Interbody Fusion Cage Market to Reach US$ 2.73 Billion by 2028 | CAGR of 3.78%

According to IMARC Group's latest research report, titled "Interbody Fusion Cage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global interbody fusion cage market size reached US$ 2.16 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.73 Billion by 2028, exhibiting a growth rate (CAGR) of 3.78% during 2023-2028.

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Interbody Fusion Cage Market Outlook:

An interbody fusion cage is a prosthetic medical device that is used during spinal fusion procedures to maintain the height of the foramina and reduce spinal decompression. It is a large, hollow cylinder that encloses bone grafts, allowing spinal fusion between two vertebrae. It helps restore the height of the disc space, reduce sagittal contour changes, and increase sagittal stability. It can be filled with autologous bone material to promote arthrodesis or the fusion of joint ossification. It is manufactured of metal or absorbable materials, such as titanium, carbon fiber, or allograft femur, and can be implanted using surgical or endoscopic techniques. It offers several benefits, including supporting the anterior spine, increasing the size of bony apertures to relieve compression and discomfort of spinal nerves, and promoting solid fusion of neighboring vertebral segments by accelerating bone growth and curing spinal abnormalities.

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Interbody Fusion Cage Market Trends:

The growing need to address nerve decompression and spine reconstruction majorly drives the global market. This can be supported by the expanding geriatric population, who are more susceptible to spinal cord injuries resulting from accidents and degenerative disk conditions. Additionally, the rising popularity of minimally invasive surgeries is also contributing to the market. Along with this, the implementation of favorable government initiatives to improve healthcare infrastructure in several countries is creating a positive outlook for the market. Additionally, major market players are adopting strategies, such as mergers and acquisitions, partnerships, and collaborations to enhance their geographical presence and contribute to the demand. Some of the other factors driving the market include increasing medical expenditure and extensive research and development (R&D) activities.

Key Market Segmentation:

Competitive Landscape with Key Players:

• Alphatec Spine Inc.
• Aurora Spine Inc.
• B. Braun Melsungen AG
• Johnson & Johnson
• Medtronic Plc.
• NuVasive Inc
• Orthofix US LLC
• Precision Spine Inc.
• SpineArt SA
• Ulrich Medicals USA

Product Type Insights:

• Lumbar Cage
• Cervical Cage
• Thoraco-Lumbar Cage
• Thoracic Cage

Surgery Insights:

• Anterior
• Posterior
• Lateral
• Transforaminal

End User Insights:

• Hospitals and Clinics
• Ambulatory Surgical Center
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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