Global Spine Implants Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

7 Dec, 2021

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The market for spine implants consists of sales of inserts used in the spinal surgery. Spine implants are the devices used to correct the deformity in the spine, stabilize and strengthen the spine and facilitate fusion of bones in different disorders such as degenerative disc disease, kyphosis, scoliosis, spondylolisthesis, spinal stenosis and fracture. The market consists of revenue generated by the companies manufacturing spine implants by the sales of these products.

Global Spine Implants Market Size And Drivers:

The global spine implants market is expected to grow from $11.48 billion in 2020 to $12.35 billion in 2021 at a compound annual growth rate (CAGR) of 7.6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while 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 spine implants market is expected to reach $14.86 billion in 2025 at a CAGR of 5%. The rising incidences of spinal disorders coupled with the usage of the minimally invasive surgical procedures are contributing to the growth of the global spinal implants market.

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Trends In The Global Spine Implants Market

The innovation of implants in providing minimally invasive and motion-preserving stabilization is a major trend in the spine implants market. For example, RTI Surgical Holdings, a global surgical implant company, has launched the first and only posterior lumbar motion preservation solution, Coflex. Coflex is a differentiated, minimally-invasive, motion-preserving stabilization implant that is FDA PMA-approved for the treatment of moderate to severe lumbar spinal stenosis (LSS). It can be directly implanted following a surgical decompression, without fusing the bones. The device comes in different sizes to fit the patient’s anatomy, and this can be performed even in an outpatient setting.

Global Spine Implants Market Segments:
The global spine implants market is further segmented –
By Product: Spinal Fusion Devices, Non-Fusion Devices/Motion Preservation Devices, Vertebral Compression Fracture (VCF) Treatment Devices, Spinal Bone Stimulators, Spine Biologics
By Procedure: Open Surgery, Minimally Invasive Surgery (MIS)
By Material: Metallic, Polymeric, Ceramic
By End Use: Hospitals, Specialty Orthopedic And Spine Centers, Ambulatory Surgical Centers
By Geography: The global spine implants market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Spine Implants Market At:

https://www.thebusinessresearchcompany.com/report/spine-implants-market-global-report-2020-30-covid-19-growth-and-change

Spine Implants Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides spine implants market overviews, analyzes and forecasts market size and growth for the global spine implants market, spine implants market share, spine implants market players, spine implants market segments and geographies, spine implants market’s leading competitors’ revenues, profiles and market shares. The spine implants market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.