Spinal Implants Market Research Report Information By Product (Spinal Fusion Devices, Non- Fusion Devices, Spinal Bone Stimulators), By Surgery (Minimally Invasive Surgery, And Open Surgery), By Material (Titanium, Titanium-Alloy, Steel, & Plastic), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

Global Spinal Implants Market Overview

Spinal Implants Market Size was valued at USD 7.9 billion in 2022 and is projected to grow from USD 8.33 Billion in 2023 to USD 11.49 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2023 - 2030).Increasing occurrences of cervical injuries and rising development of cost-effective spinal devices and safer technology are the key market drivers enhancing the market growth.

 Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Spinal Implants Market Trends

• Growing Prevalence of spine injuries to boost market growth

These have been a major concern that are attempted to be inscription by the medical fraternity.  The root cause of the same can be traced back to lifestyle changes, lack of flexibility and exercise, and wrong posture which can result into stress in cervical and spine regions. As per National Spinal Cord Injury Statistical Center (NSCSC), car accidents, as well as bulldozers, forklifts, steamrollers, and other unspecified vehicles, are the driving factors of the spinal implants market.

Further, the bioresorbable spinal implants are used in spine surgeries to treat different spine ailments. In specific spinal restoration procedures with improved and advanced fusion healing and image assessment properties, the use of bioabsorbable material is very important. The advanced technology in spinal implants such as introduction of custom-fit and 3D printed spinal implants is providing vendors with profitable growth opportunities through demand for innovative & advanced technology products with increased efficiency and high performance.

Additionally, according to the NCBI in October 2021, reported that there are an estimated 768,473 new spinal injury cases worldwide each year, with the global incidence of traumatic spinal fractures being 10.5 per 100,000 people. Moreover, a November 2022 NCBI article noted that fall sand motor vehicle incidents accounted for 25% and 50%, respectively, of spine fractures in younger patients. The annual incidence of spinal compression fracture was 10.7 per 1000 women and 5.7 per 1000 males worldwide, according to the survey. Similarly, as per the Spinal Injury Association United Kingdom 2021, 50,000 people in the UK are thought to be living with the spinal cord injuries, and about 2500 people per year are injured or diagnosed with them. Therefore, such medical condition related to the spine injuries has enhanced the Spinal Implants market CAGR across the globe in the recent years.

However, to cater the demand there has been significant advances in the treatment innovations. For instance, there has been a number of introductions of biomaterial spinal implants is another factor driving the growth of the spinal implants market revenue.

Spinal Implants Market Segment Insights

Spinal Implants Product Insights

The Spinal Implants Market segmentation, based on product includes spinal fusion devices, non-fusion devices, and spinal bone stimulators. The spinal fusion devices segment held the majority share in 2022 contribution in respect to the Spinal Implants Market revenue. This is primarily owing to the rising prevalence of degenerative disc disease and growing aging population across the globe. Spinal fusion device implants includes interverteble body fusion device (IBFD), rods, plates, cages, pedicle screws, and others. The implant procedure is implemented on patients with degenerative disk disease, suffering from spondylolisthesis, spinal stenosis, scoliosis, tumor, herniated disk, and infection.

August 2022: Nexus Spine launched the Press ON posterior lumbar fixation system. Instead of utilizing set screws to attach rods, Press ON uses rods that push pedicle screws, which avoids the chance of set screw loosening.

June 2021: Simplify Medical was acquired by NuVasive, a privately held company that produced the Simplify Cervical Artificial Disc for cervical total disc replacement.

Spinal Implants Procedure Insights

The Spinal Implants Market segmentation, based on procedure, include open surgery and minimally invasive surgery. The minimally invasive surgery segment dominated the market in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. This is due to the reducing the risk of muscle damage, faster recovery, and has a low chance of complications or infections of surgery.

May 2022: Minuteman G5 implant launched by Spinal Simplicity, The Minuteman is a interspinous- interlaminar, minimally invasive fusion device envisioned for the fixation and stabilization of the thoracic, sacral spine , and lunar.

Hence, increasing use of minimally invasive surgery procedure for spinal implants positively impacts the market growth.

Figure 1: Spinal Implants Market, by Procedure, 2022 & 2030 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Spinal Implants Material Insights

Based on Material, the global spinal implants industry has been segmented into titanium, titanium-alloy, steel, and plastic. Steel and plastic held the largest segment share in 2022, owing to the rapid adoption of advanced Spinal Implants surgery products, and the accessibility of skilled medical staff. Moreover, increasing government initiatives to improve the healthcare infrastructure, and the growing number of spinal implants surgeries such as minimally invasive spine surgery, and others segment is expected to boost the market growth during the assessed timeline. Titanium and titanium-alloy is the fastest growing sector in the coming years.

Spinal Implants Regional Insights

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America spinal implants market accounted for USD 3.61 billion in 2022 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the growing incidence of spine abnormalities such as kyphosis, lordosis, and scoliosis as well as an ageing population across the region.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: SPINAL IMPLANTS MARKET SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe spinal implants market accounts for the second-largest market share due to the availability of cutting-edge treatment facilities, government backing for the growth of the healthcare industry, an ageing population, and an increase in incidence of degenerative disc disease. Further, the Germany spinal implants market held the largest market share, and the UK spinal implants market was the fastest growing market in the European region.

The Asia-Pacific spinal implants Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to increased rates of degenerative disc disease, the rapidly growing medical tourism industry, and rising healthcare costs. Moreover, China spinal implants market held the largest market share, and the India spinal implants market was the fastest growing market in the Asia-Pacific region.

For instance, India spinal implants market is the favored destination for medical travelers due to the availability of surgeons, cutting-edge technology, & cost-effective treatments.

Spinal Implants Key Market Players & Competitive Insights

Major market players are spending a lot of money on R&D to increase their product lines, which will help the spinal implants market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the spinal implants industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the global spinal implants industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, spinal implants industry has provided medicine with some of the most significant benefits. The spinal implants market major player such as Medtronic Inc (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) and others are working to expand the market demand by investing in research and development activities.

 SeaSpine Holdings Corporation, is a global medical technology company concentrated on the development, commercialization, and design of surgical solutions for the treatment of patients suffering from spinal ailments. In October 2021, SeaSpine Holdings Corporation accomplishment of first cases in both Australia and the United States for the 7D surgical percutaneous spine module. The launching of the percutaneous module signifies an application and improved functionality for its 7D flash Navigation system.

Key Companies in the Spinal Implants market includes

• Medtronic Inc (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 Bioscience AG (Switzerland)

Spinal Implants Industry Developments

 2020: Stimgenics, a US-based, privately held company was acquired by Medtronic that invented a novel spinal cord stimulation (SCS).

November 2020: DePuy Synthes launched the SYMPHONY Occipito-Cervico-Thoracic (OCT) System.

2019: NuVasive (US) launched Modules TLIF-O.

2018: NuVasive (US) and Biedermann Motech GmbH & Co. KG (Germany) join hands to access intellectual properties and co-develop state-of-the-art complex spine solutions.

March 2021: IMPLANET made a bid to buy the majority of Orthopedic and Spine Development (OSD), a business that specialized in implants for spine surgery.

Spinal Implants Market Segmentation

Spinal Implants Product Outlook

• Spinal Fusion Devices


• Non-Fusion Devices


• Spinal Bone Stimulators

Spinal Implants Procedures Outlook

• Open Surgery


• Minimally Invasive Surgery

Spinal Implants Material Outlook

• Titanium


• Titanium-Alloy


• Steel


• Plastic

Spinal Implants Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America