Spinal implants and surgical devices market size worth $14.1 billion, globally, by 2028 at a CAGR of 4.2%: Verified Market Research®

Elements such as increasing advancements in spine surgery technologies, growing incidence of spinal disorders, growing number of advanced bone grafting product launches, are driving the growth of spinal implants and devices market surgical.

JERSEY CITY, NJ, March 30, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Spinal Implants and Surgical Devices MarketBy Type (Open Surgeries, Minimally Invasive Surgeries), By Technology (Spinal Fusion & Fixation, Spinal Decompression), By Product (Cervical Fusion Devices, Spine Biologics) and By Geography. According to verified market research , Global Spinal Implants & Surgical Devices Market Size has been valued at $10.1 billion in 2020 and is expected to reach $14.1 billion by 2028, growing at a CAGR of 4.2% from 2021 to 2028.

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Browse the table of contents in depth toSpinal Implants and Surgical Devices Market

202 – Pages

126 – Tables

37 – Numbers

Overview of the global spinal implants and surgical devices market

The growing demand for minimally invasive surgical procedures is expected to fuel the growth of the global spinal implants and surgical devices market during the forecast period. Also, due to lack of awareness and trained professionals, increasing cost of treatment procedures and uncertainty of reimbursement might hamper the overall market growth.

Hence, emerging markets and growing number of hospitals and surgical centers provide good opportunities for market growth. Challenges such as the lack of suitable doctors and limited awareness or education must be taken into account. Spinal surgery technologies are constantly evolving. The launch of the latest advanced or modern bone grafting products is further expected to drive the market demand. With growing awareness among the people, the trend for the adoption of minimally invasive spine surgeries is increasing which will positively affect the market.

Away from the increase in the elderly population, the spinal implant is also responding to recent modern technological advancements, which have not only improved the quality but also made surgeries more affordable for larger masses. Furthermore, the growing health awareness among the masses, along with the increase in the elimination capacity of the people, is driving the growth of the market. Improved patient knowledge for such surgeries is also expected to drive the market growth.

Key developments

  • In January 2022Stryker announced a definitive merger agreement to acquire all of the issued and outstanding common stock of Vocera Communications, Inc. for $79.25 per share, representing a total net worth of approximately $2.97 billion and a total enterprise value of approximately $3.09 billion.
  • In Dec 2021, DePuy Synthes, a division of Johnson & Johnson, announced the acquisition of OrthoSpin through its subsidiary Synthes GmbH. OrthoSpin, based in Israelcreates a robot-assisted external fixation system for orthopedic treatments
  • In 2020, Medtronic (Ireland) acquired Stimgenics, a private US-based company that has launched a new spinal cord stimulation (SCS).

Key players

Major market players include Medtronic plc, NuVasive, Inc., Orthofix International NV, Stryker Corporation, Zimmer Biomet Holdings, Inc., Alphatec Spine, Inc., B. Braun Melsungen AG, DePuy Synthes, Exactech, Inc., and Globus Medical , Inc.

Verified Market Research has segmented the global spinal implants and surgical devices market on the basis of type, technology, product, and geography.

  • Spinal Implants and Surgical Devices Market, By Type
    • Open surgeries
    • Minimally invasive surgeries
  • Spinal Implants and Surgical Devices Market, By Technology
    • Spinal fusion and fixation
    • Treatment of vertebral compression fractures
    • Spinal decompression
    • Motion Preservation/Non-B Fusion
  • 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
    • Spinal bone stimulators
  • Spinal Implants and Surgical Devices Market by Geography
    • North America
    • Europe
      • Germany
      • France
      • UK
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • LINE
      • Middle East & Africa
      • Latin America

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