How Has the Spine Implants Market Evolved Historically and What is its Current Size
The spine implants market has seen considerable growth due to a variety of factors.
• The market size for spine implants has been progressively expanding in the past couple of years. It is expected to increase from $11.65 billion in 2024 to approximately $12.08 billion by 2025, with a compound annual growth rate (CAGR) of about 3.7%.
Factors contributing to this growth during the historical period include increased cases of spinal disorders, expansion in the number of healthcare institutions, burgeoning demand for spinal surgeries in developing markets, a surge in the older population, introduction of sophisticated bone grafting products, and a rise in the preference for minimally invasive spine surgical procedures.
What Is The Projected Growth And Market Size For The Spine Implants
The spine implants market is expected to maintain its strong growth trajectory in upcoming years.
• In the forthcoming years, the spine implants market is anticipated to experience substantial growth, reaching a value of $15.11 billion in 2029 with a compound annual growth rate (CAGR) of 5.8%.
Its progression during this forecast period can be credited to development in spine surgery techniques, an increase in the elderly populace, changes in daily routines, an accelerated rate of economic development, and a rise in compensation for spine implants. The main trends for the forecast period include the use of nanosurface technology in creating new bioceramic materials, emphasis on the development of innovative metals, the inception of novel motion preservation apparatus for spine implants, investing in 3D printing technologies, provision of patient-focused instrumentation, and adaptive spine technology (AST), with a focus on minimally invasive spinal surgery and unique, endoscopic spinal surgery.
Which Drivers Are Accelerating Growth In The Spine Implants Market?
The anticipated growth of the spinal implants market is largely due to the increasing number of elderly individuals. This demographic shift, characterized by a higher percentage of people aged 65 and above, is typically attributed to decreased birth rates and extended life spans. The escalation in the elderly populace stems largely from advancements in healthcare that have led to longer life spans, together with waning birth rates across several nations. There's a growing need for spinal implants among older people to treat age-related issues such as osteoporosis, spinal degeneration, and chronic pain, issues that can significantly impair mobility and living standards. As per a report by the World Health Organization (WHO), a public health organization based in Switzerland, it is projected that by 2030, one in every six individuals globally will be 60 or above. By 2050, the global population is set to include 2.1 billion people aged 60 or above. Consequently, the increase in the elderly population is a significant driving factor behind the expansion of the spinal implants market.
What Are The Main Segments Of The Global Spine Implants Market?
The spine implants market covered in this report is segmented –
1) By Product: Spinal Fusion Devices, Non-Fusion Devices/Motion Preservation Devices, Vertebral Compression Fracture (VCF) Treatment Devices, Spinal Bone Stimulators And Spine Biologics
2) By Procedure: Open Surgery, Minimally Invasive Surgery (MIS)
3) By Material: Metallic, Polymeric, Ceramic
4) By End User: Hospitals, Specialty Orthopedic And Spine Centers, Ambulatory Surgical Centers
Subsegments:
1) By Spinal Fusion Devices: Interbody Fusion Cages, Pedicle Screws And Rods, Bone Grafts And Substitutes
2) By Non-Fusion Devices / Motion Preservation Devices: Artificial Discs, Dynamic Stabilization Devices, Interspinous Spacers
3) By Vertebral Compression Fracture (VCF) Treatment Devices: Kyphoplasty Balloons, Vertebroplasty Kits
4) By Spinal Bone Stimulators: Electrical Bone Stimulators, Ultrasound Bone Stimulators
5) By Spine Biologics: Bone Graft Materials (Synthetic And Natural), Growth Factors And Stem Cell Products
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What Emerging Trends Are Influencing The Growth Of The Spine Implants Market?
Prominent businesses engaged in the spinal implants industry are focussing on creating superior technology products such as lateral spine implants. These implants are introduced to bring about less interference with the musculature, alleviate pain, and encourage expedited recuperation in spinal surgeries. Lateral spine implants play a crucial role in spinal fusion operations by entering from the side of the spine, providing stability and support to the vertebrae - thus propelling their healing and alignment. To provide an example, in February 2022, the American orthopedic implant firm, 4WEB Medical, unveiled the Hyperlordotic Lateral Spine Truss System (LSTS). The impressive aspect of the newest LSTS range is its assortment of implants with 18, 24, and 30-degree lordotic angles specifically created for anterior longitudinal release methods in spine correction. The implants from the latest portfolio, combined with 4WEB's lumbar spinal plates, aid in decreasing the need for more invasive operations. Furthermore, the lateral access range also includes implants adjusted for direct lateral, anterior-to-psoas (ATP), and prone lateral methods.
Who Are the Key Players in the Spine Implants Market?
Major companies operating in the spine implants market include:
• Medtronic plc
• Johnson & Johnson
• Stryker Corporation
• NuVasive. Inc.
• Zimmer Biomet Holdings. Inc.
• Orthofix Medical Inc.
• SeaSpine Holdings Corporation
• Narang Medical Limited
• Atlas Surgical
• Auxein Medical and Sharma Spine Medical Pvt. Ltd
• Teijin Nakashima Medical Co
• Seikagaku Corporation
• Anatomics
• New Zealand Spine (NZOA)
• Tianjin Walkman Biomaterials
• Sunan Zimede Medical Instruments Co. Ltd
• Smith & Nephew
• aap Implantate AG
• Orthopaedic & Spine Development (OSD)
• Waldemar Link GmbH & Co. KG
• Amplitude SAS
• Corin Group PLC
• Precision Medical Technologies (Poland)
• Baltic Implants
• Aequos Endoprothetik GmbH
• Beznoska Company Ltd
• SpineGuard
• Integra Life Sciences
• B. Braun Melsungen AG
• Benvenue Medical
• DePuy Synthes
• Globus Medical. Inc.
• Aesculap. Inc.
• Alphatec Spine
• Neoortho
• NOVAX DMA
• Spine Argentina
• SAI (South America Implants)
• Shaarani Group
• Babil Medical Equipment
• Southern Medical (Pty) Ltd
• SASpine
• EliteSurgical
• TiTaMED
What Is The Most Dominant Region In The Spine Implants Market?
North America was the largest region in the spine implants market in 2024. Western Europe was the second largest region in the spine implants market report. The regions covered in the spine implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
