Vancouver, British Columbia, Jan. 12, 2021 (GLOBE NEWSWIRE) — The global spinal implants and surgery devices market is estimated to be worth USD 14.70 Billion by 2027, according to a current analysis by Emergen Research. The spinal implants and surgical devices market is observing high demand attributed to the rapidly escalating geriatric population. It has been estimated that by 2050, approximately 16.0% of the global population will be aged more than 65 years, which is expected to increase five-fold since 1950. Aging, among other factors, is responsible for facet joints deterioration causing many spinal disorders. Thus, the rising occurrences of spine problems in the rising elderly population is estimated to augment the growth of the spinal implants and surgical devices market in the projected period.
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Key Highlights From The Report
- In August 2019, NuVasive, Inc., a prominent spine technology innovation company, announced the commercial release of a spinal implant made from titatinium, Modulus® TLIF-A, for use in the transforaminal lumbar interbody fusion procedure.
- Ambulatory surgical centers provide enhanced control to surgeons in spine biologics practices than other end-users such as hospitals by permitting to create a specialist team and benefit from the ground-breaking devices to achieve the optimal treatment outcomes.
- The benefit of anterior cervical fusion and decompression procedure is the eradication of unnecessary motion and offering spinal stability by eliminating damaged discs and substituting with new bones that naturally grafts with each other.
- The spinal implants and surgery devices market in the Asia Pacific region is estimated to exhibit the fastest CAGR in the period 2020-2027. Surging developments in healthcare facilities, the presence of an enormous patient pool, and increasing healthcare expenses in developing nations such as India and China to cater to unmet medical needs are driving the spinal implant and surgery devices market growth.
- Key participants include Stryker Corporation, RTI Surgical Inc., Nuvasive Inc., Zimmer Biomet Holdings Inc., Boston Scientific, Depuy Synthes, B. Braun Melsungen, Abbott Laboratories, Orthofix International NV, and Medtronic PLC, among others.
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Emergen Research has segmented the global spinal implants and surgery devices market on the basis of product type, technology, surgery type, end-user, and region:
- Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Thoracic Fusion & Lumbar Fusion Devices
- Posterior
- Interbody
- Cervical Fusion Devices
- Anterior
- Posterior
- Spine Biologics
- Vertebral Compression Fracture Treatment Devices
- Spinal Decompression Devices
- Spine Bone Stimulators
- Invasive
- Non-Invasive
- Non-Fusion Devices
- Dynamic Stabilization Devices
- Artificial Discs
- Annulus Repair Devices
- Nuclear Disc Prostheses
- Thoracic Fusion & Lumbar Fusion Devices
- Technology Outlook (Revenue, USD Billion; 2017-2027)
- Spinal Fusion & Fixation
- Vertebral Compression Fracture Treatment
- Spinal Decompression
- Motion Preservation
- Surgery Type Outlook (Revenue, USD Billion; 2017-2027)
- Open Surgery
- Minimally Invasive Surgery
- End-User Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
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- Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- MEA
- Saudi Arabia
- U.A.E.
- Rest of MEA
- North America
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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