Global Spinal Implants Market Size 2021 Expeditious Growth, Opportunities and forecast to 2027
Spinal Implants Market 2020
Spinal Implants Market 2020 can expect growth at a decent rate of approximately 5.5% from 2017 to 2023 (assessment period), suggests Market Research Future (MRFR). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
COVID-19 Impact on the Spinal Implants Market Size
The surge in SARS-CoV-2 infection has also boosted the apprehension with regard to reduced supply of essential medical devices that are used for treating not only the novel coronavirus but other disorders and ailments as well. The pandemic has weakened the demand for spine implants since treatments in this regard have been put on hold in favor of COVID patients, leading to slower market growth.
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Major Key Players:
Some of the leading players operating in the global Spinal Implants Market Size are Depuy Synthes Inc. (Johnson & Johnson) (US), Medtronic, plc. (Ireland), Stryker Corporation (US), Zimmer Biomet Holdings, Inc. (US), NuVasive, Inc. (US), Globus Medical, Inc. (US), Orthofix International N.V. (Netherlands), Alphatec Holdings, Inc. (US), K2M Group Holdings, Inc. (US), Amedica Corporation (US), RTI Surgical, Inc. (US), Exactech Inc. (US), LDR Holding Corporation (US), Integra LifeSciences (US), Quandary Medical LLC (US), Alliance Spine (US), AESCULAP (US), Apollo Spine (US), Ascendx Spine (US), Premia Spine (Israel), A-Spine (Taiwan), Accel Spine (US), Back 2 Basics Spine (Canada), SI-BONE (US), Centinel Spine (US), Captiva Spine Inc. (US), Life Spine (US), NLT Spine (US), SpineGuard (France), Paradigm Spine LLC (US), Reliance Medical Systems (US), Precision Spine (US), Spinal Solutions Inc. (US), Spineart Geneva SA (Switzerland), and Spine Frontier (US)
Segmentation Analysis:
Spinal implants industry can be considered for product, procedure, and material.
The key products are non-fusion devices/motion preservation devices, spinal fusion devices, spine biologics, spinal bone stimulators, Vertebral Compression Fracture (VCF) treatment devices, and others.
Some of the top procedures studied in the MRFR report include Minimally Invasive Surgery (MIS), open surgery, and others.
Materials that have been analyzed in the report are titanium-alloy, titanium, plastic, stainless steel, and others.
Regional Analysis:
Globally, North America accounts for the leading market for Spinal Implant. Countries like U.S. and Canada play a vital role in the growth of this market. Factors such as the technological innovation, advancement in manufacturing processes, and contribution of nanotechnology, substantiate the market growth. Higher per capita healthcare expenditures and rising R&D funding to develop new techniques are some of the major factors supporting the growth of the market in the region. Europe is expected to be the second-largest market, demonstrating a phenomenal growth throughout the forecast period. Factors such as the financial support from the government for research and development activities, the increase in geriatric population and the increasing demand for spinal implants and devices for the treatment of spinal disorders in the region drive the market growth. Furthermore, the Asia Pacific Spinal Implants Market Size Size is emerging as one of the lucrative markets. Rising cases of obesity disorders, increasing healthcare expenditure, increasing government funding, and the presence of a large patient population, along with the growing awareness about novel spine treatment techniques in the region are the major driving forces for the growth of the market.
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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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