Advancements in navigation and imaging technologies are key drivers of innovation in the global spinal fusion market, significantly improving surgeons’ ability to pinpoint the cause of back pain and visualise the surgical site during procedures, thus enhancing the accuracy of spinal fusion surgeries. Presently, pedicle screw systems account for the largest share of the global market. However, interbody devices, especially those made from polyether ether ketone (PEEK), are rapidly gaining traction, and are poised to dominate the market, according to GlobalData, a leading data and analytics company.
According to GlobalData, interbody devices have shown steady growth in recent years, with devices using PEEK technology showing the strongest growth. This trend is expected to continue, with the global PEEK interbody market registering a compound annual growth rate (CAGR) of 5.9% during 2023-2033.
Go deeper with GlobalData
In comparison, the overall global spinal fusion market is predicted to experience a CAGR of 2.3% over the same period, indicating relatively strong growth for PEEK interbody devices. These projections suggest that while traditional devices maintain their impact on the market, interbody devices will play an increasingly significant role in shaping the future of spinal fusion.
Spinal fusion is primarily used to decompress and stabilise the spine in the lumbar, cervical, and thoracic regions. Indications for spinal fusion include conditions such as degenerative disc disease, spondylolisthesis, spinal stenosis, scoliosis, trauma, and spinal tumours. Lumbar fusions dominate the market, with more than half of the patients being over the age of 50.
The growth in the global spinal fusion market is driven by the increase in the elderly population, particularly in North America. In the US, around 35% of the population is over the age of 50, and spinal fusion procedures are most prevalent among this demographic. With evolving demographics driving the spinal fusion market, developing technologies will define the leading devices in the market.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
