Thoracolumbar Stabilization Device Market Size & Share, by Device Type (Anterior Stabilization, Posterior Stabilization and Retractors); Device Material (Titanium and Stainless Steel) and By End User (Hospitals, Clinics, Ambulatory Surgical Centres) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 672
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Thoracolumbar Stabilization Device Market size was valued at USD 1.28 billion in 2024 and is set to exceed USD 2.6 billion by 2037, registering over 5.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of thoracolumbar stabilization device is evaluated at USD 1.34 billion.

According to National Spinal Cord Injury Statistical Centre (NSCISC), USA records nearly 17,700 new spinal cord injury cases every year. Spinal injuries and back pains are among the most prevalent health issue conditions which is anticipated to be one of the major factors that is contributing to the growth of global thoracolumbar stabilization device market in the forecast period.


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Thoracolumbar Stabilization Device Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Cases of Spinal Injuries
    According to National Spinal Cord Injury Statistical Center (NSCISC), the total number of people living in the USA with spinal cord injury rose to approximately 288,000 in 2018 from 285,000 in 2017.

    Spinal injury is a major concern amongst individuals of varied age groups worldwide. It is caused due to bad posture habits or at times due to internal injury. People having spinal injury can obtain thoracolumbar stabilization process to stabilize their spinal injury. The increasing incidences of spinal cord injury around the world is further anticipated to drive the growth of the global thoracolumbar stabilization device market.
  • Improving Healthcare Facilities 
    As per World Bank data, per capita spending on healthcare by governments across the globe in 2016 was 940.61$. A lot more focus is now given on healthcare by the governments of countries all over the world owing to the increasing concern for health diseases that is growing parallel worldwide. Medical facilities are also working constantly on improving the standard and quality of stabilization devices. These combined efforts by government and medical fraternity will aid the growth of the thoracolumbar stabilization device market. 
  • Importance of Vertebral Health in Improving Quality of Life 
    Per capita disposable income across the globe is on a rise leading to a change in the standard of living. Also people are getting conscious about vertebral health. It is considered as an important factor in improving the quality of life. This factor has given a rise in the demand for stabilizing devices.

Challenges

  • High Initial Investment of Devices to Hamper Market Growth
    The initial cost linked with these devices is very high which makes it difficult for commoners to afford it. Penetrating the markets of developing countries where per capita income is low, imposes a stiff challenge in the growth of thoracolumbar stabilization device market.
  • Lack of Required Equipment and Device Manufacturers to Hamper the Market Growth
    Despite the improving healthcare infrastructure, there is a shortage of necessary equipment in order to meet the growing global demand. Not only this, there is a lack of skilled labour in the research and development area as well which may lead to some resistance in the growth of thoracolumbar stabilization devices market in the future.

Thoracolumbar Stabilization Device Market: Key Insights
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Thoracolumbar Stabilization Device Segmentation

Thoracolumbar Stabilization Device Segmentation

The device type segment is further sub-segmented into anterior stabilization, posterior stabilization and retractors. Posterior stabilization devices segment is anticipated to grow at the highest rate in terms of revenue in the thoracolumbar stabilization device market on account of usage of posterior stabilization in most of the primary implant cases. Moreover, in the material segment, titanium stabilization devices segment holds a strong presence in the market owing to the popularity it gained from its light weight and dynamic nature. Such factors are anticipated to boost the growth of posterior stabilization segment in the global thoracolumbar stabilization device market. 

Our in-depth analysis of the global market includes the following segments

By Device Type

  • Anterior Stabilization
  • Posterior Stabilization
  • Retractors

By Device Material

  • Titanium
  • Stainless Steel

By End User

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centres

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Thoracolumbar Stabilization Device Industry - Regional Synopsis

On the basis of regional analysis, the global thoracolumbar stabilization device market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America industry is anticipated to account for largest revenue share by 2037, impelled by growing cases of spinal and back injuries in the region. Moreover, the growing cases of spinal and back injuries in this region which further increases the product demand. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of large pool of patients, developing healthcare infrastructure and growing awareness among people in this region. The improving healthcare facilities in the region, especially in countries such as China, India and Japan further raise the demand for thoracolumbar stabilization devices.

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Companies Dominating the Thoracolumbar Stabilization Device Landscape

    • Medtronic PLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Zimmer Biomet Holdings Inc.
    • Medyssey Co. Ltd.
    • DePuy Synthes Company (Johnson & Johnson)
    • Stryker Corporation
    • B. Braun Melsungen AG
    • NuVasive, Inc.
    • Yellowsteps SAS
    • Aesculap Implant Systems, LLC
    • Ulrich Medical

In the News

  • In February 2020, two spinal devices from Stryker Corporation received FDA 510(k) clearance for safety. Stryker corporations designed and developed Yukon OCT spinal system and Mojave expandable interbody system for providing spinal stabilization. 
  • In December 2018, Medtronics acquired Mazor robotics with a plan of using Mazor X’s robotic guidance system in their spinal implants, navigation, and 3D imaging technology.

Author Credits:  Radhika Pawar


  • Report ID: 672
  • Published Date: Dec 23, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of thoracolumbar stabilization device is evaluated at USD 1.34 billion.

Thoracolumbar Stabilization Device Market size was valued at USD 1.28 billion in 2024 and is set to exceed USD 2.6 billion by 2037, registering over 5.6% CAGR during the forecast period i.e., between 2025-2037.

North America industry is anticipated to account for largest revenue share by 2037, impelled by growing cases of spinal and back injuries in the region.

The major players in the market are Zimmer Biomet Holdings Inc., Medyssey Co. Ltd., DePuy Synthes Company (Johnson & Johnson), Stryker Corporation, B. Braun Melsungen AG, NuVasive, Inc., Yellowsteps SAS, Aesculap Implant Systems, LLC, Ulrich Medical, and others.
Thoracolumbar Stabilization Device Market Report Scope
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