Product Description
Overall, the global interbody fusion device market was valued at $2.8 billion in 2021. This is expected to increase over the forecast period at a CAGR of 3.6% to reach $3.6 billion.
Throughout this medical market research, we analyzed over 70 interbody fusion device companies across 7 continents and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts. The full report suite on the global market for interbody fusion devices extends its projections up to the year 2028, thereby providing a comprehensive and anticipatory understanding of the market trends and trajectories for the given period.
DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecasts Until 2028, and Historical Data to 2018
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- COVID19 Impact
- Disease Overviews and Demographic Information
- Company Profiles, Product Portfolios and SWOT for Top Competitors
Global Interbody Fusion Device Market Insights
Advancements in technology within the interbody device market are poised to fuel its growth. Particularly, the introduction of titanium-coated group purchasing organizations (PEEK) and 3D-printed metal interbody devices has demonstrated clinical advantages compared to conventional PEEK and metal alternatives. This enhanced performance is contributing to a heightened demand for these innovative interbody devices, indicating a significant driver for market expansion.
Global Interbody Fusion Device Market Share Insights
- In 2021, Medtronic emerged as the top contender in the global interbody device market, with a substantial share primarily driven by its dominant position in North America. The company also led the market in certain countries within the Asia-Pacific region. Medtronic‘s success can be attributed, in part, to key products such as the Elevate™ expandable cage, Anatomic® PTC, Cornerstone® PSR cages in the cervical segment, and the Capstone® cage.
- DePuy Synthes secured the second position in the global interbody device market in 2021, with a major share derived from its stronghold in Western Europe. The company also led the market in other regions, including Latin America and Asia-Pacific. DePuy Synthes differentiated itself by offering radiolucent lumbar interbody fusion cages crafted from carbon fiber reinforced polymer (CFRP) alongside a range of other bone and non-bone devices.
- Stryker held the third position among global interbody device market competitors in 2021, demonstrating a strong presence in Asia-Pacific, North America, and Western Europe. The company extended its product offerings through the Tritanium® product line featuring 3D printed metal interbody devices. Following the acquisition of K2M, Stryker introduced additional 3D printed interbody devices such as the Mojave™ and Cascadia™.
Market Segmentation Summary
- Anterior Lumbar Interbody Fusion (ALIF) Device Market
- Posterior Lumbar Interbody Fusion (PLIF) Device Market
- Transforaminal Lumbar Interbody Fusion (TLIF) Device Market
- Cervical Interbody Fusion (CIF) Device Market
- VBR/Corpectomy Device Market
- Expendable Interbody Device Market
Global Research Scope Summary
Report Attribute | Details |
---|---|
Regions | North America (Canada, United States) Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.) Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
Base Year | 2021 |
Forecast | 2022-2028 |
Historical Data | 2018-2021 |
Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
Qualitative Coverage | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |