Spinal Implants Market Positioned for 6.1% CAGR Growth in Forecast Period

Global Spinal Implants Market Report: 2024-2030

According to MarkNtel Advisors recent report “Global Spinal Implants Market”. The report takes a numbers-based approach, breaking down precise data in a straightforward way. It consists of information on all the periods – past, present, and future. The report covers important topics like customer behavior, industry size, share, ongoing trends, market segments, and leading companies, and other valuable aspects related to the industry.

Key Highlights of the Report

Market Performance (2019-2030)
Market Outlook (2024-2030)
Market Drivers and Challenges
Competitive Benchmarking

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Spinal Implants Market Overview

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. The market expansion is attributed to several factors, such as the surge in sports injuries, increasing technological advancements, etc. The United Nations mentioned in 2023 that, globally, every year road traffic crashes cause around 20 to 50 million non-fatal injuries. Such road traffic accidents largely responsible for spinal and other injuries have propelled the demand for spinal implants.

Spinal Implants Industry Trends

Growing Preference for Minimally Invasive Spinal Implants

The preference for minimally invasive spinal implants is increasing and this comes as a significant trend in the Global Spinal Implants Market. The minimally invasive spinal implants treat spinal conditions with less disruption to surrounding tissues compared to traditional implants. They offer advantages such as reduced trauma, reduced blood loss, reduced risk of surgical complications, reduced risk of infection, reduced scarring, reduced recovery time, and reduced pain and need for medication, which increases their acceptance among the patients and the healthcare professionals.

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Spinal Implants Market Segmentation

By Product

Thoracic Lumbar Fusion Devices- Market Size Forecast 2019-2030, USD Million
Cervical Fusion Devices- Market Size Forecast 2019-2030, USD Million
Spine Biologics- Market Size Forecast 2019-2030, USD Million
VCF Treatment Devices- Market Size Forecast 2019-2030, USD Million
Spinal Decompression Devices- Market Size Forecast 2019-2030, USD Million
Non-fusion Devices- Market Size Forecast 2019-2030, USD Million
Spine Bone Stimulators- Market Size Forecast 2019-2030, USD Million

By Application

Spinal Fusion Fixation- Market Size Forecast 2019-2030, USD Million
VCF Treatment- Market Size Forecast 2019-2030, USD Million
Motion Preservation/Non-fusion- Market Size Forecast 2019-2030, USD Million
Spinal Decompression- Market Size Forecast 2019-2030, USD Million

By Type of Surgery

Open Surgery- Market Size Forecast 2019-2030, USD Million
Minimally Invasive Surgery- Market Size Forecast 2019-2030, USD Million

By End User

Hospitals- Market Size Forecast 2019-2030, USD Million
Specialty Clinics- Market Size Forecast 2019-2030, USD Million
Others (Ambulatory Surgical Centers, Research Organisations, etc.)

Geographical Insights:

North America
Europe
Asia Pacific
Middle East/Africa
South America

Competitive Landscape

The competitive landscape of the market has been studied in the report with detailed profiles of key players operating in the 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

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Why This Report:

Strategic Insights: These reports aid strategic decision-making for multinational corporations, financial institutions, and governments by providing crucial market insights.
Global Perspective: With a presence in 80+ countries, the reports offer a comprehensive view of the global market landscape, facilitating informed decision-making on both regional and international scales.
Expertise in Niche Industries: The specialized team's expertise in niche industries and emerging geographies allows for detailed and accurate market analysis, vital for informed decision-making.
Integrated Strategic Parameters: Covering strategic parameters such as Go-to-Market strategies, product development, and trend analysis empowers clients to develop tailored and informed strategies.
Identifying Growth Opportunities: The reports enable clients to identify investment opportunities, emerging market trends, and white spaces, aiding in maximizing returns and gaining a competitive edge.

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