Key Trends and Insights into the Spinal Surgery Devices And Equipment Market: Growth Rate and Opportunities to 2034
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How has the spinal surgery devices and equipment market grown in recent years?
There has been consistent growth in the size of the spinal surgery devices and equipment market in the recent past. The market, which will escalate from $14.06 billion in 2024 to $14.54 billion in 2025, is anticipated to encounter a compound annual growth rate (CAGR) of 3.4%. The past growth can be linked to a surge in spinal disorders, an increased obesity rate, a rising demand for spine surgeries in budding markets, escalating cases of osteoarthritis and spinal stenosis in the populace, a surge in the senior citizen population, the introduction of innovative bone grafting products, and a growing preference for minimally invasive spine surgeries.
How is the spinal surgery devices and equipment market size expected to evolve during the forecast period?
In the coming years, the optical transport network market is predicted to experience swift expansion. It’s forecasted to reach a size of $43.24 billion in 2029, growing at a compound annual growth rate (CAGR) of 13.0%. This growth can be deferred to the augmented demand for bandwidth, the deployment of 5G networks, the rise of edge computing, the expansion of the Internet of Things (IoT), and the increase in network virtualization and SDN/NFV. The primary trends during the forecast period will be the evolution of optical technologies, demand for interconnectivity, automation and orchestration, network convergence, and improved security protocols.
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Which key drivers are propelling the spinal surgery devices and equipment market’s growth?
The surge in the spinal surgery devices and equipment market is largely attributed to the elderly population who tend to suffer from spinal issues more frequently. Spinal deformities and pain are common among the older demographic, contributing significantly to the demand for these devices. According to projections by the United Nations, the global old-age population is expected to double by 2050, topping 2.1 billion. This is anticipated to fuel market growth in the coming years. The continual rise in the worldwide aging populace will serve as a profitable expansion avenue for the spinal implants and devices sector.
What are the market segments in the spinal surgery devices and equipment industry?
The spinal surgery devices and equipment market covered in this report is segmented –
1) By Product Type: Non-Fusion Devices, Fusion Devices, Equipment
2) By End User: Hospitals, Ambulatory Surgical Centers, Specialty Orthopedic And Spine Centers
3) By Type Of Surgery: Open Surgery And Minimally Invasive Surgery (MIS)
Subsegments:
1) By Non-Fusion Devices: Dynamic Stabilization Devices, Interspinous Spacers, Artificial Discs
2) By Fusion Devices: Spinal Fusion Cages, Bone Grafts And Substitutes, Pedicle Screws And Rods
3) By Equipment: Surgical Instruments, Imaging Equipment, Navigation Systems For Spinal Surgery
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Which leading companies are shaping the growth of the spinal surgery devices and equipment market?
Major companies operating in the spinal surgery devices and equipment market include Medtronic plc, Johnson & Johnson, Stryker Corporation, NuVasive, Inc., Zimmer Biomet Holdings, Inc., Globus Medical, Inc., Orthofix Medical Inc., SeaSpine Holdings Corporation, RTI Surgical, B. Braun Melsungen AG, Changzhou Meditech Trading Co. Ltd, Shuzhou Sunan Zimmered Medical Instrument Co. LTD, Narang Medical Limited, Atlas Surgical, Auxein Medical, Teijin Nakashima Medical Co, Seikagaku Corporation, Anatomics, New Zealand Spine (NZOA), Amedica Corporation, BIO.MORPH, Evispine, POZVONOQ, SpineGuard, Alphatec Holdings Inc., Integra Life Sciences, Benvenue Medical, Neoortho, DePuy Snythes, GMReis, OSTEOMED Implantes, Shaarani Group, Babil Medical Equipment, PRODORTH-RD MEDIKAL, Mikron Makina, Osimplant, Tria Spine, Norm Medical, Southern Medical (Pty) Ltd, SASpine, EliteSurgical, TiTaMED, iSpine, GE Healthcare
What key trends are currently impacting the spinal surgery devices and equipment market’s development?
The use of nanotechnology to enhance the efficiency, accuracy, and speed of operations is the newest trend in the spinal surgery devices market. The unique chemical, biological and physical characteristics of nanoparticles allow them to carry out a broad range of cellular and subcellular functions. Nanotechnology is keenly studied within the realm of spinal pathology. Hospitals and clinics are awaiting FDA guidelines and seeking ways to cut down expenses before fully embracing nanotechnology. Vallum Corporation, a company that produces medical devices, recently announced that its polyetheretherketone (PEEK) spinal fusion device, which features a nano-textured surface, received approval from the American Food and Drug Administration (FDA).
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Which geographic areas are influencing the growth of the spinal surgery devices and equipment market?
North America was the largest region in global spinal surgery devices and equipment market in 2024. Western Europe was the second-largest region in global spinal surgery devices and equipment market. The regions covered in the spinal surgery devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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