Spinal implants are instruments that help to fuse the spine and increase its stability, as well as reinforce it to treat spinal level deformities. Scoliosis, spondylolisthesis, kyphosis, and fracture are all conditions treated with spinal implants. Its primary purpose is to assist in the fusion of two vertebrae and the removal of natural disc material. This procedure involves immobilising vertebrae in order to remove or greatly minimise pain caused by irregular vertebral movement. With the advent of new age spine implants and equipment, spine level care choices are constantly changing. Furthermore, the use of these implants and devices is one of the most common and well-recommended treatments for spine misalignments and degenerative changes. The majority of spinal implants are made of metals like titanium, alloy, or stainless steel, but some are made of non-metallic compounds as well. They come in a range of shapes and sizes depending on the disorder. Rods, pedicle screws, chains, plates, and cages are some of the common types of spinal implants.
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Key Driving Factors: Incidences of spinal disorders are rising:
The rising prevalence of spinal disorders is a key factor driving market expansion; this factor is creating opportunities for new entrants to gain market share by developing new technologies to treat spinal disorders. Growing demand for minimally invasive surgical procedures, growing geriatric and obese population, rising advances in spinal surgery, and rising minimally invasive surgery has gained popularity among surgeons are among the major factors driving the spinal implants market, among others.
This report offers the major market player’s profiles, such as Medtronic, DePuy Synthes, NuVasive, Inc., Stryker Corporation, Orthofix International N.V., RTI Surgical, Inc., Boston Scientific, SeaSpine Holdings Corporation, Ulrich GmbH & Co. KG, Globus Medical, Inc., B. Braun Melsungen AG, Abbott Laboratories, Zimmer Biomet Holdings, Inc., Spineart, Kuros Biosciences AG, Colfax Corporation, Bioventus, LLC, Meditech Spine, LLC, and Implanet.
Opportunities: Strict regulatory approvals:
The spinal implant and product market is expected to expand due to strict government rules and regulations on approvals. Additionally, demand for spinal implants and devices is expected to be driven by emerging markets. Furthermore, technological advancements in augmented and virtual reality, endoscopic surgery, and 3D printed implants for minimally invasive surgery are expected to drive market growth.
The global spinal implants market is divided into five categories based on product: spinal fusion systems, non-fusion devices/motion preservation devices, Vertebral Compression Fracture (VCF) treatment devices, cervical bone stimulators, spine biologics, and others. Thoracolumbar devices, cervical fixation devices, prostheses fusion devices, and others make up the spine fusion category.
The Spinal Implant market report has been categorized as below
By Surgery Type
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Published Date : March-2021