Spinal Trauma Devices Market Size 2023-2027

The global spinal trauma devices market size is estimated to grow by USD 540.72 million at a CAGR of 5.77% between 2022 and 2027. 

Surgeons and patients around the world are increasingly opting for minimally invasive and non-invasive procedures. Advancements in spinal trauma devices have led to an increasing number of clinical trials and new products entering the market. In the field of spinal trauma, minimally invasive techniques are gaining popularity as they are effective in treating a variety of conditions while minimizing the associated risks and complications. As a result, there is an increasing demand for specialized spinal implants & devices for minimally invasive procedures, including interventional spine devices. The acceptance rate of minimally invasive spinal interventional procedures is increasing, which is expected to propel the growth of the global spinal trauma device market during the forecast period.

Technavio has segmented the market into Product, End-user and Geography

• The product segment includes internal fixation devices and external fixation devices
• The end-user segment includes hospitals, ambulatory surgery centers, and clinics
• The geography segment includes key regions such as North America, Europe, Asia, and Rest of World (ROW)

It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

What will be the Size of the during the Forecast Period?

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Market Segmentation

Product Segment Analysis- Internal fixation devices

The market share growth by the internal fixation devices segment will be significant during the forecast period. There are different types of internal fixation devices used in spine surgery. Spine plates and screws are a common type. These devices are made from biocompatible materials such as titanium or stainless steel. Another type of internal fixation device is the spinal rod. These rods are inserted into the spine and attached to screws or hooks placed in vertebrates above and below the site of the fracture. 

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The internal fixation devices segment was valued at USD 1,021.58 million in 2017. Internal immobilizers are used in the surgical treatment of spinal fractures, providing stability and support to the spine that is injured. They help immobilize and align the spine, aid in the healing process, and prevent further damage. The increasing prevalence of spinal disorders, advances in medical technology and surgical techniques, the growing need for minimally invasive procedures, the growing geriatric population, and the focus on Focusing on improving patient outcomes and quality of life will propel the growth of the global spinal trauma devices market in the internal fixed equipment segment during the forecast period.

By End-User Segment Analysis- Hospitals 

Hospitals are experiencing a rising demand for spinal implants & devices to effectively treat spinal disorders. Hospitals are often at the forefront of R&D activities in the field of spinal trauma equipment. They are more likely to participate in clinical trials and partner with medical device manufacturers to test and evaluate new technologies. Furthermore, hospitals often undergo expansion and modernization to accommodate the growing number of patients and provide cutting-edge medical services. This makes it necessary to update spinal injury equipment. Thus, such factors will drive the growth of the global spinal trauma market across the hospital segment during the forecast period.

Ambulatory Surgery Centers

Ambulatory Surgical Centers (ASCs) constitute an important end-user segment in the global spinal implants & devices market. ASC offers cost-effective options for patients and payers. ASCs offer a more convenient and efficient patient experience. Patients can have surgery and go home the same day, avoiding many stays in the hospital. In addition, advances in technology have made it possible to perform complex spinal procedures in ASC. As technological innovations continue to enhance surgical techniques and outcomes, the acceptance and use of ASCs for the treatment of spinal cord injuries are likely to grow during the forecast period. 

Regional Analysis

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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers will shape the market during the forecast period. The rising prevalence of spinal disorders like osteoporosis, spondylolisthesis, and scoliosis lesions, is increasing the need for spine implants in the region. The growing number of product launches in the region will likely drive the growth of the spinal injury devices market.

Furthermore, advances in surgical techniques and technology, along with increasing awareness of spinal disorders and their impact on quality of life, have contributed to the increased demand for spinal implants & devices. In addition, the North American healthcare system's focus on improving patient outcomes and quality of life has led to raised adoption of innovative spine implant technologies. Surgeons and healthcare providers are constantly looking for better solutions for spinal disorders, which will increase the demand for advanced spinal trauma devices, which will fuel the growth of the regional spinal trauma devices market during the forecast period. 

COVID Recovery Analysis

In 20202, an outbreak of the COVID-19 pandemic negatively impacted the growth of the spinal trauma devices market in the region. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown restrictions, which led to the resumption of supply chain activities. Furthermore, the emergence of new medical and surgical implantable devices and procedures will increase the demand for spinal injury devices, which will drive the growth of the regional market. area during the forecast period.

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Key Spinal Trauma Devices Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

ZimVie Inc.: The company offers spinal trauma devices such as Biomet OrthoPak non-invasive bone growth stimulator system.

• Alphatec Holdings Inc.
• B.Braun SE, ChoiceSpine LLC
• Genesys Orthopedic Systems LLC
• Globus Medical Inc.
• GS Solutions Inc.
• Johnson and Johnson
• Medtronic Plc
• MicroPort Scientific Corp.
• Nuvasive Inc.
• Orthofix Medical Inc.
• ReWalk Robotics Ltd.
• RTI Surgical Inc.
• Smith and Nephew plc
• Spinal Technology Inc.
• Spineart SA
• Stryker Corp.
• Victrex Plc
• Xtant Medical Holdings Inc

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Spinal Trauma Devices Market Dynamics and Customer Landscape

There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. 

Key Spinal Trauma Devices Market Drivers

The increasing prevalence of spinal disorders is the key factor driving the growth of the market. As the aging population continues to grow, the need for spinal surgery and related implants will grow. As the world population continues to age, the incidence of spinal diseases tends to increase. Spinal pain contributes to a greater global burden of disease (including death and disability) than HIV, diabetes, malaria, stroke, Alzheimer's disease, breast and lung cancer, and ear cancer. traffic accidents and lower respiratory tract infections combined.

Furthermore, an important factor is the growing awareness among patients and healthcare professionals about the benefits of spinal implants and surgical devices. The growing number of educational programs, conferences, and promotional activities conducted by medical companies and device manufacturers will play an important role in increasing market awareness and development during the forecast period. 

Significant Market Trends

Technological advancements in spinal trauma devices is the primary trend in the market. Technological advancements include the development of minimally invasive surgical techniques, robotic-assisted surgery, 3D printing of implants, advanced imaging technologies, and biocompatible materials for implant parts. These technological innovations are aimed at improving surgical outcomes, reducing patient recovery times, and improving the quality of spinal procedures. Materials such as titanium alloy and polyetheretherketone (PEEK) offer favorable mechanical properties and compatibility with the human body.

Furthermore, robots and positioning systems have improved the accuracy and precision of spinal trauma surgeries. The robot-assisted system provides real-time feedback and helps surgeons make precise implant placements, reducing the risk of complications. Hence, such technological advancements will drive the growth of the global spinal injury devices market during the forecast period. 

Major Market Challenges

Risks associated with interventional spine procedures affect the growth of the market. In spite of the fact that spinal interventional treatments are becoming increasingly popular, many patients, especially in developing countries, are still hesitant to use them because of concerns about potential risks. Many patients decide not to have spondylolisthesis surgery due to the risk of cement leakage. Owing to the negative effects of this surgery, the adjacent vertebrae may shrink, increasing the risk of future fractures.

Moreover, vertebral fractures and extraspinal leakage of polymethyl methacrylate (PMMA) cementum through the venous system are examples of important early consequences. Spinal stenosis or pulmonary embolism may result from this leak. The major risks associated with interventional spine surgery are systemic allergy, hematoma, or toxic reaction to cement, which will hinder the growth of the global spinal trauma devices market during the forecast period. 

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Key Market Customer Landscape

The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Spinal Trauma Devices Market Customer Landscape

Segment Overview

The spinal trauma devices market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Product Outlook (USD Million, 2017 - 2027)
  • Internal fixation devices
  • External fixation devices

• End-user Outlook (USD Million, 2017 - 2027)
  • Hospitals
  • Ambulatory surgery centers
  • Clinics

• Region Outlook (USD Million, 2017 - 2027)
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia
    • China
    • India
  • Rest of the World
    • Brazil 
    • Argentina
    • Australia

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What are the Key Data Covered in this Spinal Trauma Devices Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the spinal trauma devices market between 2023 and 2027
• Precise estimation of the spinal trauma devices market size and its contribution of the market in focus to the parent market
• Detailed analysis of customer landscape covering Diver of price sensitivity, Adoption of the lifecycle, and key purchase criteria 
• Companies landscape comparing criticality of inputs and factors of differentiation
• Exclusive Matrix on companies position and classification
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market  across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of spinal trauma devices market companies

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