Spinal Fusion Devices Market To Reach $9.75 Billion By 2030

Spinal Fusion Devices Market Growth & Trends

The global spinal fusion devices market size is expected to reach USD 9.75 billion by 2030, expanding at a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. The increasing number of spinal-related disorders and technological advancement in spinal fusion surgeries are boosting the market growth. The market experienced a slight decrease in growth rate in 2020 due to delays or cancellations of elective surgeries.

Nuvasive reported a decrease in the revenue by 5.4% in 2020 Q1 as compared to 2019 Q1. However, the market experienced recovery during the 3^rd quarter of 2020 due to the ease of lockdown and resumption of surgeries. In May 2021, Orthofix received FDA 510 (k) clearance for the Forza Ti spacer system for transforaminal lumbar interbody fusion procedures. In March 2021, ATEC launched the InVictus Occipital-Cervical-Thoracic Spinal Fixation System to enhance the spine portfolio. The aforementioned factors are expected to boost market revenue over the forecast period.

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Spinal Fusion Devices Market Report Highlights

• The thoracolumbar devices product segment accounted for a revenue share of 55.9% in 2023. This contribution is mainly because of the increased number of thoracolumbar disorders and technological advancements

• The minimally invasive spine surgery segment dominated the market with a share of 69.4% in 2023. The associated advantages such as less blood loss, less surgery time, increased recovery time are boosting the growth of the segment

• The degenerative disc product segment accounted for the largest market revenue share in of 42.1% 2023. The growth can be attributed to the growing target population and the increasing number of lower back pain and neck pain in adults

• The hospitals segment dominated the market in 2023. The growth can be attributed to advanced treatment options and a large number of patient footfall

• North America spinal fusion devices market dominated the market with a share of 42.0% in 2023. Increased target population, advanced healthcare infrastructure, and technological advancements are anticipated to contribute to the growth of the market in the region

Spinal Fusion Device Market Segmentation

Grand View Research has segmented the spinal fusion devices market based on product, disease, surgery, end use, and region:

Spinal Fusion Devices Product Outlook (Revenue, USD Million, 2018 - 2030)

• Thoracolumbar Devices

  • Anterior Lumbar Plates

  • Pedicle Screw and Rods

  • Others

• Cervical Fixation Devices

  • Anterior Cervical Plates

  • Hook Fixation Systems

  • Others

• Interbody Fusion Devices

Spinal Fusion DevicesDisease Outlook (Revenue, USD Million, 2018 - 2030)

• Other Nondestructive Technologies

• Degenerative Disc

• Complex Deformity

• Trauma & Fractures

• Others

Spinal Fusion Devices Surgery Outlook (Revenue, USD Million, 2018 - 2030)

• Open Spine Surgery

• Minimally Invasive Spine Surgery

Spinal Fusion Devices End Use Outlook (Revenue, USD Million, 2018 – 2030)

• Hospitals

• Outpatient Facilities

Spinal Fusion Devices Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • Saudi Arabia

  • UAE

  • South Africa

  • Kuwait

List of Key Players in Spinal Fusion Devices Market

• Medical Device Business Services, Inc.

• Stryker

• Medtronic

• Orthofix Medical Inc.

• NuVasive, Inc.

• Zimmer Biomet.

• Captiva Spine, Inc.

• Institute for Spine & Scoliosis

• Spine Wave, Inc.

• XTANT MEDICAL

• B. Braun SE

• Globus Medical

• ATEC Spine, Inc.

• SeaSpine

• Spineology Inc.