Spinal Implants Market Size and Growth Rate:

“The Spinal Implants Market was valued at US$ 8.45 Bn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to increasing adoption of minimal risk spine surgeries and increasing usage of implant procedures in orthopedic surgeries”

Spinal Implants Market Growth Drivers and Restraints:

The global spinal implants market was valued at US$ 8.45 Bn in 2018 and growing at a CAGR of 6.2% over the forecast period owing to increasing prevalence of spinal ailments and rising demand for and adoption of minimally invasive spine surgery and advancements in safer technology are expected to support the growth of the market. Moreover, launch of cost-effective spinal devices and innovation in implantable devices fuels the growth of the market. However, high cost of procedures, lack of reimbursements in emerging economies, and strict regulatory guidelines for the approval of new medical devices are restraining the growth of the spinal implants market.

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Minimally Invasive Surgeries segment accounted for higher revenue share

Based on surgery, global spinal implants market segmented into open surgery and minimally invasive surgery. Minimally invasive surgery segment market accounted US$ XX Mn in 2018 and projected to dominate over the forecast period due to increasing adoption of minimally invasive surgery coupled with low infection and bleeding risks, faster recovery, and other factors are expected to boost the growth of the market over the forecast years.
North America is expected to grow at Highest CAGR in Global Spinal Implants Market

PBI’s global spinal implants market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America is expected to account for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing to the increasing launches and innovations in the region. Presence of stringent regulatory process for the product approval and comprehensive reimbursement policies are factors which fuels the competitive rivalry in the region. Asia Pacific spinal implants market is expected to provide lucrative opportunities for the industry expansion due to ongoing development of manufacturing facilities by the leading market players in the region and growing awareness among patients for novel technologies in the region.
Approvals for the New Implants and Devices

Global auto-injectors market further reveals that strategic collaborations and acquisitions to enhance market revenue share and gaining significant geographic presence across the region. For instance, In 2015, Aesculap Implant Systems, LLC (Aesculap) got U.S. Food and Drug Administration (FDA) approval for its activl artificial disc, to treat one-level lumbar degenerative disc disease.

Key player’s profiles in the report are Zimmer Biomet (U.S.), Johnson & Johnson Services Inc (U.S.), Stryker Corporation (U.S.), Benvenue Medical, Inc. (U.S.), Becton, Dickinson and Company, CareFusion Corporation) (U.S.), Alphatec Holdings, Inc. (Alohatec Spine, Inc.) (U.S.), Medtronic Plc (U.S.), Orthofix Holdings, Inc. (U.S.), and Globus Medical Inc. (U.S.)

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Detailed Segmentation of Spinal Implants Market:

By Product Type
o Spinal Fusion
o Cervical Fusion
o Thoraco–Lumbar Fusion
o Vertebral Compression Fracture Treatment Devices
o Balloon Kyphoplasty Devices
o Vertebroplasty Devices
o Non-Fusion Implants
o Dynamic Stabilization devices
o Artificial Discs
o Annulus Repair Devices
o Nuclear Disc Prosthesis
By Surgery
o Open Surgery
o Minimally Invasive Surgery
By End User
o Hospitals
o Orthopedic Clinics
o Spine Centers
Geography

o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)

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