Market Trends of Europe Spinal Surgery Devices Industry
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.
