Spinal Fusion Devices Market Report, Analysis, Insights, Demand and Restraints up to 2025

 

Spinal Fusion Devices 

Spinal fusion devices are used to stabilise a spine that has become unstable owing to a fracture, degenerative diseases of the spine, trauma, tumours, or deformity. A restricted blood supply, infections, traumas, and compression by a shattered bone or tumour are all common causes of spinal cord injury.

According to Coherent Market Insights, The global spinal fusion devices market was valued at US$ 7,462.4 million in 2016 and is expected to witness a CAGR of 4.6% over the forecast period (2017 – 2025). The technology and mechanism of spinal fusion devices has advanced throughout time. Advanced plating methods increase structural stability and integrity. Innovative locking mechanisms and screw systems, which can have self-drilling and self-tapping characteristics, are used in spinal fusion devices. They are built of current manufacturing materials such as titanium alloy and have single and double holes per vertebrae through which the screw fixation is done.

The rise in the global geriatric population, rising prevalence of spinal disorders, continuous advancements in spine fusion devices and surgical techniques, and increasing preference for minimally invasive spine surgeries are all contributing to the global spinal fusion devices market's steady revenue growth. Other factors expected to drive global market revenue growth over the forecast period include rising incidences of spinal degeneration or deformities, rising cases of road accidents and fatal falls, growing patient pool, and increasing volumes of surgical procedures in hospitals and ambulatory surgical centres.

The surgical technique of spinal fusion entails the permanent merging of two or more bones in the vertebrae that make up the spinal column. Degenerative disc disease, herniated discs, spinal stenosis, and spine tumours are among the conditions treated by surgery. However, factors such as high costs of spinal fusion surgical devices and different risks connected with the process such as bleeding, blood clots, infection, poor wound healing, blood vessel damage, and acute discomfort are limiting the worldwide spinal fusion devices market revenue growth.

The Global spinal fusion devices market is divided into two types of surgeries: minimally invasive spine surgery and open spine surgery. Due to factors such as growing preference for minimally invasive spine surgical procedures due to many advantages over open surgeries, such as shorter hospital stays, less pain and discomfort, less damage to muscle and soft tissue, reduced post-operative pain, lower infection risks, and faster patient recovery and healing, the minimally invasive spine surgery segment held the largest revenue share in the global market in 2020.

The Global spinal fusion devices market is divided into three categories based on end-use: hospitals & ambulatory surgical centres, specialised clinics, and others. Over the forecast period, the hospitals & ambulatory surgery centres category is predicted to develop at the quickest rate in the worldwide market. Rapid adoption of advanced surgical techniques for spinal disorders in hospitals and ambulatory surgery centres, increased availability of skilled spine surgeons, increased use of surgical robots in spine fusion surgical procedures, and favourable health insurance policies for spinal treatments are all contributing to this segment's revenue growth.

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