Spinal Osteosynthesis Units Market

Spinal Osteosynthesis Units Market By Surgical Approach (Posterior, Anterior, And Lateral), End-Users (Hospitals, Speciality Clinics, And Others), And Geography (North America, Europe, Asia-Pacific, And Rest Of The World) is expected to grow at a steady CAGR forecast till 2030 owing to the rising prevalence of spinal cord disorders and increasing incidence of lower back pain among others

The global spinal osteosynthesis units market is estimated to grow at a CAGR of 4.79% during the forecast period from 2024 to 2030. The demand for spinal osteosynthesis units is primarily being boosted by the rising prevalence of spinal cord disorders. Additionally, the growing incidence of lower back pain, sports-related injuries, and the rising geriatric population are some of the key factors, which are contributing to the growth of the spinal osteosynthesis units market during the forecast period from 2024 to 2030. 

Spinal Osteosynthesis Units Market Dynamics:

According, to the data provided by the World Health Organization (WHO) (2024), in 2021 globally approximately 15.1 million people were living with spinal cord injury. Additionally, as per the data published by the World Health Organization 2021, every year between 250,000 and 500,000 people suffer a spinal cord injury (SCI) around the world and the majority of spinal cord injuries are due to road traffic crashes, falls, or violence. Spinal osteosynthesis units, provide stability and support for spinal injuries, leading to better patient outcomes. Thus, the rising incidence of spinal cord injuries across the globe will create a need for the management and treatment of such disorders, thus resulting in the positive growth of the spinal osteosynthesis units market. 

According to the World Health Organization (WHO) 2023, globally about 619 million people were affected by low back pain (LBP) in 2020. The above-mentioned source estimated that by 2050, there will be around 843 million cases of lower back pain (LBP) owing to the increased burden of population expansion and aging. Thus, the rising incidence of lower back pain will eventually propel the market for spinal osteosynthesis market. 

According to data from the World Health Organization in 2021, the global population of individuals aged 60 and above is projected to double from 12% to 22% between 2015 and 2050, reaching 2.1 billion by 2050. Furthermore, by 2030, one in six people will be 60 years or older. As people age, they become increasingly susceptible to various degenerative spine conditions. These disorders often require surgical intervention, including spinal osteosynthesis procedures. Thus, the increasing geriatric population will positively aid in the growth of the spinal osteosynthesis market.

However, the high cost of spinal surgeries and stringent regulatory approvals are some of the key constraints that may limit the growth of the spinal osteosynthesis units market. 

Spinal Osteosynthesis Units Market Segment Analysis:

Spinal osteosynthesis units market by Surgical Approach (Posterior, Anterior, and Lateral), End-Users (Hospitals, Specialty Clinics, and Others), and Geography (North America, Europe, Asia-pacific, and Rest of the World)

In the surgical approach segment of the spinal osteosynthesis units market, the posterior category is estimated to amass a significant revenue share in the spinal osteosynthesis units market in 2023. This can be attributed to the various applications provided by the posterior category. The posterior approach is one of the most commonly used surgical techniques for spinal stabilization. It allows surgeons to access the spine effectively for a wide range of conditions, including degenerative disc disease, spinal deformities, trauma, and tumors. Additionally, posterior osteosynthesis procedures generally have high success rates in terms of spinal stabilization and fusion. This leads to positive patient outcomes, encouraging more surgeons to adopt these techniques. Further, compared to some anterior or lateral approaches, posterior techniques often have lower complication rates. Furthermore, posterior approaches are often more cost-effective compared to anterior approaches, due to shorter operative times and hospital stays. This economic advantage makes them more appealing in healthcare systems focused on cost efficiency.

Therefore, owing to the above-mentioned factors, the posterior category is expected to register significant growth, thereby driving the growth of the overall spinal osteosynthesis units market during the forecast period.

North America Is Expected To Dominate The Overall Spinal Osteosynthesis Units Market:

North America is expected to account for the highest proportion of the spinal osteosynthesis units market in 2023, out of all regions. This is due to the high prevalence of spinal cord disorders in the region. Additionally, the increasing incidence of spinal cord injuries due to road accidents and sports-related injuries, the rising geriatric population, the presence of robust research and development initiatives, and a highly viable market in terms of product development, and launches are some of the key factors driving the growth of the spinal osteosynthesis units market in North America.  

As per the data provided by the United Spinal Association in the year 2022, around 17,700 Americans suffered spinal cord injuries annually, with 78% of cases occurring in men at an average age of 43. Vehicular accidents account for 39.3% of injuries, followed by falls at 31.8%, violence at 13.2%, sports at 8%, and medical/surgery at 4.3%. Thus, the rising incidence of spinal cord injuries will create a need for the treatment and management of such disorders resulting in the increased demand for spinal osetosynthesis units in the United States, which will further propel the overall market for spinal osetosynthesis units market in North America. 

According to the data provided by the Centers for Disease Control and Prevention (CDC) in 2023, the older adult population is growing substantially, and by 2060 almost a quarter of the U.S. population will be aged 65 years or older.  As age increases human body is prone to various degenerative spine conditions. Thus, with the increase in the older population, the demand for spinal osteosynthesis units will increase, which will eventually propel the market for spinal osteosynthesis devices during the forecast period.

Therefore, the factors mentioned above, are some of the important factors that are responsible for driving the overall market for spinal osteosynthesis units in North America during the forecast period. 

Spinal Osteosynthesis Units Market Key Players:

Some of the key market players operating in the Spinal Osteosynthesis Units market include B. Braun, MEDIOX, Normmed Medical, Lepu Medical Technology (Beijing) Co., Ltd., Life Spine, Inc., Osimplant, ATEC Spine, Inc., TAEYEON Medical Co., Ltd., Nexxt Spine, LLC, Globus Medical, Precision Spine, SIGNUS Medizintechnik GmbH, Naton Medical Group, Spineway France, CTL Amedica, ARCA-MEDICA GmbH, Watson Medical, and others.

Recent Developmental Activities In The Spinal Osteosynthesis Units Market:

• In October 2022, Orthofix, a global medical device company with a spine and orthopedics focus, and SeaSpine, a global medical technology company focused on surgical solutions for the treatment of spinal disorders, announced that both companies had entered into a merger agreement.
• In March 2021, Alphatec Holdings launched the InVictus Occipital-Cervical-Thoracic (OCT) Spinal Fixation System, extending the sophistication of the InVictus Posterior Fixation Platform to the entire spine. The InVictus System provides adaptable, predictable surgical treatment of a range of pathologies through open, MIS, or hybrid approaches.

Key Takeaways From The Spinal Osteosynthesis Units Market Report Study

• Market size analysis for current spinal osteosynthesis units market size (2023), and market forecast for 6 years (2024 to 2030)
• Top key product/technology developments, mergers, acquisitions, partnerships, and joint ventures happened over the last 3 years
• Key companies dominating the spinal osteosynthesis units market.
• Various opportunities available for the other competitors in the spinal osteosynthesis units market space.
• What are the top-performing segments in 2023? How these segments will perform in 2030?
• Which are the top-performing regions and countries in the current spinal osteosynthesis units market scenario?
• Which are the regions and countries where companies should have concentrated on opportunities for spinal osteosynthesis units market growth in the coming future?

Target Audience Who Can Be Benefited From This Spinal Osteosynthesis Units Market Report Study

• Spinal Osteosynthesis Unit product providers
• Research organizations and consulting companies 
• Spinal osteosynthesis units related organizations, associations, forums, and other alliances
• Government and corporate offices
• Start-up companies, venture capitalists, and private equity firms
• Distributors and Traders dealing in spinal osteosynthesis units 
• Various end-users who want to know more about the spinal osteosynthesis units market and the latest technological developments in the spinal osteosynthesis units market.

Frequently Asked Questions For The Spinal Osteosynthesis Units Market:

1. What is meant by the spinal osteosynthesis units market?

Spinal osteosynthesis units refer to the medical devices and systems used in spinal surgery to stabilize and fixate the spine. These units are crucial in treating various spinal disorders, such as fractures, deformities, degenerative diseases, and tumors. They help maintain the proper alignment of the spinal vertebrae, promote spinal fusion, and provide mechanical stability to the spine. 

2. What is the market for spinal osteosynthesis units?

The global spinal osteosynthesis units market is estimated to grow at a CAGR of 4.79% during the forecast period from 2024 to 2030.

3. What are the drivers for the global spinal osteosynthesis units market?

The spinal osteosynthesis units market is slated to witness prosperity owing to factors such as the rising prevalence of spinal cord disorders. Additionally, the growing incidence of lower back pain, sports-related injuries, and the rising geriatric population are some of the key factors, which are contributing to the growth of the spinal osteosynthesis units market during the forecast period from 2024 to 2030.   

4. Who are the key players operating in the global spinal osteosynthesis units market?

Some of the key market players operating in the spinal osteosynthesis units market include B. Braun, MEDIOX, Normmed Medical, Lepu Medical Technology (Beijing) Co., Ltd., Life Spine, Inc., Osimplant, ATEC Spine, Inc., TAEYEON Medical Co., Ltd., Nexxt Spine, LLC, Globus Medical, Precision Spine, SIGNUS Medizintechnik GmbH, Naton Medical Group, Spineway France, CTL Amedica, ARCA-MEDICA GmbH, Watson Medical, and others. 

5. Which region has the highest share in the global spinal osteosynthesis units market?

North America is expected to dominate the overall spinal osteosynthesis units market during the forecast period, 2024 to 2030. This can be attributed to the high prevalence of spinal cord disorders in the region. Additionally, the increasing prevalence of spinal cord injuries, the rising geriatric population, the presence of robust research and development initiatives, and a highly viable market in terms of product development, and launches are some of the key factors driving the growth of the spinal osteosynthesis units market in North America.