Global spinal fusion market to grow at 2.3% CAGR until 2033

PEEK interbody devices are expected to lead the sector.

The global spinal fusion market is projected to grow at a 2.3% compound annual growth rate (CAGR) until 2033, according to GlobalData.

Currently, pedicle screw systems hold the largest market share within the sector. However, interbody devices, particularly those constructed from polyether ether ketone (PEEK) are rapidly gaining ground and are expected to witness a 5.9% CAGR over the same period.

“These projections suggest that whilst traditional devices maintain their impact on the market, interbody devices will play an increasingly significant role in shaping the future of spinal fusion,” Thomas Fleming, Medical Analyst at GlobalData, said.

The analyst also noted that the rise in spinal fusion procedures is closely linked to the growing elderly population. 

“With evolving demographics driving the spinal fusion market, developing technologies will define the leading devices in the market,” Fleming added.