IMARC Group has recently released a new research study titled “Spinal Implants and Surgery Devices Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
Market Overview:
The global spinal implants and surgery devices market size reached US$ 11.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 15.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.8% during 2023-2028.
Industry Definition and Application:
Spinal implants and surgical devices are a range of equipment used by surgeons to stabilize, strengthen and treat deformity of the spine and provide fusion. The implants can treat various ailments, including scoliosis, spondylolisthesis, fracture, kyphosis, and degenerative disc disease. Spinal implants can be categorized into fusion and non-fusion. Amongst these, fusion devices include rods, pedicle screws, hooks, cages and plates and non-fusion implants include expandable rods and artificial discs.
Market Trends and Drivers:
The growing incidences of spinal injuries amongst the adult demographic are majorly driving the global spinal implants and surgery devices market. The rapid rise in the geriatric population and the increasing prevalence of spinal ailments are further contributing to the market growth. Moreover, leading players are continuously investing in the development of innovative spinal surgery technologies, which is fueling the market growth. Besides this, the increasing manufacturing of simple, effective and easy-to-use spinal implants is positively influencing the market growth.
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Competitive Landscape With Key Players:
The competitive landscape of the spinal implants and surgery devices market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Abbott LaboratoriesB. Braun (B. Braun Holding GmbH & Co. KG)Boston ScientificDepuy Synthes (Johnson & Johnson)Exactech Inc. (Choice Spine)Globus Medical Inc.Integra LifeSciences Holdings CorporationMedtronic PlcNuvasive Inc. (Smith & Nephew Plc)Orthofix Medical Inc.RTI Surgical Inc.Stryker CorporationZimmer Biomet Holdings Inc.Key Market Segmentation:
The report has segmented the global spinal implants and surgery devices market based on product, type of surgery, end user and region.
Breakup by Product:
Thoracic Fusion and Lumbar Fusion DevicesCervical Fusion DevicesSpine BiologicsVertebral Compression Fracture Treatment DevicesSpinal Decompression DevicesNon-Fusion DevicesSpine Bone StimulatorsBreakup by Type of Surgery:
Open SurgeriesMinimally Invasive SurgeriesBreakup by End User:
HospitalsAmbulatory Surgery CentersOthersBreakup by Region:
North AmericaAsia PacificEuropeLatin AmericaMiddle East and AfricaKey Highlights of the Report:
Market Performance (2016-2022)Market Outlook (2023-2028)Market TrendsMarket Drivers and Success FactorsImpact of COVID-19Value Chain AnalysisComprehensive mapping of the competitive landscapeIf you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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