The Spine Implants by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Spine Implants, The spine implants market size has grown strongly in recent years. It will grow from $11.54 billion in 2023 to $12.23 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to rising incidences of spinal disorders, growth in the number of healthcare facilities, growing demand for spine surgeries in emerging markets, rapid growth in elderly population, launch of advanced bone grafting products, and increasing adoption of minimally invasive spine surgeries.
The spine implants market size is expected to see strong growth in the next few years. It will grow to $15.17 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to advancements in spine surgery technologies, increasing elderly population, changes in lifestyles, faster economic growth and increasing reimbursement for spine implants. Major trends in the forecast period include adopting nanosurface technology to development of novel bioceramic materials, focusing on development of smart metals, developing novel motion preservation devices for spine implants, investing in 3d printing technologies, offering patient specific instrumentation and adaptive spine technology (ast), focusing on minimally invasive spinal surgery and novel endoscopic spinal surgery..
The rising incidences of spinal disorders are contributing to the growth of the global spine implants market. According to Branko PRPA, surgical in September 2021, annually there are 1.34 to 4.6 spinal cases per million and 1,400 new cases diagnosed each year, with 33,000 having some type of disability in the US and among them, 30% of the adult female population suffers from lower back pain, compared to 25 percent of the adult male adult population and this is approximately 31% of men acknowledged that their condition affects their employment compared to 20% of women. In 2021, the prevalence of neuropathic pain was found to be between 16% and 55%. Therefore, the increased prevalence of spinal disorders along with the ease in treatment by MISS approaches is driving the global spinal implants market.
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The spine implants market covered in this report is segmented –
1) Spine Implants Market By Product: Spinal Fusion Devices, Non-Fusion Devices/Motion Preservation Devices, Vertebral Compression Fracture (VCF) Treatment Devices, Spinal Bone Stimulators And Spine Biologics
2) Spine Implants Market By Procedure: Open Surgery, Minimally Invasive Surgery (MIS)
3) Spine Implants Market By Material: Metallic, Polymeric, Ceramic
4) Spine Implants Market By End User: Hospitals, Specialty Orthopedic And Spine Centers, Ambulatory Surgical Centers
Top Major Players
Marriott International Inc.
Hilton Worldwide Holdings Inc.
Four Seasons Hotels Ltd.
Accor Group
The Ascott Limited
The innovation of implants in providing minimally invasive and motion-preserving stabilization is a major trend in the spine implants market. For example, RTI Surgical Holdings, a global surgical implant company, has launched the first and only posterior lumbar motion preservation solution, Coflex. Coflex is a differentiated, minimally-invasive, motion-preserving stabilization implant that is FDA PMA-approved for the treatment of moderate to severe lumbar spinal stenosis (LSS). It can be directly implanted following a surgical decompression, without fusing the bones. The device comes in different sizes to fit the patient’s anatomy, and this can be performed even in an outpatient setting.
The spine implants market report table of contents includes:
1. Executive Summary
2. Spine Implants Market Characteristics
3. Spine Implants Market Trends And Strategies
4. Spine Implants Market – Macro Economic Scenario
5. Global Spine Implants Market Size and Growth
…..
32. Global Spine Implants Market Competitive Benchmarking
33. Global Spine Implants Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Spine Implants Market
35. Spine Implants Market Future Outlook and Potential Analysis
36. Appendix
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