Global Spinal Fusion Devices Market

Global Spinal Fusion Devices Market Size, Share, Growth Analysis, By Disease(Degenerative Disc, Complex Deformity), By End-User(Hospitals and Speciality Clinics) - Industry Forecast 2023-2030


Report ID: SQMIG35A2336 | Region: Global | Published Date: July, 2023 | Pages: 157 | Tables: 61 | Figures: 75

Global Spinal Fusion Devices Market Insights

Spinal Fusion Devices Market size was valued at USD 9 billion in 2021 and is poised to grow from USD 9.49 billion in 2022 to USD 15.37 billion by 2030, growing at a CAGR of 5.5% during the forecast period (2023-2030).

The global spinal fusion devices market is a dynamic and rapidly evolving sector within the medical device industry. Spinal fusion is a surgical procedure used to treat various spinal conditions, such as degenerative disc disease, spinal deformities, and spinal instability. It involves the fusion of two or more vertebrae to stabilize the spine, alleviate pain, and restore normal spinal function. The market for spinal fusion devices has experienced significant growth in recent years, driven by factors such as an aging population, increasing prevalence of spinal disorders, advancements in surgical techniques, and the growing demand for minimally invasive procedures. The market is characterized by a wide range of devices and technologies designed to address different patient needs and surgical approaches. In recent years, there has been a shift towards minimally invasive techniques in spinal fusion surgeries. These procedures offer several advantages over traditional open surgeries, including smaller incisions, reduced tissue damage, faster recovery, and decreased post-operative complications. Consequently, the demand for minimally invasive spinal fusion devices has witnessed substantial growth. In conclusion, the global spinal fusion devices market is witnessing robust growth, driven by factors such as an aging population, increasing prevalence of spinal disorders, advancements in surgical techniques, and the growing demand for minimally invasive procedures. With ongoing technological advancements and a focus on patient-centric solutions, the market is expected to continue expanding in the coming years.

US Spinal Fusion Devices Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 9 billion

Largest Segment

Hospitals

Fastest Growth

Hospitals

Growth Rate

5.5% CAGR

Global Spinal Fusion Devices Market ($ Bn)
Country Share for North America Region (%)
Global Spinal Fusion Devices Market By End User ($ Bn)
Global Spinal Fusion Devices Market By End User(%)

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Global Spinal Fusion Devices Market Segmental Analysis

Global Spinal Fusion Devices Market is segmented by disease, end-user, and region. Based on disease, the market can be segmented into Degenerative Disc, Complex Deformity, and Trauma & Fractures. Based on end-user, the market is segmented into hospitals and speciality clinics. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Spinal Fusion Devices Market Analysis by Disease

By disease, the market can be segmented into Degenerative Disc, Complex Deformity, and Trauma & Fractures. Degenerative disc segment is the dominating segment in the market. This segment holds the largest revenue share of over 42%. Degenerative disc disease is a common condition characterized by the breakdown of intervertebral discs, leading to pain, stiffness, and reduced mobility. The prevalence of degenerative disc disease is increasing globally, primarily due to factors such as aging populations, sedentary lifestyles, and obesity. As a result, there is a growing demand for spinal fusion devices specifically designed for the treatment of degenerative disc disease. These devices include implants, bone grafts, and fixation systems that provide stability and promote fusion of the affected vertebrae. Major players in the market focus on developing innovative devices targeting degenerative disc disease, contributing to the domination of this segment.

Regarding the fastest-growing segment, the Complex Deformity segment exhibits significant growth in the global spinal fusion devices market. Complex deformities of the spine, such as scoliosis, kyphosis, and other abnormal curvatures, require specialized surgical interventions for correction and stabilization. The demand for spinal fusion devices in complex deformity cases is increasing due to factors such as advancements in surgical techniques, growing awareness and early diagnosis of these conditions, and the availability of sophisticated imaging technologies for accurate assessment. These complex deformity cases often require customized implants, instrumentation, and advanced fixation systems to achieve successful outcomes. As a result, the market for spinal fusion devices in complex deformity cases is experiencing rapid growth, with companies investing in research and development to develop specialized devices and techniques to address this segment's specific needs.

Spinal Fusion Devices Market Analysis by End-User

By end-user, the market can be segmented into hospitals and speciality clinics. The hospitals segment represents the dominating segment in the Spinal Fusion Devices market. It accounts for the largest revenue share of over 57%. Hospitals serve as major healthcare facilities where a wide range of surgical procedures, including spinal fusion surgeries, are performed. Hospitals have well-equipped operation theaters, specialized surgical teams, and access to a comprehensive range of medical devices, including spinal fusion devices. The dominance of hospitals is attributed to their ability to handle complex cases, provide comprehensive patient care, and have established referral networks. Moreover, hospitals often have strong relationships with medical device manufacturers and suppliers, allowing them to procure a variety of spinal fusion devices and implants.

In terms of the fastest-growing segment, specialty clinics are witnessing rapid growth in the spinal fusion devices market. Specialty clinics that focus specifically on orthopedic and spinal disorders provide specialized care and treatments, including spinal fusion procedures. These clinics often have a team of specialized orthopedic surgeons and advanced diagnostic equipment, enabling them to cater to a specific patient population. The growing demand for specialized care, personalized treatment plans, and outpatient procedures has fueled the expansion of specialty clinics in the market. These clinics offer a more focused and convenient healthcare experience for patients, leading to an increasing preference for spinal fusion surgeries in this setting. The trend towards ambulatory surgical centers and the emphasis on reducing hospital stays have further contributed to the rapid growth of specialty clinics in the spinal fusion devices market.

Global Spinal Fusion Devices Market By End User, 2021 (%)

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Global Spinal Fusion Devices Market Regional Insights

North America dominates the global Spinal Fusion Devices market. It holds the largest revenue share of over 41%. The region's dominance can be attributed to several factors, including a high prevalence of spinal disorders, well-established healthcare infrastructure, advanced surgical techniques, and favorable reimbursement policies. The presence of major market players and their focus on research and development activities further contribute to North America's dominance. The region benefits from a strong demand for spinal fusion devices, driven by the increasing aging population and the growing adoption of minimally invasive surgical procedures.

Asia Pacific is expected to be the fastest growing region in the global Spinal Fusion Devices market. The region has a large population base and an increasing incidence of spinal disorders, primarily due to factors such as sedentary lifestyles, changing demographics, and improved access to healthcare services. Rising healthcare expenditure, expanding healthcare infrastructure, and growing awareness about advanced treatment options are driving the market growth in Asia Pacific. Additionally, emerging economies such as China and India are witnessing significant market expansion due to improving healthcare systems and increasing investments in medical technology. The rising disposable income and the growing preference for minimally invasive procedures also contribute to the region's fast-paced market growth in spinal fusion devices.

Global Spinal Fusion Devices Market By Geography, 2023-2030
  • Largest
  • Fastest

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Global Spinal Fusion Devices Market Dynamics

Spinal Fusion Devices Market Drivers

Increase in advancements in Spine Fusion Surgeries

  • The increase of robotic spine surgeries offered by hospitals has led to a rise in the number of spine fusion surgeries. Many manufacturers are also focused on developing surgical robots that can be used in spinal fusion surgeries. Spine implantation and 3D imaging tools are also increasing the spinal fusion device market.

Spinal Fusion Devices Market Restraints

High cost of new technology

  • While new technology helps in increasing the market of spinal fusion devices the high cost is one of the major restraints. Moreover, the need of skilled labour to work with the advance devices are also hard to find.

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Global Spinal Fusion Devices Market Competitive Landscape

The competitive landscape of the global spinal fusion devices market is characterized by intense competition among several key players. The market is dominated by established medical device companies and orthopedic implant manufacturers that have a strong presence and extensive product portfolios. These companies invest heavily in research and development to introduce innovative products, enhance surgical techniques, and improve patient outcomes. The competitive landscape of the global spinal fusion devices market is dynamic and constantly evolving. Key players compete based on product innovation, quality, pricing, and customer relationships. The market's competitive nature drives continuous advancements in technology and contributes to the overall growth and development of spinal fusion devices.

Spinal Fusion Devices Market Top Player’s Company Profiles

  • Medtronic (US)
  • DePuy Synthes (US)
  • Stryker Corporation (US)
  • Zimmer Biomet (US)
  • Globus Medical (US)
  • NuVasive (US)
  • Alphatec Holdings (US)
  • K2M Group Holdings (US)
  • Orthofix International (US)
  • RTI Surgical (US)
  • B. Braun Melsungen AG (Germany)
  • MicroPort Scientific Corporation (China)
  • Exactech, Inc. (US)
  • Invibio Ltd. (UK)
  • Aesculap Implant Systems (US)
  • Captiva Spine, Inc. (US)
  • joimax GmbH (Germany)
  • LDR Holding Corporation (US)
  • Medacta International (Switzerland)
  • Spinal Elements, Inc. (US)

Spinal Fusion Devices Market Recent Developments

  • In June 2022, Camber Spine, had just commercialized its SPIRA-T oblique posterior lumbar spacer and is now moving into the next stage of the entire national launch of its SPIRA-P posterior lumbar spacer.
  • In June 2022, The DEXA SOLO-L anterior lumbar interbody fusion device (ALIF) from Aurora Spine received 510K clearance from the US Food and Drug Administration (FDA).

Global Spinal Fusion Devices Key Market Trends

  • One of the key market trends in the global spinal fusion devices market is the increasing adoption of minimally invasive techniques. Minimally invasive procedures have gained significant traction in recent years due to their numerous benefits over traditional open surgeries. These techniques involve smaller incisions, reduced tissue damage, faster recovery times, and lower post-operative complications for patients. They also offer the potential for shorter hospital stays and cost savings. The growing preference for minimally invasive approaches is driven by patient demand for less invasive procedures, advancements in surgical technologies, and the desire to minimize healthcare costs. As a result, medical device companies and manufacturers are focusing on developing innovative, minimally invasive spinal fusion devices that can provide effective stabilization and promote successful fusion while reducing the invasiveness of the surgery. This trend is expected to continue driving the growth of the spinal fusion devices market in the coming years.

Global Spinal Fusion Devices Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global spinal fusion devices market analysis, the market is experiencing rapid growth due to factors such as an aging population, increasing prevalence of spinal disorders, advancements in surgical techniques, and the demand for minimally invasive procedures. Spinal fusion involves fusing vertebrae to stabilize the spine, alleviate pain, and restore normal function. The market encompasses various devices, including implants, bone grafts, and spinal fixation systems. Minimally invasive techniques are gaining popularity due to their advantages of smaller incisions, faster recovery, and reduced complications. North America has been the largest market, but emerging economies in Asia-Pacific and Latin America are also witnessing significant growth. Key players in the market include medical device companies and orthopedic implant manufacturers. They are investing in research and development to introduce innovative products and improve patient outcomes. With ongoing technological advancements and a focus on patient-centric solutions, the global spinal fusion devices market is poised for continued expansion.

Report Metric Details
Market size value in 2021 USD 9 billion
Market size value in 2030 USD 15.37 billion
Growth Rate 5.5%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Disease
    • Degenerative Disc, Complex Deformity, and Trauma & Fractures
  • End-User
    • Hospitals and Speciality Clinics
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Medtronic (US)
  • DePuy Synthes (US)
  • Stryker Corporation (US)
  • Zimmer Biomet (US)
  • Globus Medical (US)
  • NuVasive (US)
  • Alphatec Holdings (US)
  • K2M Group Holdings (US)
  • Orthofix International (US)
  • RTI Surgical (US)
  • B. Braun Melsungen AG (Germany)
  • MicroPort Scientific Corporation (China)
  • Exactech, Inc. (US)
  • Invibio Ltd. (UK)
  • Aesculap Implant Systems (US)
  • Captiva Spine, Inc. (US)
  • joimax GmbH (Germany)
  • LDR Holding Corporation (US)
  • Medacta International (Switzerland)
  • Spinal Elements, Inc. (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Spinal Fusion Devices Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Spinal Fusion Devices Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Spinal Fusion Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Spinal Fusion Devices Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Spinal Fusion Devices Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Spinal Fusion Devices Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Spinal Fusion Devices Market size was valued at USD 9 billion in 2021 and is poised to grow from USD 9.49 billion in 2022 to USD 15.37 billion by 2030, growing at a CAGR of 5.5% during the forecast period (2023-2030).

The competitive landscape of the global spinal fusion devices market is characterized by intense competition among several key players. The market is dominated by established medical device companies and orthopedic implant manufacturers that have a strong presence and extensive product portfolios. These companies invest heavily in research and development to introduce innovative products, enhance surgical techniques, and improve patient outcomes. The competitive landscape of the global spinal fusion devices market is dynamic and constantly evolving. Key players compete based on product innovation, quality, pricing, and customer relationships. The market's competitive nature drives continuous advancements in technology and contributes to the overall growth and development of spinal fusion devices. 'Medtronic (US)', 'DePuy Synthes (US)', 'Stryker Corporation (US)', 'Zimmer Biomet (US)', 'Globus Medical (US)', 'NuVasive (US)', 'Alphatec Holdings (US)', 'K2M Group Holdings (US)', 'Orthofix International (US)', 'RTI Surgical (US)', 'B. Braun Melsungen AG (Germany)', 'MicroPort Scientific Corporation (China)', 'Exactech, Inc. (US)', 'Invibio Ltd. (UK)', 'Aesculap Implant Systems (US)', 'Captiva Spine, Inc. (US)', 'joimax GmbH (Germany)', 'LDR Holding Corporation (US)', 'Medacta International (Switzerland)', 'Spinal Elements, Inc. (US)'

The increase of robotic spine surgeries offered by hospitals has led to a rise in the number of spine fusion surgeries. Many manufacturers are also focused on developing surgical robots that can be used in spinal fusion surgeries. Spine implantation and 3D imaging tools are also increasing the spinal fusion device market.

One of the key market trends in the global spinal fusion devices market is the increasing adoption of minimally invasive techniques. Minimally invasive procedures have gained significant traction in recent years due to their numerous benefits over traditional open surgeries. These techniques involve smaller incisions, reduced tissue damage, faster recovery times, and lower post-operative complications for patients. They also offer the potential for shorter hospital stays and cost savings. The growing preference for minimally invasive approaches is driven by patient demand for less invasive procedures, advancements in surgical technologies, and the desire to minimize healthcare costs. As a result, medical device companies and manufacturers are focusing on developing innovative, minimally invasive spinal fusion devices that can provide effective stabilization and promote successful fusion while reducing the invasiveness of the surgery. This trend is expected to continue driving the growth of the spinal fusion devices market in the coming years.

North America dominates the global Spinal Fusion Devices market. It holds the largest revenue share of over 41%. The region's dominance can be attributed to several factors, including a high prevalence of spinal disorders, well-established healthcare infrastructure, advanced surgical techniques, and favorable reimbursement policies. The presence of major market players and their focus on research and development activities further contribute to North America's dominance. The region benefits from a strong demand for spinal fusion devices, driven by the increasing aging population and the growing adoption of minimally invasive surgical procedures.

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