At CAGR of 5.5%, Global Spinal implants and surgical devices Market Size & Share 2022 - 2028 | Projected to Surpass at USD 17254.7 Million: Industry Trends, Demand, Value, Analysis & Forecast Report by ZMR

NEW YORK, Aug. 4, 2022 /PRNewswire/ -- As per Zion Market Research study, The global spinal implants and surgical devices market was worth around USD 12,513.9 million in 2021 and is estimated to grow to about USD 17254.7 million by 2028, with a compound annual growth rate (CAGR) of approximately 5.5 percent over the forecast period. The report analyzes the spinal implants and surgical devices market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the spinal implants and surgical devices market.

Key Industry Insights & Finding of the Spinal implants and surgical devices Market Reports:

• As per the analysis shared by our research analyst, the Spinal implants and surgical devices Market is expected to grow annually at a CAGR of around 5.5 % (2022-2028).
• Through the primary research, it was established that the Spinal implants and surgical devices Market was valued approximately USD 12,513.9 Million in 2021 and is projected to reach to roughly USD 17254.7 Million by 2028.
• Asia Pacific region leads the global spinal implants and surgical devices market and is expected to rise at the fastest CAGR of all regions.
• India and China are expected to be the most lucrative market for spinal implants and surgical devices manufacturers over the forecast period owing to rising investments in the development of healthcare infrastructure of these countries.
• North America is also expected to show beneficial opportunities owing to the presence of developed healthcare infrastructure and favorable reimbursement policies by healthcare providers and government. The United States is projected to be the most lucrative market in this region.

Zion Market Research published the latest report titled as  "Spinal implants and surgical devices Market By Product (Thoracic Fusion and Lumbar Fusion Devices, Cervical Fusion Devices, Spine Biologics, Vertebral Compression Fracture Treatment Devices, Spinal Decompression Devices, Non-Fusion Devices, Spine Bone Stimulators), By Type of Surgery (Open Surgeries, Minimally Invasive Surgeries), By End user (Hospitals, Ambulatory Surgery Centers, Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028." into their research database.

Spinal implants and surgical devices Market: Overview

Spinal implants and surgical devices are used in the treatment of spine injuries and spine disorders and are crucial to their treatment procedures. There has been an increase in instances of spine disorders over the past few years and this has majorly driven the demand for spinal implants and surgical devices and is expected to be the same for the forecast period.  

Lifestyle disorders and an increasingly sedentary lifestyle have been deemed as the major cause for increasing instances of spinal diseases and this is expected to majorly drive the spinal implants and surgical devices market potential over the forecast period. The increasing geriatric population will also boost the spinal implants and surgical devices market potential.

However, the high costs of these spinal implants and surgical devices and the unsurety of the credibility of treatment via these are expected to have a hindering effect on the global spinal implants and surgical devices market through 2028.

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Our Free Sample Report Includes:

• 2022 Updated Report Introduction, Overview, and In-depth industry analysis
• COVID-19 Pandemic Outbreak Impact Analysis Included
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• Provide Chapter-wise guidance on Request
• 2022 Updated Regional Analysis with Graphical Representation of Size, Share & Trends
• Includes Updated List of tables & figures
• Updated Report Includes Top Market Players with their Business Strategy, Sales Volume, and Revenue Analysis
• Zion Market Research methodology

Industry Dynamics:

Spinal implants and surgical devices Market: Growth Dynamics

Drivers:  Increasing Instances of Spinal Disorders.

Spinal diseases and spinal disorders have seen a substantial rise in recent times and this has propelled the demand for spinal implants and surgical devices. The spinal implants and surgical devices market is expected to be benefitted from the growing geriatric population as well which is more prone to spinal injuries due to weak bones. The increasing availability of treatment procedures and favorable reimbursement policies are expected to boost the spinal implants and surgical devices market potential over the forecast period.

Restraints: High Costs to Restrain growth.

Spinal implants and surgical devices are usually priced at a higher price point and this is expected to hinder the spinal implants and surgical devices adoption over the forecast period. Moreover, uncertainty in treatment success is also expected to have a negative impact on the spinal implants and surgical devices market potential. Spinal implants and surgical devices companies are focusing on solving this issue to boost revenue generation potential through 2028.

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Global Spinal implants and surgical devices Market: Segmentation

• The global spinal implants and surgical devices market is segregated based on product, type of surgery, end user, and region.

By End user, the spinal implants and surgical devices market is segmented into Hospitals, Ambulatory Surgery Centers, and Others. The hospital segment is anticipated to hold a dominant outlook over the forecast period owing to the rising number of spinal surgeries being performed in hospital environments.

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List of Key Players of  Spinal implants and surgical devices Market:

• Laboratories
• B. Braun (B. Braun Holding GmbH & Co. KG)
• Boston Scientific
• Depuy Synthes (Johnson & Johnson)
• Exactech Inc. (Choice Spine)
• Globus Medical Inc.
• Integra LifeSciences Holdings Corporation
• Medtronic Plc
• Nuvasive Inc. (Smith & Nephew Plc)
• Orthofix Medical Inc.
• RTI Surgical Inc.
• Stryker Corporation
• Zimmer Biomet Holdings Inc.

Key questions answered in this report:

• What are the growth rate forecast and market size for Spinal implants and surgical devices Market?
• What are the key driving factors propelling the Spinal implants and surgical devices Market forward?
• What are the most important companies in the Spinal implants and surgical devices Market Industry?
• What segments does the Spinal implants and surgical devices Market cover?
• How can I receive a free copy of the Spinal implants and surgical devices Market sample report and company profiles?

Report Scope:

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Recent Developments

• In 2020 – Medtronic a leading name in healthcare industry announced the acquisition of Stimgenics a United States based medical company that is responsible for pioneering novel spinal cord stimulation (SCS).

Regional Dominance:

• Growth of the instrumentation market.

Asia Pacific region leads the global spinal implants and surgical devices market and is expected to rise at the fastest CAGR of all regions. Increasing cases of spinal injuries and spinal disorders, rising development of healthcare infrastructure, and increasing investments in research and development of spinal implants and surgical devices are major factors that will boost the spinal implants and surgical devices market potential through 2028. Increasing awareness for spine treatments and the rising availability of spine treatments will also influence spinal implants and surgical devices market growth. India and China are expected to be the most lucrative market for spinal implants and surgical devices manufacturers over the forecast period owing to rising investments in the development of healthcare infrastructure of these countries.

The market for spinal implants and surgical devices in North America is also expected to show beneficial opportunities owing to the presence of developed healthcare infrastructure and favorable reimbursement policies by healthcare providers and government. The United States is projected to be the most lucrative market in this region.

Global Spinal implants and surgical devices Market is segmented as follows:

Spinal implants and surgical devices Market: By Product Outlook (2022-2028)

• Thoracic Fusion and Lumbar Fusion Devices
• Cervical Fusion Devices
• Spine Biologics
• Vertebral Compression Fracture Treatment Devices
• Spinal Decompression Devices
• Non-Fusion Devices
• Spine Bone Stimulators

Spinal implants and surgical devices Market: By Type of Surgery Outlook (2022-2028)

• Open Surgeries
• Minimally Invasive Surgeries

Spinal implants and surgical devices Market: By End-User Outlook (2022-2028)

• Hospitals
• Ambulatory Surgery Centers
• Others

Spinal implants and surgical devices Market: By Region Outlook (2022-2028)

North America

• The U.S.
• Canada

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa

• GCC
• South Africa
• Rest of Middle East & Africa

Press Release For Spinal implants and surgical devices Market: https://www.zionmarketresearch.com/news/global-spinal-implants-and-surgical-devices-market

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