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Global Spinal Implants Market – Industry Trends and Forecast to 2030

Healthcare

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Global Spinal Implants Market – Industry Trends and Forecast to 2030

  • Healthcare
  • Upcoming Report
  • Dec 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Spinal Implants Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 9.93 Billion
Diagram Market Size (Forecast Year) USD 16.74 Billion
Diagram CAGR %

Major Markets Players

  • Medtronic
  • Zimmer Biomet
  • Alphatec Spine Inc.
  • RTI Surgical
  • Stryker

Global Spinal Implants Market, By Procedure (Open Surgery, Minimally Invasive Surgery, Others), Product Type (Artificial Discs, Dynamic Stabilization Devices, Spinal Fusion Implants, Plates, Cages), Application (Cervical, Thoracic, Lumber), Material (Stainless Steel, Titanium, Cobalt Chrome, Polyetheretherketone (PEEK), Indication (Spinal Trauma, Deformity), Configuration (Spinal Fusion Devices, Non-Fusion Devices/Motion Preservation Devices, Vertebral Compression Fracture (VCF) Treatment Devices, Spinal Bone Stimulators, Spine Biologics) – Industry Trends and Forecast to 2030.

Spinal Implants Market

Spinal Implants Market Analysis and Size

According to WHO, the global annual incidence of SCI is 40-80 cases per million people. SCI patients have a higher mortality risk because they die prematurely 2 to 5 times more often than patients who do not have SCI. The vast majority of traumatic SCIs are the result of work or sports-related injuries. Furthermore, the growing geriatric population and the number of obese people frequently develop symptoms associated with spinal disorders such as spinal stenosis, driving demand for spinal implant surgeries and propelling market growth. Obesity can also aggravate an already existing low back problem and cause it to reoccur. Degenerative disc disease is one of the most common spine-related disorders among the elderly.

Data Bridge Market Research analyses that the spinal implants market which was USD 9.93 billion in 2022, is expected to reach USD 16.74 billion by 2030, at a CAGR of 6.75% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Spinal Implants Market Scope and Segmentation  

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015 - 2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Procedure (Open Surgery, Minimally Invasive Surgery, Others), Product Type (Artificial Discs, Dynamic Stabilization Devices, Spinal Fusion Implants, Plates, Cages), Application (Cervical, Thoracic, Lumber), Material (Stainless Steel, Titanium, Cobalt Chrome, Polyetheretherketone (PEEK), Indication (Spinal Trauma, Deformity), Configuration (Spinal Fusion Devices, Non-Fusion Devices/Motion Preservation Devices, Vertebral Compression Fracture (VCF) Treatment Devices, Spinal Bone Stimulators, Spine Biologics)

Countries Covered

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

Market Players Covered

Medtronic (Ireland), Zimmer Biomet (U.S.), Alphatec Spine Inc. (U.S.), RTI Surgical (U.S.), Stryker (U.S.), Orthofix US LLC (U.S.), NuVasive Inc. (U.S.), Globus Medical (U.S.), Aesculap Inc. (U.S.), Apollo Hospitals Enterprise Ltd. (India), Centinel Spine LLC (U.S.), Premia Spine (U.S.), Exactech Inc. (U.S.), Aesculap Inc. (U.S.), Lumitex LLC (U.S.), Life Spine Inc. (U.S.), Integra LifeSciences (U.S.)

Market Opportunities

  • Technological advancements

Market Definition

Spinal implants are instruments used during 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 come in a variety of sizes depending on the treatment requirement. Hooks, cages, pedicles screws, plates, and rods are also included. There is a lot of research being done to improve implant outcomes.

Spinal Implants Market Dynamics

Drivers

  • Rise in traffic accidents

Increasing cases of road accidents has resulted in a significant increase in the number of SCIs. According to the National Spinal Cord Injury Statistical Center (NSCSC), car accidents, as well as steamrollers, bulldozers, forklifts, and other unclassified vehicles, are some of the driving factors in SCI causes. According to NCBI, the lumbosacral spine was the most commonly involved region in a study that included all patients with spinal fractures after car accidents. Whiplash (a neck/cervical spine injury), herniated discs, and vertebral fractures are some of the most common motor vehicle accident-related spine injuries. According to the NCBI, approximately 75% of SCI cases due to falls occur in people aged 76 and older. These are the certain factors which propel the market growth.

  • Introduction of 3D printing

The introduction of 3D printed and custom-fit spinal implants is providing vendors with lucrative growth opportunities as the demand for innovative products with high performance and efficiency grows. 3D printed and custom-fit implants aid in the development of a custom-fit implant for the patient and have seen increased use in pre-operative and intra-operative settings. Furthermore, the use of bioresorbable spinal implants in spine surgeries represents a novel approach to treating various spine disorders/ailments. The use of bioabsorbable materials is important in specific spinal reconstructive procedures with improved image assessment and fusion healing properties. Thus, commercially available biodegradable implants are likely to disrupt the global market in the coming years.

Opportunities

  • Technological advancements

The market is consolidating, with major players acquiring potential start-ups and mid-sized players to increase their dominance in the industry. For instance, in February 2021, NuVasive acquired Simplify Medical, a privately held company that developed the Simplify Cervical Artificial Disc for cervical total disc replacement (cTDR). In March 2021, IMPLANET offered to buy a majority stake in Orthopedic and Spine Development (OSD), a company that specializes in spine surgical implants.

Restraints/Challenges

  • High cost

Increased treatment costs, uncertainty in reimbursement, and stringent compliances and regulatory approval procedures, among other factors, will obstruct market growth, while a lack of adequate physicians and limited awareness/education will further challenge the growth of the spinal implants market during the forecast period.

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 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 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.

Global Spinal Implants Market Scope

The spinal implants market is segmented on the basis of procedure, indication, product type, configuration and material. 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.

Procedure

  • Open Surgery
  • Minimally Invasive Surgery
  • Others

 Product Type

  • Artificial Discs
  • Dynamic Stabilization Devices
  • Spinal Fusion Implants

Thoracolumbar devices

  • Anterior lumbar plates
  • Lumar plates
  • Pedicle screw
  • Rods
  • Hooks
  • Wires
  • Cables
  • Crosslinks

  Cervical fixation devices

  • Anterior Cervical Plates
  • Hook Fixation Systems
  • Plates and Screws
  • Clamps and Wires
  • Interbody Fusion Devices
  • Non-bone Interbody Fusion Devices
  • Bone Interbody Fusion Devices
  • Plates
  • Cages

 Application

  • Cervical
  • Thoracic
  • Lumber

 Material

  • Stainless Steel
  • Titanium
  • Cobalt Chrome
  • Polyetheretherketone (PEEK)

 Indication

  • Spinal Trauma
  • Deformity

 Configuration

  • Spinal Fusion Devices
  • Non-Fusion Devices/Motion Preservation Devices

Dynamic stabilization devices

  • Interspinous Process Spacers
  • Pedicle Screw-based Systems
  • Facet Replacement Products

 Artificial discs

  • Artificial Cervical Discs
  • Artificial Lumbar Discs

 Annulus Repair Devices

  • Nuclear Disc Prostheses
  • Vertebral Compression Fracture (VCF) Treatment Devices
  • Spinal Bone Stimulators

Non-invasive spine bone stimulators

  • Pulsed Electromagnetic Field Device
  • Capacitive Coupling (CC)
  • Combined Magnetic field (CMF) Devices

Invasive spine bone stimulators

  • Spine Biologics
  • Spinal allografts
  • Machined Bones Allograft
  • Demineralized Bone Matrix

Bone graft substitutes

  • Bone Morphogenetic Proteins
  • Synthetic Bone Grafts
  •  Cell-based Matrix

Spinal Implants Market Regional Analysis/Insights

The spinal implants market is analysed and market size insights and trends are provided by country, procedure, indication, product type, configuration and material as referenced above.

The countries covered in the spinal implants 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 spinal implants market due to the abundant product availability and high usage rates in this region.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 due to the presence of high unmet demand, ongoing development of manufacturing facilities by leading players, and growing patient awareness of novel technologies in the region.

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 spinal implants 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 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 2011-2021.

Competitive Landscape and Spinal Implants Market Share Analysis

The 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.

Some of the major players operating in the spinal implants market are:

  • Medtronic (Ireland)
  • Zimmer Biomet (U.S.)
  • Alphatec Spine Inc. (U.S.)
  • RTI Surgical (U.S.)
  • Stryker (U.S.)
  • Orthofix US LLC (U.S.)
  • NuVasive Inc. (U.S.)
  • Globus Medical (U.S.)
  • Aesculap Inc. (U.S.)
  • Apollo Hospitals Enterprise Ltd. (India)
  • Centinel Spine LLC (U.S.)
  • Premia Spine (U.S.)
  • Exactech Inc. (U.S.)
  • Aesculap Inc. (U.S.)
  • Lumitex LLC (U.S.)
  • Life Spine Inc. (U.S.)
  • Integra LifeSciences (U.S.)


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Spinal Implants Market to grow at a CAGR 6.75% by forecast 2030.
Spinal Implants Market value to reach USD 16.74 billion by forecast 2030.
The countries covered in the spinal implants 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.
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