Thoracolumbar Spine Devices Market By Type (Spinal Devices and Instrumentation, Spinal Implants, and Spine Biologics), By Procedure (Open Surgery and Minimally Invasive Surgery (MIS), By End User (Hospitals, Clinics, Ambulatory Surgery Centers, and Others), Industry Trends, Estimation & Forecast, 2023-2030

Market Definition

The thoracolumbar spine is the upper and middle back. Thoracolumbar spine devices are used in thoracolumbar spine stabilization and treatment of several diseases such as spinal stenosis, disc herniation, spinal instability, degenerative disc disease (DDD), excessive kyphosis, and prolapsed intervertebral disc.

The Thoracolumbar Spine Devices market was valued at 6 billion US$ in 2022 and is projected to reach 10.9 billion US$ by 2030, at a CAGR of 7.9% during the forecast period.

Market Dynamics

The rising incidence of spinal cord injuries (SCI) is a key driving factor of the market. Most of the spinal cord injuries are due to road traffic crashes, falls, or violence. According to the World Health Organization (WHO), globally, between 250,000 and 500,000 people suffer a spinal cord injury (SCI) each year. According to the National SCI Statistical Center (NSCISC), around 17,730 new spinal cord injuries cases occur each year. In the United States, between 249,000 and 363,000 people are living with SCI till 2019. Approximately 291,000 Americans are suffering from spinal cord injuries in 2019. According to the National Spinal Cord Injury Statistical Center, in 2019, 39.3% of Vehicular accidents, 31.8% Falls, 13.5% primarily gunshot wounds, 8.0% of Sports/Recreation Activities, 4.1% of Medical/Surgical, 3.1% of others has caused spinal cord injuries (SCI) in the United States. However, risks associated with spine devices might hamper the market growth. The rising product recall of spine devices due to the complication during and after surgery has increased the risk for the thoracolumbar spine devices market. For instance, Stryker has recalled its Tritanium posterior lumbar (PL) cage, due to the reports of cage fractures occurring intraoperatively and postoperatively. Pieces of the posterior lumbar cage are fracturing during and after surgical implantation, which puts patients at risk for medical complications. Moreover, the rising demand for minimally invasive surgical procedures would provide lucrative opportunities for the market in the coming years.

Market Segmentation

The global thoracolumbar spine devices market is mainly classified based on type, procedure, and end-user. Type is further segmented into Spinal Devices and Instrumentation, Spinal Implants, and Spine Biologics. By procedure, the market is divided into Open Surgery and Minimally Invasive Surgery (MIS). By end-user, the market is further divided into Hospitals, Clinics, Ambulatory Surgery Centers, and Others.

Spinal implants showed significant growth in 2019, owing to the increasing regulatory approval for thoracolumbar spine devices, strategic acquisition between companies to increase their presence in the market, technological advancement, increasing R&D activities related to thoracolumbar spine devices, and commercialization of new thoracolumbar spine devices. For instance, Xenco Medical has introduced the first injection-molded titanium foam spinal implants pre-attached to disposable, the CancelleX porous titanium lumbar interbodies. Xenco Medical’s CancelleX lumbar interbodies provides interconnected porosity throughout each implant and introduce new ground in the application of injection molding for the manufacturing of titanium spinal implant. It is designed to promote bone apposition and facilitate vascularization.

Regional Analysis

Based on geography, the global thoracolumbar spine devices market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided in the U.S., Canada, and Mexico, whereas Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America was dominating the thoracolumbar spine devices market in 2019, due to the rising prevalence of spinal cord injuries (SCI). Around 54 per million population suffer from spinal cord injuries in the United States each year. Moreover, the commercialization of regulatory approved thoracolumbar spine devices, technological advancement, and strategic acquisition between companies to strengthen their market presence is boosting the market demand. For instance, DePuy Synthes Products, Inc., has acquired Interventional Spine, Inc., a manufacturer of the expandable cage and minimally invasive surgery (MIS) technologies for spinal fusion. The acquisition of Interventional Spine has expanded gage technology to accelerate growth in the spine.

Competitive landscape

Major players operating in the thoracolumbar spine devices industry include DePuy Synthes, Medtronic, RTI Surgical Holdings, Inc., Stryker, Alliance Spine, Zimmer Biomet, Life Spine, Inc., Globus Medical, NuVasive, Aesculap Implant Systems, LLC.

Commercialization of new thoracolumbar spine devices, technological advancement, strategic acquisition between companies to strengthen their market presence, increasing R&D activities related to thoracolumbar spine devices and increasing regulatory approval for thoracolumbar spine devices are some of the strategies adopted by the major companies. For instance, Centinel Spine, LLC, has received the U.S. Food and Drug Administration approval for two-level indications for the prodisc L Lumbar Total Disc Replacement (TDR) system. Centinel Spine is the only company with an FDA-approved lumbar TDR device that has been clinically approved and found safe and effective for two-level use.

Thoracolumbar Spine Devices Market Key Segments:

By Type
• Spinal Devices and Instrumentation
• Spinal Implants
• Spine Biologics

By Procedure
• Open Surgery
• Minimally Invasive Surgery (MIS)

By End User
• Hospitals
• Clinics
• Ambulatory Surgery Centers
• Others

Key Global Thoracolumbar Spine Devices Industry Players
• DePuy Synthes
• Medtronic
• RTI Surgical Holdings, Inc.
• Stryker
• Alliance Spine
• Zimmer Biomet
• Life Spine, Inc.
• Globus Medical
• NuVasive
• Aesculap Implant Systems, LLC.

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Thoracolumbar Spine Devices Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Rising Incidence of Spinal Disorders and Spinal Cord Injuries (SCI)
3.4. Restraints
3.4.1. Risks Associated with Spine Devices
3.5. Opportunity
3.5.1. Rising Demand for Minimal Invasive Surgical Procedures
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Spinal Devices and Instrumentation
4.2.1. Market Size & Forecast
4.3. Spinal Implants
4.3.1. Market Size & Forecast
4.4. Spine Biologics
4.4.1. Market Size & Forecast

5. Procedure Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Open Surgery
5.2.1. Market Size & Forecast
5.3. Minimally Invasive Surgery (MIS)
5.3.1. Market Size & Forecast

6. End User Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. Hospitals
6.2.1. Market Size & Forecast
6.3. Clinics
6.3.1. Market Size & Forecast
6.4. Ambulatory Surgery Centers
6.4.1. Market Size & Forecast
6.5. Others
6.5.1. Market Size & Forecast

7. Thoracolumbar Spine Devices Market Regional Overview
7.1. Introduction
7.1.1. Market Size & Forecast
7.2. North America Thoracolumbar Spine Devices Market
7.2.1. North America Market Size & Forecast, By Country
7.2.2. North America Market Size & Forecast, By Type
7.2.3. North America Market Size & Forecast, By Procedure
7.2.4. North America Market Size & Forecast, By End User
7.2.5. U.S.
7.2.5.1. Market Size and Forecast
7.2.6. Canada
7.2.6.1. Market Size and Forecast
7.2.7. Mexico
7.2.7.1. Market Size and Forecast
7.3. Europe Thoracolumbar Spine Devices Market
7.3.1. Europe Market Size & Forecast, By Country
7.3.2. Europe Market Size & Forecast, By Type
7.3.3. Europe Market Size & Forecast, By Procedure
7.3.4. Europe Market Size & Forecast, By End User
7.3.5. Germany
7.3.5.1. Market Size and Forecast
7.3.6. France
7.3.6.1. Market Size and Forecast
7.3.7. UK
7.3.7.1. Market Size and Forecast
7.3.8. Italy
7.3.8.1. Market Size and Forecast
7.3.9. Spain
7.3.9.1. Market Size and Forecast
7.3.10. Rest of Europe
7.3.10.1. Market Size and Forecast
7.4. Asia-Pacific Thoracolumbar Spine Devices Market
7.4.1. Asia-Pacific Market Size & Forecast, By Country
7.4.2. Asia-Pacific Market Size & Forecast, By Type
7.4.3. Asia-Pacific Market Size & Forecast, By Procedure
7.4.4. Asia-Pacific Market Size & Forecast, By End User
7.4.5. Japan
7.4.5.1. Market Size and Forecast
7.4.6. China
7.4.6.1. Market Size and Forecast
7.4.7. Australia
7.4.7.1. Market Size and Forecast
7.4.8. India
7.4.8.1. Market Size and Forecast
7.4.9. South Korea
7.4.9.1. Market Size and Forecast
7.4.10. Rest of Asia-Pacific
7.4.10.1. Market Size and Forecast
7.5. South America Thoracolumbar Spine Devices Market
7.5.1. South America Market Size & Forecast, By Country
7.5.2. South America Market Size & Forecast, By Type
7.5.3. South America Market Size & Forecast, By Procedure
7.5.4. South America Market Size & Forecast, By End User
7.5.5. Brazil
7.5.5.1. Market Size and Forecast
7.5.6. Argentina
7.5.6.1. Market Size and Forecast
7.5.7. Rest of South America
7.5.7.1. Market Size and Forecast
7.6. Middle East & Africa Thoracolumbar Spine Devices Market
7.6.1. Middle East & Africa Market Size & Forecast, By Country
7.6.2. Middle East & Africa Market Size & Forecast, By Type
7.6.3. Middle East & Africa Market Size & Forecast, By Procedure
7.6.4. Middle East & Africa Market Size & Forecast, By End User
7.6.5. GCC Countries
7.6.5.1. Market Size and Forecast
7.6.6. Egypt
7.6.6.1. Market Size and Forecast
7.6.7. South Africa
7.6.7.1. Market Size and Forecast
7.6.8. Rest of Middle East & Africa
7.6.8.1. Market Size and Forecast

8. Company Profile
8.1. DePuy Synthes
8.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
8.1.2. DePuy Synthes Product Category, Application, and Specification
8.1.3. DePuy Synthes Financial Performance (2016-2018)
8.1.4. Main Business/Business Overview
8.2. Medtronic
8.3. RTI Surgical Holdings, Inc.
8.4. Stryker
8.5. Alliance Spine
8.6. Zimmer Biomet
8.7. Life Spine, Inc.
8.8. Globus Medical
8.9. NuVasive
8.10. Aesculap Implant Systems, LLC.