Global Sacroiliac Joint Fusion Market Anticipated to Witness High Growth Owing to Rising Prevalence of Sacroiliac Joint Pain
The global sacroiliac joint fusion market is primarily driven by the increasing prevalence of sacroiliac joint pain. Sacroiliac joint pain, also known as sacroiliitis, is characterized by severe pain in the lower back and buttocks region. It occurs due to inflammation or tearing of the ligaments holding together the sacrum and ilium bones at the back of the pelvis.
Sacroiliac Joint Fusion procedures are minimally invasive surgical techniques used to stabilize the sacroiliac joint through the use of various implant devices such as rods, screws, and plates.
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. SI-BONE dominate the market.
The key opportunities in the market include the introduction of new minimally invasive surgical techniques and implant solutions which provide enhanced safety, efficacy and faster recovery for patients suffering from sacroiliac joint dysfunction.
The major players are focusing on expanding their presence globally, especially in emerging markets in Asia Pacific and Latin America through partnerships and acquisitions. For instance, in 2022, NuVasive acquired Simplify Medical to expand its portfolio of motion preservation and Minimally Invasive Spine solutions.
Market Drivers
Rising Prevalence Of Sacroiliac Joint Pain: The increasing occurrence of sacroiliac joint dysfunction due to conditions like osteoarthritis or trauma is a major factor fueling market growth. According to studies, 15-30% of the population experiences sacroiliac joint pain at some point.
Adoption Of Minimally Invasive Procedures: Minimally invasive sacroiliac joint fusion procedures provide benefits like less pain, fewer complications, shorter hospital stays and quicker recovery time compared to open surgeries. This increases patient preference and demand.
Market Restraints
High Cost Of Surgical Procedures: Sacroiliac joint fusion surgeries involve the use of expensive medical devices like rods, plates and the additional costs of postoperative care which increases the overall cost burden on patients. This could limit widespread adoption.
Lack Of Awareness: Many patients remain misdiagnosed or face delays in receiving proper treatment since sacroiliac joint dysfunction is difficult to diagnose and many physicians lack expertise in this area. This hinders market growth.
Segment Analysis
Cannulated SI screw fixation dominates the global sacroiliac joint fusion market, accounting for over 40% share. This is because cannulated SI screw fixation procedures are minimally invasive with shorter hospital stays and recovery times for patients compared to traditional surgery. Open surgical procedures involve a bigger incision and a longer hospital stay for recovery. Percutaneous SI joint fusion is the fastest growing segment and is expected to witness high double digit growth through 2031 due to better clinical outcomes and shorter procedure times for surgeons compared to open surgeries.
Global Analysis:
North America dominates the global sacroiliac joint fusion market and is estimated to account for over 50% market share through 2031. High prevalence of sacroiliac joint disorders in the US, availability of advanced treatment options, and favorable reimbursement policies drive the North American market. Europe is the second largest market supported by rising geriatric population and increasing cases of degenerative diseases. Asia Pacific is projected to witness the highest growth during the forecast period owing to growing medical tourism, rising healthcare spending, and increasing awareness about SI joint disorders in countries like China, India, and Japan.
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?
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Author Bio:
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. (https://www.linkedin.com/in/money-singh-590844163)
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