Global Anterior Lumbar Plates Market – Industry Trends and Forecast to 2029

Anterior Lumbar Plates Market Analysis and Size

The market for anterior lumbar plates is expected to grow during the forecast period of 2022-2029. The market for anterior lumbar plates is expanding as a result of improvements in surgical technology, which have made this procedure more accessible and safe than before.

Data Bridge Market Research analyses that the anterior lumbar plates market which was USD 12259.68 million in 2021, would rocket up to USD 16649.59 million by 2029, and is expected to undergo a CAGR of 3.90% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Market Definition

An anterior (front) lumbar interbody fusion (ALIF) treatment often involves placing wide plates at the L5-S1 level. Screws are used to secure the plates to the vertebral body by passing through screw holes in the plates.

Global Anterior Lumbar Plates Market Dynamics

Drivers

• Increasing incidence of spinal disorders

 The growing incidence of spinal disorders is one of the key growth drivers for the anterior lumbar plates market. This is because anterior lumbar plates surgery is often recommended for patients with severe spinal disorders.

• Growing demand for minimally invasive surgeries

Another significant growth factor for the anterior lumbar plates market is the increased demand for minimally invasive procedures. This is because to the possibility of performing anterior lumbar plates surgery utilising a minimally invasive technique, which results in less pain and quicker recovery times than conventional open spine surgery techniques.

• Rising geriatric population

The rising number of geriatric population is also a major growth driver for the anterior lumbar plates market, as this population segment tends to be more susceptible to spine-related problems and injuries than younger age groups.

Opportunities

• Advances in surgical technology

The market for anterior lumbar plates is expanding as a result of improvements in surgical technology, which have made this procedure more accessible and safe than before. For instance, there are now implantable devices on the market that assist in stabilising the spine during surgery, which has contributed to the increased popularity of this kind of surgery among both patients and surgeons.

Restraints/Challenges

• High cost

On the other hand, the high cost associated with anterior lumbar plates will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the anterior lumbar plates market.

This anterior lumbar plates market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the anterior lumbar plates market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Anterior Lumbar Plates Market Scope

The anterior lumbar plates market is segmented on the basis of product type, application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Round Buttress Washers
• Narrow Buttress Washers
• Others

Application

• Orthopaedic Hospital
• Ambulatory Surgery Center
• Others

Anterior Lumbar Plates Market Regional Analysis/Insights

The anterior lumbar plates market is analysed and market size insights and trends are provided by country, product type, application as referenced above.

The countries covered in the anterior lumbar plates market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the anterior lumbar plates market due to the growing number of geriatric population along with adoption of innovative medical technology.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure growth Installed base and New Technology Penetration

The anterior lumbar plates market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for anterior lumbar plates market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the anterior lumbar plates market. The data is available for historic period 2010-2020.

Competitive Landscape and Anterior Lumbar Plates Market Share Analysis

The anterior lumbar plates market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to anterior lumbar plates market.

Some of the major players operating in the anterior lumbar plates market are:

• Intuitive Surgical Inc (U.S.)
• Stryker (U.S.)
• Medrobotics Corporation (U.S)
• Johnson & Johnson Private Limited (U.S.)
• Globus medical (U.S.)
• NuVasive Inc. (U.S.)
• Smith + Nephew (U.K.)
• Titan Medical Inc (Canada)
• TransEnterix Inc (U.S.)
• University of Pittsburgh Medical Center (U.S.)
• Auris Health Inc. (U.S.)
• Corindus Inc. (U.S.)
• Renishaw plc (U.K.)
• Aesculap Inc. (U.S.)
• TeDan Surgical Innovations, Inc. (U.S.)
• Medfix International, LLC (U.S.)

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