Spinal Devices and Biologics Market Is Likely to Grasp the Value of USD 29773.40 Million by 2030, Size, Share, Key Growth Drivers, Trends And Challenges

PRESS RELEASE

Published October 23, 2023

CDN Newswire

Data Bridge Market Research recently conducted a comprehensive market intelligence study, conducting an in-depth analysis of the Spinal Devices and Biologics Market. The newly published report utilizes an attractive format, presenting essential data through visually engaging tables, graphs, charts, and figures.

This analysis of the Spinal Devices and Biologics market examines a variety of segments expected to experience the most rapid growth during the forecast period. The report includes profiles of key players and brands that dominate the Spinal Devices and Biologics market, highlighting their activities such as product launches, joint ventures, mergers, and acquisitions, which impact sales, import and export, revenue, and CAGR values. This Spinal Devices and Biologics market research report extensively discusses various market-related topics, providing valuable insights into the competitive landscape.

The data and information gathered through the research are often extensive and complex. However, these intricate market insights are simplified using proven tools and techniques to make them more accessible to end users. Estimations of CAGR values, market drivers, and restraints assist businesses in formulating various strategies. The use of established tools such as SWOT analysis and Porter’s Five Forces analysis is highly beneficial in the creation of a high-quality Spinal Devices and Biologics market research report. The process of generating the report is initiated with expert guidance, either through a series of steps or a combination of several steps.

Data Bridge Market Research analyses that the spinal devices and biologics market which is USD 8478.94 million in 2022, is expected to reach USD 29773.40 million by 2030, at a CAGR of 17.00% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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The increased use of spinal devices and biologics by surgeons has increased the demand for products that use this technology. As the population ages, so does the prevalence of degenerative devices and age-related spinal deformities, and so does the demand for spinal devices. Vertebrate materials are suitable for bone fusion surgery, spinal cord injury, and degenerative disc disease. The spine treatment market was 75% traditional metal rods and plates and 25% biological products ten years ago.

Key Growth Drivers:

Increasing demand for a number of spinal surgeries

The rise in spinal diseases has resulted in an increase in spinal surgeries, which has increased the demand for spinal devices. The most common reason for spinal surgeries is to treat degenerative disc disease and birth deformities. In the forecast period, the growing number of minimally invasive surgeries will drive the growth of the spinal devices and biologics market.

Launch of new products for increasing adoption of spinal devices

Several technological advancements in the spinal devices industry aided in the discovery of several orthopaedic implants that will better treat patients with spinal diseases. The primary manufacturers in this sector are focusing on minimally invasive solutions and customised implants, which will boost market growth even further. Furthermore, strategic collaborations among several manufacturers resulted in the discovery of novel technologies and solutions for spinal surgeries.

The report outlines the involvement of key players, including:

Exactech, Inc., (U.S.), Zimmer Biomet (U.S.), Medtronic (Ireland), Globus Medical (U.S.), Integra LifeSciences (U.S.), NuVasive, Inc., (U.S.), Stryker (U.S.), Orthofix US LLC (U.S.), Wright Medical Group N.V. (U.S.), Smith+Nephew (U.K.), ZAVATION (U.S.)

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Key Market Segmentation

Type (Fusion Devices, Non-fusion Devices), Disease Indication (Degenerative Disc Disease, Complex Deformity, Traumas and Fractures, Others), End User (Hospitals and Ambulatory Surgery Centers, Specialty Clinics, Others)

The Spinal Devices and Biologics market report includes the following countries in different regions:

The regions mentioned above encompass a comprehensive coverage of key markets, offering a global perspective on the market landscape. Here’s an overview of the regions and the countries they include:

North America: United States, Canada, and Mexico.
Europe: Germany, France, United Kingdom, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, and other European countries.
Asia-Pacific (APAC): China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and other Asia-Pacific countries.
Middle East and Africa (MEA): Saudi Arabia, United Arab Emirates (U.A.E), South Africa, Egypt, Israel, and other countries in the Middle East and Africa region.
South America: Brazil, Argentina, and other countries in South America.

TABLE OF CONTENTS

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Market Landscape

Part 05: Pipeline Analysis

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation

Part 09: Customer Landscape

Part 10: Regional Landscape

Part 11: Decision Framework

Part 12: Drivers And Challenges

Part 13: Market Trends

Part 14: Vendor Landscape

Part 15: Vendor Analysis

Part 16: Appendix

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