Product Code: BMIRE00029446
The Asia Pacific spinal fusion devices market was valued at US$ 1,840.24 million in 2022 and is expected to reach US$ 3,058.01 million by 2030; it is estimated to grow at a CAGR of 6.6% from 2022 to 2030.
Low-Cost Surgery Under Medical Tourism Fuels the Asia Pacific Spinal Fusion Devices Market
Spinal fusion surgeries are much costlier; many patients slide back from the decision to undergo spinal surgeries. Also, in many cases, the cost of spinal implants is not covered under health insurance plans, limiting the number of surgeries. On the other hand, medical tourism has enabled to offer spinal fusion surgeries at cheaper costs. Countries in developing regions have significantly developed medical tourism and have advanced technologies that provide world-class medical services at cheaper rates. In India, it is nearly between US$ 8000 and US$ 12,000. Also, the cost of thoracoplasty in India is between US$ 2,500 and US$ 4,000. Offering critical surgeries at cheaper costs increases patient flow to these countries for their medical treatments. Also, the availability of advanced medical techniques and increasing government funding to increase medical tourism are leading to the increasing demand for advanced surgical implants. Further, the advancing healthcare infrastructure in developing countries will likely continue the demand for advanced medical devices, enhancing growth opportunities for the Asia Pacific spinal fusion devices market.
Asia Pacific Spinal Fusion Devices Market Overview
The government of China has introduced various policies to support the development of the medical devices, including the spine surgery devices. These policies aim to improve product quality, promote domestic manufacturing, and ensure patient safety. Additionally, the government has been working on healthcare reforms to enhance access to healthcare services, which indirectly benefits the spine market by increasing the number of patients seeking treatment. The Chinese market has its own regulatory environment and unique considerations. Companies are focusing to enter the Chinese spinal surgery devices market. These companies need to comply with the country's regulatory requirements, including registration and approval processes. For instance, in June 2023, the technical guidelines for clinical evaluation of spinal fusion devices were issued by National Medical Products Administration (NMPA) and according to these guidelines spinal fusion devices were categorized under Class III medical devices.
Moreover, with the increasing technological advancements and product innovations, mid-size to smaller companies' are increasing their market presence by introducing new technologies with better usability. For instance, in March 2021, Chinese authorities issued an approval for orthopedic surgical robot which carried out a spinal fusion surgery and a discectomy in a patient in Shenzhen.
Asia Pacific Spinal Fusion Devices Market Revenue and Forecast to 2030 (US$ Million)
Asia Pacific Spinal Fusion Devices Market Segmentation
The Asia Pacific spinal fusion devices market is segmented based on product type, surgery type, disease indications, end user, and country.
Based on product type, the Asia Pacific spinal fusion devices market is segmented into thoracolumbar devices, cervical fixation devices, and interbody fusion devices. The thoracolumbar devices segment held the largest share in 2022.
By surgery type, the Asia Pacific spinal fusion devices market is bifurcated into open spine surgery and minimally invasive spine surgery. The open spine surgery segment held the largest share in 2022.
By disease indications, the Asia Pacific spinal fusion devices market is segmented into degenerative disc, trauma and fractures, complex deformity, and others. The degenerative disc segment held the largest share in 2022.
In terms of end users, the Asia Pacific spinal fusion devices market is categorized into hospitals, specialty clinics, and others. The hospitals segment held the largest share in 2022.
Based on country, the Asia Pacific spinal fusion devices market is segmented into China, Japan, India, Australia, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific spinal fusion devices market in 2022.
ATEC Spine Inc, B. Braun SE, DePuy Synthes Inc, Globus Medical Inc, Medtronic Plc, NuVasive Inc, Stryker Corp, and ZimVie Inc are some of the leading companies operating in the Asia Pacific spinal fusion devices market.
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Asia Pacific Spinal Fusion Devices Market Landscape
- 4.1 Overview
- 4.2 Asia Pacific PEST Analysis
5. Asia Pacific Spinal Fusion Devices Market - Key Industry Dynamics
- 5.1 Market Drivers
- 5.1.1 Increasing Developments in Spinal Technology by Spine Device Companies
- 5.1.2 Surging Number of Spinal Fusion Procedures
- 5.2 Market Restraints
- 5.2.1 Stringent Regulations for Spinal Fusion Devices
- 5.3 Market Opportunities
- 5.3.1 Low-Cost Surgery Under Medical Tourism
- 5.4 Market Trends
- 5.4.1 3D Printing for Spinal Fusion Products for Spinal Surgery
- 5.5 Impact Analysis:
6. Spinal Fusion Devices Market - Asia Pacific Market Analysis
- 6.1 Asia Pacific Spinal Fusion Devices Market Revenue (US$ Mn), 2022 - 2030
7. Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 - by Product Type
- 7.1 Overview
- 7.2 Asia Pacific Spinal Fusion Devices Market Revenue Share, by Product Type, 2022 & 2030 (%)
- 7.3 Thoracolumbar Devices
- 7.3.1 Overview
- 7.3.2 Thoracolumbar Devices: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 7.3.3 Anterior Lumbar Plates
- 7.3.3.1 Overview
- 7.3.3.2 Anterior Lumbar Plates: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 7.3.4 Pedicle Screw and Rods
- 7.3.4.1 Overview
- 7.3.4.2 Pedicle Screw and Rods: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 7.3.5 Others
- 7.3.5.1 Overview
- 7.3.5.2 Others: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 7.4 Cervical Fixation Devices
- 7.4.1 Overview
- 7.4.2 Cervical Fixation Devices: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 7.4.3 Anterior Cervical Plates
- 7.4.3.1 Overview
- 7.4.3.2 Anterior Cervical Plates: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 7.4.4 Hook Fixation Systems
- 7.4.4.1 Overview
- 7.4.4.2 Hook Fixation Systems: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 7.4.5 Others
- 7.4.5.1 Overview
- 7.4.5.2 Others: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 7.5 Interbody Fusion Devices
- 7.5.1 Overview
- 7.5.2 Interbody Fusion Devices: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
8. Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 - by Surgery Type
- 8.1 Overview
- 8.2 Asia Pacific Spinal Fusion Devices Market Revenue Share, by Surgery Type, 2022 & 2030 (%)
- 8.3 Open Spine Surgery
- 8.3.1 Overview
- 8.3.2 Open Spine Surgery: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 8.4 Minimally Invasive Spine Surgery
- 8.4.1 Overview
- 8.4.2 Minimally Invasive Spine Surgery: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
9. Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 - by Disease Indications
- 9.1 Overview
- 9.2 Asia Pacific Spinal Fusion Devices Market Revenue Share, by Disease Indications 2022 & 2030 (%)
- 9.3 Degenerative Disc
- 9.3.1 Overview
- 9.3.2 Degenerative Disc: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 9.4 Trauma and Fractures
- 9.4.1 Overview
- 9.4.2 Trauma and Fractures: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 9.5 Complex Deformity
- 9.5.1 Overview
- 9.5.2 Complex Deformity: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 9.6 Others
- 9.6.1 Overview
- 9.6.2 Others: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
10. Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 - by End User
- 10.1 Overview
- 10.2 Asia Pacific Spinal Fusion Devices Market Revenue Share, by End User 2022 & 2030 (%)
- 10.3 Hospitals
- 10.3.1 Overview
- 10.3.2 Hospitals: Asia Pacific Spinal Fusion Devices Market- Revenue and Forecast to 2030 (US$ Million)
- 10.4 Specialty Clinics
- 10.4.1 Overview
- 10.4.2 Specialty Clinics: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
- 10.5 Others
- 10.5.1 Overview
- 10.5.2 Others: Asia Pacific Spinal Fusion Devices Market - Revenue and Forecast to 2030 (US$ Million)
11. Asia Pacific Spinal Fusion Devices Market - Country Analysis
- 11.1 Overview
- 11.1.1 Asia Pacific Asia Pacific Spinal Fusion Devices Market, by Country
- 11.1.1.1 China
- 11.1.1.1.1 Overview
- 11.1.1.1.2 China Spinal Fusion Devices Market Revenue and Forecast to 2030 (US$ Mn)
- 11.1.1.1.3 China Spinal Fusion Devices Market, by Product Type
- 11.1.1.1.3.1 China Spinal Fusion Devices Market, by Thoracolumbar Devices
- 11.1.1.1.3.2 China Spinal Fusion Devices Market, by Cervical Fixation Devices
- 11.1.1.1.4 China Spinal Fusion Devices Market, by Disease Indication
- 11.1.1.1.5 China Spinal Fusion Devices Market, by Surgery Type
- 11.1.1.1.6 China Spinal Fusion Devices Market, by End User
- 11.1.1.2 Japan
- 11.1.1.2.1 Overview
- 11.1.1.2.2 Japan Spinal Fusion Devices Market Revenue and Forecast to 2030 (US$ Mn)
- 11.1.1.2.3 Japan Spinal Fusion Devices Market, by Product Type
- 11.1.1.2.3.1 Japan Asia Pacific Spinal Fusion Devices Market, by Thoracolumbar Devices
- 11.1.1.2.3.2 Japan Asia Pacific Spinal Fusion Devices Market, by Cervical Fixation Devices
- 11.1.1.2.4 Japan Spinal Fusion Devices Market, by Disease Indication
- 11.1.1.2.5 Japan Asia Pacific Spinal Fusion Devices Market, by Surgery Type
- 11.1.1.2.6 Japan Spinal Fusion Devices Market, by End User
- 11.1.1.3 India
- 11.1.1.3.1 Overview
- 11.1.1.3.2 India Spinal Fusion Devices Market Revenue and Forecast to 2030 (US$ Mn)
- 11.1.1.3.3 India Spinal Fusion Devices Market, by Product Type
- 11.1.1.3.3.1 India Spinal Fusion Devices Market, by Thoracolumbar Devices
- 11.1.1.3.3.2 India Spinal Fusion Devices Market, by Cervical Fixation Devices
- 11.1.1.3.4 India Spinal Fusion Devices Market, by Disease Indication
- 11.1.1.3.5 India Spinal Fusion Devices Market, by Surgery Type
- 11.1.1.3.6 India Spinal Fusion Devices Market, by End User
- 11.1.1.4 Australia
- 11.1.1.4.1 Overview
- 11.1.1.4.2 Australia Spinal Fusion Devices Market Revenue and Forecast to 2030 (US$ Mn)
- 11.1.1.4.3 Australia Spinal Fusion Devices Market, by Product Type
- 11.1.1.4.3.1 Australia Spinal Fusion Devices Market, by Thoracolumbar Devices
- 11.1.1.4.3.2 Australia Spinal Fusion Devices Market, by Cervical Fixation Devices
- 11.1.1.4.4 Australia Spinal Fusion Devices Market, by Disease Indication
- 11.1.1.4.5 Australia Spinal Fusion Devices Market, by Surgery Type
- 11.1.1.4.6 Australia Spinal Fusion Devices Market, by End User
- 11.1.1.5 South Korea
- 11.1.1.5.1 Overview
- 11.1.1.5.2 South Korea Asia Pacific Spinal Fusion Devices Market Revenue and Forecast to 2030 (US$ Mn)
- 11.1.1.5.3 South Korea Spinal Fusion Devices Market, by Product Type
- 11.1.1.5.3.1 South Korea Spinal Fusion Devices Market, by Thoracolumbar Devices
- 11.1.1.5.3.2 South Korea Spinal Fusion Devices Market, by Cervical Fixation Devices
- 11.1.1.5.4 South Korea Spinal Fusion Devices Market, by Disease Indication
- 11.1.1.5.5 South Korea Spinal Fusion Devices Market, by Surgery Type
- 11.1.1.5.6 South Korea Spinal Fusion Devices Market, by End User
- 11.1.1.6 Rest of Asia Pacific
- 11.1.1.6.1 Overview
- 11.1.1.6.2 Rest of Asia Pacific Spinal Fusion Devices Market Revenue and Forecast to 2030 (US$ Mn)
- 11.1.1.6.3 Rest of Asia Pacific Spinal Fusion Devices Market, by Product Type
- 11.1.1.6.3.1 Rest of Asia Pacific Spinal Fusion Devices Market, by Thoracolumbar Devices
- 11.1.1.6.3.2 Rest of Asia Pacific Spinal Fusion Devices Market, by Cervical Fixation Devices
- 11.1.1.6.4 Rest of Asia Pacific Spinal Fusion Devices Market, by Disease Indication
- 11.1.1.6.5 Rest of Asia Pacific Spinal Fusion Devices Market, by Surgery Type
- 11.1.1.6.6 Rest of Asia Pacific Spinal Fusion Devices Market, by End User
12. Asia Pacific Spinal Fusion Devices Market Industry Landscape
- 12.1 Overview
- 12.2 Growth Strategies in Asia Pacific Spinal Fusion Devices Market
- 12.3 Organic Growth Strategies
- 12.4 Inorganic Growth Strategies
13. Company Profiles
- 13.1 DePuy Synthes Inc
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
- 13.2 Stryker Corp
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
- 13.3 B. Braun SE
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
- 13.4 ATEC Spine Inc
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
- 13.5 Globus Medical Inc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
- 13.6 NuVasive Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
- 13.7 ZimVie Inc
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
- 13.8 Medtronic Plc
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
14. Appendix
- 14.1 About Us
- 14.2 Glossary of Terms