Mis Sacroiliac Joint Fusion Market Introduction
The sacroiliac joint is located in the pelvis and connects the sacrum (the triangular bone at the bottom of the spine) to the ilium (the large bone of the pelvis). The joint is essential for supporting the upper body and transferring weight from the spine to the legs.Sacroiliac joint dysfunction occurs when there is abnormal motion in the joint, causing pain and discomfort in the lower back, buttocks, and legs. This condition affects approximately 15-30% of individuals with chronic lower back pain.Sacroiliac joint fusion is a surgical procedure that involves permanently fusing the sacrum and ilium bones to stabilize the joint and reduce pain. The procedure typically involves the use of screws or plates to hold the bones together while they heal.The sacroiliac joint fusion market has experienced significant growth in recent years due to the increasing prevalence of sacroiliac joint dysfunction and the growing awareness of the effectiveness of sacroiliac joint fusion in treating the condition.Several companies currently offer sacroiliac joint fusion systems, including SI-BONE, Inc., Zimmer Biomet, Medtronic, Globus Medical, Inc., and Stryker Corporation. These companies offer a range of products, including minimally invasive surgical systems and advanced implant materials.The global sacroiliac joint fusion market is expected to continue to grow in the coming years, driven by the increasing prevalence of sacroiliac joint dysfunction and the expanding range of treatment options available to patients. However, the market may face challenges related to reimbursement policies and the availability of skilled healthcare professionals trained in sacroiliac joint fusion procedures.
Mis Sacroiliac Joint Fusion Market Size
The global sacroiliac joint fusion market size was valued at USD 345.2 million in 2020 and is projected to grow at a compound annual growth rate (CAGR) of 7.1% from 2021 to 2028.Factors driving the growth of the sacroiliac joint fusion market include the increasing prevalence of sacroiliac joint dysfunction, growing awareness and adoption of minimally invasive surgical procedures, and technological advancements in surgical techniques and implant materials.The market is segmented by procedure type, product type, end-user, and geography. Based on the procedure type, the market is segmented into open surgery and minimally invasive surgery. By product type, the market is segmented into screws and rods, plates, cages, and others. Based on end-users, the market is segmented into hospitals, ambulatory surgical centers, and others.Geographically, North America dominated the sacroiliac joint fusion market in 2020 due to the high prevalence of sacroiliac joint dysfunction, a well-established healthcare infrastructure, and increasing adoption of minimally invasive surgical procedures. However, the Asia Pacific region is expected to witness significant growth in the coming years due to the growing healthcare expenditure, increasing adoption of advanced surgical techniques, and rising awareness about sacroiliac joint dysfunction and its treatment options.Overall, the sacroiliac joint fusion market is expected to continue to grow in the coming years due to the increasing demand for effective treatment options for sacroiliac joint dysfunction and the growing availability of advanced surgical techniques and implant materials.
Mis Sacroiliac Joint Fusion Market Share
The sacroiliac joint fusion market is highly competitive, with several major players operating in the market. The leading players in the global sacroiliac joint fusion market include:
- SI-BONE, Inc.
- Medtronic
- Stryker Corporation
- Zimmer Biomet
- Globus Medical, Inc.
- RTI Surgical, Inc.
- NuVasive, Inc.
- Life Spine, Inc.
- Paradigm Spine, LLC
- CoreLink, LLC
In 2020, SI-BONE, Inc. held the largest share of the sacroiliac joint fusion market, followed by Medtronic and Stryker Corporation. SI-BONE's dominance in the market is attributed to the company's focus on developing and marketing minimally invasive surgical systems for sacroiliac joint fusion.Other leading companies in the market, such as Medtronic and Stryker Corporation, have a broader portfolio of medical devices and offer a range of products for various surgical procedures, including sacroiliac joint fusion.The sacroiliac joint fusion market is expected to remain highly competitive in the coming years, with companies focusing on innovation and product development to maintain their market position. The market is also expected to witness increased consolidation through mergers and acquisitions as companies seek to expand their product portfolios and increase their market share.
Mis Sacroiliac Joint Fusion Market Trends
There are several trends in the sacroiliac joint fusion market that are shaping the industry and are expected to continue in the coming years. Some of the key trends in the market include:
- Increasing adoption of minimally invasive surgical techniques: Minimally invasive surgical techniques have gained significant popularity in recent years due to their numerous benefits over traditional open surgery, including reduced surgical trauma, shorter hospital stays, and faster recovery times. As a result, there is a growing trend towards the adoption of minimally invasive surgical techniques for sacroiliac joint fusion.
- Technological advancements in surgical techniques and implant materials: There have been significant advancements in surgical techniques and implant materials used in sacroiliac joint fusion procedures, which have contributed to improved outcomes and reduced complications. Advancements in technology have also led to the development of new implant materials, such as porous titanium and 3D-printed implants, which are expected to drive market growth in the coming years.
- Rising prevalence of sacroiliac joint dysfunction: The prevalence of sacroiliac joint dysfunction is increasing globally, particularly among older adults and those with a history of spinal or pelvic trauma. This is driving demand for effective treatment options, such as sacroiliac joint fusion.
- Increasing investment in research and development: Companies in the sacroiliac joint fusion market are investing heavily in research and development to develop new surgical techniques and implant materials that can improve patient outcomes and reduce complications.
- Growing focus on outpatient procedures: There is a growing trend towards performing sacroiliac joint fusion procedures on an outpatient basis, which is expected to reduce healthcare costs and improve patient satisfaction.
Overall, these trends are expected to shape the sacroiliac joint fusion market in the coming years, driving growth and innovation in the industry.
Mis Sacroiliac Joint Fusion Market Driving factors
The sacroiliac joint fusion market is being driven by several factors, including:
- Increasing prevalence of sacroiliac joint dysfunction: The rising prevalence of sacroiliac joint dysfunction is one of the primary factors driving the growth of the market. This condition can cause significant pain and discomfort, and there is a growing demand for effective treatment options such as sacroiliac joint fusion.
- Growing awareness and adoption of minimally invasive surgical procedures: Minimally invasive surgical techniques are becoming increasingly popular for sacroiliac joint fusion procedures due to their numerous benefits over traditional open surgery. This includes reduced surgical trauma, shorter hospital stays, and faster recovery times. As a result, there is a growing demand for minimally invasive surgical procedures, which is driving market growth.
- Technological advancements in surgical techniques and implant materials: There have been significant advancements in surgical techniques and implant materials used in sacroiliac joint fusion procedures, which have contributed to improved outcomes and reduced complications. This has driven increased adoption of sacroiliac joint fusion procedures, further contributing to market growth.
- Increasing healthcare expenditure: Rising healthcare expenditure, particularly in emerging markets, is expected to drive demand for sacroiliac joint fusion procedures in the coming years. As healthcare infrastructure and access to care improve in these markets, more patients will have access to surgical treatment options for sacroiliac joint dysfunction.
- Growing geriatric population: The aging population is a key driver of the sacroiliac joint fusion market, as older adults are more prone to developing sacroiliac joint dysfunction. As the geriatric population grows globally, the demand for sacroiliac joint fusion procedures is expected to increase.
Overall, these factors are expected to continue to drive the growth of the sacroiliac joint fusion market in the coming years.
Mis Sacroiliac Joint Fusion Market Reginal Analysis
The sacroiliac joint fusion market is analyzed regionally, and the market dynamics in different regions can vary significantly. Here is a brief overview of the regional analysis of the sacroiliac joint fusion market:
- North America: North America is the largest market for sacroiliac joint fusion, accounting for a significant share of the global market. This is due to the high prevalence of sacroiliac joint dysfunction in the region, along with the presence of a large number of key market players. The United States is the largest market in the region, followed by Canada.
- Europe: Europe is the second-largest market for sacroiliac joint fusion, driven by the increasing adoption of minimally invasive surgical procedures and the growing prevalence of sacroiliac joint dysfunction. The United Kingdom, Germany, France, and Italy are the major markets in the region.
- Asia Pacific: Asia Pacific is expected to be the fastest-growing region in the sacroiliac joint fusion market, driven by the rising healthcare expenditure, growing awareness of minimally invasive surgical techniques, and increasing prevalence of sacroiliac joint dysfunction. China, Japan, India, and South Korea are the major markets in the region.
- Latin America: Latin America is a small but growing market for sacroiliac joint fusion, driven by the increasing adoption of minimally invasive surgical procedures and rising healthcare expenditure. Brazil and Mexico are the major markets in the region.
- Middle East and Africa: The Middle East and Africa are emerging markets for sacroiliac joint fusion, driven by the improving healthcare infrastructure and rising healthcare expenditure in the region. The United Arab Emirates, Saudi Arabia, and South Africa are the major markets in the region.
Overall, the sacroiliac joint fusion market is expected to witness significant growth in all regions due to the increasing prevalence of sacroiliac joint dysfunction and the growing adoption of minimally invasive surgical techniques.
Mis Sacroiliac Joint Fusion Market Forecasts 2030
The sacroiliac joint fusion market is expected to grow significantly in the coming years, driven by several factors such as the increasing prevalence of sacroiliac joint dysfunction, growing adoption of minimally invasive surgical procedures, and technological advancements in surgical techniques and implant materials. Based on these trends, here are the market forecasts for the sacroiliac joint fusion market through 2030:
- Market Size: The global sacroiliac joint fusion market is expected to grow at a CAGR of around 5% from 2021 to 2030. By the end of 2030, the market is projected to reach USD 700 million.
- Product Type: The non-resorbable material segment is expected to hold the largest market share during the forecast period due to its superior mechanical properties and biocompatibility.
- Procedure Type: The minimally invasive procedure segment is expected to witness significant growth during the forecast period due to its numerous benefits over traditional open surgery, such as reduced surgical trauma, shorter hospital stays, and faster recovery times.
- End User: The hospital segment is expected to hold the largest market share during the forecast period due to the increasing number of surgical procedures performed in hospitals and the availability of advanced surgical equipment.
- Region: Asia Pacific is expected to witness the highest growth rate during the forecast period, driven by the rising healthcare expenditure, growing awareness of minimally invasive surgical techniques, and increasing prevalence of sacroiliac joint dysfunction.
Overall, the sacroiliac joint fusion market is expected to continue to grow in the coming years, driven by the increasing demand for effective treatment options for sacroiliac joint dysfunction and the adoption of minimally invasive surgical techniques.
Mis Sacroiliac Joint Fusion Market Key Industry Players
The sacroiliac joint fusion market is highly competitive, with many key industry players operating in the market. Here are some of the major players in the market:
- Zimmer Biomet: Zimmer Biomet is a global leader in musculoskeletal healthcare and offers a range of products for sacroiliac joint fusion, including the SImmetry Sacroiliac Joint Fusion System.
- SI-BONE, Inc.: SI-BONE, Inc. is a medical device company that specializes in minimally invasive surgical products for the treatment of sacroiliac joint dysfunction. Their iFuse Implant System is a minimally invasive surgical option for sacroiliac joint fusion.
- Globus Medical, Inc.: Globus Medical, Inc. is a leading medical device company that offers a range of products for spine surgery, including the SI-LOK Sacroiliac Joint Fixation System for sacroiliac joint fusion.
- Medtronic plc: Medtronic plc is a global leader in medical technology and offers a range of products for sacroiliac joint fusion, including the RIALTO MIS Interbody System and the INFUSE Bone Graft.
- RTI Surgical Holdings, Inc.: RTI Surgical Holdings, Inc. is a global surgical implant company that offers a range of products for spine surgery, including the Fortilink-C IBF System for sacroiliac joint fusion.
- Life Spine, Inc.: Life Spine, Inc. is a medical device company that offers a range of products for spine surgery, including the PROLIFT Expandable Interbody System and the CENTRIC-T Pedicle-Based Retractor System for sacroiliac joint fusion.
- Johnson & Johnson: Johnson & Johnson is a global healthcare company that offers a range of medical devices for spine surgery, including the EXPEDIUM Spine System and the SOLUMBRA Spinal Implant System for sacroiliac joint fusion.
These companies are investing heavily in research and development to introduce innovative and advanced products to the market, and are also engaged in strategic partnerships and collaborations to strengthen their market position.