Spinal Implants Market to reach $17.4 billion in 2026
" COVID-19 impact on Spinal Implants market, size, share, growth, industry analysis and forecast 2020-2026 "
Spinal implants are devices used by professionals to treat the spines which reconstruct or repair the spine. These implants give patients relive from spine disorders.
The market of surgical implants is significantly driven by some of the advanced technology in spine surgery, which also includes the increasing prevalence of spinal disorders as well as the introducti0n of advanced products, and the increasing adoption of minimum invading spine surgeries. But also the dearth of surgeons and the less knowledge in this field are factors restraining the market. Globally, the spinal implants and surgical devices market is projected to reach $17.4 billion by 2026 at a CAGR of 5.9%.
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The market report titled “Spinal Implants Market By Product Type, Technology, Type of Surgery, and Geography – Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2026” provides key insights in this market by tapping major competitors and various innovations to tackle the upcoming challenges in the health domain.
On the basis of the type of the product, the Spinal Implants market witness that the lumbar fusion & thoracic fusion devices segment accounts for the largest market shares. On the basis of the type of surgery, the market of spinal implants and surgical devices has been segmented into minimally invasive surgeries and open surgeries. The open surgeries segment currently holds the largest share of the market. The reason behind this is that there have been rising preferences for open surgeries among medical professionals, increasing incidence of the deformities related to spinal injuries, and various technological advancements happening in spinal fusion surgeries.
The Asia Pacific region is leading in the spinal implants market as it is observed the developing healthcare infrastructure, cost-effective surgeries, and favorable reimbursement policies are the reasons for the market growth in this region.
The report provides an in-depth analysis of the major players like Medtronic, DePuy Synthes, NuVasive, Inc., Stryker Corporation, Orthofix International N.V., RTI Surgical, Inc., Boston Scientific, SeaSpine Holdings Corporation, Ulrich GmbH & Co. KG, Globus Medical, Inc., B. Braun Melsungen AG, Abbott Laboratories, Zimmer Biomet Holdings, Inc.,
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The report consists of Tables and charts depicting the in-depth market study and the impact analysis of COVID-19 by Vendor’s name.
The market segmentation coverage has been given below as:
- Spinal Fusion Devices
- Thoracolumbar Devices
- Spinal Fusion Plates
- Pedicle Screws & Rods
- Interbody Cages
- Others (Hooks, Crosslinks, Wires & Cables)
- Cervical Fixation Devices
- Posterior Cervical Fixation
- Anterior Cervical Fixation
- Interbody Fusion Devices
- Thoracolumbar Devices
- Spinal Non-Fusion Devices
- Dynamic Stabilization Devices
- Artificial Discs
- Artificial Cervical Discs
- Artificial Lumbar Discs
- Others (Annulus Repair Devices, Nuclear Disc Prostheses)
- Vertebral Compression Fracture (VCF) Treatment Devices
- Balloon Kyphoplasty Devices
- Vertebroplasty Devices
- Spinal Biologics
- Bone Graft
- Bone Graft Substitutes
- Synthetic Bone Grafts
- Demineralized Bone Matrix (DBM)
- Bone Morphogenetic Proteins (BMP)
- Others (Platelet Rich Plasma (PRP), Bone Marrow Aspirate (BMAC))
On the basis of technology
- Spinal Fusion and Fixation Technologies
- Vertebral Compression Fracture Treatment
- Motion Preservation Technologies
By Type of Surgery, this market is bifurcated into two categories:
- Open Surgeries
- Minimally Invasive Surgeries
On the basis of the region
- North America
- Asia Pacific