Spinal Implants Market Overview:
The global spinal implants market, as per the report published by Market Research Future (MRFR), could achieve a CAGR of 5.5% during the forecast period (2017-2023). Spinal implants are mostly used to treat any deformity or accidental rupture in the spinal cord. Other problems such as joint issues, slip disk, and increasing stiffness of the tissue supporting the spine can be partially cured by these spinal implants. The market can grow further riding on the profits it is expected to earn from the development of safer technology and cost-effective devices.
On the flip side, stringent government policies and high procedural costs can prohibit the expected growth rate during the forecast period.
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Spinal Implants Market Segmentation:
By product, the global spinal implants market has been segmented into spinal fusion devices, non-fusion devices/motion preservation devices, Vertebral Compression Fracture (VCF) treatment devices, spinal bone stimulators, spine biologics, and others.
The spinal fusion devices segment is further sub-segmented into thoracolumbar devices, cervical fixation devices, interbody fusion devices, and others.
The non-fusion devices/motion preservation devices segment has been sub-segmented into dynamic stabilization devices, artificial discs, annulus repair devices, nuclear disc prostheses, and others.
The Vertebral Compression Fracture (VCF) treatment devices segment is sub-segmented into balloon kyphoplasty devices, vertebroplasty devices, and others.
The spinal bone stimulators segment has been sub-segmented into non-invasive spine bone stimulators, invasive spine bone stimulators, and others.
The spine biologics segment is further sub-segmented into spinal allografts, bone graft substitutes, cell-based matrix, and others.
By procedure, the global spinal implants market has been segmented into open surgery, Minimally Invasive Surgery (MIS), and others.
By material, the spinal implants market has been segmented into titanium, titanium alloy, stainless steel, plastic, and others.
Spinal Implants Market Regional Analysis:
MRFR’s region-specific analysis of the global spinal implants market spans across, namely, America, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).
Americas is likely to hold its pole position towards the end of the forecast period. The factors favoring the expansion of the spinal implants market in the region are technological developments, integration of nanotechnology into pharmaceutical packaging, and advancements in the manufacturing processes.
Europe holds the second largest share of the global spinal implants market. The major drivers of market growth in the region are rising geriatric population and an upsurge in the patient pool of spinal disorders. The constant focus of the governments on research & development is expected to catapult the spinal implants market on an upward trajectory.
The factors that are responsible for catalyzing the growth of the spinal implants market in Asia Pacific are rising healthcare expenditure, the presence of a large patient pool, growing awareness about novel technologies, etc.
Spinal Implants Market Competitive Dashboard:
Some of the key players profiled in the report are
- Medtronic
- NuVasive
- Zimmer Biomet Holdings,
- Globus Medical
- Alphatec Holdings
- Orthofix International N.V.
- Depuy Synthes Inc. (Johnson & Johnson)
- Stryker Corporation
- K2M Group Holdings,
- RTI Surgical
- Integra LifeSciences
- LDR Holding Corporation
- Quandary Medical LLC
- Amedica Corporation
- Exactech
- AESCULAP
- Alliance Spine
- Ascendx Spine
- A-Spine
- Back 2 Basics Spine
- Accel Spine
- Apollo Spine
- Premia Spine
- SI-BONE
- Captiva Spine
- SpineGuard
- NLT Spine (
- Paradigm Spine
- Centinel Spine
- Life Spine
- Precision
- Reliance Medical Systems
- Spine Frontie
- Spinal Solutions Inc
- Spineart Geneva SA
Industry Developments:
In November 2018, Altus Capital Partners, a private equity firm, has acquired ChoiceSpine, a specialized spinal implants manufacturer.
In November 2018, Osseus Fusion Systems, a manufacturer of products for spine injuries, has obtained FDA 510(k) for 3D printed titanium spinal implants.
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