Market Overview:
The global spinal implants material market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing incidence of spine disorders, technological advancements in spinal implants, and rising demand for minimally invasive surgeries. Based on type, the global spinal implants material market is segmented into fusion, fixation, VCF (vertebral compression fracture), decompression, and motion preservation. The fusion segment accounted for the largest share of the global market in 2017 owing to its high adoption rate for treating spine disorders. By application, the open surgery segment accounted for the majority share of the global market in 2017 due to its high usage rates across all types of spine disorders.
Product Definition:
A spinal implant is a medical device that is placed in the spine to replace or support a damaged or diseased vertebra. There are many different types of spinal implants, including screws, rods, and cages.
Fusion:
Fusion is a process in which two or more substances are welded or joined together. It can be used to repair spinal implants, such as rods and screws, that have become loosened due to movement of the bone. Fusion is most commonly performed on lumbar spine (lower back) but it can also be performed on other spines depending upon the size and location of the fracture.
Fixation:
The global spinal implants material market size was valued at USD 4.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing number of patients suffering from degenerative disc disease, stenosis, and trauma injuries are driving the growth of this market globally.
Application Insights:
The minimally invasive surgery segment dominated the global spinal implants material market in 2017 owing to factors such as increasing number of hospitals and surgeons adopting these devices. Minimally invasive surgeries require spinal implants that are capable of withstanding high pressure, which is where the current generation of cemented or uncemented titanium plates and screws come into play.
Open surgery is expected to be the fastest-growing application over the forecast period due to an increase in sports injuries coupled with a rise in geriatric population prone to orthopedic ailments. According to WHO, one billion people above 60 years old were registered worldwide as of 2015; this number is projected reach 1.2 billion by 2050 if proper steps are not taken now toward preventing lifestyle diseases including obesity and smoking prevalence rates among other risk factors for cardiovascular diseases and cancer during aging stages globally speaking.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for minimally invasive surgeries are some factors driving the regional growth. According to a study published by Spine Journal in 2018, approximately 50% of patients undergoing spinal surgery would prefer minimally invasive alternatives if they were safer and less traumatic. In addition, according to another study published by National Center for Biotechnology Information (NCBI), from 2011 to 2015 there was a 41% increase in total number of C2-C3 fusion surgeries performed in U.S.
Growth Factors:
- Increasing incidence of spinal cord injuries: The increasing incidence of spinal cord injuries is one of the key growth drivers for the global spinal implants material market. According to a study by the World Health Organization (WHO), every year around 1.3 million people suffer from a traumatic brain injury, out of which 50% are below the age of 25 years. This is expected to drive demand for advanced and innovative spinal implants materials in the coming years.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and this is expected to create significant opportunities for players in the global spinal implants material market over the next few years. Elderly people are more prone to spine-related problems such as osteoporosis, arthritis, and other degenerative diseases, which would require implantation surgeries that would use advanced materials such as titanium alloys and carbon fiber composites.
- Rising awareness about spine health: There has been a rising awareness about spine health in recent years due to increasing incidences of back pain and other spine-related problems across different geographies worldwide. This has led consumers towards opting for better treatment options such as surgery, thereby driving demand for advanced implantable devices made from high quality materials like titanium alloys and carbon fiber composites used in Spinal Implants Material market .
Scope Of The Report
Report Attributes
Report Details
Report Title
Spinal Implants Material Market Research Report
By Type
Fusion, Fixation, VCF, Decompression, Motion Preservation
By Application
Open Surgery, Minimally Invasive Surgery
By Companies
DePuy Synthes, Medtronic, NuVasive, Stryker, Accel Spine, AESCULAP, Alphatec Spine, Amedica, Apollo Spine, Ascendx Spine, DePuy Synthes, Back 2 Basics Spine, Captiva Spine, Centinel Spine, Choice 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
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Spinal Implants Material Market Report Segments:
The global Spinal Implants Material market is segmented on the basis of:
Types
Fusion, Fixation, VCF, Decompression, Motion Preservation
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
Open Surgery, Minimally Invasive Surgery
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:
- DePuy Synthes
- Medtronic
- NuVasive
- Stryker
- Accel Spine
- AESCULAP
- Alphatec Spine
- Amedica
- Apollo Spine
- Ascendx Spine
- DePuy Synthes
- Back 2 Basics Spine
- Captiva Spine
- Centinel Spine
- Choice Spine
Highlights of The Spinal Implants Material 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:
- Fusion
- Fixation
- VCF
- Decompression
- Motion Preservation
- By Application:
- Open Surgery
- Minimally Invasive Surgery
- 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 Spinal Implants Material 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?
The spinal implants material is made of titanium and other metals.
Some of the key players operating in the spinal implants material market are DePuy Synthes, Medtronic, NuVasive, Stryker, Accel Spine, AESCULAP, Alphatec Spine, Amedica, Apollo Spine, Ascendx Spine, DePuy Synthes, Back 2 Basics Spine, Captiva Spine, Centinel Spine, Choice Spine.
The spinal implants material 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 Spinal Implants Material 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 Spinal Implants Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spinal Implants Material 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 Spinal Implants Material 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 Spinal Implants Material Market Size & Forecast, 2018-2028
4.5.1 Spinal Implants Material Market Size and Y-o-Y Growth
4.5.2 Spinal Implants Material Market Absolute $ Opportunity
Chapter 5 Global Spinal Implants Material 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 Spinal Implants Material Market Size Forecast by Type
5.2.1 Fusion
5.2.2 Fixation
5.2.3 VCF
5.2.4 Decompression
5.2.5 Motion Preservation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Spinal Implants Material 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 Spinal Implants Material Market Size Forecast by Applications
6.2.1 Open Surgery
6.2.2 Minimally Invasive Surgery
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spinal Implants Material 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 Spinal Implants Material 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 Spinal Implants Material Analysis and Forecast
9.1 Introduction
9.2 North America Spinal Implants Material 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 Spinal Implants Material Market Size Forecast by Type
9.6.1 Fusion
9.6.2 Fixation
9.6.3 VCF
9.6.4 Decompression
9.6.5 Motion Preservation
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 Spinal Implants Material Market Size Forecast by Applications
9.10.1 Open Surgery
9.10.2 Minimally Invasive Surgery
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 Spinal Implants Material Analysis and Forecast
10.1 Introduction
10.2 Europe Spinal Implants Material 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 Spinal Implants Material Market Size Forecast by Type
10.6.1 Fusion
10.6.2 Fixation
10.6.3 VCF
10.6.4 Decompression
10.6.5 Motion Preservation
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 Spinal Implants Material Market Size Forecast by Applications
10.10.1 Open Surgery
10.10.2 Minimally Invasive Surgery
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 Spinal Implants Material Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Spinal Implants Material 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 Spinal Implants Material Market Size Forecast by Type
11.6.1 Fusion
11.6.2 Fixation
11.6.3 VCF
11.6.4 Decompression
11.6.5 Motion Preservation
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 Spinal Implants Material Market Size Forecast by Applications
11.10.1 Open Surgery
11.10.2 Minimally Invasive Surgery
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 Spinal Implants Material Analysis and Forecast
12.1 Introduction
12.2 Latin America Spinal Implants Material 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 Spinal Implants Material Market Size Forecast by Type
12.6.1 Fusion
12.6.2 Fixation
12.6.3 VCF
12.6.4 Decompression
12.6.5 Motion Preservation
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 Spinal Implants Material Market Size Forecast by Applications
12.10.1 Open Surgery
12.10.2 Minimally Invasive Surgery
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) Spinal Implants Material Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Spinal Implants Material 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) Spinal Implants Material Market Size Forecast by Type
13.6.1 Fusion
13.6.2 Fixation
13.6.3 VCF
13.6.4 Decompression
13.6.5 Motion Preservation
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) Spinal Implants Material Market Size Forecast by Applications
13.10.1 Open Surgery
13.10.2 Minimally Invasive Surgery
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 Spinal Implants Material Market: Competitive Dashboard
14.2 Global Spinal Implants Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DePuy Synthes
14.3.2 Medtronic
14.3.3 NuVasive
14.3.4 Stryker
14.3.5 Accel Spine
14.3.6 AESCULAP
14.3.7 Alphatec Spine
14.3.8 Amedica
14.3.9 Apollo Spine
14.3.10 Ascendx Spine
14.3.11 DePuy Synthes
14.3.12 Back 2 Basics Spine
14.3.13 Captiva Spine
14.3.14 Centinel Spine
14.3.15 Choice Spine
