Thoracolumbar Spine Devices Market Size, Share and Global Market Forecast to 2029 | COVID-19 Impact Analysis | DataMIntelligence

DataM Intelligence
The Global Thoracolumbar Spine Devices Market is expected to grow at a high CAGR of 7.9% during the forecasting period (2022-2029).

Market Overview

Thoracolumbar fractures are associated with disruption of the ligamentous complexes. These are breakages within the spinal column’s vertebrae within the thoracic and lumbar location, which can also result in instability or compression of neural systems. The thoracolumbar spine devices are used in this place to offer constant support to the spine and avoid bending of the thoracic backbone. These gadgets are used to deal with several disorders which include spinal stenosis, spinal instability or scoliosis, degenerative disc disease (DDD), disc herniation, prolapsed intervertebral disc, immoderate kyphosis, amongst others.

 

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Market Dynamics

The thoracolumbar spine gadgets marketplace is growing because of the growing occurrence of spinal disorders inclusive of spinal stenosis, vertebral fracture, degenerative disc disorder, excessive kyphosis, and others. There became a huge increase in lumbar backbone surgical operation globally. For example, the volume of lumbar fusion has expanded through 62.3% (or 32.1% consistent with 100,000 US adults), from 122,679 instances (60.4 in step with 100,000) in 2004 to 199,140 (79.8 in keeping with 100,000) in 2015. The increases have been highest among age 65 or older, growing 138.7% with the aid of volume (seventy three.2% by way of charge), from 98.3 per 100,000 in 2004 to a hundred and 70.3 in 2015. The maximum will increase had been for spondylolisthesis (+47,390 operations, 111%) and scoliosis (+16,129 operations, 186.6%), disc degeneration, herniation, and stenosis mixed to account for 42.3% of general non-obligatory lumbar fusions in 2015. Hence, the increasing cases of spinal issues result in an increase in the adoption of thoracolumbar devices for treatment functions.

There is an inclination towards minimally invasive surgeries (MIS) compared to open surgical treatment, as the open surgical operation is a painful method and calls for an extended sanatorium life. The shift from traditional open surgeries to minimally invasive surgical procedures has advanced patient gratification thanks to quick healing and shorter clinic stay. The increasing demand for minimally invasive backbone surgical treatment is one of the primary factors boosting the increase of the thoracolumbar spine devices market globally.

Also, the continuous advancements in the medical tool era have created the potential for efficiently treating numerous spinal issues. Medical device producers are growing new merchandise that results in progressive treatment techniques and surgical processes. For example, in August 2019, SeaSpine Holdings Corp., a worldwide scientific era organisation centred on surgical solutions for the remedy of spinal issues, released Mariner®’s MIS Posterior Fixation System. The Mariner MIS is a comprehensive, minimally invasive posterior fixation device constructed upon the Mariner platform to simplify creating an extensive range of spinal pathologies. Minimally invasive techniques are normally related to reduced blood loss, incision length, and clinic life in comparison to conventional open approaches. These advantages are expected to drive a continued shift in the direction of minimally invasive surgical operation (MIS) adoption and the associated growth of the MIS spinal implant marketplace.

 

Market Segmentation

By Product Type

l Spine Biologics

l Implants

l Instrumentation

l Others

 

By Procedure

l Minimally Invasive Surgery (MIS)

l Open Surgery

l Others

 

By Device Type

l Anterior Stabilization Device

l Retractors

l Posterior Stabilization Device

l Others

 

By Material

l Stainless Steel

l Titanium

l Others

 

By End-User

l Hospitals & Clinics

l Diagnostic Centers

l Research Centers

l Others

 

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Competitive Landscape

The thoracolumbar spine devices market is highly competitive with the presence of a large number of players, including Depuy Synthes, Medtronic Plc., B. Braun Melsungen AG, Alphatec Holdings, Inc., Globus Medical, Inc., Exactech, Inc, Stryker Corporation, Orthofix International N.V, NuVasive, Inc., and Zimmer Biomet.

The key players are adopting various growth strategies such as product launches, mergers & acquisitions, partnerships, and collaborations contributing to the growth of the thoracolumbar spine devices market globally. For instance,

In June 2019, NuVasive, Inc. launched Modulus TLIF-O, a porous titanium spine implant used under the transforaminal lumbar interbody fusion (TLIF) procedure.

In May 2019, Alphatec Holdings, Inc. launched PLIF IdentiTi-PS Porous Titanium Interbody Implant System for Posterior Lumbar Interbody Fusion Procedures (PLIFs) and its AlphaGRAFT Demineralized Bone Matrix (DBM) Fiber.

 

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