Registering a CAGR of 3.4% over the forecast period of 2022-2027, the global spinal devices market is anticipated to reach the market value of US$ 12680 million in the year 2027 from US$ 10030 million in the year 2022.
Spinal devices use surgical procedures in order to implant titanium-alloy, non-metallic devices, stainless steel, titanium into the spine in order to provide a permanent solution to spinal instability.
North America remains the biggest market for consumption with a share of nearly 70% in the year 2018 which is followed by APAC in second place with a share of 14%.
Spinal implants are devices that are used to allow fusion and enhance the stability of the spine, treat spinal level deformities, and strengthen the spine. These implants are used to treat numerous disorders like fracture, scoliosis, kyphosis, and spondylolisthesis. The primary purpose of these implants is to help fuse two vertebrae together and replace natural disc material. In addition, these implants are also used to treat degenerative changes and spinal misalignments.
Top Key Players in the Spinal Devices Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Spinal Devices Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Medtronic, J & J, NuVasive, Stryker, Globus Medical, Zimmer Biomet, Orthofix International, Spinal Elements, B. Braun, Alphatec, RTI Surgical, SeaSpine, Spineart, Xtant Medical, Wright Medical, and others.
Industry Updates:
Spinal Devices Market is segmented based on the type, applications, companies and regions.
Market Volume (%) By Type, it is segmented into
Market Volume (%) By Applications it is segmented into
North America is projected to lead the worldwide spinal devices market and accounts for over 40% of the global share in 2017. Increase in prevalence of chronic diseases, increasing technological innovations and growing geriatric population are some of the factors attributing to the growth of the market. The APAC region is likely to grow at the fastest CAGR over the forecast period.
All these factors greatly affect the Spinal Devices market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,
The Spinal Devices Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Spinal Devices Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
The report includes in-depth assessment of the competitive landscape, product market sizing (Value and Volume), product benchmarking, market trends, product developments, financial analysis, strategic analysis and many more to measure the impact forces and potential opportunities of the market. As well as this the report also includes a study of major developments in the market like product launches, agreements, acquisitions, collaborations, mergers and many more to comprehend the prevailing market dynamics at current and its impact in the forecast period 2022-2027.
Report Attributes
| Report Details |
Forecast Period 2022 to 2027 CAGR (Value and Volume) |
CAGR of 3.4% during the review period (2022 to 2027). |
Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022) |
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Quantitative units | Revenue in USD million/billion and CAGR from 2022 to 2027 |
By Companies | Medtronic, J & J, NuVasive, Stryker, Globus Medical, Zimmer Biomet, Orthofix International, Spinal Elements, B. Braun, Alphatec, RTI Surgical, SeaSpine, Spineart, Xtant Medical, Wright Medical |
Regions Covered |
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Countries Covered |
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Base Year
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2022 |
Historical Year
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2017 to 2021 |
Forecast Year
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2022 to 2027 |
Customization Available
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Yes, the report can be customized as per your needs |
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
What is the study period of this market?
The Spinal Devices Market is studied from 2017 - 2027.
What is the growth rate of Spinal Devices Market?
The Spinal Devices Market is growing at a CAGR of 3.4% over the next 5 years.
Who are the key players in Spinal Devices Market?
Medtronic, J & J, NuVasive, Stryker, Globus Medical, Zimmer Biomet, Orthofix International, Spinal Elements, B. Braun, Alphatec, RTI Surgical, SeaSpine, Spineart, Xtant Medical, Wright Medical
What region does this Spinal Devices Market report covers?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Spinal Devices Market?
Spinal Fusion, Non-fusion Products, Others
What are the major end-use applications of Spinal Devices Market?
Open Surgery, Minimally Invasive Surgery, Others.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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