Spinal Implants Market Size, Share & COVID-19 Impact Analysis | Global | 2022-2028 | MedSuite | Includes: Vertebral Compression Fracture Market, Spinal Surgery Instrumentation Market, and 5 more
- Year: 2022
- Scope: 10 Years
- Region: Global
- Type: MedSuite
iData’s Global spinal implant market was valued at $15.4 billion in 2021. This is expected to increase over the forecast period at a CAGR of 5.5% to reach $22.5 billion.
The full report suite on the global spinal implant and vertebral compression fracture (VCF) market, covering 70 countries and 7 regions, includes segments for traditional cervical and thoracolumbar fixation devices, interbody devices, motion preservation devices, VCF treatment and spinal surgery instrumentation.
MARKET REPORT DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecasts Until 2028, and Historical Data to 2018
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- Procedure Volumes
- Company Profiles, Product Portfolios and SWOT for Top Competitors
- COVID-19 Impact Analysis
GLOBAL SPINAL IMPLANTS MARKET TRENDS
Growth in major segments of this market will be limited by the increasing popularity of minimally invasive surgery, including thoracolumbar fixation, interbody devices and instrumentation. Minimally invasive surgeries can result in faster recovery times, which will consequently decrease procedure costs for hospitals. This will create an increased demand for minimally invasive procedures and, conversely, gain some portion of the growth from traditional open spine procedures.
COVID-19 IMPACT ANALYSIS ON THE GLOBAL SPINAL IMPLANTS MARKET
The effects of the pandemic on the global spinal implant and VCF market have been different in each market segment. The vertebral compression fracture segment experienced the steepest declines in 2020. thoracolumbar fixation market was the second-most-affected segment in 2020. The least-impacted segment was cervical fixation. All of the segments of this market experienced growth in 2021, except for cervical fixation and thoracolumbar fixation.
GLOBAL SPINAL IMPLANT MARKET SHARE INSIGHTS
Overall, within the Global Spinal Implants market there are two dominant competitors: Medtronic, DePuy Synthes, and Stryker.
In 2021, Medtronic was the leader of the global spine and vertebral compression fracture (VCF) market. Medtronic gained this position through its leading position in the cervical fixation, thoracolumbar fixation, vertebral compression fracture and interbody segments. Medtronic also held the second-leading position in the motion preservation segment.
MARKET SEGMENTATION SUMMARY
- Procedure Numbers for Spinal Implants and VCF – Includes:
- Cervical Fixation Procedures, Thoracolumbar Fixation Procedures, Interbody Device Procedures, Motion Preservation Procedures, Vertebral Compression Fracture Procedures, Spinal Electrical Stimulation Device Procedures
- Cervical Fixation Market – Further Segmented Into:
- Anterior Cervical Fixation Market, Posterior Cervical Fixation Market
- Thoracolumbar Fixation Market – Further Segmented Into:
- Degenerative Thoracolumbar Fixation Market, Deformity Correction Thoracolumbar Fixation Market, Trauma/Tumor Thoracolumbar Fixation Market
- Interbody Device Market – Further Segmented Into:
- ALIF Market, PLIF Market, TLIF Market, and CIF Market, VBR/Corpectomy Market, Expandable Interbody Device Market, Standalone Interbody Device Market
- Motion Preservation Market – Further Segmented Into:
- Artificial Disc Market, Dynamic Stabilization Market
- Vertebral Compression Market – Further Segmented Into:
- Vertebral Compression Fracture Market, Vertebroplasty Market, Percutaneous Vertebral Augmentation Market
- Electrical Stimulation Device Market – Further Segmented Into:
- Cervical Electrical Stimulation Devices and Lumbar Electrical Stimulation Devices
- Spinal Surgery Instrumentation Market – Includes:
- Data aggregated for tools not otherwise mentioned in other segments and procedures – for example, scalpels, catheters, rongeurs, clamps, forceps, retractors, and cannula, in addition to other products.
GLOBAL RESEARCH SCOPE
| Report Attribute | Details |
|---|---|
| Regions | North America (Canada, United States) Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.) Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
| Base Year | 2021 |
| Forecast | 2022-2028 |
| Historical Data | 2018-2021 |
| Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
| Qualitative Coverage | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
| Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
Procedure Volume Analysis Segments in the United States
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