Latest News- Spinal Implants Market: Spinal fusion implants is expected to lead the Product segment during 2025-2029

The Spinal Implants Market is being driven by Rising prevalence of spinal disorders

The Spinal Implants Market is expected to grow at a CAGR of 5.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3554.5 million. In the realm of spinal implants, minimally invasive spine surgery (MISS) necessitates implant designs tailored to this technique. These implants are engineered to be smaller, enabling passage through the limited incisions employed in MISS. Minimally invasive procedures boast several advantages, including decreased tissue damage, less blood loss, and a diminished risk of infection. Consequently, patients typically experience expedited recovery periods and shorter hospital stays. Furthermore, postoperative pain and discomfort are often less pronounced in MISS patients compared to traditional open surgeries. This enhanced patient satisfaction, coupled with quicker recovery times, enables patients to resume their daily activities sooner, benefiting both patients and healthcare providers. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Spinal fusion implants
  • Non-fusion spinal implants
• End-user
  • Hospitals
  • Ambulatory surgical centers
  • Specialty clinics
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising prevalence of spinal disorders
• Favorable reimbursement scenario
• Growing focus on developing custom implants

However, the market also witnesses some limitations, which are as follows:

• High costs of spinal implants and procedures
• Postoperative complications with spinal implants
• Concerns associated with compatibility of implant

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Market Scope in Spinal Implants Market Research Report

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Research Analysis Overview

The Spinal Implants Market encompasses a range of products including Open Surgery implants and Minimally Invasive Surgery devices for addressing various Spinal Disorders caused by aging and degenerative conditions. These include Artificial Discs, Dynamic Stabilization Devices, Spinal Fusion Implants such as Plates, Cages, Thoracic Fusion devices, Lumbar Fusion Devices, Spinal Decompression Devices, and Non-Fusion Devices. Surgeons utilize these minimally invasive spine technologies for treating spinal deformities, injuries from road traffic crashes, and spine biologics. Products are available in materials like Stainless Steel, Titanium, and Cobalt Chrome, with offerings ranging from Spinal Fusion Devices like Cervical Fusion Devices and Expandable Fusion Cages to Minimally Invasive Procedures such as Minimally Invasive Spine Surgeries and Spinal Technologies. Physicians employ these solutions for treating conditions like scoliosis, kyphosis, and other spinal-related deformities.

Market Research Overview

The Spinal Implants Market is a significant segment of the global healthcare equipment industry, encompassing Open Surgery and Minimally Invasive Surgery solutions. This market includes a range of products such as Artificial Discs, Dynamic Stabilization Devices, Spinal Fusion Implants, and Spinal Trauma devices. Technavio, a leading technology research and consulting firm, categorizes this market within the broader healthcare equipment sector. The global healthcare equipment market encompasses manufacturers of capital equipment, instruments, implants, accessories, and consumables used for disease diagnosis, monitoring, and treatment. Technavio calculates the market size based on the combined revenue generated by these manufacturers across various therapy areas. Key product categories in the Spinal Implants Market include Stainless Steel, Cobalt Chrome, and Polyetheretherketone implants, as well as Spinal Fusion Devices and Non-Fusion Devices.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/