by Market Overview:
The sacroiliac joint connects the sacrum to the ilium bones of the pelvis and transmits load from the spine to the lower extremities. Sacroiliac joint dysfunction occurs when the joint becomes irritated, inflamed, or displaced, often causing severe lower back pain. Sacroiliac joint fusion is a surgical procedure that involves fusing the sacroiliac joint using various implants and fixation devices. Sacroiliac joint fusion is commonly used to treat sacroiliac joint disruption or degenerative sacroiliitis.
The Sacroiliac Joint Fusion Market was estimated to be valued at US$ 625.3 Mn in 2023 and is expected to exhibit a CAGR of 13.6% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI
Market Dynamics:
The growth of the global sacroiliac joint fusion market is driven by rising incidences of sacroiliac joint dysfunctions. For instance, according to studies, sacroiliac joint dysfunction accounts for 25% of chronic lower back pain cases. Moreover, growing demand for minimally invasive fusion surgeries is also fueling market growth. Minimally invasive sacroiliac joint fusion techniques cause less tissue damage and reduce recovery time compared to open fusion surgeries. Furthermore, ongoing advancements in sacroiliac joint fusion technologies and launch of new SI joint fusion devices will provide lucrative growth opportunities over the forecast period.
Segment Analysis:
Content: The sacroiliac joint fusion market can be segmented into minimally invasive surgery and open surgery, based on technology. Minimally invasive surgery (MIS) is dominating the market as it reduces procedure related risks such as blood loss, infection, and hospital stay. It ensures quicker recovery and lesser post-surgery discomfort to patients compared to open surgeries.
PEST Analysis
Political: The presence of favorable regulations for product approval and reimbursement policies are supporting market growth. However, stringent regulatory approvals and regional regulatory variations continue to challenge companies.
Economic: Rising healthcare expenditures, growing insurance coverage, and increasing disposable incomes are fueling market revenues.
Social: Increasing incidence of spondylolisthesis, osteoarthritis, and other spinal injuries due to lifestyle changes and growing elderly population is driving demand.
Technological: Advancements in MIS techniques, 3D printing, and biologics are helping to improve treatment outcomes and propelling development of minimally invasive fusion devices and implants.
Global Sacroiliac Joint Fusion Market Segmentation
By Product Type
- Minimally Invasive SI Joint Fusion Devices
- Open Surgery SI Joint Fusion Devices
- Arthrodesis Devices
- Allografts
- Screws
- Plates
- Others (Nails, Rods, etc.)
By Indication
- Degenerative Sacroiliitis
- Sacral Disruption
- Others (Failed Back Surgery, Trauma, Infection, etc.)
By End Users
- Hospitals
- ASCs
- Specialty Clinics
- Others (Research, Academic Institutes, etc.)
Key Takeaways
The Sacroiliac Joint Fusion Market Size is expected to witness high growth, exhibiting a CAGR of 13.6% over the forecast period of 2022-2030, due to increasing prevalence of spondylolisthesis and osteoarthritis. The market size is estimated to reach US$ 625.3 Mn in 2023.
The North American region dominated the market in 2023 with a share of over 40%, owing to the rising geriatric population, availability of advanced healthcare facilities, and growing number of SI joint fusion procedures in the US. Asia Pacific is expected to be the fastest-growing regional market between 2022-2030, exhibiting a CAGR of around 15%, due to improving access to healthcare and rising medical tourism in countries like India, China, and South Korea.
Key players operating in the 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. Major players are focusing on new product launches, geographic expansions and collaborations to increase their market share. For instance, in 2022, Medtronic launched the SI-Link SI joint fusion system to strengthen its product offerings.
Reasons To Buy The Sacroiliac Joint Fusion Market Report:
- In-depth analysis of the market on the global and regional levels.
- Major changes in market dynamics and competitive landscape.
- Segmentation on the basis of type, application, geography, and others.
- Historical and future market research in terms of size, share growth, volume, and sales.
FAQ’s
- What are the main factors influencing the Sacroiliac Joint Fusion Market?
- Which companies are the major sources in this industry?
- What are the market’s opportunities, risks, and general structure?
- Which of the top Sacroiliac Joint Fusion Market companies compare in terms of sales, revenue, and prices?
*Note:
1. Source: CoherentMI, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
