Interbody Spine Implants Market Will Reach USD 2,471.8 Million By 2030 | P&S Intelligence

The global interbody spine implants market is experiencing growth and is projected to reach USD 2,471.8 million by 2030. This growth can be credited to the improvements in spine operation technologies, the surge in the requirement for spinal fusion devices because of the rise in the incidence of spinal syndromes, the fast acceptance of minimally invasive spine operations, and the surge in the introduction of progressive bone-grafting items.

The count of patients going through spine syndromes increasing throughout the world. To cure these disorders, doctors require progressive implants and tech. Some of the key syndromes cured utilizing spine implants comprise scoliosis, degenerative disc disease, kyphosis, spondylolisthesis, and fracture.

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As per the study by the National Library of Medicine, more than 266 million people are identified with lumbar degenerative spine disease (DSD) annually. This enormous populace with spine syndromes intensifies the demand for interbody spine implants.

In recent years, the sales of lumbar surgery items generated the majority of revenue share, of more than 60.0%. This is credited to the high populace suffering from back pain, which can be opened and stabilized by doctors via improved technologies and lumbar operation instruments. Furthermore, the U.S. is the largest industry for lumbar operation implants, because of the highly advanced healthcare infrastructure and the augmented acceptance of minimally invasive operations in the nation.

In the coming few years, the metal-based category is projected to lead the interbody spine implants market, with more than 45% revenue share, and the category is projected to experience the highest CAGR during the projection period. This can be mainly because metal-based implants are extensively utilized in spine operations, because of their different features, like robustness, durability, and flexibility, which make them more common than others in the industry.

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Furthermore, such implants contain metals like titanium, tantalum, and stainless steel. As per the American Academy of Orthopedic Surgeons, the majority of spinal implants are manufactured from a mixture of pure stainless steel, titanium, and titanium alloys.

During the projection period, the APAC industry is estimated to witness the fastest development, growing at a CAGR of more than 3.0%. South Korea, Japan, India, and China are the key revenue generators of the regional industry. This is credited to the existence of a significantly large patient populace pool, growth in knowledge regarding spinal syndromes and treatment choices, enhancements in healthcare infrastructure, and a rise in healthcare spending in the region.

Additionally, the increasing aging populace with a high danger of spinal syndromes and the growing acceptance of numerous spine surgical procedures are also projected to boost the demand for interbody spine implants in APAC.

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Interbody Spine Implants Market Size Breakdown by Segment

By Product Type
• Lumbar
• Cervical
By Material
• Metal
• PEEK
• Others
By End User
• Hospitals
• Specialty Orthopedic & Spine Centers
• ASCs
Regional Analysis
• North America Interbody Spine Implants Market
o By product type
o By material
o By end user
o By country - U.S. and Canada
• Europe Interbody Spine Implants Market
o By product type
o By material
o By end user
o By country - Germany, France, U.K., Italy, Spain, and Rest of Europe
• Asia-Pacific (APAC) Interbody Spine Implants Market
o By product type
o By material
o By end user
o By country - China, India, Japan, Australia, South Korea, and Rest of APAC
• Latin America (LATAM) Interbody Spine Implants Market
o By product type
o By material
o By end user
o By country - Brazil, Mexico, and Rest of LATAM
• Middle East and Africa (MEA) Interbody Spine Implants Market
o By product type
o By material
o By end user
o By country - Saudi Arabia, South Africa, and Rest of MEA

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This release was published on openPR.