The market for Disposable Spinal Instruments Market is expected to reach US$ XX Mn in 2026.
As the global population is rapidly aging, the rate of spinal surgeries is correspondingly increasing. The introduction of minimally invasive techniques in spinal surgery has also created a scope for disposable kits and consumables. The growing incidence of healthcare-associated infections is yet another factor contributing to the growing demand for disposable instruments. These products are also high quality while being cost-efficient and adept at reducing the risk of acquiring infections. Disposable spinal instruments also reduce the costs linked with autoclave use for instrument sterilization and also improve treatment outcomes with better patient care, quick recuperation time, less infection risk, and efficient clinical management. Technological advancements in surgical treatments and the introduction of disposable instruments have allowed for better promotion of growth in the adoption of such surgical interventions.
Kits segment to occupy the largest revenue share
Based on the product types, the global disposable spinal instruments market is segmented into kits and pedicle screw systems, with the kits segment further categorized into cervical kits and lumbar kits. Between these product types, the kits segment dominates the global market both in terms of revenue and volume. Due to the proven advantages of disposable instruments and the growing awareness among both surgeons and patients, the demand for kits will be steadily growing. Cost efficiency over reusable kits and instruments additionally drives the market. The technologically advanced cervical and lumbar kits are also proven to be durable and safe, therefore witnessing greater demand.
Spinal fusion is expected to remain the largest application area throughout the forecast period
The growth of disposable spinal instruments in spinal fusion procedures is largely attributed to the increase in the geriatric population and the corresponding growth in the incidence of spinal injuries and trauma in the general population. Another chief characteristic of this segment is the increasing number of indications where spinal fusion surgery is performed. Originally, spinal fusion was performed for spinal tuberculosis and scoliosis, but it has now progressed to other conditions. Further improvements in reimbursements shall assist in augmenting the market growth. Conditions such as spinal stenosis are very common in the age group of 50 years and older. The geriatric population is also at a high risk of developing spinal ailments and comorbidities. Therefore, considering that by 2050, around 30.5% of the global population will be over 65 years of age, the demand for spinal fusion and other such procedures will consistently rise and therefore assist in market growth.
Significant market growth is to be observed in the ambulatory surgery centers segment
Hospitals, ambulatory surgery centers, and orthopedic centers are the settings where disposable spinal instruments are deployed. Among these, hospitals account for the largest share of the global market. The availability of better patient care facilities, the presence of several transfer departments for patient convenience, and better patient foot traffic are the key factors associated with the dominance of the hospital segments. On the other hand, ambulatory surgery centers and orthopedic centers will witness swift growth during the forecast period. The growth opportunities in these areas are significant; performing surgical procedures in ambulatory centers is reportedly more cost-efficient than in hospitals, and with growing reimbursements, the influx of patients in ambulatory surgery centers will correspondingly grow.
North America shall continue to lead the global market
Geographically, the global disposable spinal instruments market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In the base year 2017, North America was the largest regional market for disposable spinal instruments, followed by Europe. Higher awareness and swift adoption of novel healthcare products contribute to North America's leading position in the global market. Additionally, due to the presence of several untapped opportunities in the form of a large potential patient base, improving skills of healthcare professionals, and rapidly evolving healthcare infrastructure, the Asia Pacific market is estimated to progress at a rapid CAGR during the forecast period.
This research report presents the analysis of each considered segment for the period from 2016 to 2026, using 2017 as the base year for estimations. Compounded annual growth rates (CAGRs) for each segment are calculated for the forecast period from 2018 to 2026.
The disposable spinal instruments market report provides a quantitative assessment of the industry in terms of current and forecasted market size while also presenting the market dynamics. This market is segmented based on types, applications, and geography.
This report also includes a company profiles section that gives insights into the company overview, product portfolio, financial information, and key developments of major market players. The major players profiled in this report include Safe Orthopaedics, Kapp Surgical Instrument Inc., ECA Medical Instruments, Xenco Medical, Providence Medical Technology Inc., Intelligent Implant Systems, LLC, Joymax GmbH, Paradigm Spine LLC, TeDan Surgical Innovations, LLC, and Teleflex Medical.
The market for Disposable Spinal Instruments Market is expected to reach US$ XX Mn in 2026.
The Disposable Spinal Instruments Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
ECA Medical Instruments, Xenco Medical, Providence Medical Technology Inc., Intelligent Implant Systems, LLC, Joymax GmbH, Paradigm Spine LLC, TeDan Surgical Innovations LLC. are some of the major players in the global market.