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Spinal Implants & Surgery Devices Market worth $38.92 billion by 2030, growing at a CAGR of 6.19% - Exclusive Report by 360iResearch
Spinal Implants & Surgery Devices Market | 360iResearch
The Global Spinal Implants & Surgery Devices Market to grow from USD 25.56 billion in 2023 to USD 38.92 billion by 2030, at a CAGR of 6.19%.
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The spinal implants & surgery devices are used in the treatment of spinal disorders, injuries, deformities, and degenerative conditions. The scope of this market entails products such as spinal fusion devices, non-fusion devices/motion preservation devices, vertebral compression fracture (VCF) treatment devices, spinal bone stimulators, spine biologics, and minimally invasive surgical (MIS) systems. The higher prevalence of degenerative disc diseases and spine-related ailments with increasing incidences of spinal injuries due to accidents or sports activities is expanding the usage of spinal implants & surgery devices. Growing awareness about the availability and benefits associated with minimally invasive surgeries is driving the growth of the spinal implants & surgery devices market. However, high initial capital investments required for setting up manufacturing facilities and a lack of skilled surgeons with specialization in advanced spine surgeries hamper market growth. Continuous innovations in the development of technologically advanced spinal impacts & surgery devices that promote enhanced fusion rates while reducing long-term complications are expected to create opportunities for market growth.
The Americas represents a highly developing landscape for the spinal implants & surgery devices market due to the increasing prevalence of degenerative spinal conditions and growing preference for minimally invasive surgeries. According to a recent study, approximately 900,000 American and 30,000 Canadian adults went under spine surgery annually. Additionally, rising advancements in technology for the development of innovative spinal implants & surgery devices are constantly creating opportunities for market growth in the Americas. The EMEA region has witnessed substantial growth in the spinal implants & surgery devices market driven by various EU countries' initiatives to support technological advancements in medical devices with constant government support. In the Middle East, countries, including the UAE, are focusing on medical tourism initiatives that attract patients seeking advanced spine treatments unavailable in their home countries, thereby fueling the market growth. Increased healthcare expenditures with a well-established healthcare system and advanced technologies are expanding the manufacturing of medical devices, including spinal implants & surgery devices, in Asia-Pacific. Further, the surge in spinal surgeries due to an increase in degenerative spine disorders attributed to a sedentary lifestyle is expanding the usage of spinal implants & surgery devices in Asia-Pacific.
Market Segmentation & Coverage:
This research report categorizes the Spinal Implants & Surgery Devices Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product Type, market is studied across Cervical Fusion Devices, Non-Fusion Devices, Posterior Cervical Fusion Devices, Spinal Decompression Devices, Spine Biologics, Spine Bone Stimulators, and Thoracic Fusion & Lumbar Fusion Devices. The Spine Bone Stimulators is projected to witness significant market share during forecast period.
Based on Type of Surgery, market is studied across Minimally Invasive Surgeries and Open Surgeries. The Minimally Invasive Surgeries is projected to witness significant market share during forecast period.
Based on End-User, market is studied across Ambulatory Surgery Centers and Hospitals. The Ambulatory Surgery Centers is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.73% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Spinal Implants & Surgery Devices Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Spinal Implants & Surgery Devices Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Spinal Implants & Surgery Devices Market, highlighting leading vendors and their innovative profiles. These include Accelus, Advin Health Care, Augmedics, B. Braun SE, Bioventus LLC, Boston Scientific Corporation, Camber Spine Technologies, LLC, Globus Medical, Inc., GPC Medical Ltd., GWS Surgicals LLP, Jayon Implants Private Limited, Johnson & Johnson Services, Inc., Kleiner Device Labs, Kuros Biosciences A.G., Medtronic PLC, NuVasive, Inc., Orthofix Medical Inc., SeaSpine Orthopedics Corporation, SI-BONE, Inc., Spineart SA, Stryker Corporation, Synapse Biomedical Inc., Vishal Surgitech Pvt. Ltd., Xtant Medical Corporate, and ZimVie Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Spinal Implants & Surgery Devices Market, by Product Type
7. Spinal Implants & Surgery Devices Market, by Type of Surgery
8. Spinal Implants & Surgery Devices Market, by End-User
9. Americas Spinal Implants & Surgery Devices Market
10. Asia-Pacific Spinal Implants & Surgery Devices Market
11. Europe, Middle East & Africa Spinal Implants & Surgery Devices Market
12. Competitive Landscape
13. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Spinal Implants & Surgery Devices Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Spinal Implants & Surgery Devices Market?
3. What is the competitive strategic window for opportunities in the Spinal Implants & Surgery Devices Market?
4. What are the technology trends and regulatory frameworks in the Spinal Implants & Surgery Devices Market?
5. What is the market share of the leading vendors in the Spinal Implants & Surgery Devices Market?
6. What modes and strategic moves are considered suitable for entering the Spinal Implants & Surgery Devices Market?
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