Flexible Spinal Implants Market Research Report-  Forecast till 2027

Flexible Spinal Implants Market Information: by type (rods, hooks, pedicle screws, plates, cages, other); by applications (thoracic, lumbar, cervical, artificial discs, other) - Forecast to 2027

ID: MRFR/MED/2490-HCR | February 2021 | Region: Global | 110 pages

Flexible spinal implants Market Overview:


Technological advancements in spine implants, increasing aging and obese population, rising cases of spine deformities, demand for minimally invasive spine surgery, growth in the number of hospitals offering spinal surgeries are fueling the growth of flexible spinal implants market. The market restraints are stringent product approval process, uncertain reimbursement scenario, high cost of treatment procedures, concerns about safety of advanced products etc.


Considering all these factors the flexible spinal implants market is expected to reach 4 billion USD by the end of 2023, flexible spinal implants market is projected to growing at a CAGR of ~ 13.2 % during 2017-2023.


Key Players of Flexible Spinal Implants Market:


Key players profiled in the flexible spinal implants market report are Paradigm Spine LLC, Medtronic plc., Abbott Spine, Inc.,  Raymedica, K2M Group Holdings, Stryker Corporation, Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Alphatec Holdings, Inc., NuVasive, Inc., Orthofix International N.V., and others. Intended Audience



  • Global flexible spinal implants solution providers, manufacturers & suppliers

  • Research and development (R&D) companies

  • Market research and consulting service providers

  • Academic institutes and universities


Market Segments:


The flexible spinal implants market is segmented on the basis of type and applications. Based on type, the market has been segmented as rods, hooks, pedicle screws, plates, cages and other. Based on the applications, the market has been segmented as thoracic, lumbar, cervical, artificial discs and other.


Study objectives:



  • To provide a detailed analysis of the market structure along with estimated future growth forecast for the next 6 years about various segments and sub-segments of the flexible spinal implants market.

  • To provide insights about factors affecting the market growth.

  • To analyze the flexible spinal implants market based on various factors - price analysis, supply chain analysis, Porters Five Force analysis etc.

  • To provide past and estimated future revenue of the market’s segments and sub-segments with respect to four main geographies and their countries - Americas, Europe, Asia Pacific along with Middle East & Africa.

  • To provide country level analysis of the market with respect to the current market size and future growth prospects.

  • To provide country level analysis of the market’s segments which includes by type and applications.

  • To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape of the market.

  • To track and analyze developments which are competitive in nature such as joint ventures, strategic alliances, mergers and acquisitions, new disease developments along with research and developments that are currently taking place in the flexible spinal implants markets.


Regional Aanalysis:


US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is the fastest region because of large unmet needs which is led by China and India. The Middle East and Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa are expected to be a laggard due to poor economic and political conditions.


Figure 1 Flexible Spinal Implants Market by Type, 2016 (% Market Share)


 


Flexible Spinal Implants Market, by Region



  • Americas

    • US

    • Canada




    • North America

    • Latin America


  • Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Western Europe




    • Western Europe

    • Eastern Europe


  • Asia-Pacific


    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific


  • The Middle East & Africa


    • Middle East

    • Africa



The report for Flexible Spinal Implants Market by Market Research Future comprises of extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2023: USD 4 Billion
  • 2027: Significant Value
  •   CAGR   13.2 % (2017-2023)
      Base Year   2019
      Forecast Period   2020-2027
      Historical Data   2018
      Forecast Units   Value (USD Billion)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   Type, Application
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   Paradigm Spine LLC, Medtronic plc., Abbott Spine, Inc., Raymedica, K2M Group Holdings, Stryker Corporation, Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Alphatec Holdings, Inc., NuVasive, Inc., Orthofix International N.V., and others. Intended Audience
      Key Market Opportunities   New product launches and R&D Amongst major key Players
      Key Market Drivers

  • Technological advancements in spine implants
  • Increasing aging and obese population
  • Rising cases of spine deformities
  • Demand for minimally invasive spine surgery
  • Growth in the number of hospitals offering spinal surgeries


  • Frequently Asked Questions (FAQ) :


    The flexible spinal implants market CAGR would be 13.2% during the forecast period.

    The Flexible Spinal Implants Market valuation would be USD 4 billion by 2023.

    Types mentioned in the Flexible Spinal Implants Market report are hooks, pedicle screws, cages, rods, plates, and others.

    Applications included in the Flexible Spinal Implants Market report are thoracic, lumbar, cervical, artificial discs and others.

    The Asia Pacific region would be the fastest-growing Flexible Spinal Implants Market.

    1. INTRODUCTION

    1.1 DEFINITION

    1.2 SCOPE OF STUDY

    1.2.1 RESEARCH OBJECTIVE

    1.2.2 ASSUMPTIONS & LIMITATIONS

    1.2.2.1 ASSUMPTIONS

    1.2.2.2 LIMITATIONS

    1.3 MARKET STRUCTURE:

    2. RESEARCH METHODOLOGY

    2.1 RESEARCH PROCESS:

    2.2 PRIMARY RESEARCH

    2.3 SECONDARY RESEARCH:

    3. MARKET DYNAMICS

    3.1 DRIVERS

    3.2 RESTRAINTS

    3.3 OPPORTUNITIES

    3.4 MACROECONOMIC INDICATORS

    4. MARKET FACTOR ANALYSIS

    4.1 PORTERS FIVE FORCES MODEL

    4.2 BARGAINING POWER OF SUPPLIERS

    4.3 BARGAINING POWER OF BUYERS

    4.4 THREAT OF NEW ENTRANTS

    4.5 THREAT OF SUBSTITUTES

    4.6 INTENSITY OF RIVALRY

    5. GLOBAL FLEXIBLE SPINAL IMPLANTS MARKET, BY TYPE

    5.1 RODS

    5.2 HOOKS

    5.3 PEDICLE SCREWS

    5.4 PLATES

    5.5 CAGES

    5.6 OTHER

    6. GLOBAL FLEXIBLE SPINAL IMPLANTS MARKET, BY APPLICATIONS

    6.1 THORACIC FLEXIBLE SPINAL IMPLANTS

    6.2 LUMBAR FLEXIBLE SPINAL IMPLANTS

    6.3 CERVICAL FLEXIBLE SPINAL IMPLANTS

    6.4 ARTIFICIAL DISCS FLEXIBLE SPINAL IMPLANTS

    6.5 OTHER

    7. GLOBAL FLEXIBLE SPINAL IMPLANTS MARKET, BY REGION

    7.1 NORTH AMERICA

    7.1.1 INTRODUCTION

    7.2 EUROPE

    7.2.1 INTRODUCTION

    7.3 ASIA-PACIFIC

    7.3.1 INTRODUCTION

    7.4 MIDDLE EAST & AFRICA

    7.4.1 INTRODUCTION

    8. COMPETITIVE LANDSCAPE

    8.1 MAJOR STRATEGIES ADOPTED BY MARKET PLAYERS

    8.1.1 STRATEGIC PARTNERSHIP

    8.1.2 MERGER & ACQUISITION

    9. COMPANY PROFILE

    9.1 PARADIGM SPINE LLC

    9.1.1 OVERVIEW

    9.1.2 PRODUCT OVERVIEW

    9.1.3 FINANCIALS

    9.1.4 KEY DEVELOPMENTS

    9.2 MEDTRONIC PLC.

    9.2.1 OVERVIEW

    9.2.2 PRODUCT OVERVIEW

    9.2.3 FINANCIALS

    9.2.4 KEY DEVELOPMENTS

    9.3 ABBOTT SPINE

    9.3.1 OVERVIEW

    9.3.2 PRODUCT OVERVIEW

    9.3.3 FINANCIALS

    9.3.4 KEY DEVELOPMENT

    9.4 RAYMEDICA

    9.4.1 OVERVIEW

    9.4.2 PRODUCT OVERVIEW

    9.4.3 FINANCIALS

    9.4.4 KEY DEVELOPMENTS

    9.5 K2M

    9.5.1 OVERVIEW

    9.5.2 PRODUCT OVERVIEW

    9.5.3 FINANCIALS

    9.5.4 KEY DEVELOPMENTS

    9.6 STRYKER CORPORATION

    9.6.1 OVERVIEW

    9.6.2 PRODUCT OVERVIEW

    9.6.3 FINANCIALS

    9.6.4 KEY DEVELOPMENTS

    9.7 ZIMMER BIOMET HOLDINGS

    9.7.1 OVERVIEW

    9.7.2 PRODUCT OVERVIEW

    9.7.3 FINANCIALS

    9.7.4 KEY DEVELOPMENTS

    9.8 B. BRAUN MELSUNGEN AG

    9.8.1 OVERVIEW

    9.8.2 PRODUCT OVERVIEW

    9.8.3 FINANCIALS

    9.8.4 KEY DEVELOPMENTS

    9.9 ALPHATEC HOLDINGS, INC.

    9.9.1 OVERVIEW

    9.9.2 PRODUCT OVERVIEW

    9.9.3 FINANCIALS

    9.9.4 KEY DEVELOPMENTS

    9.10 NUVASIVE, INC.

    9.10.1 OVERVIEW

    9.10.2 PRODUCT OVERVIEW

    9.10.3 FINANCIALS

    9.10.4 KEY DEVELOPMENTS

    9.11 ORTHOFIX INTERNATIONAL N.V.

    9.11.1 OVERVIEW

    9.11.2 PRODUCT OVERVIEW

    9.11.3 FINANCIALS

    9.11.4 KEY DEVELOPMENTS

    9.12 OTHERS

    10. CONCLUSION

    10.1 KEY FINDINGS

    10.1.1 FROM CEO’S VIEWPOINT

    10.1.2 UNMET NEEDS OF THE MARKET

    10.2 KEY COMPANIES TO WATCH

    10.3 PREDICTION OF FLEXIBLE SPINAL IMPLANTS INDUSTRY

    11. APPENDIX