Global Spinal Fusion Device Market Size & Outlook
The spinal fusion device industry worldwide is expected to reach a projected revenue of US$ 8,789.6 million by 2028. A compound annual growth rate of 4.4% is expected of the worldwide spinal fusion device industry from 2022 to 2028.
Revenue, 2021 (US$M)
$6,521.3
Forecast, 2028 (US$M)
$8,789.6
CAGR, 2022 - 2028
4.4%
Report Coverage
Worldwide
Global spinal fusion device market, 2016-2028 (US$M)
Related Markets
Global spinal fusion device market highlights
- The global spinal fusion device market generated a revenue of USD 6,521.3 million in 2021 and is expected to reach USD 8,789.6 million by 2028.
- The market is expected to grow at a CAGR (2022 - 2028) of 4.4% by 2028.
- In terms of segment, thoracolumbar accounted for a revenue of USD 3,611.2 million in 2021.
- Cervical is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2021.
- Country-wise, Spain is expected to register the highest CAGR from 2022 to 2028.
Global data book summary
| Market revenue in 2021 | USD 6,521.3 million |
| Market revenue in 2028 | USD 8,789.6 million |
| Growth rate | 4.4% (CAGR from 2021 to 2028) |
| Largest segment | Thoracolumbar |
| Fastest growing segment | Cervical |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Thoracolumbar, Cervical, Interbody fusion |
Other key industry trends
- In terms of revenue, the North America accounted for 41.2% of the global spinal fusion device market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
- By country, Spain is the fastest growing regional market and is projected to reach USD 132.3 million by 2028.
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Spinal Fusion Device Market Scope
Spinal fusion device market segmentation & scope
Anterior lumbar plates
Pedicle screws & rods
Others (hooks, wires & cables, crosslinks)
Anterior cervical plates
Hook fixation systems
Others (Plates & screws, clamps, wires)
Interbody fusion
Spinal Fusion Device Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global spinal fusion device market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to spinal fusion device market will help companies and investors design strategic landscapes.
thoracolumbar was the largest segment with a revenue share of 55.38% in 2021. Horizon Databook has segmented the Global spinal fusion device market based on thoracolumbar, cervical, interbody fusion covering the revenue growth of each sub-segment from 2016 to 2028.
- Global Spinal Fusion Device Product Outlook (Revenue, USD Million, 2016-2028)
- Thoracolumbar
- Anterior lumbar plates
- Pedicle screws & rods
- Others (hooks, wires & cables, crosslinks)
- Cervical
- Anterior cervical plates
- Hook fixation systems
- Others (Plates & screws, clamps, wires)
- Interbody fusion
- Thoracolumbar
- Global Spinal Fusion Device Surgery Outlook (Revenue, USD Million, 2016-2028)
- open
- Minimally invasive
- Global Spinal Fusion Device Disease Outlook (Revenue, USD Million, 2016-2028)
- Degenerative disc
- Complex deformity
- Trauma & fractures
- Others
- Global Spinal Fusion Device End-Use Outlook (Revenue, USD Million, 2016-2028)
- Hospitals
- Specialty Clinics
- Others
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Target buyers of Global spinal fusion device market databook
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Our clientele includes a mix of spinal fusion device market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global spinal fusion device market , including forecasts for subscribers. This global databook contains high-level insights into Global spinal fusion device market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Global spinal fusion device market statistics, by regions, 2016-2028 (US$M)
Top 10 countries: Spinal fusion device market size, 2021 (USD Million)
Top 10 countries: Spinal fusion device market size, 2021 (USD Million)
Global spinal fusion device market, by region, 2021 (US$M)
Related regional statistics
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