Spinal Implants and Devices Market Size, Share, Growth Analysis, By Product Type(Spinal fusion devices, spinal biologics, vertebral compression fracture treatment devices, non-fusion devices), By Technology(Fixation technologies, vertebral compression fracture treatment, and motion preservation technologies), By Surgery type(Open surgery and MIS Gravel), By Procedure type(Discectomy, laminectomy, foraminotomy, corpectomy), By Region - Industry Forecast 2024-2031

Spinal Implants and Devices Market Drivers

Rise of Spinal Surgeries to Bolster Market Growth

• The increased prevalence of spine disorders worldwide has also led to a marked increase in the number of spinal procedures, which will raise demand for spinal devices. The need for spinal devices is thus increased as a result. Surgery on the spine is typically done to address degenerative disc disease and fix birth defects. Moreover, the market is anticipated to rise throughout the forecast period due to the rising number of spinal fracture patients. The market is expected to be further stimulated during the forecast period by factors such as the gradual shift and rising demand for minimally invasive spinal surgeries, the quick adoption of biologics in spinal fusion, and a significant increase in the number of cervical and lumbar disc replacement surgeries.

• Releases of Novel Products to Promote the Use of Spinal Devices Innovative orthopaedic implants and devices have been introduced as a result of technological improvements in the spinal devices market, providing patients with spinal illnesses with improved care. The market for orthopaedic spine devices is predicted to rise as a result of the leading manufacturers' increased emphasis on offering minimally invasive treatments and personalised implants. Moreover, breakthrough technologies and solutions for spinal operations have been made possible thanks to strategic partnerships between different manufacturers, which are expected to drive the spinal devices market during the forecast period.

Spinal Implants and Devices Market Restraints

Lack of Skilled Physicians to Hinder Market Growth

• The market for spinal implants and surgical devices is expected to grow slowly over the target period due to the rising cost of treatment methods. In the near future, the market for spinal implants and surgical equipment may face additional challenges due to the insufficient number of doctors and the lack of knowledge and education.