China Spinal Surgery Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The China Spinal Surgery Devices Market is Segmented by Device Type (Spinal Decompression, Spinal Fusion, Fracture Repair Devices, Arthroplasty Devices, and Non-fusion Devices)

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2019
CAGR: 3.1 %

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Market Overview

The key factors propelling the growth of this market are the increasing adoption rate of minimally invasive spinal surgeries and increasing incidences of obesity and degenerative spinal conditions.

Obesity in China is a major health concern according to the WHO, with overall rates of obesity between 5% and 6% for the country, but greater than 20% in some cities where fast food is popular. The prevalence of severe obesity was highest among adults aged 40–59 compared with other age groups. These numbers are further expected to increase with changing lifestyles and food consumption methods. With the increase in obesity cases, there is an increasing number of spinal problems that help to increase the overall market. 

Also, with the growing geriatric population, the number of people suffering from lower back pain and other degenerative spinal conditions is thus expected to increase the overall market during the forecast period.

Scope of the report

As per the scope of the report, spinal surgery devices are the devices used for the treatment of spinal injuries or deformities. They help restructure or realign the spine.

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Key Market Trends

Spinal Fusion is Expected to Hold the Highest Market Share in the Device Type Segment

In the spinal surgery devices market, spinal fusion is believed to have a high market size, and it is expected to witness high growth during the forecast period. Many products in the market provide conventional effective treatments to patients suffering from lumbar spinal stenosis, along with alternative advanced treatments for decompression spine surgery. 

A major share of the market studied is occupied by posterior screw fusion systems, due to their increased usage. According to Zhi-Meng Wang, Peng Zou, Jun-Song Yang, an article published in 2020, the primary cause of spinal cord injuries in the country are 47.75% from low falls, 37.31% from high falls, followed by traffic accidents with 8.98% Therefore the injuries is expected to increase over the forecast period, registering a healthy CAGR. Hence with the increasing spine ailments in China, the market is expected to grow during the forecast period.

china spine

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Competitive Landscape

The market is moderately competitive and consists of several major players. Moreover, with the increasing technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by introducing new technologies with better usability.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Incidences of Obesity and Degenerative Spinal Conditions

      2. 4.2.2 Increasing Adoption Rate of Minimally Invasive Spinal Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 Expensive Treatment Procedures

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Device Type

      1. 5.1.1 Spinal Decompression

        1. 5.1.1.1 Corpectomy

        2. 5.1.1.2 Discectomy

        3. 5.1.1.3 Others

      2. 5.1.2 Spinal Fusion

        1. 5.1.2.1 Cervical Fusion

        2. 5.1.2.2 Interbody Fusion

        3. 5.1.2.3 Other Spinal Fusions

      3. 5.1.3 Fracture Repair Devices

      4. 5.1.4 Arthroplasty Devices

      5. 5.1.5 Non-fusion Devices

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Styker Corporation

      2. 6.1.2 Johnson & Johnson

      3. 6.1.3 Zimmer Holdings Inc.

      4. 6.1.4 Chunlizhengda Medical Instruments Co

      5. 6.1.5 Beijing Fule

      6. 6.1.6 Medtronic PLC

      7. 6.1.7 Orthofix Holdings Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The China Spinal Surgery Devices Market market is studied from 2018 - 2026.

The China Spinal Surgery Devices Market is growing at a CAGR of 3.1% over the next 5 years.

Zimmer Holdings Inc., Styker Corporation, Johnson & Johnson, Medtronic Plc, Beijing Fule are the major companies operating in China Spinal Surgery Devices Market.

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