Spinal disorders are among the most common medical conditions and a leading driver of healthcare costs worldwide with significant impact on health-related quality of life, use of health care resources and socio-economic costs. A boon for those suffering from spinal deformities, spinal implants today have emerged as a major breakthrough in the field of medicine. Spinal surgery is still one of the fastest growing areas in clinical medicine. Spine disorders range in severity from mild pain and loss of feeling to extreme pain and paralysis. These disorders are primarily caused by degenerative conditions in the spine, deformity, tumors and trauma. Surgical treatments for spine disorders can be instrumented, which include the use of spinal implants. 

SPINAL IMPLANTS AND SURGICAL DEVICES MARKET DYNAMICS

There are many factors which are driving the spinal implants and surgical devices market like increasing prevalence of spinal disorders, technological advancements in spine surgeries, advent of minimally invasive spine surgery techniques and rise in incidence of spinal disorders. In addition, surge in geriatric population is anticipated to fuel the demand for spinal fusion devices, globally. However, unfavourable reimbursement scenario and stringent regulatory approval process hamper the market growth to some extent.

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GROWING GERIATRIC POPULACE SUPPORTS THE GROWTH OF THE MARKET 

The key drivers of the spinal implant market are the escalation of the geriatric populace susceptible to spinal disorders. Older populace poses unique challenges to health care systems and to spinal physicians as these patients typically have an increased number of medical comorbidities, reduced bone density mass, more severe spinal degeneration and a greater propensity to falls. For instance, the number of Americans ages 65 and older is projected to more than double from 46 million today to over 98 million by 2060, and the 65-and-older age group’s share of the total population will rise to nearly 24 percent from 15 percent.

SPINAL IMPLANTS AND SURGICAL DEVICES MARKET SEGMENTAL OVERVIEW

The report analyses the Spinal implants and surgical devices market based on product, technology, surgery and geography. 

SPINAL IMPLANTS AND SURGICAL DEVICES MARKET BY PRODUCT 

Based on the type of product, the spinal implants market is classified into five segments, namely, Spinal Fusion Devices, Non-Fusion Devices/Motion Preservation Devices, Vertebral Compression Fracture (VCF) Treatment Devices, Spinal Bone Stimulators and Spine Biologics. The Spinal Fusion Devices consists of Thoracolumbar Devices, Cervical Fixation Devices and Interbody Fusion Devices. The Thoracolumbar Devices include Posterior Thoracic Fusion and Lumbar Fusion Devices and Anterior Thoracic Fusion and Lumbar Fusion Devices and Sacroiliac Joint Fusion Devices. The Cervical Fixation Devices are sub categorized into Anterior Cervical Fusion Devices and Posterior Cervical Fusion Devices. Further, the Interbody Fusion Devices are accessible as Non-Bone Interbody Fusion Devices and Bone Interbody Fusion Devices. Sacroiliac Joint Fusion Devices encompasses Minimal invasive Sacroiliac joint fusion and others. The Non-Fusion Devices/Motion Preservation Devices are available as Dynamic Stabilization Devices, Artificial Discs, Annulus Repair Devices and Nuclear Disc Prostheses. The Dynamic Stabilization Devices studied in this report include Interspinous Process Spacers, Pedicle Screw-Based Systems and Facet Replacement Products. The Artificial Discs encompasses Artificial Cervical Discs and Artificial Lumbar Discs. Further, The Vertebral Compression Fracture (VCF) Treatment Devices are sub categorized into Balloon Kyphoplasty Devices and Vertebroplasty Devices. The Spinal Bone Stimulators includes Non-Invasive Spine Bone Stimulators and Invasive Spine Bone Stimulators. The Non-Invasive Spine Bone Stimulators is further classified into Pulsed Electromagnetic Field Device and Capacitive Coupling (CC) and Combined (Electro) Magnetic Field (CMF) Devices. The Spine Biologics segment comprises of Allografts, Bone Graft Substitutes, and Cell-Based Matrices. Allografts are of two types including Demineralized Bone Matrix (DBM) and Machined Allografts and Bone Graft Substitutes include Bone Morphogenic Proteins (BMP) and Synthetic Bone Grafts. 

SPINAL IMPLANTS AND SURGICAL DEVICES MARKET BY TECHNOLOGY 

The various spinal implants and surgical devices technologies studies in this report include Spinal fusion and fixation technologies, vertebral compression fracture treatment, motion preservation/non-fusion technologies, spinal decompression. There is growing trend of the motion preservation/non-fusion segment owing to the development of technologically advanced non-fusion devices and rising demand for minimally invasive surgical procedures among patients. 

SPINAL IMPLANTS AND SURGICAL DEVICES MARKET BY SURGERY 

Spinal implant and surgical devices are utilized in various surgeries including open spine surgery and minimally invasive spine surgery. Open spinal surgery requires larger incisions, muscle stripping, more anesthesia, operating time, hospitalization and usually take more time to recuperate. Whereas, minimally invasive surgical techniques utilize portals or tiny incisions made in the skin (percutaneous) through which small, specialized instruments are inserted. Today many different types of spine surgery can be performed utilizing minimally invasive techniques. Spine surgery has been transformed significantly by the growth of minimally invasive surgery (MIS) procedures.

SPINAL IMPLANTS AND SURGICAL DEVICES MARKET BY GEOGRAPHY 

By geography, the spinal implants and surgical devices market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and rest of the world regions which includes Latin America, and Middle East Africa. North America is anticipated to be the dominant region in the global Spinal implants and surgical devices market due to increasing spinal cord injury cases, availability of enhanced healthcare facilities, availability of advanced healthcare coupled with the raising the awareness levels and providing education to the healthcare professionals and public.

SPINAL IMPLANTS AND SURGICAL DEVICES MARKET KEY PLAYERS

Some of the major players operating in this region include DePuy Synthes (U.S.), Medtronic, plc (Ireland), 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.), and RTI Surgical, Inc. (U.S.) among others

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