SPINAL FUSION DEVICES MARKET ANALYSIS

Spinal Fusion Devices Market, by Device Type (Spinal Plating Systems, Interbody Cages, and Pedicle Screw Systems), by Procedure Type (Cervical Spine, Thoracic spine, and Lumbar Spine), by End User (Hospitals, Ambulatory Surgical Center, Orthopedic Center, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jul 2022
Code : CMI1211
Pages :170
Formats :
Excel and PDF
Industry : Medical Devices

Spinal Fusion Devices MarketSize and Trends

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).

Figure 1. Global Spinal Fusion Devices Market Share (%), by Procedure Type, 2022

Rapid product launch and frequent approval of novel spinal fusion devices are expected to drive growth of the global spinal fusion market

Rapid product launch and frequent approval of novel spinal fusion are expected to drive the global spinal fusion market. For instance, in 2017, Stryker’s Spine division launched Serrato pedicle screw, a unique dual-lead screw intended for use in the non-cervical spine. For instance, in May 2022, Accelus Robotics Private Limited, based in India, a medical technology company focused on accelerating the adoption of minimally invasive surgery (MIS) as the standard of care in spine, launched first procedures performed utilizing its TiHawk7 expandable interbody cage. TiHawk7 is the latest addition to Accelus’s FlareHawk Interbody Fusion System portfolio of spinal fusion cages and features a new ultra-low profile with titanium at the bony interface. The first TiHawk7 procedure was performed by Dr. Micah Smith, an orthopedic surgery specialist with Ortho NorthEast in Fort Wayne, Ind.