Spinal Implants market is prospective to reach USD 14 billion by 2022

Spinal implants market information, by type (fusion implants, non-fusion implants), by procedure (open surgery, minimally invasive surgery) by material (titanium, titanium-alloy, stainless steel, and plastic) – Forecast till 2022

Market Highlight

The global spinal implants market has been evaluated to be rapidly growing market and is expected to grow tremendously in the near future. Spinal implants are devices used by surgeons during surgery to treats deformities, stabilize and provide strength to the spine and to expedite the fusion process.

Spinal implants are used to treat spine related disorders including degenerative disc disease, scoliosis, kyphosis, fracture and spondylolisthesis. Global spinal implants market which is currently growing tremendously and is expected to reach USD 14 billion by the end of 2022.

As age increases bone density declines which leads to chronic back problems which is common in old age people. This elevates spinal cord damage risk. Recently there have been amazing innovations in implantable devices allowing enhancement of the same the result of which is their use have increased in spinal and orthopedic surgeries. Advanced spinal implantable devices are widely accepted globally as maximum people are willing to spend on spinal surgeries which includes use of these devices. The demand for minimally invasive surgical procedures is more as it provides benefits like less blood loss, less recovery time, reduce risk of medical complication, infections, pain and muscle damage. Minimally invasive spinal surgeries are done more which has boosted the market of spinal implants.

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Major Key Players

  • Alphatec Spine Inc,
  • Amedica Corporation,
  • Depuy Synthes Inc. (Johnson & Johnson),
  • Exactech Inc.,
  • Globus Medical Inc.,
  • Integra LifeSciences,
  • K2M Inc.,
  • LDR Holding Corporation,
  • Medtronic plc,
  • NuVasive Inc.,
  • Orthofix Holdings, Inc.,
  • RTI Surgical Inc.,
  • Stryker Corporation,
  • Quandary Medical LLC,
  • Zimmer Biomet.

There are some other factors which have substantial impact on the spinal implant market. Rise in number of vehicular accidents, increased spinal injuries and disorders, increasing geriatric and obese population, lack of proper nutrition and exercise which are consequently increasing chronic back problems. All these are some of the factors which are responsible for the growth of the global spinal implants market. However, high cost of the spinal implants, spinal surgical procedures and unstable reimbursement policies put immense pressure on developing nations and the low income economies causing hindrance to the growth of the spinal implants market.

Go through the market data and market information presented through more than 50 market data tables and figures in 80 pages of the project report. Read the table of content (TOC) & market synopsis on “Spinal Implants Market Research Report –Global Forecast till 2022

Intended Audience

  • Spinal implants devices manufacturers and suppliers
  • Contract research organizations (CROs)
  • Research and development (R&D) companies
  • Government research laboratories
  • Independent research laboratories
  • Government and independent regulatory authorities
  • Market research and consulting service providers
  • Academic institutes and universities

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Regional Analysis:

Depending on the geographical segmentation, spinal implants market is divided into four key regions:  America, Europe, Asia-Pacific, and Middle East & Africa. Globally America is the largest market for spinal implants in which North America is the leading market. Globally Europe is the second-largest for spinal implants which is expected to continue its growth in the near future. Asia-pacific region is expected to be fastest growing region in the spinal implants market.

Segmentation:

Spinal implants market has been segmented on the basis of type of implant which includes fusion implants and non-fusion implants. On the basis of procedure, market is segmented into open surgery and minimally invasive surgery. On the basis of material, market is segmented into titanium, titanium-alloy, stainless steel, and plastic.

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