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Spinal Non-Fusion Technologies Market 2023 Driving Factors Forecast Research 2029

11-10-2023 06:04 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: orion market research

Spinal Non-Fusion Technologies Market

Spinal Non-Fusion Technologies Market

Spinal non-fusion technologies market is anticipated to grow at a CAGR of 7.2% during the forecast period (2023-2030). Spinal non-fusion technologies are a group of surgical and non-surgical procedures that are designed to treat spinal disorders without fusing the vertebrae. The market growth is driven by increasing cases of spinal injuries due to preventable causes such as road traffic crashes, falls or violence is creating demand for spinal non-fusion technologies. According to the World Health Organization (WHO), in 2020, low back pain (LBP) affected 619 million people globally and it is estimated that the number of cases will increase to 843 million cases by 2050, driven largely by population expansion and aging. And, every year, between 250,000 and 500,000 people suffer spinal cord injury (SCI) globally. The most common types of spinal surgery include spinal fusion, microdiscectomy, artificial disc replacement, laminectomy, vertebroplasty, foraminotomy, and interlaminar implant.

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The global spinal non-fusion technologies market is segmented on the product, and end user. Based on the product, the market is sub-segmented into artificial disc replacement devices, partial disc (nucleus) replacement devices, dynamic stabilization devices, total facet replacement devices, annulus repair devices, nuclear arthroplasty devices, and others. Based on the end user, the market is sub-segmented into hospitals, orthopedic centers, and others. Among the end-users, the hospital sub-segment is anticipated to hold a considerable share of the market, owing to the growing demand for high-quality healthcare services. The availability of skilled orthopedic surgeons and numerous healthcare providers to ensure intensive care throughout and post the surgery is also fueling the segmental growth.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Spinal Non-Fusion Technologies Market by Product
o Artificial Disc Replacement Device (Cervical Total Disc Replacement Systems and Lumbar Total Disc Replacement Systems)
o Partial Disc (Nucleus) Replacement Device
o Dynamic Stabilization Devices
o Total Facet Replacement Devices
o Annulus Repair Device
o Nuclear Arthroplasty Devices
o Other (Interspinous Process Decompression (IPD) Devices, Interlaminar Devices, and Others)

Global Spinal Non-Fusion Technologies Market by End User
o Hospitals
o Orthopedic Centers
o Others (Clinics and Research Organizations)

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o ATEC Spine, Inc
o Centinel Spine, LLC
o Globus Medical, Inc.
o Integrity Implants Inc. d/b/a/ Accelus
o Intrinsic Therapeutics
o Invibio Ltd
o Johnson & Johnson Service, Inc.
o Nexxt Spine, LLC
o NuVasive, Inc.
o Orthofix US LLC
o Pioneer Surgical Technologies
o RTI Surgical Holdings Inc.
o SeaSpine Orthopedics Corp.
o Spinal Elements, Inc.
o Xtant Medical Holdings, Inc.

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global spinal non-fusion technologies market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404

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