The advancements in spine surgeries technologies, such as the development of safer, more effective, advanced, the increasing incidence of spinal disorders; simple, and easy-to-use spinal implants and devices and the launch of advanced bone grafting products are some of the key factors driving the growth of the Spinal Implants Devices Market.
According to the new market research report Spinal Implants and Surgery Devices Market is projected to reach $13.8 billion by 2025 from USD 10.3 billion in 2019, at a CAGR of 5.0%.
The spinal fusion and fixation technologies segment accounted for the largest share of the market in 2019. On the basis of technology, the Spinal Surgery Devices Market is segmented into spinal fusion and fixation, vertebral compression fracture treatment, motion preservation/non-fusion, and spinal decompression technologies. The large share of this segment can be attributed to the rising incidence of target diseases (such as degenerative disc disease and spinal stenosis) with the growing geriatric population across the globe, a growing number of spinal fusion procedures, and technological advancements in spinal fusion techniques and bone grafting procedures.
The major players operating in the Spinal Surgery Devices Market are Medtronic (Ireland), DePuy Synthes (US), NuVasive, Inc. (US), Stryker Corporation (US), B. Braun Melsungen AG (Germany), Globus Medical, Inc. (US), Orthofix International N.V. (US), Abbott Laboratories (US), Zimmer Biomet Holdings, Inc. (US), RTI Surgical, Inc. (US), Boston Scientific (US), SeaSpine Holdings Corporation (US), ulrich GmbH & Co. KG (Germany), Spineart (Switzerland), Kuros Biosciences AG (Switzerland), Bioventus, LLC (US), Colfax Corporation (US), Meditech Spine, LLC (US), and Implanet (France).
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