Spinal Surgery Device Market Overview
As per MRFR analysis, the Spinal Surgery Device Market Size was estimated at 12.19 (USD Billion) in 2022.
The Spinal Surgery Device Market is expected to grow from 13.5 (USD Billion) in 2023 to 33.87 (USD Billion) by 2032. The Spinal Surgery Device Market CAGR (growth rate) is expected to be around 10.76% during the forecast period (2024 - 2032).
Key Spinal Surgery Device Market Trends Highlighted
The aging population is growing, spinal problems are becoming more common, and surgical technique developments are major market drivers for spinal surgery devices.
Demand for these devices is being driven by the rise in spinal procedures conducted to treat degenerative disc degeneration, herniated discs, and spinal stenosis.
Technological advancements in minimally invasive treatments, robotics in surgery, and the incorporation of artificial intelligence (AI) and data analytics in surgical navigation and planning present promising avenues for investigation in the spinal surgery device market.
Improvements in patient safety, shorter recovery periods, and better surgical results are anticipated from these developments.
Preoperative planning and intraoperative guidance using augmented and virtual reality (AR/VR) are becoming more common, as is the use of 3D printing technology to create customized implants for individual patients. These are some of the latest trends in the spinal surgery device market.
Enhancing the accuracy and effectiveness of spinal procedures, these developments are revolutionizing the surgical field.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Spinal Surgery Device Market Drivers
Increasing Prevalence of Spinal Disorders
The increasing prevalence of various spinal disorders such as spinal stenosis, degenerative disc diseases, spondylolisthesis, and so on is a primary factor that contributes to the rising growth of the Global Spinal Surgery Device Market.
Issues such as these lead to severe pain, stiffness, damage to the spinal cord and nerves, and further complications that involve many different surgical interventions. In general, the aging population in developed countries experiences the most significant growth in spinal disorders.
The problem here is that with age, the development of diseases of the spine becomes much more likely. Subsequently, the number of people in need of spinal operations and, accordingly, spinal surgery devices also grow exponentially.
Technological Advancements and Innovation
The Global Spinal Surgery Device Market is constantly evolving, driven by technological advancements and innovation. Medical device companies are investing heavily in research and development to create more effective and less invasive surgical solutions.
The introduction of minimally invasive surgical techniques, such as robotic-assisted surgery and endoscopic surgery, has revolutionized the field of spinal surgery. These techniques offer several advantages over traditional open surgery, including reduced trauma to surrounding tissues, faster recovery times, and improved clinical outcomes.
Rising Healthcare Expenditure and Insurance Coverage
Increasing healthcare expenditure and insurance coverage on a global scale is one of the leading drivers of the growth of the Global Spinal Surgery Device Market.
The governments and private insurance providers are focusing on providing timely and efficient treatment for various spinal disorders and, as a result, increasingly offering reimbursement for spinal surgeries and devices and making them more affordable for patients. The growing awareness of the presence of spinal disorders and the availability of advanced treatment for the same is making a greater number of patients approach the medication and, in turn, drive the demand for spinal surgery devices on a global scale.
Spinal Surgery Device Market Segment Insights
Spinal Surgery Device Market Surgical Approach Insights
The Global Spinal Surgery Device Market is categorized based on surgical approach into open surgery, minimally invasive surgery, and robotic surgery. Open surgery dominated the global spinal surgery device in 2023, and it is expected to dominate the global market in 2032 as well.
The growth of this segment can be attributed to the fact that open surgery is a well-established procedure and a widely accepted technique for spinal surgery. It allows surgeons to visualize the surgical site, which helps to carry out procedures precisely.
Further, as minimally invasive surgery and robotic surgery are relatively new, they are anticipated to witness significant growth during the forecast period.
However, minimally invasive surgery reduces trauma to the surrounding tissues and muscles, thereby reducing postoperative pain and speeding up recovery, which gives the segment the potential to grow.
Robotic surgery, on the other hand, enables highly accurate surgery, which aids in reducing the risk of injury to the patients.
Owing to steep learning curves and slow adoption rates, the growth of minimally invasive surgery and robotic surgery is expected to slow. However, it is expected to drive their market growth during the forecast period as well.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Spinal Surgery Device Market Implant Type Insights
The Implant Type segment of the Global Spinal Surgery Device Market is expected to witness substantial growth in the coming years. Spinal fusion devices, which accounted for the largest market share in 2023, are projected to maintain their dominance throughout the forecast period.
The rising prevalence of spinal disorders, coupled with the increasing adoption of minimally invasive surgical techniques, is driving the demand for spinal fusion devices. Spinal cord stimulation devices are also expected to experience significant growth due to their effectiveness in treating chronic pain conditions.
The market for spinal deformity correction devices is anticipated to expand at a steady pace, driven by the growing number of patients suffering from spinal deformities such as scoliosis and kyphosis.
Artificial disc replacements and vertebroplasty and kyphoplasty devices are other key segments that are expected to contribute to the overall growth of the Implant Type segment in the Global Spinal Surgery Device Market.
Spinal Surgery Device Market Treatment Type Insights
The Global Spinal Surgery Device Market segmentation based on Treatment Type primarily comprises Degenerative Spinal Disorders, Trauma, Spinal Tumors, Spinal Infections, and Spinal Cord Injury.
Degenerative Spinal Disorders, predominantly characterized by conditions like spinal stenosis, spondylolisthesis, and degenerative disc disease, accounted for the largest revenue share in 2023.
The rising prevalence of these disorders, particularly among the aging population, contributes to the segment's growth. Trauma resulting from accidents or injuries is another significant segment, driven by increasing road accidents and sports-related injuries.
Spinal Tumors, though less common, include both cancerous and non-cancerous growths that can necessitate surgical intervention. Spinal Infections, caused by bacteria or fungi, and Spinal Cord Injury, resulting from damage to the spinal cord, also represent notable segments within the Global Spinal Surgery Device Market.
Spinal Surgery Device Market End User Insights
The Global Spinal Surgery Device Market segmentation by End User is broadly classified into Hospitals, Ambulatory Surgical Centers, and Specialized Clinics. Hospitals dominate the market owing to the high volume of spinal surgeries performed in these facilities.
They have advanced infrastructure, skilled surgeons, and access to specialized equipment, making them the preferred choice for complex spinal procedures.
Ambulatory Surgical Centers, on the other hand, are gaining popularity due to their cost-effectiveness and convenience. They offer a less invasive and more cost-effective setting for certain spinal surgeries, leading to their increasing utilization.
Specialized Clinics, which focus exclusively on spinal care, provide comprehensive services, including diagnosis, treatment, and rehabilitation. They are expected to grow steadily as patients seek specialized expertise and personalized care.
The Global Spinal Surgery Device Market revenue for Hospitals in 2024 is estimated to be around USD 6.5 billion, with a projected increase to USD 10.2 billion by 2030, indicating a significant contribution to the overall market growth.
Spinal Surgery Device Market Regional Insights
Regionally, North America is the largest market for spinal surgery devices, followed by Europe. APAC is expected to witness the highest growth rate during the forecast period due to the increasing prevalence of spinal disorders, rising healthcare expenditure, and growing awareness about spinal surgery procedures.
South America and MEA are also expected to contribute to the growth of the global spinal surgery device market. The market growth is attributed to the rising prevalence of spinal disorders, increasing healthcare expenditure, technological advancements, and the growing geriatric population.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Spinal Surgery Device Market Key Players and Competitive Insights
The most active players in the Spinal Surgery Device Market seek to ensure their positioning through significant efforts in product research and development, portfolio expansion, and collaboration with other market stakeholders.
The leading companies, such as Medtronic, Stryker, and Johnson & Johnson, focus on investing in technologies and products that would meet the changing needs of patients and healthcare providers.
At the same time, several external factors directly affect the Spinal Surgery Device Market development, such as advances in technology, changes in regulations, and modifications in reimbursement policies.
Further, the paper provides an overview of Medtronic, which is a market leader in the Spinal Surgery Device Market, and its key competitor, Globus Medical company.
As one of the leading players in the market, Medtronic is a global provider of technologies for the treatment of spinal conditions. Medtronic’s portfolio includes implants, medical instruments, and bioengineering solutions and offers a broad range of products in this market segment.
The company successfully operates in various geographic regions and has become a pioneer due to several innovative solutions, such as artificial intelligence-based systems for surgery guidance and robotics leveraging.
In its turn, Globus Medical deals with the design, development, and commercialization of spinal implants and related solutions, such as instruments and bioengineering products.
The company is committed to delivering innovative products that enable more effective interventions and offers a wide variety of implants, biologics, and tools.
The company is more focused on the US market, although it also targets other regions. The innovation of Globus Medical includes not only advanced products but also a unique approach guided by the needs of the end user.
Key Companies in the Spinal Surgery Device Market Include:
- Globus Medical
- Xianfeng Medical
- LDR
- Medtronic
- Ulrich Medical
- Braun Melsungen
- Johnson Johnson
- KLS Martin
- Stryker
- Spineart
- Spinal Elements
- NuVasive
- Orthofix
- Depuy Synthes
- Zimmer Biomet
Spinal Surgery Device Market Developments
The market growth is attributed to the increasing prevalence of spinal disorders, the growing geriatric population, technological advancements, and rising healthcare expenditure.
Technological advancements such as the introduction of robotic surgery, 3D printing, and AI-powered devices are expected to drive market growth.
Furthermore, the increasing adoption of minimally invasive spine surgeries is contributing to the market's expansion as these procedures offer reduced recovery time and are less scary.
Key industry participants include Medtronic, Stryker, Johnson Johnson, Zimmer Biomet, and NuVasive. Recent news developments include the FDA approval of Globus Medical's ExcelsiusGPS robotic navigation system and the acquisition of Orthofix by Bioventus.
Spinal Surgery Device Market Segmentation Insights
Spinal Surgery Device Market Surgical Approach Outlook
Spinal Surgery Device Market Implant Type Outlook
- Spinal Fusion Devices
- Spinal Cord Stimulation Devices
- Spinal Deformity Correction Devices
- Artificial Disc Replacements
- Vertebroplasty and Kyphoplasty Devices
Spinal Surgery Device Market Treatment Type Outlook
- Degenerative Spinal Disorders
- Trauma
- Spinal Tumors
- Spinal Infections
- Spinal Cord Injury
Spinal Surgery Device Market End User Outlook
- Hospitals
- Ambulatory Surgical Centers
- Specialized Clinics
Spinal Surgery Device Market Regional Outlook
- North America
- Europe
- South America
- Asia-Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
12.19 (USD Billion) |
| Market Size 2023 |
13.5 (USD Billion) |
| Market Size 2032 |
33.87 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
10.76% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Globus Medical, Xianfeng Medical, LDR, Medtronic, Ulrich Medical, B. Braun Melsungen, Johnson Johnson, KLS Martin, Stryker, Spineart, Spinal Elements, NuVasive, Orthofix, Depuy Synthes, Zimmer Biomet |
| Segments Covered |
Surgical Approach, Implant Type, Treatment Type, End User, Regional |
| Key Market Opportunities |
1 Rising Prevalence of Spinal Disorders 2 Technological Advancements in Spinal Surgery 3 Growing Aging Population 4 Increasing Investment in Healthcare Infrastructure 5 Expansion in Emerging Markets |
| Key Market Dynamics |
1 Increasing Prevalence of Spinal Disorders 2 Technological Advancements in Surgical Techniques 3 Rising Demand for Minimally Invasive Procedures 4 Growing Adoption of Robotic Spine Surgery 5 Focus on Patient Outcomes and Cost-effectiveness |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Spinal Surgery Device Market is expected to reach a valuation of USD 33.87 Billion by 2032, expanding at a CAGR of 10.76% from 2024 to 2032.
North America and Europe are the dominant markets for spinal surgery devices, accounting for a significant share of the global market. Asia-Pacific is expected to witness the fastest growth rate during the forecast period due to rising healthcare expenditure, increasing prevalence of spinal disorders, and growing awareness of advanced surgical techniques
Spinal surgery devices are primarily used in various surgical procedures to treat spinal disorders such as spinal stenosis, degenerative disc disease, spinal fractures, and spinal deformities. These devices play a crucial role in stabilizing and supporting the spine, promoting bone fusion, and restoring spinal alignment.
Some of the leading players in the Global Spinal Surgery Device Market include Medtronic, Stryker, Johnson Johnson, Zimmer Biomet, and Globus Medical. These companies offer a wide range of spinal surgery devices, including spinal implants, spinal biologics, and spinal navigation systems.
The growth of the Global Spinal Surgery Device Market is attributed to several factors, including the rising prevalence of spinal disorders, increasing demand for minimally invasive surgical procedures, technological advancements in spinal surgery devices, and favorable reimbursement policies in various countries.
The Global Spinal Surgery Device Market faces certain challenges, such as stringent regulatory approvals, intense competition, and concerns regarding the safety and efficacy of spinal surgery devices. Additionally, factors like healthcare cost containment measures and the availability of alternative treatment options may impact market growth.
The Global Spinal Surgery Device Market is witnessing the emergence of several trends, including the adoption of robotic surgery systems, personalized medicine approaches, and the use of 3D printing technology for patient-specific implants. Furthermore, the development of biologics and regenerative therapies holds promise for the future of spinal surgery.
Future growth in the Global Spinal Surgery Device Market can be driven by factors such as continued technological advancements, favorable regulatory policies, increasing healthcare spending, and rising demand for minimally invasive surgical procedures. Additionally, focusing on emerging markets and addressing unmet clinical needs will be crucial for market expansion.
The COVID-19 pandemic had a significant impact on the Global Spinal Surgery Device Market, leading to disruptions in elective surgeries and supply chains. However, the market is expected to recover as healthcare systems adapt to the new challenges and prioritize essential surgeries.
Future opportunities for growth in the Global Spinal Surgery Device Market include the development of innovative technologies, such as AI-powered surgical navigation systems and personalized implants. Additionally, expanding into emerging markets and addressing the growing demand for cost-effective solutions will present opportunities for market growth.
