Spinal Implants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Spinal Implants Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : July, 2020 | Medical Devices | PPT format

Report Digest


Global Spinal Implants Market: Overview

Rapidly growing population and significantly increase in the treatment rate of degenerative spine disorders are the key factors driving demand in the global spinal implants market. Changing the lifestyle that led to the growth of obesity among the masses has further augmented growth for spinal implants. Increasing spine injuries due to increasing sports activities and other reasons are also benefitting growth in this market. Moreover, the rising preference for minimally invasive diseases is also expected to boost demand for spinal implants.

The key categories in the global spinal implants market are likely to include procedure, material, and products. Based on the product type, the market is expected to be segmented into spinal fusion devices, vertebral Compression Fracture (VCF) treatment devices, spine biologics, non-fusion devices/motion preservation devices, spinal bone stimulators, and others. These segments are further segmented to gain a clearer insight into this market. In terms of procedure, the market is expected to be divided into minimally invasive surgery (MIS), open surgery, and others.

The report on the global spinal implants market is highly insightful and provides complete knowledge about the market to the key stakeholders. The information presented is gathered from various reliable sources and is been validated by using different statistical tools. Moreover, information in this report also helps the players to take better and well-informed decisions for their growth in the coming years.

Global Spinal Implants Market: Recent Developments  

Development of new techniques to treat spinal injuries is the key growth potential in the global spinal implants market. Recently, Nexxt Spine developed 3D printed bone healing spinal implants. MTS Systems Corporation, a supplier of testing systems and simulations assisted Nexxt Spine in developing 3D spinal implants. Another example is of RTI Surgical that has recently deployed Fortilink Interbody Fusion (IBF) 3D printed implants. They are planning to test efficacy and safety of these plants on Degenerative Disc Disease (DDD) patients.

Global Spinal Implants Market: Trends and Opportunities

Development of new and effective technologies in spine care is likely to create a huge growth opportunity in the global spinal implants market. These developments are taking place because of 17,000 new cases of spinal cord injuries in the United States. The National Spinal Cord Injury Statistical Center presented this figure in 2016. Additionally, the data presented by the American Chiropractic Association shows that people suffering from lower back pain is nearly 31 million in the U.S. each year billions of money is spent on back pain treatment. Thus, with the growing spinal issues, the growth in the global spinal implants market is likely to increase significantly in the coming years.

Global Spinal Implants Market: Regional Outlook

On the regional front, developed economies in North America are projected to hold a higher share in the global spinal implants market. The increasing use of nanotechnology in the pharmaceutical sector, advancement in the manufacturing process, and technological innovation are the major factors fuel growth of spinal implants in North America.

On the other hand, Asia Pacific is also projected to contribute to the growth of this market in the coming years. Increasing investment in healthcare infrastructure and growing support of developing and advancing healthcare are likely to fuel growth in the global spinal implants market.

Some of the most prominent competitors operating in the competitive landscape of global spinal implants market include –

  • Orthofix International N.V.
  • Alphatec Holdings, Inc.
  • K2M Group Holdings, Inc.
  • America Corporation
  • Exactech Inc.
  • RTI Surgical, Inc.
  • Alliance Spine
  • Integra LifeSciences
  • LDR Holding Corporation
  • AESCULAP
  • Apollo Spine
  • Quandary Medical LLC
  • Premia Spine
  • Ascendx Spine
  • Back 2 Basics Spine
  • A-Spine

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.