Spinal Implants and Surgical Devices Market by Product, Technology, and Type of Surgery – Global Industry Analysis and Forecast to 2025

Spinal Implants and Surgical Devices Market Overview:

Spinal stenosis is a spine disorder in which the spinal canal narrows down. The most common cause of spinal stenosis is overgrowth of bone or other tissue. The symptoms of spinal stenosis are pain and weakness in neck, arms, legs, and buttocks. There are two types of stenosis, namely, lumbar spinal stenosis and cervical spinal stenosis. In lumbar spinal stenosis, the spinal nerve roots in the lower back become compressed leading to numbness in lower back, legs, and buttocks. In cervical spinal stenosis, the spinal canal in the neck narrows down. In addition to spinal stenosis, spinal implants are also used in degenerative disc disease. Degenerative disc disease is a condition in which damaged vertebral disc cause chronic pain. Degenerative disc disease occurs in the neck and discs in the lower back. The causes of degenerative disc disease are age, loss of fluid in the discs, the outer layer of the disc getting tiny tears or cracks and unexpected injury. Symptoms of degenerative disc disease are pain while sitting, bending, and twisting. Some other symptoms include tingling or numbness sensation in the extremities, pain in lower back, thighs, neck and buttocks. Spinal implants are also used In Spondylolisthesis. It is a condition in which vertebra’s forward slip occurs in lumbar region. The causes of spondylolisthesis are trauma, defective vertebra, infection, and stress fracture.

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Spinal implants are the devices which are used in spinal disorders to reduce pain, stabilize the spine, and to correct deformities. Spinal implants are made from materials such as alloy, titanium, stainless steel and plastics. Spinal implants are alternatives to spinal surgery techniques. Most of the spinal implants maintain spine flexibility and function. Spinal implants are available in different styles and are used to treat various painful conditions related to the back. They are designed in a way to meet many goals. Spinal implants stabilize and help fusions to bond strong and last long. There are spinal implants which replace a damaged organic disc structure. Other spinal implants help in keeping the spinal cord aligned. Spinal fusion devices such as plates, cages, rods, hooks and screws are generally used with bone grafts. Moreover, non-fusion devices such as artificial disc and growth-sparing devices are available. Spinal implants are also used in minimally invasive surgery. In minimally invasive surgery, there is less pain, less blood loss and less surgical incisions. This surgery’s goal is to reduce the post-operative pain.

The increase in number of spinal injuries is the major driving factor for the growth of spinal implants and surgical devices market. According to WHO, worldwide, every year, 250,000 to 500,000 people suffer a spinal cord injury. Most of the spinal cord injuries occur due to falls, violence and vehicular accidents which can be prevented. Vehicular accident is the major cause for spinal injuries. Furthermore, increase in prevalence of obesity is also an n important market driving factor. Obesity can increase the chances of degenerative disc diseases. According to WHO, in 2014, more than 1.9 billion adults were overweight. Out of these, over 600 million were obese. It also states that 41 million children under the age of 5 were overweight or obese. Furthermore, increase in number of people with sedentary lifestyles, bad posture habits during working and driving also contribute to the growth of this market. Moreover, rise in the geriatric population who are prone to spinal disorders will drive this market. As the cost of spinal implants is high, it becomes difficult for the people to afford it. Moreover, the surgical procedures are also costly which can impede the growth of the market. However, unstable reimbursement policies will also hamper the growth of spinal implants and surgical devices market.

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The major players in the spinal implants and surgical devices market are using product launch as their key strategy to gain market share. For instance, in March 2017, NuVasive received first-ever FDA clearance for CoRoent Small Interbody which is a cervical Interbody system. This system is indicated in treatment of cervical disc generation up to four contiguous levels. With the launch of CoRoent Small Interbody system, NuVasive will gain market share.

They major players in the spinal implants and surgical devices market include Exactech, Inc., Medtronic, Zimmer Biomet Holdings, Inc., Stryker Corporation, Integra LifeSciences Corporation, Amedica Corporation, DePuy Synthes Companies, Globus Medical Inc., NuVasive, Inc., Orthofix SRL, and Alphatec Spine, Inc.

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