Spinal Implants Market size to grow by USD 3.57 billion from 2023-2028, North America to account for 43% of market growth - Technavio

NEW YORK, Dec. 1, 2023 /PRNewswire/ -- The spinal implants market size is expected to grow by USD 3.57 billion from 2023 to 2028. In addition, the momentum of the market will progress at a CAGR of 5.59% during the forecast period, according to Technavio Research. The market is categorized by End-user (Hospitals, Ambulatory surgical centers, and Specialty clinics), Product (Spinal fusion implants and Non-fusion spinal implants), and Geography (North America, Europe, Asia, and Rest of World (ROW)). 

North America will contribute 43% to the growth of the global market during the forecast period. Spine-related disorders, including degenerative disc disease, herniated discs, spinal stenosis, and scoliosis are becoming more common as the population ages, driving demand for spinal implant procedures. The region is home to some of the world's most advanced and well-funded healthcare systems. Additionally, the region also has a highly skilled workforce of orthopedic surgeons, neurosurgeons, and spine specialists as well as expertise in complex spinal surgeries and the latest implant technologies. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read a FREE PDF Sample Report

Company Profile:

B.Braun SE, Globus Medical Inc., icotec AG, Implanet SA, Inion Oy, Innovasis Inc., JAYON IMPLANTS Pvt. Ltd., Johnson and Johnson, Medacta International SA, Medtronic Plc, MicroPort Scientific Corp., Orthofix Medical Inc., OrthoPediatrics Corp., Precision Spine Inc., RTI Surgical Inc., Stryker Corp., ulrich GmbH and Co. KG, Xtant Medical Holdings Inc., ZAVATION, Zimmer Biomet Holdings Inc.

B.Braun SE: The company offers spinal implants such as S4 spinal system, and lumbar fusion implants.

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Spinal Implants Market: Segmentation Analysis

The hospital segment will be significant during the forecast period. This segment employs spinal implants, including interspinous process devices, in surgeries to address spinal stenosis. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report

"Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021"- Technavio

Spinal Implants Market: Driver & Trend:

Driver

• Rising prevalence of spinal disorders
• Favorable reimbursement scenario
• Growing focus on developing custom implants

Expertise is of major essence in developing anatomically challenging 3D printing of implants. The 3D approach is made a globally acknowledged method for repairing spine defects as a result of the advancements in medical imaging and instrumentation.

Rising minimally invasive procedures are emerging trends in the market during the forecast period.

Strategic alliances among market vendors are a key trend in the spinal implants market. Identify key trends, drivers, and challenges in the market. Download a sample report to gain access to this information.

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The nasal implants market size is expected to increase to USD 312.05 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.26%.

The ocular implants market size is expected to increase by USD 1.82 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.26%.

What are the key data covered in this spinal implants market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the spinal implants market between 2023 and 2028.
• Precise estimation of the spinal implants market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the spinal implants market across North America, Europe, Asia, and ROW
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of spinal implants market vendors.

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Product

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio