According to research report The report "Spinal Implants Market by Technology (Fusion, Spine Biologics, VCF, Decompression, Motion Preservation), Product (Thoracic, Cervical, Interbody, Spine Biologics, Non-Fusion, Stimulators), Type (Open, MIS) - Global Forecast to 2025" The global spinal implants market size is projected to reach USD 13.8 billion by 2025 from USD 10.3 billion in 2019, at a CAGR of 5.0%

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The advancements in spine surgeries technologies, such as the development of safer, more effective, advanced, simple, and easy-to-use spinal implants and devices; the launch of advanced bone grafting products and the increasing incidence of spinal disorders are some of the key factors driving the growth of the spinal implants and surgery devices market.

The thoracic fusion and lumbar fusion devices segment accounted for the largest share of the spinal implants market in 2019.

Based on product segment, the spinal implants market is segmented into thoracic fusion and lumbar fusion devices, cervical fusion devices, spine biologics, non-fusion devices, vertebral compression fracture treatment devices, spine bone stimulators and spinal decompression devices. The thoracic fusion and lumbar fusion devices segment accounted for the largest share of the spinal implants and surgery devices market in 2019. The large share of this segment can be attributed to the increasing incidence of lumbar degenerative disc disease and the growing number of product launches.

The spinal fusion and fixation technologies segment accounted for the largest share of the spinal surgery devices market in 2019.

By technology, the spinal devices market is segmented into spinal fusion and fixation, motion preservation/non-fusion, vertebral compression fracture treatment and spinal decompression technologies. The spinal fusion and fixation technologies segment accounted for the largest share of the spinal implants and surgery devices market in 2019. The large share of this segment can be attributed to the rising incidence of target diseases with the growing geriatric population across the globe, a growing number of spinal fusion procedures, and technological advancements in spinal fusion techniques and bone grafting procedures.

The open surgeries segment accounted for the largest share of the spinal implant market in 2019.

By type of surgery, the spine surgery devices market is segmented into open and minimally invasive surgeries. The open surgeries segment accounted for the largest share of the spinal implants and surgery devices market in 2019. The large share of this segment can be attributed to the increasing preference for open spine surgeries among medical professionals, technological advancements in spinal fusion surgeries and rising incidence of spinal deformities. In addition, some spine procedures, such as spinal implant insertions, can only be done through open surgeries, which is another major factor supporting market growth.

North America dominates the spinal implants devices market.

The spinal implants and surgery devices market is segmented into five regional segments, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The large share of the North American market can be attributed to its highly developed healthcare infrastructure and reimbursement systems and high patient awareness and physician education.

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The major players operating in the spinal implants market are Medtronic (Ireland), DePuy Synthes (US), Stryker Corporation (US), NuVasive, Inc. (US), B. Braun Melsungen AG (Germany), Zimmer Biomet Holdings, Inc. (US), Orthofix International N.V. (US), Globus Medical, Inc. (US), Abbott Laboratories (US), RTI Surgical, Inc. (US), Boston Scientific (US), ulrich GmbH & Co. KG (Germany), SeaSpine Holdings Corporation (US), Spineart (Switzerland), Kuros Biosciences AG (Switzerland), Bioventus, LLC (US), Colfax Corporation (US), Meditech Spine, LLC (US), and Implanet (France).

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