Global Spinal Fusion Devices Market Report and Forecast 2024-2032

Global Spinal Fusion Devices Market Outlook

The global spinal fusion devices market value was USD 7.52 billion in 2023, driven by the increasing prevalence of spinal disorders across the globe. The market size is anticipated to grow at a CAGR of 3.9% during the forecast period of 2024-2032 to achieve a value of USD 10.61 billion by 2032.

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Key Trends in the Market

A spinal fusion device is a type of device that helps in correcting a deformity, improving stability, or reducing pain by connecting two or more vertebrae in a human spine. It is also known as cage or an interbody fusion device. Spinal fusion devices are designed such that they allow the fusion to heal by spreading the two vertebrae apart and providing support for natural healing. Spinal fusion is typically permanent and lasts lifelong.

• Rapid increase in the incidences of spinal deformities such as spondylolisthesis and degenerative disc disease, among others, have increased the demand for such devices thereby helping the growth of the spinal fusion devices market.

• Prevalence of spinal disorders and problems common in older persons, owing to their weak bones and muscles. Thus, the growing geriatric population worldwide is increasing the demand for the spinal fusion devices.

• Advancements and developments in the spinal fusion devices such as 3D spinal fusion implants and robot assisted spine fusion surgery are a key trend for the market.

Market Analysis

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Based on type, the spinal fusion devices market can be divided into thoracolumbar devices, cervical fixation devices, and interbody fusion devices. By surgery, the market is bifurcated into minimally invasive spine surgery and open spine surgery. On the basis of disease indication, the market is segmented into degenerative disc diseases, complex deformity, and traumas and fractures, among others. Based on end use, the market is categorised into hospitals, and specialty clinics, among others. By region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global spinal fusion devices market covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Zimmer Biomet Holdings, Inc.

• Johnson & Johnson

• B. Braun Melsungen AG

• Globus Medical, Inc.

• Medtronic, plc

• Others

Market Share by Disease Indication

The degenerative disc diseases segment accounts for a leading share in the spinal fusion devices market because of increasing elderly population and rising prevalence of neck and lower back issues in adults. Moreover, increase in strenuous activities such as sport and other physical activities is also expected to increase the segment growth further.

Complex deformity treatments using spinal fusion devices are on the rise, due to increased awareness regarding treatment options. Even adults with complex deformities from birth are seeking out treatment to correct spinal issues at a later age.

Spinal fusion devices also help in treating injuries caused by some traumas or accidents. With faster moving cars and increase in reckless driving, there is an increase in road accidents that cause trauma to the spine.

Market Share by End Use

Spinal surgeries typically take place in hospitals around the world, with highly specialised cases and operations occurring in speciality clinics. Accordingly, hospitals account for a sizable segment of the spinal fusion devices market. Governments worldwide are taking steps to improve healthcare infrastructure, equipping hospitals with all the departments, tools, and capabilities needed to treat all types of conditions.

As the affordability and usage of spinal fusion devices increase and they become more commonplace, more hospitals are likely to offer treatments using such devices. More complex cases are typically seen at speciality clinics, where latest technologies are also available, along with specialised personnel.

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Competitive Landscape

Zimmer Biomet Holdings, Inc. is a medical device company that has its headquarter in Indiana, United States. It was founded in 1927 and is known for designing, manufacturing, and marketing solutions for surgeons, clinicians, and hospitals.

Johnson & Johnson was established in 1886 and is headquartered in New Jersey, United States. It is a healthcare company known for developing and manufacturing pharmaceuticals, medical devices, and consumer packed goods.

B. Braun Melsungen AG was founded in 1839 and is based out of Melsungen, Germany. It is a healthcare company which manufactures pharmaceutical and medical devices with an aim to improve the health of people around the globe.

Other market players include Globus Medical, Inc. and Medtronic plc, among others.

Key Highlights of the Report