Global Spinal Fusion Market

Spinal Fusion Market: Pedicle Screws and Rods Product Type Segment to Remain Dominant Throughout the Forecast Period: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027

Spinal fusion is to stimulate the treatment response in spinal injury related problems. These products are available in the market specific to treatment for trauma cases, sports injury, spine surgeries and others. These products are of various types such as interbody cages, pedicle screws and rods and spinal fusion plates which go with majority of spinal surgeries. Spinal fusion products are used in all surgeries related to spinal problems.

Market Value and Forecast

Regarding revenue, the global spinal fusion market is projected to expand at a CAGR of 5.4% during the forecast period and is expected to be valued at US$ 12,561.9 Mn by the end of 2027.

Market Dynamics

Growth of the global spinal fusion market is primarily driven by increasing awareness towards treatment in both developed and developing countries, high prevalence of spinal cord injuries, an increasing geriatric population and increased adoption of well managed health. This preference towards preventive healthcare over reactive and external partnerships in research are driving development and growth of health mangement associations. However, shift in the channel to decline the influence of problems, gaps in epidemiological knowledge of alternative method of surgery, and high costs associated with spinal fusion surgeries, coupled with growing research on alternative treatment options are some factors expected to hamper the growth of the global spinal fusion market over the forecast period.  

Market Forecast by Product Type

Based on product type, the market is segmented into interbody cages, pedicle screws and rods and spinal fusion plates. Interbody cages product type segment is expected to witness relatively higher growth rates in terms of value in the global spinal fusion market over the forecast period.

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Market Forecast by Procedure Type

Based on procedure type, the global spinal fusion market is segmented into posterolateral fusion and interbody fusion. In terms of revenue share, interbody fusion segment dominated the global spinal fusion market in 2016 and is expected to retain its dominance throughout the forecast period.

Market Forecast by End User

Based on end user, the market is segmented into hospitals, speciality clinics and ambulatory surgical centres. Currently, the hospitals segment accounts for a relatively higher revenue share.

Key Regions

The global spinal fusion market is segmented into seven major regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East & Africa (MEA). In terms of value, North America is expected to be the dominant regional market by 2017 end and is expected to expand at a CAGR of 4.7% over the forecast period. Japan and APEJ are expected to be the fastest growing regional markets in terms of revenue growth in the global spinal fusion market, registering a value CAGR of 6.6% and 8.9% respectively over the forecast period.

Key Players

Some of the key players in the global spinal fusion market included in this report are Zimmer Biomet Holdings. Inc., K2M, Inc., MicroPort Scientific Corporation, Medtronic Plc., Johnson and Johnson (DePuy Synthes), Stryker Corporation, Integra Lifesciences Holdings Corp, Orthofix Holdings, Inc., Shandong Weigao Group Medical Polymer Company Limited, Bonovo Orthopedics, Inc., Suzhou Gemmed Medical Instrument Co. Ltd, NuVasive, Inc., B. Braun Melsungen AG, Globus Medical Inc., RTI Surgical, Inc., Expanding Orthopedics Inc., Vallum Corporation, ChoiceSpine, LP, Life Spine, Inc, and Precision Spine, Inc.

Report Description

Future Market Insights (FMI) offers a 10-year forecast of the global spinal fusion market. The primary objective of the report is to offer updates and information related to market opportunities in the global spinal fusion market as well as insights on the market dynamics that can influence the growth of the global spinal fusion market over the forecast period. Insights on key trends, drivers, restraints, value forecasts and opportunities for companies operating in the global spinal fusion market are presented in the report. To understand and assess opportunities in this market, the report offers the market forecast on the basis of product type, procedure type, end user and region. The report provides analysis of the global spinal fusion market in terms of market value (US$ Mn).

The global spinal fusion market is segmented on the basis of product type into:

  • Interbody Cages

  • Pedicle Screws and Rods

  • Spinal Fusion Plates

The report begins with the market definition, followed by definitions of the different spinal fusion product types. The market dynamics section includes FMI’s analysis of key trends, drivers, restraints, opportunities and macro-economic factors influencing the growth of the global spinal fusion market.

The report analyses the market on the basis of procedure type and presents the forecast in terms of value for the next 10 years. On the basis of procedure type, the global spinal fusion market is categorised into:

  • Posterolateral Fusion

  • Interbody Fusion

    • Anterior Lumbar Interbody Fusion (ALIF)

    • Extreme Lateral Interbody Fusion (XLIF)

    • Posterior Lumbar Interbody Fusion (PLIF)

    • Transforaminal Lumbar Interbody Fusion (TLIF)

    • Others

The report analyses the market on the basis of end user and presents the forecast in terms of value for the next 10 years. On the basis of end user, the global spinal fusion market is categorised into:

  • Hospitals

  • Speciality Clinics

  • Ambulatory Surgical Centres

Next, the report analyses the market on the basis of region and presents the forecast in terms of value for the next 10 years. On the basis of region, the global spinal fusion market is segmented into:

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Western Europe

    • UK

    • France

    • Germany

    • Italy

    • Spain

    • Nordic Countries

    • Benelux Countries

    • Rest of Western Europe

  • Eastern Europe

    • Russia

    • Poland

    • Rest of Eastern Europe

  • Asia Pacific

    • China

    • India

    • Australia & New Zealand

    • ASEAN

    • Rest of APEJ

  • Japan

  • Middle East & Africa (MEA)

    • GCC Countries

    • South Africa

    • Rest of MEA

We have considered Year-on-Year (Y-o-Y) growth to understand the predictability of the market and identify growth opportunities for companies operating in the global spinal fusion market. Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective for services offered in the spinal fusion market. To understand key segments in terms of their growth and performance in the global spinal fusion market, Future Market Insights has developed a market attractiveness index to help providers identify existing market opportunities.

In the final section of the report, a ‘competitive landscape’ has been included to provide a dashboard view of key companies operating in the global spinal fusion market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the global spinal fusion market and the potential players. This section also includes market strategies and SWOT analysis of the main players operational in the global spinal fusion market. Detailed profiles of spinal fusion product manufacturers are also included in the scope of the report to evaluate their long- and short-term strategies.