by The global sacroiliac joint fusion market is primarily driven by the rising incidences of sacroiliac joint dysfunctions. Sacroiliac joint fusion is a surgical procedure used to treat sacroiliac joint dysfunction which involves the fusion or joining of the sacrum and ilium using screws, rods or other implants. Sacroiliac joint dysfunction, also known as sacroiliitis, is a medical condition characterized by inflammation or degeneration in the sacroiliac joint which connects the sacrum to the pelvis. It causes symptoms like lower back pain, groin pain and difficulty moving the legs and hips. With rising stress levels and sedentary lifestyles, cases of sacroiliac joint dysfunctions have increased substantially over the years. This growing patient pool is fueling the demand for sacroiliac joint fusion procedures globally.
The Global sacroiliac joint fusion market is estimated to be valued at US$ 625.3 Mn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024-2031.
Key Takeaways
Key players operating in the global sacroiliac joint fusion market are SI-BONE, Medtronic, SIGNUS Medizintechnik GmbH, Xtant Medical, Life Spine, Globus Medical, CoreLink, Orthofix, Zyga Technology, Alphatec Spine, Integra LifeSciences, DePuy Synthes, NuVasive, and RTI Surgical.
The key opportunities in the global Sacroiliac Joint Fusion market include development of minimally invasive surgical techniques and biologics for sacroiliac joint fusion. With advancements in medical technology, minimally invasive sacroiliac joint fusion procedures are gaining popularity as they allow for reduced recovery timelines. Development of bone graft substitutes and biologics can further boost fusion rates and clinical outcomes of sacroiliac joint fusion surgeries.
The global sacroiliac joint fusion market is also witnessing expansion in Asia Pacific and Latin America. Growing medical infrastructure and increasing healthcare expenditures in developing nations are attracting global players to establish manufacturing and distribution networks in these emerging regions. This is helping expand access to sacroiliac joint fusion procedures.
Market Drivers
The rising geriatric population is a major market driver for the global sacroiliac joint fusion market. Older individuals are at a higher risk of developing degenerative diseases of joints like sacroiliac joint dysfunction. According to the United Nations, the number of people aged 65 years and above is projected to increase from 703 million in 2019 to 1.5 billion by 2050 globally. The aging demographics will subsequently fuel the demand for sacroiliac joint fusion procedures over the forecast period.
PEST Analysis
Political: The sacroiliac joint fusion market is regulated by stringent medical device regulations. Any new devices require extensive clinical trials and regulatory approvals before being commercialized.
Economic: Rising healthcare expenditure globally is driving demand for minimally invasive spine procedures and surgical interventions for treatment of low back pain. Development of new generation bone fusion devices also supplement market growth.
Social: Increasing incidence of low back pain and spinal disorders due to sedentary lifestyles and obese population is a key factor driving demand for surgical interventions like sacroiliac joint fusion.
Technological: Advancements in minimally invasive fusion device designs, materials and surgical techniques allow for shorter hospital stays and faster recovery times. Adoption of 3D printing, robotics and AI also aid in pre-operative planning and navigation during sacroiliac joint fusion procedures.
The North American region currently dominates the global sacroiliac joint fusion market in terms of value. High patient acceptance for minimally invasive procedures, availability of advanced healthcare facilities and reimbursement coverage for spine surgeries drive the large market size.
The Asia Pacific region is projected to be the fastest growing market for sacroiliac joint fusion. Rapidly developing healthcare infrastructure, rising medical tourism, growing obese population and economic development in countries like China and India are factors fueling the high growth rates witnessed.
What Are The Key Data Covered In This Global Sacroiliac Joint Fusion Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Global Sacroiliac Joint Fusion’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Global Sacroiliac Joint Fusion and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Global Sacroiliac Joint Fusion Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Global Sacroiliac Joint Fusion vendors
FAQ’s
Q.1 What are the main factors influencing the Global Sacroiliac Joint Fusion?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global Sacroiliac Joint Fusion companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Sacroiliac Joint Fusion’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
