Global Sacroiliac Joint Fusion Market is Segmented By Product Type (Minimally Invasive SI Joint Fusion Devices, Open Surgery SI Joint Fusion Devices, ....
Market Size in USD Mn
CAGR13.6%
Study Period | 2023 - 2030 |
Base Year of Estimation | 2022 |
CAGR | 13.6% |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players | SI-BONE, Medtronic, SIGNUS Medizintechnik GmbH, Xtant Medical, Life Spine and Among Others. |
The global sacroiliac joint fusion market size is expected to reach US$ 1,525.1 Mn by 2030, from US$ 625.3 Mn in 2023, at a CAGR of 13.6% during the forecast period. Sacroiliac (SI) joint fusion is a minimally invasive surgical procedure that fuses the iliac bone to the spine’s sacrum for stabilization. It helps in alleviating chronic lower back and leg pain arising from sacroiliac joint dysfunction. The surgery is performed using specially designed implants, screws, rods, and bone grafts to stabilize the joint.
The sacroiliac joint (SIJ) connects the sacrum to the ilium bones of the pelvis. SIJ dysfunction can cause lower back and pelvic pain. There are several SIJ fusion devices and procedures available to treat chronic SIJ pain that has not responded to more conservative therapies. The main device types are rods, plates, and screws. Rod systems like iFuse involve inserting triangular titanium implants across the SIJ to permanently stabilize the joint. Plate systems like SI-BONE's iFuse-3D use a triangular titanium implant attached to a plate on one side for fixation.
The global sacroiliac joint fusion market is segmented based on product, indication, end users, and region. By product, the minimally invasive SI joint fusion devices segment accounts for the largest share. The growth is attributed to the benefits of minimally invasive procedures, shorter recovery times, and fewer complications.
Global Sacroiliac Joint Fusion Market Drivers:
Global Sacroiliac Joint Fusion Market Opportunities:
Global Sacroiliac Joint Fusion Market Restraints:
Analyst’s Views: The sacroiliac joint fusion market is expected to grow steadily driven by the rising geriatric population and increasing prevalence of degenerative diseases. The growing number of people suffering from arthritis, spondylitis, and lower back pain will drive the uptake of minimally invasive SI joint fusion procedures. Additionally, growing awareness about the benefits of fusion over medication and the availability of new generation bone graft materials will support the market expansion. However, the high cost of these specialized fusion surgeries and longer learning curve for surgeons may restrain the market growth in the short term.
The North America region currently dominates the sacroiliac joint fusion market owing to the presence of major players and the availability of reimbursement policies. In the coming years, Asia Pacific is likely to witness fastest growth fueled by the growing medical tourism industry and increasing patient population within developing countries. Furthermore, favorable regulations and improving healthcare infrastructure will boost the adoption of technologically advanced fusion methods. Among various product types, bone graft substitutes are expected to gain popularity globally due to their ability to facilitate fusion and relieve pain.
Global Sacroiliac Joint Fusion Market Regional Insights:
Figure 1. Global Sacroiliac Joint Fusion Market Share (%), By Region, 2023
Major players operating in the global sacroiliac joint fusion market include 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 are the major players operating in the market.
Global Sacroiliac Joint Fusion Market
New product launches/ Approvals:
Acquisition and partnerships:
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What are the key factors hampering the growth of the global sacroiliac joint fusion market?
The key factors hampering the growth of the global sacroiliac joint fusion market are high costs and unfavorable reimbursement policies, availability of traditional conservative therapies, and risk of post-surgical complications.
What are the major factors driving the global sacroiliac joint fusion market growth?
The major factors driving the growth of the global sacroiliac joint fusion market are the increasing prevalence of sacroiliac joint disorders, strong efficacy of minimally invasive SI joint fusion procedures, advancements in device designs and surgical techniques, and favorable reimbursement framework.
Which is the leading component segment in the global sacroiliac joint fusion market?
The leading component segment in the global sacroiliac joint fusion market is the minimally invasive SI joint fusion devices segment owing to benefits such as quicker recovery times, shorter hospital stays, and reduced morbidity.
Which are the major players operating in the global sacroiliac joint fusion market?
The major 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.
Which region will lead the global sacroiliac joint fusion market?
North America is expected to lead the global sacroiliac joint fusion market.
What will be the CAGR of the global sacroiliac joint fusion market?
The CAGR of the global sacroiliac joint fusion market is projected to be around 9.9% from 2023 to 2030.