Home > Healthcare > Medical Devices > Implantable Devices > Spinal Fusion Device Market
Spinal Fusion Device Market Size
- Report ID: GMI8294
- Published Date: Feb 2024
- Report Format: PDF
Spinal Fusion Device Market Size
Spinal Fusion Device Market was valued at around USD 8.4 billion in 2023 and is expected to register around 4.6% CAGR from 2024 to 2032, driven by key factors such as the increasing incidence of spinal diseases, alongside a rise in number of trauma and injury cases.
The incidence of spinal diseases, particularly spinal cord injury (SCI) and spinal disorders, is expected to be the primary driver of market growth. Factors such as an aging population, sedentary lifestyle, obesity, and traumatic injuries collectively contribute to the increasing burden of spinal diseases worldwide. Moreover, low back pain, a prevalent spinal disorder, affects a significant portion of the population and stands as the leading cause of disability in the U.S. Consequently, due to these factors, the market for spinal fusion devices is expected to experience exponential growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Spinal Fusion Device Market Size in 2023: | USD 8.4 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 4.6% |
| 2032 Value Projection: | USD 12.9 Billion |
| Historical Data for: | 2018 - 2023 |
| No. of Pages: | 230 |
| Tables, Charts & Figures: | 406 |
| Segments covered: | Product Type, Disease Type, Surgery, Material Type, End-use, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Frequently Asked Questions (FAQ) :
Spinal Fusion Device Market Scope
