LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global spinal implants market since 2014 and the market is poised to grow by USD 2.75 billion during 2020-2024, progressing at a CAGR of more than 5% during the forecast period. Request free sample pages
Read the 158-page report with TOC on “Spinal Implants Market Analysis Report by Product (Spinal fusion implants and Non-fusion spinal implants), Geography (Asia, Europe, North America, and ROW), and the Segment Forecasts, 2020-2024”.
The market is driven by the rising prevalence of spinal disorders. In addition, technological advances are anticipated to boost the growth of the spinal implants market.
Every year, nearly 39 million people are diagnosed with spondylolisthesis, 403 million people with symptomatic disc degeneration, and 103 million people with spinal stenosis across the world. In the US alone, around 299 million people are diagnosed with degenerative disease of the lumbar spine every year. In addition, the rising incidence of spinal injuries caused by accidents, sports injuries, and catastrophic falls has further contributed to the demand for spinal implants. These factors are crucial in driving the growth of the market.
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Major Five Spinal Implants Market Companies:
B. Braun Melsungen AG
B. Braun Melsungen AG operates its business through segments such as Hospital Care, Aesculap, OPM, B. Braun Avitum, and others. S4 Spinal System and CeSPACE Titanium are the key offerings of the company.
Globus Medical Inc.
Globus Medical Inc. operates its business through segments such as Musculoskeletal Solutions and Enabling Technologies. AERIAL Interspinous Fixation is the key offering of the company.
Johnson & Johnson
Johnson & Johnson operates its business through segments such as Consumer, Pharmaceutical, and Medical Devices. PROTI 360° and SYNFIX EVOLUTION System are the key products offered by the company.
Medtronic Plc operates its business through segments such as Cardiac and Vascular Group, Minimally Invasive Therapies Group, Restorative Therapies Group, and Diabetes Group. SOVEREIGN Spinal System, Endoskeleton TA Interbody Fusion Device, and Titan Spine Interbody Devices are the key offerings of the company.
MicroPort Scientific Corp.
MicroPort Scientific Corp. operates its business through segments such as Orthopedics devices, Cardiovascular devices, CRM devices, Endovascular devices, Neurovascular devices, Electrophysiology devices, and Surgical devices. Piscis and Takin are the key products offered by the company.
Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform
Technavio has segmented the spinal implants market based on the product and region.
Spinal Implants Product Outlook (Revenue, USD Billion, 2020 - 2024)
- Spinal fusion implants
- Non-fusion spinal implants
Spinal Implants Regional Outlook (Revenue, USD Billion, 2020 - 2024)
- North America
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Healthcare Include:
Global Orthopedic Implants Market – Global orthopedic implants market by geography (Asia, Europe, North America, and ROW) and product (joint reconstruction implants, spinal implants, and craniomaxillofacial implants).
Global Digit Joint Implants Market – Global digit joint implants market by product (MCP and PIP joint implants, trapeziometacarpal joint implants, toe implants, and others), type (foot and hand), and geography (Asia, Europe, North America, and ROW).
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.