Spinal Implants Market Size, Share, Trends, Development Strategies, Competitive Scenario and Segmentation Analysis

According to WHO, the global annual incidence of SCI is 40-80 cases per million people. SCI patients have a higher mortality risk because they die prematurely 2 to 5 times more often than patients who do not have SCI. The vast majority of traumatic SCIs are the result of work or sports-related injuries. Furthermore, the growing geriatric population and the number of obese people frequently develop symptoms associated with spinal disorders such as spinal stenosis, driving demand for spinal implant surgeries and propelling market growth. Obesity can also aggravate an already existing low back problem and cause it to reoccur. Degenerative disc disease is one of the most common spine-related disorders among the elderly.

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Data Bridge Market Research analyses that the spinal implants market which was USD 9.93 billion in 2022, is expected to reach USD 16.74 billion by 2030, at a CAGR of 6.75% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Spinal implants are instruments used during spinal surgery to facilitate fusion, stabilize, correct deformities, and strengthen the spine. The spinal implants are made of metals such as stainless steel or titanium and come in a variety of sizes depending on the treatment requirement. Hooks, cages, pedicles screws, plates, and rods are also included. There is a lot of research being done to improve implant outcomes.

Spinal Implants Market Dynamics:

Drivers

Rise in traffic accidents
Introduction of 3D printing
Opportunities

Technological advancements
Restraints/Challenges

High cost
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Global Spinal Implants Market Scope

The spinal implants market is segmented on the basis of procedure, indication, product type, configuration and material. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Some of the major players operating in the spinal implants market are:

Medtronic (Ireland)
Zimmer Biomet (U.S.)
Alphatec Spine Inc. (U.S.)
RTI Surgical (U.S.)
Stryker (U.S.)
Orthofix US LLC (U.S.)
NuVasive Inc. (U.S.)
Globus Medical (U.S.)
Aesculap Inc. (U.S.)
Apollo Hospitals Enterprise Ltd. (India)
Centinel Spine LLC (U.S.)
Premia Spine (U.S.)
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