The worldwide spinal fusion market is predicted to be influenced by novel spinal fusion that are rapidly approved and introduced to the market. For example, Stryker’s spine division introduced the Serrato predicle screw in 2017, a novel dual-lead screw designed to use in the non-cervical spine. For illustration, in May, 2022, India-based Accelus Robotics Private Limited, a medical technology company committed to expanding the adoption of minimally invasive surgery (MIS) as the gold standard of care in spine, launched the first surgeries utilising its TiHwak7 inflatable interbody cage. The newest spinal fusion cage from Accelus, the TiHwak7, has titanium at the bone interference and an ultra-low profile.
The global Spinal Fusion Devices Market is estimated to be valued at US$ 9.175.04 million in 2022 and is expected to exhibit a CAGR of 4.6% during the forecast period (2022-2030).
Leading Companies in the Spinal Fusion Devices Industry:
1. Zimmer Biomet Holdings, Inc.
Zimmer Biomet is a global medical technology leader with a comprehensive portfolio designed to maximize mobility and improve health. It headquarters in Warsaw, Indiana and operated in 25 plus countries. Zimmer Biomet in November 2022 announced that U.S. Food and drug Administration (FDA) has given clearance for the Persona OsseoTi Keel Tibia for cementless knee replacement.
2. Stryker Corporation, Inc.
Dr. Stryker started a company in 1941 and is one of the world’s leading medical technology companies and, together with its customers, is driven to make healthcare better. Stryker is operational in 75 plus countries. Stryker in December, 2022 announced the launch of Citrefix™, a suture anchor system for foot and ankle surgical procedures. The new system uses Citregen™, an award-winning bioresorbable material designed to mimic the chemistry and structure of native bone.
3. Exactech, Inc.
Founded in 1985
In November, 2022 Exactech, Inc. smart technologies for joint replacement surgery, announced the 510(k) clearance from the U.S. Food and Drug Administration to market the TriVerse™ primary knee system.
4. Orthofix International N.V.
Orthofix Medical Inc. was founded in 1980 and is headquartered in Lewisville, Texas. Orthofix Medical Inc. operates as a medical device and biologics company. Operates in more than 60 countries. Orthofix Medical Inc. a global medical device company with a spine and orthopedics focus, in August, 2022 announced a strategic partnership agreement with CGBio, a developer of innovative, synthetic bone grafts currently used clinically in Asia for spine, orthopedic, trauma and dental applications.
5. Globus Medical, Inc.
Globus Medical, Inc., a medical device company, develops and commercializes healthcare solutions. Globus Medical, Inc. was incorporated in 2003 and is headquartered in Audubon, Pennsylvania. Globus Medical, Inc. (NYSE: GMED), a leading musculoskeletal solutions company, announced today the first surgeries performed with the Excelsius3D™, an intelligent, intraoperative 3-in-1 imaging platform, the latest addition to Globus Medical’s Excelsius™ Ecosystem. May 2022.
6. NuVasive, Inc.
NuVasive, Inc. was incorporated in 1997 and is headquartered in San Diego, California. NuVasive, Inc., a medical technology company, develops, manufactures, and sells procedural solutions for spine surgery. NuVasive, Inc. (NASDAQ: NUVA), the leader in spine technology innovation, focused on transforming spine surgery with minimally disruptive, procedurally integrated solutions, announced in November, 2022 the commercial launch of the NuVasive Tube System (NTS) and Excavation Micro, a new minimally invasive surgery (MIS) system that provides comprehensive solutions for both TLIF and decompression.
7. Medtronic
Medtronic is a global healthcare technology leader which broadly deals in challenging healthcare problems with innovation that can transform. It has headquartered in Minneapolis, MN and serves across 150 countries.
8. B. Braun
B. Braun was established in 1839 and is operational in more than 64 countries. B. Braun acquires Intermedt Medizin & Technik GmbH, a specialist in the preparation of dialysis concentrates in March 2022.
9.Wenzel Spine, Inc.
Wenzel Spine, Inc. is a medical technology and services company focused on providing minimally invasive solutions for the treatment of spinal disorders. Headquartered in Austin, TX. Since 2009, Wenzel Spine has been the market leader for stand-alone spine fusion. In October, 2022 Distribution agreement in USA between Wenzel Spine and Safe Orthopaedics
*Definition- Spinal fusion devices are used in spinal surgeries for patients suffering from various spinal diseases such as degenerative disc disease (DDD) and herniated disc.
