Canada Spinal Surgery Devices Market Size

Canada Spinal Surgery Devices Market Analysis

The Canada Spinal Surgery Devices Market size is estimated at USD 568.07 million in 2024, and is expected to reach USD 675.99 million by 2029, growing at a CAGR of 3.54% during the forecast period (2024-2029).

COVID-19 significantly impacted the Canadian spinal surgery devices market in the initial phases, as many surgeries got delayed due to the COVID-19-related lockdowns. Studies showed that while wait times improved over the pandemic period, elective surgeries were delayed, which resulted in longer wait times as health systems prioritized urgent procedures during the pandemic. However, the sector has been recovering significantly in the post-pandemic scenario. Over the last two years, the market recovery has been led by increased spinal deformities, new product launches, and increased demand for spinal surgery devices.

Advancements in technology in spinal surgery equipment, a rise in the aging and obese population with a growing number of spinal deformities, and increasing demand for non-invasive spinal surgery procedures are key elements driving the market growth. For instance,

• As per the World Obesity Atlas 2022, the estimated percentage of adults having obesity in Canada is expected to reach 38.5% in 2030.
• Furthermore, according to the Statistics Canada report, between 2016 and 2021, the number of people aged 85 and older grew by 12%, which was more than twice as high as the growth seen for the overall Canadian population (+5.2%). The geriatric population is more prone to undergo spinal surgeries.

Thus increase in the geriatric population is likely to boost the market growth during the forecast period.

Additionally, the presence of competitors, mergers, research collaborations, and acquisitions boosts market growth as these factors are likely to increase product availability and competition. For instance, in 2021, London-based startup A-Line Orthopaedics, in collaboration with Ontario-based Western University, developed a new spinal implant that could transform an invasive treatment for upper cervical spine fractures.

Thus, due to the rise in the number of technological advances in spinal surgery, and the increase in incidences of obesity and degenerative spinal conditions, the Canada spinal surgery market is anticipated to witness growth over the forecast period. However, the high surgery cost and regulatory restrictions hinder the market growth.