Market Overview:
The global lumbar interbody fusion cages market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of spinal disorders, technological advancements in lumbar interbody fusion cages, and rising demand for minimally invasive surgeries. Based on type, the global lumbar interbody fusion cages market is segmented into posterior lumbar interbody fusion cage and anterior lumbar interbody fusion cage. The posterior lumbar interbody fusion cage segment is expected to account for the majority share of the global market in 2018. This can be attributed to its growing use in complex spine surgeries owing to its ability to provide stability and support during spinal fixation procedures. Based on application, the global LIFC market is segmented into hospital and clinic settings.
Product Definition:
A lumbar interbody fusion cage is a medical device that is used to help fuse two or more vertebrae together in the lower back. This type of surgery is typically used to treat conditions such as disc herniation, spinal stenosis, and spondylolisthesis.
Posterior Lumbar Interbody Fusion Cage:
Posterior lumbar interbody fusion (PLIF) cage is a device used in lumbar interbody fusion. It is placed between the vertebrae to be fused and acts as a stabilizer during the process of spinal Fusion. The PLIF cages are made up of titanium alloy, stainless steel, polyethylene or any other material that provides stability to the spine while undergoing spinal Fusion.
Terior Lumbar Interbody Fusion Cage:
Terior lumbar interbody fusion cages are used in lumbar interbody fusion. They are made of titanium alloy and polyethylene, which is a non-toxic material. The main function of these devices is to protect the spinal cord and vertebrae from being crushed during the surgery.
Application Insights:
The hospital application segment dominated the global lumbar interbody fusion cages market in 2017. This is due to a large number of procedures performed at hospitals and increasing government funding for the treatment of low back pain. In addition, an increase in healthcare spending has led to an increase in investments by governments for improving healthcare infrastructure and equipment, which has subsequently driven demand for interbody fusion devices.
Clinical application is expected to be the fastest-growing segment over the forecast period owing to rising awareness about low back pain and its effect on daily life among patients as well as their willingness to undergo surgical procedures for treating this condition. Furthermore, growing clinical research activities pertaining with lumbar interbody fusions are expected to drive growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to the increasing number of spinal surgeries, rising geriatric population, and high healthcare expenditure. In addition, growing awareness about lumbar fusion surgeries and presence of well-established healthcare facilities are some other factors contributing toward regional growth.
Asia Pacific is expected to grow at a lucrative rate over the forecast period due to improving economic conditions leading to an increase in disposable income resulting into increased demand for medical devices. Furthermore, government initiatives for reimbursement pertaining interbody Fusion procedures will also boost regional growth during the forecast period.
Growth Factors:
- Increasing incidence of spinal disorders: The increasing incidence of spinal disorders is one of the key growth drivers for the lumbar interbody fusion cages market. According to a study by the World Health Organization (WHO), back pain is one of the most common health problems, affecting around 8 out of 10 people at some point in their lives. This high prevalence is expected to drive demand for lumbar interbody fusion cages products in the coming years.
- Rising geriatric population: The global geriatric population is growing at a rapid pace and this is expected to create significant demand for lumbar interbody fusion cages products in the coming years. As people age, they are more prone to develop spine-related problems, which can be effectively treated with surgery using lumbar interbody fusion cages products.
- Technological advancements: The technological advancements in spine surgery are another key growth driver for the lumbar interbody fusion cages market. With new technologies such as minimally invasive surgery (MIS) becoming available, surgeons are increasingly adopting these techniques as they offer several benefits over traditional open surgeries including shorter hospital stays and faster recoveries times post-surgery . This is likely to boost demand for lumbarinter body Fusion Cage products in future years..
Scope Of The Report
Report Attributes
Report Details
Report Title
Lumbar Interbody Fusion Cages Market Research Report
By Type
Posterior Lumbar Interbody Fusion Cage, Terior Lumbar Interbody Fusion Cage
By Application
Hospital, Clinical
By Companies
Amedica Corporation (SINT), Alphatec Spine, Life Spine, BM Korea, Globus Medical, Spineway, LDR Medical, Spineart, Depuy Synthes, Zimmer, Biomet
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Lumbar Interbody Fusion Cages Market Report Segments:
The global Lumbar Interbody Fusion Cages market is segmented on the basis of:
Types
Posterior Lumbar Interbody Fusion Cage, Terior Lumbar Interbody Fusion Cage
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
Hospital, Clinical
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:
- Amedica Corporation (SINT)
- Alphatec Spine
- Life Spine
- BM Korea
- Globus Medical
- Spineway
- LDR Medical
- Spineart
- Depuy Synthes
- Zimmer
- Biomet
Highlights of The Lumbar Interbody Fusion Cages 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:
- Posterior Lumbar Interbody Fusion Cage
- Terior Lumbar Interbody Fusion Cage
- By Application:
- Hospital
- Clinical
- 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 Lumbar Interbody Fusion Cages 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?
Lumbar interbody fusion cages are a type of medical device used to fuse two or more vertebrae in the lower back. This procedure is often used to treat conditions such as spinal cord compression, disc herniation, and lumbar stenosis.
Some of the major companies in the lumbar interbody fusion cages market are Amedica Corporation (SINT), Alphatec Spine, Life Spine, BM Korea, Globus Medical, Spineway, LDR Medical, Spineart, Depuy Synthes, Zimmer, Biomet.
The lumbar interbody fusion cages market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lumbar Interbody Fusion Cages Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lumbar Interbody Fusion Cages Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lumbar Interbody Fusion Cages Market - Supply Chain
4.5. Global Lumbar Interbody Fusion Cages Market Forecast
4.5.1. Lumbar Interbody Fusion Cages Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lumbar Interbody Fusion Cages Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lumbar Interbody Fusion Cages Market Absolute $ Opportunity
5. Global Lumbar Interbody Fusion Cages Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Type
5.3.1. Posterior Lumbar Interbody Fusion Cage
5.3.2. Terior Lumbar Interbody Fusion Cage
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lumbar Interbody Fusion Cages Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Clinical
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lumbar Interbody Fusion Cages Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lumbar Interbody Fusion Cages Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lumbar Interbody Fusion Cages Demand Share Forecast, 2019-2026
9. North America Lumbar Interbody Fusion Cages Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Clinical
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Type
9.7.1. Posterior Lumbar Interbody Fusion Cage
9.7.2. Terior Lumbar Interbody Fusion Cage
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lumbar Interbody Fusion Cages Demand Share Forecast, 2019-2026
10. Latin America Lumbar Interbody Fusion Cages Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Clinical
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Type
10.7.1. Posterior Lumbar Interbody Fusion Cage
10.7.2. Terior Lumbar Interbody Fusion Cage
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lumbar Interbody Fusion Cages Demand Share Forecast, 2019-2026
11. Europe Lumbar Interbody Fusion Cages Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Clinical
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Type
11.7.1. Posterior Lumbar Interbody Fusion Cage
11.7.2. Terior Lumbar Interbody Fusion Cage
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lumbar Interbody Fusion Cages Demand Share, 2019-2026
12. Asia Pacific Lumbar Interbody Fusion Cages Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Clinical
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Type
12.7.1. Posterior Lumbar Interbody Fusion Cage
12.7.2. Terior Lumbar Interbody Fusion Cage
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lumbar Interbody Fusion Cages Demand Share, 2019-2026
13. Middle East & Africa Lumbar Interbody Fusion Cages Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lumbar Interbody Fusion Cages Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Clinical
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lumbar Interbody Fusion Cages Market Size and Volume Forecast by Type
13.7.1. Posterior Lumbar Interbody Fusion Cage
13.7.2. Terior Lumbar Interbody Fusion Cage
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lumbar Interbody Fusion Cages Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lumbar Interbody Fusion Cages Market: Market Share Analysis
14.2. Lumbar Interbody Fusion Cages Distributors and Customers
14.3. Lumbar Interbody Fusion Cages Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Amedica Corporation (SINT)
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Alphatec Spine
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Life Spine
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BM Korea
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Globus Medical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Spineway
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LDR Medical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Spineart
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Depuy Synthes
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Zimmer
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Biomet
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
