The Business Research Company’s latest report Spine Implants Global Market Report 2020 covers Spine Implants market drivers, Spine Implants market trends, Spine Implants market segments, Spine Implants market growth rate, Spine Implants market major players, and Spine Implants market size. The report provides in-depth analysis of the impact of COVID-19 on the Spine Implants industry, along with revised market numbers due to the effects of the coronavirus.
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Spine Implants Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global spine implants market is expected to decline from $12.44 billion in 2019 to $11.83 billion in 2020 at a compound annual growth rate (CAGR) of -4.92%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The outbreak decreased the demand for spine implants as the treatments for spinal problems were on hold to serve the COVID patients, impacting the market negatively. The market is then expected to recover and reach $13.81 billion in 2023 at a CAGR of 5.31%.
The report covers the spine implants market’s segments-
1) By Product: Spinal Fusion Devices, Non-Fusion Devices/Motion Preservation Devices, Vertebral Compression Fracture (VCF) Treatment Devices, Spinal Bone Stimulators, Spine Biologics.
2) By Procedure: Open Surgery, Minimally Invasive Surgery (MIS).
3) By Material: Metallic, Polymeric, Ceramic.
4) By End Use: Hospitals, Specialty Orthopedic And Spine Centers, Ambulatory Surgical Centers.
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