Market Size – The sacroiliac joint fusion market size has grown rapidly in recent years. It will grow from $0.57 billion in 2023 to $0.68 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to incidences of chronic diseases, rise in prevalence of joint pains, increased accessibility and acceptance of sophisticated surgical techniques, rise in demand for safer joint fusion systems, increased reimbursement coverage for minimally invasive sacroiliac joint fusion.
The sacroiliac joint fusion market size is expected to see rapid growth in the next few years. It will grow to $1.32 billion in 2028 at a compound annual growth rate (CAGR) of 18.1%. The growth in the forecast period can be attributed to increasing prevalence of pain in the lower back, rising incidence of sacroiliitis or sacroiliac joint dysfunction, growing demand for procedures with lower levels of pain and fatigue, increasing preference for minimally invasive surgeries, increasing geriatric population. Major trends in the forecast period include investment in innovative technologies and procedures, adoption of new materials and technologies, improving diagnostic capabilities for sacroiliac joint disorders, usage of 3d-printed titanium implants and additive manufacturing, advanced healthcare infrastructure.
Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/sacroiliac-joint-fusion-global-market-report
Scope Of Sacroiliac Joint Fusion MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Sacroiliac Joint Fusion Market Overview
Market Drivers –The increasing prevalence of lower back pain is expected to propel the growth of the sacroiliac joint fusion market going forward. Lower back pain refers to discomfort or pain experienced in the lumbar region of the spine, which includes the area between the bottom of the rib cage and the top of the legs. It is a common condition that can vary in intensity from a dull, constant ache to a sudden, sharp pain. The prevalence of low back pain is due to work stress, sedentary lifestyles, obesity, and dietary factors. Sacroiliac joint fusion alleviates lower back pain and improves overall function and quality of life by stabilizing the joint and reducing abnormal movement. For instance, in May 2023, according to an article published by the National Center For Biotechnology Information, a US-based government agency, low back pain (LBP) impacted 619 million people worldwide in 2020, which is projected to reach 843 million by 2050. Therefore, the increasing prevalence of lower back pain is driving the growth of the sacroiliac joint fusion market.
Market Trends – Major companies operating in the sacroiliac joint fusion market are developing innovative implants, such as granite implant systems, to improve patient outcomes, reduce surgery time, and enhance the overall effectiveness of the procedure. The granite implant system for SI joint fusion is a medical device designed to treat conditions affecting the sacroiliac joint, such as sacroiliac joint dysfunction or sacroiliitis, providing a path to improved quality of life through effective joint stabilization and fusion. For instance, in May 2024, SI-BONE Inc., a UK-based healthcare company that specializes in the surgical treatment of musculoskeletal disorders, launched the iFuse Bedrock Granite Implant System. This innovative implant is a smaller diameter designed for sacroiliac fusion and spinopelvic fixation, essential for multi-segment spinal fusion procedures. The new implant received a Breakthrough Device Designation from the FDA and a new technology add-on payment from CMS. The iFuse Bedrock Granite Implant System represents a significant advancement in treating SI joint dysfunction, offering a reliable and effective option for patients suffering from chronic lower back pain related to SI joint issues.
The sacroiliac joint fusion market covered in this report is segmented –
1) By Product: Implants, Accessories, Injections, Diagnosis, Treatment, RF Ablation
2) By Indication Type: Degenerative Sacroiliitis, Sacral Disruption, Trauma
3) By Approach: Dorsal, Anterior
4) By End-user: Hospitals, Ambulatory Surgical Centers, Other End Users
Get an inside scoop of the sacroiliac joint fusion market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=15921&type=smp
Regional Insights – North America was the largest region in the sacroiliac joint fusion market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the sacroiliac joint fusion market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies – Major companies operating in the sacroiliac joint fusion market are Medtronic Plc, Zimmer Biomet Holdings Inc., Integra LifeSciences, Saint Francis Health System, NuVasive Inc., Globus Medical, Orthofix Inc., Medacta International SA, Alphatec Holdings Inc., RTI Surgical Holdings Inc., SeaSpine, SI-BONE Inc., Surgalign Holdings Inc., Xtant Medical, CoreLink, Life Spine Inc., Genesys Spine, Camber Spine Technologies LLC, Captiva Spine Inc., VGI Medical LLC, PainTEQ, CornerLoc, SIGNUS Medizintechnik GmbH, Tenon Medical Inc.
Table of Contents 1. Executive Summary2. Sacroiliac Joint Fusion Market Report Structure3. Sacroiliac Joint Fusion Market Trends And Strategies4. Sacroiliac Joint Fusion Market – Macro Economic Scenario5. Sacroiliac Joint Fusion Market Size And Growth…..27. Sacroiliac Joint Fusion Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
