Flexible Spinal Implants Market Will Generate Record Revenue by 2029

Flexible spinal implants market is expected to grow at a significant CAGR during the forecast period. The majority of spinal implants are made of metals such as titanium, titanium-alloy, or stainless steel, however, some are constructed of non-metallic materials. They are available in a variety of styles and sizes to fit patients of all ages. They aid in the stabilization and protection of the spine, as well as the shaping of the spine to ensure perfect balance.

The rising number of patients with spinal deformities, as well as the growing trend towards minimally invasive spine surgery, are two major and important aspects that are propelling the growth of the global flexible spinal implants market. As per the data published by the National Spinal Cord Injury Statistical Center, as of 2019, in the US, the annual incidence of spinal cord injury is approximately 54 cases per one million people, or nearly 17,730 new SCI cases each year. As of 2019, the estimated number of people with SCI living in the US is approximately 291,000 persons, with a range from 249,000 to 363,000 persons.

Minimally invasive techniques are evolving rapidly to perform more precise, less disruptive spine-related procedures. The benefits of minimally invasive surgery include minimal incisions, reduced blood loss and increased precision. In February 2020, Medicrea declared that it has reached over 5,000 cases with its proprietary UNiD Adaptive Spine Intelligence (ASI) technology platform and using patient-specific implants developed by the company. As per the company, in 2019 alone, the number of minimally invasive spine surgery cases performed with the UNiD ASI technology grew by 413%. The company is focusing on the advancing the spinal surgery option through Artificial Intelligence, predictive modeling and patient-specific implants with its UNiD ASI (Adaptive Spine Intelligence) proprietary software platform. This represents the emerging demand for minimally invasive spine procedures, which in turn, is contributing to the growth of the global flexible spinal implants market. A part from this, in August 2018, the Chinese Association of Orthopaedic Surgeons (CAOS) entered into partnership with the North American Spine Society (NASS) to expand PEEK-OPTIMA spinal implants developed by Invibio Ltd. across the major economies.

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Market Coverage

• The market number available for - 2022-2030

• Base year- 2022

• Forecast period- 2023-2030

Segment Covered-

By Type

By Application

Regions covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

Competitive Landscape: Medtronic plc, Zimmer Biomet Holdings Inc., and Johnson & Johnson Services, Inc., among others.

Flexible Spinal Implants Market Report by Segment

By Type

• Rods

• Hooks

• Pedicle Screws

• Plates

• Cages

By Application

• Thoracic

• Lumbar

• Cervical

• Artificial Discs

• Other

A full Report of Flexible Spinal Implants Market is Available @ https://www.omrglobal.com/industry-reports/flexible-spinal-implants-market

Flexible Spinal Implants Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

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