The developments in spine surgery and advancements in associated technology have produced stable growth in volumes of surgeries. Companies involved in spinal surgery devices focus intensively on technological advancement. With recent developments like spinal navigation technology, newer minimally invasive techniques are expected to become available, enabling the integration of emerging technology in spinal surgery devices. Spinal navigation technology enables the surgeon to place spinal instrumentation more accurately, perform decompression, and remove tumors, among other tasks. Such advances may result in smaller incisions, less trauma to normal tissues, faster healing time, and quicker recovery. The other factors, such as increasing adoption of minimally invasive surgeries, are also expected to drive the market during the forecast period.
Key Market Trends
Interbody Fusion Sub-segment is Expected to Show Better Growth over the Forecast Period
The spinal fusion segment is sub-segmented into cervical fusion, interbody fusion, thoracolumbar fusion, and other spinal fusions. The growth of the interbody fusion sub-segment is mainly attributed to the rising number of spinal injuries and increasing geriatric population. Interbody fusion places the bone graft between vertebrae in the area usually occupied by the intervertebral disc; fusion then occurs between endplates of the vertebrae. Many products available in the market provide conventional, yet effective treatments to patients. The significant advancements in the field of spinal surgery devices are expected to contribute toward the market expansion. Hence, owing to the aforementioned factors, the segment is believed to witness rapid growth over the forecast period.
The market studied is moderately competitive and there are several global players that are operating in Mexico. The global players in the Mexican spinal surgery devices market are B. Braun Melsungen AG, Globus Medical Inc., Johnson & Johnson, Medtronic PLC, Orthofix Holdings Inc., Styker Corporation, and Zimmer Biomet.
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