Spine Positioning Devices Market by Type (Thoracic Fusion and Lumbar Fusion, Spinal Decompression, Spine Biologics, Non-Fusion, Cervical Fusion devices, and Spine Bone Stimulators), Distributers (Hospitals, Clinics, and Ambulatory Surgical Centers), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021-2028

Spine positioning devices market is growing at a high rate. Spinal positioning devices are majorly used in the treatment of spine-related disorders, several deformities, fractures, and disc degeneration. These devices reduce the procedural set up time and play an important role in successful spinal surgeries. The devices are of various types such as vertebral compression fracture devices, annular repair devices, cervical and thoracolumbar devices, and others. 

Spine Positioning System Market Analysis

The global spine positioning devices market is expected to gain pace during the forecast period at healthy CAGR rate. Spinal positioning devices are non-disposable accessories used for spine related disorders. Increasing number of spine related issues such as extreme accident, wrong posture and unhealthy lifestyle, aging, and more has expanded the spine positioning devices market globally. However, expensive spine related surgical procedure has restrained the market growth.

Increase in the number of spinal surgeries has boosted the spine positioning market

The market is majorly driven by the increase in the number of spinal surgeries because of the availability of good quality equipment like pedicle screws and rods with the presence skilled healthcare professionals who are updated about the latest technology and know how to use them during complicated surgeries. An increase in the spine related injuries and surgeries is also increasing the demand for spine positioning devices in the market. For instance, according to a survey report of World Health Organization in 2015, every year, between 250 000 and 500 000 people across the world suffer a spinal cord injury.

The adjustable nature of the spinal positioning devices like rods, screws, etc helps to carry out several critical surgical procedures and this factor is expected to stimulate the growth of the market.

Easy reimbursement facilities for various diagnostic processes of spine condition expected to drive the growth of the spine positioning devices market.

Increase in new product launches has fueled the market of Spine Positioning Devices

Technological advancement in industries related to spinal devices have resulted in new innovations related to orthopedic implants and devices that offer better treatment facilities to the patients. The R&D department of the companies are focusing in innovating spinal devices which provide minimum invasive procedure and customized implants. This will further boost the demand for orthopedic spinal devices.

For instance, DePuy Synthes, a franchise of neurosurgery and orthopaedic neurosurgery companies, launched CONDUIT Implants in September 2019, which has the facility of 3D printed interbody implants and promotes spinal fusion. This device mimics the natural texture of spinal bone and restore alignment and natural height between vertebras.

High cost of surgery in many regions restrain the potential growth of the spine positioning devices market

The spine positioning device market faces many restrains in developing countries. Factors such as lack of awareness among the people about the devices, less availability of skilled healthcare professional who know about the devices, and high cost of the surgical procedure restrains the market growth. The spinal surgeries are highly costly. For instance, cost of spinal surgeries in a good hospital in India starts from approximately 2 lakhs. Not every sector of population can afford such expensive surgical procedure. Hence, this is a major restraining factor of the market of spinal positioning devices.  

Small and medium scale industries are entering the spine positioning market and this is increasing the market competition among the companies which is further altering the growth of the market.

Significant growth in healthcare segment and evolving market strategies will provide great opportunities for the growth 

Product launches, company mergers & acquisitions, R&D activities, and joint ventures are key strategies adopted by the companies in the spine positioning device market. Biomedical companies are investing major portion of their funds in R&D domain and product launches to cater to the demand of the growing market of spinal surgery devices. Various collaborations have occurred between companies for gaining a better position in the market. 

New product launches according to the requirements and to facilitate easy surgeries will also help the spinal device market to gain major share in the market in the upcoming time. Globus Medical, NuVasive, Inc., and SeaSpine Holdings Corporation have launched novel spine surgical products that sustain the competition due to the development of a wide range of products in the spine positioning devices market. Such innovations and activities will increase the market shares of the companies.

Global Spine Positioning Devices Market by Type

The thoracic fusion and lumbar fusion devices will continue to lead the spine positioning device market, globally

In terms of product types, global spine positioning devices market is divided into thoracic fusion and lumbar fusion devices, spinal decompression devices, spine biologics, non-fusion devices, cervical fusion devices, vertebral compression fracture treatment devices, and spine bone stimulators. The thoracic fusion and lumbar fusion devices sub-segment is predicted to hold the largest share in the spine positioning devices market due to the increasing incidence of lumbar degenerative disc disease and the growing number of product launches in the sub-segment. 

Global Spine Positioning Devices Market by Distribution

It is expected that hospitals will continue to hold a good position in the spinal positioning devices market in the forecast time

Increase in the number of end users has impacted the distribution of the device market. Spine positioning devices are majorly used in hospitals, ambulatory surgical centers, clinics, and others. It is estimated that the hospitals and the ambulatory surgical centers sub-segment will dominate the market in the forecast time due to reimbursement policies for spinal surgeries and treatment.
Moreover, availability of highly specialized healthcare professionals, proper healthcare facilities, and improved infrastructure will help hospitals and ambulatory surgical devices dominate the market growth.

Regional Insights:

Asia Pacific is likely to grow rapidly due to improving healthcare infrastructure to support spinal surgeries

The global spine positioning devices market is segmented into many regions like North America, Europe, Asia Pacific, Middle East, and Africa. It is expected that North America will continue to dominate the market of global spine positioning device. Various factors which support these dominations are increasing cases of spinal diseases, strategic collaboration, new product launches, and increased R&D on biologics. Europe has the second largest market for spine positioning devices because of high adoption in the region.

Spine positioning devices market in Asia Pacific is expected to grow substantially due to continuously developing healthcare infrastructure.

Key Distributers in the Global Spine Positioning Devices Market

Key distributers in the global spine positioning devices market are DePuy Synthes, Medtronic, NuVasive, Inc., Strykey Corporation, B.Braun Melsungen AG, Globus Medical, Inc., Zimmer Biomet Holdings, Inc., Orthofix International N.V., Abbott Laboratories, Boston Scientific, RTI Surgical Inc., SeaSpine Holdings Corporation, Spineart, Kuros Biosciences AG, Bioventus, LLC, Meditceh, and Colifax Corporation.

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