Market Size of Japan Spinal Surgery Devices Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 7.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Japan Spinal Surgery Devices Market Analysis
The Japan Spinal Surgery Devices Market is expected to record a CAGR of 7.5% over the forecast period.
COVID-19 significantly impacted the Spinal Surgery Devices Market in Japan owing to the strict regulation imposed on elective surgeries during the initial stages of the pandemic outbreak. For instance, the UCSFME article published in 2022 mentioned that spinal surgeries in Japan decreased by 10.1% compared to the pre-pandemic period. The article also mentioned that lumbar spinal stenosis surgery decreased by 19.7%, lumbar disc herniation by 6.4%, and cervical spondylotic myelopathy by 9%. Such a decrease in elective spinal surgeries in Japan during the pandemic period significantly impacted the market's growth. However, the resumption of all elective spinal surgeries after the relaxation of strict regulation by the Japanese government during the post-pandemic period is expected to contribute to the market's growth over the forecast period.
The major driving factors, such as the geriatric population, who are more likely to be prone to spinal injuries, and rising demand for minimally invasive surgeries are e, expected to play a crucial role in the market's growth. For instance, in the JTC article published in September 2022, Japan's population aged over 75 years contributes to over 15% of the total population, and those over 65 years are 29.1% of the total population. Furthermore, the prevalence of sports injuries leading to spinal injuries or fractures in the Japanese population is expected to drive the market's growth. For instance, as per the article published by JNS in August 2021, within sports-related traumatic spinal injuries in Japan, the rate of spinal cord injuries was 13% for cycling injuries compared to 41% and 49% for contract sports and aquatic sports injuries. Thus, the high incidence of sports injuries requiring spinal surgical procedures is expected to drive the market's growth over the forecast period.
As per the factors above, Japan's spinal surgery devices market is likely to grow over the forecast period. However, the risk associated with spinal surgery, the time involved, and the high cost of the surgery restrain the market growth.
