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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Influential players to impact the spinal implants market are Depuy Synthes Inc. (Johnson & Johnson) (U.S.), Medtronic, plc (Ireland), NuVasive, Inc. (U.S.), Stryker Corporation (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Amedica Corporation (U.S.), Exactech Inc. (U.S.), RTI Surgical, Inc. (U.S.), LDR Holding Corporation (U.S.), Integra LifeSciences (U.S.), Quandary Medical LLC (U.S.), AESCULAP (U.S.), Premia Spine (Israel), Ascendx Spine (U.S.), A-Spine (Taiwan), Alliance Spine (U.S.), Apollo Spine (U.S.), Accel Spine (U.S.), Back 2 Basics Spine (Canada), SI-BONE (U.S.), Centinel Spine (U.S.), Life Spine (U.S.), Captiva Spine Inc. (U.S.), NLT Spine (U.S.), Paradigm Spine LLC (U.S.), SpineGuard (France), Spine Frontier (U.S.), Spineart Geneva SA (Switzerland), Reliance Medical Systems (U.S.), Precision Spine (U.S.), Spinal Solutions Inc. (U.S.), and others.
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).
The Americas has the maximum share of the global market due to superior technology and better healthcare service. At the same time, investment in treatment and research & development are getting higher owing to which the regional market is getting much traction. Nanotechnology could play a vital role in taking the market ahead.
Europe’s growth banks on similar reasons like that of the Americas. The R & D segment receives huge funds from governments for better product innovation which can ensure market growth.
In April 2019, SINTX announced their plan to collaborate with the European industry academic group that is focusing mostly on training scientists to experience the working procedures of silicon nitride biomedical implants. Increasing knowledge regarding the component can help in the growth of the spinal implant market.
With the focus on a detailed analysis of the spinal implants market, MRFR segmented it by product, procedure, and material.
By product, the global spinal implants market includes spinal bone stimulators, non-fusion devices/motion preservation devices, spinal fusion devices, spine biologics, vertebral compression fracture (VCF) treatment devices, and others. The spine fusion segment comprises interbody fusion devices, cervical fixation devices, thoracolumbar devices, and others. The thoracolumbar devices segment encompasses lumbar plates, anterior lumbar plates, rods, pedicle screw, wires & cables, crosslinks, hooks, and others. The cervical fixation devices segment includes plates and screws, anterior cervical plates, hook fixation systems, wires, clamps, and others. The interbody fusion devices segment comprises bone interbody fusion devices, non-bone interbody fusion devices, and others.
The non-fusion devices/motion preservation devices segment includes artificial discs, dynamic stabilization devices, nuclear disc prostheses, annulus repair devices, and others. The dynamic stabilization devices segment consists facet replacement products, pedicle screw-based systems, interspinous process spacers, and others. The artificial discs segment includes artificial lumbar discs, artificial cervical discs, and others.
The vertebral compression fracture (VCF) treatment devices segment includes vertebroplasty devices, balloon kyphoplasty devices, and others.
The spinal bone stimulators segment encompasses invasive spine bone stimulators, non-invasive spine bone stimulators, and others. The non-invasive spine bone stimulators segment includes a capacitive coupling (CC), pulsed electromagnetic field device, and combined magnetic field (CMF) devices, and others.
The spine biologics segment can be segmented into the cell-based matrix, bone graft substitutes, spinal allografts, and others. The spinal allografts segment can be sub-segmented into demineralized bone matrix, machined bones allograft, and others. The bone graft substitutes segment includes synthetic bone grafts, bone morphogenetic proteins, and others.
By procedure, the global spinal implants market includes open surgery, minimally invasive surgery (MIS), and others.
Material-wise, the global spinal implants market can be segmented into titanium, plastic, titanium-alloy, stainless steel, and others.
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