Japan Spinal Surgery Devices and Equipment Market Size, Share, and COVID-19 Impact Analysis, By Type (Spinal Decompression, Spinal Fusion, Fracture Repair Devices, Others), By Procedure Type (Discectomy, Laminotomy, Foraminotomy, Corpectomy, Facetectomy), and Japan Spinal Surgery Devices and Equipment Market Insights Forecasts to 2032

Japan Spinal Surgery Devices and Equipment Market Insights Forecasts to 2032

• The Japan Spinal Surgery Devices and Equipment Market Size was valued at USD 886.5 Million in 2022.
• The Market Size is Growing at a CAGR of 7.2% from 2022 to 2032.
• The Japan Spinal Surgery Devices and Equipment Market Size is Expected to Reach USD 1776.5 Million by 2032.

The Japan Spinal Surgery Devices and Equipment Market Size is Expected to Reach USD 1776.5 Million by 2032, at a CAGR of 7.2% during the forecast period 2022 to 2032.

Market Overview

Spinal surgery devices are specialized medical instruments designed to treat and correct spinal conditions and deformities. These devices have important characteristics such as adaptability, resilience, and compatibility with the human spine. They are typically made of titanium, cobalt-chromium alloys, or bio-absorbable materials to ensure proper integration within the vertebral column. Spinal surgery devices include fusion devices such as rods and screws, disc replacements for degenerated or herniated discs, and spinal alignment stabilization systems. Their primary function is to restore spinal alignment, relieve pain, and improve overall spinal function in patients suffering from conditions such as scoliosis, spinal stenosis, or herniated discs.

Report Coverage

This research report categorizes the market for Japan spinal surgery devices and equipment market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan spinal surgery devices and equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan spinal surgery devices and equipment market.

Driving Factors

There are several developments in spine surgery technologies which aids to grow Japan spinal surgery devices and equipment market during the forecast period. Various technological advancements, such as the creation of advanced bone grafting products and the use of materials that are more durable than metal, are driving market growth. Also, the prevalence of spinal diseases is increasing. Degenerative spinal diseases are becoming more common in the world's population. Many people in Japan suffer from degenerative spine disease, which is expected to fuel the growth of the Japan spinal surgery devices and equipment market. Moreover, in the industry, rising spondylosis incidences in the geriatric population are expected to boost demand for spinal implants and surgical devices. Furthermore, the growing number of hospitals and surgical centers is expected to provide potential opportunities for the spinal implants and surgical devices market to grow during the forecast period.

Restraining Factors

The increased cost of treatment procedures, on the other hand, is expected to hamper the growth of the Japan spinal surgery devices and equipment market during the forecast period. However, a lack of physicians and limited awareness/education may pose additional challenges to the growth of the Japan spinal surgery devices and equipment market in the near future.

Market Segment

• In 2022, the spinal fusion segment accounted for the largest revenue share over the forecast period.

Based on the type, Japan’s spinal surgery devices and equipment market is segmented into spinal decompression, spinal fusion, fracture repair devices, and others. Among these, the spinal fusion segment has the largest revenue share over the forecast period. A neurosurgical or orthopaedic surgical technique that joins two or more vertebrae is known as spinal fusion. This procedure prevents movement between the fused vertebrae and can be performed at any level of the spine (cervical, thoracic, or lumbar). Spinal fusion is most commonly used to relieve pain and pressure on the spinal cord caused by disc wear caused by degenerative disc disease. Spinal stenosis, spondylolisthesis, spondylosis, spinal fractures, scoliosis, and kyphosis are some of the other common pathological conditions treated by spinal fusion.

• In 2022, the laminotomy segment accounted for the largest revenue share over the forecast period.

Based on procedure type, the Japan spinal surgery devices and equipment market is segmented into discectomy, laminotomy, foraminotomy, corpectomy, and facetectomy. Among these, the laminotomy segment has the largest revenue share over the forecast period, owing to this is among the most often carried out spine operations. Combinations of discectomy and laminectomy are routinely carried out. These decompressive procedures are the ones that are performed most commonly in the Japan.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within Japan’s spinal surgery devices and equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• ZimVie
• Stryker Corporation
• Medtronic PLC
• Globus Medical Inc.
• NuVasive Inc.
• DePuy Synthes
• Zimmer Biomet Holdings, Inc.
• B. Braun Melsungen AG
• Alphatec Holdings, Inc.
• Aesculap Implant Systems, LLC
• Orthofix Medical Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In October 2022, Philips expanded the rollout of its ClrifEye augmented reality (AR) surgical navigation solution to Japan, citing positive results in the first patients treated in Tokyo. ClarifEue assisted surgeons at the hospital in successfully treating patients with spinal stenosis and scoliosis using minimally invasive image-guided procedures.

• In June 2022, SeaSpine Holdings Corporation, a global medical technology company focused on surgical solutions for spinal disorders, announced the full commercial launch of its 3D-printed WaveForm TO (TLIF Oblique) Interbody System.

Market Segment

This study forecasts revenue at regional, and country levels from 2021 to 2032. Spherical Insights has segmented Japan’s spinal surgery devices and equipment market based on the below-mentioned segments:

Japan Spinal Surgery Devices and Equipment Market, By Type

• Spinal Decompression
• Spinal Fusion
• Fracture Repair Devices
• Others

Japan Spinal Surgery Devices and Equipment Market, By Procedure Type

• Discectomy
• Laminotomy
• Foraminotomy
• Corpectomy
• Facetectomy