Escalating incidences of spinal disorders, a growing geriatric populace, and increasing preference for minimally invasive surgical procedures are the key element driving the industry’s expansion.
The global Spinal Implants and Surgery Devices and Surgery Devices Market is expected to be valued at USD 14.70 Billion in 2027 from USD 10.22 Billion in 2019, registering a CAGR of 4.6% through the forecast period. The escalated progress of the market can be accredited to the soaring incidences of spinal disorders and spinal injuries. According to the WHO, nearly 250,000 to 500,000 spinal cord injuries are recorded annually across the world. These injuries are generally due to avoidable reasons such as falls, road accidents, violence, or extreme conditions that sometimes lead to premature deaths.
Spinal cord injuries are also associated with the development of secondary conditions such as UTIs, pressure ulcers, deep vein thrombosis (DVT), osteoporosis, and chronic pain, among others. These situations have added to the escalating demand for Spinal Implants and Surgery Devices and surgical devices. Additionally, certain elements, such as the augmenting geriatric population, increasing preference for less invasive procedures, and expanding research activities into developing cutting-edge spinal devices, are projected to further fuel the market growth.
However, the high costs associated with Spinal Implants and Surgery Devices and surgical procedures for their implantation can impede the market growth.
You Can Download Free Sample PDF Copy of Spinal Implants and Surgery Devices Market at https://www.emergenresearch.com/request-sample/393
Key Findings from the Report:
Spine biologics is projected to expand significantly in the forecast timeframe owing to the augmenting demand for Spinal Implants and Surgery Devices. The implants are deployed to attain arthrodesis during the procedure to treat symptomatic deformity.
Spine fusion is widely used in the treatment of spinal trauma, tumors, and degenerative nerve disorders. Spinal fusion confers several benefits, such as less blood loss and a minimally invasive technique that enables lesser tissue damage and a significantly shorter hospital stay. The spinal fusion and fixation segment occupied a 62.0% share of the market in 2019 and is projected to proliferate over the projected timeframe.
Minimally invasive spinal surgeries confer lesser scarring, reduced blood loss, minimal tissue damage, low infection risk, and improved cosmetic end-results. The segment is projected to observe a significant growth in the forecast timeframe, registering a CAGR of 5.4%.
North America dominated the market growth in 2019 and is projected to command the market expansion in the forecast timeframe. The dominance of the region can be accredited to the accelerated technological advancement in the healthcare devices and facilities, escalating geriatric populace, and favorable reimbursement scenarios to encourage intricate and complex spinal surgeries.
Key companies of the market include Abbott Laboratories, Stryker Corporation, Nuvasive Inc., RTI Surgical Inc., Zimmer Biomet Holdings Inc., Depuy Synthes, Boston Scientific, B. Braun Melsungen, Medtronic PLC, and Orthofix International NV, among others.
In 2019, RTI Surgical Holdings, Inc., a leader in surgical implants, announced the completion of its acquisition of Paradigm Spine, LLC, a global leader of non-fusion and fusion spinal implant solutions and motion preservation.
Get access to FREE Sample PDF Copy of Spinal Implants and Surgery Devices Market at https://www.emergenresearch.com/request-sample/393
For the purpose of this report, Emergen Research has segmented the Global Spinal Implants and Surgery Devices and Surgery Devices Market on the basis of product type, technology, surgery type, end-user, and region:
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Thoracic Fusion & Lumbar Fusion Devices
- Cervical Fusion Devices
- Spine Biologics
- Vertebral Compression Fracture Treatment Devices
- Spinal Decompression Devices
- Spine Bone Stimulators
- Non-Fusion Devices
- Dynamic Stabilization Devices
- Artificial Discs
- Annulus Repair Devices
- Nuclear Disc Prostheses
Technology Outlook (Revenue, USD Billion; 2017-2027)
Spinal Fusion & Fixation
Vertebral Compression Fracture Treatment
Surgery Type Outlook (Revenue, USD Billion; 2017-2027)
Minimally Invasive Surgery
End-User Outlook (Revenue, USD Billion; 2017-2027)
Ambulatory Surgical Centers
Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Spinal Implants and Surgery Devices Market Segmentation & Impact Analysis
Chapter 5. Spinal Implants and Surgery Devices Market By Product and Services Insights & Trends Revenue (USD Million)
Chapter 6. Spinal Implants and Surgery Devices Market By End User Insights & Trends Revenue (USD Million)
Chapter 7. Spinal Implants and Surgery Devices Market Regional Outlook
Chapter 8. Competitive Landscape
Company Name: Emergen Research
Contact Person: Eric Lee
Email: Send Email
Phone: +1 (604) 757-9756
Address:14671 110 Avenue Surrey, British Columbia, V3R2A9
State: British Columbia