Global Spinal Devices Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Spinal Devices market:
The latest research study on the global Spinal Devices market finds that the global Spinal Devices market reached a value of USD 10759.7 million in 2022. It’s expected that the market will achieve USD 14325.1 million by 2028, exhibiting a CAGR of 4.89% during the forecast period.

Influence of COVID-19 Outbreak on Spinal Devices Industry Development
Under the outbreak of COVID-19, the most difficult to get through is SMEs. The sharp decline in income has made the inadequate cash flow more tense. In addition to the two mountains of rent and labor, whether spinal devices companies can survive depends on when COVID-19 can be lifted.

The impact of COVID-19 on spine devices is severe. Spine medical devices are not just needed. Under the outbreak, no matter whether it is a specialty clinic, a chain institution or a large specialty hospital, it is basically in a non-operational state. If the business of a group of institutions is bleak and it is difficult to support high employee wages and house rents, and other fixed expenses are forced to close down, the direct impact on equipment companies is not only that there is no business to do in the short term, but also a group of customers will be lost after the epidemic.

Therefore, the impact on these medical device companies will be considerable at least in the short term. Inventory backlog, rent and labor costs will continue to be invested. At least within half a year, these medical device manufacturers will face great survival pressure, especially a group of small and medium-sized enterprises, it is very likely to accelerate bankruptcy.

Strength
Most leading companies in the industry have a scale advantage, which provides a strong expenditure for the sustainable development of the company.
Some companies have technological advantages and brand advantages, which can meet the diverse needs of customers and promote the development of new markets.

Region Overview:
North America had the highest growth rate of all regions.

Company Overview:
Medtronic, Johnson & Johnson Medical, NuVasive, Stryker and Zimmer Biomet are the five key players in the global Spinal Devices market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Spinal Devices market in the past 5 years.

Medtronic, Inc. headquartered in Minneapolis, Minnesota, USA, it is one of the world's largest medical technology companies, mainly providing lifelong treatment solutions for patients with chronic diseases. The Company offers surgical devices, medical instruments, apparatus, respiratory monitoring systems, medical supplies, and other equipments. Medtronic serves patients and health care professionals worldwide.

Johnson & Johnson Medical, Inc. manufactures surgical appliances and supplies. The Company offers products which are used by health care industries in the fields of orthopaedics, neurological disease, vision care, diabetes care, infection prevention, diagnostics, cardiovascular disease, and aesthetics.

Segmentation Overview:
Among different product types, Thoracolumbar Open Fixation Devices segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Hospital segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Spinal Devices market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Spinal Devices market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Spinal Devices and its sub-markets in an intuitive way.

Key Companies in the global Spinal Devices market covered in Chapter 3:
Stryker
SeaSpine
B. Braun Medical
Globus Medical
Medtronic
Zimmer Biomet
RTI Surgical
NuVasive
Johnson & Johnson Medical
Alphatec Spine
Orthofix

In Chapter 4 and Chapter 14.2, on the basis of types, the Spinal Devices market from 2018 to 2029 is primarily split into:
Thoracolumbar Open Fixation Devices
Cervical Spine Fixation Devices
Interbody Fusion Devices
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Spinal Devices market from 2018 to 2029 covers:
Hospitals
Clinics
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Spinal Devices market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions