Comprehensive Market Analysis on Spinal Implants Market projected to reach USD 15.5 Billion by 2030 | CAGR of 5.7% | Forecast period 2023-2030, published by MarketDigits

Spinal Implants Market Scope:
Market size value in 2023 - USD 10.5 Billion
Market size value in 2030 - USD 15.5 Billion
CAGR (2023-2030) - 5.7%
Forecast Period - 2023-2030
Segments Covered - Product Type, Surgery Type, Application, End-User and Region
Geographies Covered - North America, Europe, Asia Pacific, and Row
Sample of Companies Covered - Globus Medical, Integra LifeSciences, Johnson & Johnson, NuVasive, Orthofix Medical, RTI Surgical, SeaSpine.

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Browse in-depth TOC on Spinal Implants Market
178-Tables
95-Figures
332-Pages

North America dominates the market for Spinal Implants.
North America stands out as the dominating region in the global Spinal Implants market, with the United States leading in consumption and market share. The surge in the adoption of spinal implants and devices during surgeries, coupled with a rise in procedural volumes driven by an aging population, and an increase in the occurrence of spinal disorders like spinal stenosis, is the key contributing factor to this trend. The U.S. market particularly benefits from a diverse consumer base with a penchant for quick and convenient implants options.
Asia-Pacific, and specifically India, is emerging as a key player with substantial growth potential in the Spinal Implants market. The growth of the spinal implant and devices market is further propelled by enhancements in healthcare infrastructure and escalated expenditures in emerging markets, including India and China, aimed at addressing unmet medical needs. In these countries, the advent of cost-effective devices resulting from technological advancements presents a lucrative opportunity, contributing significantly to the expansion of the spinal implants and devices market. Additionally, government initiatives promoting the scanning in health to implant and improvements in distribution channels contribute to the market's growth.

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Top Key Players Covered in the Report-
Medtronic, Aesculap, Inc, ATEC Spine, Inc, B. Braun SE, Globus Medical, Integra LifeSciences, Johnson & Johnson, NuVasive, Orthofix Medical, RTI Surgical, SeaSpine, Smith+Nephew, Stryker, ulrich medical, Zimmer Biomet and Others.

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Recent Developments
In January 2024, Orthofix Partnership with MRIguidance, the company has revealed plans to distribute its BoneMRI™ imaging software to benefit patients from completely radiation-free preoperative imaging and spinal navigation.

https://industrytoday.co.uk/market-research-industry-today/emerging-trends-and-innovations-for-the-spinal-implants-market-projected-to-reach-usd-155-billion-by-2030

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This release was published on openPR.