As per DelveInsight analysis, the Spinal Implants market size is anticipated to increase owing to the rising prevalence of various spinal disorders, which include spinal stenosis, disc herniation, and degenerative disc diseases, among others in the older population across the globe. Moreover, shifting focus towards technological advancement in bone graft products, rising awareness among the patient population regarding spinal disorder and their proper management, and rising preferences for minimally invasive surgeries will also drive the Spinal Implants market growth.
LAS VEGAS, March 16, 2022 /PRNewswire/ -- DelveInsight's Spinal Implants Market Insights report provides the current and forecast market, upcoming device innovation, individual leading companies market shares, challenges, market drivers, barriers, and trends, and key Spinal Implants companies in the market.
Key Takeaways from the Global Spinal Implants Market
- According to DelveInsight analysis, North America is anticipated to dominate the global Spinal Implants market during the forecast period.
- The leading Spinal Implants companies including Medtronic, Johnson & Johnson, Zimmer Biomet, Stryker Corporation, B. Braun Melsungen AG, NuVasive, Inc., Orthofix Medical Inc., XTANT MEDICAL, RTI Surgical, Life Spine, Inc., Globus Medical, Captiva Spine, Inc., Medacta International, ATEC Spine, Inc, Advin Health Care, Auxein Medical, Aurora Spine, Spineology Inc., Camber Spine Technologies, LLC, Exactech, Inc., and others are currently dominating the Spinal Implants market.
- As per DelveInsight analysis, the global Spinal Implants market size is expected to surpass USD 16 billion by 2026.
- In August 2021,Aurora Spine Corporation received FDA 510(k) clearance for DEXA-C Cervical Interbody System.
- In August 2021, Camber Spine received FDA 510(k) clearance for both its SPIRA-P Posterior Lumbar Spacer technology and SPIRA-T Oblique Posterior Lumbar Spacer technologies.
- In March 2021, Aurora Spine Corporation successfully launched its Proprietary SiLO Posterior SI Joint Fusion System.
- In October 2020, Medtronic launched Adaptix Interbody System, a navigated titanium implant with Titan nanoLOCK surface technology, a blend of surface textures on the macro, micro, and nano levels.
For more insights about the Spinal Implants market; download the snapshot of the key highlights entailed in the Spinal Implants Market Report
Spinal Implants
Spinal Implants are devices surgeons use during surgery to treat deformity, stabilize and strengthen the spine, and facilitate fusion. Disorders treated using spinal implants include degenerative disc disease, scoliosis, kyphosis, spondylolisthesis, and fracture.
An implant may be beneficial to anyone suffering from a degenerative spinal disease or recuperating from fusion surgery. A spinal fusion surgery joins vertebral segments to prevent unwanted movement that causes discomfort. The outcomes of the procedure are maintained with a spinal implant.
There are various types of spinal implants that doctors might employ to treat a patient's spinal problems. Cages, hooks, plates, screws, rods, and spinal cord stimulators are some of the most frequent spinal implants.
Spinal Implants Market Insights
North America is expected to dominate the overall Spinal Implants market during the forecast period. This domination is due to the existence of a well-established reimbursement scenario for spinal surgeries in the region. In addition, the presence of proper and advanced healthcare facilities, and the rising prevalence of low back pain in the region is also a factor driving the market in the region.
Moreover, product approvals in the region will also contribute to the Spinal Implants market in the region. For instance, in August 2020, Orion Biotech Inc. received the FDA approval for Thoracolumbosacral Pedicle Screw System intended to provide posterior, non-cervical immobilization and stabilization of spinal segments in skeletally mature patients.
For further information about the scenario of the Spinal Implants market in other geographies, visit Spinal Implants Market
Spinal Implants Market Dynamics
The demand for spinal implant devices are growing at an unprecedented rate because of the rising population suffering from spinal related deformities caused due to road traffic crashes, falls, or increasing age across the globe. The rising aging population is more susceptible to developing spinal deformities such as degenerative disc disorders, spinal stenosis, and others.
In addition, burgeoning demand for minimally invasive spinal surgical procedures owing to the advantages such as smaller incisions, less muscle damage, decreased blood loss, and length of hospital stay following surgery in comparison to the standard open approach will also contribute to the global Spinal Implant devices during the forecasted period. Thus, all these factors are likely to bolster the global Spinal Implants market.
However, certain factors such as stringent regulatory for the implants and the high cost of the devices as well as surgery are likely to hinder the Spinal Implants market growth.
Get a sneak peek at the spinal stimulator implant market dynamics @ Spinal Implants Market Dynamics Analysis
Scope of the Spinal Implants Market Report
- Coverage: Global
- Study Period: 2021-2026
- Market Segmentation By Product Type- Spinal Fusion & Fixation Devices (Thoracolumbar Devices, Cervical Fixation Devices, and Interbody Fusion Devices) Motion Preservation/Non-Fusion Devices (Artificial Disc Replacement, Dynamic Stabilization Devices, Annulus Repair Devices, and Others), Vertebral Compression Fracture Treatment Devices/Spine Augmentation Devices (Vertebroplaty Devices, Balloon Kyphoplasty Devices), Spine Biologics (Demineralized Bone Matrix, Bone Morphogenetic Proteins, Allografts, and Others)
- Market Segmentation By End-User - Hospitals, Orthopedic Clinics, and Others
- Market Segmentation By Geography - North America, Europe, Asia-Pacific, and Rest of World
- Key Spinal Implants Companies - Medtronic, Johnson & Johnson, Zimmer Biomet, Stryker Corporation, B. Braun Melsungen AG, NuVasive, Inc., Orthofix Medical Inc., XTANT MEDICAL, RTI Surgical, Life Spine, Inc., Globus Medical, Captiva Spine, Inc., Medacta International, ATEC Spine, Inc, Advin Health Care, Auxein Medical, Aurora Spine, Spineology Inc., Camber Spine Technologies, LLC, Exactech, Inc., and others.
- Porter's Five Forces Analysis, Product Profiles, Case Studies, KOL's Views, Analyst's View
DelveInsight Analysis: The Spinal Implants market size is expected to grow at a CAGR of 5.37% during the forecast period (2021-26)
Which MedTech key players in the Spinal Implants market are set to emerge as the trendsetter explore @ Spinal Implants Distributors
Table of Contents
1 | Spinal Implants Market Report Introduction |
2 | Spinal Implants Market Executive summary |
3 | Regulatory and Patent Analysis |
4 | Spinal Implants Market Key Factors Analysis |
5 | Porter's Five Forces Analysis |
6 | COVID-19 Impact Analysis on Spinal Implants Market |
7 | Spinal Implants Market Layout |
8 | Spinal Implants Global Company Share Analysis - Key 3-5 Companies |
9 | Spinal Implants Market Company and Product Profiles |
10 | Project Approach |
Learn more about the spinal stimulation implant @ Spinal Implants and Devices Market
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