Sacroiliac Joint Fusion Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Indication (Degenerative Sacroiliitis, Sacral Disruption, and Trauma); Treatment Type (Surgery, Injections, and RF Ablation); End-User (Hospitals, Ambulatory Surgical Centers, and Others); Region (North America, Europe, Asia-Pacific, Rest of the World); and Region/Country
The global sacroiliac joint fusion market is expected to grow at a significant rate of around 7% during the forecast period. Sacroiliac joint (SIJ) fusion, or arthrodesis, is a surgical technique that fuses the iliac bone to the sacrum for stabilization. This procedure may be performed in a minimally invasive manner or as an open surgical procedure requiring a larger incision. The growing technological developments and rising demand for minimally invasive procedures attributes to the market growth of the sacroiliac joint fusion market. Furthermore, the frequent product launches by the major market player are also a driving factor for market growth of sacroiliac joint fusion. For instance, in March 2021, Aurora Spine Corporation announced that it has successfully launched its proprietary SiLOTM Posterior SI Joint Fusion System (SiLO), which was designed specifically for posterior sacroiliac joint fusion.
SI-BONE, Inc.; PainTEQ; FOUNDATION FUSION SOLUTION, LLC.; SIGNUS Medizintechnik GmbH; Globus Medical; Medtronic; Orthofix US LLC; Life Spine, Inc.; Camber Spine Technologies, LLC; and CoreLink, LLC are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst indication, trauma category to witness higher CAGR during the forecast period”
Based on the indication, the market has been categorized into degenerative sacroiliitis, sacral disruption, and trauma. Among them, the trauma segment is expected to grow at a higher CAGR in the market. The rising usage of sacroiliac joint fusion in trauma cases and increased approvals in the category are attributed to the growth of the trauma segment. For instance, in May 2022, SI-BONE, Inc., a Silicon Valley-based medical device company announced FDA premarket clearance of the iFuse Bedrock Granite Implant System (Granite). The Granite implant provides sacroiliac fusion and sacropelvic fixation as a foundational element for segmental spinal fusion.
“Amongst treatment type, the surgeries to hold a dominant share in the market in 2020”
Based on the treatment type, the market has been categorized into surgery, injections, and RF ablation. Among them, the surgeries segment to hold a dominant share of the market in 2020. Among these, chest Sacroiliac Joint Fusion to hold a significant share in the market in 2020. The rising prevalence of pulmonary disorders, along with the changing lifestyle preferences such as smoking and increasing alcoholic consumption attributes to the growth of the segment. For instance, as per the American Cancer Society, the estimated number of lung cancer in the United States for 2022 is about 236,740 new cases of lung cancer.
“Amongst end-user, ambulatory surgical centers segment to hold a higher CAGR during the forecast period”
Based on the end-user, the market has been categorized into hospitals, ambulatory surgical centers, and others. Among them, the ambulatory surgical center’s segment holds a higher CAGR during the forecast period. The ambulatory surgical centers provide the point of care treatment, can offer low-cost treatment, and reduces waiting time in emergency cases. These are the factors responsible for the segmental growth of ambulatory surgical centers.
“Asia-Pacific to witness the fastest growth in the market”
Asia-Pacific is anticipated to grow at the fastest growth during the forecast period. The major factors such as the development of better healthcare and research infrastructure, along with the increasing number of car accidents in the region attributes to the market growth of the market. For instance, as per the National Crime Records Bureau, in 2019, road accidents resulted in injuries to 4,42,996 persons in India.
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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
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Deep dive regional level analysis of the industry.
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Research Methodology for the Sacroiliac Joint Fusion Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global sacroiliac joint fusion market were the three major steps undertaken to create and analyze the adoption of Sacroiliac joint fusion in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global sacroiliac joint fusion market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the sacroiliac joint fusion market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the sacroiliac joint fusion market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as an indication, treatment type, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the sacroiliac joint fusion market. Further, we conducted factor analysis using dependent and independent variables such as the indication, treatment type, and end-users of the sacroiliac joint fusion. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the sacroiliac joint fusion market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Sacroiliac Joint Fusion market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
The industry’s market size, in terms of revenue (USD) and the adoption rate of the sacroiliac joint fusion market across the major markets domestically
All percentage shares, splits, and breakdowns of market segments and sub-segments
Key players in the global sacroiliac joint fusion market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Sacroiliac Joint Fusion market. Data was split into several segments & sub-segments post studying various parameters and trends in the indication, treatment type, and end-users in the global sacroiliac joint fusion market.
The main objective of the Global Sacroiliac Joint Fusion Market Study
The current & future market trends of the global sacroiliac joint fusion market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Analyze the current and forecast market size of the sacroiliac joint fusion market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
Segments in the study include areas of indication, treatment type, and end-users.
Define and analysis of the regulatory framework for the sacroiliac joint fusion industry.
Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
Analyze the current and forecast market size of the sacroiliac joint fusion market for the major region.
Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
Company profiles of the sacroiliac joint fusion market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry
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