Global Spine Fixation Market Opportunities and Forecast 2023-2030

Spine Fixation Market Overview

The global Spine Fixation market is expected to grow at a moderate rate during the forecast period. The surge in incidences of spinal disorders is boosting the growth of the global spine fixation market. Increasing adoption of minimally invasive spine surgeries leads to expand the growth of the market.

Moreover, governments in many countries are supporting and taking initiatives for the adoption of advanced spine fixation products in the healthcare sector is the important factor expected to boost the growth of the Spine Fixation market in near future. In addition to this, growing health care expenditure is further driving the expansion of this market globally.

On the other hand, a lack of awareness among patients and the high cost of spine fixation devices along with the challenges associated with the handling and use of spine fixation devices is likely to hamper the global Spine Fixation market during the forecast period.

Covid-19 Impact on Spine Fixation Market:

In addition, the current Spine Fixation Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Spine Fixation Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.

The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.

Spine Fixation Market Segment Overview

According to Product, the market is segmented into Cervical Fixation Devices, Thoracolumbar Devices, Interbody Fusion Devices, and Biologics. Among these Cervical Fixation Devices holds the largest share of the market mainly because of the growing incidences of accidents and rise in the number of sports injuries contri.

Based on surgery, the market is divided into Minimally Invasive Spine Surgery, and Open Spine Surgery. In addition, the Minimally Invasive Spine Surgery segment is expected to grow at the highest rate in the coming years. This owes to the quicker recoveries and lesser incisions to the body as possible is boosting the demand for Spine Fixation globally. Furthermore, the surge in demand for procedures which has lesser hospital stays is expected to help the industry gain traction for the segment during the forecast period.

Market Analysis, Insights and Forecast – By Product

·       Cervical Fixation Devices
·       Thoracolumbar Devices
·       Interbody Fusion Devices
·       Biologics

Market Analysis, Insights and Forecast – By Surgery

·       Minimally Invasive Spine Surgery
·       Open Spine Surgery

Market Analysis, Insights, and Forecast – By End-user

·       Specialty Clinics
·       Hospitals & Ambulatory Surgery Centers
·       Others

 Spine Fixation Market Regional Overview

Region-wise, North America dominated the global Spine Fixation market and is expected to continue its dominance during the forecast period. Factors such as the rising number of sports injuries causing severe disabilities in spinal chord and higher health care expenditure propels the growth of the market in North America. Similarly, Asia Pacific is also expected to account for the fastest growth in the global market owing to well-established health care infrastructure. Factors such as development in the health care infrastructure, surge in awareness about health, surge in investment in medical supplies and growing adoption of biologics and other fixation devices are expected to escalate the growth of the Spine Fixation market in the Asia Pacific region.

 Spine Fixation Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)

 Spine Fixation Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Spine Fixation are highlighted below.

·       In June 2021, SeaSpine Holdings Corporation, a global medical technology company focused on surgical solutions for the treatment of spinal disorders, announced the limited commercial launch of its 3D-printed WaveForm L (Lateral) Interbody System. 

 Spine Fixation Market, Key Players

·       Medtronic
·       Stryker
·       Zimmer Biomet
·       DepuySynthes (Johnson & Johnson Services, Inc.)
·       NuVasive, Inc.
·       RTI Surgical Holdings, Inc.
·       Aesculap, Inc. (B. Braun Melsugen AG)
·       Alphatec Spine, Inc.