Spinal Implants Market Size, Sales Insights, Share, Current Trends, Growth Projection and COVID-19 Impact Analysis By 2023

Spinal Implants Market Size, Growth and Insights By Product (Spinal Fusion Devices, Non-Fusion Devices, Spinal Bone Stimulators), Procedure (Open Surgery, Minimally Invasive Surgery), Material (Titanium, Titanium-Alloy, Steel, Plastic) - Forecast To 2023

Spinal Implants Market Overview:

The Spinal Implants Market size is slated to cross the expected valuation with a 5.5% CAGR during the forecast period of 2018-2023. Market Research Future (MRFR) included studies comprising details from the spinal implants and surgery devices market to understand the impact of various factors like its cost-effective nature, the inclusion of top-class technologies, rising cases of spinal trauma, better reimbursement policies, and others.

Spinal implants are used in fixing spinal deformities which can occur in men and women after a certain age. The increasing cases of low back pain which culminate in sciatica or wear and tear lead to conditions affecting the spine. Spinal implants are devices which are used in surgeries for joining two bones with the help of a bone graft. These implants can correct the spine and correct any deformities. The global spinal implants market report by Market Research Future (MRFR) contains developments in spinal devices and efforts to be taken by market players to sustain for the period between 2017 to 2023 (forecast period).

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Instances of low back pain after a certain age is likely to culminate in the need for diagnosis of the spine. According to the National Center for Health Statistics, one in every four individuals will suffer from chronic low back pain. This can lead to investigation among patients and drive the need for implants after considerable diagnosis and bode well for the market.

The rising spinal surgery devices market can also impact the market. Growing spinal deformity market size is also an indicator of growth for the spinal implants market.

Spinal Implants Market Segmentation:

The global spinal implants market includes segments like product, procedure, and material.

By product, the market for global spinal implants includes non-fusion devices/motion preservation devices, spinal fusion devices, spinal bone stimulators, spine biologics, Vertebral Compression Fracture (VCF) treatment devices, and others. The spine fusion segment comprises interbody fusion devices, cervical fixation devices, thoracolumbar devices, and others.

The spine fusion segment encompasses cervical fixation devices, interbody fusion devices, thoracolumbar devices, and others. The thoracolumbar devices segment studies segments like pedicle screw, rods, hooks, anterior lumbar plates, wires and cables, crosslinks, lumbar plates, and others. The cervical fixation devices segment includes hook fixation systems, plates and screws, anterior cervical plates, wires, clamps, and others. The interbody fusion devices segment covers bone interbody fusion devices, non-bone interbody fusion devices, and others.

The non-fusion devices/motion preservation devices segment has nuclear disc prostheses, artificial discs, annulus repair devices, dynamic stabilization devices, and others. The dynamic stabilization devices segment includes facet replacement products, pedicle screw-based systems, interspinous process spacers, and others. The artificial discs segment comprises artificial lumbar discs, artificial cervical discs, and others.

The Vertebral Compression Fracture (VCF) treatment devices segment includes vertebroplasty devices, balloon kyphoplasty devices, and others.

The spinal bone stimulators segment includes invasive spine bone stimulators, non-invasive spine bone stimulators, and others. The non-invasive spine bone stimulators segment covers Capacitive Coupling (CC) and Combined Magnetic Field (CMF) devices, pulsed electromagnetic field devices, and others.

The spine biologics segment covers bone graft substitutes, cell-based matrix, spinal allografts, and others. The spinal allografts segment discusses the demineralized bone matrix, machined bones allograft, and others. The bone graft substitutes segment includes synthetic bone grafts, bone morphogenetic proteins, and others.

By procedure, the market includes Minimally Invasive Surgery (MIS), open surgery, and others.

By material, the market comprises titanium-alloy, plastic, stainless steel, titanium, and others.

Spinal Implants Market Regional Analysis:

The Americas would take charge of the market with the US and Canada, commanding the maximum part of it. In Europe, the market will get support from Italy, Germany, the UK, France, Russia, and others.

Spinal Implants Market Competitive Landscape:

Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Medtronic, plc (Ireland), Depuy Synthes Inc. (Johnson & Johnson) (U.S.), Alphatec Holdings, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), RTI Surgical, Inc. (U.S.), Amedica Corporation (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), LDR Holding Corporation (U.S.), Exactech Inc. (U.S.), Integra LifeSciences (U.S.), Alliance Spine (U.S.), Apollo Spine (U.S.), Quandary Medical LLC (U.S.), AESCULAP (U.S.), Back 2 Basics Spine (Canada), Accel Spine (U.S.), Premia Spine (Israel), Ascendx Spine (U.S.), A-Spine (Taiwan), Centinel Spine (U.S.), Life Spine (U.S.), SI-BONE (U.S.), Captiva Spine Inc. (U.S.), Paradigm Spine LLC (U.S.), Precision Spine (U.S.), SpineGuard (France), NLT Spine (U.S.), Spine Frontier (U.S.), Spineart Geneva SA (Switzerland), Reliance Medical Systems (U.S.), Spinal Solutions Inc. (U.S.), and others are some top spine implant companies.

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Spinal Implants Industry News:

Zavation Medical Products, a spine implants manufacturer, announced the launch of eZspand™. It is an expandable lumbar interbody fusion tool and is expected to help in spinal implants.

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NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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