Medical Equipment

Global Spine Implants Market Overview And Prospects

November 24, 2021November 24, 2021 by The Business Research Company

Learn about the global spine implants market through The Business Research Company, which provides information on spine implants market size, spine implants market drivers and restraints, spine implants market players, the COVID-19 impact on the spine implants market, and more.

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The global spine implants market is expected to grow from $11.48 billion in 2020 to $12.35 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The spine implants market is expected to reach $14.86 billion in 2025 at a CAGR of 5%.

The rising incidences of spinal disorders coupled with the usage of the minimally invasive surgical procedures are expected to drive innovation in spine implants manufacturing, thus driving the market during the forecast period.

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The market for spine implants consists of sales of inserts used in the spinal surgery. Spine implants are the devices used to correct the deformity in the spine, stabilize and strengthen the spine and facilitate fusion of bones in different disorders such as degenerative disc disease, kyphosis, scoliosis, spondylolisthesis, spinal stenosis and fracture. The market consists of revenue generated by the companies manufacturing spine implants by the sales of these products.

Global spine implants market segments include:

By Product: Spinal Fusion Devices, Non-Fusion Devices/Motion Preservation Devices, Vertebral Compression Fracture (VCF) Treatment Devices, Spinal Bone Stimulators, Spine Biologics

By Procedure: Open Surgery, Minimally Invasive Surgery (MIS)

By Material: Metallic, Polymeric, Ceramic

By End Use: Hospitals, Specialty Orthopaedic And Spine Centres, Ambulatory Surgical Centres

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

The innovation of implants in providing minimally invasive and motion-preserving stabilization is a major trend in the spine implants market.

TBRC’s spine implants market report covers:

Major Market Players: Medtronic, Depuy Synthes, Johnson & Johnson, Stryker Corporation, NuVasive, Inc., Zimmer Biomet Holdings, Globus Medical, Alphatec Holdings, Orthofix International, and RTI Surgical.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Spine Implants Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides spine implants market overviews, analyzes and forecasts market size, share, spine implants market players, spine implants market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s spine implants market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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