Spinal Devices Market Size to Reach USD 15.74 Billion by 2026, CAGR of 3.9%

Posted on Mar 24 2023 3:31 AM

"Spinal Devices Market Size, Share & Industry Analysis, By Product Type (Fusion Devices (Cervical Devices, Thoracolumbar Devices, Interbody Devices, and Biologics), Non-Fusion Devices (Vertebral Compression Fracture Devices, Artificial Discs, Dynamic Stabilization Devices, and Others), and Stimulation Devices) By Disease Indication (Degenerative Disc Disease, Complex Deformity, Traumas & Fractures, and Others), By End User (Hospitals & Ambulatory Surgery Centers, Specialty Clinics and Others) and Regional Forecast, 2019-2026 "

The global spinal devices market size was valued at USD 11.59 Billion in 2018 and is projected to reach USD 15.74 Billion by 2026, exhibiting a CAGR of 3.9% during the forecast period.

The Fortune Business Insights Spinal Devices Market, discusses various factors driving or restraining the market, which will help the future market to grow with promising CAGR. The Spinal Devices Market Research Reports offers an extensive collection of reports on different markets covering crucial details. The report studies the competitive environment of the Spinal Devices Market based on company profiles and their efforts on increasing product value and production.

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Spinal devices are medical devices used to treat spinal conditions or injuries. These devices can be used to provide stability to the spine, correct deformities, or relieve pain. Some common types of spinal devices include spinal fusion systems, artificial discs, intervertebral body spacers, and instrumentation systems. These devices are usually implanted during surgical procedures and are designed to provide long-term support to the spine. Some spinal devices may also incorporate materials such as metal, plastic, or ceramics to help promote fusion or provide additional support.

Major Key Players in Spinal Devices Market Report are:

  • Medtronic
  • Stryker
  • Zimmer Biomet
  • DePuy Synthes (Johnson & Johnson Services, Inc.)
  • NuVasive, Inc
  • Globus Medical
  • RTI Surgical Holdings, Inc.
  • Aesculap, Inc. (B. Braun Melsungen AG)
  • Alphatec Spine, Inc.

Report Drivers and Trend Analysis:

Increased Adoption of Surgical Robots for Spinal Injuries is Beneficial to the Market

Increasing Demand for Minimally Invasive Surgical Procedures Drives More Hospitals to Use Robots to Perform Surgical Procedures for Spinal Treatment It looks like As a result, manufacturers are now increasingly focused on developing new robotic technologies to help surgeons perform tricky spinal surgeries with greater ease and precision. Therefore, the emergence of robotics in healthcare is expected to shape the spinal fixation device market trends during the forecast period.

The Scope of the Report:

The report segments the global Spinal Devices Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Spinal Devices Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

Spinal Devices Market Segmentation:

By Product Type

  • Fusion Devices
    • Cervical Devices
    • Thoracolumbar Devices
    • Interbody Devices
    • Biologics
  • Non-fusion Devices
    • Vertebral Compression Fracture Devices
    • Artificial Discs
    • Dynamic Stabilization Devices
    • Others
  • Stimulation Devices

By Disease Indication

  • Degenerative Disc Disease
  • Complex Deformity
  • Traumas & Fractures
  • Others

By End User

  • Hospitals & Ambulatory Surgery Centers
  • Specialty Clinics
  • Others

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Increasing Availability of High-quality Treatment Options to Boost Growth

The spinal devices industry is exhibiting a tremendous amount of technological advancements. It, in turn, is leading to the launch of a variety of innovative orthopedic devices and implants. They are providing high-quality treatment to those patients who are suffering from spinal disorders. The large patient pool across the world is demanding for customized implants and minimally invasive solutions.

Table of Contents:

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
    4. Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
    3. Market Opportunities
  4. Key Insights
    1. Prevalence of Key Spinal Diseases - For Key Countries/Regions
    2. Regulatory Scenario - For Key Countries/Regions
    3. Reimbursement Scenario - For Key Countries/Regions
    4. New Product Launches
    5. Key industry Developments - Mergers, Acquisitions and Partnerships
    6. Key Industry Trends
  5. Global Spinal Devices Market Analysis, Insights and Forecast, 2015-2026
    1. Key Findings / Summary
    2. Market Analysis, Insights and Forecast – By Product Type
      1. Fusion Devices
        1. Cervical Devices
        2. Thoracolumbar Devices
        3. Interbody Devices
        4. Biologics
      2. Non-fusion Devices
        1. Vertebral Compression Fracture Devices
        2. Artificial Discs
        3. Dynamic Stabilization Devices
        4. Others
      3. Stimulation Devices
    3. Market Analysis, Insights and Forecast – By Disease Indication
      1. Degenerative Disc Disease
      2. Complex Deformity
      3. Traumas & Fractures
      4. Others
    4. Market Analysis, Insights and Forecast – By End User
      1. Hospitals & Ambulatory Surgery Centers
      2. Specialty Clinics
      3. Others
    5. Market Analysis, Insights and Forecast – By Region
      1. North America
      2. Europe
      3. Asia Pacific
      4. Latin America
      5. Middle East & Africa

TOC Continued…

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