Spinal Implants And Devices Market Size, Share & Trends Report

Spinal Implants And Devices Market Size, Share & Trends Analysis Report By Product (Spinal Fusion Devices, Spinal Biologics), By Technology, By Surgery Type, By Procedure Type, By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-031-6
  • Number of Report Pages: 100
  • Format: PDF, Horizon Databook
  • Historical Range: 2018 - 2023
  • Forecast Period: 2024 - 2030 
  • Industry: Healthcare

Research Methodology

A three-pronged approach was followed for deducing the spinal implants and devices 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 spinal implants and devices 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 spinal implants and devices 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.

Spinal Implants And Devices Market Categorization:

The spinal implants and devices market was categorized into five segments, namely product (Spinal Fusion Devices, Spinal Biologics, Vertebral Compression Fracture Treatment Devices, Non-fusion Devices, Spinal Bone Growth Stimulators), technology (Spinal Fusion and Fixation Technologies, Vertebral Compression Fracture Treatment, Motion Preservation Technologies), surgery type (Open Surgery, Minimally Invasive Surgery), procedure type (Discectomy, Laminotomy, Foraminotomy, Corpectomy, Facetectomy), and region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).

Segment Market Methodology:

The spinal implants and devices market was segmented into product, technology, surgery type, procedure type, 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 spinal implants and devices market was analyzed at a regional level. The globe 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-four countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; Russia; Sweden; Denmark; Norway; China; Japan; India; Australia; South Korea; Singapore; 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.

Spinal implants and devices market companies & financials:

The spinal implants and devices 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:

  • Medtronic - Medtronic is one of the leading global medical device producers. The company’s operational and executive headquarters are situated in Minneapolis; Minnesota, while its legal headquarters are in Ireland owing to its acquisition of an Irish-based company in back in 2015. Medtronic, formed in 1949, is actively operational in nearly 155 countries spreading its presence to approximately 260 locations worldwide. Biomedical Engineering is Medtronic's most significant expertise. It facilitates research, manufactures, and sells of medical equipment benefiting human health relating to this particular domain. The key research areas of Medtronic are cardiovascular, cardiac rhythm, diabetes, ENT, gastrointestinal health, neurology, orthopedics, and urology. Spinal and Biologics is Medtronic’s huge business headquartered in the U.S. with an extensive global presence. The major product lines of this business are minimal access spine technologies, fusion systems, artificial cervical discs, and infuse bone grafts. Through their business, they claim to engineer extraordinary ground-breaking healthcare technology solutions for some of the most complex and challenging health conditions; which they believe inspires hope and new possibilities in people all over the world.

  • DePuy Synthes Companies - Founded in 1895 in Warsaw, Indiana, DePuy was originally in the business of designing and building fiber splints to replace wooden barrel staves that were used to set fractures back then. Now headquartered in Raynham, MA, U.S., the first orthopaedic company, which revolutionized how the way to treat orthopaedic injuries, was acquired by Johnson & Johnson in 1998. This led to formation of the Johnson & Johnson Medical Devices group. Post this acquisition, it formed a merger with Synthes, Inc. which resulted in its current form of DePuy Synthes. Now, DePuy Synthes Spine has its utmost focus on designing, manufacturing, marketing, and distributing spinal care products. Its key areas of interest include the thoracolumbar, cervical, aging spine, interbody fusion arthroplasty, and minimally invasive surgery. The principal locations of their business are the UK, Japan, France, Germany, Ireland, and Australia.

  • Stryker - Stryker is a multinational medical technologies corporation headquartered in Kalamazoo, Michigan, U.S. with a presence across the world including regions such as the Americas, Asia Pacific, Europe, the Middle East & Africa. It has 31 operational locations in Europe, 15 in the Middle East & Africa, more than 13 in the Americas, and 12 in the Asia Pacific region.The company operates in approximately 100 countries and currently, and its focus is on expanding its business in the imminent economies such as India, China, Brazil, Turkey, and Russia. Stryker's key research areas are orthopaedics, medical and surgery, neuro-technology, and spine-related health issues. Stryker has a wide range of spinal care portfolios which includes implants and instruments for cervical, lumbar, and thoracic spine disorders, vertebral augmentation, radiofrequency ablation procedures, and decompression treatment and vertebroplasty. Stryker, which claims to have innovation in its DNA, has been concentrating on developing new spine offerings related to complex and minimally invasive segments.

  • NuVasive, Inc. - NuVasive, Inc. is one of the largest global medical devices manufacturer based in San Diego, California. Founded in 1997, NuVasive, Inc. primarily develops medical devices and procedures that are mainly used in minimally invasive spine surgery. It also offers surgeon training to develop their technical competencies at their ultimate superiority and provide patients with enhanced medical care. They have a wide range of products which includes thoracic, lumbar, and cervical applications. NuVasive, Inc. also provides neuromonitoring services and services related to biologics. According to the 2016 updates, most of the NuVasive, Inc. products were patented, which include the following product lines: Affix, Armada, AttraX, Bendini, and Brigade. NuVasive operates in three business segments including Spine, Orthopedics (NuVasive Specialized Orthopedics), and Neuromonitoring (NuVasive Clinical Services). On September 1st, 2023, it announced completion of its merger with Globus Medical. In past, NuVasive has acquired Biotronic NeuroNetwork, Ellipse Technologies, Vertera Spine, SafePassage, and Simplify Medical.

  • Zimmer Biomet - Zimmer Biomet, which is now a publicly traded medical device company, was established in 1927 as an aluminium splint manufacturing company. As of 2016, it has become one of the largest key players in the orthopaedics and joint replacement market. Zimmer Biomet is a medical devices manufacturer headquartered in the U.S. with worldwide operations in more than 40 countries and it sells its products in more than 100 countries. In 2014, it started the acquisition of Biomet Inc. which was completed in June 2015. Zimmer Biomet Holdings spine solutions mainly focus on thoracolumbar, biologics, cervical fixation, and minimally invasive surgery product portfolio. The company markets more than 100,000 products. Their foremost subsidiaries are Biomet, Zimmer GmbH, Zimmer, Inc., Zimmer Switzerland Holdings, Zimmer Spine, Inc., etc. In 2016, the company was recognized on the list of Fortune 500 companies. In the recent past, it has acquired companies such as Ortho Transmission, LLC; Cayenne Medical, Inc; LDR Holding Corporation; CD Diagnostics; Clinical Graphics, B.V.; Embody, Inc.

  • Globus Medical, Inc - Globus Medical, Inc. is one of the leading medical device manufacturers with the goal of improving the quality of life for care-seekers related to musculoskeletal disorders. They are believed to be very proficient in designing, manufacturing, and marketing of musculoskeletal implants. The key research areas of the company are basic science research, which deals with surgical and other treatment options for spine disorders, and clinical research studies as well. Globus Medical, Inc. has recently designed a multifunctional robotics and navigation system that aims to improve accuracy and patient care. They claim it is the most comprehensive platform for imaging versatility.They work with hospitals, surgeons, educators, researchers, and volunteers in order to respond to the needs of surgeons and patients through various ways including education, research, and international outreach. The Musculoskeletal Education and Research Centre of Globus Medical, Inc. collaborates with highly skilled professionals to conduct global programs with a key objective of training surgeons about the safe and effective use of spine care solutions. The patented products of Globus Medical, Inc. are Affirm, Altera, Assure, Beacon, Caliber, etc.

  • Alphatec Spine, Inc. - Alphatec Spine, Inc.; also known as ATEC is a global medical device manufacturer with its headquarters in the United States. They claim that they are not just a medical device company but an Organic Innovation Machine. Alphatec Spine has its chief subsidiaries in the countries like UK, Japan, Italy, Germany, and Brazil. Their primary procedural offerings include Anterior Cervical Discectomy and Fusion, Posterior Cervical Fusion, Anterior Lumbar Interbody Fusion, Prone Transpsoas, Lateral Transpsoas, Transforaminal Lumbar Interbody Fusion, Posterior Lumbar Interbody Fusion, and Posterior Fixation. Also, in terms of EOS, it provides offerings such as standardized imaging, quantified global alignment, and 3D surgical planning tools. With the use of advanced technology, ALTEC aims to achieve greater clinical predictability. Also, it focuses on attaining the basic goals of spine surgeries through its offerings which are decompression, stabilization, and alignment. ALTEC’s newest technology advanced is regarding innovation leading to the integration of navigation and robotics in spine workflow, also in relation to this effort, they have acquired REMI Robotic Navigation System recently.

  • Orthofix Holdings, Inc - Initially founded in Verona, Italy, around 1980 and now headquartered in Lewisville, Texas, Orthofix is one of the leading medical device manufacturers with a distribution network in 68 countries worldwide. Earlier it started as an axial frame device maker and now it provides a wide and diverse range of offerings such as spine solutions, biologics, bone growth therapies, digital healthcare, and orthopedic solutions. Biologics, BioStim, extremity fixation, and spine fixation can be considered as significant expertise of the company. Orthofix Holdings, Inc. entering into a partnership with the Musculoskeletal Transplant Foundation, Orthopaedic Research and Education Foundation, and a few other organizations of a similar nature to strengthen their research and development activities. Orthofix has two major training centers, namely The Orthofix Center and The Orthofix Education Center based in the U.S. and Italy, respectively. They are dedicated to educating surgeons about the safe and effective use of new techniques in spine care. Though the U.S. has always been their prime market region, they did not have an established presence in the states. In 1995, they acquired American Medical Electronics Inc. (AME) which later led to the substantial presence of Orthofix in the region.

  • LDR Holding Corporation - LDR Holding Corporation is in the business of designing, manufacturing, marketing and commercializing medical devices and advanced surgical technologies that are used in the treatment of patients suffering from spine-related health issues and injuries. in more than 30 countries. The core competency of the company focuses on the development of cutting-edge technologies for spine care. The major business segments of the company are thoracolumbar, cervical, and bone substitutes. LDR Holding Corporation also deals with the neurosurgical market. VerteBridge Fusion and Mobi non-fusion are the two major product platforms. LDR’s Mobi-C Cervical Disc Replacement Device is the first and only FDA-approved cervical plate used to treat both single-level and double-level cervical diseases. With expertise in making Mobi-C cervical disc replacement and Mivo lumbar and cervical fusion devices, the company has been distributing its products across the world in more than 30 countries. Since its foundation, LDR has experienced rapid growth owing to factors such as product portfolio expansion and an increasingly global presence.

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

Spinal Implants And Devices 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 2023, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Spinal Implants And Devices 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.

What questions do you have? Get quick response from our industry experts. Request a Free Consultation



This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.



We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.

Contact us now to get our best pricing.

esomar icon

ESOMAR certified & member


ISO Certified

We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure. For more details, please read our privacy policy.

great place to work icon