Author: Acumen Research and Consulting

The global Spine Surgery Market size occupied USD 17.8 Billion in 2022 and is estimated to arrive at a size of around USD 28.7 Billion by 2032 rising with a CAGR of 4.9% during the forecasted years, as reported by Acumen Research & Consulting

The market for spine surgery has a generally positive outlook, with significant growth anticipated in the coming years. The rising prevalence of spinal disorders, such as degenerative disc disease, spinal stenosis, and herniated discs, is driving up demand for spine surgery procedures. The growing geriatric population and demand for minimally invasive surgeries are also driving the growth of the spine surgery market. The market is also being driven by the growing adoption of advanced technologies such as robotic-assisted spine surgeries, 3D printing, and artificial intelligence.

Despite the opportunities for growth, there are some challenges that may affect the spine surgery market. The high cost of spine surgeries and the potential for complications associated with these procedures are some of the major challenges. There is also growing pressure to move towards more value-based healthcare, which may necessitate healthcare providers adopting less invasive and less expensive spine surgery procedures.

Spine Surgery Market Statistics

• Global spine surgery market revenue accounted for USD 17.8 billion in 2022, with a 4.9% CAGR from 2023 to 2032
• North American spine surgery market share occupied around 48% in 2022
• Asia-Pacific spine surgery market growth is estimated to attain over 5% CAGR from 2023 to 2032
• By procedure type, discectomy grabbed over 34% share in 2022
• Among technologies, the spinal fusion and fixation sub-segment gathered US$ 6.8 billion in revenue in 2022
• Rising demand for broad-spectrum spine surgery is a recent spine surgery market trend

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Spine Surgery Market Dynamics

Increasing Prevalence of Spinal Disorders Expands the Spine Surgery Market Value

Numerous factors contribute to the rising prevalence of spinal disorders. One of the major factors is the ageing population, as degenerative changes in the spine become more common with age. Sedentary lifestyles and poor posture can also contribute to the growth of spinal disorders. Other factors such as genetics, injuries, and certain medical conditions may also contribute to the development of spinal disorders. As a result, there is an increase in the demand for spine surgery procedures to treat these conditions and enhance patient results. The rising prevalence of spinal disorders is expected to drive demand for spine surgery procedures in the future.

Increasing Adoption of Robotic-Assisted Spine Surgery to Generate Remarkable Spine Surgery Market Opportunities

One of the key trends driving the spine surgery market is the increasing adoption of robotic-assisted spine surgery. Robotic-assisted spine surgery entails the use of robotic technology to assist surgeons during the procedure. The technology enables for more precise and accurate implant placement, reduces the risk of complications, and may result in shorter patient recovery times.

The benefits of robotic-assisted spine surgery are driving its adoption, with more hospitals and surgical centers investing in the equipment required to perform these procedures. This trend is expected to continue, with future advancements in robotic technology likely to improve the precision and accuracy of spine surgery procedures.

Spine Surgery Market Segmentation

The global market has been categorized into product, surgery type, procedure type, technology, end-user, and region.

The product type segment is divided into spinal fusion devices, non-fusion devices, spine biologics, spine bone stimulators, thoracic fusion & lumbar fusion devices and vertebral compression fracture treatment devices. Based on surgery types, the bifurcation includes open surgery and minimally invasive surgeries. Procedure type segment includes discectomy, foraminotomy, laminotomy, facetectomy, and corpectomy. Spinal laminectomy/spinal decompression, motion preservation/non-fusion, vertebral compression fracture treatment, and spinal fusion and fixation are the technologies considered in the market. On the basis of end-users, the market is split into hospitals, specialty clinics, ambulatory surgical centers (ASCs), and others. The market is divided into five regions: North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa (MEA).

Spine Surgery Market Share

Among all the product type, spinal fusion devices dominated the spine surgery market in 2022 and are expected to do so in the coming years.

As per the spine surgery market forecast, the minimally invasive surgeries are expected to gain significant market share from 2023 to 2032.

According to the spine surgery industry analysis, the discectomy sub-segment gathered utmost shares in 2022, whereas laminotomy sub-segment is going to gather significant share in the coming future.

The spinal fusion and fixation sub-segment occupied major share in the technology segment whereas other technologies are likely to grow with noteworthy growth rate.

Hospitals have acquired maximum of the market shares, specialty clinics and ambulatory surgical centers (ASCs) are second and third largest segments in the market.

Spine Surgery Market Regional Outlook

North America currently has the largest market for spine surgery, due to factors such as the region's ageing population and high prevalence of spinal disorders. With many spine surgery procedures performed each year, the United States is the largest market in North America.

With rising demand for minimally invasive spine surgery procedures and an increase in the number of specialty clinics and surgical centres providing these services, Europe is also a significant market for spine surgery.

Due to factors like rising healthcare spending, a growing population, and increased public awareness of spinal disorders and available treatments, the Asia Pacific region is predicted to experience the fastest growth in the spine surgery market. China and India are expected to be key markets for spine surgery in the Asia Pacific region.

Spine Surgery Market Players

Some prominent spine surgery companies covered in the industry include Alphatec Holdings, B. Braun., DePuy Synthes, Globus Medical, Johnson & Johnson, K2M, Medtronic, NuVasive, Orthofix International, RTI Surgical Holdings, Stryker, Ulrich GmbH & Co. KG, and Zimmer Biomet.

In 2021, Medtronic announced the release of its new titanium 3D-printed platform for use in spinal surgery procedures. In addition, the company received FDA approval for its minimally invasive spine surgery system, which is intended to improve the accuracy and precision of spinal implant placement.

In 2021, Globus Medical announced the release of its new Expandable Spacer System for use in spinal fusion procedures. The company also received FDA approval for its ExcelsiusGPS robotic guidance and navigation system, which is intended to improve the accuracy and precision of spinal implant placement.

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