ID: MRFR/MED/2490-HCR | 110 Pages | Published By Kinjoll Dey on March 2023
Flexible spinal implants Market Overview:
The Flexible Spinal Implants Market is expected to reach USD 7,219.3 Million by 2030 at 13.7% CAGR during the forecast period 2022-2030
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.
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
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.
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
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
|Market Size||2030: USD 7,219.3 Million|
|CAGR||13.7 % (2022-2030)|
|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||
The flexible spinal implants market CAGR would be 13.7% during the forecast period.
The Flexible Spinal Implants Market valuation would be USD 7,219.3 Million by 2030.
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.