USA Spinal Surgery Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 7.50 % |
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?
USA Spinal Surgery Devices Market Analysis
The United States Spinal Surgery Devices market is expected to register a higher CAGR growth during the forecast period. The advancing techniques in spinal surgery coupled with the rising burden of obesity and spinal degeneration is expected to be a key factor in the market. According to the Centre for Disease Control and Prevention, 2017-18, the prevalence of obesity was about 42.4%. Obesity is one of the major health concerns in the United States. Further, obesity is strongly linked to spinal damage. Hence, with the increasing number of obese people in the country, the market is expected to flourish in the future.
USA Spinal Surgery Devices Market Trends
This section covers the major market trends shaping the USA Spinal Surgery Devices Market according to our research experts:
Cervical Fusion is Expected to Show a Healthy Growth During the Forecast Period
Cervical fusion is a surgery that fuses selected bones in the cervical spine. It is also known as arthrodesis. Cervical spine fusion can be performed in many ways. The bone used for fusion can be taken from a bone bank or can be obtained from the patient’s own body. The bone is used to make a bridge between adjacent vertebrae. The presence of product approval is expected to drive the demand in this segment. For instance, in 2019, Spinal Kinetics LLC received the US FDA (Food and Drug Administration) approval for its product M6-C Artificial Cervical Disc. It is an implant that is used for replacing the damaged or diseased disc in the spine, C3-C7. Thus, considering all the above-mentioned factors associated with cervical fusion surgery, the market is expected to propel over the forecast period.
However, the outcome of the surgery is still questionable. Alternative treatments such as C-ADR which have been observed to provide better efficacy and are cost-effective is expected to act as a major restraint impeding the growth of cervical fusion in the market.
USA Spinal Surgery Devices Industry Overview
Some of the major players in the USA Spinal Surgery Devices market are Zimmer Biomet Holdings, Inc, Stryker Corporation, Medtronic Plc, Johnson & Johnson, Globus Medical Inc., B.Braun Melsungen AG(Aesculap Implant System, LLC), Joimax GmbH, Bioventus LLC.
USA Spinal Surgery Devices Market Leaders
Globus Medical LLC
Medtronic Plc
Johnson & Johnson
Stryker Corporation
Zimmer Biomet Holdings Inc.
*Disclaimer: Major Players sorted in no particular order
USA Spinal Surgery Devices Market Report - Table of Contents
-
1. INTRODUCTION
-
1.1 Study Assumptions
-
1.2 Scope of the Study
-
-
2. RESEARCH METHODOLOGY
-
3. EXECUTIVE SUMMARY
-
4. MARKET DYNAMICS
-
4.1 Market Overview
-
4.2 Market Drivers
-
4.2.1 Technological Advancements in Spinal Surgery
-
4.2.2 Rising Burden of Obesity and Spinal Degeneration
-
-
4.3 Market Restraints
-
4.3.1 Complications Associated with Spinal Surgery
-
-
4.4 Porter's Five Force Analysis
-
4.4.1 Threat of New Entrants
-
4.4.2 Bargaining Power of Buyers/Consumers
-
4.4.3 Bargaining Power of Suppliers
-
4.4.4 Threat of Substitute Products
-
4.4.5 Intensity of Competitive Rivalry
-
-
-
5. MARKET SEGMENTATION
-
5.1 By Device Type
-
5.1.1 Spinal Decompression
-
5.1.1.1 Corpectomy
-
5.1.1.2 Discectomy
-
5.1.1.3 Facetectomy
-
5.1.1.4 Foraminotomy
-
5.1.1.5 Laminotomy
-
-
5.1.2 Spinal Fusion
-
5.1.2.1 Cervical Fusion
-
5.1.2.2 Interbody Fusion
-
5.1.2.3 Thoracolumbar Fusion
-
5.1.2.4 Scolliosis Fusion
-
-
5.1.3 Fracture Repair Devices
-
5.1.4 Arthroplasty Devices
-
5.1.5 Non-Spinal Fusion
-
-
-
6. COMPETITIVE LANDSCAPE
-
6.1 Company Profiles
-
6.1.1 Zimmer Biomet Holdings, Inc
-
6.1.2 Stryker Corporation
-
6.1.3 Medtronic Plc
-
6.1.4 Johnson & Johnson
-
6.1.5 Globus Medical Inc.
-
6.1.6 B.Braun Melsungen AG(Aesculap Implant System, LLC)
-
6.1.7 Joimax GmbH
-
6.1.8 Bioventus LLC
-
- *List Not Exhaustive
-
-
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
USA Spinal Surgery Devices Industry Segmentation
As per the scope of this report, spine surgery is one of the fast-growing surgical techniques and is evolved into one of the major segments of the orthopedic and neurology industries.
| By Device Type | |||||||
| |||||||
| |||||||
| Fracture Repair Devices | |||||||
| Arthroplasty Devices | |||||||
| Non-Spinal Fusion |
USA Spinal Surgery Devices Market Research FAQs
What is the current USA Spinal Surgery Devices Market size?
The USA Spinal Surgery Devices Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in USA Spinal Surgery Devices Market?
Globus Medical LLC, Medtronic Plc, Johnson & Johnson, Stryker Corporation and Zimmer Biomet Holdings Inc. are the major companies operating in the USA Spinal Surgery Devices Market.
What years does this USA Spinal Surgery Devices Market cover?
The report covers the USA Spinal Surgery Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the USA Spinal Surgery Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
USA Spinal Surgery Devices Industry Report
Statistics for the 2024 USA Spinal Surgery Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. USA Spinal Surgery Devices analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
