The global spinal implants and devices market size is projected to reach USD 19.0 billion by 2030 and is anticipated to expand at a CAGR of 5.2% over the forecast period, according to a new report by Grand View Research, Inc. The growing incidences of spinal cord injuries (SCIs) are the major factor contributing to market growth. For example, the centers for disease control and prevention (CDC) estimate that SCIs cost the country around $9.7 billion annually.
Similarly, as per the National Spinal Cord Injury Association estimates, approximately 450 000 Americans are affected by SCIs. And in the U.S., approximately 17,000 new SCI cases are diagnosed each year. These numbers indicate that the rising prevalence of SCI led to an increasing demand for spinal implants as well as spinal devices. SCI cases are rising; according to the WHO, about 90% of SCI cases are traumatic.
However, the number of non-traumatic SCI cases is rising. Further, it stated that around 20-30% of SCI patients showed clinically significant signs of depression. This adversely affects patient’s improvements in functioning and overall health. The consequences associated with SCI arise mainly due to inadequate access to medical care and rehabilitation services. Approximately 5-15% of the population in middle- and low-income countries has access to the assisted devices needed post-vertebral column surgery.
Additionally, the market is expanding as a result of technological advancements in the area of spine surgery. For example, Carlsmed developed aprevo, the first interbody technology that treats adult spinal deformity (ASD) digitally from gadget to patient. This system creates personalized 3D-printed implants to carry out each plan using patient imaging data to produce patient- and surgeon-specific plans. The coronal and lordotic angles, form, size, and height of the titanium aprevo implants can all be customized. The U.S. FDA designated aprevo as a breakthrough technology in 2021 since these implants offer ASD patients a more effective course of therapy than the current standard of care.
Furthermore, growing research agreements between key developers and R&D companies to develop innovative implant solutions are further contributing to market growth. For instance, in October 2022 , Rosies Base entered into a research agreement with SpineCraft for Next-Generation Spinal Implants to examine the use of its exclusive nanoTi titanium alloy in the production of medical devices to treat vertebral column injuries and conditions.
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Spinal fusion devices dominated the market in 2022 since it is considered the gold standard and has been widely used in spinal surgery, however, non-fusion devices such as dynamic stabilization devices and total disc replacement (TDR) are being preferred more among young and active patients
With a growing preference for minimally invasive surgeries (MIS), the need for spinal implant surgeries has increased. The rate of recovery is comparatively more in MIS as compared to open surgery which has further led to high growth of MIS
North America dominated the market in 2022 due to the launch of new products and technological advancements in the U.S.
Key players are also undertaking various strategic initiatives that have led to their high revenue growth in the U.S.
Grand View Research, Inc. has segmented the global spinal implants and devices market report based on product, technology, surgery type, procedure type, and region:
Spinal Implants And Devices Product Outlook (Revenue, USD Million, 2016 - 2030)
Spinal Fusion Devices
Thoracic & Lumbar Fusion Devices
Cervical Fusion Devices
Spinal Biologics
Allografts
Xenografts
DBM
BMP
Synthetic Bone Grafts
Vertebral Compression Fracture Treatment Devices
Non-fusion Devices
Spinal Bone Growth Stimulators
Spinal Implants And Devices Technology Outlook (Revenue, USD Million, 2016 - 2030)
Spinal Fusion and Fixation Technologies
Vertebral Compression Fracture Treatment
Vertebroplasty
Kyphoplasty/Vertebral Augmentation
Motion Preservation Technologies
Spinal Implants And Devices Surgery Type Outlook (Revenue, USD Million, 2016 - 2030)
Open Surgery
Minimally Invasive Surgery
Spinal Implants And Devices Procedure Type Outlook (Revenue, USD Million, 2016 - 2030)
Discectomy
Laminotomy
Foraminotomy
Corpectomy
Facetectomy
Spinal Implants And Devices Regional Outlook (Revenue, USD Million, 2016 - 2030)
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Russia
Norway
Sweden
Denmark
Asia Pacific
China
Japan
India
Australia
South Korea
Singapore
Thailand
Latin America
Brazil
Mexico
Argentina
Middle East and Africa (MEA)
South Africa
Saudi Arabia
UAE
Kuwait
List of Key Players in the Spinal Implants And Devices Market
Medtronic
Johnson & Johnson
Stryker
NuVasive
Zimmer Biomet
Globus Medical, Inc.
Alphatec Spine, Inc.
Orthofix Holdings, Inc.
RTI Surgical Holdings
ulrich GmbH & Co. KG
B. Braun Melsungen AG
Seaspine Holdings Corporation
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