Cervical Fusion Market Insights:
Cervical Fusion Market is projected to be worth USD 2.91 Billion by 2030, registering a CAGR of 4.6% CAGR during the forecast period (2022-2030), the market was valued at USD 1.94 Billion in 2021. The metal sector predominated the market in 2021 and is anticipated to increase at a quicker rate throughout the forecast period, 2022–2030, due to metal implants, which have high corrosion resistance, becoming highly popular. The segment for minimally invasive spine surgery dominated the market in 2021 and is anticipated to increase at the fastest rate from 2022 to 2030. North America generated USD 887.23 million in 2021 and is anticipated to grow at a CAGR of 5.03% during the research period.
Cervical Fusion Market Dynamics:
A typical surgical procedure for treating injured neck discs is cervical fusion. The deteriorated disc is initially removed by the surgeon during the procedure. This procedure is also known as an anterior cervical discectomy and fusion releases pressure from the spinal cord and/or nerve roots.
Driver:
The factors driving the growth of the market are the increased prevalence of cervical spondylosis among corporate executives, rising healthcare expenditure, and low-cost procedures as expected to boost the growth of the cervical fusion market.
Restraint:
The use of these devices carries several possible dangers such as the disassembly, bending, and/or breaking of any or all of the components, and pressure from the device on the skin, which may result in skin penetration, irritation, and/or pain; tissue or nerve damage; and scarring are the factors expected to risk the growth of the market.
Opportunities
The demand for cervical fusion implants has increased globally as a result of the rise in cervical illnesses and accidents. Additionally, an upsurge in demand recently for biomaterial cervical fusion implants made of components like cobalt-chromium-molybdenum alloyed with a rough titanium surface coating. Further, the introduction of biomaterial cervical fusion implants has opened various opportunities for market participants and offers enormous growth potential.
COVID-19 Analysis of Cervical Fusion Market:
Unprecedented lockdowns brought on by the COVID-19 epidemic have disrupted daily life and altered consumer behavior in almost every sector. Retail establishments have closed while COVID-19 reaction efforts intensify. Due to the statewide suspension of transportation and manufacture in significant raw material-producing nations like China and India, the industry began to experience a supply deficit. Additionally, the availability of additional raw materials has been restricted as a result of supply chain disruptions in the U.S., which is impacting manufacturing and, consequently, the supply chain of products. Hence, COVID-19 had a negative impact on the cervical fusion market.
Cervical Fusion Market Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 2.91 Billion |
| CAGR (2022-2030) | 4.6% |
| By Fusion Type | Anterior Interbody Fusion, Anterior Cervical Fusion, Posterior Fusion, Others |
| By Type | Metal, Polymer, Others |
| By Surgery | Minimally Invasive Spine Surgery, Open Spine Surgery |
| By End Use | Orthopedic Clinics, Multispecialty Hospitals, Neurology Clinics, Others |
| By geography | North America– (U.S., Canada, Mexico)
Europe- (Germany, France, U.K., Russia, Italy, Spain, BENELUX, Rest of Europe) Asia Pacific- (China, Japan, India, South Korea, Australia, ASEAN, Rest of Asia Pacific) Latin America- (Brazil, Argentina, Chile, Rest of Latin America) The Middle East and Africa- (GCC, Turkey, Israel, Rest of MEA) |
| Key Players | Medtronic Inc, Abbott Laboratories, Stryker Corporation, DePuy Synthes, Braun Melsungen AG, NuVasive, Inc, Zimmer Biomet, Orthofix, Globus Medical |
Cervical Fusion Market Segment Analysis:
By Fusion Type
The fusion type segment is divided into anterior interbody fusion, anterior cervical fusion, posterior fusion, and others. The cervical fusion segment dominated the position in the cervical fusion market in 2021, as a result of the increasing prevalence of degenerative disc disease and the global aging population. For instance, according to the National Institutes of Health (US), the prevalence of degenerative disc disease normally increases with age, with 40% of persons in their 40s and 80s suffering from the condition. Additionally, anterior cervical fusion includes joining two or more vertebral columns to stop the unintentional motion of the spinal discs.
By Type
The cervical fusion market based on type segment is divided into metal, polymer, and other types. The metal segment predominated the market in 2021 and is anticipated to increase at a quicker rate throughout the forecast period, 2022–2030, due to metal implants, which have high corrosion resistance, becoming highly popular.
Metal implants used in spine procedures frequently consist of titanium alloys and stainless steel. Due to their great corrosion resistance, metal implants are increasingly preferred by many medical professionals, including surgeons, physicians, and clinicians. Further, polymer provides enhanced biocompatibility, a high degree of rotation, flexible spine movement, and ease of insertion, which is expected to boost the growth of the cervical fusion market. Further, spiral interbody fusion operations currently make use of bioresorbable polymer-based components which are anticipated to fuel the market expansion.
By Surgery
Surgery segment is in the cervical fusion market is divided into minimally invasive spine surgery and open spine surgery. The segment for minimally invasive spine surgery dominated the market in 2021 and is anticipated to increase at the fastest rate during the forecast period. By stabilizing the vertebral bones and spinal joints, minimally invasive spine surgery also releases pressure from the spinal nerves. Disorders such as bone spurs, spinal instability, ruptured discs, scoliosis, and spinal cancer are frequently operated by minimally invasive surgeries.
By End Use
The global cervical fusion market based on end users has been divided into Orthopaedic clinics, multispecialty hospitals, neurology clinics, and others. During the anticipated period, Orthopaedic clinics represented the market’s second-fastest expanding category. Multispecialty hospitals held the greatest market share in 2021 as a result of the quick uptake of innovative cervical fusion surgery items and the accessibility of qualified medical personnel. Additionally, growing government initiatives to improve healthcare infrastructure combined with an increase in cervical fusion procedures like minimally invasive spine surgery are anticipated to propel the cervical fusion market over the forecast period.
By Region
North America generated USD 887.23 million in 2021 and is anticipated to grow at a CAGR of 5.03% during the research period. This is due to the region’s aging population as well as the rising prevalence of spine deformities such as scoliosis, kyphosis, and lordosis. Further, due to the availability of state-of-the-art medical facilities, government support for the expansion of the healthcare sector, an aging population, and an increase in the prevalence of degenerative disc disease, rheumatoid arthritis, and osteoarthritis, Europe holds the second-largest market share.
Cervical Fusion Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), Product innovation, various business strategies, and Product & Service launches have accelerated the growth of the cervical fusion market. Key players in the market include-
- Medtronic Inc.
- Stryker Corporation
- DePuy Synthes
- Braun Melsungen AG
- NuVasive, Inc.
- Zimmer Biomet
- Orthofix
- Globus Medical
- Abbott Laboratories
Table of Content
- Introduction
- Market Introduction
- Market Research Methodology
- Research Process
- Primary Research
- Secondary Research
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Limitations of the Study
- Fusion Type Picture of Cervical Fusion
- Global Cervical Fusion Market: Classification
- Geographic Scope
- Years Considered for the Study
- Research Methodology in brief
- Parent Market Overview
- Overall Cervical Fusion Market Regional Demand
- Research Programs/Design
- Market Breakdown and Data Triangulation Approach
- Data Source
- Secondary Sources
- Primary Sources
- Primary Interviews
- Average primary breakdown ratio
- Market Dynamics
- Drivers
- Drivers
- Restraints
- Restraints
- Opportunity
- Impact forces on market dynamics
- Impact forces during the forecast years
- Industry Value Chain
- Upstream analysis
- Downstream analysis
- Therapeutic
- Direct Channel
- Indirect Channel
- Potential Customers
- Manufacturing/Operational Cost Analysis
- Pricing Analysis by Region
- Key Fusion Type Landscape
- Regulatory Analysis
- Porter’s Analysis
- Supplier Power
- Buyer Power
- Substitution Threat
- Threat from New Entry
- Competitive Rivalry
- PESTEL Analysis
- Political Factors
- Economic Factor
- Social Factors
- Technological Factor
- Environmental Factors
- Legal Factor
- Covid-19 impact on Global Economy
- Covid-19 impact on Cervical Fusion Market demand
- Post-Covid Impact on Cervical Fusion Market Demand
- Impact Analysis of Russia-Ukraine Conflict
- Drivers
- Global Cervical Fusion Market Segmentation, Revenue (USD Billion), (2022-2030)
- By Fusion Type
- Anterior Interbody Fusion
- Anterior Cervical Fusion
- Posterior Fusion
- Others
- By Type
- Metal
- Polymer
- Others
- By Surgery
- Minimally Invasive Spine Surgery
- Open Spine Surgery
- By End Use
- Orthopedic Clinics
- Multispecialty Hospitals
- Neurology Clinics
- Others
- By Fusion Type
- Global Cervical Fusion Market Overview, By Region
- North America Cervical Fusion Market Revenue (USD Billion), by Countries, (2022-2030)
- US
- By Fusion Type
- By Type
- By Surgery
- By End Use
- Canada
- Mexico
- US
- Europe Cervical Fusion Market Revenue (USD Billion), by Countries, (2022-2030)
- France
- UK
- Spain
- Russia
- Italy
- BENELUX
- Asia Pacific Cervical Fusion Market Revenue (USD Billion), by Countries, (2022-2030)
- China
- Japan
- Australia
- South Korea
- India
- ASEAN
- North America Cervical Fusion Market Revenue (USD Billion), by Countries, (2022-2030)
- Latin America Cervical Fusion Market Revenue (USD Billion), by Countries, (2022-2030)
- Brazil
- Argentina
- Chile
- Middle East and Africa Cervical Fusion Market Revenue (USD Billion), by Countries, (2022-2030)
- GCC
- Turkey
- South Africa
- Global Cervical Fusion Market Revenue: Competitive Analysis, 2021
- Key strategies by players
- Revenue (USD Billion and %), By manufacturers, 2021
- Player Positioning by Market Players, 2021
- Competitive Analysis
- Medtronic Inc
- Business Overview
- Business Financials (USD Billion)
- Fusion Type Category, Source, and Specification
- Main Business/Business Overview
- Geographical Analysis
- Recent Development
- Swot Analysis
- Abbott Laboratories
- Stryker Corporation
- DePuy Synthes
- Braun Melsungen AG
- NuVasive, Inc
- Zimmer Biomet
- Orthofix
- Globus Medical
- Medtronic Inc
- Market Research Findings & Conclusion
Disclaimer
Research Methodology
The Market Research Community offers numerous solutions and its full addition in the research methods to be skilled at each step. We use wide-ranging resources to produce the best outcome for our customers. The achievement of a research development is completely reliant on the research methods implemented by the company. We always faithful to our clients to find opportunities by examining the global market and offering economic insights.Market Research Community are proud of our widespread coverage that encompasses the understanding of numerous major industry domains. Company offers consistency in our research report, we also offers on the part of the analysis of forecast across a range of coverage geographies and coverage. The research teams carry out primary and secondary research to carry out and design the data collection methods.