Press release
Intervertebral Implants Market: Current Landscape and Future Prospects
Intervertebral Implants Market
Get a Sample Research PDF: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85239&utm_source=OpenPR_Ajay&utm_medium=OpenPR
Key Drivers of Market Growth
High Prevalence of Spinal Diseases: A significant factor propelling market growth is the rising incidence of spinal disorders such as degenerative disc disease, spinal stenosis, and scoliosis. With over 266 million individuals diagnosed annually with degenerative spine disease and low back pain, the demand for effective spinal treatments, including intervertebral implants, is surging.
Aging Population: The global increase in the geriatric population is another major contributor. According to the U.S. Census Bureau, the number of people over 65 years old is expected to represent more than 16.7% of the total population by 2050. This demographic is particularly susceptible to spine-related issues, thereby boosting the need for spinal implants.
Market Segmentation
The intervertebral implants market is segmented based on type, material, end-user, and region.
By Type:
Lumbar Implants: Dominating the market with a 50% share in 2021, driven by the high incidence of lumbar degenerative disc diseases.
Cervical Implants: Significant due to the rise in cervical spine issues.
Others: Including thoracic implants, though with a smaller market share.
By Material:
Titanium: Anticipated to grow rapidly, favored for its strength and compatibility with the human body.
Others: Including cobalt-chromium alloys used in specific implant applications.
By End-User:
Hospitals: Largest segment, benefiting from the extensive availability of advanced surgical facilities.
Clinics and Orthopedic Centers: Expected to grow at a high CAGR, driven by the increasing preference for minimally invasive procedures and specialized orthopedic care.
Regional Insights
North America: Leading the market with a 38% share in 2021. Factors such as a high prevalence of spinal diseases, advanced healthcare infrastructure, and significant R&D investments contribute to this dominance.
Asia Pacific: Projected to grow at a CAGR of 6.5% during the forecast period. The region's large patient population, improving healthcare facilities, and rising awareness about spinal treatments are key growth drivers.
Competitive Landscape
The intervertebral implants market is characterized by a high degree of consolidation, with key players focusing on expanding their product portfolios through R&D, mergers, acquisitions, and strategic partnerships. Prominent companies in the market include:
Alphatec Spine, Inc.
B. Braun Melsungen AG
Companion Spine LLC
DePuy Synthes (Johnson & Johnson)
Globus Medical, Inc.
LASAK s.r.o.
NuVasive, Inc.
Spineology Inc.
Stryker Corporation
Xtant Medical
Recent Developments
Ulrich Medical USA received FDA clearance for its Flux-C 3D-printed porous titanium cervical interbody device in November 2022.
Stryker Corporation launched the Monterey AL interbody system, designed for anterior lumbar interbody fusion, in October 2022.
Axis Spine Technologies raised $3 million in a funding round led by ACF Investors in February 2021.
Medtronic plc launched the Adaptix Interbody System with Titan nanoLOCK surface technology in October 2020.
Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=85239
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
Follow Us: LinkedIn| Twitter| Blog | YouTube
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Intervertebral Implants Market: Current Landscape and Future Prospects here
News-ID: 3527530 • Views: …
More Releases from Transparency Market Research
Thermal Cycler Market to Reach Over USD 1.7 Billion by 2034, Driven by R&D Inves …
The global thermal cycler market, a cornerstone of molecular biology and DNA amplification technologies, continues to witness steady expansion. According to recent industry analysis, the market was valued at US$ 1.1 billion in 2023 and is poised to grow at a CAGR of 5.1% from 2024 to 2034, surpassing US$ 1.7 billion by 2034. This growth is attributed to a surge in life sciences research, rising genomics applications, expanding diagnostic…
Thermal Fluids for Industrial Heaters Market to Reach USD 2.3 Bn by 2034, Driven …
The global Thermal Fluids for Industrial Heaters Market is entering a new era of sustained expansion, propelled by strong demand across food processing, oil & gas, pharmaceuticals, and high-temperature industrial operations. According to the latest industry assessment, the market was valued at US$ 1.3 billion in 2023 and is projected to reach US$ 2.3 billion by 2034, advancing at a CAGR of 5.2% from 2024 to 2034.
Backed by rising industrial…
Thermal Fogging Machine Market to Reach USD 5.3 Billion by 2034, Driven by Surgi …
The global Thermal Fogging Machine Market is entering a period of sustained expansion, driven by heightened public health awareness, rapid advancements in agricultural protection technologies, and the rising need for efficient disinfection practices across commercial and residential environments. According to recent industry evaluations, the market was valued at US$ 2.8 billion in 2023 and is projected to reach US$ 5.3 billion by the end of 2034, expanding at a 6.0%…
Thermoformed Shallow Trays Market to Surpass USD 8.85 Bn by 2034, Driven by Sust …
The global thermoformed shallow trays market is entering a phase of sustained expansion, supported by the rapid rise of packaged food consumption, e-commerce growth, and technological advances in medical and pharmaceutical packaging. According to the latest industry assessment, the global market, valued at US$ 5,676.3 million in 2023, is projected to rise to US$ 5,891.5 million in 2024, and further exceed US$ 8,856.7 million by 2034, expanding at a CAGR…
More Releases for Implants
Aesthetic Implants Market Aesthetic Implants Market
Aesthetic implants are used to improve and rectify the visual deformities of an individual caused due to congenital disorders, trauma or accidents. In addition to cosmetic purpose, these implants are also user for reconstructive processes to enhance aesthetics of patients. Breast augmentation and dental implantations are the most common examples of procedures that incorporate the use of these implants.
Click to GET PDF Copy at https://www.theinsightpartners.com/sample/TIPRE00008190/?utm_source=openpr&utm_medium=10641
The List of Companies-
• …
Dental Implants Market Analysis By Type(Endosteal Implants, Subperiosteal Implan …
In 2021, the market for Dental Implants worldwide was worth $ 3.60 billion US dollars. AMR Group projects that the market will reach US$ 8.50 billion by 2031, growing at a CAGR of 6.5 percent between 2022 and 2031.
Industry Overview
Dental Implants are the artificially made teeth roots that are operated and placed at the missing tooth's. Normally, the implants are operated and placed below the gums in the jawbone with…
Spinal Implants Market by Product (Fusion Spinal Implants and Non-Fusion Spinal …
The spinal implants are inserted in patients with serious back and neck pain. These implants are used to correct deformities, facilitate fusion and alleviate & strengthen the spine. The major conditions that require spinal surgery includes chronic degenerative disc disease, slippage of the spine (Spondylolisthesis), traumatic fracture and other forms of spinal instability including scoliosis.
Download Sample PDF at https://www.theinsightpartners.com/sample/TIPHE100000993/?utm_source=OpenPR&utm_medium=10379
Key Players Analysis:
The report also includes the profiles of key…
Micro-Invasive Glaucoma Implants Micro-Invasive Glaucoma Implants
Global Micro-Invasive Glaucoma Implants Market Definition: Micro-invasive glaucoma implants is performed for the treatment of the open- angle glaucoma and is done through an ab- interno approach. It is very safe and provides faster recovery as compared to the traditional methods. They usually lower the intraocular by increasing the flow or reducing the production of the aqueous humor. Increasing cases of the glaucoma worldwide is the major factor fueling the…
Dental Implants Market Outlook 2019: DENTSPLY Implants, Straumann AG, Bicon Dent …
Dental implants are implants in the jaw, placed below the gum line, providing a base for planting artificial teeth or bridge. Dental implants market has witnessed drastic rise in the last few years. A number of socioeconomic and technological factors have contributed to overall growth of the industry. This is primarily attributed to aging baby boomers population with high spending power. Lately, the industry is witnessing change in market dynamics…
Dental Implants Market Growth 2016-2024 | Key Players DENTSPLY Implants, Strauma …
The Dental Implants Market is expected to have a highly positive outlook for the next five years 2016-2024 according to a recently released Dental Implants Market research report. The report has been added in his large database by Coherent Market Insights. This report is a guide which covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development,…
