The global spinal surgery instruments market witnessed a growth of 3.3% in 2022 as compared to the previous year, resulting in a market size of USD 8.6 billion. The shift towards value-based care is a key driver behind the increasing adoption of digital tools. These tools are utilized to enhance reporting capabilities, provide decision support, generate evidence, and facilitate information exchange. It is anticipated that the global spinal surgery instruments market will witness a CAGR of 3.5% (in sales value terms) during the forecast period, leading to a projected value of USD 10.6 billion by the year 2028.
The spinal fusion devices emerged as the top performer in 2022, recording a remarkable revenue growth of ***% from the previous year and attaining a revenue of USD ***million. The spinal fusion devices market is mainly comprised of thoracolumbar fixation devices, interbody devices, and cervical fusion devices. thoracolumbar fixation devices is responsible for the larger portion of the spinal surgery instruments market, accounting for approximately ***% of the global spinal surgery instruments market in 2022.
The spinal surgery instruments market can be divided into non-hospitals and hospitals. The hospitals segment generated USD *** million in revenue in 2022. It is projected to reach USD *** million by 2028, representing a compound annual growth rate of ***% over the forecast period of 2023 to 2028. The growing preference for performing spinal surgery in non-hospitals (e.g. ambulatory surgery centers) can be attributed to several factors. These include the reduction in manual intervention points, lower rates of readmission and infection, and the availability of favorable reimbursement options.
North America continues to hold the dominant position as a major shareholder in the healthcare sector. This is primarily attributed to its focus on promoting the interoperability of various digital health solutions and the provision of favorable reimbursement policies for outpatient facilities and ambulatory surgery centers. The global spinal surgery instruments market has witnessed substantial growth in terms of revenue, driven primarily by North America. In 2022, the market was valued at USD *** million, and it is projected to reach USD ***million by the year 2028, representing a remarkable compound annual growth rate (CAGR) of ***% during the forecast period.
The advancements in MIS have led to increased safety for patients, as it reduces trauma and minimizes the time spent in the operating room. This has resulted in a shift towards more personalized surgeries and customizable implants, which in turn have expanded the range of solutions available and diversified the patient population. ZimVie, Inc. has estimated that the global spine surgery market achieved sales of approximately $12 billion in 2022. The company holds the belief that within the field of spine surgery, minimally invasive surgery (MIS) and motion preservation solutions are the categories with the greatest potential for growth.
Prominent vendors shaping competitive dynamics include Medtronic plc, Johnson & Johnson (DePuy Synthes, Inc.), Stryker Corporation, Globus Medical, Inc., ZimVie, Inc., Aurora Spine Corporation, B Braun Melsungen AG, Centinel Spine®, LLC, ChoiceSpine, LLC, CoreLink Holdings, LLC, Disc Motion Technologies, Life Spine, Inc., Meliora Medical BV, Neos Surgery, S.L., NEXUS TDR, Orthofix Medical, Inc., Orthonex, LLC, Paradigm Spine, LLC, Precision Spine, Inc., Premia Spine, Ltd., RTI Surgical, Inc., SeaSpine Holdings Corporation, Spine Wave, Inc., SpineArt SA, Vallum Corporation, Wenzel Spine, Inc., among other players. In terms of market share, Medtronic plc maintains its leadership position with a retail value share of ***%.
Key Questions Answered
What is the projected global market size of spinal surgery instruments by 2028?
Which product type segment achieves the highest performance in the spinal surgery instruments market?
Within the market, which end user segment has secured the leading position?
Among the various region segments, which segment has taken the leading position?
Who are the key players with the largest market share in the spinal surgery instruments market?
What is the estimated global market size for the spinal surgery instruments market in 2023?
What are the main factors driving the growth of the spinal surgery instruments market?
What is the expected incremental growth of the spinal surgery instruments market during the forecast period?
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 4
Part 1. Key Findings 9
Part 2. Scope and Methodology 10
Report Scope 11
Product Type 11
End-User 11
Region 11
Research Methodology 13
Part 3. Spinal Surgery Instruments Market Overview 15
Summary 15
Instruction 17
The Insights 18
Part 4. Market Dynamics 19
Growth Drivers 19
Restraints and Challenges 20
Market Trends 21
Part 5. Global Spinal Surgery Instruments Market by Product Type 24
Global Spinal Non-fusion Devices Market by Product Type 29
Global Spinal Fusion Devices Market by Product Type 33
Part 6. Global Spinal Surgery Instruments Market by End-User 38
Part 7. Global Spinal Surgery Instruments Market by Region 43
Part 8. North America Spinal Surgery Instruments Market 48
North America Spinal Surgery Instruments Market by Product Type 48
North America Spinal Surgery Instruments Market by End-User 52
Part 9. Europe Spinal Surgery Instruments Market 56
Europe Spinal Surgery Instruments Market by Product Type 56
Europe Spinal Surgery Instruments Market by End-User 61
Part 10. Asia-Pacific Spinal Surgery Instruments Market 65
Asia-Pacific Spinal Surgery Instruments Market by Product Type 65
Asia-Pacific Spinal Surgery Instruments Market by End-User 70
Part 11. Latin America Spinal Surgery Instruments Market 75
Latin America Spinal Surgery Instruments Market by Product Type 75
Latin America Spinal Surgery Instruments Market by End-User 79
Part 12. Rest of World Spinal Surgery Instruments Market 83
Rest of World Spinal Surgery Instruments Market by Product Type 83
Rest of World Spinal Surgery Instruments Market by End-User 88
Part 13. Competitive Analysis 93
Competition Overview 93
Competition Analysis 95
Recent Developments 97
Medtronic plc 99
Business Overview 99
Contact Information 102
Johnson & Johnson (DePuy Synthes, Inc.) 103
Business Overview 103
Contact Information 106
Stryker Corporation 107
Business Overview 107
Contact Information 109
Globus Medical, Inc. 110
Business Overview 110
Contact Information 112
ZimVie, Inc. 113
Business Overview 113
Spine Products 113
Contact Information 116
Part 14. The Analysis and Outlook 117
The Analysis 117
The Outlook 119
Disclaimer 121
FIGURES AND TABLES
Global Spinal Surgery Instruments Market, Volume and Value, 2018-2028 (Thousand Units) (USD Million)
Global Spinal Surgery Instruments Market, Net Growth, 2020-2028 (Thousand Units) (USD Million)
Global Spinal Surgery Instruments Market by Product Type, 2020-2028 (USD Million)
Global Spinal Surgery Instruments Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
Global Spinal Surgery Instruments Market by Product Type, 2020-2028 (Thousand Units)
Global Spinal Surgery Instruments Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
Global Spinal Non-fusion Devices Market by Product Type, 2020-2028 (USD Million)
Global Spinal Non-fusion Devices Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
Global Spinal Non-fusion Devices Market by Product Type, 2020-2028 (Thousand Units)
Global Spinal Non-fusion Devices Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
Global Spinal Fusion Devices Market by Product Type, 2020-2028 (USD Million)
Global Spinal Fusion Devices Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
Global Spinal Fusion Devices Market by Product Type, 2020-2028 (Thousand Units)
Global Spinal Fusion Devices Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
Global Spinal Surgery Instruments Market by End-User, 2020-2028 (USD Million)
Global Spinal Surgery Instruments Market (Value) by End-User, CAGR Historic and Forecast, 2020-2028
Global Spinal Surgery Instruments Market by End-User, 2020-2028 (Thousand Units)
Global Spinal Surgery Instruments Market (Volume) by End-User, CAGR Historic and Forecast, 2020-2028
Global Spinal Surgery Instruments Market (Value) Share by Region, 2022
Global Spinal Surgery Instruments Market by Region, 2020-2028 (USD Million)
Global Spinal Surgery Instruments Market (Value) by Region, CAGR Historic and Forecast, 2020-2028
Global Spinal Surgery Instruments Market by Region, 2020-2028 (Thousand Units)
Global Spinal Surgery Instruments Market (Volume) by Region, CAGR Historic and Forecast, 2020-2028
North America Spinal Surgery Instruments Market by Product Type, 2020-2028 (USD Million)
North America Spinal Surgery Instruments Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
North America Spinal Surgery Instruments Market by Product Type, 2020-2028 (Thousand Units)
North America Spinal Surgery Instruments Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
North America Spinal Surgery Instruments Market by End-User, 2020-2028 (USD Million)
North America Spinal Surgery Instruments Market (Value) by End-User, CAGR Historic and Forecast, 2020-2028
North America Spinal Surgery Instruments Market by End-User, 2020-2028 (Thousand Units)
North America Spinal Surgery Instruments Market (Volume) by End-User, CAGR Historic and Forecast, 2020-2028
Europe Spinal Surgery Instruments Market by Product Type, 2020-2028 (USD Million)
Europe Spinal Surgery Instruments Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
Europe Spinal Surgery Instruments Market by Product Type, 2020-2028 (Thousand Units)
Europe Spinal Surgery Instruments Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
Europe Spinal Surgery Instruments Market by End-User, 2020-2028 (USD Million)
Europe Spinal Surgery Instruments Market (Value) by End-User, CAGR Historic and Forecast, 2020-2028
Europe Spinal Surgery Instruments Market by End-User, 2020-2028 (Thousand Units)
Europe Spinal Surgery Instruments Market (Volume) by End-User, CAGR Historic and Forecast, 2020-2028
Asia-Pacific Spinal Surgery Instruments Market by Product Type, 2020-2028 (USD Million)
Asia-Pacific Spinal Surgery Instruments Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
Asia-Pacific Spinal Surgery Instruments Market by Product Type, 2020-2028 (Thousand Units)
Asia-Pacific Spinal Surgery Instruments Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
Asia-Pacific Spinal Surgery Instruments Market by End-User, 2020-2028 (USD Million)
Asia-Pacific Spinal Surgery Instruments Market (Value) by End-User, CAGR Historic and Forecast, 2020-2028
Asia-Pacific Spinal Surgery Instruments Market by End-User, 2020-2028 (Thousand Units)
Asia-Pacific Spinal Surgery Instruments Market (Volume) by End-User, CAGR Historic and Forecast, 2020-2028
Latin America Spinal Surgery Instruments Market by Product Type, 2020-2028 (USD Million)
Latin America Spinal Surgery Instruments Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
Latin America Spinal Surgery Instruments Market by Product Type, 2020-2028 (Thousand Units)
Latin America Spinal Surgery Instruments Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
Latin America Spinal Surgery Instruments Market by End-User, 2020-2028 (USD Million)
Latin America Spinal Surgery Instruments Market (Value) by End-User, CAGR Historic and Forecast, 2020-2028
Latin America Spinal Surgery Instruments Market by End-User, 2020-2028 (Thousand Units)
Latin America Spinal Surgery Instruments Market (Volume) by End-User, CAGR Historic and Forecast, 2020-2028
Rest of World Spinal Surgery Instruments Market by Product Type, 2020-2028 (USD Million)
Rest of World Spinal Surgery Instruments Market (Value) by Product Type, CAGR Historic and Forecast, 2020-2028
Rest of World Spinal Surgery Instruments Market by Product Type, 2020-2028 (Thousand Units)
Rest of World Spinal Surgery Instruments Market (Volume) by Product Type, CAGR Historic and Forecast, 2020-2028
Rest of World Spinal Surgery Instruments Market by End-User, 2020-2028 (USD Million)
Rest of World Spinal Surgery Instruments Market (Value) by End-User, CAGR Historic and Forecast, 2020-2028
Rest of World Spinal Surgery Instruments Market by End-User, 2020-2028 (Thousand Units)
Rest of World Spinal Surgery Instruments Market (Volume) by End-User, CAGR Historic and Forecast, 2020-2028
Global Spinal Surgery Instruments Key Participants
Global Spinal Surgery Instruments Market Share by Company, 2022
Medtronic plc Net Sales and Cranial & Spinal Technologies Segment Sales (USD Million)
Medtronic plc Revenue, by Segment, 2023
Medtronic plc Revenue, by Type, 2023
Medtronic plc Revenue, by Region, 2023
Johnson & Johnson Financial Overview (USD Million)
Johnson & Johnson Spine, Sports & Other Revenue (USD Million)
Johnson & Johnson Spine, Sports & Other Revenue, by Region 2022
Johnson & Johnson Revenue, by Segment, 2022
Johnson & Johnson Revenue, by Region, 2022
Stryker Corporation Financial Overview (USD Million)
Stryker Corporation Revenue, by Segment, 2022
Stryker Corporation Revenue, by Type, 2022
Stryker Corporation Revenue, by Region, 2022
Globus Medical, Inc. Financial Overview (USD Million)
Globus Medical, Inc. Revenue, by Segment, 2022
Globus Medical, Inc. Revenue, by Region, 2022
ZimVie, Inc. Three Primary Product Categories of Spine
ZimVie, Inc. Spine Segment Revenue (USD Million)
ZimVie, Inc. Financial Overview (USD Million)
ZimVie, Inc. Revenue, by Segment, 2022
ZimVie, Inc. Revenue, by Region, 2022
Companies Mentioned
A selection of companies mentioned in this report includes:
Aurora Spine Corporation
B Braun Melsungen AG
Centinel Spine®, LLC
ChoiceSpine, LLC
CoreLink Holdings, LLC
Disc Motion Technologies
Globus Medical, Inc.
Johnson & Johnson (DePuy Synthes, Inc.)
Life Spine, Inc.
Medtronic plc
Meliora Medical BV
Neos Surgery, S.L.
NEXUS TDR
Orthofix Medical, Inc.
Orthonex, LLC
Paradigm Spine, LLC
Precision Spine, Inc.
Premia Spine, Ltd.
RTI Surgical, Inc.
SeaSpine Holdings Corporation
Spine Wave, Inc.
SpineArt SA
Stryker Corporation
Vallum Corporation
Wenzel Spine, Inc.
ZimVie, Inc.