Interbody Spine Implants Market to Reach $2170.74 Million by 2027. 3D Technology to Create Buzz in the market- Arizton

Subheading: The interbody spinal implants market was valued at $1849.30 million in 2021 to reach $2,170.74 million by 2027.

According to the Arizton's latest research report, the interbody spine implants market, North America is expected to dominate the industry due to the relatively higher penetration of spine implants than the other regions and the high volume of spinal fusion and non-fusion surgeries.

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KEY INSIGHTS:   
• The global interbody spine implants market would realize an absolute growth of over 17.38% in terms of revenue between 2021 and 2027.
• In 2021, North America accounted for a revenue share of 63.15% in the global interbody spine implants market. The regional market is expected to retain its dominance during the forecast period and is likely to grow at a lesser CAGR than APAC as it has reached maturity.
• The global interbody spine implants market is witnessing various technological advancements and innovations. Among the latest technological breakthroughs, 3D-printing and custom-fit spine implants are fast becoming transformative technologies with a potentially wide range of applications in spine surgery.
• Interbody spine implants market continues to be one of the hottest areas for M&A activities in the overall MedTech industry. The market has been witnessing significant acquisitions over the last decade. Such strategic acquisitions are likely to change the market dynamics and could even shuffle the market positions of leading players during the forecast period.
• Global players in the market are adopting acquisition strategies to remain competitive and extend their presence across geographies for higher market share. In addition, the competition among tier II and III players is high, with many regional and local players offering a diverse range of spine implants with minimal product differentiation.
• Among product type segments, the lumbar segment dominates the global interbody spine implants market, accounting for a share of 60.57%, followed by cervical with 39.43%.

KEY OFFERINGS:  
• Market Size & Forecast by Revenue | 2021-2027
• Market Dynamics - Leading trends, growth drivers, restraints, and investment opportunities 
• Market Segmentation - A detailed analysis Product Type, Material, End-User, and Geography
• Competitive Landscape - 6 key vendors and 24 other prominent vendors 

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INTERBODY SPINAL IMPLANTS MARKET - TRENDS & OPPORTUNITIES
In recent years, the market has witnessed the launch of several advanced and innovative spine implant devices along with major changes in terms of product design, material use, and spinal surgery techniques. The advent of 3D printing techniques in spine surgery has various uses such as designing patient-specific spinal orthoses and producing customized spinal implants. The 3D printing technology has leveraged to manufacture interbody fusion devices. The material property of these interbody fusion devices plays a vital role in positive long-term functional outcomes, thereby, the 3D technology is gaining traction in the market.

Segmentation by Product Type
• Lumbar
• Cervical
Segmentation by Material
• Metal
• Peek
• Others
Segmentation by End Users
• Hospitals
• Speciality Orthopedic & Spine Centers
• ASCs
Segmentation by Geography
• North America
o US
o Canada
• APAC
o Japan
o China
o India
o South Korea
o Australia
• Europe
o Germany
o France
o UK
o Spain
o Italy
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East & Africa
o Turkey
o Saudi Arabia
o South Africa

KEY DRIVERS AND TRENDS FUELING MARKET GROWTH: 
• The emergence of 3D-Printed and Custom-Fit Spine Implants
• Growing Demand of Biomaterial Use in Spine Implants
• New Product Launches in Interbody Spine Implants Market
• Technological Advancements in Spinal Treatments
• Growing Demand for Minimally Invasive Spine Surgeries

INTERBODY SPINAL IMPLANTS MARKET - COMPETITIVE LANDSCAPE
More than 400 vendors in the market offer a wide array of spine implants worldwide. Among all the companies that primarily derive revenue from spine implants, most of the emerging vendors are growing at high single-digit or low double-digit rates over the past few years. Players will strategize to either collaborate with bigger companies through licensing agreements and private labelling or offer spine implants at competitive prices to expand their presence in the industry. The spine implants market will offer many M&A opportunities for global players. Small and innovative companies are gaining market share as top competitors struggle to increase their sales volume.

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Key Vendors
• Globus Medical
• Johnson & Johnson
• Medtronic
• NuVasive
• Stryker
• Zimmer Biomet

Other Prominent Vendors
• Aegis Spine
• ATEC Spine
• Atlas Spine
• Aurora Spine
• Braun Melsungen
• Beijing Chunlizhengda Medical Instruments
• Benvenue Medical
• BM Korea
• Canwell Medical
• ChoiceSpine
• Cousin Surgery
• EUROS
• Genius Ortho
• Inion
• L&K Biomed
• Life Spine
• Medacta International
• Novax DMA
• Orthofix Medical
• SpineCraft
• Spinal Elements
• SpineVision
• South America Implants
• Ulrich Medical

Explore our healthcare & lifesciences profile to know more about the industry. 

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ABOUT ARIZTON:  
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services. 

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts. 

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports. 

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This release was published on openPR.