Global Non Fusion Spinal Devices Market By Type (Artificial Discs Replacement, Dynamic Stabilization Devices & Annulus Repair Devices), By Application (Hospitals, Ambulatory Surgical Centers), By Geographic Scope And Forecast
Published on: 2024-08-06 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Non Fusion Spinal Devices Market By Type (Artificial Discs Replacement, Dynamic Stabilization Devices & Annulus Repair Devices), By Application (Hospitals, Ambulatory Surgical Centers), By Geographic Scope And Forecast
Non-fusion Spinal Devices Market Size And Forecast
Non-fusion Spinal Devices Market size was valued at USD 4.08 Billion in 2024 and is projected to reach USD 5.68 Billion by 2031, growing at a CAGR of 4.24% from 2024 to 2031.
- Non-fusion spinal devices are medical devices used to treat a variety of spine diseases that do not require vertebral segment fusion. Unlike fusion operations, which join two or more vertebrae together to immobilize the spine, non-fusion devices aim to maintain motion and flexibility in the spine while treating degenerative disc disease, spinal stenosis, and other spinal conditions.
- The non-fusion spinal devices market is expanding due to the increasing frequency of spinal illnesses such as spinal stenosis and degenerative disc disease.
- Spinal implants are used to stabilize and revitalize patients’ spines, as well as to right spinal disproportions. These devices are generically categorized as fusion or non-fusion spinal devices. Integrating non-fusion technologies into spinal surgery has improved outcomes by allowing patients to move and stretch their spines.
- According to the back pain affects everyone, regardless of age, from children to the elderly, and is a common reason for medical visits. It is difficult to estimate the incidence of back pain because it is already extremely common by the time a person reaches adulthood, and the symptoms are likely to repeat throughout time. Non-specific (common) back pain is expected to affect 60% to 70% of people in industrialized countries over their lifespan.
Global Non-fusion Spinal Devices Market Dynamics
The key market dynamics that are shaping the global non-fusion spinal device market include
Key Market Drivers
- Increasing Demand for Minimally Invasive Surgery (MIS) Treatments MIS techniques are associated with smaller incisions, less blood loss, faster recovery times, and less discomfort than standard open operations. Non-fusion spinal devices are frequently well-suited for MIS treatments, boosting their appeal to both surgeons and patients.
- Expanding Aging Population The global population is aging, and as people get older, they are more susceptible to developing spine diseases such as degenerative disc degeneration and spinal stenosis. These problems can lead to pain, stiffness, and trouble moving. Non-fusion spinal devices can help relieve symptoms and maintain mobility in older persons.
- Focus on Outcomes and Quality of Life Patient-reported outcomes and quality of life metrics are becoming increasingly important in healthcare. Non-fusion spinal devices are intended not just to relieve pain and dysfunction, but also to maintain or improve patients’ overall quality of life by maintaining spinal motion and function.
- Minimally Invasive Approaches Many non-fusion operations can be performed with minimally invasive techniques, which have advantages such as smaller incisions, less blood loss, and faster recovery times. As minimally invasive procedures become increasingly popular, there is a greater demand for non-fusion spinal devices that work with these techniques.
Key Challenges
- Surgeon Training and Adoption Non-fusion spinal devices frequently necessitate specialized training and skill to properly implant. Surgeons may be hesitant to use these devices if they are unfamiliar with the surgical techniques or see a steep learning curve. Improving surgeon education and training programs can help to address this issue and enable greater utilization of non-fusion spinal devices.
- Long-Term Clinical Evidence While clinical studies on non-fusion spinal devices have provided positive results, more long-term data on their safety, efficacy, and durability are required. Long-term clinical data is critical for obtaining regulatory clearance, securing payment, and instilling patient and healthcare provider confidence in these technologies’ long-term advantages.
- Regulatory Challenges The regulation process for non-fusion devices can be complicated and time-consuming. This might cause delays in the development and commercialization of new devices.
Key Trends
- Growing Geriatric Population As the world’s population ages, more people are likely to have spine disorders. Non-fusion devices may be an appropriate choice for older individuals who are unable to fight the risks involved with major surgery.
- Focus on Outcomes and Cost-Effectiveness Healthcare systems around the world are increasingly focused on providing value-based care and reducing healthcare costs. Non-fusion spinal devices have the potential to improve clinical outcomes and cost savings over standard fusion surgeries, particularly in terms of shorter hospital stays, lower rates of revision surgery, and better long-term patient satisfaction.
- Growing Awareness of Spinal Disorders There is a growing awareness of spinal disorders, such as spinal stenosis and disc degeneration. This is leading to more people seeking treatment for these conditions, which is driving up the demand for non-fusion spinal devices.
- Increasing Focus on Motion Preservation Spinal fusion surgery might reduce a patient’s range of motion. Non-fusion devices aim to maintain motion in the spine, which can result in better long-term outcomes for patients.
What's inside a
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
Global Non-fusion Spinal Devices Market Regional Analysis
Here is a more detailed regional analysis of the global non-fusion spinal device market
North America
- The benefits of non-fusion spinal devices corresponds in North America have seen a quick adoption of modern medical technology, particularly non-fusion spinal devices, because of variables such as high healthcare spending, a robust research and development infrastructure, and a strong demand for new treatment choices. Patients and healthcare providers in the region are increasingly embracing minimally invasive procedures that enable quicker recovery periods and better outcomes.
- Government activities and policies in North America have contributed significantly to the introduction of non-fusion spinal devices. Efforts to improve the quality of life for people suffering from spinal problems have resulted in increasing funding for R&D and healthcare infrastructure. Furthermore, regulatory authorities such as the FDA in the United States have simplified the approval procedure for these devices, enabling fast market access and encouraging innovation in the industry.
- Overall, a favorable regulatory environment, innovations in technology, and government assistance have pushed North America to the forefront of the spinal non-fusion device market. As the region continues to prioritize healthcare innovation and quality improvement measures, its dominance in this industry is projected to last for the foreseeable future.
Asia Pacific
- The Asia Pacific area offers promising market opportunities for spinal non-fusion devices, due to factors such as rising awareness of healthy living, growth of medical facilities, and a significant increase in elderly people. With an increasing emphasis on preventative healthcare and greater access to medical services throughout the region, people are becoming more aware of the necessity of preserving spinal health. This increased knowledge, combined with a rise in healthcare infrastructure development, presents a favorable climate for the adoption of innovative spinal treatment options, such as non-fusion devices.
- Furthermore, the Asia Pacific region is undergoing a large demographic shift, with a substantial increase in aged people. According to the United Nations Economic and Social Commission for Asia and the Pacific demographic statistics sheet from 2016, 12.4% of the region’s population was 60 years or older, a proportion that is anticipated to rise even higher by 2050.
- This demographic trend highlights the increased demand for innovative solutions to age-related spinal disorders, which is driving the regional non-fusion spinal device market. As Asia Pacific’s healthcare systems modernize and focus on meeting the demands of an aging population, the market for spinal non-fusion devices is expected to rise significantly.
Global Non-fusion Spinal Device MarketSegmentation Analysis
The Global Non-fusion Spinal Device Market is Segmented on the basis of Type, Application, And Geography.
Non-fusion Spinal Device Market, By Type
- Artificial Discs Replacement
- Dynamic Stabilization Devices
- Annulus Repair Devices
Based on the Component, the market is bifurcated into Artificial Discs Replacement, Dynamic Stabilization Devices and Annulus Repair Devices. Growing markets in the non-fusion spinal device sector. It’s difficult to say for certain which is growing the fastest, but annulus repair devices are a relatively new technology that may be enjoying the fastest growth due to an increased emphasis on motion preservation methodologies.
Non-fusion Spinal Device Market, By Application
- Hospitals
- Ambulatory Surgical Centers
Based on Application, the market is segmented into Hospitals and Ambulatory Surgical Centers. However, Ambulatory Surgical Centers are predicted to increase quicker due to the growing preference for minimally invasive treatments and outpatient care. These operations are less expensive and require shorter recovery times, making ASCs a more appealing alternative for both patients and insurance.
Non-fusion Spinal Device Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of Geography, the Global Non-fusion Spinal Device Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America accounted for the largest market share of non-fusion spinal device followed by Europe. Growing demand for effective emergency care and increasing adoption of mobile surgery centers are anticipated to drive the industry during the forecast period.
Key Players
The “Global Non-fusion Spinal Device Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Centinel Spine, LLC, B. Braun Melsungen, Johnson & Johnson, Medtronic PLC, Pioneer Surgical Technologies, Synthes Holding AG, Depuy Spine, Globus Medical Inc., and NuVasive, Inc. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Non-fusion Spinal Device Market Recent Developments
- In June 2023, Premia Spine got FDA approval for its Total Posterior Spine (TOPS) facet joint replacement system. The TOPS System previously received the FDA’s Breakthrough Designation and has now successfully completed its Premarket Approval (PMA) application. The TOPS™ System replaces anatomical elements destroyed during spinal decompression treatment, such as the lamina and facet joint, to relieve pain.
- In November 2022, Spinal Stabilization Technologies Ltd announced that it has begun the LOPAIN2 clinical trial to assess the effectiveness of the PerQdisc Nucleus Replacement Device (NRD). The trial is expected to take place in South America, with 72 patients participating.
- In August 2021, Orthofix US LLC announced the first patient implant in the M6-C Artificial Cervical Disc 2-Level Investigation Device Exemption (IDE) Study. The FDA authorized the M6-C artificial cervical disc in 2019 for single-level implantation from C3 to C7 as an alternative to cervical fusion.
- In April 2021, NuVasive Inc received 510k approval from the US FDA for the use of Simplify Disc, a two-level cervical complete disc replacement.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Centinel Spine, LLC, B. Braun Melsungen, Johnson & Johnson, Medtronic PLC, Pioneer Surgical Technologies, Synthes Holding AG, Depuy Spine, Globus Medical Inc., and NuVasive, Inc. |
SEGMENTS COVERED |
|
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Market Research
To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .
Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post sales analyst support
Customization of the Report
• In case of any please connect with our sales team, who will ensure that your requirements are met.