The anticipated size of the global spinal osteosynthesis units market in 2022 was USD 2,934.4 million and is estimated to be worth USD 3,075.3 million in 2023.
The usage of spinal osteosynthesis units market is rising during spinal surgeries for correcting deformities that are mainly caused by injuries or diseases. According to Future Market Insights prediction, the global spinal osteosynthesis units market is projected to expand at a CAGR of 4.8% between 2023 and 2033, totaling around USD 4,927.2 million by 2033.
The global demand for spinal osteosynthesis units reached a total of around USD 2,800 million in 2021. Further, with the rapid surge in the number of spinal surgeries and the growing incidence of spinal conditions such as lumbar spondylosis, scoliosis, and fractures, the market is expected to surpass USD 3,900 million by 2032.
Spinal osteosynthesis units are devices or equipment such as thoracolumbar osteosynthesis units and lumbar spinal osteosynthesis units, used for the fixation of the spine as they are increasingly adopted during spinal surgeries for correcting spinal deformities caused by injuries or diseases.
The rapid surge in several spinal surgeries triggered by the increasing prevalence of spinal conditions such as fractures, degenerative disk disease, scoliosis, spine infection or tumor, and spondylolisthesis is proving a vital impetus to the growth of the spinal osteosynthesis units market growth.
Spinal diseases and injuries affect the spinal cord adversely, causing severe back pain or even serious spinal dysfunction. Moreover, people usually opt for spinal surgeries to relieve this pain as well as to fix the spinal dysfunction. This in turn is generating demand for devices like spinal osteosynthesis units.
| Attributes | Details |
|---|---|
| Projected Forecast Value (2022) | USD 2,934.4 million |
| Projected Forecast Value (2023) | USD 3,075.3 million |
| Projected Forecast Value (2033) | USD 4927.2 million |
| Growth rate | 4.8% CAGR |
| Forecast period | 2023 to 2033 |
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The global spinal osteosynthesis units market expand at a CAGR of 5.0% between 2018 and 2022. Growth forecasts remain optimistic, with the market predicted to exhibit a CAGR of 4.8% from 2023 to 2033.
Spinal osteosynthesis units are the equipment where the usage for spine fixation, like thoracolumbar osteosynthesis units, and lumbar spinal osteosynthesis units are mostly worked upon. Such markets are increasingly being used during spinal surgeries in the correction of deformities caused by injuries or diseases.
The rise in the popularity of minimally meddling spine procedures, rapid growth in the geriatric population, and the application of favorable reimbursement policies might thereby lead to a contribution to the growth of the spinal osteosynthesis units market during the forecast period.
Notable Surge in Spinal Diseases and Injuries with a Rise in Spinal Surgeries Performed
Significant expansion of the spinal osteosynthesis units market is attributable to a notable surge in spinal diseases and injuries, the increasing number of spinal surgeries performed, and innovations in spinal osteosynthesis units. Additionally, sales of spinal osteosynthesis units have risen at a steady pace due to their increasing usage during spinal surgical procedures and this trend is likely to continue over the forecast period over the years.
Spinal osteosynthesis units are used to treat various forms of back pain, spine injuries, and disorders related to the spine including scoliosis and kyphosis. They have become highly sought-after spinal implants/devices used during spinal surgical procedures.
The rising prevalence of spinal cord injuries is playing a key role in driving the growth of the spinal osteosynthesis units market. According to the World Health Organization (WHO), around 250000 to 500000 people suffer from spinal cord injury due to road crashes, diseases, falls, and violence. The majority of these injuries cannot be properly treated with medications and often require surgery indirectly boosting the growth of the spinal osteosynthesis units market.
The growing popularity of minimally invasive spine procedures, the significantly growing geriatric population, and the introduction of favorable reimbursement policies are estimated to further expand the spinal osteosynthesis units market size during the forecast period.
Leading manufacturers are collaborating with healthcare institutions for supplying spinal osteosynthesis units. They are increasingly investing in research and development to introduce novel innovative spinal osteosynthesis with efficient features.
High Cost of Spinal Surgeries with the Dearth of Orthopedics
Various factors are limiting the growth of the spinal osteosynthesis units market, despite a positive demand outlook. Some of these factors include the high cost of spinal surgeries, the dearth of orthopedists, and the absence of proper reimbursement policies across various regions.
Many people refrain from opting for complex spinal surgeries due to the risk of various complications. This might also negatively impact market growth during the forecast period.
The availability of Numerous Products at Lower Costs Leads to Rise in Spinal Injuries
According to Future Market Insights, Asia Pacific’s spinal osteosynthesis market is likely to expand at a significant CAGR during the forecast period. Additionally, demand for spinal osteosynthesis units in the market is driven by the rising number of spinal surgeries, the availability of numerous products at low costs, favorable government support, and the expansion of the healthcare industry. Japan holds a market share of 3.40%.
Asia Pacific is home to some of the world’s largest populated countries including China and India expanding at a CAGR of 5.80% and 6% respectively. These countries are witnessing huge demand for spinal osteosynthesis units due to an increase in spine procedures, a notably growing geriatric population, increasing healthcare spending, and a surge in spinal disorders.
Growth in the Popularisation of Minimally Invasive Procedures, with Strong Presence of Leading Spinal Osteosynthesis Units’ Manufacturers.
Analysts of FMI convey that North America is expected to hold a notable share of the global spinal osteosynthesis units market of 36.8%, owing to the factors such as:
Within North America, the United States of America accounts for the lion’s share of 32.40% due to the increasing popularity of robotic spinal surgery, the presence of leading medical device manufacturers and advanced technologies, and the availability of favorable reimbursement policies.
High Incidence of Road Accidents and Sports Injuries
The global epidemic of diseases like osteoporosis and osteomalacia in Europe has risen tentatively with the rise of road accidents and sports injuries, supporting the demand for spinal osteosynthesis devices worldwide. This region is holding a market share of 24.0% whereas Germany is said to hold a significant share of 5.10%.
A boost in the number of patients in the United Kingdom suffering from diseases that are directly related to an increase in the elderly population is said to expand at a CAGR of 4.30%.
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Posterior Surgical is Projected to have a Leading Position
Posterior surgical are typically used for building a supporting framework for the broken bone when interior fixation cannot be done as the primary form of therapy. The upward push in demand for posterior osteosynthesis devices is being maintained by the rise in popularity of minimally invasive surgery, which continues to engage new players, including overseas rivals with a market share of 41%.
Adults are Said to have Dominating Position in the Market
Adults are said to dominate the spinal osteosynthesis units market as generally such kind of diseases start arising mainly after the age of 40s till the time they survive, thus largely holding a market share of 84%. With more in number of ages arising, many adults tend to face such problems and mainly consult doctors thus, increasing its market share.
Some of the prominent players profiled in the global market are-
Recent Developments in the Spinal Osteosynthesis Units Market
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.8% from 2023 to 2033 |
| Market value in 2023 | USD 3,075.3 million |
| Market value in 2033 | USD 4,927.2 million |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | USD million for Value and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
By Product Type, By Surgical Approach, By Patient Type, By End-user, By Region |
| Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Poland, Russia, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC Countries, South Africa, Israel, Rest of the Middle East and Africa |
| Key Companies Profiled |
Medtronic; Zimmer Biomet; Stryker; Johnson & Johnson; RTI Surgical; B. Braun; NuVasive,; Orthofix; MicroPort; Globus Medical; Alphatec; Xtant Medical; Wego; Integra LifeSciences; Ulrich Medical |
| Customisation Scope | Available on Request |
The market was valued at USD 2,934.4 million in 2022.
The market is anticipated to be USD 3,075.3 million in 2023.
An increase in spine injuries and disorders are driving the market growth.
Posterior surgical may witness an upward graph with a market share of 41% in 2023.
The market in Japan is estimated to develop at a CAGR of 3.4% through 2033.
| Estimated Size (2023) | USD 9,945.5 million |
|---|---|
| Projected Size (2033) | USD 16,771.8 million |
| Forecasted CAGR (2023 to 2033) | 5.4% |
| Market Size, 2023 | USD 2,702.7 million |
|---|---|
| Market Size, 2033 | USD 5,441.4 million |
| Value CAGR (2023 to 2033) | 7.2% |
| Market Value (2022) | USD 13.1 billion |
|---|---|
| Market Forecast Value (2032) | USD 21.96 billion |
| Market Expected CAGR (2022 to 2032) | 5.3% |
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Spinal Osteosynthesis Units Market
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