Most of the spinal disorders do not need surgeries but there are times when they cannot be avoided. Spinal or back pain is a debilitating medical disorder that affects a considerable amount of people every year. The low back pain or spinal pain is one of the most common, physically, psychologically and economically degrading conditions. According to American Association of Neurological Surgeons an estimated 75 to 85 percent of all Americans will experience some form of back pain during their lifetime. Intervertebral disc degeneration is one of the most common cause of back pain. The other major causes of back pain include injuries, spasms, muscle tension and ruptured disc.
Spinal surgery helps to repair spinal formation of patient with spine disorders such as disc herniation, spondylolisthesis, degenerative discs, spine deformities, trauma, scoliosis, spinal stenosis, and tumors. In such surgical processes, specially designed spinal instruments are used to correct deformities, strengthen and stabilize the spine and facilitate fusion. Most of the spinal implants are generally made of metals such as stainless steel or titanium-alloy, whereas some are made of non-metallic compounds. The Spinal Surgery Devices Market is expected to witness adequate growth rate during the forecast primarily due to increase in aging population coupled with number of patients suffering from chronic back pain, increased awareness resulting into adoption of newer and improved technologies by surgeons and patients and last but not the least advancement in technology. However, price concerns and unstable reimbursement policies are expected to restrain the growth of the market to a certain extent.
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The spinal surgery devices market can be segmented on the basis of technology used such as spinal fusion and fixation, spine biologics, non-fusion, products intended for vertebral compression fracture and spinal decompression. The growth of the spinal surgery devices market can be attributed to a number of factors including technological advancements, rising incidence and prevalence of spinal disorders, improvement of safer and cost-effective spinal devices; overall rise in the geriatric and obese population; and rising demand for minimally invasive spine surgery.
However, stringent regulatory guidelines, high costs, and unstable reimbursement policies in developing countries are anticipated to restrain the growth of the global spinal surgery devices market. The high initial cost and complicated machines of the spine surgery devices are some of the major inhibitors of the market slowing the growth rate across the globe. Ageing population and the growing health concerns has led the government in various countries to take several initiatives thus providing several opportunities for this market.