Market Overview:
The global flexible spinal implants market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of spine disorders, rising geriatric population, and technological advancements in spinal implants. Based on type, the global flexible spinal implants market is segmented into rods, hooks, pedicle screws, plates, cages and others. The rods segment is expected to account for the largest share of the global flexible spinal implants market in 2018. This can be attributed to their high demand for use in surgeries for correcting spine deformities and instability. Based on application, the global flexible spinal implants market is segmented into thoracic surgery applications (scoliosis correction surgeries), lumbar surgery applications (spinal fusion surgeries), cervical surgery applications (cervical fusion surgeries) and artificial discs replacement procedures).
Product Definition:
A flexible spinal implant is a device used to stabilize the spine and improve its function. This type of implant is made of a flexible material that can be bent and shaped to fit the individual's anatomy. Flexible spinal implants are important because they provide stability and support for the spine while also allowing for movement and flexibility.
Rods:
Rods are small, flexible devices that help in maintaining spinal stability. They are most commonly used for treating spondylolisthesis (slipped discs), but they can also be used to treat other conditions such as scoliosis and cervical radiculopathy. The National Spinal Cord Injury Statistical Center reported that in the U.S., approximately 285,000 people suffer from a spinal cord injury every year with an average of 14 new cases registered per day (as of 2016).
Hooks:
Hooks are small metal or plastic projections that are used to secure the spine implants in place. They help stabilize and hold the vertebrae together post-surgery. The number of hooks required depends on their size and location on the spine. Smaller ones can be placed closer to the center of your back, while larger ones can be placed at either end of your back (your thoracic or lumbar regions).
Application Insights:
The thoracic segment held the largest share of the market in 2017. This is due to high usage of flexible spinal implants for treating conditions such as herniated disc, stenosis, and radiculopathy. According to a study published in Spine Journal, around 80% of patients with chronic lower back pain have one or more herniated discs at initial evaluation. Thus, high prevalence coupled with growing awareness about treatment alternatives is expected to drive demand over the forecast period.
The lumbar segment is expected to witness significant growth over the forecast period owing to increasing usage of these implants for treating conditions such as L5-S1 disk degenerative disease and L4-L5 spondylolisthesis along with an increase in number of total surgeries performed on this region every year since 2015 according to data published by National Center for Biotechnology Information (NCBI). Growing adoption rate along with technological advancements are also likely contribute towards segment growth during future years.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare facilities, favorable reimbursement policies, and increasing demand for minimally invasive surgeries are some of the major factors contributing to growth in this region. According to a study published by Spine Journal in 2018, spinal fusion procedures accounted for approximately 25% of all surgical procedures performed across North America.
Asia Pacific is anticipated to witness lucrative CAGR during the forecast period owing to growing medical tourism industry and improving healthcare infrastructure especially in developing countries such as India & China & Malaysia etcetera in Asia Pacific region).
Growth Factors:
- Increasing incidence of spinal cord injuries: The increasing incidence of spinal cord injuries is one of the key growth drivers for the flexible spinal implants market. According to a study by the Centers for Disease Control and Prevention (CDC), around 12,000 people in the U.S. suffer a spinal cord injury each year. This number is expected to rise in future due to increasing awareness about spine health and rising geriatric population.
- Growing demand for minimally invasive surgeries: Flexible spinal implants are increasingly being used as an alternative to traditional open surgery procedures, owing to their ability to provide better patient outcomes with less surgical trauma and shorter hospital stays. This is driving the demand for flexible spinal implants worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Flexible Spinal Implants Market Research Report
By Type
Rods, Hooks, Pedicle Screws, Plates, Cages, Others
By Application
Thoracic, Lumbar, Cervical, Artificial Discs, Others
By Companies
Paradigm Spine, Medtronic, Abbott Spine, Raymedica, K2M Group Holdings, Stryker Corporation, Zimmer Biomet Holdings, B. Braun Melsungen, Alphatec Holdings, NuVasive, Paradigm Spine
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Flexible Spinal Implants Market Report Segments:
The global Flexible Spinal Implants market is segmented on the basis of:
Types
Rods, Hooks, Pedicle Screws, Plates, Cages, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Thoracic, Lumbar, Cervical, Artificial Discs, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Paradigm Spine
- Medtronic
- Abbott Spine
- Raymedica
- K2M Group Holdings
- Stryker Corporation
- Zimmer Biomet Holdings
- B. Braun Melsungen
- Alphatec Holdings
- NuVasive
- Paradigm Spine
Highlights of The Flexible Spinal Implants Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rods
- Hooks
- Pedicle Screws
- Plates
- Cages
- Others
- By Application:
- Thoracic
- Lumbar
- Cervical
- Artificial Discs
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flexible Spinal Implants Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Flexible spinal implants are a type of medical device that are inserted into the spine to help support and stabilize it. They can be used to treat a variety of conditions, including chronic back pain, degenerative disc disease, and cervical spondylosis.
Some of the major players in the flexible spinal implants market are Paradigm Spine, Medtronic, Abbott Spine, Raymedica, K2M Group Holdings, Stryker Corporation, Zimmer Biomet Holdings, B. Braun Melsungen, Alphatec Holdings, NuVasive, Paradigm Spine.
The flexible spinal implants market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flexible Spinal Implants Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Flexible Spinal Implants Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flexible Spinal Implants Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Flexible Spinal Implants Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Flexible Spinal Implants Market Size & Forecast, 2020-2028
4.5.1 Flexible Spinal Implants Market Size and Y-o-Y Growth
4.5.2 Flexible Spinal Implants Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rods
5.2.2 Hooks
5.2.3 Pedicle Screws
5.2.4 Plates
5.2.5 Cages
5.2.6 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Thoracic
6.2.2 Lumbar
6.2.3 Cervical
6.2.4 Artificial Discs
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flexible Spinal Implants Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flexible Spinal Implants Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rods
9.6.2 Hooks
9.6.3 Pedicle Screws
9.6.4 Plates
9.6.5 Cages
9.6.6 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Thoracic
9.10.2 Lumbar
9.10.3 Cervical
9.10.4 Artificial Discs
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rods
10.6.2 Hooks
10.6.3 Pedicle Screws
10.6.4 Plates
10.6.5 Cages
10.6.6 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Thoracic
10.10.2 Lumbar
10.10.3 Cervical
10.10.4 Artificial Discs
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rods
11.6.2 Hooks
11.6.3 Pedicle Screws
11.6.4 Plates
11.6.5 Cages
11.6.6 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Thoracic
11.10.2 Lumbar
11.10.3 Cervical
11.10.4 Artificial Discs
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rods
12.6.2 Hooks
12.6.3 Pedicle Screws
12.6.4 Plates
12.6.5 Cages
12.6.6 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Thoracic
12.10.2 Lumbar
12.10.3 Cervical
12.10.4 Artificial Discs
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rods
13.6.2 Hooks
13.6.3 Pedicle Screws
13.6.4 Plates
13.6.5 Cages
13.6.6 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Thoracic
13.10.2 Lumbar
13.10.3 Cervical
13.10.4 Artificial Discs
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Flexible Spinal Implants Market: Competitive Dashboard
14.2 Global Flexible Spinal Implants Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Paradigm Spine
14.3.2 Medtronic
14.3.3 Abbott Spine
14.3.4 Raymedica
14.3.5 K2M Group Holdings
14.3.6 Stryker Corporation
14.3.7 Zimmer Biomet Holdings
14.3.8 B. Braun Melsungen
14.3.9 Alphatec Holdings
14.3.10 NuVasive
14.3.11 Paradigm Spine
