Spinal Implants Market Share, Size and Competitive Landscape Report 2030

 

Future of Spinal Implants Market: Key Dynamics, Size & Share Analysis

The Global Spinal Implants Market size was valued at USD 10.6 billion in 2023 and is estimated to grow at a CAGR of around 6.1% during the forecast period, i.e., 2024-30. The market expansion is attributed to several factors, such as the surge in sports injuries, increasing technological advancements, etc. The United Nations mentioned in 2023 that, globally, every year road traffic crashes cause around 20 to 50 million non-fatal injuries. Such road traffic accidents largely responsible for spinal and other injuries have propelled the demand for spinal implants. 

Top Challenges Impacting the Spinal Implants Market Growth

Lack of Adequate Physicians & Limited Awareness – In many countries worldwide, particularly the low & lower-middle-income countries, there has been a critical shortage of healthcare workers and a deficit of doctors and nurses. This also includes a shortfall of healthcare professionals having expertise in conducting spinal implant procedures. The lack of adequate physicians has resulted in less-than-ideal experiences for the patients, such as longer wait times to get appointments for surgery. This, in turn, has caused those patients to seek care elsewhere, otherwise withdrawing from surgery, and has negatively impacted the market growth.

Understanding the Core Segments in the Spinal Implants Market

Spinal Implants Market Size, Share & Industry Trends Analysis- By Product (Thoracic & Lumbar Fusion Devices, Cervical Fusion Devices, Spine Biologics, VCF Treatment Devices, Spinal Decompression Devices, Non-fusion Devices, Spine Bone Stimulators), By Application (Spinal Fusion & Fixation, VCF Treatment, Motion Preservation/Non-fusion, Spinal Decompression), By Type of Surgery (Open Surgery, Minimally Invasive Surgery), By End User (Hospitals, Specialty Clinics) and ohers.

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Geographical Analysis of the Spinal Implants Market

  • North America
  • South America
  • Europe
  • The Middle East & Rest of Africa
  • Asia-Pacific

North America holds the largest share of the Global Spinal Implants Market.

Who Dominates the Spinal Implants Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

  • Medtronic Plc
  • Johnson & Johnson Medtech
  • Nuvasive, Inc.
  • Stryker Corporation
  • Globus Medical, Inc.,
  • Zimmer Biomet Holdings, Inc.
  • Orthofix International N.V
  • Ulrich Gmbh & Co. Kg
  • B. Braun Melsungen Ag
  • Integra Lifesciences Holdings Corporation
  • Boston Scientific Corporation
  • Abbott Laboratories
  • Spineart, Centinel Spine Llc
  • Premia Spine and others.

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