Europe Spinal Surgery Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 6.30 % |
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?
Europe Spinal Surgery Devices Market Analysis
The European spinal surgery devices market is expected to register a CAGR of 6.3% over the forecast period.
COVID-19 affected Europe and has had a major impact on the healthcare system. The COVID-19 outbreak has resulted in many changes in European healthcare practice, especially in spine surgery. Due to the strict lockdown and policies, medical healthcare providers and material resources were relocated to deal with this unexpected emergency.For instance, an article published by PubMed in November 2021 reported a 75% reduction in the availability of medical equipment, and this pandemic resulted in comparable restrictive measures for spinal surgical departments in central Europe. The COVID-19 pandemic resulted in comparable restrictive measures for spinal surgical departments in central Europe; however, the market showed significant traction within a few months as the reduction in COVID-19 cases was reported, and currently, it is expected to experience growth due to the growing demand for minimally invasive spinal surgical procedures in the region.
The European spinal surgery devices market has shown healthy growth, owing to the increasing demand for minimally invasive surgical procedures, the growing burden of obesity, the aging population and associated spine disorders, and continuous advancements in spine surgery technologies.
Spine disorders (SD) and the associated pain are found to be major medical, social, and economic problems because of their high prevalence and the ever-increasing number of patients among the elderly population. In the majority of cases of spinal disorder, patients experience pseudoradicular pain, which is caused by degenerative changes in the spine, involving the intervertebral discs, facet joints, and soft tissues.For instance, in January 2021, an article published by PubMed reported that the total hereditary neuromuscular disorder (HNMD) prevalence in this study was higher than the prevalence of hereditary neuromuscular disorder (HNMD) in hypothetical estimates made from studies across Europe.
Also, the European region witnessed a high proportion of the geriatric population compared to the total population. Spinal surgeries are most common in people over the age of 65.For instance, in September 2021, an article published by Europe PMC reported that neurological conditions are highly prevalent and disabling in the elderly. The Italian population has witnessed sharp aging, and it is thus expected that there will be a rising trend in the incidence, prevalence, and disability of these neurological conditions. Furthermore, technological advancements by key market players are propelling the market in the region.
Thus, due to the aforesaid factors, such as the aging population and associated spine disorders, and continuous advancements in spine surgery technologies, the market is expected to show significant growth over the forecast period. However, the high cost and time involved in treatment procedures and reimbursement issues may slow down market growth.
Europe Spinal Surgery Devices Market Trends
This section covers the major market trends shaping the Europe Spinal Surgery Market according to our research experts:
Lumbar Fusion is Expected to Witness a Significant Growth Over the Forecast Period
Lumbar fusion is found to be an effective treatment option for patients suffering from lumbar spinal stenosis, and it is an advanced alternative treatment for decompression spine surgery. The high adoption rates of minimally invasive procedures, such as transforaminal lumbar interbody fusion (TLIF) and posterior lumbar interbody fusion (PLIF), are contributing to the market expansion. The major players in this field manufacture both anterior and posterior dynamic stabilization devices, and there are also several clinical trials for new products that are in process. Thus, these factors are likely to drive the growth of the market studied in the coming years.
Demand for minimally invasive fusion systems and demand for robotic fusion techniques is anticipated to be prominent in the market landscape. Also, new clinical trials are fueling the market. For instance, in January 2021, a study published in the European Spine Journal reported that in neuromuscular diseases, the new one-way self-expanding rod (OWSER) bilateral construct seems to be safe and less aggressive. The researchers investigated the safety and efficacy of a new one-way self-expanding rod. This device could avoid further surgery and reduce the rate of complications after long follow-ups. Such clinical trials and related studies about spinal surgery devices are also boosting the market.
Moreover, the increasing development by key market players in the region is also fueling segment growth. For instance, in June 2021, Integrity Implants Inc. announced that it had received CE mark certification for its flagship FlareHawk expandable lumbar interbody fusion device. Furthermore, in June 2021, ZygoFix obtained a CE mark for its minimally invasive screwless spinal fusion system for the treatment of chronic back pain, the Clock Spinal Fusion System for the lumbar spine.
As a result of the aforementioned factors, such as rising demand for minimally invasive fusion systems and robotic fusion techniques, as well as increased development by key market players in the region, the segment is expected to grow significantly over the forecast period.
Germany is Expected to Witness a Significant Growth Over the Forecast Period
Germany is expected to witness significant growth in the market due to the rise in the number of spinal cord surgeries in the region, and technological advancements have also led to high growth in the Germany spinal surgery devices market, which is further contributing to the regional market's growth. Healthcare reimbursement has played a vital role in driving the demand for spinal implants in the country.
Key players have also gained significant market revenue in Germany. For instance, according to an article published by PubMed in September 2021, a study was conducted in Germany, and it was reported that half of the elderly population in Germany experiences spinal cord injury and does require surgery for its treatment. Hence, it is a major factor, thereby driving the growth of the market.
Also, due to the presence of key market players in the country, technical advancements, and clinical studies being conducted in Germany in the field of neuroscience, the market is witnessing significant growth. For instance, in June 2021, NG Medical GmbH, a German medical device manufacturer exclusively focused on creating innovative technologies for spinal applications, announced the launch of its new ART Spinal Fixation System.
Thus, due to the aforesaid factors, such as the presence of key market players in the country and technical advancements and clinical studies being conducted in Germany, the market is expected to show significant growth over the forecast period.
Europe Spinal Surgery Devices Industry Overview
The European spinal surgery devices market is moderately consolidated due to the presence of fewer companies at the global and regional levels. The competitive landscape includes an analysis of a few international as well as local companies that hold market shares and are well known as Alphatec Spine Inc., Depuy Synthes Spine Inc. (Johnson & Johnson), Globus Medical Inc., Orthofix Holdings Inc., Medtronic PLC, NuVasive Inc., SeaSpine, SpineGuard SA, Stryker Corporation, and Zimmer Holdings Inc.
Europe Spinal Surgery Devices Market Leaders
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Alphatec Spine Inc.
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Medtronic PLC
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Globus Medical Inc.
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Orthofix Holdings Inc.
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SpineGuard SA
*Disclaimer: Major Players sorted in no particular order
Europe Spinal Surgery Devices Market News
- July 2022: Spineway, a specialist in innovative implants for the treatment of severe spine pathologies, completed the acquisition of 100% of the capital of the French company Spine Innovations, which specializes in cervical and lumbar disc prostheses.
- June 2022: NGMedical GmbH, a medical device manufacturer exclusively focused on creating innovative technologies for spinal applications, launched its new product ART Fixation System in Europe.
Europe Spinal Surgery Devices Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definitions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Demand for Minimally Invasive Surgical Procedures
- 4.2.2 Increasing Incidence of Obesity, Aging Population, and Associated Spine Disorders
- 4.2.3 Continuous Advancements in Spine Surgery Technologies
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4.3 Market Restraints
- 4.3.1 High Cost and Time Involved in Treatment Procedures
- 4.3.2 Reimbursement Issues
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
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5.1 By Device Type
- 5.1.1 Spinal Decompression
- 5.1.1.1 Corpectomy
- 5.1.1.2 Discectomy
- 5.1.1.3 Facetectomy
- 5.1.1.4 Foraminotomy
- 5.1.1.5 Laminotomy
- 5.1.2 Spinal Fusion
- 5.1.2.1 Cervical Fusion
- 5.1.2.2 Interbody Fusion
- 5.1.2.3 Thoraco Lumbar Fusion
- 5.1.2.4 Other Spinal Fusions
- 5.1.3 Fracture Repair
- 5.1.4 Arthroplasty
- 5.1.5 Non-fusion Procedures
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5.2 Geography
- 5.2.1 Germany
- 5.2.2 United Kingdom
- 5.2.3 France
- 5.2.4 Italy
- 5.2.5 Spain
- 5.2.6 Rest of Europe
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Alphatec Spine Inc.
- 6.1.2 Depuy Synthes Spine Inc. (Johnson & Johnson)
- 6.1.3 Globus Medical Inc.
- 6.1.4 Orthofix Holdings Inc.
- 6.1.5 Medtronic PLC
- 6.1.6 NuVasive Inc.
- 6.1.7 SeaSpine Inc.
- 6.1.8 SpineGuard SA
- 6.1.9 Stryker Corporation
- 6.1.10 ZimVie Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Spinal Surgery Devices Industry Segmentation
As per the scope of the report, spinal surgery devices are medical devices that are being used for surgeries related to the spine, such as spinal decompression and fusion. Spinal surgery is traditionally performed as open surgery, wherein a long incision allows a surgeon to access the spinal anatomy of a body. Therefore, for performing these surgeries, there is a requirement for these spinal fusion devices that are used for the treatment of spinal deformities, such as degenerative disc disease and spondylolisthesis. The Europe spinal surgery devices market is divided into two sections: device type (spinal decompression (corpectomy, discectomy, facetectomy, foraminotomy, laminotomy), spinal fusion (cervical fusion, interbody fusion, thoracolumbar fusion, other spinal fusions), fracture repair, arthroplasty, and non-fusion procedures), and geography (Germany, United Kingdom, France, Italy, Spain, and the Rest of Europe). The report offers the value (in USD million) for the above segments.
| By Device Type | Spinal Decompression | Corpectomy |
| Discectomy | ||
| Facetectomy | ||
| Foraminotomy | ||
| Laminotomy | ||
| By Device Type | Spinal Fusion | Cervical Fusion |
| Interbody Fusion | ||
| Thoraco Lumbar Fusion | ||
| Other Spinal Fusions | ||
| By Device Type | Fracture Repair | |
| Arthroplasty | ||
| Non-fusion Procedures | ||
| Geography | Germany | |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe |
Europe Spinal Surgery Devices Market Research FAQs
What is the current Europe Spinal Surgery Devices Market size?
The Europe Spinal Surgery Devices Market is projected to register a CAGR of 6.30% during the forecast period (2024-2029)
Who are the key players in Europe Spinal Surgery Devices Market?
Alphatec Spine Inc., Medtronic PLC, Globus Medical Inc., Orthofix Holdings Inc. and SpineGuard SA are the major companies operating in the Europe Spinal Surgery Devices Market.
What years does this Europe Spinal Surgery Devices Market cover?
The report covers the Europe Spinal Surgery Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Spinal Surgery Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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