Global Spinal Implant Market By Overview
Spinal Implant Market was valued at US$ 11.3 Billion in 2024 and is projected to grow at a CAGR of 7.20% to reach US$ 22.6 Billion by 2034.
[PDF] Spinal implants are referred to as the instruments which are used during a spinal surgery to help support fusion, stabilization, and maintaining the strength. These instruments are available in various sizes depending on the treatment and are made up of materials like titanium and stainless steel.
The increasing adoption of unhealthy lifestyle across the population is one of the key factors responsible for the growth of the Spinal Implants Market. Lack of physical exercise, obesity, prolonged desk jobs as well as bad posture have been proved to severely affect people with back and spinal problems, eventually leading to chronic back pain in the people as they grow old. As these people grow older, they tend to develop problems like osteoporosis which negatively affect the spinal cord, which in turn is responsible for driving the growth of the Spinal Implant Market.
For instance, in June 2023, according to The Indian Express it was reported that, a recent study concluded almost 87.5 million people in India suffering from low back pain, for which surgery is not the only solution. Furthermore, in January 2023, according to ETHealthworld it was reported that, the changing lifestyle among the people has led to increase in spine-related problems worldwide, while in India it is on the alarming rise. The common problem majority of the Indians face is back pain because of their sedentary lifestyle.
Global Spinal Implant Market By Dynamics
Increase in the aging population to fuel the target market growth
The unhealthy and sedentary lifestyle adopted by people leads them to develop various spine and back problems as they age further. Increasing obesity among the old age people is also a critical factor which makes them suffer from spinal disorders. Majority of the spinal issues require a surgery to be rectified, which in turn leads to the growth of the Spinal Implant Market.
For instance, in July 2023, according to The Indian Express, it was reported that around 20% of the elderly population has been suffering from spinal stenosis and the number might increase in the coming years due to the increasing obesity among them.
Rising Technological Advancements to boost the target market growth
Advancements in technology and the development of novel spinal implant instruments like intramedullary nails is another key factor leading to the growth of the target market. The introduction of 3D printers as well as custom-fit spinal implants are contributing a lot to the spinal injury cases, making the surgeries less tedious. Moreover, the applications of bioresorbable spinal implants in spinal surgeries are also leading to the growth of the Spinal Implant Market.
For instance, in February 2021, Simplify Medical was acquired by NuVasive. Simplify Medical was a privately held company that developed the Simplify Cervical Artificial Disc to support the surgeries of total disc replacement (cTDR).
Furthermore, In August 2019, a South Korean spinal implant scientist named Mantiz formed a collaboration with Shining 3D Tech. Co. to produce medical implants using Shining 3D machines.
Restrains:
High cost of treatment is the major factor restraining the growth of the Spinal Implant Market. For instance, in November 2019, according to JAMA Network, it was reported that in the United States, the price of providing healthcare is $3.5 trillion, or around 18% of GDP. Spinal fusion surgery has been highlighted as one of the most significant and rapidly increasing medical expenses in this high-cost environment. Total hospital expenses for a single 30-day spinal fusion surgical episode may exceed $25,000. The majority of these costs are associated with surgical implants. According to the reports, the cost of an implant can range from $400 to $1843 for a single pedicle screw, $540 to $2388 for an anterior cervical plate, and $938 to $7200 for a transforaminal lumbar interbody fusion cage, demonstrating the broad price range that adds to the high cost of surgery.
Global Spinal Implant Market By Segmentation
Spinal Implant Market is segmented based on Implant Type, Application, End User and Region.
Implant Type Insight
On the basis of Implant Type, Spinal Implant Market is segmented into Fusion Implant, Non-Fusion Implants, and Bone Grafts. The Fusion Implant Type segment is expected to dominate the growth of the target market due to the number of factors, including an increase in spinal fusion procedures, an increase in the incidence of target diseases (such as spinal stenosis and degenerative disc disease), and technological advancements in bone grafting and spinal fusion techniques.
Application Insights
On the basis of Application, Spinal Implant Market is segmented into Posterior Spine Fusion, Posterolateral Gutter Fusion, Posterior Lumbar Interbody Fusion, Transforaminal Lumbar Interbody Fusion, Anterior Spine Fusion, Anterior Lumbar Fusion, and Anterior Lumbar Interbody Fusion. The application segment of Lumbar Fusion Devices (Posterior Lumbar Interbody Fusion and Anterior Lumbar Fusion) is expected to dominate the growth of the target market due to the rising prevalence of lumbar degenerative disc disease and the rising number of product launches.
End-Users Insights
On the basis of End-Users, Spinal Implant Market is segmented into Hospitals, Orthopedic Centers, and Others. The Hospitals end-user segment is expected to dominate the growth of the target market, as it has been owing to the increase in prevalence or burden of spinal operations and other bone related surgeries as well as due to increasing number of patient admissions.
Regional Insights:
On the basis of Region, the Spinal Implant Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the global spinal implant market in the near future, owing to their advancements in technology, improved healthcare facilities as well as research and development programs along with developments in the manufacturing processes of implants in this region. Over the projected period, the Europe market is expected to be the second-largest target market due to the rise in the elderly population along with rising demand for spinal implants and devices for the treatment of spinal ailments.
Report Scope:
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Attribute |
Details |
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Base year for estimation |
2023 |
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Forecast period |
2024 – 2034 |
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Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
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Market Segmentation |
By Implant Type - Fusion Implant, Non-Fusion Implants, and Bone Grafts By Application- Posterior Spine Fusion, Posterolateral Gutter Fusion, Posterior Lumbar Interbody Fusion, Transforaminal Lumbar Interbody Fusion, Anterior Spine Fusion, Anterior Lumbar Fusion, and Anterior Lumbar Interbody Fusion By End-Users - Hospitals, Orthopedic Centers, And Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
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Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Spinal Implant Market report based on Implant Type, Application, End-Users and Region:
Spinal Implant Market, By Implant Type:
- Fusion Implant
- Non-Fusion Implants
- Bone Grafts
Spinal Implant Market, By Application:
- Posterior Spine Fusion
- Posterolateral Gutter Fusion
- Posterior Lumbar Interbody Fusion
- Transforaminal Lumbar Interbody Fusion
- Anterior Spine Fusion
- Anterior Lumbar Fusion
- Anterior Lumbar Interbody Fusion
Spinal Implant Market, By End-Users:
- Hospitals
- Orthopedic Centers
- Others
Spinal Implant Market, By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Spinal Implant Market By Key Players
The key players operating the Spinal Implant Market includes, DePuy Synthes Inc., Stryker Corporation, Benvenue Medical Inc., Zimmer Inc., CareFusion Corporation, Alphatec Spine Inc., NuVasive Inc., Medtronic plc, Globus Medical Inc., and Orthofix International N.V.
Global Spinal Implant Market By Key Issues Addressed
Recent Development:
- In February 2021, the U.S. FDA approved a device named "Ultrasonic Osteotomy Surgical System." It is an ultrasonic surgical system that consists of a handpiece and its accessory tips for cutting bone, osteoplasty, osteotomy, and drilling in various surgical procedures, including hand and foot, spine, neurosurgery, otolaryngology, and reconstructive.
- In August 2020, the FDA (Food and Drug Administration) approved an implant system named "Adaptix". It is a guided titanium implant incorporated with Titan nanoLOCK surface technology. This system has been modelled around the Capstone Spinal System and is proven to have enhanced strength, easy to insert, as well as data-backed bone growth.
- In June 2017, SI-BONE announced FDA clearance for their 3D-printed product, "iFUSE-3D." This implant is the combination of the patented triangular shape of the iFUSE implant with a personal 3D-printed trabecular surface and unique patented orifice design, which has been shown to allow bony ongrowth, ingrowth, throughgrowth, and intra-articular fusion.
- In June 2017, K2M announced FDA clearance for their 3D-printed product, "Mojave". This system is a fusion device that makes independent control of the anterior and posterior heights of the lumbar spine possible. It helps in the restoration of the sagittal balance as well as allowing bony integration.
Global Spinal Implant Market By Company Profile
- DePuy Synthes Inc *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Stryker Corporation
- Benvenue Medical Inc.
- Zimmer Inc.
- CareFusion Corporation
- Alphatec Spine Inc.
- NuVasive Inc.
- Medtronic plc
- Globus Medical Inc.
- Orthofix International N.V.
“*” marked represents similar segmentation in other categories in the respective section.
Global Spinal Implant Market By Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Preview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Implant Type
- Market Snippet, By Application
- Market Snippet, By End-User
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restrains
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Spinal Implant Market, By Implant Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Fusion Implant
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Non-Fusion Implants
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Bone Grafts
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Spinal Implant Market, By Application, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Posterior Spine Fusion
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Posterolateral Gutter Fusion
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Posterior Lumbar Interbody Fusion
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Transforaminal Lumbar Interbody Fusion
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Anterior Spine Fusion
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Anterior Lumbar Fusion
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Anterior Lumbar Interbody Fusion
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Anterior Spine Fusion
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Spinal Implant Market, By End-Users, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Segment Trends
- Hospitals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Orthopedic Centers
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
- Overview
- Spinal Implant Market, By Region, 2022 – 2032, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
- Y-o-Y Growth Analysis (%), 2022 – 2032
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Implant Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Implant Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Implant Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Overview
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- Latin America
- Market Size and Forecast (US$ Bn), By Implant Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Implant Type, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
- Market Size and Forecast (US$ Bn), By End-Users, 2022 – 2032
- Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
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- GCC
- Israel
- South Africa
- Rest of Middle East
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- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- DePuy Synthes Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Stryker Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Benvenue Medical Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Zimmer Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- CareFusion Corporation
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Alphatec Spine Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- NuVasive Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Medtronic plc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Globus Medical Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Orthofix International N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Spinal Implant Market is segmented into Implant Type, Application, End User and Region.
Spinal Implant Market is driven by factors like increase in the aging population and rising number of spinal surgeries.
By region, the Spinal Implant Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period.
The key players operating the Spinal Implant Market includes, DePuy Synthes Inc., Stryker Corporation, Benvenue Medical Inc., Zimmer Inc., CareFusion Corporation, Alphatec Spine Inc., NuVasive Inc., Medtronic plc, Globus Medical Inc., and Orthofix International N.V.
Spinal Implant Market was valued at US$ 11.3 Billion in 2024 and is projected to grow at a CAGR of 7.20% to reach US$ 22.6 Billion by 2034.