Spine
Surgery Devices Market, by Product Type (Spinal Fusion (Instrumented and
Non-Instrumented Spinal Fusion, Cervical Fusion, Interbody Fusion, and Lumbar
Fusion), Fracture Repair Devices, Arthroplasty Devices, and Non–fusion
Devices), by Procedure Type (Corpectomy, Discectomy, Facetectomy, Foraminotomy,
and Laminectomy), by End User (Hospitals, Surgical Centers and Others), and by
Region (North America, Latin America, Europe, Asia Pacific, Middle East, and
Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
Spinal injuries can occur due to
damage of vertebrae, ligaments, or discs of the vertebral column. The higher is
the injury on the vertebral column, more effect of the injury is likely to
occur as it is nearer to the brain. Such injuries can be treated by surgical
procedures. However surgeries do not treat damages, but can reduce the
deformity, relieve the pain and help in alignment of the spine (if fractured).
The devices of the surgery that are required depend on the approach of the treatment
chosen by the surgeon.
Global Spine Surgery Devices Market
Drivers
Frequent approvals by regulatory
bodies of novel surgical devices used in spinal injury is expected to drive the
global spine surgery devices market growth. For instance, in September 2018,
Meditech Spine LLC received approval by the U.S. Food and Drug Administration
(FDA) to market its product Cure Opel – C system. Cure Opel – C system is an
additional technology to its already existing product Cure ACP system and Talos
– C (HA) Interbody System. It provides a unique lock mechanism, which prevents
backing out of screws once fixed in the vertebral column.
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Furthermore, in January 2017,
Camber Spine Technologies, LLP received an approval by the U.S. FDA for its
product Siconus SI Fusion Screw System. It provides support and fixation to
larger bones like sacrum. Camber Spine Technologies developed this system with
the partnership of Institute for Musculoskeletal Science & Education. Such
approvals of novel devices by regulatory bodies is expected to propel the
global spine surgery devices market growth.
Furthermore, activities such as
collaborations, partnerships, mergers, and acquisitions by manufacturers are
expected to elevate the global spine surgery devices market growth. For
instance, in May 2019, Medtronic plc, a medical device company acquired Titan
Spine LLC, a manufacturer of interbody fusion devices, so as to expand its
product portfolio related to spinal surgery devices. Medtronic plc is expected
to buy Titan Spine LLC’s full Spine portfolio, which includes titanium–based
interbody fusion devices. Hence, such acquisitions are expected to accelerate
the global spine surgery market growth.
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Global Spine Surgery Devices
Market Regional Analysis
North America is expected to hold
a dominant position in global spine surgery devices market over the forecast
period. Factors such as high prevalence of spinal cord injuries is expected to
drive the North America’s spine surgery market growth. For instance, according
to National Spinal Cord Injury Statistical Center, the U.S. had around 17,700
new cases of spinal cord injury and the number of people living with the spinal
cord injury were found out to be around 288,000, in 2018. Hence, increase in
rate of spinal cord injuries would increase the demand for more surgeries, in
turn supporting the global spine surgery devices market growth over the
forecast period.
Global Spine Surgery Devices
Market Restraints
Complications in surgical
procedures related to spinal injuries may influence the adoption of these
surgeries and thus, hampering the global spine surgery devices market growth.
According to National Health Services (NHS), U.K., all surgeries are associated
with some kind of risks. For instance, in lumbar decompression surgery
(Laminectomy) there is a risk of infection at the location of invasion. It also
includes risk of blood clots, accidental damage to the nerves, loss of vision,
and facial sores. Hence, this factor is expected to hinder the global spine
surgery devices market growth.
Global Spine Surgery Devices
Market Key Players
Some of the major players
operating in the global spine surgery devices market include Zimmer Biomet
Holdings Inc., Stryker Corporation, DePuy Spine Inc., Medtronic plc, Globus
Medical Inc., Smith and Nephew plc, Arthrex , Inc., Paradigm Spine LLC,
Meditech Spine LLC, and Alphatech Spine Inc.
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