Spine Surgery Devices Market, by Product Type (Spinal Fusion (Instrumented and Non-Instrumented Spinal Fusion, Cervical Fusion, Interbody Fusion, and Lumbar Fusion), Fracture Repair Devices, Arthroplasty Devices, and Non–fusion Devices), by Procedure Type (Corpectomy, Discectomy, Facetectomy, Foraminotomy, and Laminectomy), by End User (Hospitals, Surgical Centers and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026

  • To Be Published : Aug 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Spinal injuries can occur due to damage of vertebrae, ligaments, or discs of the vertebral column. The higher is the injury on the vertebral column, more effect of the injury is likely to occur as it is nearer to the brain. Such injuries can be treated by surgical procedures. However surgeries do not treat damages, but can reduce the deformity, relieve the pain and help in alignment of the spine (if fractured). The devices of the surgery that are required depend on the approach of the treatment chosen by the surgeon.

Global Spine Surgery Devices Market Drivers

Frequent approvals by regulatory bodies of novel surgical devices used in spinal injury is expected to drive the global spine surgery devices market growth. For instance, in September 2018, Meditech Spine LLC received approval by the U.S. Food and Drug Administration (FDA) to market its product Cure Opel – C system. Cure Opel – C system is an additional technology to its already existing product Cure ACP system and Talos – C (HA) Interbody System. It provides a unique lock mechanism, which prevents backing out of screws once fixed in the vertebral column.

Furthermore, in January 2017, Camber Spine Technologies, LLP received an approval by the U.S. FDA for its product Siconus SI Fusion Screw System. It provides support and fixation to larger bones like sacrum. Camber Spine Technologies developed this system with the partnership of Institute for Musculoskeletal Science & Education. Such approvals of novel devices by regulatory bodies is expected to propel the global spine surgery devices market growth.

Furthermore, activities such as collaborations, partnerships, mergers, and acquisitions by manufacturers are expected to elevate the global spine surgery devices market growth. For instance, in May 2019, Medtronic plc, a medical device company acquired Titan Spine LLC, a manufacturer of interbody fusion devices, so as to expand its product portfolio related to spinal surgery devices. Medtronic plc is expected to buy Titan Spine LLC’s full Spine portfolio, which includes titanium–based interbody fusion devices. Hence, such acquisitions are expected to accelerate the global spine surgery market growth.

Global Spine Surgery Devices Market Regional Analysis

North America is expected to hold a dominant position in global spine surgery devices market over the forecast period. Factors such as high prevalence of spinal cord injuries is expected to drive the North America’s spine surgery market growth. For instance, according to National Spinal Cord Injury Statistical Center, the U.S. had around 17,700 new cases of spinal cord injury and the number of people living with the spinal cord injury were found out to be around 288,000, in 2018. Hence, increase in rate of spinal cord injuries would increase the demand for more surgeries, in turn supporting the global spine surgery devices market growth over the forecast period.

Global Spine Surgery Devices Market Restraints

Complications in surgical procedures related to spinal injuries may influence the adoption of these surgeries and thus, hampering the global spine surgery devices market growth. According to National Health Services (NHS), U.K., all surgeries are associated with some kind of risks. For instance, in lumbar decompression surgery (Laminectomy) there is a risk of infection at the location of invasion. It also includes risk of blood clots, accidental damage to the nerves, loss of vision, and facial sores. Hence, this factor is expected to hinder the global spine surgery devices market growth.

Global Spine Surgery Devices Market Key Players

Some of the major players operating in the global spine surgery devices market include Zimmer Biomet Holdings Inc., Stryker Corporation, DePuy Spine Inc., Medtronic plc, Globus Medical Inc., Smith and Nephew plc, Arthrex , Inc., Paradigm Spine LLC, Meditech Spine LLC, and Alphatech Spine Inc.

Global Spine Surgery Devices Market Taxonomy

The global spine surgery devices market is segmented on the basis of product type, procedure type, end user, and regions.

By Product Type

  • Spinal Fusion
  • Instrumented and Non-Instrumented Spinal Fusion
  • Cervical Fusion
  • Interbody Fusion
  • Lumbar Fusion
  • Fracture Repair Devices
  • Arthroplasty Devices
  • Non – fusion Devices

By Procedure Type

  • Corpectomy
  • Discectomy
  • Facetectomy
  • Foraminotomy
  • Laminectomy

By End User

  • Hospital
  • Surgical Centers
  • Others

By Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.