Global Spine Surgery Devices Market is projected to grow at a decent CAGR of ~5 % by 2027 : Growing Spinal Deformities & Degenerative Disorders

Spinal surgery devices are used to restore the mechanical stability of the spine, correct and improve the spinal alignment and enhance spinal fusion caused by trauma or slipped discs originating from degenerative intervertebral disks.

Slowdown in the Demand for Spine Surgery Devices Points to An Upcoming Recession

Due to the upcoming recession, medical patients are set to postpone the elective surgical procedures including the spinal fusion surgeries until the future of the global economies looks promising. Considering the present, economic and financial conditions, patients are expected to no longer willing to incur the costs of these private surgeries or discretionary procedures and may choose to avoid such procedures. Another factor that will be limiting the applications of these devices is the limited spending by hospitals amongst an economic slowdown and an upcoming recession risk.

Advancements in Spine Surgery Procedures Triggers the Demand of the Spine Surgery Devices Market

For many medical patients experiencing pain in their spine or discomfort from a spinal condition, spine surgery can be an excellent solution to relieve their pain and return to their everyday activities. Presently, four common types of medical procedures represent about 90% of all spine surgeries. The ongoing investments in minimally invasive surgery and robotic-assisted surgery technology is transforming the spine surgery segment.

Increasing Cases of Spinal Disorders Are Driving the Adoption of Spine Surgery Devices Market

Critical spinal problems such as scoliosis, kypho scoliosis (spinal deformity), cervical stenosis, craniovertebral junctional anomalies, and spinal cord tumour are the most common medical disorders affecting the cervical spine. Although, low back pain and neck pain are considered the most common spinal disorders. The recent innovations and developments in the spine surgery devices for treating spinal disorders increase their accuracy, reduce the medical complications and deliver consistent results.

For instance,

• In October 2022, Centinel Spine, LLC announced the continued expansion of the availability of the prodisc Cervical Total Disc Replacement (TDR) portfolio which allows the disc to be matched to patient anatomy

Upcoming Market Challenges: Spine Surgery Devices Market

The high costs of spinal treatment procedures and the risk and complications associated with the spinal surgery such as paralysis or a spinal infection during the surgery is likely to affect the growth of the spine surgery devices market in the upcoming years.

Geographic Analysis: North America is Set to Hold a Larger Share in the Spine Surgery Devices Market

From a geographical perspective, North America holds a larger market share of the spine surgery devices market. This can be mainly attributed to the an increasing cases of spinal disorders, growing number of spinal injuries in athletes, innovations in spine surgery technologies and high demand for minimally invasive procedures.

Competitive Landscape Analysis: Spine Surgery Devices Market

Some of the leading and promising players operating in the global spine surgery devices market are 美敦力 , DePuy Synthes , NuVasive , Globus Medical , Stryker among others

Growth Strategies Adopted by the Leading Players to Establish Their Foothold in the Spine Surgery Devices Market

All the key players operating in the global spine surgery devices market are adopting both the organic and inorganic growth strategies such as collaborations, acquisitions, innovations and new product launches to garner a larger market share.

For instance,

• In October 2022, DePuy Synthes, announced they have received 510(k) clearance from the FDA for its ALTALYNE? Ultra Alignment System for adolescent spinal deformities, such as scoliosis.
• In September 2022, NuVasive, Inc. announced the commercial launch of its Reline Cervical, a new fixation system for posterior cervical fusion (PCF), in targeted regions.

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