The spine biologics market is likely to register a CAGR of 4.5% during the forecast period. The market is anticipated to be valued at US$ 2.62 Bn in 2022 and likely to be valued at US$ 4.7 Bn by 2032.
Attributes
Details
Spine Biologics Market CAGR (2022 to 2032)
4.5%
Spine Biologics Market Value (2022)
US$ 2.62 Billion
Spine Biologics Market Value (2032)
US$ 4.7 Billion
The demand for spine biologics is likely to rise due to the number of spine cord injuries, bone fusion surgery, and degenerative disk globally during the forecast period. Additionally, the growing generic population and rising advanced bone grafting will accelerate the spine biologics market in recent years. Further, the rising adoption of spine biologics treatment with growing awareness among patients will boost the spine biologics market size during the foreseen time.
The key market manufacturers are developing the best quality metallic plates and rods for the patient's treatment which are adopted by healthcare surgeons. This is likely to advance the spine biologics market growth during the forecast period. However, these metallic materials are used widely in the healthcare sector because the fast bone healing process among patients is likely to increase the adoption of spine biologics during the forecast period.
It is an ideal approach by key healthcare manufacturers, which is safe, reduces injury, and aids recovery faster. These factors will propel the market size of global spine biologics. Moreover, spine disorders or spine implants by the aged population are mushrooming the market growth in recent years. Based on product type, the market is further categorized into spinal allograft, demineralized bone matrix, bone morphogenetic protein, bone substitute, and machined bone.
The spinal allograft dominates the market for global spine biologics by securing a significant share and healthy growth during the forecast period. A spinal allograft is a bone that is likely to be donated from one person to another for spine treatment. It eliminates the surgery time during the procedures and is likely to increase the demand for spinal allografts during the forecast period.
Moreover, prominent companies are focusing on this treatment and advancing to promote spinal allograft procedures. Several international companies are likely to increase the demand for natural bone grafts and related products and are likely to flourish the market growth in recent years.
Based on region, North America dominates the spine biologics market by securing the highest share during the forecast period. Due to growing numbers of rheumatoid arthritis and improves the healthcare sector during the foreseen time. Moreover, rapid urbanization, rising per capita income, and developing new technologies are accelerating the adoption of spine biologics in the region.
On the other hand, key players play a crucial role in the market by focusing on the patient's requirements. They are capturing the lion’s share in the market by adopting several marketing methodologies. Some of them are mergers, collaborations, acquisitions, partnerships, and product launches, among others.
A biologic material is a substance that actively alters the surrounding environment and effects a change in the environment that progresses through an active biological process, the effects can be seen through increased cellular activity, growth, and differentiation. A biologic material or bone graft attracts more cells to the fusion site can actively increase bone formation and stimulate spinal fusion.
Spine Biologics constitute of material that can be used in bone fusion surgery, spinal cord injury and degenerative disc disease. The use of biologics in spine surgery has always been an important component in any spinal fusion surgery. The biologic material or bone graft is a critical element in the fusion healing process. In the past, there were few options, primarily using the patient's own bone (ie, autograft).
The surgeon removed bone from one area of the patient's body (eg, iliac crest/hip) and used the bone as graft implanted into the spine for fusion. Many surgeons still use autograft as their primary bone graft of choice. However, the use of autograft often requires a separate surgical incision and removal of bone from an area of the body outside the spine, furthermore, availability of autograft is limited.
Typically, bone can only be removed from an area once. This can present a problem for patients who require additional surgery. In children, the areas available for autograft are small, and there may not be enough bone to successfully heal the fusion. These scenarios represents some of the reasons why other types of biologic materials are needed. The ultimate goal of fusion is to restore disc height, alignment, and stability. In order for new bone to form, three critical elements are required:
osteoconductive scaffold (or a surface for bone to grow on, in, and through),
osteogenic cells (the cells that produce bone)
osteoinductive signals (proteins/molecules that tell the cells what to do)
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Spine Biologics Market: Drivers & Restraints
Spine Biologics market is growing due to advancement in technology, demand for better minimally surgical procedures that support doctor and reduce in hospitalization timing. Also rise in prevalence of diseases due to aging population and related disease like rheumatoid and osteoarthritis, obesity, government funding, increased awareness and requirement for reduced hospital stay is driving the market in most regions.
Spine Biologics has a tremendous demand in Americas region and pool the largest share in Spine Biologics market also due to increase in awareness Asia-Pacific region will show tremendous growth in future with highest population countries in Asia will drive it tremendously adding to the market share. The biggest restrain in the market is the healthcare cost for such procedures and the substitute product available.
Spine Biologics Market: Overview
Spine Biologics is gaining popularity as it is minimally invasive and require lesser time of stay at hospital than open surgical procedures. The market is experiencing increase owing to increased awareness and sophisticated diagnostic technique, also markets have been witnessing considerably high growth because of increase in patient pool and procedure numbers of osteoarthritis and rheumatoid arthritis.
Spine Biologics market is experiencing growth in the developed countries because of high prevalence, improving healthcare facility, economic growth, insurance coverage and fast disease progression. North America constitutes the largest share in the global market, followed by Europe.
The North American spine biologics market is experiencing significant growth in the region as a result of the growing population, awareness of newly developed technologies, increased per capita income of the hospitals and the people, improved medical literacy.
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Spine Biologics Market: Key Players
Some of the key market players in global Spine Biologics Market are Alphatech Spine, Medtronics, Biomet, Globus medical, Exactech, RTI Biologics, Zimmer, Small Bone Innovations, Stryker, Amedica, K2M, NuVasive, Precision Spine, TranS1 to name a few.
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Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain, Rest of Western Europe)
Eastern Europe (Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Spine Biologics Market: Segmentation
Spine Biologics can be segmented by product type as follows:
