Global Spinal Surgery Devices And Equipment Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

12 Oct, 2021

The spinal surgery devices and equipment market consists of sales of spinal surgery devices and equipment and related services. These include spinal implants and spinal surgical devices such as thoracic fusion and lumbar fusion devices, spine biologics, cervical fusion devices, vertebral compression fracture treatment devices, spine bone stimulators, non-fusion devices and spinal decompression devices.

Global Spinal Surgery Devices And Equipment Market Size And Drivers:

The global spinal surgery devices and equipment market is expected to grow from $7.57 billion in 2020 to $8.26 billion in 2021 at a compound annual growth rate (CAGR) of 9.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $9.7 billion in 2025 at a CAGR of 4.1%. Elderly people are a major driving factor for the spinal surgery devices and equipment market as they are more prone to spinal complications.

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Trends In The Global Spinal Surgery Devices And Equipment Market

Implementing Nano-technology to improve the quality, precision and speed of the work is the latest trend in the spinal surgery devices market. Nanoparticles possess unique chemical, biological and physical properties which enables them to perform a wide variety of cellular and subcellular tasks. Spinal pathology is a major field of study for Nano-technology. To fully implement Nano-technology, hospitals and clinics are waiting for FDA regulations and exploring options to reduce costs. In 2018, Vallum Corporation, a medical device company announced that it received clearance from the American Food and Drug Administration (FDA) for its Polyether ether ketone (PEEK) spinal fusion device which has a Nano textured surface.

Global Spinal Surgery Devices And Equipment Market Segments:
The global spinal surgery devices and equipment market is further segmented –
By Product Type: Spine Biologics, Surgical Spinal Decompression, Vertebral Compression Fracture Treatment Products, Non-Fusion, Fusion
By Application: Hospital, Ambulatory Service Centers, Orthopedic Centers
By Type of Surgery: Open Surgeries, Minimally Invasive Surgeries
By Geography: The global spinal surgery devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Spinal Surgery Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides spinal surgery devices and equipment market overviews, analyzes and forecasts market size and growth for the global spinal surgery devices and equipment market, spinal surgery devices and equipment market share, spinal surgery devices and equipment market players, spinal surgery devices and equipment market segments and geographies, spinal surgery devices and equipment market’s leading competitors’ revenues, profiles and market shares. The spinal surgery devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.