Spinal Implants Market Scope And Analysis

Report Code : TIPHE100000993
Category : Life Sciences

No. of Pages : 150

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Spinal Implants Market Analysis, Size, and Growth (2021-2022)

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Spinal Implants Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 11.88 Billion
Market Size by 2031	US$ 19.68 Billion
Global CAGR (2023 - 2031)	6.5%
Historical Data	2021-2023
Forecast period	2023-2031
Segments Covered	By Product Fusion Spinal Implants and Non-Fusion Spinal Implants By Procedure Foraminotomy Laminectomy Spinal Disc Replacement Spine Fusion Discectomy By Material Titanium Carbon Fiber Stainless Steel By End User Hospitals Specialized Clinics Ambulatory Surgical Units
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Stryker Corporation Johnson Johnson Globus Medical Inc ZimVie Inc Camber Spine Technologies LLC Spineart SA Medtronic plc Orthofix US LLC ATEC Spine Inc

Industry Developments and Future Opportunities:

A few strategic developments by leading players operating in the spinal implants market, as per company press releases, are listed below:

In October 2023, Silony Medical International AG completed the acquisition of Centinel Spine's Global Fusion Business. Through this acquisition, Silony makes major entry into the US market & significantly strengthens its anterior standalone cage offering.
In September 2023, Globus Medical Inc completed its merger with NuVasive Inc. The combined company provides surgeons and patients with one of the most complete musculoskeletal procedural solutions, enabling technological advances across the care continuum.
In November 2022, NuVasive Inc. announced the commercial launch of the NuVasive Tube System (NTS) and Excavation Micro, a revolutionary minimally invasive surgery (MIS) technology offering complete solutions for transforaminal lumbar interbody fusion (TLIF) and decompression. With additions to the NuVasive P360 portfolio, the company enhanced its access and instrumentation technology capabilities.
In August 2022, Nexus Spine announced the full commercial launch of its PressON posterior lumbar fixation system. PressON rods are designed to press onto pedicle screws rather than set screws. This unique biomechanically stronger design measures approximately one-quarter the size of standard systems. The rods are implanted faster, and they avoid the chance of set screw loosening and allow for intraoperative rod assembly for patients. The complete market release allowed the company to expand its compliant mechanism-based portfolio, which includes a range of flexible Tranquil titanium interbody fusion devices that are offered after an exhaustive validation period of refinements and system improvements.
In October 2021, NuVasive Inc launched the Cohere TLIF-O implant. With the addition of the Cohere TLIF-O implant to its Advanced Materials Science (AMS) portfolio, NuVasive has become the only company to provide both porous PEEK and porous titanium implants for posterior spinal surgery.

Competitive Landscape and Key Companies:

Stryker Corporation, Johnson & Johnson, Globus Medical Inc, ZimVie Inc, Camber Spine Technologies LLC, Spineart SA, Medtronic plc, Orthofix US LLC, ATEC Spine Inc, and B. Braun SE are among the prominent companies profiled in the spinal implants market report. These companies focus on developing new technologies, upgrading existing products, and expanding their geographic presence to meet the growing consumer demand worldwide.