Home > Healthcare > Medical Devices > Implantable Devices > Spinal Implant Market

Spinal Implant Market Analysis

  • Report ID: GMI5148
  • Published Date: Dec 2022
  • Report Format: PDF

Spinal Implant Market Analysis

Global Spinal Implant Market Share, by Product Type

To understand key trends  
Download Free Sample
 

Spinal implant market from spinal fusion implant segment is expected to surpass USD 7.9 billion by 2032. Spinal fusion implants include rods, intervertebral body fusion device (IBFD), pedicle screws, plates, cages, and others. The implant procedure is performed on patients suffering from spondylolisthesis, degenerative disk disease, spinal stenosis, fractured vertebra, scoliosis, infection, herniated disk, and tumour. Thus, rising incidences of spinal diseases worldwide is anticipated to augment the industry expansion.

 

Spinal implant market share from the deformity segment is likely to exhibit a 3% CAGR through 2032. The increasing prevalence of bone related diseases is expected to drive the product uptake. Nearly 58.5 million people in the U.S. suffer from arthritis. It is a leading cause of work disability. Other forms include rheumatoid arthritis, gout, and lupus. Thus, the increasing occurrence of the disease across the globe is expected to accelerate the market trends.

 

Global Spinal Implant Market Size, By Material Type

To understand key market trends  
Download Free Sample
 

The spinal implant market share from the polyetheretherketone (PEEK) segment is expected to showcase over 3% CAGR through 2032. In comparison with other materials, PEEK offers significant clinical advantages such as low allergic and hypersensitive reactions, high stability, etc. Additionally, PEEK implants can also be used in the thriving field of 3D printing in healthcare. It has wear, fatigue, corrosion, and chemical resistance, which makes the metal a popular implant material. 

 

Asia Pacific spinal implant market is expected to grow at more than 3% CAGR through 2032 due to the high prevalence of degenerative spine diseases. For instance, approximately 26.6% of the adult population in the region suffers from a degenerative disease. Lumbar degenerative disc disease is considered as one of the most common types of degenerative disc disease affecting the regional population. 
 

Global Spinal Implant Market Share, By Region

To understand regional trends  Download Free Sample
 

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market size for spinal implant was valued at more than USD 10 billion in 2022 and is expected to depict a more than 2.5% CAGR through the forecast years 2023-2032, owing to the increasing demand for minimally invasive procedures.

Global spinal implant industry share from the deformity segment is likely to exhibit a 3% CAGR through 2032, owing to the increasing prevalence of bone related diseases, such as arthritis and degenerative disc disease.

Asia Pacific spinal implant market is expected to grow at more than 3% CAGR through 2032, driven by the increasing incidence of spondylosis.

Johnson & Johnson, Medtronic plc, Stryker, Globus Medical Inc, Nuvasive, Alphatec Holdings, Inc., B. Braun Melsungen AG, Surgalign Holdings, SeaSpine Holdings Corporation, and ZimVie Inc are some prominent spinal implant manufacturers in the market.

Spinal Implant Market Scope

Buy Now

Access to only 1 person; cannot be shared; cannot be printed
Access for 2 to 5 users only within same department of one company
Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 365
  • Countries covered: 15
  • Pages: 200
 Download Free Sample