Spinal Implant Market is estimated to be US$ 19.9 billion by 2032; Growing Prevalence of Spinal Illnesses and emergence of New Age Spine Implant to Boost the Market Growth – By PMI

Prophecy Market Insights latest research report on the Spinal Implant Market provides a comprehensive analysis of the current market scenario, growth opportunities, challenges, and emerging trends. The report offers insights into the market's size and share, key market players, distribution channels, and consumer preferences. It also examines the impact of the COVID-19 pandemic on the market and provides a detailed analysis of the competitive landscape, including strategic alliances, mergers, and acquisitions.


Covina, Sept. 28, 2023 (GLOBE NEWSWIRE) -- Introduction:

Spinal implants are instruments used during a spinal surgery to help support fusion, stabilization, and maintaining the strength in spine. Spinal cord stimulators, screws, cages, rods, plates and hooks are some examples of Spinal Implant.

Rapidly growing population across globe and adoption of unhealthy lifestyle has become major contribution in target market growth. Adoption of sedentary lifestyle coupled with growing back pain disorders in an individual has further facilitated the demand for market growth. Furthermore, rising geriatric population across globe, increased obesity among older people and advancement in medical treatment is anticipated to increase the demand for Spinal Implant market growth over the forecast period.

Key Highlights:

  • In October 2022, Kalamazoo medical technology company Stryker launched new spinal implant for spinal fusion surgery. The new ‘Monterey AL Interbody System’ is made with porous & solid structures and designed for anterior lumbar inter-body fusion surgery to stabilize a painful motion segment in lower back caused by spondylolisthesis.

Analyst View:
Growing prevalence of spinal illnesses and emergence of new age spine implant has provided lucrative opportunities in target market growth. The continuous progression in the development of new devices and technologies in implant have provided lucrative opportunities in Spinal Implant market growth.

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Report Scope:

AttributeDetails
Base year for estimation2022
Forecast period2022 – 2032
Market representationRevenue in USD Billion & CAGR from 2022 to 2032
Market SegmentationBy Implant Type - Fusion Implant, Non-Fusion Implants, 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-Users - Hospitals, Orthopedic Centers, And Others
Regional scopeNorth America - U.S., Canada
Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe
Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
Latin America - Brazil, Mexico, Argentina, Rest of Latin America
Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverageRevenue forecast, company share, competitive landscape, growth factors, and trends

Key players:

  • Stryker Corporation
  • Benvenue Medical Inc.
  • Zimmer Inc.
  • CareFusion Corporation
  • Alphatec Spine Inc.
  • NuVasive Inc.
  • Medtronic plc
  • Globus Medical Inc.
  • Orthofix International N.V.

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Key questions of Spinal Implant Market:

  • Who are the major companies operating in the spinal implant market?
  • What is the market share of these companies, and what strategies are they employing to maintain or expand their market presence?
  • What are the current trends in spinal implant design and technology?
  • Are there emerging materials or technologies that could disrupt the market?
  • What is the patient demographic profile driving demand for spinal implants?
  • How are factors like an aging population affecting the market, given the prevalence of spinal conditions in older individuals?

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Prophecy Market Insights is a leading provider of market research services, offering insightful and actionable reports to clients across various industries. With a team of experienced analysts and researchers, Prophecy Market Insights provides accurate and reliable market intelligence, helping businesses make informed decisions and stay ahead of the competition. The company's research reports cover a wide range of topics, including industry trends, market size, growth opportunities, competitive landscape, and more. Prophecy Market Insights is committed to delivering high-quality research services that help clients achieve their strategic goals and objectives.

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