Spinal Surgery Devices Market Scope and Size by 2031
Spinal fusion or spondylodesis is a neurosurgical or orthopedic surgical technique that joins two or more vertebrae, and it can be performed at any level in the spine and prevents any movement between the fused vertebrae. Spinal fusion is commonly performed to relieve the pain and pressure on the spinal cord. Transforaminal lumbar interbody fusion is a surgery used to treat disc problems in the lower back. Fusion locks together two or more bones to stop painful motion and relieve pinched nerves. Through small, minimally invasive incisions in the back, the disc is removed.
MARKET DYNAMICS
The spinal surgery devices market is anticipated to grow in the market by increasing the adoption rate of minimally invasive spinal surgeries, increasing technological advancements in spinal surgery, and increasing incidences of obesity and degenerative spinal conditions. Furthermore, with the growing geriatric population, the number of people suffering from lower back pain and other degenerative spinal conditions is expected to increase during the forecast period.
MARKET SCOPE
The "Spinal Surgery Devices Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of in spinal surgery devices market with detailed market segmentation by device type and geography. The spinal surgery devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading in spinal surgery devices market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The spinal surgery devices market is segmented on the basis of device type. Based on device type the market is segmented as spinal decompression, spinal fusion, fracture repair devices, arthroplasty devices and non-fusion devices. Further, on the basis of spinal decompression the market is categorized as corpectomy, discectomy, facetectomy, foraminotomy, and laminotomy. Further, on the basis of spinal fusion the market is categorized as cervical fusion, interbody fusion, thoracolumbar fusion and other spinal fusions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the in spinal surgery devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The spinal surgery devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting spinal surgery devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the spinal surgery devices market in these regions.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the in spinal surgery devices market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The spinal surgery devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting spinal surgery devices market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the spinal surgery devices market in these regions.
MARKET PLAYERS
The report covers key developments in the in spinal surgery devices market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from in spinal surgery devices market are anticipated to have lucrative growth opportunities in the future with the rising demand for in spinal surgery devices market in the global market. Below mentioned is the list of few companies engaged in the Spinal Surgery Devices market.
The report also includes the profiles of key in spinal surgery devices market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Alphatec Spine Inc.
- Depuy Synthes Spine Inc. (Johnson & Johnson)
- Globus Medical Inc.
- Joimax GmbH
- Medtronic PLC
- Nuvasive Inc.
- Orthofix Holdings Inc.
- SeaSpine Holdings Corporation
- Styker Corporation
- Zimmer Holdings Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Spinal Surgery Devices Market - By Device Type
1.3.2 Spinal Surgery Devices Market - By Region
1.3.2.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SPINAL SURGERY DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SPINAL SURGERY DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SPINAL SURGERY DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. SPINAL SURGERY DEVICES - GLOBAL MARKET OVERVIEW
6.2. SPINAL SURGERY DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SPINAL SURGERY DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - DEVICE TYPE
7.1. OVERVIEW
7.2. DEVICE TYPE MARKET FORECASTS AND ANALYSIS
7.3. SPINAL DECOMPRESSION
7.3.1. Overview
7.3.2. Spinal Decompression Market Forecast and Analysis
7.3.3. Corpectomy Market
7.3.3.1. Overview
7.3.3.2. Corpectomy Market Forecast and Analysis
7.3.4. Discectomy Market
7.3.4.1. Overview
7.3.4.2. Discectomy Market Forecast and Analysis
7.3.5. Facetectomy Market
7.3.5.1. Overview
7.3.5.2. Facetectomy Market Forecast and Analysis
7.3.6. Foraminotomy Market
7.3.6.1. Overview
7.3.6.2. Foraminotomy Market Forecast and Analysis
7.3.7. Laminotomy Market
7.3.7.1. Overview
7.3.7.2. Laminotomy Market Forecast and Analysis
7.4. SPINAL FUSION
7.4.1. Overview
7.4.2. Spinal Fusion Market Forecast and Analysis
7.4.3. Cervical Fusion Market
7.4.3.1. Overview
7.4.3.2. Cervical Fusion Market Forecast and Analysis
7.4.4. Interbody Fusion Market
7.4.4.1. Overview
7.4.4.2. Interbody Fusion Market Forecast and Analysis
7.4.5. ThoracoLumbar Fusion Market
7.4.5.1. Overview
7.4.5.2. ThoracoLumbar Fusion Market Forecast and Analysis
7.4.6. Other Spinal Fusions Market
7.4.6.1. Overview
7.4.6.2. Other Spinal Fusions Market Forecast and Analysis
7.5. FRACTURE REPAIR DEVICES
7.5.1. Overview
7.5.2. Fracture Repair Devices Market Forecast and Analysis
7.6. ARTHROPLASTY DEVICES
7.6.1. Overview
7.6.2. Arthroplasty Devices Market Forecast and Analysis
7.7. NON-FUSION DEVICES
7.7.1. Overview
7.7.2. Non-fusion Devices Market Forecast and Analysis
8. SPINAL SURGERY DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Spinal Surgery Devices Market Overview
8.1.2 North America Spinal Surgery Devices Market Forecasts and Analysis
8.1.3 North America Spinal Surgery Devices Market Forecasts and Analysis - By Device Type
8.1.4 North America Spinal Surgery Devices Market Forecasts and Analysis - By Countries
8.1.4.1 United States Spinal Surgery Devices Market
8.1.4.1.1 United States Spinal Surgery Devices Market by Device Type
8.1.4.2 Canada Spinal Surgery Devices Market
8.1.4.2.1 Canada Spinal Surgery Devices Market by Device Type
8.1.4.3 Mexico Spinal Surgery Devices Market
8.1.4.3.1 Mexico Spinal Surgery Devices Market by Device Type
8.2. EUROPE
8.2.1 Europe Spinal Surgery Devices Market Overview
8.2.2 Europe Spinal Surgery Devices Market Forecasts and Analysis
8.2.3 Europe Spinal Surgery Devices Market Forecasts and Analysis - By Device Type
8.2.4 Europe Spinal Surgery Devices Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Spinal Surgery Devices Market
8.2.4.1.1 Germany Spinal Surgery Devices Market by Device Type
8.2.4.2 France Spinal Surgery Devices Market
8.2.4.2.1 France Spinal Surgery Devices Market by Device Type
8.2.4.3 Italy Spinal Surgery Devices Market
8.2.4.3.1 Italy Spinal Surgery Devices Market by Device Type
8.2.4.4 Spain Spinal Surgery Devices Market
8.2.4.4.1 Spain Spinal Surgery Devices Market by Device Type
8.2.4.5 United Kingdom Spinal Surgery Devices Market
8.2.4.5.1 United Kingdom Spinal Surgery Devices Market by Device Type
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Spinal Surgery Devices Market Overview
8.3.2 Asia-Pacific Spinal Surgery Devices Market Forecasts and Analysis
8.3.3 Asia-Pacific Spinal Surgery Devices Market Forecasts and Analysis - By Device Type
8.3.4 Asia-Pacific Spinal Surgery Devices Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Spinal Surgery Devices Market
8.3.4.1.1 Australia Spinal Surgery Devices Market by Device Type
8.3.4.2 China Spinal Surgery Devices Market
8.3.4.2.1 China Spinal Surgery Devices Market by Device Type
8.3.4.3 India Spinal Surgery Devices Market
8.3.4.3.1 India Spinal Surgery Devices Market by Device Type
8.3.4.4 Japan Spinal Surgery Devices Market
8.3.4.4.1 Japan Spinal Surgery Devices Market by Device Type
8.3.4.5 South Korea Spinal Surgery Devices Market
8.3.4.5.1 South Korea Spinal Surgery Devices Market by Device Type
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Spinal Surgery Devices Market Overview
8.4.2 Middle East and Africa Spinal Surgery Devices Market Forecasts and Analysis
8.4.3 Middle East and Africa Spinal Surgery Devices Market Forecasts and Analysis - By Device Type
8.4.4 Middle East and Africa Spinal Surgery Devices Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Spinal Surgery Devices Market
8.4.4.1.1 South Africa Spinal Surgery Devices Market by Device Type
8.4.4.2 Saudi Arabia Spinal Surgery Devices Market
8.4.4.2.1 Saudi Arabia Spinal Surgery Devices Market by Device Type
8.4.4.3 U.A.E Spinal Surgery Devices Market
8.4.4.3.1 U.A.E Spinal Surgery Devices Market by Device Type
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Spinal Surgery Devices Market Overview
8.5.2 South and Central America Spinal Surgery Devices Market Forecasts and Analysis
8.5.3 South and Central America Spinal Surgery Devices Market Forecasts and Analysis - By Device Type
8.5.4 South and Central America Spinal Surgery Devices Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Spinal Surgery Devices Market
8.5.4.1.1 Brazil Spinal Surgery Devices Market by Device Type
8.5.4.2 Argentina Spinal Surgery Devices Market
8.5.4.2.1 Argentina Spinal Surgery Devices Market by Device Type
9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
10. SPINAL SURGERY DEVICES MARKET, KEY COMPANY PROFILES
10.1. ALPHATEC SPINE INC.
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. DEPUY SYNTHES SPINE INC. (JOHNSON AND JOHNSON)
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. GLOBUS MEDICAL INC.
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. JOIMAX GMBH
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. MEDTRONIC PLC
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. NUVASIVE INC.
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. ORTHOFIX HOLDINGS INC.
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. SEASPINE HOLDINGS CORPORATION
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. STYKER CORPORATION
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. ZIMMER HOLDINGS INC.
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments
11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
1. Alphatec Spine Inc.
2. Depuy Synthes Spine Inc. (Johnson & Johnson)
3. Globus Medical Inc.
4. Joimax GmbH
5. Medtronic PLC
6. Nuvasive Inc.
7. Orthofix Holdings Inc.
8. SeaSpine Holdings Corporation
9. Styker Corporation
10. Zimmer Holdings Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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