement planned and affordable solutions for patients across the globe. Also, the developing countries do not have the feature to reimburse the expenditure that has been done by the patient or relative on the treatment and surgeries. All these factors are restraining the spinal implants market from global growth.
Technology Analysis
The major market players functioning across various locations are collaborating with the government to make use of regulations and investment in developing surgeries and devices to help people suffering from spinal issues. The main aim for using the regulations and developing advanced infrastructure and devices is to help the patients with cost-effective services, techniques, and devices. People should have access to the best quality of healthcare services without worrying about the cost, budget, and affordability.
Study Objectives
- To understand the scope of the spinal implants market across various global locations post the pandemic by discussing the drivers and restraints available to the market
- To study the various functional segments of the spinal implants market and their contribution towards helping the market reach the predicted market valuation on the expected CAGR rate
- To analyze the market diversity by studying the market’s functions across various geographies of the world and also drawing a competitive graph considering the recent developments of the companies functional in these regions
Segment Overview
The spinal implants market segments have a major role to play in determining the final market valuation during the current forecast period ending in 2023. The report discusses the basis on which the market has been segmented to provide clarity over the market functions and their performance worldwide. The spinal implants market has been bifurcated based on the following:
Product
The product segment of the market includes both spinal fusion and non-fusion devices. Also, the spinal implants market products consist of spinal bone stimulators which are gaining a lot of momentum these days.
Procedure
The procedure for treatment and getting the spinal implants is either open surgery or minimally invasive surgery. Minimally invasive surgery is gaining recognition worldwide across various healthcare providers.
Material
The material that is used in the treatment is either steel or plastic. Also, the market services make use of titanium and alloy of titanium on the requirement, as well.
Regional Analysis
The spinal implants market analysis shows the functioning of the market in 5 major regions that is North America and Latin America, APAC, Europe, alongside the Middle East and Africa. As per the market trends and development of the regions, the APAC region is likely to have a major contribution to the CAGR rate of the global spinal implants market. The main reason that is pushing the APAC region’s growth is the improvement of healthcare and related infrastructure. Also, the insurance coverage related to health and wellness is on a rise amongst the population of the APAC region which is further acting as the fuel for the global growth of the spinal implants market.
The North American market is also gearing up by investing in healthcare services and infrastructure for a larger benefit of the patients suffering from spine-related problems.
Competitive Landscape
The global spinal implants market valuation is a result of the key growth strategies taken up by the market players spread across various regions across the world. The prominent players of the spinal implants market are as follows:
- Medtronic (Ireland)
- Implant (France)
- DePuy Synthes (US)
- Meditech Spine, LLC (US)
- NuVasive, Inc. (US)
- SeaSpine Holdings Corporation (US)
- Stryker Corporation (US)
- UlrichGmbH & Co. KG (Germany)
- Kuros Biosciences AG (Switzerland)
- Bioventus, LLC (US)
- Braun Melsungen AG (Germany)
- Colfax Corporation (US)
- RTI Surgical, Inc. (US)
- Orthofix International N.V. (US)
- Zimmer Biomet Holdings, Inc. (US)
- Globus Medical, Inc. (US)
- Abbott Laboratories (US)
- Boston Scientific (US)
- Spineart (Switzerland)
Recent Developments
- Medtronic, a company belonging to Ireland enjoys the lead position for spinal implants amongst the global spinal implants market. To maintain the position and ensure growth in the future, the company is focusing on product launches, and also opting for agreements and partnerships in the form of growth strategies for the future.
- The companies belonging to the North American region are open for collaborations to enhance their geographical footprint and also, are focusing on the development of equipment that does not burn the pockets. This is majorly for the developing regions across the globe.
- The APAC region is eyeing a dominant position by the end of the global forecast period. For the same, the companies belonging to this region are improvising on their reimbursement scenario for surgeries and treatment and also creating awareness and spreading information regarding spinal treatments to break the myths.
- The European countries are focusing on the availability of product portfolios that will help the companies gain a larger and stronger geographical presence. These are expected to provide a fruitful return in terms of global presence to the players and benefit to the population that is suffering from spine-related medical issues and emergencies in the upcoming years.
Report Overview
The global report consists of the spinal implants market analysis to predict the CAGR rate of growth and the spinal implants market valuation by the end of the forecast period in 2022. The report considers the opinions of the key market experts and traders to analyze the market dynamics in terms of drivers and the associated risks. Also, the report discusses the future scope of the market. For the same, the report mentions the market segmentation and its functions in major geographies of the world. The report also considers the functions of these segments and the parent companies to depict the competitive degree in the market. Also, the recent developments are well covered which will help in predicting the company-wise domination.
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size | 2027: Significant Value |
| CAGR | 5.5% (2017-2023) |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Data | 2018 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product, Procedure, Material |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Medtronic, plc (Ireland), Depuy Synthes Inc. (Johnson & Johnson) (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), RTI Surgical, Inc. (U.S.), Amedica Corporation (U.S.), Exactech Inc. (U.S.), Integra LifeSciences (U.S.), LDR Holding Corporation (U.S.), Quandary Medical LLC (U.S.), AESCULAP (U.S.), Alliance Spine (U.S.), Apollo Spine (U.S.), Premia Spine (Israel), Ascendx Spine (U.S.), A-Spine (Taiwan), Back 2 Basics Spine (Canada), Accel Spine (U.S.), SI-BONE (U.S.), Captiva Spine Inc. (U.S.), Centinel Spine (U.S.), Life Spine (U.S.), SpineGuard (France), NLT Spine (U.S.), Paradigm Spine LLC (U.S.), Precision Spine (U.S.), Reliance Medical Systems (U.S.), Spinal Solutions Inc. (U.S.), Spine Frontier (U.S.), Spineart Geneva SA (Switzerland) |
| Key Market Opportunities |
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| Key Market Drivers |
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Frequently Asked Questions (FAQ) :
At what CAGR is the spinal implants market projected to grow during the forecast period (2017-2023)?
The spinal implants market is expected to register over 5.5% CAGR over the assessment period (2017-2023).
Development of safer and cost-effective spinal devices.
North America holds the largest share in the spinal implants market followed by Europe and Asia Pacific, respectively.
Depuy Synthes Inc. (US), Medtronic, plc (Ireland), Stryker Corporation (US), Zimmer Biomet Holdings, Inc. (US), NuVasive, Inc. (US), Globus Medical, Inc. (US), Orthofix International N.V. (Netherlands), Alphatec Holdings, Inc. (U.S.), K2M Group Holdings, Inc. (US), Amedica Corporation (US), RTI Surgical, Inc. (US), Exactech Inc. (US), LDR Holding Corporation (US), Integra LifeSciences (US), Quandary Medical LLC (US), Alliance Spine (US), AESCULAP (US), Apollo Spine (US), Ascendx Spine (US), Premia Spine (Israel), A-Spine (Taiwan), Accel Spine (US), Back 2 Basics Spine (Canada), SI-BONE (US), Centinel Spine (US), Captiva Spine Inc. (US), Life Spine (US), NLT Spine (US), SpineGuard (France), Paradigm Spine LLC (US), Reliance Medical Systems (US), Precision Spine (US), Spinal Solutions Inc. (US), Spineart Geneva SA (Switzerland), and Spine Frontier (US), are some of the major players operating in the global spinal implants market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global spinal implants market adopt to gain a larger competitive advantage.
