The global thoracolumbar stabilization devices market is projected to be appraised at US$ 2,066.2 million by 2033, up from US$ 1,206.7 million in 2023, advancing at a CAGR of 5.5% from 2023 to 2033. The demand for thoracolumbar stabilization devices is gaining momentum as they are widely used to reduce or eliminate the instability in the spine regions and act as an alternative method for the spinal fusion.
Thoracolumbar stabilization procedure retains some of the mobility in the spine, whereas fusion eliminates all the movement with complete stabilization and the same is expected to spike the demand for the product. In addition to this, the market growth is also fostered through help by these devices in providing a firm support to the thoracic spine and straightening the curve.
Spinal injury and chronic back pain are among the prevalence conditions and increasing prevalence of these conditions is expected to drive the thoracolumbar stabilization devices market growth to a considerable extent.
Titanium devices segment is expected to be leading revenue generating market as these devices are light in weight and dynamic in nature. The demand for these devices is likely to positively impact the overall market growth.
The sales of these devices spike as posterior thoracolumbar stabilization devices are expected to generate high revenue compared to anterior devices as generally all surgical stabilization of thoracolumbar region starts with the posterior implant.
The sales of thoracolumbar stabilization devices are expected to be continuously growing due to cost effectiveness and better management of disease as compared to analgesics. These devices are available in variety of shape and size and provide options to choose among variety and the same augments the revenue of market.
| Report Attributes | Details |
|---|---|
| Global Thoracolumbar Stabilization Devices Market Valuation in 2022 | US$ 1,149.6 million |
| Estimated Global Market Share in 2023 | US$ 1,206.7 million |
| Forecasted Global Market Size by 2033 | US$ 2,066.2 million |
| Projected Global Market Growth Rate from 2023 to 2033 | 5.5% CAGR |
| Historical Market Growth Rate from 2018 to 2022 | 4% CAGR |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
The market outlook is positively influenced on account of the growing concern for health diseases worldwide, where governments all over the world are putting a huge emphasis on healthcare. Further, medical facilities are also constantly working to improve the standard and quality of stabilization devices.
The combined efforts of the government and medical community in tandem with the rising demand for non-invasive surgical procedures are anticipated to aid in the growth of the thoracolumbar stabilization devices market. Furthermore, the sales of thoracolumbar stabilization device are propelled by the increasing prevalence of spine deformities among older population. However, high initial cost associated with these devices can be a restraint to the market on the whole.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| North America | 42.7% |
| Europe | 34.1% |
North America is the leading market for the thoracolumbar stabilization devices due to presence of key players, pushing the region’s market share to 42.7% in 2022. In addition to this, the awareness among people coupled with better healthcare infrastructure and reimbursement policies are likely to expand the region’s market size to a significant extent. Also, the rising number of spinal and back injuries in this region also drives up product demand.
| Regional Market Comparison | Global Market Share in Percentage |
|---|---|
| The United States | 40% |
| Germany | 8.9% |
| Japan | 2.6% |
Principal Consultant
By 2022, the market in Europe accounted for a share of 34.1% in 2022. Western Europe is the second largest market for thoracolumbar stabilization devices; owing to government funding that reaches the poor members of society who are in desperate need of such devices.
The FDA approval process for medical devices in the United States is stringent, inconsistent, and lengthy, when compared to the CE marking process in Europe which is expanding the market size in the region.
| Regional Markets | CAGR (2023 to 2033) |
|---|---|
| The United Kingdom | 4.3% |
| China | 6.7% |
| India | 5.7% |
| Australia | 4.6% |
Innovative medical devices frequently introduce disruptive changes to the market to significantly improve the quality of patients' lives. Moreover, numerous start-ups are bringing out emerging trends in the market with the launch of various technologies in regard to the market.
Spinal Stabilization Technologies is a start-up, situated in the United States that creates spinal medical devices to treat degenerative disc disease. PerQdisc, the company's investigational device, is a less invasive alternative to highly invasive traditional total disc replacement and spinal fusion treatments. It is a patent-pending lumbar spine disc nucleus replacement technology that replaces the physical space of the nucleus pulposus and restores anatomical motion and weight bearing capabilities.
| Category | By Device Type |
|---|---|
| Top Segment | Anterior Stabilization Device |
| Market Share in Percentage | 55.4% |
| Category | By End User |
|---|---|
| Top Segment | Hospitals |
| Market Share in Percentage | 51.2% |
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
Companies are focusing on advancement of devices and development of minimally invasive screws and roads, thereby expanding their market share. Such recent developments by the key players in the market are as follows:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.5% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | By Device Type, By Material, By End Use, By Region |
| Regions Covered | North America Market; Latin America Market; East Asia Market; South Asia Pacific Market; The Middle East and Africa (ME&A) Market; Europe Market |
| Key Countries Profiled | The United States, Canada, Brazil, Argentina, Germany, The United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC, South Africa |
| Key Companies Profiled | B. Braun Melsungen AG; Zimmer, Inc.; Coligne AG; Yellowsteps SAS; Medyssey Co. Ltd.; DePuySynthes Company; Aesculap Implant Systems, LLC; Ulrich Medical; Medtronic Public Limited Company; Stryker |
| Customization& Pricing | Available Upon Request |
The market is valued at US$ 1,206.7 million in 2023.
From 2018 to 2022, the market registered a CAGR of 4%.
The market shall reach US$ 2,066.2 million in 2033.
The market will register a 5.5% CAGR until 2033.
North America generated 42.7% revenue in 2022.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Device Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Device Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Device Type, 2023 to 2033 5.3.1. Anterior Stabilization Device 5.3.2. Posterior Stabilization Device 5.3.3. Retractors 5.4. Y-o-Y Growth Trend Analysis By Device Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Device Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material, 2023 to 2033 6.3.1. Titanium 6.3.2. Stainless Steel 6.4. Y-o-Y Growth Trend Analysis By Material, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Material, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2023 to 2033 7.3.1. Hospitals 7.3.2. Clinics 7.3.3. Ambulatory Surgical Centers 7.4. Y-o-Y Growth Trend Analysis By End Use, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By End Use, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Device Type 9.2.3. By Material 9.2.4. By End Use 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Device Type 9.3.3. By Material 9.3.4. By End Use 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Device Type 10.2.3. By Material 10.2.4. By End Use 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Device Type 10.3.3. By Material 10.3.4. By End Use 10.4. Key Takeaways 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. UK 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Device Type 11.2.3. By Material 11.2.4. By End Use 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Device Type 11.3.3. By Material 11.3.4. By End Use 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Device Type 12.2.3. By Material 12.2.4. By End Use 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Device Type 12.3.3. By Material 12.3.4. By End Use 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Device Type 13.2.3. By Material 13.2.4. By End Use 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Device Type 13.3.3. By Material 13.3.4. By End Use 13.4. Key Takeaways 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Device Type 14.2.3. By Material 14.2.4. By End Use 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Device Type 14.3.3. By Material 14.3.4. By End Use 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Device Type 15.2.3. By Material 15.2.4. By End Use 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Device Type 15.3.3. By Material 15.3.4. By End Use 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2022 16.1.2.1. By Device Type 16.1.2.2. By Material 16.1.2.3. By End Use 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2022 16.2.2.1. By Device Type 16.2.2.2. By Material 16.2.2.3. By End Use 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2022 16.3.2.1. By Device Type 16.3.2.2. By Material 16.3.2.3. By End Use 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2022 16.4.2.1. By Device Type 16.4.2.2. By Material 16.4.2.3. By End Use 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2022 16.5.2.1. By Device Type 16.5.2.2. By Material 16.5.2.3. By End Use 16.6. UK 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2022 16.6.2.1. By Device Type 16.6.2.2. By Material 16.6.2.3. By End Use 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2022 16.7.2.1. By Device Type 16.7.2.2. By Material 16.7.2.3. By End Use 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2022 16.8.2.1. By Device Type 16.8.2.2. By Material 16.8.2.3. By End Use 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2022 16.9.2.1. By Device Type 16.9.2.2. By Material 16.9.2.3. By End Use 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2022 16.10.2.1. By Device Type 16.10.2.2. By Material 16.10.2.3. By End Use 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2022 16.11.2.1. By Device Type 16.11.2.2. By Material 16.11.2.3. By End Use 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2022 16.12.2.1. By Device Type 16.12.2.2. By Material 16.12.2.3. By End Use 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2022 16.13.2.1. By Device Type 16.13.2.2. By Material 16.13.2.3. By End Use 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2022 16.14.2.1. By Device Type 16.14.2.2. By Material 16.14.2.3. By End Use 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2022 16.15.2.1. By Device Type 16.15.2.2. By Material 16.15.2.3. By End Use 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2022 16.16.2.1. By Device Type 16.16.2.2. By Material 16.16.2.3. By End Use 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2022 16.17.2.1. By Device Type 16.17.2.2. By Material 16.17.2.3. By End Use 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2022 16.18.2.1. By Device Type 16.18.2.2. By Material 16.18.2.3. By End Use 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2022 16.19.2.1. By Device Type 16.19.2.2. By Material 16.19.2.3. By End Use 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2022 16.20.2.1. By Device Type 16.20.2.2. By Material 16.20.2.3. By End Use 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2022 16.21.2.1. By Device Type 16.21.2.2. By Material 16.21.2.3. By End Use 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2022 16.22.2.1. By Device Type 16.22.2.2. By Material 16.22.2.3. By End Use 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2022 16.23.2.1. By Device Type 16.23.2.2. By Material 16.23.2.3. By End Use 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Device Type 17.3.3. By Material 17.3.4. By End Use 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. B. Braun Melsungen AG 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Zimmer, Inc. 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. Coligne AG 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. Yellowsteps SAS 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Medyssey Co. Ltd. 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. DePuy Synthes Company 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. Aesculap Implant Systems, LLC 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. Ulrich Medical 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. Medtronic Public Limited Company 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. Stryker 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
Explore Healthcare Insights
View Reports
Thoracolumbar Stabilization Devices Market
