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Spinal Fusion Device Market Trends

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

Spinal Fusion Device Market Trends

The spinal fusion device industry has witnessed significant technological advancements in recent years, with notable examples including the adoption of healthcare 3D printing and nanotechnology applications. These technologies are driving innovation in device design and manufacturing, emerging as primary trends shaping the market's trajectory.
 

  • The latest technological advancement in spinal fusion devices involves the utilization of 3D printing technology. This innovation enables the development of customized spinal implants that perfectly tailors to the patient's anatomy, leading to enhanced surgical outcomes. For instance, Orthofix Medical recently introduced a new 3D printed lumbar device designed for posterior lumbar interbody fusion (PLIF) surgeries. This device incorporates a complex 3D printed geometry and a porous surface, facilitating optimal integration with the surrounding bone. Such advancements highlight the transformative potential of 3D printing in the field of spinal fusion devices, offering tailored solutions for individual patients and driving increased demand for these innovative technologies.
     
  • Additionally, ongoing research is focused on optimizing spinal fusion devices through the application of nanotechnology. For example, efforts are underway to develop nanocoatings for spinal implants, aimed at reducing wear debris generation and enhancing bone ingrowth by modifying surface properties. Moreover, researchers have created a nanocomposite material comprising polymer scaffolds embedded with silver nanoparticles, demonstrating promising results in preventing bacterial colonization and biofilm formation on spinal implants. These innovative technologies represent the forefront of advancements in spinal fusion devices, poised to elevate their popularity and drive increased demand.
     
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of spinal fusion device was reached USD 8.4 billion in 2023 and is expected to reach around USD 12.9 billion by 2032, driven by increasing incidence of spinal diseases.

The degenerative disc segment was valued at around USD 4 billion in 2023 and is set to gain traction by 2032, driven by an ageing population who are more susceptible to this disease, and the demand for treatment options.

North America spinal fusion device market accounted for over USD 4.4 billion in 2023 and is predicted to witness substantial growth over 2024 and 2032, driven by a significant proportion of elderly individuals, along with a high prevalence of motor vehicle accidents as well as sports injuries.

Alphatec Holdings, Inc., B. Braun Melsungen AG, ChoiceSpine LLC, Globus Medical Inc., Johnson& Johnson (Depuy Synthes), Medtronic plc, NuVasive, Inc., Orthofix Medical Inc., and SeaSpine Holdings Corporation are some of the major industry contenders.

Spinal Fusion Device Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 406
  • Countries covered: 22
  • Pages: 230
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