May 22, 2024
Global Sacroiliac Joint Fusion Market

The Global Sacroiliac Joint Fusion Market Is Gaining Traction through Minimally Invasive Techniques Is the One Line Title

Sacroiliac joint fusion involves fusing the sacroiliac joint using various techniques and implants to eliminate pain originated from the joint. Sacroiliac joint fusion procedures are performed to treat sacroiliac joint dysfunction or degenerative sacroiliitis. Sacroiliac joints connect the sacrum to the iliac bones and help to distribute the forces from the spine to the pelvis and lower extremities. Sacroiliac joint disorders occur due to structural deformities, traumatic injuries, or osteoporosis which can result in chronic sacroiliac joint pain especially during activities involving bending, lifting, or twisting. Sacroiliac joint fusion aims to fuse the joining surfaces of the sacrum and iliac using implants and techniques to restrict movements and eliminate pain.

The Global Sacroiliac Joint Fusion Market Size 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.

Growing demand for minimally invasive techniques in sacroiliac joint fusion procedures is expected to drive the market growth. Minimally invasive sacroiliac joint fusion enables shorter hospital stay and recovery time along with less post-operative pain.
Increasing awareness about sacroiliac joint disorders and the availability of advanced sacroiliac joint fusion devices are prompting medical technology companies to strengthen their geographic presence worldwide. Various players are exploring opportunities in developing regions to meet the rising demand.

Market Key Trends

Adoption of robotics and navigation systems in sacroiliac joint fusion is a key trend. Integrating robotics and navigation provides accurate rod placement and customized solutions by analyzing pre-operative images and virtually simulating procedures. It facilitates minimal invasiveness by assisting in improved visualization and precision during surgery thereby reducing risk of trauma to muscles and nerves. Further, augmented intelligence technologies are being explored to analyze pre-op and intra-op images to assess optimal implant sizes which can automate sacroiliac joint fusion procedures and benefit patients.

Porter’s Analysis

Threat Of New Entrants: New players find it difficult to enter the market due to requirement of large capital investments in R&D and need to comply with stringent regulations.
Bargaining Power Of Buyers: Individual patients have lower bargaining power but group purchasing organizations have higher bargaining power due to large volumes of purchases.
Bargaining Power Of Suppliers: A few large companies dominate the supply of materials and components used in sacroiliac joint fusion surgeries giving them higher bargaining power over device manufacturers.
Threat Of New Substitutes: Alternative treatment options like medications and physical therapy pose lower threat given limited success rates for sacroliitis treatment.
Competitive Rivalry: Sacroiliac joint fusion device market is competitive with presence of some large and mid-sized players focussing on product innovation and geographic expansion to gain market share.

Geographical Regions

North America accounted for the largest share of the global sacroiliac joint fusion market in terms of value in 2024, due to growing prevalence of sacroiliac joint disorders, favourable reimbursement policies, and new product launches. Asia Pacific region is expected to witness the highest growth during the forecast period, owing to rising healthcare expenditure, growing medical tourism, and increasing focus of international players on expanding presence in Asia Pacific countries.

The sacroiliac joint fusion market in Latin America is projected to grow at the fastest pace during the forecast period, driven by growing demand for advanced treatment options such as minimally invasive sacroiliac joint fusion surgeries, and increasing adoption of medical technologies in Brazil and Mexico. Additionally, presence of large patient pool suffering from sacroiliac joint disorders in Latin American countries also supports market growth in the region.

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 Market’s growth between 2024 and 2031.

:- Accurate calculation of the size of the Global Sacroiliac Joint Fusion  Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behavior

:- Global Sacroiliac Joint Fusion  Market 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  Market vendors

FAQ’s

Q.1 What are the main factors influencing the Global Sacroiliac Joint Fusion market?
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 Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global Sacroiliac Joint Fusion market’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: CoherentMI, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it