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Interventional Spine Market Trends

Report ID: GMI8198 Published Date: February 2024Report Format: PDF
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Interventional Spine Market Trends

The consistent technological advancements in interventional spine by incorporating the innovative technologies in the devices has resulted in their increased demand globally. Utilization of favourable technologies such as bone grafting materials, cervical plates, and balloon kyphoplasty has led to the segment progress.

  • Ongoing research and development efforts have resulted in innovative spinal fusion procedures, including thoracic and lumbar fusion devices. For instance, these procedures utilize bone grafting materials, that includes bone graft substitutes such as bone marrow aspirate, mesenchymal stem cells or allograft in combination with synthetic grafts or ceramics. These materials reduce the need for traditional autografts and promote bone growth and fusion, contributing to the overall success and increased demand for spinal fusion procedures worldwide.
  • Further, the effectiveness of cervical fusion devices is being enhanced through the incorporation of dynamization features, such as movable screws within cervical plates. These dynamic elements promote bone growth and fusion in the cervical spine. This dynamization feature optimizes the stability of the implant while promoting a more natural healing process, ultimately improving the success rate of cervical fusion procedures and attracts the attention of surgeons and healthcare professionals.
Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

How big is interventional spine industry?+

The global interventional spine market was valued at around USD 13.8 billion in 2023 and is expected to reach around USD 21.6 billion by 2032, driven by rising prevalence of spinal diseases, consistent technological advancements, and increasing demand for minimally invasive procedures.

How will spinal fusion and fixation fuel the demand in interventional spine industry?+

The spinal fusion and fixation segment held majority revenue share in 2023 and is anticipated to reach USD 12.8 billion by 2032, owing to increased investment in healthcare infrastructure.

What is the size of North America interventional spine market?+

North America interventional spine industry accounted for USD 8 billion in 2023 and is predicted to witness significant growth over 2024 and 2032, backed by the development of advanced technologies and treatments models.

Who are the main contenders in interventional spine industry?+

Alphatec Holdings, Inc., B. Braun Melsungen AG, Boston Scientific Corporation, ChoiceSpine LLC, DePuy Synthes, Globus Medical, Inc., Integra LifeSciences Corporation, Medtronic plc, Nuvasive, Inc. and Orthofix Medical Inc.

Interventional Spine Market Scope

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