MarkNtel Advisors recently published a detailed industry analysis of the Global Spinal Implants Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Global Spinal Implants Market, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The Spinal Implants Market size was valued at USD 10.6 billion in 2023 and is estimated to grow at a CAGR of around 6.1% during the forecast period, i.e., 2024-30.
What are the major Driver the Global Spinal Implants industry?
Rising Prevalence of Spinal Disorders to Elevate the Demand Graph – Driven by age & degenerative causes such as osteoarthritis, injuries, etc., the prevalence of various spinal disorders, such as spinal stenosis, spondylolisthesis, and degenerative disc disease, has increased. This has resulted in increased adoption of spinal implants and has accelerated the growth of the Global Spinal Implants Market. Further, the incidence of low back pain (LBP) is increasing across the world. For instance, as per the World Health Organisation (WHO), it is estimated that the number of cases of low back pain (LBP) would increase to 843 million by 2050, up from 619 million in 2020, pushed largely by population expansion & aging.
Individuals with chronic back pain who remain unresponsive to traditional treatments, such as physical therapy, medication, and injections have started considering spinal implants. The spinal implants offer structural stability to the spine by stabilizing segments & decreasing nerve pressure, resulting in reduced agony. Moreover, the demand for spinal implants would increase, considering many people would go for spinal procedures.
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What segments define the Global Spinal Implants Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- By Product
- Thoracic & Lumbar Fusion Devices- Market Size & Forecast 2019-2030, USD Million
- Posterior Thoracic & Lumbar Fusion Devices – Market Size & Forecast 2019-2030, USD Million
- Interbody Thoracic & Lumbar Fusion Devices- Market Size & Forecast 2019-2030, USD Million
- Anterior Thoracic & Lumbar Fusion Devices- Market Size & Forecast 2019-2030, USD Million
- Cervical Fusion Devices- Market Size & Forecast 2019-2030, USD Million
- Anterior Cervical Fusion Devices- Market Size & Forecast 2019-2030, USD Million
- Posterior Cervical Fusion Devices- Market Size & Forecast 2019-2030, USD Million
- Spine Biologics- Market Size & Forecast 2019-2030, USD Million
- Demineralized Bone Matrix- Market Size & Forecast 2019-2030, USD Million
- Bone Morphogenetic Proteins- Market Size & Forecast 2019-2030, USD Million
- Bone Substitutes- Market Size & Forecast 2019-2030, USD Million
- Machined Bones- Market Size & Forecast 2019-2030, USD Million
- Cell-based Matrices- Market Size & Forecast 2019-2030, USD Million
- Allograft Bone- Market Size & Forecast 2019-2030, USD Million
- VCF Treatment Devices- Market Size & Forecast 2019-2030, USD Million
- Balloon Kyphoplasty Devices- Market Size & Forecast 2019-2030, USD Million
- Vertebroplasty Devices- Market Size & Forecast 2019-2030, USD Million
- Spinal Decompression Devices- Market Size & Forecast 2019-2030, USD Million
- Discectomy- Market Size & Forecast 2019-2030, USD Million
- Laminoplasty, Laminectomy, and Laminotomy- Market Size & Forecast 2019-2030, USD Million
- Foraminotomy & Foraminectomy- Market Size & Forecast 2019-2030, USD Million
- Facetectomy- Market Size & Forecast 2019-2030, USD Million
- Corpectomy- Market Size & Forecast 2019-2030, USD Million
- Non-fusion Devices- Market Size & Forecast 2019-2030, USD Million
- Dynamic Stabilization Devices- Market Size & Forecast 2019-2030, USD Million
- Artificial Discs- Market Size & Forecast 2019-2030, USD Million
- Annulus Repair Devices- Market Size & Forecast 2019-2030, USD Million
- Nuclear Disc Prostheses- Market Size & Forecast 2019-2030, USD Million
- Spine Bone Stimulators- Market Size & Forecast 2019-2030, USD Million
- Non-invasive Spine Bone Stimulators- Market Size & Forecast 2019-2030, USD Million
- Invasive Spine Bone Stimulators- Market Size & Forecast 2019-2030, USD Million
- Thoracic & Lumbar Fusion Devices- Market Size & Forecast 2019-2030, USD Million
According to report, The Non-fusion Devices segment of the Spinal Implants Market is anticipated to grow with the highest market share over the forecast period.
- By Application
- Spinal Fusion & Fixation- Market Size & Forecast 2019-2030, USD Million
- VCF Treatment- Market Size & Forecast 2019-2030, USD Million
- Motion Preservation/Non-fusion- Market Size & Forecast 2019-2030, USD Million
- Spinal Decompression- Market Size & Forecast 2019-2030, USD Million
- By Type of Surgery
- Open Surgery- Market Size & Forecast 2019-2030, USD Million
- Minimally Invasive Surgery- Market Size & Forecast 2019-2030, USD Million
- By End User
- Hospitals- Market Size & Forecast 2019-2030, USD Million
- Specialty Clinics- Market Size & Forecast 2019-2030, USD Million
- Others (Ambulatory Surgical Centers, Research Organisations, etc.)
According to report, Hospitals accounted for the largest share of the Spinal Implants Market.
Explore the Complete Global Spinal Implants Market Analysis Report –
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Geographical Analysis: Global Spinal Implants Market
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Global Spinal Implants Market Share & Competitive Landscape:
The Spinal Implants Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the Global Spinal Implants Market are:
- Medtronic Plc
- Johnson & Johnson Medtech
- Nuvasive, Inc.
- Stryker Corporation
- Globus Medical, Inc.,
- Zimmer Biomet Holdings, Inc.
- Orthofix International N.V
- Ulrich Gmbh & Co. Kg
- Braun Melsungen Ag
- Integra Lifesciences Holdings Corporation
- Boston Scientific Corporation
- Abbott Laboratories
- Spineart, Centinel Spine Llc
- Premia Spine
Global Spinal Implants Market Industry Recent Developments
- 2023: The Inceptiv spinal cord stimulator by Medtronichas granted CE Mark approval, which includes closed-loop sensing as a measure against chronic pain.
- 2022: The Summit LTX Plus Interbody System by Depuy Synthes was introduced to the market, further broadening their offerings of intervertebral spacers for lumbar fusion procedures. This latest addition boasts improved design features.
Questions Addressed in this Study
1.What factors are driving the Global Spinal Implants Market growth?
2.How is the Global Spinal Implants Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Global Spinal Implants Market ?
4.What is the current size of the Global Spinal Implants Market, and how is it projected to change in the future?
6.What is the future outlook for the Global Spinal Implants Market in terms of technological advancements and market expansion?
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Our specialization in niche industries informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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