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    Spinal Implants And Surgical Devices Market Report

    Spinal Implants And Surgical Devices Market Report
    Report code - SRHL314 Delivery - 2 Weeks
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    Global Spinal Implants and Surgical Devices Market, Trends, Dynamics, and Market Analysis
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    Impact of COVID-19 on Spinal Implants And Surgical Devices Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Spinal Implants And Surgical Devices Market

    Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Market Insights

    The Global Spinal Implants and Surgical Devices Market is estimated to grow from USD 10.7 billion in 2020 to USD 14.1 billion by 2026 at a healthy CAGR of 4.8% during the forecast period.

    Figure: Global Spinal Implants and Surgical Devices Market Size, 2020-2026 (USD Billion)

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    What are Spinal Implants and Surgical Devices?

    Spinal Implants are defined as medical devices used during surgery to treat deformity, strengthen the spine, and facilitate fusion. Spinal implants are used to treat various disorders such as scoliosis, spondylolisthesis, degenerative disc disease, kyphosis, and fracture. Fusion and non-fusion plants are used to treat spinal disorders.

    Key Players

    Key players operating in the global Spinal Implants and Surgical Devices market are-

    • DePuy Synthes (The U.S),
    • Medtronic plc (Ireland),
    • Stryker Corporation (The U.S),
    • Zimmer Biomet (The U.S),
    • Pioneer Surgical (The U.S),
    • Globus Medical, Inc. (The U.S),
    • NuVasive. Inc (The U.S),
    • Orthofix Holdings, Inc. (The U.S),
    • Integra LifeSciences Corporation (The U.S),
    • Paragon Medical, Inc. (The U.S),
    • X·spine Systems, Inc. (The U.S),
    • Marox Corporation (The U.S), and
    • Spine Wave, Inc. (The U.S).

    Market Dynamics

    The global market growth is primarily driven by increasing incidences of spinal disorders across geographies.

    • Increasing demand for minimally invasive surgeries is driving the growth of spinal implants and surgical devices market significantly.
    • Growing demand for advanced technologies in surgical procedures is likely to create lucrative opportunities for the market players over the forecast period.
    • However, high spinal surgery costs are likely to hamper the growth of the spinal implants and surgical devices market.

    Segment Analysis

    Product Trends

    Based on product, the market has been divided into thoracic fusion and lumbar fusion devices, cervical fusion devices, vertebral compression fracture treatment devices, spinal biologics, spinal decompression, non-fusion devices, and spine bone stimulators.

    The thoracic fusion and lumbar fusion devices segment accounted for the largest market share in 2020. The segment growth can be attributed to its rising incidences of lumbar degenerative disc disease.

    Regional Trends

    The market in North America accounted for largest share in 2020.

    • The regional market growth can be attributed to increasing incidences spinal disorders. Additionally, presence of established healthcare infrastructure and key market players such as Stryker Corporation (The U.S), and Zimmer Biomet (The U.S) is likely to add to the market growth substantially.
    • The market in Asia-Pacific region is projected to register fastest growth rate on account of increasing awareness about spinal disorders and increasing investment in healthcare infrastructure.

    COVID-19 Impact on Global Spinal Implants and Surgical Devices Market

    The covid-19 outbreak posed significant challenges to the health care system across geographies. It affected the growth of the spinal implants and surgical devices market negatively as patients postponed their treatment due to a rapid surge in covid-19 cases across geographies. Also, supply chain disruptions due to the imposition of lockdown affected the market growth further.

    Critical Questions Answered in the report -

    • What are the key trends in the global Spinal Implants and Surgical Devices market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
    • What is the impact of COVID-19 on the global Spinal Implants and Surgical Devices market?
    • What are the key strategies adopted by the major vendors to lead in the global Spinal Implants and Surgical Devices market?
    • What is the market share of the top vendors?

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    Target Audience

    • Spinal implants and surgical devices distributors
    • Spinal implants and surgical devices suppliers
    • Spinal implants and surgical devices manufacturers
    • Logistics organizations
    • Government bodies

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].

    Frequently Asked Questions (FAQs)

    The spinal implants and surgical devices market size is expected to reach USD 14.1 billion in the foreseeable future.

    DePuy Synthes (The U.S), Medtronic plc (Ireland), Stryker Corporation (The U.S), Zimmer Biomet (The U.S), Pioneer Surgical (The U.S), Globus Medical, Inc. (The U.S), NuVasive. Inc (The U.S), Orthofix Holdings, Inc. (The U.S), Integra LifeSciences Corporation (The U.S), Paragon Medical, Inc. (The U.S), Xspine Systems, Inc. (The U.S), Marox Corporation (The U.S) and Spine Wave, Inc. (The U.S) are among the key players in the spinal implants and surgical devices market.

    The spinal implants and surgical devices market is expected to witness an impressive growth of 4.8% CAGR in the spinal implants and surgical devices market.

    North America accounted for the largest share the spinal implants and surgical devices market in 2020.

    Asia-pacific is expected to register the fastest growth rate in the spinal implants and surgical devices market in the coming years.

    Spinal implants and surgical devices distributors, Spinal implants and surgical devices suppliers, Spinal implants and surgical devices manufacturers, Logistics organizations, Government bodies are the target audience in the spinal implants and surgical devices market.

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