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Several factors will continue to influence the growth of the global interbody spine implants market. Firstly, the analyst predicts the emergence of 3D-printed and custom-fit spine implants is expected to boost the global interbody spinal implants market growth. The use of 3D printing in healthcare has grown exponentially over the last decade due to cost savings, computing, and ever-increasing applications. Speak directly to the analyst to clarify any post sales queries you may have.
The global interbody spine implants market is likely to grow at a CAGR of 2.71% during the forecast year 2022-2027. In-depth analysis and data-driven insights on the impact of COVID-19 are included in this report.
MARKET GROWTH ENABLERS
- Growing Demand for Minimally Invasive Spinal Surgeries
- Expanding Target Population for Interbody Spine Implants
- Rising Frequency of Strategic Acquisitions
INTERBODY SPINAL IMPLANTS MARKET SEGMENTS
The interbody spinal implants market is segmented by:
- Product Type
- Material
- End-User
- Geography
Specialty orthopedic and spine centers accounted for a share of 34.00% and are likely to grow at a higher CAGR than the hospitals segment as patients increasingly prefer specialty spine care centers over multi-specialty hospitals.
In developing countries like India, the importance of MI spine surgery is also growing. The exponential growth of spinal training facilities and efficiency in private and corporate hospitals in emerging markets is also contributing to the growth of the hospitals segment.
GEOGRAPHICAL ANALYSIS
The presence of a large pool of patient population with various spinal disorders requiring spine implants, higher acceptance of advanced and innovative spine implants, and high awareness regarding the benefits of MI spine surgery procedures are collectively supporting the market growth of spine implants in North America.
In 2021, Latin America accounted for a revenue share of 3.70% in the global interbody spine implants market. Brazil, Mexico, and Argentina are the major revenue contributors to the interbody spine implants market in the region.
VENDOR LANDSCAPE
More than 400 vendors in the market offer a wide array of spine implants worldwide. Among all the companies that primarily derive revenue from spine implants, most of the emerging vendors are growing at high single-digit or low double-digit rates over the past few years.
For instance, between 2018 and 2021, Medtronic, DePuy Synthes, Stryker, NuVasive, and Zimmer Biomet made notable acquisitions and launched new interbody spine implants to enhance spine portfolio, bolster growth, and remain competitive.
THE REPORT INCLUDES:
1. The analysis of the global interbody spine implants market provides market size and growth rate for the forecast period 2022-2027.
2. It offers comprehensive insights into current industry trends, trend forecast, and growth drivers about the interbody spine implants market.
3. The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.
4. It offers a complete overview of market segments and the regional outlook of the global interbody spine implants market.
5. The report offers a detailed overview of the vendor landscape, competitive analysis, and critical market strategies to gain competitive advantage.
Table of Contents
1 Research Methodology2 Research Objectives3 Research Process6 Market at a Glance
4 Scope & Coverage
5 Report Assumptions & Caveats
7 Introduction
8 Market Opportunities & Trends
9 Market Growth Enablers
10 Market Restraints
11 Market Landscape
12 Product Type
13 Material
14 End User
15 Geography
16 North America
17 APAC
18 Europe
19 Latin America
20 Middle East & Africa
21 Competitive Landscape
22 Key Company Profiles
23 Other Prominent Vendors
24 Report Summary
25 Quantitative Summary
26 Appendix
List of Exhibits
List of Tables
Companies Mentioned
- Globus Medical
- Johnson & Johnson
- Medtronic
- NuVasive
- Stryker
- Zimmer Biomet
- Aegis Spine
- ATEC Spine
- Atlas Spine
- Aurora Spine
- Braun Melsungen
- Beijing Chunlizhengda Medical Instruments
- Benvenue Medical
- BM Korea
- Canwell Medical
- ChoiceSpine
- Cousin Surgery
- EUROS
- Genius Ortho
- Inion
- L&K Biomed
- Life Spine
- Medacta International
- Novax DMA
- Orthofix Medical
- SpineCraft
- Spinal Elements
- SpineVision
- South America Implants
- Ulrich Medical
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 287 |
| Published | February 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 1849.3 Million |
| Forecasted Market Value ( USD | $ 2170.74 Million |
| Compound Annual Growth Rate | 2.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 30 |
