Interbody Spine Implants Market Revenue and Growth Insight Report

In 2021, the global interbody spine implants market accounted for $1,904.8 million revenue, which is expected to touch $2,471.8 million by 2030, at a 2.9% CAGR. Advancements in spinal surgery technologies, increasing demand for spinal fusion devices owing to the rising prevalence of spinal ailments, fast acceptance of minimally invasive spine operations, and surging number of sophisticated bone-grafting product launches are the primary drivers for the market.

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Market Opportunities

• Owing to the aging of the global population, there is a continuing demand for spinal implants, which drives spinal implant innovation. Metallic biomaterial implants, bioceramic implants, and polymeric implants have been developed for improved clinical results.

• Many companies offer products for advanced techniques, including oblique lateral interbody fusion (OLIF), robot-assisted spine surgery, and 3D printing, which offer several opportunities in the field of neurology drugs and surgeries.

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It is given that spinal issues are more common in elderly people than in adolescents or youngsters. A rapid growth in the elderly population all over the globe, and especially in the Asian subcontinent will add up to the demand for interbody spinal implants. The elderly population of India will touch 194 million in the year 2031 from 138 million in 2021, a 41% increase will be experienced over the next ten years as per a report of the NSO

The interbody spine implants market of the APAC region will grow the fastest, with a growth rate of over 3.0%, by the end of this decade. Japan, India, China South Korea, and Australia contribute significantly to the regional market. This is because of the existence of a large patient population, a rise in consciousness of spinal disorders and treatment opportunities, enhancements in healthcare infrastructure, and an increase in healthcare spending. Furthermore, there is a presence of elderly population has a high risk of spinal ailments.

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The volume of patients having from spine disorders is rising at a global level. For treating these conditions doctors need cutting-edge implants and technologies. Some of the key ailments treated with the use of spine implants include scoliosis, degenerative disc disease, spondylolisthesis, fracture, and kyphosis. As per a study of the NLM, more than 266 million people have lumbar DSD every year. This enormous population having spine disorders intensifies the requirement for interbody spine implants.

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