Spinal Implant Market Analysis & Forecast during 2019-2028 – Latest Market Report by RationalStat

By: RationalStat LLC
WILMINGTON, Del. - June 30, 2022 - PRLog -- The report "Spinal Implant Market" evaluates the market for each product type, region, material, surgery type, and region. The comprehensive report includes trend analysis and historical market data. The report provides information on the market for spinal implants, including the competitive analysis, strategic imperatives and growth avenues. It also includes a competition assessment.

Market Overview & Dynamics

In the 2022-2028 forecast period, the market for spinal implants is expected to grow at around 5% CAGR. The market's growth is driven by increasing spinal disorders, technological advances in the products and growing demand for minimally invasive treatments.

The increased use of advanced technology within the orthopedic industry has also led to the development of innovative products for the spine segment, which has helped boost the global market for spinal implants.
  • Due to its high prevalence of spinal disorders and the adoption of minimally invasive treatments, North America will dominate the global market for spinal implants. Each year, the US sees around 17,500 cases of spinal cord injury (SCI).

    Competition Analysis: Medtronic PLC held the prominent market share in 2021

    The global spinal implant market is characterized by the presence of a significant number of manufacturers. Leading industry players are making significant investments to gain a competitive edge over other players and as well as increase market share in the market space. Key developments observed in recent years include
    • In October 2021, the US FDA has granted Breakthrough Device Designation to the VCFix spinal system developed by the Amber Implants.

    RationalStat has segmented the global spinal implant market on the basis of product type, application, material, surgery type, and region
    • By Product Type

    o   Spinal Fusion Implants

    §  Plates

    §  Cages

    §  Rods

    §  Screws

    §  Intervertebral Body Fusion Device (IBFD)

    o   Spinal Non-fusion Implants

    §  Dynamic Stabilization Devices

    §  Artificial Discs
    • Cervical
    • Lumbar

    §  Annulus Repair Devices

    §  Others (Nuclear Disc Prostheses etc.)
    • By Application

    o   Cervical

    o   Thoracic

    o   Lumbar
    • By Material

    o   Stainless Steel

    o   Titanium

    o   Polyetheretherketone (PEEK)

    o   Others (Cobalt Chrome)
    • By Surgery Type

    o   Open Spine Surgery

    o   Minimally Invasive Spine Surgery
    • By Region
      • North America
        • US
        • Canada
      • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
      • Western Europe
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Benelux
        • Nordic
        • Rest of Western Europe
      • Eastern Europe
        • Russia
        • Poland
        • Rest of Eastern Europe
      • Asia Pacific
        • China
        • Japan
        • India
        • South Korea
        • Australia
        • ASEAN (Indonesia, Vietnam, Malaysia, etc.)
        • Rest of Asia Pacific
      • Middle East & Africa
        • GCC
        • South Africa
        • Turkey
        • Rest of the Middle East & Africa

    For more information about this report visit https://store.rationalstat.com/store/global-spinal-implants-market-trends-analysis-and-forecast/

    About RationalStat LLC
    RationalStat is a US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies.

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