Spinal Implants and Spinal Devices Market Analysis, By Product (Fusion Devices, Spinal Biologics, Vertebral Compression Fracture Treatment Devices, Non-fusion Treatment Devices, Spinal Bone Growth Stimulators), By Technology (Fusion, Vertebral Compression Fracture Treatment, Motion Preservation Technologies), By Type of Surgery (Open Surgery, Minimally Invasive Surgery), By Procedure Type (Discectomy, Laminotomy, Foraminotomy, Facetectomy, Corpectomy), And Segment Forecasts To 2024

Published: Aug, 2016 | Pages: 77 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)

The global spinal implants and spinal devices market is expected to reach over USD 19.54 billion by 2024 according to a new report by Grand View Research, Inc.

The key drivers of the market include the rising number of spinal injuries, increasing trend in the adoption of sedentary lifestyles, postural defects stemming from bad posture habits at work and while driving, and a large number of people suffering from obesity. In addition to the above, the introduction of the image-based spinal navigation technology, the evolution of titanium biologics, and the ongoing research on the genetically modified bone morphogenetic proteins are also expected to positively reinforce the market growth.

Moreover, the increase in the geriatric population base prone to spinal disorders due to the lack of proper diet and exercise and declining bone density are also expected to fuel the market expansion over the forecast period.

The rising cost of spinal implants and procedural costs are a major concern across the globe and this factor is identified as a large strain on the emerging and low-income economies. Therefore, the introduction of novel bone growth stimulators and the increasing adoption of Minimally-Invasive Surgeries (MIS) surgeries that are relatively less-expensive are expected to propel the usage of spinal implants and devices over the forecast period.

With favorable government initiatives being advanced and the increasing number of investments being made by various private organizations is providing the thrust to the R&D activities pertaining to new product development and new treatment methods.

For instance, the American Academy of Orthopedic Surgeons and the North American Spine Foundation, both contribute towards the growth of the spinal implants and devices market through R&D funding activities and training programs for physicians globally.

Further key findings from the study suggest:

In 2015, the spinal fusion devices segment accounted for the largest share of over 38% as these are the most commonly used devices for the treatment of various conditions, such as spine stenosis, spondylolisthesis, and scoliosis. However, the spinal biologics segment is expected to emerge as the fastest growing with a CAGR of 7% due to the growing usage of minimally invasive and non-invasive procedures.

In 2015, North America held the largest share of the spinal implants and devices market accounting for nearly 63%. The presence of advanced healthcare facilities, strong reimbursement support, and a large number of people suffering with spinal disorders are some of the major factors accounting for this region's dominance.

Asia Pacific is expected to be the fastest growing market due to the proliferation of the latest medical technologies andthe development of low-cost implants coupled with the growing medical coverage and the increasing per capita disposable income. Moreover, the growing support from the government to expand the healthcare services in the untapped markets is also expected to propel the market growth in this region.

Some key players operating in the market are Medtronic plc, Depuy Synthes, Inc., Stryker Corporation, NuVasive, Inc., Zimmer Biomet Holdings, Inc., Globus Medical, Inc., Orthofix International Holding N.V., and LDR Holding Corporation.

 Table of Contents


Chapter 1 Methodology and Scope
                     1.1 Research Methodology
                     1.2 Research Scope & Assumptions
                     1.3 List of Data Sources
Chapter 2 Executive Summary
Chapter 3 Global Spinal Implants and Spinal Devices Industry Outlook
                     3.1 Market Segmentation
                     3.2 Market Size and Growth Prospects
                     3.3 Global Spinal Implants and Spinal Devices - Market Dynamics
                        3.3.1 Market Driver Analysis
                              3.3.1.1 Escalating rate of spinal cord injuries and disorders
                              3.3.1.2 Evolution of new and effective technologies in spine care
                        3.3.2 Market restraint analysis
                              3.3.2.1 Monetary concerns influencing the market growth
                     3.4 Global Spinal Implants and Devices - Porter's Analysis
                     3.5 Key Opportunities Prioritized
                     3.6 Industry Analysis - Porter's
Chapter 4 Global Spinal Implants and Spinal Devices Market Product Outlook
                     4.1 Global spinal implants and spinal devices market share, by product, 2015 & 2024
                     4.2 Spinal Fusion Devices
                        4.2.1 Spinal fusion devices market estimates and forecasts, 2013 - 2024 (USD Million)
                     4.3 Spinal Biologics
                        4.3.1 Spinal biologics market estimates and forecasts, 2013 - 2024 (USD Million)
                     4.4 Vertebral Compression Fracture Treatment Devices
                        4.4.1 Vertebral compression fracture treatment devices market estimates and forecasts, 2013 - 2024 (USD Million)
                     4.5 Non-fusion Treatment Devices
                        4.5.1 Non-fusion treatment devices market estimates and forecasts, 2013 - 2024 (USD Million)
                     4.6 Spinal Bone Growth Stimulators
                        4.6.1 Spinal bone growth stimulators market estimates and forecasts, 2013 - 2024 (USD Million)
Chapter 5 Global Spinal Implants and Spinal Devices Market Technology Outlook
                     5.1 Global Spinal Implants and Spinal Devices market share, by technology, 2015 & 2024
                     5.2 Spinal Fusion and Fixation Technologies
                        5.2.1 Spinal fusion and fixation technologies market estimates and forecasts, 2013 - 2024 (USD Million)
                     5.3 Vertebral Compression Fracture Treatment
                        5.3.1 Vertebral compression fracture treatment market estimates and forecasts, 2013 - 2024 (USD Million)
                     5.4 Motion Preservation Technologies
                        5.4.1 Motion preservation technologies market estimates and forecasts, 2013 - 2024 (USD Million)
Chapter 6 Global Spinal Implants and Spinal Devices Market Type of Surgery Outlook
                     6.1 Global Spinal Implants and Spinal Devices market share, by type of surgery, 2015 & 2024
                     6.2 Open Surgery
                        6.2.1 Open surgery market estimates and forecasts, 2013 - 2024 (USD Million)
                     6.3 Minimally Invasive Surgery
                        6.3.1 Minimally invasive surgery market estimates and forecasts, 2013 - 2024 (USD Million)
Chapter 7 Global Spinal Implants and Spinal Devices Market Type of Procedure Outlook
                     7.1 Global Spinal Implants and Spinal Devices Market, by Procedure Type, 2015 & 2024
                     7.2 Discectomy
                        7.2.1 Disectomy market estimates and forecasts, 2013 - 2024 (USD Million)
                     7.3 Laminotomy
                        7.3.1 Laminotomy market estimates and forecasts, 2013 - 2024 (USD Million)
                     7.4 Foraminotomy
                        7.4.1 Foraminotomy market estimates and forecasts, 2013 - 2024 (USD Million)
                     7.5 Corpectomy
                        7.5.1 Corpectomy market estimates and forecasts, 2013 - 2024 (USD Million)
                     7.6 Facetectomy
                        7.6.1 Facetectomy market estimates and forecasts, 2013 - 2024 (USD Million)
Chapter 8 Global Spinal Implants and Spinal Devices Market Regional Outlook
                     8.1 Global spinal implants and spinal devices market, by region, 2015 & 2024
                     8.2 North America
                        8.2.1 North America market estimates and forecasts, 2013 - 2024 (USD Million)
                              8.2.1.1 U.S.
                                       8.2.1.1.1 U.S. market estimates and forecasts, 2013 - 2024 (USD Million)
                              8.2.1.2 Canada
                                       8.2.1.2.1 Canada market estimates and forecasts, 2013 - 2024 (USD Million)
                     8.3 Europe
                        8.3.1 UK
                        8.3.2 Germany
                     8.4 Asia Pacific
                        8.4.1 Asia Pacific market estimates and forecasts, 2013 - 2024 (USD Million)
                        8.4.2 Japan
                              8.4.2.1 Japan market estimates and forecasts, 2013 - 2024 (USD Million)
                        8.4.3 China
                              8.4.3.1 China market estimates and forecasts, 2013 - 2024 (USD Million)
                     8.5 Latin America
                        8.5.1 Latin America market estimates and forecasts, 2013 - 2024 (USD Million)
                        8.5.2 Brazil
                              8.5.2.1 Brazil market estimates and forecasts, 2013 - 2024 (USD Million)
                        8.5.3 Mexico
                              8.5.3.1 Mexico market estimates and forecasts, 2013 - 2024 (USD Million)
                     8.6 MEA
                        8.6.1 MEA market estimates and forecasts, 2013 - 2024 (USD Million)
                        8.6.2 South Africa
                              8.6.2.1 South Africa market estimates and forecasts, 2013 - 2024 (USD Million)
Chapter 9 Competitive Landscape
                     9.1 Medtronic plc.
                        9.1.1 Company overview
                        9.1.2 Financial Performance
                        9.1.3 Product Benchmarking
                        9.1.4 Strategic initiative
                     9.2 DePuy Synthes, Inc.
                        9.2.1 Company overview
                        9.2.2 Financial Performance
                        9.2.3 Product Benchmarking
                        9.2.4 Strategic Initiative
                     9.3 Stryker Corporation
                        9.3.1 Company overview
                        9.3.2 Financial Performance
                        9.3.3 Product Benchmarking
                        9.3.4 Strategic Initiative
                     9.4 NuVasive, Inc.
                        9.4.1 Company overview
                        9.4.2 Financial Performance
                        9.4.3 Product Benchmarking
                        9.4.4 Strategic Initiative
                     9.5 Zimmer Biomet Holdings, Inc.
                        9.5.1 Company overview
                        9.5.2 Financial Performance
                        9.5.3 Product Benchmarking
                        9.5.4 Strategic Initiative
                     9.6 Globus Medical, Inc.
                        9.6.1 Company overview
                        9.6.2 Financial Performance
                        9.6.3 Product Benchmarking
                        9.6.4 Strategic Initiative
                     9.7 Alphatec Spine, Inc.
                        9.7.1 Company overview
                        9.7.2 Financial Performance
                        9.7.3 Product Benchmarking
                        9.7.4 Strategic Initiative
                     9.8 Orthofix International N.V.
                        9.8.1 Company overview
                        9.8.2 Financial Performance
                        9.8.3 Product Benchmarking
                        9.8.4 Strategic Initiative
                     9.9 LDR Holding Corporation
                        9.9.1 Company overview
                        9.9.2 Financial Performance
                        9.9.3 Product Benchmarking
                        9.9.4 Strategic Initiative

List of Tables


TABLE 1 Global spinal implants and spinal devices market - Industry Snapshot & Key Buying Criteria
TABLE 2 Global spinal implants and spinal devices market by product, 2013 - 2024 (USD Million)
TABLE 3 Global spinal implants and spinal devices market by technology, 2013 - 2024 (USD Million)
TABLE 4 Global spinal implants and spinal devices market by type of surgery, 2013 - 2024 (USD Million)
TABLE 5 Global spinal implants and spinal devices market by type of procedure, 2013 - 2024 (USD Million)
TABLE 6 Global spinal implants and spinal devices market by region, 2013 - 2024 (USD Million)
TABLE 7 Key market drivers analysis
TABLE 8 Global spinal implants and spinal devices key market restraint analysis
TABLE 9 North America spinal implants and devices market by product, 2013 - 2024 (USD million)
TABLE 10 North America spinal implants and devices market by technology, 2013 - 2024 (USD million)
TABLE 11 North America spinal implants and devices market by type of surgery, 2013 - 2024 (usd million)
TABLE 12 North America spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)
TABLE 13 U.S. spinal implants and devices market by product, 2013 - 2024 (USD Million)
TABLE 14 U.S. spinal implants and devices market by technology, 2013 - 2024 (USD Million)
TABLE 15 U.S. spinal implants and devices market by type of surgery, 2013 - 2024 (USD Million)
TABLE 16 U.S. Spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)
TABLE 17 Canada spinal implants and devices market by product, 2013 - 2024 (USD Million)
TABLE 18 Canada spinal implants and devices market by technology, 2013 - 2024 (USD Million)
TABLE 19 Canada spinal implants and devices market by type of surgery, 2013 - 2024 (USD Million)
TABLE 20 Canada spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)
TABLE 21 Europe spinal implants and devices market by product, 2013 - 2024 (USD Million)
TABLE 22 Europe spinal implants and devices market by technology, 2013 - 2024 (USD Million)
TABLE 23 Europe spinal implants and devices market by type of surgery, 2013 - 2024 (USD Million)
TABLE 24 Europe spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)
TABLE 25 UK spinal implants and devices market by product type, 2013 - 2024 (USD Million)
TABLE 26 UK spinal implants and devices market by technology, 2013 - 2024 (USD Million)
TABLE 27 UK spinal implants and devices market by type of surgery, 2013 - 2024 (USD Million)
TABLE 28 UK spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)
TABLE 29 Germany spinal implants and devices market by product, 2013 - 2024 (USD Million)
TABLE 30 Germany spinal implants and devices market by technology, 2013 - 2024 (USD Million)
TABLE 31 Germany spinal implants and devices market by type of surgery, 2013 - 2024 (USD Million)
TABLE 32 Germany spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)
TABLE 33 Asia Pacific spinal implants and devices market by product, 2013 - 2024 (USD Million)
TABLE 34 Asia Pacific spinal implants and devices market by technology, 2013 - 2024 (USD Million)
TABLE 35 Asia Pacific spinal implants and devices market by type of surgery, 2013 - 2024 (USD Million)
TABLE 36 Asia Pacific spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)
TABLE 37 Japan spinal implants and devices market by product, 2013 - 2024 (USD Million)
TABLE 38 Japan spinal implants and devices market by technology, 2013 - 2024 (USD Million)
TABLE 39 Japan spinal implants and devices market by type of surgery, 2013 - 2024 (USD Million)
TABLE 40 Japan spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)
TABLE 41 China spinal implants and devices market by product, 2013 - 2024 (USD Million)
TABLE 42 China spinal implants and devices market by technology, 2013 - 2024 (USD Million)
TABLE 43 China spinal implants and devices market by type of surgery, 2013 - 2024 (USD Million)
TABLE 44 China spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)
TABLE 45 Latin America spinal implants and devices market by product, 2013 - 2024 (USD Million)
TABLE 46 Latin America spinal implants and devices market by technology, 2013 - 2024 (USD Million)
TABLE 47 Latin America spinal implants and devices market by type of surgery , 2013 - 2024 (USD Million)
TABLE 48 Latin America spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)
TABLE 49 Brazil spinal implants and devices market by product, 2013 - 2024 (USD Million)
TABLE 50 Brazil spinal implants and devices market by technology, 2013 - 2024 (USD Million)
TABLE 51 Brazil spinal implants and devices market by type of surgery, 2013 - 2024 (USD Million)
TABLE 52 Brazil spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)
TABLE 53 Mexico spinal implants and devices market by product, 2013 - 2024 (USD Million)
TABLE 54 Mexico Spinal Implants and Devices Market By Technology, 2013 - 2024 (USD Million)
TABLE 55 Mexico spinal implants and devices market by type of surgery, 2013 - 2024 (USD Million)
TABLE 56 Mexico spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)
TABLE 57 MEA spinal implants and devices market by product, 2013 - 2024 (USD Million)
TABLE 58 MEA spinal implants and devices market by technology, 2013 - 2024 (USD Million)
TABLE 59 MEA spinal implants and devices market by type of surgery, 2013 - 2024 (USD Million)
TABLE 60 MEA spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)
TABLE 61 South Africa spinal implants and devices market by product, 2013 - 2024 (USD Million)
TABLE 62 South Africa spinal implants and devices market by technology, 2013 - 2024 (USD Million)
TABLE 63 South Africa spinal implants and devices market by type of surgery, 2013 - 2024 (USD Million)
TABLE 64 South Africa spinal implants and devices market by procedure type, 2013 - 2024 (USD Million)