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Spinal Fusion Device Market Trends

Report ID: GMI8294
Published Date: Feb 2024
Report Format: PDF

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Spinal Fusion Device Market Trends

The spinal fusion device industry is benefiting from the increasing partnerships and collaborations among medical device companies, research institutions, and healthcare providers. These strategic alliances are facilitating the sharing of knowledge, resources, and technology, leading to innovative product developments, and enhanced surgical techniques. The ongoing cooperative efforts are also crucial for addressing the growing demand for effective spinal fusion solutions globally.

For instance, in June 2023, GE HealthCare partnered with J&J to advance the OEC 3D spine imaging system. This mobile system captures 2D and 3D images during operations and provides images while displaying more levels during spinal fusion to enhance procedural accuracy and outcomes.

Furthermore, patients and healthcare providers are preferring minimally invasive surgery (MIS) procedures due to their benefits, including reduced recovery time and lower risk of complications. The rapid advancements in MIS technologies are boosting the product popularity and utilization in spinal fusion surgeries.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Spinal fusion device industry size was over USD 8.35 billion in 2023 and is expected to register 4.6% CAGR from 2024 to 2032 due to the increasing prevalence of spinal disorders, such as degenerative disc disease, spondylolisthesis, and spinal stenosis.

The hospitals application segment of the market is expected to surpass USD 7.1 billion by 2032, driven by the increasing advancements in surgical techniques.

North America spinal fusion device industry size will exceed USD 6.7 billion by 2032, due to the increase in sports-related injuries and the rising demand for spinal fusion procedures and devices.

Alphatec Holdings, Inc., B. Braun Melsungen AG, ChoiceSpine LLC, Globus Medical Inc., Johnson& Johnson (Depuy Synthes), Medtronic plc, NuVasive, Inc., Orthofix Medical Inc., SeaSpine Holdings Corporation, Stryker Corporation, and ZimVie Inc.