Spinal implants are instruments used during a spinal surgery to help support fusion, stabilization, and maintaining the strength in spine. Spinal cord stimulators, screws, cages, rods, plates and hooks are some examples of Spinal Implant.
Rapidly growing population across globe and adoption of unhealthy lifestyle has become major contribution in target market growth. Adoption of sedentary lifestyle coupled with growing back pain disorders in an individual has further facilitated the demand for market growth. Furthermore, rising geriatric population across globe, increased obesity among older people and advancement in medical treatment is anticipated to increase the demand for Spinal Implant market growth over the forecast period.
Key Highlights:
- In October 2022, Kalamazoo medical technology company Stryker launched new spinal implant for spinal fusion surgery. The new ‘Monterey AL Interbody System’ is made with porous & solid structures and designed for anterior lumbar inter-body fusion surgery to stabilize a painful motion segment in lower back caused by spondylolisthesis.
Analyst View:
Growing prevalence of spinal illnesses and emergence of new age spine implant has provided lucrative opportunities in target market growth. The continuous progression in the development of new devices and technologies in implant have provided lucrative opportunities in Spinal Implant market growth.
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Key players:
- Stryker Corporation
- Benvenue Medical Inc.
- Zimmer Inc.
- CareFusion Corporation
- Alphatec Spine Inc.
- NuVasive Inc.
- Medtronic plc
- Globus Medical Inc.
- Orthofix International N.V.
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Key questions of Spinal Implant Market:
- Who are the major companies operating in the spinal implant market?
- What is the market share of these companies, and what strategies are they employing to maintain or expand their market presence?
- What are the current trends in spinal implant design and technology?
- Are there emerging materials or technologies that could disrupt the market?
- What is the patient demographic profile driving demand for spinal implants?
- How are factors like an aging population affecting the market, given the prevalence of spinal conditions in older individuals?
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