Spinal Implants Market worth $14.3 billion by 2028

The report "Spinal Implants Market by Product (Devices (Thoracic, Cervical, Interbody Fusion, Spinal Non-Fusion), Biologics, Stimulators), Application (VCF, Spinal Decompression, Fusion, Non-Fusion), Surgery (Open, MIS), Region & Customer Unmet Need Forecast to 2028", is projected to reach USD 14.3 billion by 2028 from USD 11.2 billion in 2023, growing at a CAGR of 5.0% during the forecast period.

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• 359? ? ?Market Data Tables
• 45? ? ? ?Figures
• 335? ? ?Pages and in-depth TOC on?"Spinal Implants Market - Global Forecast to 2028”

Some of the prominent key players are:

• Medtronic (Ireland),
• Depuy Synthes- Johnson & Johnson (US),
• NuVasive (US),
• Spineart (Switzerland),
• RTI Surgical (Germany), and many more......

Mergers & acquisitions, investments & expansions, partnerships & collaborations, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the Spinal Implants Market.

• Based on the product, the spinal implants market is segmented into Thoracic Fusion and lumbar Fusion Devices, Cervical Fusion Devices, Spine Biologics, Spinal Decompression Devices, Non-Fusion Devices, Vertebral Compression Fracture Treatment Devices, and Spine Bone Stimulators.
• Based on the type of surgery, Open Surgeries is the preferred application for surgeons in spine surgical procedures for complex spinal deformities, such as severe scoliosis or advanced kyphosis. The direct visualization provided by open procedures allows surgeons to address intricate anatomical abnormalities more effectively.
• Spinal fusion & fixation stands as the Fusion procedures, designed to achieve spinal stabilization, are increasingly underscored by a heightened focus on preserving spinal motion, particularly within the lumbar region. This emphasis has spurred the innovation and acceptance of dynamic stabilization systems and non-fusion technologies, consequently propelling the demand for specialized types of spinal implants.
• Based on region, The spinal implants market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, with North America dominating the market share in 2022. This dominance in North America is propelled by factors such as a growing elderly population, a high incidence of spinal disorder, a rise in demand for minimally invasive surgical procedures, and the presence of well-established players with robust spinal implants portfolios.

The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. An increase in spinal disorders and the aging population, increasing research & funding initiatives from organizations, and worldwide advancement in spine surgical procedures are a few drivers that collectively contribute to the growth of the market, and as healthcare technologies continue to evolve, the demand for minimally invasive spine surgical procedure is expected to rise further in the upcoming years. However, challenges for regulatory issues, high cost limits the market growth.