The report, "Spinal Implant Market", assesses the global and regional market based on product type, application and material as well as surgery type and location. This comprehensive report gives a detailed historical and future market analysis with trend analysis. This report outlines the competitive analysis, strategic imperatives as well as growth avenues and competition assessment for all the players involved in the spinal implant market.
Market Overview, and Dynamics
Over the forecast period 2022-2028, the spinal implant market is expected to increase at a rate of about 5%. Market growth can be driven by growing spinal disorders, technological advancements, and the desire to provide minimally invasive treatment.
Recent years have seen a dramatic increase in spinal disorder cases around the globe, which has increased the demand for spine implants. According to WHO, 250,000 to 500,000 people experience a spinal cord injury (SCI) each year. This reflects the high demand for spine implants. Another important factor in driving demand for spinal implants globally is the rising adoption of minimally invasive therapy.
The global market for spinal implant markets was valued at US$ 11-12 Billion in 2021. By 2028, it is expected to exceed US$ 16 Billion.
In addition, advanced technology has been incorporated into orthopedics, resulting in innovative products being launched in the sub-segment of the spine. This has increased the market size for spinal implants. To ease the treatment of spinal disorders, the industry is focusing on the creation of new products. Spine Wave Inc. launched a 3D Titanium lumbar Interbody device with advanced technology and features, in March 2021.
• According to the type of surgery, open surgery holds the largest share. However, minimally invasive surgery will grow at the fastest rate during the forecast period (2022-2028).
• According to the application, the market share for the lumbar segment was substantial in 2021, owing to an increased incidence of lumbar generative disc disease.
• Because of the high number of spinal conditions and high use of minimally invasive procedures, North America is likely to dominate the global spine implant market. Every year, approximately 17500 new cases are reported in the US of spinal cord injuries (SCI).

Competition Analysis: Medtronic PLC held the prominent market share in 2021
The global spinal implant market is characterized by the presence of a significant number of manufacturers. Nevertheless, leading global players (such as Medtronic plc, DePuy Synthes (Johnson & Johnson), Stryker Corp., NuVasive Inc., B. Braun Melsungen AG, Zimmer Biomet, Globus Medical Inc.) dominate the spinal implant market with more than 75% share. Leading industry players are making significant investments to gain a competitive edge over other players and as well as increase market share in the market space. Key developments observed in recent years include
• In October 2021, the US FDA has granted Breakthrough Device Designation to the VCFix spinal system developed by the Amber Implants.
• In June 2021, eCential Robotics announced a long-term partnership with ChoiceSpine LLC to enhance robotics spine implant surgery.
• In January 2020, Medtronic plc announced the acquisition of US-based Stimgenics LLC – a privately held company that has pioneered a novel spinal cord stimulation (SCS) waveform.
RationalStat has segmented the global spinal implant market on the basis of product type, application, material, surgery type, and region
• By Product Type
o Spinal Fusion Implants
 Plates
 Cages
 Rods
 Screws
 Intervertebral Body Fusion Device (IBFD)
o Spinal Non-fusion Implants
 Dynamic Stabilization Devices
 Artificial Discs
• Cervical
• Lumbar
 Annulus Repair Devices
 Others (Nuclear Disc Prostheses etc.)
• By Application
o Cervical
o Thoracic
o Lumbar
• By Material
o Stainless Steel
o Titanium
o Polyetheretherketone (PEEK)
o Others (Cobalt Chrome)
• By Surgery Type
o Open Spine Surgery
o Minimally Invasive Spine Surgery
• By Region
o North America
 US
 Canada
o Latin America
 Brazil
 Mexico
 Rest of Latin America
o Western Europe
 Germany
 UK
 France
 Spain
 Italy
 Benelux
 Nordic
 Rest of Western Europe
o Eastern Europe
 Russia
 Poland
 Rest of Eastern Europe
o Asia Pacific
 China
 Japan
 India
 South Korea
 Australia
 ASEAN (Indonesia, Vietnam, Malaysia, etc.)
 Rest of Asia Pacific
o Middle East & Africa
 GCC
 South Africa
 Turkey
 Rest of the Middle East & Africa
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