Pune, India, Nov. 03, 2022 (GLOBE NEWSWIRE) — MarketStudyReport recently added latest report, Global Spinal Implants Market size is anticipated to witness a CAGR of 5% during 2022-2028.
The report further evaluates various industry segments including surgery type, material, application, &product type, and also focuses on regional bifurcation. It then emphasizes several key elements which have shaped the market dynamics and facilitated revenue generation during the analysis timeframe. At last, the report talks about the competitive landscape of the industry along with the strategies used by leading players to aid them in strengthening their foothold in the market.
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Growth Drivers & Restraints:
Development of enhanced bone grafting devices, increasing prevalence of spinal illnesses, rising use of minimally invasive spine procedures, and improvements in spine surgery technology are the major growth determinants for the industry.
For the unversed, spinal implants are medical devices used to support and strengthen the spine as well as treat a variety of spinal diseases and abnormalities.
Moreover, prominent companies have been actively engaged in R&D operations and have come to understand the advantages of using biocompatible materials in the production of surgical instruments and implants, which is impelling market expansion.
Segmentation & Regional Overview:
Based on product type, the spinal fusion implants segment is anticipated to capture significant market share in the coming years. In terms of application ambit, the thoracic fusion segment is poised to expand profusely during the forecast timeframe.
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On the basis of material, the Polyetheretherketone (PEEK) segment is likely to witness a considerable CAGR over the analysis timeframe. Speaking of surgery type, the minimally invasive spine surgery segment of worldwide spinal implants market is slated to grow substantially over the upcoming years.
Regionally, the latest trends are studied across Asia Pacific, Western Europe, Middle East & Africa, Eastern Europe, Latin America, and North America.
Moving to competitive landscape, Meditech Spine LLC, Implanet, SpineArt SA, Globus Medical Inc., SeaSpine Orthopedics Corp., ATEC Spine Inc., Surgalign Spine Technologies Inc., DePuy Synthes, Spinal Elements Inc., Ulrich GmbH & Co. KG, Aesculap, Inc., Orthofix Medical Inc., Zimmer Biomet, B. Braun Melsungen AG, NuVasive, Inc., Stryker Corp., and Medtronic plc are the significant players in global spinal implants industry.
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Global Spinal Implants Market, By Product Type (Value, USD, 2019-2028)
- Spinal Fusion Implants (Screws, Rods, Cages, Plates, Intervertebral Body Fusion Device (IBFD)
- Spinal Non-fusion Implants (Dynamic Stabilization Devices, Annulus Repair Devices, Artificial Discs)
Global Spinal Implants Market, By Application (Value, USD, 2019-2028)
Global Spinal Implants Market, By Material (Value, USD, 2019-2028)
- Polyetheretherketone (PEEK)
- Stainless Steel
Global Spinal Implants Market, By Surgery Type (Value, USD, 2019-2028)
- Minimally Invasive Spine Surgery
- Open Spine Surgery
Global Spinal Implants Market, Geographical Fragmentation (Value, USD, 2019-2028)
- Rest of Latin America
- Rest of Europe
- South Korea
- Rest of Asia Pacific
Middle East & Africa
- South Africa
- Rest of MEA
Global Spinal Implants Market, Company Profiles (Value, USD, 2019-2028)
- Meditech Spine LLC
- SpineArt SA
- SeaSpine Orthopedics Corp.
- ATEC Spine Inc.
- Surgalign Spine Technologies Inc.
- Spinal Elements Inc.
- Ulrich GmbH & Co. KG
- Aesculap, Inc.
- Orthofix Medical Inc.
- Globus Medical Inc.
- Zimmer Biomet
- B. Braun Melsungen AG
- NuVasive, Inc.
- Stryker Corp.
- DePuy Synthes
- Medtronic plc
1. What are global spinal implants market’s size and projections for 2022-2028?
2. How is global spinal implants market being shaped throughout the assessment timeline by COVID-19 and its impeding factors?
3. In the global spinal implants market, what are the best products, applications, materials, and regions to invest in throughout the forecast period?
4. What is the competitive strategic window for growth potential in global spinal implants market?
Global Spinal Implant and Devices Market, 2021-2027
The global spinal implant and devices market is projected to grow at a compound annual growth rate (CAGR) of 6.2% during the forecast period 2021-2027. The report provides in-depth analysis and insights regarding the current global market scenario, latest trends and drivers into global spinal implant and devices market. It offers an exclusive insight into various details such as market size, key trends, competitive landscape, company share of market leaders, growth rate and market segments. The spinal implant and devices industry is characterized by a high level of market share concentration. The market research report covers the analysis of key stakeholders of the spinal implant and devices market. Some of the leading players profiled in the report include Alphatec Holdings, Inc., B. Braun Melsungen AG, Exactech, Inc., Globus Medical, Inc., Johnson & Johnson, Medtronic plc, NuVasive, Inc., Orthofix International N.V., Stryker Corporation, Zimmer Biomet Holdings, Inc., among others.
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