USA Spinal Surgery Devices Market Overview
According to SPER Market Research, the USA Spinal Surgery Devices Market is estimated to reach USD XX billion by 2033 with a CAGR XX%.
The spine is the main support structure for the head, neck, and back of the human body, and spinal surgery devices are medical tools and instruments used by surgeons to treat conditions relating to the spine. The purpose of these tools is to assist the surgeon in carrying out various spine procedures, such as treating a herniated disc, joining two or more vertebrae, or removing broken bones or soft tissue. Devices for spinal surgery may include specialised surgical tools like forceps, retractors, drills, and screws that hold the vertebrae in place while the procedure is being done. In order to add more stability and support to the spine, some of the devices may also include implants like rods, plates, and cages.
Exploring the Growth Drivers of the USA Spinal Surgery Devices Industry
Several driving factors have an impact on the spinal surgery device market in the USA. First off, spinal disorders like spinal stenosis, herniated discs, and degenerative disc disease are becoming more common. As a result, more spinal surgeries are being performed, which has increased demand for spinal surgery equipment. The availability of medical insurance coverage and rising healthcare costs have also made it simpler for patients to access spinal surgery tools and methods, which has raised demand. The final factor is that more people are engaging in sports and other physical activities, which has led to an increase in spinal injuries and disorders as well as a demand for the necessary equipment for spinal surgery.
What challenges does the USA Spinal Surgery Devices Market face?
There are a number of obstacles preventing the growth and development of the USA market for spinal surgery devices. First off, the market's potential for growth is constrained by the high cost of spinal surgery devices and procedures, which prevents some patients from accessing them. Second, there is a chance that spinal surgery devices could cause complications or unfavourable reactions, which could result in legal problems and closer regulatory oversight. Manufacturers may incur higher costs as a result, and the market's growth potential may be constrained. Finally, there is fierce competition for the market for spinal surgery devices, which is dominated by a few large corporations. Smaller businesses and startups find it extremely difficult to compete with these well-established players.
In what ways has the COVID-19 pandemic affected USA Spinal Surgery Devices Market?
The market for spinal surgery equipment in the USA has been significantly impacted by the COVID-19 pandemic. First, during the first wave of the pandemic, elective surgeries, including spinal surgeries, were delayed or cancelled, which decreased demand for spinal surgery equipment. Additionally, there is less demand for spinal surgeries and devices as a result of patients being less willing to undergo elective procedures due to worries about contracting COVID-19 in hospitals. Finally, the pandemic's economic effects have reduced healthcare spending, which has constrained the market's potential for expansion.
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Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Device Type
|
| Regions covered | Eastern Region, Northern Region, Southern Region, Western Region
|
| Companies Covered | B.Braun Melsungen AG(Aesculap Implant System, LLC), Bioventus LLC, Globus Medical Inc., Johnson & Johnson, Joimax GmbH, Medtronic Plc, Stryker Corporation, Zimmer Biomet Holdings Inc
|
Key Target Audience:
- Doctors
- Patients
- Hospitals
- Clinic
- Pharmaceutical Industry
USA Spinal Surgery Devices Market Segmentation:
1. By Device Type:
- USA Spinal Surgery Devices Market Value Share and Forecast, By Device Type, 2023-2033
- Spinal Decompression
- Spinal Fusion
- Fracture Repair Devices
- Arthroplasty Devices
- Non-Spinal Fusion
2. By Region:
- USA Spinal Surgery Devices Market Size and Market Share by Region (2019-2026)
- USA Spinal Surgery Devices Market Size and Market Share by Region (2027-2033)
- Eastern Region
- Northern Region
- Southern Region
- Western Region
Key Topics Covered in the Report:
- USA Spinal Surgery Devices Market Size (FY’2023-FY’2033)
- Overview of USA Spinal Surgery Devices Market
- Segmentation of USA Spinal Surgery Devices Market By Device Type (Spinal Decompression, Spinal Fusion, Fracture Repair Devices, Arthroplasty Devices, Non-Spinal Fusion)
- Statistical Snap of USA Spinal Surgery Devices Market
- Growth Analysis of USA Spinal Surgery Devices Market
- Problems and Challenges in USA Spinal Surgery Devices Market
- Competitive Landscape in the USA Spinal Surgery Devices Market
- Impact of COVID-19 and Demonetization on USA Spinal Surgery Devices Market
- Details on Recent Investment in USA Spinal Surgery Devices Market
- Competitive Analysis of USA Spinal Surgery Devices Market
- Key Players in the USA Spinal Surgery Devices Market
- SWOT Analysis of USA Spinal Surgery Devices Market
- USA Spinal Surgery Devices Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the USA Spinal Surgery Devices Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. USA Spinal Surgery Devices Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in USA Spinal Surgery Devices Market
7. USA Spinal Surgery Devices Market, By Device Type (USD Million)
7.1. USA Spinal Surgery Devices Market Value Share and Forecast, By Device Type, 2023-2033
7.2. Spinal Decompression
7.2.1. Corpectomy
7.2.2. Discectomy
7.2.3. Facetectomy
7.2.4. Foraminotomy
7.2.5. Laminotomy
7.3. Spinal Fusion
7.3.1. Cervical Fusion
7.3.2. Interbody Fusion
7.3.3. Thoracolumbar Fusion
7.3.4. Scolliosis Fusion
7.4. Fracture Repair Devices
7.5. Arthroplasty Devices
7.6. Non-Spinal Fusion
8. USA Spinal Surgery Devices Market Forecast, 2019-2033 (USD Million)
8.1. USA Spinal Surgery Devices Market Size and Market Share
9. USA Spinal Surgery Devices Market, By Device Type, 2019-2033 (USD Million)
9.1. USA Spinal Surgery Devices Market Size and Market Share by Device Type (2019-2026)
9.2. USA Spinal Surgery Devices Market Size and Market Share by Device Type (2027-2033)
10. USA Spinal Surgery Devices Market, By Region, 2019-2033 (USD Million)
10.1. USA Spinal Surgery Devices Market Size and Market Share by Region (2019-2026)
10.2. USA Spinal Surgery Devices Market Size and Market Share by Region (2027-2033)
10.3. Eastern Region
10.4. Northern Region
10.5. Southern Region
10.6. Western Region
11. Company Profile
11.1. B.Braun Melsungen AG(Aesculap Implant System, LLC)
11.1.1. Company details
11.1.2. Financial outlook
11.1.3. Product summary
11.1.4. Recent developments
11.2. Bioventus LLC
11.2.1. Company details
11.2.2. Financial outlook
11.2.3. Product summary
11.2.4. Recent developments
11.3. Globus Medical Inc.
11.3.1. Company details
11.3.2. Financial outlook
11.3.3. Product summary
11.3.4. Recent developments
11.4. Johnson & Johnson
11.4.1. Company details
11.4.2. Financial outlook
11.4.3. Product summary
11.4.4. Recent developments
11.5. Joimax GmbH
11.5.1. Company details
11.5.2. Financial outlook
11.5.3. Product summary
11.5.4. Recent developments
11.6. Medtronic Plc
11.6.1. Company details
11.6.2. Financial outlook
11.6.3. Product summary
11.6.4. Recent developments
11.7. Stryker Corporation
11.7.1. Company details
11.7.2. Financial outlook
11.7.3. Product summary
11.7.4. Recent developments
11.8. Zimmer Biomet Holdings Inc
11.8.1. Company details
11.8.2. Financial outlook
11.8.3. Product summary
11.8.4. Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
