U.S. Spinal Implants And Devices Market Size & Outlook
U.S. spinal implants and devices market, 2018-2030 (US$M)
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U.S. spinal implants and devices market highlights
- The U.S. spinal implants and devices market generated a revenue of USD 5,025.9 million in 2023 and is expected to reach USD 6,450.0 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.6% from 2024 to 2030.
- In terms of segment, spinal fusion devices was the largest revenue generating product in 2023.
- Vertebral Compression Fracture Treatment Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Spinal implants and devices market data book summary
| Market revenue in 2023 | USD 5,025.9 million |
| Market revenue in 2030 | USD 6,450.0 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Spinal fusion devices |
| Fastest growing segment | Vertebral Compression Fracture Treatment Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spinal Fusion Devices, Spinal Biologics, Vertebral Compression Fracture Treatment Devices, Non-fusion Devices, Spinal Bone Growth Stimulators |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, Stryker Corp, NuVasive, Zimmer Biomet Holdings Inc, Globus Medical Inc Class A, Alphatec Spine, Orthofix Medical Inc, Ulrich Medical USA, B. Braun, RTI Surgical - cardiothoracic closure, SeaSpine |
Other key industry trends
- In terms of revenue, U.S. accounted for 37.7% of the global spinal implants and devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. spinal implants and devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,121.5 million by 2030.
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Spinal Implants And Devices Market Scope
Spinal Implants And Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. spinal implants and devices 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 implants and devices market will help companies and investors design strategic landscapes.
Spinal fusion devices was the largest segment with a revenue share of 57.45% in 2023. Horizon Databook has segmented the U.S. spinal implants and devices market based on spinal fusion devices, spinal biologics, vertebral compression fracture treatment devices, non-fusion devices, spinal bone growth stimulators covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. accounts for the largest market for spinal implants and devices. The rapidly rising demand for spinal surgeries coupled with the surging incidence of spinal injuries and disorders contributes to the large market share of this region.
As per the recent studies, the North American Spine Foundation states that impairments associated with spinal disorders and injuries are the number one cause of disabilities occurring in the U.S. The North American Spine Foundation has thus established an initiative called Spine 10 X 25, intended to reduce about 10% of the spine-associated disabilities by 2025.
This initiative also supports efforts in spreading awareness about the detrimental effects of spinal disorders amongst the population. Such awareness programs are expected to drive further the market growth. Moreover, this country has witnessed remarkable growth in its geriatric and obese population in the past few years.
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Target buyers of U.S. spinal implants and devices market databook
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Our clientele includes a mix of spinal implants and devices 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 country-level data and insights on the U.S. spinal implants and devices market , including forecasts for subscribers. This country databook contains high-level insights into U.S. spinal implants and devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. spinal implants and devices market size, by product, 2018-2030 (US$M)
U.S. Spinal Implants And Devices Market Outlook Share, 2023 & 2030 (US$M)
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