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Interventional Spine Market Size
Interventional Spine Market size was valued at around USD 13.8 billion in 2023 and is anticipated to register a CAGR of 4.8% between 2024 and 2032. Factors such as rising prevalence of spinal diseases, consistent technological advancements, and increasing demand for minimally invasive procedures are propelling the market growth.
To get key market trends
The growing prevalence of spinal diseases has led to an increased demand for interventional spine procedures globally. Sedentary lifestyles, obesity, insufficient physical activity, trauma injuries, genetic and congenital factors, and an increasing aging population have been linked to several serious spinal disorders, including a surging incidence of spinal deformities, scoliosis, herniated discs, lumbar stenosis, and other spinal disorders.
Further, as per the statistics reported by World Spine Care organization, there are more patients worldwide affected by spinal pain than by HIV, diabetes, malaria, stroke, Alzheimer's disease, and breast cancer altogether. Additionally, the increasing demand for minimally invasive procedures is rising globally due to various advantages, like minimized surgical tissue trauma compared with an open surgical procedure, improved patient outcomes, and reduced hospital stays among others. Therefore, the rising prevalence of spinal diseases and growing demand for minimally invasive procedures will fuel the interventional spine market expansion.
Interventional spine refers to a specialized field of medicine focused on the diagnosis and treatment of spinal disorders and related pain conditions using minimally invasive procedures. Interventional spine procedures typically involve the use of image-guided techniques, such as fluoroscopy or ultrasound, to precisely target affected areas of the spine with minimal tissue disruption.
Interventional Spine Market Report Attributes
Report Attribute
Details
Base Year:
2023
Interventional Spine Market size in 2023:
USD 13.8 Billion
Forecast Period:
2024 - 2032
Forecast Period 2023 - 2032 CAGR:
4.8
2023 Value Projection:
USD 21.6 Billion
Historical Data for:
2018 - 2023
No of Pages:
320
Tables, Charts & Figures:
744
Segments Covered:
Product, Application, Surgery Type, End-use, and Region
Growth Drivers:
Rising prevalence of spinal diseases
Increasing demand for minimally invasive procedures
Technological advancements
Rise in public and private investments for the development of more advanced technologies
Pitfalls Challenges:
High cost of spinal surgeries
Stringent regulatory scenario
What are the growth opportunities in this market?
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.
Interventional Spine Market Analysis
Learn more about the key segments shaping this market
Based on product, the market is segmented into thoracic fusion and lumbar fusion devices, cervical fusion devices, vertebral compression fracture treatment devices, spine biologics, spinal decompression devices, non-fusion devices, and spine bone stimulators. The thoracic fusion and lumbar fusion devices segment held leading revenue share in 2023 and is anticipated to reach USD 8.1 billion by 2032.
The rising demand for motion-preserving solutions in spinal surgery, such as artificial disc replacement (ADR), reflects a growing trend towards preserving natural spinal motion and biomechanics. Fusion devices continue to play a crucial role, particularly in cases of severe instability or deformity where motion preservation may not be feasible.
Additionally, patients with debilitating spinal conditions often seek surgical interventions to improve their quality of life, alleviate pain, and restore functional mobility. Fusion procedures, when indicated, offer the potential for long-term relief of symptoms, and improved spinal stability, thereby, driving patient demand for these devices.
Learn more about the key segments shaping this market
Based on application, the interventional spine market is segmented into spinal fusion and fixation, vertebral compression fracture treatment, motion preservation/non-fusion, and spinal decompression. The spinal fusion and fixation segment held majority revenue share in 2023 and is anticipated to reach USD 12.8 billion by 2032.
The aging population is often associated with degenerative spinal conditions promoting the onset of degenerative spinal ailments like spinal stenosis and degenerative spondylolisthesis, necessitating spinal fusion and fixation procedures.
Additionally, increased investment in healthcare infrastructure leads to the expansion of healthcare facilities, thus enhancing the access to specialized medical care, such as spinal surgeries, for a larger portion of the population. Factors including continuous rise in target population and as more individuals have access to healthcare services, there is a corresponding increase in the number of patients seeking treatment for spinal conditions, thereby driving the demand for spinal fusion and fixation procedures.
Based on surgery type segmentation, the interventional spine market is categorized into open surgery and minimally invasive surgery. The minimally invasive surgery segment is anticipated to record higher growth with a CAGR of 5.5% over the forecast period.
The proliferation of information available to individuals or patients undergoing spinal surgeries through various sources including awareness campaigns, internet and social media platforms has empowered patients to take a more proactive role in their healthcare decisions. With increased awareness, and access to information, patients are actively seeking out minimally invasive treatment options, further driving demand for these innovative and patient-centric solutions.
Additionally, while the initial costs of MIS equipment and training may be higher, the overall cost-effectiveness of MIS becomes evident when considering factors such as shorter hospital stays, reduced postoperative care requirements, and faster patient recovery. As healthcare systems and payers increasingly prioritize value-based care and cost containment, the cost-effectiveness of MIS becomes a significant driver for demand for such procedures.
Based on end-use segmentation, the interventional spine market is categorized into hospitals, specialty clinics, ambulatory surgical centers, and other end-users. The hospital segment accounted for majority revenue share and was valued at around USD 7.6 billion revenue in 2023.
Hospitals attract and retain specialized medical professionals including orthopedic spine surgeons, interventional spine specialists, neurosurgeons specializing in spine surgery, and pain management physicians who are proficient in minimally invasive spine interventions and adept at handling associated devices.
By assembling a skilled team of professionals, hospitals ensure the delivery of high-quality care and optimal outcomes for patients undergoing interventional spine procedures. This strategic investment in specialized expertise positions hospitals as the primary location for interventional spine procedures.
Moreover, hospitals ensure a safe environment for incorporating advanced procedures and devices related to interventional spine by meeting the stringent regulatory compliance and accreditation standards. Consequently, hospitals become the preferred choice for patients seeking interventional spine treatments.
Looking for region specific data?
North America interventional spine market accounted for USD 8 billion revenue in 2023 and is predicted to witness substantial market growth.
North America has a significant presence of extensive research institutions, medical schools, and professional organizations that underscores the region's commitment to advancing in the field of interventional spine. These entities drive innovation by fostering the development of advanced technologies, and treatments models. This concerted effort fuels the growth of the regional market, hence driving advancements and shaping the future of spinal healthcare.
Additionally, many interventional spine procedures are covered by health insurance plans in the region, making them more accessible and affordable for patients. Insurance coverage encourages patients to seek out treatment for spinal conditions, contributing to the growth of the market in the region.
Interventional Spine Market Share
The interventional spine industry is competitive in nature, with various large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products with improved efficiency and cost-effectiveness is among a key market strategy for interventional spine manufacturers. Some of the leading industry players including Alphatec Holdings, Inc, B. Braun Melsungen AG, Boston Scientific Corporation, ChoiceSpine LLC, and DePuy Synthes among others have a substantial presence in the market.
Interventional Spine Market Companies
Some of the eminent market participants operating in the interventional spine industry include:
Alphatec Holdings, Inc.
B. Braun Melsungen AG
Boston Scientific Corporation
ChoiceSpine LLC
DePuy Synthes
Globus Medical, Inc.
Integra LifeSciences Corporation
Medtronic plc
Nuvasive, Inc.
Orthofix Medical Inc.
RTI Surgical
Stryker Corporation
Zimmer Biomet Holdings, Inc.
Interventional Spine Industry News:
In February 2024, Boston Scientific received FDA approval for its Wavewriter Alpha Spinal Cord Stimulator (SCS) Systems for the treatment of non-surgical back pain. This approval expands the indication for use of the SCS systems to include chronic back pain without prior back surgery. The multipurpose use of the device may attract the attention of healthcare professionals and may achieve better revenue results for the company.
In September 2022, Stryker Corporation received FDA clearance for its OptaBlate Bone Tumor Ablation System, which provides a minimally invasive approach to pain relief for patients suffering from debilitating bone tumors. This approval expanded the company’s interventional spine portfolio and may enable a greater market positioning to the company.
Interventional spine market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments:
to Buy Section of this Report
Market, By Product
Thoracic fusion and lumbar fusion devices
Posterior thoracic fusion and lumbar fusion devices
Interbody thoracic fusion and lumbar fusion devices
Anterior thoracic fusion and lumbar fusion devices
Cervical fusion devices
Anterior cervical fusion devices
Posterior cervical fusion devices
Vertebral compression fracture treatment devices
Balloon kyphoplasty devices
Vertebroplasty devices
Spine biologics
Demineralized bone matrix
Bone morphogenetic proteins
Bone substitutes
Machined bones
Cell-based matrices
Allograft bone
Spinal decompression devices
Discectomy
Laminoplasty, laminectomy, and laminotomy
Foraminotomy & foraminectomy
Facetectomy
Corpectomy
Non-fusion devices
Dynamic stabilization
Artificial discs replacement
Artificial cervical disc
Artificial lumbar disc
Annulus repair devices
Nuclear disc prostheses
Spine bone stimulators
Noninvasive spine bone stimulators
Pulsed electromagnetic field devices
Capacitive coupling (CC) devices
Combined (electro) magnetic field (CMF) devices
Invasive spine bone stimulators
Market, By Application
Spinal fusion and fixation
Vertebral compression fracture treatment
Motion preservation/non-fusion
Spinal decompression
Market, By Surgery Type
Open surgeries
Minimally invasive surgeries
Market, By End-use
Hospitals
Specialty clinics
Ambulatory surgical centers
Other end-users
The above information is provided for the following regions and countries:
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East and Africa
Saudi Arabia
South Africa
UAE
Rest of Middle East and Africa
Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :
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.
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.
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.
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.