Spinal Implant Market is estimated to be US$ 22.6 billion by 2034; Growing Prevalence of Spinal Illnesses and emergence of New Age Spine Implant to Boost the Market Growth

The Spinal Implant Market focuses on providing amenities and innovations to help in rectifying spinal level defects. Its key purpose is to aid in the fusion of two vertebrates as well as the replacement of native disc material.

Due to the increasing evolution of new age spine Implant and new technologies, there has been a constant expansion in the availability of choices for spine level therapy. The increase in obesity among the population overtime because of shifting lifestyle is one of the main factors that has been leading to the growth of the Spinal Implant Market. The rising circumstances of spinal injuries during the projected period is expected to propel the growth of the Spinal Implant Market.

The report “Spinal Implant Market, By Implant Type (Fusion Implant, Non Fusion Implant, and Bone Grafts), By Application, (Posterior Spine Fusion, Posterolateral Gutter Fusion, Posterior Lumbar Interbody Fusion, Transforaminal Lumbar Interbody Fusion, Anterior Spine Fusion, Anterior Lumbar Fusion, and Anterior Lumbar Interbody Fusion), By End User (Hospitals, Orthopaedic Centres, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast Till 2034”

 Key Highlights:

• In February 2021, the U.S. FDA approved a device named – “Ultrasonic Osteotomy Surgical system”. It is an ultrasonic surgical system which consists of a handpiece and its accessory tips for cutting bone, osteoplasty, osteotomy and drilling in various surgical procedures including hand and foot, spine, neurosurgery, otolaryngology and reconstructive. 
• In June 2017, SI-BONE announced an FDA clearance for their 3D printed product – “iFUSE-3D”. This implant is the combination of the patented triangular shape of the iFUSE implant with a personal 3D-printed trabecular surface and unique patented orifice design, which has shown to allow bony on growth, ingrowth, through growth, and intra-articular fusion.
• In June 2017, K2M announced an FDA clearance for their 3D printed product – “Mojave”. This system is a fusion device which makes independent control of the anterior and posterior height in the lumbar spine possible. It helps in the restoration of the sagittal balance as well as allows bony integration.

Analyst View:

The key factor driving the growth of the Global Spinal Implant Market is growing prevalence of spinal illnesses which are associated with population ageing. One of the main key factors leading to the target market growth is the change in the lifestyles of the population, eventually leading to obesity. Furthermore, the continuous progression in the development of new devices and technologies have been contributing a lot towards accelerating the growth of the Spinal Implant Market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Spinal Implant Market, By Implant Type (Fusion Implant, Non Fusion Implant, and Bone Grafts), By Application, (Posterior Spine Fusion, Posterolateral Gutter Fusion, Posterior Lumbar Interbody Fusion, Transforaminal Lumbar Interbody Fusion, Anterior Spine Fusion, Anterior Lumbar Fusion, and Anterior Lumbar Interbody Fusion), By End User (Hospitals, Orthopaedic Centres, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast Till 2034”

Key Market Insights from the report:

Spinal Implant Market accounted for US$ 11.3 billion in 2024 and is estimated to be US$ 22.6 billion by 2034 and is anticipated to register a CAGR of 7.20%. The Global Spinal Implant Market is segmented based on Implant Type, By Application, By End User, and By Region.

• Based on Implant Type, Global Spinal Implant Market is segmented into Fusion Implant, Non-Fusion Implant, and Bone Grafts.
• Based on Application, Global Spinal Implant Market is segmented into Posterior Spine Fusion, Posterolateral Gutter Fusion, Posterior Lumbar Interbody Fusion, Transforaminal Lumbar Interbody Fusion, Anterior Spine Fusion, Anterior Lumbar Fusion, and Anterior Lumbar Interbody Fusion), By End User (Hospitals, Orthopaedic Centres, and Others.
• By Region, the Global Spinal Implant Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of  Spinal Implant Market:

The prominent players operating in the Spinal Implant Market include, DePuy Synthes Inc., Stryker Corporation, Benvenue Medical Inc., Zimmer Inc., CareFusion Corporation, Alphatec Spine Inc., NuVasive Inc., Medtronic plc, Globus Medical Inc., and Orthofix International N.V.

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