Spinal Implant Market is expected to Grow at 5.43% through 2030
The increasing incidence of spinal
disorders is expected to drive the growth of Global Spinal Implant Market in
the forecast period, 2026-2030
According to TechSci Research report, “Spinal
Implant Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2020-2030F”, Global Spinal Implant Market was valued at USD 8.76 billion in 2024 and is expected to reach USD 11.93 billion by 2030 with a CAGR of 5.43%. This
can be ascribed to the increasing demand for minimally invasive surgeries due
to reduced hospital stays and shorter recovery periods. The growing demand for
advanced technologies in surgical procedures for easy recovery of spinal
infusion in developed countries in North America and Europe is expected to
create lucrative opportunities for global spinal implant market growth in the
coming years. Besides, the growing incidence of lumbar degenerative disc
diseases and the growing number of traffic accidents will drive market growth
over the years. Similarly, growing research and development on the advantages
of using biocompatible materials in the production of surgical instruments and
implants are propelling the growth of the market during the forecast period.
Also, increasing investment by government organizations for developing better
healthcare infrastructure and implantation devices is further expected to
support market growth.
However, the high costs of spinal surgery and side
effects associated with spinal fusion slow down the growth of the global spinal
implant market in the forecast period. Also, a lack of awareness about the new
surgical procedures for the treatment of spinal disorders in emerging countries
can further restrict the growth of the global spinal implant market. Similarly,
the uncertainties surrounding reimbursement procedures for the treatment of
spinal abnormalities can further restrict the growth of the market during the
forecast period.
Browse over XX market data Figures spread through 110
Pages and an in-depth TOC on "Global Spinal Implant Market”
The global spinal implant market can be segmented by product type, application,
material, surgery, indication, region and competitive landscape.
Based on material, titanium was the dominant material
in the global spinal implant market due to its exceptional combination of
strength, biocompatibility, and corrosion resistance. Titanium’s high
strength-to-weight ratio makes implants durable yet lightweight, reducing
patient discomfort and improving surgical outcomes. Its excellent
biocompatibility promotes better osseointegration, allowing the implant to bond
effectively with the surrounding bone, which minimizes the risk of implant
rejection and enhances long-term stability. Compared to stainless steel,
titanium is less prone to corrosion and has a lower risk of causing allergic
reactions. While cobalt chrome offers superior strength, it is heavier and less
flexible than titanium, making it less favorable for many spinal applications.
Polyetheretherketone (PEEK), a polymer used for its radiolucency and
flexibility, is often combined with titanium but generally lacks the mechanical
strength required for load-bearing implants on its own. Titanium’s versatility
and proven clinical success across various spinal procedures have led to
widespread adoption among surgeons and manufacturers. This material’s balance
of mechanical performance and biological compatibility firmly establishes it as
the preferred choice for spinal implants worldwide.
Based on Surgery, Minimally Invasive Surgery
segment was expected to dominate during the forecast period on account of the
increasing demand by patients for the shorter recovery period, shorter hospital
stays, less pain, less scarring surgery, and smaller incisions procedure which
will increase accuracy and decreased risk of complications related to
surgeries. Similarly, the rising incidence of spinal deformities along with the
increasing incidence of Klippel Feil syndrome or spine abnormalities among
newborns worldwide and females also seem to be affected slightly more than
males, which will boost the market growth during the forecast period.
Major companies operating in the
global spinal implant market are:
·
Medtronic Plc
·
Johnson &
Johnson
·
Zimmer Biomet,
Inc.
·
Stryker
Corporation
·
NuVasive, Inc.
·
Alphatec
Holdings, Inc.
·
Surgalign
Holdings, Inc.
·
B. Braun
Melsungen AG
·
SeaSpine
Holdings Corporation
·
Globus Medical
Inc.
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“North America was expected to dominate the Global
Spinal Implant market on account of the growing prevalence of spinal problems
across the region, especially United States. Similarly, the rapidly growing
aging population and growing prevalence of spinal disorders and impairments
such as spinal stenosis can further enhance the demand for spinal implantation
which will boost the market growth during the forecast period. Also,
improvements in healthcare infrastructure and growth in healthcare expenditure
in emerging countries will further drive market growth over the years.
Furthermore, growing public awareness about new spinal implantation surgeries,
growing medical tourism, and rising government initiatives for public
healthcare in the region are further contributing to the demand for spinal
implants. Besides, the growing number of new companies in the market and
technological advancements in the development of new spinal implant surgeries
for the treatment of spinal disorders is further expected to create lucrative
opportunities for market growth” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.
“Spinal Implant Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product Type (Artificial Discs, Dynamic Stabilization Devices, Spinal Fusion Implants, Others), By Application (Cervical, Thoracic, Lumber), By Material (Stainless Steel, Titanium, Cobalt Chrome, Polyetheretherketone (PEEK), Others), By Surgery (Open Surgery, Minimally Invasive Surgery), By Indication (Spinal Trauma, Deformity), By Region and Competition 2020-2030F”, has evaluated the future growth potential of
global spinal implant market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision-makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in the global
spinal implant market.
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