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 global spinal implants and surgery devices market share, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The 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.
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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.
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 Laboratories
- B. Braun (B. Braun Holding GmbH & Co. KG)
- Boston Scientific
- Depuy Synthes (Johnson & Johnson)
- Exactech Inc. (Choice Spine)
- Globus Medical Inc.
- Integra LifeSciences Holdings Corporation
- Medtronic Plc
- Nuvasive Inc. (Smith & Nephew Plc)
- Orthofix Medical Inc.
- RTI Surgical Inc.
- Stryker Corporation
- Zimmer 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 Devices
- Cervical Fusion Devices
- Spine Biologics
- Vertebral Compression Fracture Treatment Devices
- Spinal Decompression Devices
- Non-Fusion Devices
- Spine Bone Stimulators
Breakup by Type of Surgery:
- Open Surgeries
- Minimally Invasive Surgeries
Breakup by End User:
- Hospitals
- Ambulatory Surgery Centers
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If 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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