Sacroiliac Joint Fusion Market Size, Share & Trends Report

Sacroiliac Joint Fusion Market Size, Share & Trends Analysis Report By Indication (Degenerative Sacroiliitis, Sacral Disruption), By Treatment Type (Surgery, Injections), By End-user, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-4-68039-805-9
  • Number of Report Pages: 162
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2022
  • Forecast Period: 2024 - 2030 
  • Industry: Healthcare

Research Methodology

A three-pronged approach was followed for deducing the sacroiliac joint fusion market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for sacroiliac joint fusion market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of sacroiliac joint fusion market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Sacroiliac Joint Fusion Market Categorization:

The sacroiliac joint fusion market was categorized into four segments, namely indication (Degenerative Sacroiliitis, Sacral Disruption, Trauma), treatment type (Surgery, Injections, RF Ablation), end-user (Hospitals, Ambulatory Surgical Centers), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The sacroiliac joint fusion market was segmented into indication, treatment type, end-user, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The sacroiliac joint fusion market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-three countries, namely, the U.S.; Canada; the UK.; Germany; France; Italy; Spain; Denmark; Sweden; Norway; Japan; China; India; Australia; Thailand; South Korea; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; Kuwait.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Sacroiliac joint fusion market companies & financials:

The sacroiliac joint fusion market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • SI-BONE, Inc. - SI-BONE is a medical devices company specializing in advancing tools and solutions for individuals suffering from low back problems associated with specific sacroiliac joint disorders. The company designs, produces, and promotes minimally invasive products tailored to address the needs of patients dealing with sacroiliac joint issues. Among its notable offerings, the iFuse Implant System was developed to facilitate sacroiliac fusion, particularly for conditions stemming from sacroiliac joint disruption and degenerative sacroiliitis.

  • PainTEQ - PainTEQ is a private company operating in the North American region, which develops and distributes medical devices. The company offers products, services, and solutions for interventional pain management. It specializes in pain management devices, medical devices, and spine implants and offers a comprehensive product portfolio globally.

  • CornerLoc - CornerLoc is a privately operated company engaged in hospital and healthcare business. It develops, manufactures, and markets medical devices for numerous interventional medical specialties. The company offers a diverse product portfolio of medical devices. It specializes in sacroiliac joint stabilization and fusion implants. A group of medical innovators formed CornerLoc in 2017 and launched a new product, CornerLoc SI Joint Fusion System.

  • SIGNUS Medizintechnik GmbH - SIGNUS Medizintechnik provides comprehensive solutions for the surgical spine care industry. The company provides a diverse product portfolio, including products related to cervical spine, across the globe. In addition, it offers accessible customer support channels via email and telephone for seamless assistance & communication.

  • Globus Medical - Globus Medical, Inc. is a medical devices company specializing in creating, advancing, and distributing musculoskeletal implants tailored to facilitate healing in individuals suffering from spine disorders. The company's product portfolio is divided into two distinct categories: Innovative Fusion and Disruptive Technologies. Under the Innovative Fusion category, its products find application in various procedures, including cervical, thoracolumbar,sacral, interbody, & corpectomy fusion, to address conditions like degenerative disorders, deformity, tumors, and trauma.

  • Orthofix Medical -Orthofix Medical, Inc. is a publicly operated multinational company engaged in developing medical devices. The company offers a comprehensive product portfolio in more than 70 countries, but operates majorly in the U.S. market. It specializes in pediatrics, limb reconstruction, biologics, spine fixation, fracture management, bone growth therapies, extremity fixation products, etc.

  • Life Spine, Inc. -Life Spine, Inc. is a private company that develops medical devices. It focuses on launching innovative technologies in the neurosurgery and orthopedics segments. The company’s products are designed to help professionals increase procedural efficacy. It specializes in spinal technology, spine, spine health, microinvasive technology, and others.

  • Camber Spine Technologies, LLC -It is a privately operated company that develops medical devices. The company offers 20 products with FDA clearance and an IP-protected device platform, which supports faster spinal fusion & recovery. The company specializes in neurosurgery, spine implants, spine surgery, and spinal instrumentation.

  • CoreLink Surgical - CoreLink Surgical is a global manufacturer and supplier of surgical implant systems to surgeons and their teams. The company specializes in spinal implant systems, surgical implant designs, precision manufacturing, and medical devices. Zavation Medical Products, LLC acquired the company in June 2023.

  • Xtant Medical - Xtant Medical develops & markets regenerative medicine products and medical devices. Its product range is designed to cater to the unique requirements of orthopedic & neurological surgeons, encompassing orthobiologics to facilitate bone healing, implants, & instrumentation for spinal disease treatment and tissue grafts for orthopedic disorders, as well as biologics to support healing in cranial and foot & ankle surgeries. The company acquired Surgalign Holdings in August 2023, under the supervision of a bankruptcy court, for a total of USD 5 million in a fully cash-based transaction.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Sacroiliac Joint Fusion Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Sacroiliac Joint Fusion Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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