The India Spinal Surgery Devices Market is expected to register a CAGR of 5.6% during the forecast period. Spine or spinal surgery is one of the fast-growing surgical techniques and has evolved into one of the major segments of the orthopaedic industry. Spinal surgery devices are used for the treatment of spinal injuries or deformities.

According to the Global Burden of Disease Study/Institute for Health Metrics and Evaluation (IHME) 2017 report, estimated that the prevalence rate of low back pain was 5,092.943 (per 100,000 population). Due to the high incidence of low back pain in India which is expected to drive the market in the near future.

New spinal surgery devices are being widely accepted by surgeons due to improvements in device designs to make them more efficient and safer. These milestones have been achieved due to a number of technological advancements in these devices. The adoption of these minimally invasive devices has also propelled the growth of this market.

However, expensive treatment costs and stringent regulatory processes for device approval have been restraining the growth of this market.

Key Market Trends

ThoracoLumbar Fusion Segment is Expected to Register High CAGR Over the Forecast Period in the India Spinal Surgery Devices Market

ThoracoLumbar fusion is a complex operation and requires the use of screws that are placed between the vertebrae to be fused. Then the bone graft is placed around these screws. The screws that are used during this operation are made of titanium and are usually placed for a lifetime.

ThoracoLumber fusion provides a conventional yet effective treatment option for patients suffering from lumbar spinal stenosis and advanced alternative treatment for decompression spine surgery. The major players in this field manufacture both, anterior and posterior dynamic stabilization devices for lumbar spine and several clinical trials for new products are in process, which is likely to drive the growth in the coming future.

Moreover, as the number of geriatric population is expected to increase in coming years who are more prone to disorders such as obesity, back pain and other spinal related disorders which ultimately rises the growth of the market in near future.

There have been significant advancements in the field of minimally invasive lumbar fusions. The high adoption rates of minimally invasive procedures, such as transforaminal lumbar interbody fusion (TLIF) and posterior lumbar interbody fusion (PLIF), are contributing towards the growth of the market.

Competitive Landscape

The India Spinal Surgery Devices Marke is Consolidated competitive. Due to the increasing prevalence of chronic disorders in India, it has been an attractive market for many global players. International players like Medtronic PLC, Stryker Corporation, and Depuy Synthes Spine Inc. have already established their presence in the spinal surgery devices market in India. As these market players have funds for research and a better distribution system, they have established their position in the market.

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