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Spinal Fusion Devices Market Size is Anticipated to Increase During the Study Period to 2030

07-29-2024 08:00 AM CET | Health & Medicine

Press release from: Premium Market Insights

Spinal Fusion Devices Market Forecast (2022-2030), Global And Regional Share, Trends, And Growth Opportunity Analysis - By Product Type (Thoracolumbar Devices, Cervical Fixation Devices, And Interbody Fusion Devices); Surgery Type (Open Spine Surgery And Minimally Invasive Spine Surgery); Disease Indications (Degenerative Disc, Trauma And Fractures, Complex Deformity, And Others); End User (Hospitals, Specialty Clinics, And Others), And Geography (North America, Europe, Asia Pacific, Middle East & Africa, And South & Central America) The spinal fusion devices market size is expected to reach US$ 12,993.25 million by 2030 from US$ 8,276.31 million in 2022; it is estimated to record a CAGR of 5.8% from 2022 to 2030.

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Competitive Landscape: Spinal Fusion Devices Market:
In recent years, there has been a rise in spinal fusion procedures worldwide due to growing innovations in surgical approaches. Technological developments have offered a wide variety of interbody devices. The newly introduced spinal fusion devices are now used as alternatives in bone grafting materials, increasing the number of spine fusion procedures. The advancements in spinal fusion techniques have allowed the utility of pedicle screws for posterior instrumentation, which has leveraged market growth. Similarly, the introduction of spinal fusion methods, with interbody fusion with stand-alone cages and with anterior, lateral, or posterior approaches, designed for different surgical indications and surgeon preferences, and patient conditions have significantly increased the number of spinal fusion procedures.Over time, the indications for spinal fusion have broadened, leading to increasing spinal fusion procedures. As per a study published in Clinical Orthopaedics and Related Research (CORR) by the Association of Bone and Joint Surgeons published in Wolters Kluwer in February 2023, stated that the demand for posterior spinal fusion procedures will grow by 80% by 2060. The study also stated that the demand would be seen in patients aged 75 years and above. The projections stated that by 2060, 38,974 posterior spinal fusion procedures would be performed in patients 75 years and above, compared to 14,657 in 2019. The increase in the procedures will be seen due to age-related loss of muscle mass. Thus, considering the projection for spinal fusion procedures, the market is likely to accelerate significantly during the forecast period and will have substantial market growth beyond the forecast period.- CAE Inc

DePuy Synthes Inc.
Stryker Corp
Braun SE
ATEC Spine Inc.
Globus Medical Inc.
NuVasive Inc.
ZimVie Inc.
Medtronic Plc
Centinel Spine LLC

Orthofix Medical Inc. Chapter Details of Spinal Fusion Devices Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Spinal Fusion Devices Market Landscape
Part 04: Spinal Fusion Devices Market Sizing
Part 05: Spinal Fusion Devices Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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