North America’s spinal surgery market was valued at USD 8.69 billion in 2016 and is projected to reach USD 11.95 billion by 2021, at a CAGR of 6.43% during the forecast period.
This market is a significant sub-section of the orthopedic industry. Spinal surgery is traditionally done as an open surgery, wherein a long incision allows a surgeon to access the spinal anatomy of a body. In recent years, a minimally invasive surgical device has received growing attention, as it does not involve a long incision, and thereby causes minimal damage to the muscles around the spine. This results in lesser post-operative pain and a faster recovery rate.
Spinal surgeries can be classified as ALIF (Anterior Lumbar Interbody Fusion), Anterior Cervical Discectomy, Bone Grafting, Discectomy, Spinal Decompression, Spinal Fusion, Spinal Instrumentation, Spinal Osteotomy, Thoracoscopic Release, and TLIF.
North America Spinal Surgery Market- Market Dynamics
The market for spinal surgery devices is driven by many factors. One of them includes the fact that the patients are offered safer and more reliable surgery options that would preserve natural movement and prevent degeneration of the spine. The growing incidence of spinal disorders is also one of the factors driving this market’s growth. Innovative techniques can now maintain the spinal mobility while treating spinal degeneration, and a number of manufacturers have developed motion-preserving devices to exploit this growing trend. Moreover, techniques like Minimally Invasive Spinal Surgery (MISS) are used to implant these devices and surgeons have found that these have a number clinical benefits. The factors hindering this market’s growth are high costs involving the treatment of procedures and the long time duration in getting an approval for the surgery process.
North America is estimated to contribute the largest market share of the global spinal implants & surgical devices market. Increasing technological awareness, growing population, and sedentary lifestyles are bound to increase the growth of spinal surgical devices market all around the world. Motion-preservation techniques in spinal non-fusion procedures are predicted to be the next big thing in spinal surgeries, which have witnessed enhanced adoption rates over the last few years. The US accounts for more than 60.0% of the market share, followed by Canada, which accounts for nearly 32.0% of the market share in North America.
The report on the North America’s spinal surgery market has been segmented into spinal compression (corpectomy, discectomy, facetectomy), spinal fusion, fracture repair devices, arthroplasty devices, and non-fusion devices. Geographically, the market has been segmented into the US, Canada, and Mexico.
Some of the key players in the market are:
Key Deliverables in the Study