Spinal Implants and Devices Market: Growth Trends and Projections 2024-2031

Market Size
The Global Spinal Implants and Devices Market was valued at USD 12.6 billion in 2022 and is projected to reach USD 18.7 billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period from 2024 to 2031. The market has seen significant growth in recent years and is expected to continue this upward trend.

Currently, the market is undergoing a period of substantial change, driven by several trends such as minimally invasive procedures, the use of 3D printing technology, robotics and navigation systems, and a shift towards bioresorbable implants.

Moreover, factors such as the increasing prevalence of spinal disorders, a growing aging population, rising awareness and diagnosis, increasing obesity issues, and technological advancements are driving the growth of the spinal implants and devices market. Ongoing research and development leading to the introduction of novel implants and technologies have resulted in increased demand, particularly from North American regions. Key competitors actively operating in the market include Medtronic plc, DePuy Synthes, Inc., and Stryker Corporation, among others.

For More Insights Request Free Sample: https://www.datamintelligence.com/research-report/spinal-implants-and-devices-market

Spinal Implants and Devices Market Trends

The Global Spinal Implants And Devices Market is primarily propelled by an aging population. As people age, they are more susceptible to spinal disorders due to the natural degeneration of the spine. This heightened risk of spine disorders has led to an increased demand for spinal therapies, such as the use of implants and devices.

For example, a 2022 report by the World Health Organization (WHO) projected that by 2030, approximately one in every six people worldwide will be 60 years or older. During this period, the global population aged 60 and above is expected to rise from 1 billion in 2020 to 1.4 billion.

Chronic back pain is a significant driver of the global spinal implants and devices market. The global prevalence of chronic back pain is increasing due to factors such as sedentary lifestyles, an aging population, and occupational risks. This persistent and debilitating condition severely disrupts patients' daily activities and quality of life, leading them to seek effective treatment. Spinal implants and devices provide stability, decompression, and structural support to the spine, offering long-term pain relief and improved functionality.

According to a 2023 journal from StatPearls National Library of Medicine, back pain is prevalent among adults. Research indicates that up to 23% of adults worldwide suffer from chronic low back pain. This group also has a one-year recurrence rate ranging from 24% to 80%. Some estimates of lifetime prevalence in the adult population are as high as 84%.

View Full Report: https://www.datamintelligence.com/research-report/spinal-implants-and-devices-market

Market Segmentation

By Product
Spinal Fusion Devices
Spinal Biologics
Vertebral Compression Fracture Treatment Devices
Non-Fusion Devices
Spinal Bone Growth Stimulators

By Technology
Fusion And Fixation Technology
Vertebral Compression Fracture Treatment
Motion Preservation Technologies

By Surgery
Open Surgery
Minimally Invasive Surgery

By Procedure
Discectomy
Laminotomy
Foraminotomy
Facetectomy
Corpectomy

By End User
Hospitals
Ambulatory Surgery Centers

Market Key Players
Major players are Medtronic plc, DePuy Synthes, Inc., Stryker Corporation, Boston Scientific Corporation, NuVasive, Inc., Zimmer Biomet Holdings, Inc, Globus Medical, Inc, Alphatec Spine, Inc, Orthofix International N.V and LDR Holding Corporation.

Trending Reports

Spinal Fusion Devices Market - https://www.datamintelligence.com/research-report/spinal-fusion-devices-market

Dental Implants Market - https://www.datamintelligence.com/research-report/dental-implants-market

Brain Implants Market - https://www.datamintelligence.com/research-report/brain-implants-market

Cranial Implant Market - https://www.datamintelligence.com/research-report/cranial-implant-market

Contact Us:
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About DataM Intelligence:
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.