Spinal Implants Market is Expected to Reach USD 16.74 Billion by 2030

PRESS RELEASE
Published July 21, 2023

Global Spinal Implants Market analysis report is one of the unsurpassed and comprehensive market research reports which emphasize the challenges, market structures, opportunities, driving forces, emerging trends, and competitive landscape of HEALTHCARE industry. Few of the major industry insights of the report can be listed as; distinct analysis of the market drivers and restraints, major market players involved like HEALTHCARE industry, detailed analysis of the market segmentation and competitive analysis. The world class Global Spinal Implants Market report takes into account all the aspects of market that are necessary to create the finest and top-notch market research report.

The increased prevalence of spinal disorders, fractures, and injuries, as well as the rising need for improved medical technology and implants, are expected to drive market expansion throughout the forecast period. According to WHO figures, around 250,000 to 500,000 SCI cases are recorded globally each year. Most SCIs are caused by preventable reasons such as falls, car accidents, and violence. Every year, the WHO estimates that 40 to 80 cases of SCI occur per million persons worldwide. Patients with SCI have a higher risk of death since they are 2 to 5 times more likely to die before their time than patients without SCI. Accidents at work or in sports cause a substantial number of traumatic SCIs.

Data Bridge Market Research analyses that the spinal implants market which was USD 9.93 billion in 2022, is expected to reach USD 16.74 billion by 2030, at a CAGR of 6.75% 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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“Growing number of traffic accidents is bolstering the market growth”

Increased traffic accidents have resulted in an increase in the number of SCIs. Car accidents, as well as steamrollers, bulldozers, forklifts, and other unclassified vehicles, are some of the main factors in SCI causes, according to the National Spinal Cord Injury Statistical Centre (NSCSC). The lumbosacral spine was the most usually involved location in a research that included all individuals with spinal fractures after car accidents, according to NCBI. Whiplash (a neck/cervical spine injury), herniated discs, and vertebral fractures are among the most frequent spine injuries sustained in a car accident. According to the NCBI, adults aged 76 and older account for nearly 75% of SCI cases caused by falls. These are the specific aspects that drive market expansion.

Market Definition

Spinal implants are instruments used during spinal surgery to facilitate fusion, stabilize, correct deformities, and strengthen the spine. The spinal implants are made of metals such as stainless steel or titanium and come in a variety of sizes depending on the treatment requirement. Hooks, cages, pedicles screws, plates, and rods are also included. There is a lot of research being done to improve implant outcomes.

Drivers

  • Rise in traffic accidents

Increasing cases of road accidents has resulted in a significant increase in the number of SCIs. According to the National Spinal Cord Injury Statistical Center (NSCSC), car accidents, as well as steamrollers, bulldozers, forklifts, and other unclassified vehicles, are some of the driving factors in SCI causes. According to NCBI, the lumbosacral spine was the most commonly involved region in a study that included all patients with spinal fractures after car accidents. Whiplash (a neck/cervical spine injury), herniated discs, and vertebral fractures are some of the most common motor vehicle accident-related spine injuries. According to the NCBI, approximately 75% of SCI cases due to falls occur in people aged 76 and older. These are the certain factors which propel the market growth.

  • Introduction of 3D printing

The introduction of 3D printed and custom-fit spinal implants is providing vendors with lucrative growth opportunities as the demand for innovative products with high performance and efficiency grows. 3D printed and custom-fit implants aid in the development of a custom-fit implant for the patient and have seen increased use in pre-operative and intra-operative settings. Furthermore, the use of bioresorbable spinal implants in spine surgeries represents a novel approach to treating various spine disorders/ailments. The use of bioabsorbable materials is important in specific spinal reconstructive procedures with improved image assessment and fusion healing properties. Thus, commercially available biodegradable implants are likely to disrupt the global market in the coming years.

The Prominent Key Players Operating in the Global Spinal Implants Market Include:

  • Medtronic (Ireland)
  • Zimmer Biomet (U.S.)
  • Alphatec Spine Inc. (U.S.)
  • RTI Surgical (U.S.)
  • Stryker (U.S.)
  • Orthofix US LLC (U.S.)
  • NuVasive Inc. (U.S.)
  • Globus Medical (U.S.)
  • Aesculap Inc. (U.S.)
  • Apollo Hospitals Enterprise Ltd. (India)
  • Centinel Spine LLC (U.S.)
  • Premia Spine (U.S.)
  • Exactech Inc. (U.S.)
  • Aesculap Inc. (U.S.)
  • Lumitex LLC (U.S.)
  • Life Spine Inc. (U.S.)
  • Integra LifeSciences (U.S.)

To Gain More Insights into the Market Analysis, Browse the Summary of the Research Report@  https://www.databridgemarketresearch.com/reports/global-spinal-implants-and-spinal-devices-market?Shri

Spinal Implants Market Scope

The spinal implants market is segmented on the basis of procedure, indication, product type, configuration and material. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Procedure

  • Open Surgery
  • Minimally Invasive Surgery
  • Others

 Product Type

  • Artificial Discs
  • Dynamic Stabilization Devices
  • Spinal Fusion Implants

Thoracolumbar devices

  • Anterior lumbar plates
  • Lumar plates
  • Pedicle screw
  • Rods
  • Hooks
  • Wires
  • Cables
  • Crosslinks

  Cervical fixation devices

  • Anterior Cervical Plates
  • Hook Fixation Systems
  • Plates and Screws
  • Clamps and Wires
  • Interbody Fusion Devices
  • Non-bone Interbody Fusion Devices
  • Bone Interbody Fusion Devices
  • Plates
  • Cages

 Application

  • Cervical
  • Thoracic
  • Lumber

 Material

  • Stainless Steel
  • Titanium
  • Cobalt Chrome
  • Polyetheretherketone (PEEK)

 Indication

  • Spinal Trauma
  • Deformity

 Configuration

  • Spinal Fusion Devices
  • Non-Fusion Devices/Motion Preservation Devices

Dynamic stabilization devices

  • Interspinous Process Spacers
  • Pedicle Screw-based Systems
  • Facet Replacement Products

 Artificial discs

  • Artificial Cervical Discs
  • Artificial Lumbar Discs

 Annulus Repair Devices

  • Nuclear Disc Prostheses
  • Vertebral Compression Fracture (VCF) Treatment Devices
  • Spinal Bone Stimulators

Non-invasive spine bone stimulators

  • Pulsed Electromagnetic Field Device
  • Capacitive Coupling (CC)
  • Combined Magnetic field (CMF) Devices

Invasive spine bone stimulators

  • Spine Biologics
  • Spinal allografts
  • Machined Bones Allograft
  • Demineralized Bone Matrix

Bone graft substitutes

  • Bone Morphogenetic Proteins
  • Synthetic Bone Grafts
  •  Cell-based Matrix

Top Key Topics Covered:

  1. Strategic Imperatives
  • Factors Creating Pressure on Growth
  • The Strategic Imperative
  • Growth Opportunities Fuel the Growth Pipeline Engine
  • Research Methodology
  1. Scope and Segmentation
  • Research Context and Scope of Analysis
  • Segmentation
  • Other Techniques for This Research Report Management
  1. Growth Opportunity Analysis
  • Growth Drivers
  • Growth Restraints
  1. Introduction
  • The Impact of the COVID-19 Pandemic and Post
  • Future Growth
  1. Innovation Ecosystem

Continued…

Fundamental Aim of this Market Report

  • Notable Market rivals around the world.
  • Future Scope and Product Outlook
  • Future-promising emerging markets.
  • The Market Presents Difficult Challenges and Threats.

Key highlights of this Market report:

  • Major restraints
  • Market drivers
  • Regional bifurcation
  • Competitive hierarchy
  • Current market tendencies
  • Market concentration analysis

Browse the complete table of contents at –  https://www.databridgemarketresearch.com/toc/?dbmr=global-spinal-implants-and-spinal-devices-market&Shri

Critical Insights Related to the adalimumab biosimilar Included in the Report:

    • Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
    • Value chain analysis of prominent players in the market
    • Current trends influencing the dynamics of this market across various geographies
    • Recent mergers, acquisitions, collaborations, and partnerships
    • Revenue growth of this industry over the forecast period
    • Marketing strategy study and growth trends
    • Growth-driven factor analysis
    • Emerging recess segments and region-wise market
    • An empirical evaluation of the curve of this market
    • Ancient, Present, and Probable scope of the market from both prospect value and volume

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