In 2021, global demand for spinal osteosynthesis units is expected to reach around US$ 2.8 billion. Furthermore, with a rapid increase in the number of spinal surgeries and an increasing incidence of spinal conditions such as lumbar spondylosis, scoliosis, and fractures, the market is expected to grow at a 4.8% CAGR between 2022 and 2032, surpassing US$ 3.9 Billion by 2032.
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Spinal osteosynthesis units are devices or equipment used for spine fixation, such as thoracolumbar osteosynthesis units and lumbar spinal osteosynthesis units. They are increasingly being used during spinal surgeries to correct deformities caused by injuries or diseases.
Rising prevalence of spinal cord injuries is playing a key role in driving the growth of spinal osteosynthesis units market. According to the World Health Organization (WHO), around 250000 to 500000 people suffer from spinal cord injury due to road crashes, diseases, falls and violence. Majority of these injuries cannot be properly treated with medications, and often requires surgery indirectly boosting the growth of the spinal osteosynthesis units market.
Similarly, the increasing popularity of minimally invasive spine procedures, a rapidly growing geriatric population, and the implementation of favourable reimbursement policies will all contribute to the growth of the spinal osteosynthesis units market during the forecast period.
Key Players
Some of the key players present in global spinal osteosynthesis units market are Medtronic, Stryker, Johnson & Johnson, Zimmer Biomet, NuVasive, B. Braun, Globus Medical, Alphatec, Orthofix, Xtant Medical, Wego, MicroPort, RTI Surgical, Integra LifeSciences, Ulrich Medical and others.
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Segmentation
The global Spinal Osteosynthesis Units market is segmented by product type, surgical approach, patient type, end user, and regions:
Spinal Osteosynthesis Units Segmentation by Product Type
- Thoracolumbar Osteosynthesis Unit
- Lumbar Spinal Osteosynthesis Unit
- Lumbosacral Osteosynthesis Unit
- Thoracolumbosacral Osteosynthesis Unit
- Occipitocervicothoracic Osteosynthesis Unit
- Cervical Thoracic Lumbo Sacral Osteosynthesis Unit
Spinal Osteosynthesis Units Segmentation by Surgical Approach
- Posterior
- Anterior
- Lateral
Spinal Osteosynthesis Units Segmentation by Patient Type
- Adult
- Pediatric
Spinal Osteosynthesis Units Segmentation by End User
- Hospital
- Specialty Clinic
- Others
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