Notifications
2023: The Inceptiv spinal cord stimulator by Medtronic has granted CE Mark approval, which includes closed-loop sensing as a measure against chronic pain.
According to MarkNtel Advisors study, The Global Spinal Implants Market size was valued at USD 10.6 billion in 2023 and is estimated to grow at a CAGR of around 6.1% during the forecast period, i.e., 2024-30.
Driven by age & degenerative causes such as osteoarthritis, injuries, etc., the prevalence of various spinal disorders, such as spinal stenosis, spondylolisthesis, and degenerative disc disease, has increased. This has resulted in increased adoption of spinal implants and has accelerated the growth of the Global Spinal Implants Market. Further, the incidence of low back pain (LBP) is increasing across the world. For instance, as per the World Health Organisation (WHO), it is estimated that the number of cases of low back pain (LBP) would increase to 843 million by 2050, up from 619 million in 2020, pushed largely by population expansion & aging.
Individuals with chronic back pain who remain unresponsive to traditional treatments, such as physical therapy, medication, and injections have started considering spinal implants. The spinal implants offer structural stability to the spine by stabilizing segments & decreasing nerve pressure, resulting in reduced agony. Moreover, the demand for spinal implants would increase, considering many people would go for spinal procedures.
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Key Findings in Spinal Implants Market:
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Historical Years |
2019-2022 |
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Base Years |
2023 |
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Forecast Years |
2024-2030 |
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Key Report Highlights |
· Market Dimensions & Projections · Pricing Evaluation, · Recent Strategic Moves by Companies, · Primary Stakeholders, · Analysis of Import and Export Trends, · Competitive Landscape Assessment, · Emerging Opportunities, · Market Trends and Indicators |
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Reports Delivery Format
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Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 25 hours of the payment being successfully received, the report will be sent to your email address. |
Spinal Implants Market Key Players:
Medtronic Plc, Johnson & Johnson Medtech, Nuvasive, Inc, Stryker Corporation, Globus Medical, Inc., Zimmer Biomet Holdings, Inc., Orthofix International N.V., Ulrich Gmbh & Co. Kg, B. Braun Melsungen Ag, Integra Lifesciences Holdings Corporation, Boston Scientific Corporation, Abbott Laboratories, Spineart, Centinel Spine Llc, Premia Spine, Others,
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Market Segmentation Overview:
By Product
-Thoracic & Lumbar Fusion Devices
--Posterior Thoracic & Lumbar Fusion Devices
--Interbody Thoracic & Lumbar Fusion Devices
--Anterior Thoracic & Lumbar Fusion Devices
-Cervical Fusion Devices
--Anterior Cervical Fusion Devices
--Posterior Cervical Fusion Devices
-Spine Biologics
--Demineralized Bone Matrix
--Bone Morphogenetic Proteins
--Bone Substitutes
--Machined Bones
--Cell-based Matrices
--Allograft Bone
-VCF Treatment Devices
--Balloon Kyphoplasty Devices
--Vertebroplasty Devices
-Spinal Decompression Devices
--Discectomy
--Laminoplasty, Laminectomy, and Laminotomy
--Foraminotomy & Foraminectomy
--Facetectomy
--Corpectomy
-Non-fusion Devices
--Dynamic Stabilization Devices
--Artificial Discs
--Annulus Repair Devices
--Nuclear Disc Prostheses
-Spine Bone Stimulators
--Non-invasive Spine Bone Stimulators
--Invasive Spine Bone Stimulators
The Non-fusion Devices segment of the Spinal Implants Market is anticipated to grow with the highest market share over the forecast period. One reason for the increased usage of non-fusion spinal implants is due to a plethora of implant stimulators available worldwide, which, in turn, has been attributed to an aging population and high rates of spine-related illnesses.
Unlike fusion surgeries that cause significant disruptions in adjacent tissues, non-fusion procedures offer minimal interference, potentially leading to quicker recovery times, something highly sought after by patients seeking speedy rehabilitation outcomes. Further, the rise in several sports injuries and increasing cases of accidental falls have contributed to the growing demand for spinal implants, as individuals who have witnessed such cases must have been required to undergo spinal implant procedures to return to their daily lives.
By Application
-Spinal Fusion & Fixation
-VCF Treatment
-Motion Preservation/Non-fusion
-Spinal Decompression
By Type of Surgery
-Open Surgery
-Minimally Invasive Surgery
By End User
-Hospitals
-Specialty Clinics
-Others (Ambulatory Surgical Centers, Research Organisations, etc.)
By Region
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The Spinal Implants Industry Recent Development:
2022: The Summit LTX Plus Interbody System by Depuy Synthes was introduced to the market, further broadening their offerings of intervertebral spacers for lumbar fusion procedures. This latest addition boasts improved design features.
About MarkNtel Advisors:
MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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