Spinal Fusion Devices Market Trends

Spinal Fusion Devices Market Drivers 

Robot Assisted Spine Fusion Surgeries to Surge the Market 

• The adoption of surgical robots within the spine arena has been an ongoing progression and today, numerous hospitals provide robotic surgical procedures across a variety of spinal conditions. We have several manufacturers that are working to develop surgical robots used in spinal fusion surgeries with the company implants and navigation systems. It also created numerous avenues for strategic partnerships and product launches, which is anticipated to fuel the growth of market. 

Rising Adoption of Spine Fusion Devices  

• Spinal arthrodesis devices market is very competitive, major companies are continuously innovating and launching new products to keep their keep their market share. Additionally, the demand for minimally invasive surgeries is escalated across the globe, which is driving the player to introduce the device particularly for a minimally invasive spinal fusion surgery. 

Spinal Fusion Devices Market Restraints 

High Setup Cost 

• High setup cost for healthcare institutions to carry out spinal fusion procedures and increase in the cost of the spinal fusion surgeries are some of the factors which will act as a huge restraint for the growth of spinal fusion market and will further challenge the growth of global spinal fusion market during the forecast period. 

Challenges with Regulation and Reimbursement  

• Major factors effecting growth of global spinal fusion devices market are unfavourable reimbursement scenarios and stringent regulatory approval procedure. The National Centre for Biotechnology Information states that the major challenge with respect to 3D-printed surgical implants of spinal fusion device is design and regulatory approval resulting in reduced availability of the product.