The global spine surgery medical equipment market is expected to reach US$ 15.9 billion by 2030, with an annual growth rate of more than 4.5%, says RationalStat
Wilmington, Nov. 22, 2023 (GLOBE NEWSWIRE) — According to RationalStat’s recent market report, the Global Spine Surgery Medical Equipment Market value is estimated at US$ 11.7 billion in 2023. It is expected to rise at a strong CAGR of over 4.5% over the forecast period of 2023-2030.
Market Definition, Market Scope, and Report Overview
Spine surgery medical equipment includes a wide range of specialized gadgets and instruments used in spinal surgical operations. Herniated discs, spinal stenosis, deformities, fractures, and other spinal problems can all be treated with these surgeries.
The global prevalence of spinal problems has increased, including degenerative disc disease and spinal abnormalities. As the population ages, the prevalence of spine-related illnesses rises, resulting in greater demand for spine procedures and associated medical equipment.
According to a deep-dive market assessment by RationalStat, the global Spine Surgery Medical Equipment market has been analyzed on the basis of market segments, including type and geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific). The report also offers global and regional market sizing for the historical period of 2019-2022 and the forecast period of 2023-2030.
- Market intelligence for the global Spine Surgery Medical Equipment market covers market sizes on the basis of market value (US$/EUR Million) and volume (Units) by various products/services/equipment, demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments across the industry, import-export data, trade overview, components market by leading companies, etc.
- In addition, the long-term sector and products/services 10-year outlook and its implications on the global Spine Surgery Medical Equipment market. It also includes the industry’s current state – Production Levels, Capacity Utilization, Tech quotient, etc. Key information will be manufacturing capacity by country, installed base, import volumes, market size, key players, market size, dynamics, market data, insights, etc.
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Global Spine Surgery Medical Equipment Market: Segmental and Market Share Analysis
- On the basis of type, spinal fusion segment is expected to hold a significant market share over the forecast period. Various methods can be used to produce this kind of fusion.
Report Synopsis
| Report Metrics | Details |
| Base Year | 2023 |
| Forecast Period | 2023-2030 |
| Base Year Market Size | US$ 11.7 billion |
| Market Size Forecast | US$ 15.9 billion |
| Growth Rate | 4.5% |
| Dominant Segment | Spinal Fusion |
| Dominant Region | North America |
| Key Market Drivers | Prevalence of spinal disorders Advancements in surgical techniques Growing geriatric population |
| Companies Profiled | Medtronic PLC Styker Corporation Johnson and Johnson (DePuy Synthes) Globus Medical Inc. Alphatec Spine Inc. ZimVie Inc. Orthofix Holdings Inc. Abbott Laboratories Boston Scientific Corporation Braun Melsungen AG |
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Competition Analysis and Market Structure
Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & and acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global spine surgery medical equipment market include.
- In October 2022, Centinel Spine, LLC expanded the availability of the prodisc Cervical Total Disc Replacement (TDR) portfolio, which allows the disc to be customized to the patient’s anatomy.
Some of the prominent players and brands operating and contributing significantly to the global Spine Surgery Medical Equipment market growth include Medtronic PLC, Styker Corporation, Johnson and Johnson (DePuy Synthes), Globus Medical Inc., Alphatec Spine Inc., ZimVie Inc., Orthofix Holdings Inc., Abbott Laboratories, Boston Scientific Corporation, and Braun Melsungen AG, among others.
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RationalStat has segmented the global spine surgery medical equipment market based on type and region
- Global Spine Surgery Medical EquipmentMarket Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Type
- Spinal Decompression
- Spinal Fusion
- Fracture Repair Devices
- Arthroplasty Devices
- Non-fusion Device
- Global Spine Surgery Medical EquipmentMarket Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Region
- North America Spine Surgery Medical Equipment Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- US
- Canada
- Latin America Spine Surgery Medical Equipment Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Brazil
- Mexico
- Rest of Latin America
- Western Europe Spine Surgery Medical Equipment Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe Spine Surgery Medical Equipment Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- Russia
- Poland
- Hungary
- Other CIS Countries
- Rest of Eastern Europe
- Asia Pacific Spine Surgery Medical Equipment Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- China
- Japan
- India
- South Korea
- Australia
- ASEAN
- Indonesia
- Thailand
- Philippines
- Vietnam
- Malaysia
- Rest of ASEAN
- Rest of Asia Pacific
- Middle East & Africa Spine Surgery Medical Equipment Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
- GCC
- Saudi Arabia (KSA)
- United Arab Emirates (UAE)
- Rest of the GCC
- South Africa
- Nigeria
- Turkey
- Rest of the Middle East & Africa
- GCC
- North America Spine Surgery Medical Equipment Market Value (US$ Million), Volume (Units), and Market Share (2019-2030) Analysis by Country
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Key Questions Answered in the Spine Surgery Medical Equipment Report:
- What will be the market value of the global Spine Surgery Medical Equipment market by 2030?
- What is the market size of the global Spine Surgery Medical Equipment market?
- What are the market drivers of the global Spine Surgery Medical Equipment market?
- What are the key trends in the global Spine Surgery Medical Equipment market?
- Which is the leading region in the global Spine Surgery Medical Equipment market?
- What are the major companies operating in the global Spine Surgery Medical Equipment market?
- What are the market shares by key segments in the global Spine Surgery Medical Equipment market?
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Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.
RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.
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