Spinal Implants Market Poised for Robust Growth, forecasted to Expand at 6.1% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in 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. 

Report Coverage

This report offers a comprehensive analysis of the Spinal Implants Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

Spinal Implants Market Overview

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.

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Spinal Implants Market Segmentation Outlook

The Spinal Implants is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Product

• Thoracic & Lumbar Fusion Devices- Market Size & Forecast 2019-2030, USD Million
  • Posterior Thoracic & Lumbar Fusion Devices - Market Size & Forecast 2019-2030, USD Million
  • Interbody Thoracic & Lumbar Fusion Devices- Market Size & Forecast 2019-2030, USD Million
  • Anterior Thoracic & Lumbar Fusion Devices- Market Size & Forecast 2019-2030, USD Million
• Cervical Fusion Devices- Market Size & Forecast 2019-2030, USD Million
  • Anterior Cervical Fusion Devices- Market Size & Forecast 2019-2030, USD Million
  • Posterior Cervical Fusion Devices- Market Size & Forecast 2019-2030, USD Million
• Spine Biologics- Market Size & Forecast 2019-2030, USD Million
  • Demineralized Bone Matrix- Market Size & Forecast 2019-2030, USD Million
  • Bone Morphogenetic Proteins- Market Size & Forecast 2019-2030, USD Million
  • Bone Substitutes- Market Size & Forecast 2019-2030, USD Million
  • Machined Bones- Market Size & Forecast 2019-2030, USD Million
  • Cell-based Matrices- Market Size & Forecast 2019-2030, USD Million
  • Allograft Bone- Market Size & Forecast 2019-2030, USD Million
• VCF Treatment Devices- Market Size & Forecast 2019-2030, USD Million
  • Balloon Kyphoplasty Devices- Market Size & Forecast 2019-2030, USD Million
  • Vertebroplasty Devices- Market Size & Forecast 2019-2030, USD Million
• Spinal Decompression Devices- Market Size & Forecast 2019-2030, USD Million
  • Discectomy- Market Size & Forecast 2019-2030, USD Million
  • Laminoplasty, Laminectomy, and Laminotomy- Market Size & Forecast 2019-2030, USD Million
  • Foraminotomy & Foraminectomy- Market Size & Forecast 2019-2030, USD Million
  • Facetectomy- Market Size & Forecast 2019-2030, USD Million
  • Corpectomy- Market Size & Forecast 2019-2030, USD Million
• Non-fusion Devices- Market Size & Forecast 2019-2030, USD Million
  • Dynamic Stabilization Devices- Market Size & Forecast 2019-2030, USD Million
  • Artificial Discs- Market Size & Forecast 2019-2030, USD Million
  • Annulus Repair Devices- Market Size & Forecast 2019-2030, USD Million
  • Nuclear Disc Prostheses- Market Size & Forecast 2019-2030, USD Million
• Spine Bone Stimulators- Market Size & Forecast 2019-2030, USD Million
  • Non-invasive Spine Bone Stimulators- Market Size & Forecast 2019-2030, USD Million
  • Invasive 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.)

By Region

• North America
• South America
• Europe
• The Middle East & Africa
• Asia-Pacific

Spinal Implants Market Driver

Rising Prevalence of Spinal Disorders to Elevate the Demand Graph – Driven by age & degenerative causes such as osteoarthritis, injuries, etc., the prevalence of various spinal disorders, such as spinal stenosis, spondylolisthesis, and degenerative disc disease, has increased. This has resulted in increased adoption of spinal implants and has accelerated the growth of the Global Spinal Implants Market. Further, the incidence of low back pain (LBP) is increasing across the world. For instance, as per the World Health Organisation (WHO), it is estimated that the number of cases of low back pain (LBP) would increase to 843 million by 2050, up from 619 million in 2020, pushed largely by population expansion & aging.

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Top Spinal Implants Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies 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, Others as key players shaping the market landscape.

Spinal Implants Market News

• 2023: The Inceptiv spinal cord stimulator by Medtronic has granted CE Mark approval, which includes closed-loop sensing as a measure against chronic pain.
• 2022: The Summit LTX Plus Interbody System by Depuy Synthes was introduced to the market, further broadening their offerings of intervertebral spacers for lumbar fusion procedures. This latest addition boasts improved design features.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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