Global Spinal Implants and Surgical Devices Market Trends, Analysis, Growth, and Forecast: 2018 to 2027

Global Spinal Implants and Surgical Devices Market Overview:

“The global Spinal Implants and Surgical Devices Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global spinal implants and surgical devices market report has been segmented on the basis of technology, product, type, and region.

Spinal implant is the device that facilitates fusion, improves stability of spine, strengthen the spine, and correct any deformities. Furthermore, spinal implant is used to treat various disorders which includes scoliosis, spondylolisthesis, kyphosis, and fracture. Spinal cord stimulator provides several benefits as it does not require major surgery to implant whereas manages pain on long term basis and has fewer side effects. It also improves the ability to function and participate in daily activities.

Rapidly growing ageing population and increasing number of cases of spinal disorders is a major factor expected to boost the growth of global spinal implants and surgical devices market over the forecast period. Continuous innovation in spinal surgery technologies is other factor expected to propel the market growth over the forecast period. Increasing demand for minimally invasive surgical procedures is expected to contribute to the market growth over the forecast period.

However, lack of skilled personnel and unfavorable reimbursement scenario is a major factor expected to restraint the growth of the global spinal implants and surgical devices market over the forecast period.

North America market dominates the global spinal implants and surgical devices market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to presence of well-developed healthcare infrastructure and rising government funding to support research and development for spine treatment in the region.

Europe accounts for second-largest revenue share contribution to the global spinal implants and surgical devices market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years, owing to the developing healthcare infrastructure, rapidly growing ageing population, presence of a large patient population, and increasing investments by key players in the region.

Global Spinal Implants and Surgical Devices Market Segmentation:

Global spinal implants and surgical devices market segmentation, by technology:

• Fusion and Fixation Technology
• Vertebral Compression Fracture Treatment
• Motion Preservation Technologies
• Spinal Decompression

Global spinal implants and surgical devices market segmentation, by product:

• Spinal Fusion Devices
• Spinal Biologics
• Vertebral Compression Fracture Treatment Devices
• Non-fusion Devices
• Spinal Bone Growth Stimulators

 Global spinal implants and surgical devices market segmentation, by type:

• Open surgery
• Minimally invasive surgery

Global spinal implants and surgical devices market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa