NEW YORK, Feb. 10, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global spinal implants market size is estimated to grow by USD 3.55 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 5.3% during the forecast period. Rising prevalence of spinal disorders is driving market growth, with a trend towards rising minimally invasive procedures. However, high costs of spinal implants and procedures poses a challenge. Key market players include B.Braun SE, Globus Medical Inc., icotec AG, Implanet SA, Inion Oy, Innovasis Inc., JAYON IMPLANTS Pvt. Ltd., Johnson and Johnson Inc., Medacta International SA, Medtronic Plc, MicroPort Scientific Corp., Orthofix Medical Inc., OrthoPediatrics Corp., Precision Spine Inc., RTI Surgical Inc., Stryker Corp., ulrich GmbH and Co. KG, Xtant Medical Holdings Inc., ZAVATION, and Zimmer Biomet Holdings Inc.
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| Spinal Implants Market Scope | |
| Report Coverage | Details |
| Base year | 2024 |
| Historic period | 2019 – 2023 |
| Forecast period | 2025-2029 |
| Growth momentum & CAGR | Accelerate at a CAGR of 5.3% |
| Market growth 2025-2029 | USD 3554.5 million |
| Market structure | Fragmented |
| YoY growth 2022-2023 (%) | 5.0 |
| Regional analysis | North America, Europe, Asia, and Rest of World (ROW) |
| Performing market contribution | North America at 43% |
| Key countries | US, Germany, Canada, UK, France, China, Japan, Italy, India, and Brazil |
| Key companies profiled | B.Braun SE, Globus Medical Inc., icotec AG, Implanet SA, Inion Oy, Innovasis Inc., JAYON IMPLANTS Pvt. Ltd., Johnson and Johnson Inc., Medacta International SA, Medtronic Plc, MicroPort Scientific Corp., Orthofix Medical Inc., OrthoPediatrics Corp., Precision Spine Inc., RTI Surgical Inc., Stryker Corp., ulrich GmbH and Co. KG, Xtant Medical Holdings Inc., ZAVATION, and Zimmer Biomet Holdings Inc. |
Market Driver
Minimally invasive spine surgery (MISS) utilizes smaller, specialized implants to minimize tissue damage, blood loss, and infection risk. Patients benefit from quicker recovery, less postoperative pain, and reduced hospital stays. The demand for MISS drives advancements in surgical technologies, such as instruments and navigation systems, enhancing precision and safety. Patients prefer MISS due to smaller incisions, less scarring, and faster recovery, leading to market growth for spinal implants during the forecast period.
The market for spinal implants is experiencing significant growth due to the increasing number of minimally invasive surgeries and the development of new technologies. Devices such as discs, cages, and rods are in high demand. Companies focus on improving the durability and biocompatibility of these implants. The use of 3D printing technology is also increasing, allowing for more precise and customized implants. Additionally, the trend towards less invasive procedures is driving the development of smaller and more flexible implants. The market is expected to continue growing due to the aging population and the increasing prevalence of spinal conditions.
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Market Challenges
- The global spinal implants market faces significant challenges due to the high cost of implants and related procedures. Factors influencing the cost include implant type and brand. For example, absorbable implants are more expensive than metallic ones. The cost of spinal procedures, including implantation, medications, and consumables, also contributes to the overall expense. The average cost of surgical decompression and complex fusions ranges from USD20,000 to USD50,000, increasing the financial burden on patients. These factors may hinder market growth during the forecast period.
- The spinal implants market faces several challenges in the use of fusion devices and procedures. These include the high cost of decompression procedures, the need for long recovery periods, and the potential for complications such as screws relaxing over time. Additionally, the market is seeing increased competition from minimally invasive procedures and alternative treatments like balloon Kyphoplasty and Vertebroplasty. The challenge for manufacturers is to develop cost-effective, less invasive solutions that offer faster recovery times and reduced risk of complications. Another challenge is the need to address the issue of screws settling over time, which can lead to reoperation. Overall, the market requires innovative solutions to address these challenges and meet the evolving needs of patients and healthcare providers.
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Segment Overview
This spinal implants market report extensively covers market segmentation by
- Product
- Spinal Fusion Implants
- Non-fusion Spinal Implants
- End-user
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Geography
- North America
- Europe
- Asia
- Rest Of World (ROW)
1.1 Spinal fusion implants- Spinal fusion implants are essential medical devices used in surgical procedures to treat various spinal conditions, including instability, pain, and neurological symptoms. These implants facilitate the fusion of vertebrae, providing stability, relieving pain, and improving spine alignment. They are particularly effective for conditions like degenerative disc disease, facet joint arthritis, scoliosis, spondylolisthesis, and herniated or ruptured discs. The global spinal implants market will experience growth due to the increasing use of spinal fusion implants to correct deformities, relieve chronic pain, and restore stability.
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Research Analysis
The global spinal implants market encompasses a range of innovative technologies designed to address various spinal disorders in the aging population. These disorders include degenerative conditions such as herniated discs, spinal stenosis, and scoliosis, which can result from natural aging processes or road traffic crashes. Physicians utilize several minimally invasive procedures and devices to treat these conditions, including minimally invasive spine surgery, dynamic stabilization devices, artificial discs, and non-fusion devices. Spinal fusion implants, such as plates, cages, and fusion devices made of Stainless Steel, Titanium, or Cobalt Chrome, are also commonly used. Thoracic and lumbar fusion devices, spinal decompression devices, cervical fusion devices, and expandable fusion cages are essential components of this market. Spine biologics, such as bone grafts and growth factors, further enhance the efficacy of these implants. The market for spinal implants continues to grow as technological advancements lead to more effective and less invasive treatments for spinal-related deformities and disorders.
Market Research Overview
The Spinal implants market encompasses a range of surgical devices used in the treatment of various spinal conditions. These implants are designed to provide stability and support to the spine, facilitating healing and reducing pain. Devices include fusion cages, interbody devices, and artificial discs. Surgery types include decompression, fusion, and stabilization procedures. Materials used include metals, ceramics, and polymers. Procedures can be minimally invasive or open. Dynamics of the market are influenced by factors such as demographic trends, technological advancements, and regulatory policies. The market is segmented by product type, application, and end user. Growth is expected due to increasing prevalence of spinal disorders and rising healthcare expenditures.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
- Spinal Fusion Implants
- Non-fusion Spinal Implants
- End-user
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Geography
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
SOURCE Technavio
