India Spinal Surgery Devices Market Size

Indian Spinal Surgery Devices Market Analysis

The India spinal surgery devices market is expected to register a CAGR of 4.4% during the forecast period.

The COVID-19 pandemic impacted the Indian spine surgery market to a great extent. For instance, according to an article published in December 2021, due to the reallocation of resources to the care of COVID-19 patients, the COVID-19 pandemic resulted in the suspension of elective procedures. In addition, over one-third of elective spine surgeries were canceled during the pandemic. Such instances were anticipated to have an adverse impact on the demand for Indian spinal surgery devices during the pandemic phase.

However, the market is expected to witness a high growth rate in the coming future owing to the increasing demand for spinal surgery devices and the resumption of elective surgeries. For instance, as per Stryker's annual report 2021, the company reported a growth in the overall revenue from the spine segment. The spine segment generated a revenue of USD 1,167 million in FY2021 compared to USD 1,047 million in FY2020. Thus, the market is expected to gain traction during the coming years.

Factors such as the rising prevalence of obesity in India, the increasing adoption rate of minimally invasive spinal surgeries, and growing technological advancements in spinal surgery are boosting market growth.

The increasing burden of obesity and diabetes among the population is the key factor driving the market growth. For instance, according to the 2022 statistics published by UNICEF World Obesity Atlas, more than 27 million children are expected to suffer from obesity by 2030 in India. Thus, the increasing number of people with obesity frequently develop symptoms associated with spinal disorders such as spinal stenosis that further boost the demand for spinal implant surgeries, thereby propelling the market growth.

Also, as per 2022 statistics published by IDF, 74.1 million people were living with diabetes in India in 2021, and this number is projected to increase to 92.9 million by 2030 and 124.8 million by 2045. The high glucose level in the body converts into fatty acids and gets stored as fats in adipose tissues, resulting in obesity. This is anticipated to increase the risk of developing spinal diseases, increasing the demand for spinal injuries and propelling the growth of the market studied.

Additionally, a study published in the Journal of Global Health in November 2021 observed that the prevalence of back/neck pain among adults was higher compared to non-specific neck pain. Also, as per the same source, the prevalence of non-specific back/neck pain and radiculopathy was higher among females than males. The higher incidence of lower back pain among the Indian population is anticipated to increase the demand for spine-related issues. This is expected to boost the demand for spinal surgeries, boosting the market growth.

Furthermore, minimally invasive spine surgery (MISS) offers an alternative to conventional open surgical techniques for treating a variety of spinal problems, including spinal stenosis, degenerative disc disease, herniated discs, and scoliosis. These minimally invasive spine surgeries offer numerous possible benefits, such as smaller incisions, less cutting into soft tissues (such as ligaments and muscles), outpatient possibilities, reduced post-operative pain, and quicker recovery.

Moreover, companies focusing on developing spine surgery products and adopting business strategies, such as partnerships and acquisitions, are also contributing to the market growth. For instance, in September 2021, Medtronic expanded its minimally invasive spine surgery ecosystem with next-generation spinal technologies such as Catalyft PL and PL40 (helps in simplifying bone graft delivery and active expansion at the precise angle), Space-D Access System, and Accelerate Graft Delivery System with Grafton DBF. Also, in February 2022, Zimmer Biomet spun off its spine and dental device businesses to form a new and independent publicly traded company. This will enhance the focus of both Zimmer Biomet and the new company to meet the needs of patients. Such developments are fueling the adoption and demand for spinal surgery devices, thereby contributing to the market's growth.

Therefore, due to the aforementioned factors, the market studied is expected to grow during the forecast period. However, the expensive treatment procedures and the stringent regulatory process for new product approvals are likely to hinder the growth of spinal surgery devices in India during the forecast period.