Spinal Devices Market Projected to Gain Significant Value through 2032
The global spinal devices market is estimated to develop at a 5.3% CAGR between 2022 and 2032. The market is predicted to be worth US$ 21.96 billion by 2032, while it is worth US$ 13.1 billion as of 2022.
The spinal devices market is a rapidly growing segment of
the medical device industry, driven by a rising incidence of spinal disorders
and injuries, an aging population, and technological advancements in spinal
surgery. Spinal disorders and injuries can cause chronic pain, disability, and
reduced quality of life, making the development of effective spinal devices
crucial for improving patient outcomes.
In recent years, technological advancements have expanded
the range of available spinal devices, with the development of minimally
invasive surgical techniques, the use of biologics to stimulate bone growth,
and the use of advanced materials such as titanium and carbon fiber. These
advancements have improved patient outcomes and reduced recovery times,
contributing to the growth of the spinal devices market.
Overall, the spinal devices market is expected to continue
to grow in the coming years, driven by factors such as an aging population, the
increasing prevalence of spinal disorders and injuries, and ongoing
technological advancements in spinal surgery.
Key
Players:
Some of the key players in the global spinal device market
include Stryker, Vertiflex Inc., Smith & Nephew, Siemens Healthcare GmbH,
RTI Surgical, Orthofix Holdings, Inc., Medtronic, Zimmer Inc., CONMED, Aspen
Medical Products and others.
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Spinal
Device Market: Segmentation
The global spinal device market is classified on the basis
of device type, and end user.
Based
on device type, the global spinal device market is segmented into the
following:
- Allografts
- Bridge
- Connector
- Plate
Fixation System
- Drug
Infusion system
- Electrosurgical
- Portals
- Others
Based
on end user, the global spinal device market is segmented into the following:
- Hospitals
- Clinics
- Ambulatory
Surgical Centers
- Spinal
Surgery Rehabilitation Centers
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