Market Size of USA Spinal Surgery Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 7.50 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
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USA Spinal Surgery Devices Market Analysis
The United States Spinal Surgery Devices market is expected to register a higher CAGR growth during the forecast period. The advancing techniques in spinal surgery coupled with the rising burden of obesity and spinal degeneration is expected to be a key factor in the market. According to the Centre for Disease Control and Prevention, 2017-18, the prevalence of obesity was about 42.4%. Obesity is one of the major health concerns in the United States. Further, obesity is strongly linked to spinal damage. Hence, with the increasing number of obese people in the country, the market is expected to flourish in the future.
USA Spinal Surgery Devices Industry Segmentation
As per the scope of this report, spine surgery is one of the fast-growing surgical techniques and is evolved into one of the major segments of the orthopedic and neurology industries.
By Device Type | |||||||
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Fracture Repair Devices | |||||||
Arthroplasty Devices | |||||||
Non-Spinal Fusion |
USA Spinal Surgery Devices Market Size Summary
The United States Spinal Surgery Devices market is poised for significant growth, driven by advancements in surgical techniques and the increasing prevalence of obesity-related spinal degeneration. Obesity, a major health concern in the country, is closely linked to spinal damage, which is expected to boost the demand for spinal surgery devices. The market is further supported by the approval of innovative products, such as the M6-C Artificial Cervical Disc by Spinal Kinetics LLC, which enhances the efficacy of cervical fusion surgeries. This procedure, which involves fusing selected bones in the cervical spine, is gaining traction due to its potential to address spinal issues effectively.
Despite the promising growth prospects, the market faces challenges from alternative treatments like C-ADR, which offer better efficacy and cost-effectiveness, potentially restraining the growth of cervical fusion surgeries. Key players in the market, including Zimmer Biomet Holdings, Inc., Stryker Corporation, Medtronic Plc, and Johnson & Johnson, are actively contributing to the market's expansion through innovative solutions and strategic initiatives. These companies, along with others like Globus Medical Inc. and B.Braun Melsungen AG, are instrumental in shaping the competitive landscape of the USA Spinal Surgery Devices market, ensuring its robust development over the forecast period.
USA 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 Technological Advancements in Spinal Surgery
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1.2.2 Rising Burden of Obesity and Spinal Degeneration
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1.3 Market Restraints
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1.3.1 Complications Associated with Spinal Surgery
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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
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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 Facetectomy
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2.1.1.4 Foraminotomy
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2.1.1.5 Laminotomy
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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 Thoracolumbar Fusion
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2.1.2.4 Scolliosis Fusion
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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-Spinal Fusion
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USA Spinal Surgery Devices Market Size FAQs
What is the current USA Spinal Surgery Devices Market size?
The USA Spinal Surgery Devices Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in USA Spinal Surgery Devices Market?
Globus Medical LLC, Medtronic Plc, Johnson & Johnson, Stryker Corporation and Zimmer Biomet Holdings Inc. are the major companies operating in the USA Spinal Surgery Devices Market.