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North America Spinal Surgery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The North America Spinal Surgery Market is segmented by Device Type (Spinal Decompression, Spinal Fusion, Fracture Repair Devices, Arthroplasty Devices and Non-fusion Devices), Geography.

North America Spinal Surgery Market Size

North America Spinal Surgery Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 7.13 %

Major Players

North America Spinal Surgery Market Key Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of North America Spinal Surgery Market with other markets in Healthcare Industry

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North America Spinal Surgery Market Analysis

The North America Spinal Surgery market studied was anticipated to grow with a CAGR of 7.13%, during the forecast period. The major factors attributing to the growth of the North America spinal surgery market are advancements in technology in spinal surgery equipment, growing aging and obese population with growing number of spinal deformities, and increasing demand for noninvasive spinal surgery procedures are key elements driving the growth of the market for North America spinal surgery. 

According to a survey conducted in the United States, by the National Center for Health Statistics, more than 65 million Americans suffer from lower back problems, every year. With evolving lifestyle and food consumption methods in the region such figures are expected to increase further. The degenerative spinal disorders are also expected to increase, along with a likely increase in spinal problems in obese populations owing to increased obesity which will further boost the market growth during the forecast period.

North America Spinal Surgery Market Trends

This section covers the major market trends shaping the North America Spinal Surgery Market according to our research experts:

Spinal Fusion Segment is Expected to Hold Significant Share in the North America Spinal Surery Devices Market

Spinal fusion is estimated to have the largest market share in the device category segment of the market for spinal surgery devices and is expected to experience a healthy CAGR during the forecast period.  Several products on the market offer traditional yet better treatments for patients with lumbar spinal stenosis, along with alternative advanced treatments for spinal decompression. The key market competitors manufacture complex stabilizing tools for the lumbar spine for both anterior and posterior. In fact, there are many clinical trials ongoing for further advancement. As per the research findings there are approximately 1.62 million instrumented spinal procedures performed annually in the United States.This component would likely offer multiple benefits in terms of market growth during the forecast period.

North America Spinal Surgery Market Share

North America Spinal Surgery Industry Overview

The North America spinal surgery devices market is competitive and consists of several players. In terms of market share, few of the major players are currently dominating the market and some prominent players are vigorously making acquisitions and joint ventures with the other companies to consolidate their market positions in the region. Some of the companies which are currently dominating the market areZimmer Biomet, Stryker Corporation, Johnson & Johnson, Medtronic plc, and Globus Medical.

North America Spinal Surgery Market Leaders

  1. Zimmer Biomet

  2. Stryker Corporation

  3. Johnson and Johnson

  4. Medtronic plc

  5. Globus Medical

*Disclaimer: Major Players sorted in no particular order

Zimmer Biomet, Stryker Corporation, Johnson & Johnson, Medtronic plc, and Globus Medical.
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North America Spinal Surgery Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Number of Technological Advances in Spinal Surgery

      2. 4.2.2 Increasing Incidences of Obesity and Degenerative Spinal Conditions

      3. 4.2.3 Increasing Adoption Rate of Minimally Invasive Spinal Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 Expensive Treatment Procedures

      2. 4.3.2 Stringent Reimbursement Concerns

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Device Type

      1. 5.1.1 Spinal Decompression

        1. 5.1.1.1 Corpectomy

        2. 5.1.1.2 Discectomy

        3. 5.1.1.3 Facetectomy

        4. 5.1.1.4 Foraminotomy

        5. 5.1.1.5 Laminotomy

      2. 5.1.2 Spinal Fusion

        1. 5.1.2.1 Cervical Fusion

        2. 5.1.2.2 Interbody Fusion

        3. 5.1.2.3 ThoracoLumbar Fusion

        4. 5.1.2.4 Others

      3. 5.1.3 Fracture Repair Devices

      4. 5.1.4 Arthroplasty Devices

      5. 5.1.5 Non-fusion Devices

    2. 5.2 By Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Zimmer Biomet

      2. 6.1.2 Stryker Corporation

      3. 6.1.3 Johnson & Johnson

      4. 6.1.4 Medtronic plc

      5. 6.1.5 Globus Medical

      6. 6.1.6 SeaSpine Holdings Corporation

      7. 6.1.7 Orthofix Holdings Inc.

      8. 6.1.8 Nuvasive Inc.

      9. 6.1.9 Joimax GmbH

      10. 6.1.10 RTI Surgical Holdings, Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments
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North America Spinal Surgery Industry Segmentation

The demand for spinal surgery products is a significant money-spinning sub-segment of the orthopedic market. Generally, spinal surgery has been an open procedure in which an extensive incision allows the surgeon to examine the structure of the spine.

By Device Type
Spinal Decompression
Corpectomy
Discectomy
Facetectomy
Foraminotomy
Laminotomy
Spinal Fusion
Cervical Fusion
Interbody Fusion
ThoracoLumbar Fusion
Others
Fracture Repair Devices
Arthroplasty Devices
Non-fusion Devices
By Geography
North America
United States
Canada
Mexico
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North America Spinal Surgery Market Research FAQs

The North America Spinal Surgery Market is projected to register a CAGR of 7.13% during the forecast period (2024-2029)

Zimmer Biomet, Stryker Corporation, Johnson and Johnson, Medtronic plc and Globus Medical are the major companies operating in the North America Spinal Surgery Market.

The report covers the North America Spinal Surgery Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Spinal Surgery Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

North America Spinal Surgery Industry Report

Statistics for the 2024 North America Spinal Surgery market share, size and revenue growth rate, created by ÌÇÐÄvlog´«Ã½â„¢ Industry Reports. North America Spinal Surgery analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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North America Spinal Surgery Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)