Spinal Implants and Surgical Devices Market is Set to Boom Worldwide with a USD 17.22 Billion at a CAGR of 6.1% During the Forecast Period 2029

Spinal Implants and Surgical Devices Market analysis report covers detailed value chain analysis of the market. The value chain analysis helps to analyze major upstream raw materials, major equipment's, manufacturing process, and downstream customer analysis and major distributor analysis are mentioned in the report along with all the drivers and restraints for the market. It presents a comparative detailed analysis of all regional and player segments, offering readers a better knowledge of the areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the market.

According to the National SCI Statistical Center 2018, the annual incidence of spinal cord injury (SCI) in the United States is approximately 54 cases per one million people, or approximately 17,700 new SCI cases each year. Degenerative disc disease, spondylolisthesis, kyphosis, scoliosis, and fractures are some of the diseases that can be treated with spinal implants.

Data Bridge Market Research analyses that the spinal implants and surgical devices market was valued at USD 10.72 billion in 2021 and is further estimated to reach USD 17.22 billion by 2029, and is expected to grow at a CAGR of 6.1% during the forecast period of 2022 to 2029.

Spinal implants and surgical devices are the types of devices used by surgeons during surgery to treat deformities, stabilise and strengthen the spine, and facilitate spinal fusion. Degenerative disc disease, spondylolisthesis, kyphosis, scoliosis, and fractures are some of the diseases that can be treated with spinal implants.

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Spinal Implants and Surgical Devices Market Dynamics

Drivers

Developments in spine surgery technologies

Various technological developments, such as the development of advanced bone grafting products and the use of materials that are more durable than metal, are promoting market growth.

Rise in the prevalence of spinal diseases

There is an increase in the prevalence of degenerative spinal diseases in the world's population. According to the World Health Organization, approximately 413 million people worldwide suffer from degenerative spine disease is expected to fuel the growth of the global spine implants and surgery devices market.

Increase in the geriatric population

Rising spondylosis incidences in the geriatric population are expected to boost demand for spinal implants and surgical devices in the industry.

Opportunities

In addition, the growing number of hospitals and surgical centers is further estimated to provide potential opportunities for the growth of the spinal implants and surgical devices market in the coming years.

Global Spinal Implants and Surgical Devices Market Scope and Market Size

The spinal implants and surgical devices market is segmented on the basis of type, technology and product. The growth amongst these segments will help you analyze meager 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.

Type

Open Surgery

Minimally Invasive Surgery

Technology

Fusion and Fixation Technology

Vertebral Compression Fracture Treatment

Motion Preservation Technologies

Spinal Decompression

Product

Spinal Fusion Devices

Spinal Biologics

Vertebral Compression Fracture Treatment Devices

Non-fusion Devices

Spinal Bone Growth Stimulators

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Spinal Implants and Surgical Devices Market Regional Analysis/Insights

The spinal implants and surgical devices market is analysed and market size insights and trends are provided by country, type, technology and product as referenced above.

The countries covered in the spinal implants and surgical devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, 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), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the spinal implants and surgical devices market due to the sturdy occurrence of well-es-tablished healthcare infrastructure. Furthermore, the increase in the government funding to support research and development for spine treatment will further boost the growth of the spinal implants and surgical devices market in the region during the forecast period.

Asia-Pacific is projected to observe significant amount of growth in the spinal implants and surgical devices market due to the advancing healthcare infrastructure. Moreover, the rise in the geriatric population occurrence of huge patient population is further anticipated to propel the growth spinal implants and surgical devices market in the region in the coming years.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Spinal Implants and Surgical Devices Market Share Analysis

The spinal implants and surgical devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to spinal implants and surgical devices market.

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

Medtronic (US)

Stryker Corporation (US)

Zimmer Biomet (US)

Globus Medical (US)

Exactech, Inc (US)

Orthofix Medical Inc (US)

ATEC Spine, Inc. (US

Integra LifeSciences (US)

NORMAN NOBLE, INC (US)

XTANT MEDICAL (US)

Spine Wave, Inc (US)

Captiva Spine, Inc(US)

Wenzel Spine. (US)

Jayon Implants. (India)

Tecomet, Inc (US)

SINTX Technologies, Inc (US)

Abbott (US), Meditech Spine, LLC (US)

Boston Scientific Corporation (US)

GPC Medical Ltd. (India)

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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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