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Spinal Implants & Devices Market Size, Share & Trends Analysis Report By Product, By Technology, By Surgery Type, By Procedure Type, And Segment Forecasts, 2023 - 2032

02-13-2023 12:28 PM CET | Health & Medicine

Press release from: Analytics Market Research

Global Spinal Implants & Devices Market

Global Spinal Implants & Devices Market

The size of the global market for spinal implants and devices, estimated at USD 12.8 billion in 2022, is expected to increase at a compound annual growth rate (CAGR) of 5.2% from 2023 to 2032. The increase in spinal cord injuries (SCIs) worldwide is responsible for the market expansion. Damage to the spinal cord results from compression or injury on the outside of the chord. The primary causes of this compression are either spinal degeneration, bone fractures, or anomalies such hematomas or herniated discs.

According to WHO figures, between 250,000 and 500,000 SCI cases are reported worldwide each year. The majority of SCIs are brought on by avoidable factors like falls, auto accidents, and violence. WHO estimates that there are 40 to 80 cases of SCI per million people worldwide each year. Patients with SCI have a higher risk of mortality because they are 2 to 5 times more likely than patients without SCI to pass away before their expected death. The majority of traumatic SCIs are brought on by accidents at work or in sports.

Additionally, the growing geriatric population and the number of obese people commonly experience symptoms linked to spinal illnesses including spinal stenosis, which further increases demand for spinal implant procedures and fuels the market's expansion. In addition, obesity often makes low back problems worse and increases the risk of recurrence. Degenerative disc disorders, spondylolisthesis, vertebral compression fractures, and spinal stenosis are the main spine-related conditions affecting the elderly population.

Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Spinal Implants & Devices market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Spinal Implants & Devices manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Spinal Implants & Devices market covering all its essential aspects.

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Market Segmentations:
Global Spinal Implants & Devices Market: Segmentations

Global Spinal Implants & Devices Market: By Key Players
Company A
Company B


Global Spinal Implants & Devices Market: By Types
Spinal Fusion devices
Spinal biologics
Vertebral compression fracture treatment devices
Non-fusion devices
Spinal bone growth stimulators

Global Spinal Implants & Devices Market: By Applications
Open Spine Surgery
Minimally Invasive Spine Surgery

Global Spinal Implants & Devices Market: Regional Analysis
The countries covered in the regional analysis of the Global Spinal Implants & Devices market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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The COVID-19 epidemic has had a significant influence on the spine surgery business. In a poll conducted in Central Europe, nearly 90% of the participants reported seeing fewer individuals with degenerative spinal illness in outpatient clinics. Additionally, the study found that about 50% of the surgeons who contracted SARS-CoV2 postponed all elective and semi-elective surgeries. Decompression surgery or lumbar disc with minimal symptoms was delayed by 36% of the surgeons.

Read Full Research Report @ https://analyticsmarketresearch.com/reports/spinal-implants-&-devices-market/55187/

Frequently Asked Questions on this Report
How is the Spinal Implants & Devices Market segmented?
Who are the leading players in the Spinal Implants & Devices Market?
What would be the forecast period in the Spinal Implants & Devices Market?
What is the criteria used for selecting company profile?

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About US:
Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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