Global Spinal Implants Market, By Procedure (Open Surgery, Minimally Invasive Surgery, Others), Configuration (Spinal Fusion Devices, Non-Fusion Devices/Motion Preservation Devices, Vertebral Compression Fracture (VCF) Treatment Devices, Spinal Bone Stimulators, Spine Biologics), Material (Titanium, Titanium-Alloy, Stainless Steel, Plastic, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Spinal implants market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 6.52% in the above-mentioned forecast period. The rising advancements in spine surgery technologies drives the spinal implants market.
Spinal implants are the type of instruments which are used at the time of spinal surgery to facilitate fusion, stabilize, correct deformities and strengthen the spine. The spinal implants are made of metals such as stainless steel or titanium and are available in different sizes according to the requirement for treatment. It is also categorized into hooks, cages, pedicles screw, plates and rods. There is a lot of research done to refine implants to improve patient outcomes.
The increasing incidences of spinal disorders is the vital factor escalating the market growth, also increasing launch of advanced bone grafting products, rising demand for minimally invasive surgical procedures, growing geriatric and obese population, rising innovations in spinal surgery, rising minimally invasive surgery has gained interest among the surgeon are the major factors among others driving the spinal implants market. Moreover, rising number of hospitals and surgical centers and emerging markets will further create new opportunities for spinal implants market in the forecasted period of 2021-2028.
However, increased cost of treatment procedures, uncertainty in reimbursement and stringent compliances and regulatory approval procedure are the major factors among others which will obstruct the market growth, while lack of adequate physicians and limited awareness/education will further challenge the growth of spinal implants market in the forecast period mentioned above.
This spinal implants market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 spinal implants market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Spinal Implants Market Scope and Market Size
Spinal implants market is segmented on the basis of procedure, configuration and material. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of procedure, spinal implants market is segmented into open surgery, minimally invasive surgery and others.
- Based on configuration, the spinal implants market is segmented into spinal fusion devices, non-fusion devices/motion preservation devices, vertebral compression fracture (VCF) treatment devices, spinal bone stimulators and spine biologics. Spinal fusion devices have been further segmented into thoracolumbar devices, cervical fixation devices and interbody fusion devices. Thoracolumbar devices have been further sub segmented into anterior lumbar plates, lumbar plates, pedicle screw, rods, hooks, wires & cables and crosslinks. Cervical fixation devices have been further sub segmented into anterior cervical plates, hook fixation systems, plates & screws, clamps and wires. Interbody fusion devices have been further sub segmented into non-bone interbody fusion devices and bone interbody fusion devices. Non-fusion devices/motion preservation devices have been further segmented into dynamic stabilization devices, artificial discs, annulus repair devices and nuclear disc prostheses. Dynamic stabilization devices have been further sub segmented into interspinous process spacers, pedicle screw-based systems and facet replacement products. Artificial discs have been further sub segmented into artificial cervical discs and artificial lumbar discs. Spinal bone stimulators have been further segmented into non-invasive spine bone stimulators and invasive spine bone stimulators. Non-invasive spine bone stimulators have been further sub segmented into pulsed electromagnetic field device, capacitive coupling (CC) and combined magnetic field (CMF) devices. Spine biologics have been further segmented into spinal allografts, bone graft substitutes and cell-based matrix. Spinal allografts have been further sub segmented into machined bones allograft and demineralized bone matrix. Bone graft substitutes have been further sub segmented into bone morphogenetic proteins and synthetic bone grafts.
- The spinal implants market is also segmented on the basis of material into titanium, titanium-alloy, stainless steel, plastic and others.
Global Spinal Implants Market Country Level Analysis
Spinal implants market is analysed and market size insights and trends are provided by country, procedure, configuration and material as referenced above.
The countries covered in the spinal implants market report are the 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 spinal implants market due to the abundant product availability and high usage rates in this region. Asia-Pacific is the expected region in terms of growth in spinal implants market due to presence of high unmet demand, ongoing development of manufacturing facilities of leading players and growing awareness among patients for novel technologies in the region.
The country section of the spinal implants market 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 such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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
Spinal implants market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for spinal implants market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the spinal implants market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Spinal Implants Market Share Analysis
Spinal implants 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 spinal implants market.
The major players covered in the spinal implants market report are Medtronic, Zimmer Biomet, Alphatec Spine Inc., K2M Inc., RTI Surgical Holdings Inc., Stryker, Orthofix Holdings Inc., NuVasive Inc., DePuy Synthes, Globus Medical Inc., Aesculap Inc., Apollo Hospitals Enterprise Ltd., Centinel Spine LLC, Spineart, Reliance Medical Systems, Paradigm Spine, Premia Spine, Exactech Inc., Aesculap Implant Systems LLC, Lumitex Inc., SpineFrontier Inc., Life Spine Inc., Integra LifeSciences Corporation among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Spinal Implants Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.