Market Size of China Spinal Surgery Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 3.10 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Spinal Surgery Devices Market Analysis
The China spinal surgery devices market is expected to register a CAGR of 3.1% over the forecast period.
The outbreak of the COVID-19 pandemic has pushed the medical device industry into action, with a race to develop both therapeutic and preventive devices in China. Exponentially increasing cases of the coronavirus in China are leading to the need for the development of novel treatments, with several clinical trials underway. Meanwhile, the manufacturers of medical devices were highly focused on developing vaccines and drugs, which can also be applied in the diagnosis and treatment of COVID-19, increasing the rate of clinical trials to a great extent. The outbreak of the pandemic adversely impacted the market in China. Most spine surgeons suffered from COVID-19 owing to which the majority of the surgical procedures were delayed or canceled. For instance, as per the study titled, "Safe Spine Surgery During the COVID-19 Pandemic" published in April 2021, the rates of COVID-19 infection among orthopedic surgeons in China were as high as 20.0%. However, increasing cases of obesity during lockdown postively impacted the market, as obesity is one of the major factors for triggering the degenerative spinal conditions. For instance, as per the study titled, "Obesity and activity patterns before and during COVID-19 lockdown among youths in China" published in October 2020, prior to COVID-19, the mean body mass index (BMI) of all youths was 21.8 kg/m2, with the prevalence of overweight/obesity and obesity being 21.3% and 10.5%, respectively. But within the month of COVID-19 lockdown, BMI has significantly increased in overall youths and the prevalence of overweight/obesity has significantly increased in China. Therefore, such instances indicate that the market witnessed a moderate growth during the pandemic.
The increasing Incidences of obesity, diabetes, and degenerative spinal conditions and increasing adoption rate of minimally invasive spinal surgeries are the major factors driving the market growth over the forecast period. For instance, according to the report published by the International Diabetes Federation in November 2021, around 140,869.6 people are living with diabetes in China age groups ranging from 20 to 79 years. It also reported that the prevalence rate of diabetes in China was around 10.6% in 2021, whereas in 2011 it was around 8.8%. Furthermore, it also reported that around 72,839.5 people were living with undiagnosed diabetes in 2021. The people living with diabetes are of greater risk of developing painful disc degeneration in the lower back. Thus, increasing cases of diabetes may increase the cases of the spinal disorders. Furthermore, as per the study titled, "Prevalence, Incidence, and External Causes of Traumatic Spinal Cord Injury in China: A Nationally Representative Cross-Sectional Survey" published in January 2022, It is estimated that around 759,302 prevalent patients with traumatic spinal cord injury and 66,374 new traumatic spinal cord injury cases were detected annually in China. Therefore, such instances are anticipated to propel the demand of spinal surgery devices in China, thereby boosting the market growth over the forecast period.
However, expensive treatment procedures is anticipated to hinder the market growth over the forecast period.
China Spinal Surgery Devices Industry Segmentation
As per the scope of the report, spinal surgery devices are devices used for the treatment of spinal injuries or deformities. They help restructure or realign the spine. The China Spinal Surgery Devices Market is Segmented by Device Type (Spinal Decompression (Corpectomy, Discectomy, Others), Spinal Fusion (Cervical Fusion, Interbody Fusion, Other Spinal Fusions), Fracture Repair Devices, Arthroplasty Devices, and Non-fusion Devices)). The report offers the value (in USD million) for the above segments.
By Device Type | |||||
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Fracture Repair Devices | |||||
Arthroplasty Devices | |||||
Non-fusion Devices |
China Spinal Surgery Devices Market Size Summary
The China spinal surgery devices market is poised for moderate growth over the forecast period, driven by the increasing prevalence of obesity, diabetes, and degenerative spinal conditions. The COVID-19 pandemic initially disrupted the market, causing delays and cancellations of surgical procedures due to high infection rates among spine surgeons. However, the rise in obesity during lockdowns, a significant factor contributing to spinal disorders, provided a counterbalancing effect on market growth. The adoption of minimally invasive spinal surgeries is also on the rise, further propelling market expansion. Despite the challenges posed by expensive treatment procedures, the demand for spinal surgery devices is expected to increase, supported by the growing incidence of spinal disorders and traumatic spinal cord injuries.
The market landscape is characterized by a few major players, with companies like Stryker Corporation, Johnson & Johnson, and Medtronic PLC holding significant shares. The competitive environment is becoming more dynamic with technological advancements and product innovations, allowing mid-size to smaller companies to enhance their market presence. Strategic partnerships, such as those between joimax and Andeller, as well as Implanet and Sanyou Medical, are facilitating the distribution of advanced spinal surgery devices in China. These collaborations are indicative of the market's potential for growth, as they aim to introduce new technologies and improve the usability of spinal surgery devices, thereby catering to the evolving needs of the healthcare sector in China.
China Spinal Surgery Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Incidences of Obesity, Diabetes, and Degenerative Spinal Conditions
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1.2.2 Increasing Adoption Rate of Minimally Invasive Spinal Surgeries
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1.3 Market Restraints
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1.3.1 High Cost of Sophisticated Endoscopy Devices
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 By Device Type
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2.1.1 Spinal Decompression
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2.1.1.1 Corpectomy
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2.1.1.2 Discectomy
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2.1.1.3 Others
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2.1.2 Spinal Fusion
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2.1.2.1 Cervical Fusion
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2.1.2.2 Interbody Fusion
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2.1.2.3 Other Spinal Fusions
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2.1.3 Fracture Repair Devices
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2.1.4 Arthroplasty Devices
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2.1.5 Non-fusion Devices
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China Spinal Surgery Devices Market Size FAQs
What is the current China Spinal Surgery Devices Market size?
The China Spinal Surgery Devices Market is projected to register a CAGR of 3.10% during the forecast period (2024-2029)
Who are the key players in China Spinal Surgery Devices Market?
Styker Corporation, Johnson & Johnson, Medtronic Plc, Beijing Fule and Zimmer Holdings Inc. are the major companies operating in the China Spinal Surgery Devices Market.