Spinal Fusion Market Size by Segments, Share, Regulatory, Reimbursement, Procedures and Forecast to 2033

Spinal Fusion Market Report Overview

Spinal Fusion market size was valued at $9.27 billion in 2023 and is forecast to grow at a CAGR of more than 1% during 2023 and 2033. Factors such as the advancement in navigation and imaging technologies will drive the market growth.

Spinal fusion is a surgical procedure that involves joining two vertebrae in the spine to form a single solid bone, with the involvement of certain devices, to relieve pain. The spine is made of 33 individual bones known as vertebrae. One unit refers to One spinal fusion system or device.

Spinal Fusion Market Outlook, 2023-2033 ($Billion)

Buy The Full Report for More Insights into The Spinal Fusion Market Forecast, Download A Free Report Sample

The spinal fusion market research report identifies quantitative market trends within drug delivery devices therapeutic areas. The report offers regional quantitative and qualitative data highlighting the sales in major markets. The model also covers in detail the effects of COVID-19 on the spinal fusion market for 2020 and beyond. Furthermore, the report provides spinal fusion market share by a company that will help in identifying untapped market opportunities.

Regional Analysis of Spinal Fusion Market

The key regions in the spinal fusion market are North America, Europe, Asia Pacific, South Central America, and the Middle East and Africa. North American spinal fusion market accounted for the largest share of the spinal fusion market in 2023 and will experience considerable growth during- the forecast period. The growing aging population and the associated indications will drive the procedures.

Along with the strong growth exhibited in this market over the past 20 years, the North American spinal fusion market appears as a mature market with moderate growth. Recent cost-containment measures and negative pricing pressures, along with the moderate growth in the number of spinal fusion procedures performed, will result in revenue growth for the North American market.

The US spinal fusion market follows worldwide and regional trends for North America. The medical community is pushing back against this market due to recent investigations. These investigations have revealed the number of medically unnecessary spinal fusion surgeries performed. The number of procedures will decrease during the forecast period.

Spinal Fusion Market Analysis by Regions, 2023 (%)

Buy The Full Report for More Regional Insights into The Spinal Fusion Market, Download a Free Report Sample

Spinal Fusion Market by Segments

The key segments in the Spinal Fusion market are Interbody Devices, Pedicle Screw Systems, and Spinal Plating Systems. Pedicle Screw Systems accounted for the largest share of the Spinal Fusion market in 2023.

Pedicle Screw Systems includes devices that play a key role in spinal segment immobilization. It is common practice to incorporate more than one type of implant in each procedure to maximize stability. In recent years, the treatment of fusions has become more dynamic, leading to changes in the materials and designs of Interbody Devices.

The Spinal Plating System is an implant used to treat patients with degenerative disc disease, spondylolisthesis, spinal stenosis, or fractures. Spinal Plating systems act to protect the bone graft placed during the surgery and provide extra stability to the spine after the surgery.

Spinal Fusion Market Analysis by Segments, 2023 (%)

Buy The Full Report for More Segment-Wise Insights into the Spinal Fusion Market Segments, Download a Free Report Sample

Spinal Fusion Market- Competitive Landscape

In 2023, Medtronic spinal fusion market had the highest revenue share

The major players in the spinal fusion market are:

• Medtronic Plc
• NuVasive Inc.
• DePuy Synthes Inc.
• Globus Medical Inc.
• Stryker Corp
• Zimmer Biomet Holdings Inc.
• others

The key strategy that major companies follow is having specific business units that focus on spine and bone grafts.

Companies are boasting well-rounded product portfolios that cover the major spinal device categories of spinal plating systems, interbody cages, and pedicle screw systems. They also invest heavily in the research and development of new spinal devices.

Spinal Fusion Market Analysis by Leading Companies, 2023(%)

Buy the Full Report for More Company-Wise Insights into the Spinal Fusion Market, Download a Free Report Sample

Spinal Fusion Market Dynamics

Trends: The advancement in navigation and imaging technologies will drive the spinal fusion market growth. Diffusion tensor imaging offers the ability to visualize the structural and orientation features of the central nervous system tissue. It allows for better identification of the micro-structural changes in a variety of spinal conditions, including trauma and degenerative.

Future Outlook: Spine surgery’s diagnostic and therapeutic regimen continues to test and improve the technological advances in neuroimaging. There is a large potential patient pool for spinal fusion procedures due to the increasing elderly population. The increasing number of indications for spinal fusion therapy will fuel the market growth.

Segments Covered in the Report

Spinal Fusion Segments Outlook (Value, $ Million, 2015-2033)

• Interbody Devices
• Machined Allograft Bone Interbody Devices
• Metal Interbody Devices
• Other Interbody Devices (Ceramic, Carbon Fibre)
• PEEK Interbody Devices
• Pedicle Screw Systems
• Cervical Pedicle Screw Systems
• One-level Pedicle Screw Systems
• Two-level Pedicle Screw Systems
• Thoraco-Lumbar Pedicle Screw Systems
• Four-level Pedicle Screw Systems
• One-level Pedicle Screw Systems
• Three-level Pedicle Screw Systems
• Two-level Pedicle Screw Systems
• Spinal Plating Systems
• Cervical Spinal Plating Systems
• One-level Spinal Plating Systems
• Two-level Spinal Plating Systems
• Thoraco-Lumbar Spinal Plating Systems
• Four-level Spinal Plating Systems
• One-level Spinal Plating Systems
• Three-level Spinal Plating Systems
• Two-level Spinal Plating Systems

Spinal Fusion Segments Outlook (Value, $ Million, 2015-2033)

• North America
• Europe
• Asia Pacific
• South Central America
• The Middle East and Africa

Key Inclusions of the market model are:

The spinal fusion market research report includes an insightful review of the key industry trends.

• The spinal fusion market report offers an annualized market revenue by segment and market outlooks from 2015-2033.
• The report also includes market-level data on units, average selling prices, and market values.

Regional, Country, and Global Spinal Fusion Market Insights:

• The spinal fusion market share report offers qualitative insights on global and regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
• Spinal fusion market SWOT analysis.
• The report provides trends and spinal fusion market competitive dynamics.

Buy the Full Report for More Insights on the Spinal Fusion Market Share, Download a Free Sample Report

Learn about consumer behavior through the detailed overview of segments and the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.

• Country-specific overview of the healthcare system.
• Country-specific reimbursement policies.
• Country-specific medtech regulatory landscape.

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. These syndicated models include demand and supply-side primary sources including Key opinion leaders. In addition, determine market trends through real-world data sources including databases of government procedures and hospital purchasing.

Companies covered -DePuy Synthes Inc, ZimVie Inc, Stryker Corp, Exactech Inc, Arthrex Inc, LimaCorporate SpA, Mathys AG Bettlach, Smith & Nephew Plc, and Others.

Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina and Chile.

Scope

• Extensive coverage of the spinal fusion market under development.
• An exhaustive list of major pipeline products and their details, including product description, licensing and collaboration details, and other developmental activities.
• Reviews of major players involved in the development of the spinal fusion market and lists all their pipeline projects.
• Coverage of pipeline products based on various stages of development ranging from early development to approved/issued stage.
• Key clinical trial data of ongoing clinical trials specific to pipeline products.
• Recent developments in the segment/industry.

Reasons to Buy

• Understand the COVID-19 impact on spinal fusion.
• Design your licensing strategies through a review of products, technologies, and companies with the most robust pipeline.
• Develop business strategies by understanding the trends shaping and driving spinal fusion.
• Understand the trends, innovative product launches, technologies, segments, and companies that will impact the market in the future.
• Formulate effective sales and marketing strategies with a detailed evaluation of spinal fusion market share by company. Identify strong competitors and create winning strategies to stand out in the global spinal fusion market.
• Track regional spinal fusion market sales as well as country-specific transactions from 2015-2033.
• Organize your sales and marketing efforts by identifying the spinal fusion market segment that presents maximum opportunities. Such details will help to make investments and strategic partnerships.