Categories
Pharmaceutical

Demand for Spine Devices Products is Anticipated to Rise at a CAGR Value of 4.5% by 2032 End

250 Pages Spinal Devices Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

According to Fact MR’s recent market research, sales of Spinal Devices to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

Focus on improving overall patient care will remain a chief growth driver. Besides this, Spinal Devices market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.

To remain ‘ahead’ of your competitors, request for a sample –  https://www.factmr.com/connectus/sample?flag=S&rep_id=259

To offer an in-depth overview, the report provides sales projections for over 20 countries. It also identifies segments exhibiting maximum growth.

Digital Transformation in Healthcare Presenting Opportunities for Spinal Devices Market Growth

Healthcare organizations around the world are deploying digital tools to accommodating changing consumer preferences. They are pressing on solving the long-standing challenge pertaining to care model innovation.

Considering this, the focus on making healthcare affordable and more transparent will increase. Adoption of care model innovation in healthcare will have a profound impact on the Spinal Devices market.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Spinal Devices market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Spinal Devices

Spine devices market regional analysis by Fact.MR

Need more information about Report Methodology? Click here-  https://www.factmr.com/connectus/sample?flag=RM&rep_id=259

The report offers actionable and valuable market insights of Spinal Devices. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Spinal Devices Market across various industries and regions.

This newly published and insightful report sheds light on Market Insights of Spinal Devices, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Spinal Devices Market.

Sales revenue from the global spine devices market was recorded at US$ 11 Bn in 2020, and is predicted to increase 1.5X by the end of the decade. These findings are from a revised analysis performed by Fact.MR, a market research and competitive intelligence provider. Demand for spine products is anticipated to rise at a CAGR of 4.5% through 2031.

Analysts have reported that the spine devices industry accounted for a little more than 2.5% share of the global medical devices market, which was valued at around US$ 430 Bn in 2020. Manufacturers are working on developing advanced spine fixation devices that would reduce the complexity in spinal surgery procedures.

Global Market Value in 2020 US$ 11 Bn
Forecasted Market Value for 2031 US$ 17 Bn
CAGR (2021-2031) 4.5%
Dominant Market North America

Full Access of this Exclusive Report is Available at-  https://www.factmr.com/checkout/259

Key Segments Covered in Spine Devices Industry Survey

·         By Product:

    • Spinal Rods
    • Spinal Screws
    • Spinal Hooks
    • Spinal Plates
    • Spinal Cages
    • Spinal Spacers
    • Motion Preservation Devices
    • Total Disc Replacement

·         By End User:

    • Use of Spine Devices in Hospitals
    • Use of Spine Devices in Orthopaedic Clinics
    • Use of Spine Devices in ASCs

Competitive Landscape

Leading players in the spine devices market are focusing on developing new devices to reduce the complexity of spinal procedures. The focus is on developing new and advanced devices that are more precise and efficient.

  • A spine technology company, Spinal Elements, in September 2021, announced the commercial launch of its two Luna XD and Orbit Systems. These products are part of the company’s newest technology range in the MIS Ultra platform, which also has procedural solutions as well.
  • A leading medical device company, Centinel Spine LLC, in September 2021, announced the launch of new endplate implants. This would expand the variety of options to choose from for patients as well as medical professionals. Demand for spinal implants and devices is expected to drive such launches by different players operating in the market.
  • In the first week of October 2021, Medtronic, a leading name in the medical device industry, announced the launch of three new devices to its spinal devices portfolio. They will be a part of the minimally invasive spinal ecosystem that the company is building.

In the past decade, the healthcare industry has changed exponentially, and this is majorly attributed to advancements in the technology of medical devices and procedures. The world has seen an increase in demand for healthcare as the prevalence of diseases increases and the need for better healthcare rises.

Spine injuries and spinal disorders have also seen a steady rise over the past decade. This has also created an increase in demand for spinal procedures, which is driving demand for spine devices.  However, complexity of spine procedures and treatment is a major factor that restricts demand. Manufacturers are working towards developing solutions that would be simpler in nature and take very less time for the patient to recover.

Minimally invasive approach is the one that is being researched at scale since it is very convenient for patients, causes less discomfort & pain, and recovery after the procedure is much faster than the traditional approach. Key players are investing in the development of advanced technologies to enhance the quality of spinal procedures.

Key Takeaways from Market Study

  • Sales revenue from spine devices predicted to be worth US$ 17 Bn by end of decade.
  • Demand for spine devices expected to progress at a stable CAGR of 4.5% through 2031.
  • U.S. expected to be most lucrative market in the world.
  • Global spine devices market worth around US$ 11 Bn in 2020.
  • U.K. and Germany expected to be lucrative markets for spine devices in European region.
  • APAC market slated to rise at fastest CAGR through 2031.
  • Increasing incidence of spinal injuries, rising prevalence of spinal disorders, robust research & development in spine treatment procedures, and rising geriatric population driving industry expansion.

“Research & development of new and advanced spine devices is anticipated to be the most crucial aspect that would shape the market over the next ten years,” says a Fact.MR analyst.

Read More Trending Reports of Fact.MR-

https://www.biospace.com/article/demand-for-tricuspid-valve-repair-rising-as-congenital-and-rheumatoid-heart-disease-cases-increase-fact-mr/

Report Benefits & Key Questions Answered

  • Spinal Devices Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
  • Spinal Devices Historical volume analysis: The report provides a comparison of Spinal Devices’s historical sales and projected sales performance for 2021-2031.
  • Spinal Devices Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Spinal Devices market. It carefully gauges the impact of changing healthcare needs of key demographics globally
  • Spinal Devices Consumption by demographics: The report investigates consumer behavior affecting Spinal Devices demand outlook for the assessment period. Effect of their keenness for digital trends on Spinal Devices market is carefully analyzed
  • Post COVID consumer spending on Spinal Devices: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Spinal Devices market growth.

More Valuable Insights on Spinal Devices Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Spinal Devices, Sales and Demand of Spinal Devices, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

Explore Fact.MR’s Comprehensive Coverage on Healthcare Domain:

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Email: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Categories
Business News

Demand For Spine Products Is Anticipated To Rise At A CAGR Of 4.5% Through 2031

reliable data on various key factors shaping the growth curve & outlook of Spine Devices market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.

The Market survey of Spine Devices offers a comprehensive analysis of diverse features, including production capacities analysis of Spine Devices, demand, product developments, revenue generation, and Size of Spine Devices Market across the globe.

The Demand analysis of Spine Devices Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Spine Devices Market across the globe.

Click Here To get a Sample Report (Including Full TOC, Table & Figures):-

https://www.factmr.com/connectus/sample?flag=S&rep_id=259

Market Taxonomy

Product Spinal RodsSpinal ScrewsSpinal HooksSpinal PlatesSpinal CagesSpinal SpacersMotion Preservation DevicesTotal Disc Replacement
End User HospitalsOrthopedic ClinicsASCs

A comprehensive estimate of the Spine Devices market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of Spine Devices during the forecast period. Price point comparison by region with the global average price is also considered in the study.

Need More information about Report Methodology? Click here:-

https://www.factmr.com/connectus/sample?flag=RM&rep_id=259

Some Notable Offerings by Fact.MR Report on Spine Devices market:

  • We will provide you an analysis of the extent to which this Spine Devices market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
  • We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
  • Also, this report will help you to identify any trends to forecast growth rates.
  • The analyzed report will forecast the general tendency for supply and demand.

Some of the Spine Devices Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides: 

  • Details regarding latest innovations and development in Spine Devices and how it is gaining customer traction during the forecast period.
  • Analysis about the customer demand of the products and how it is likely to evolve in coming years.
  • Latest regulations enforced by government bodies and local agencies and their impact on Demand of Spine Devices Market .
  • Insights about adoption of new technologies and its influence on the Spine Devices market Size.
  • Overview of the impact of COVID-19 on Spine Devices Market and economic disruptions caused by the pandemic.
  • Evaluates post-pandemic impact on the Sales of Spine Devices Market during the forecast period.

To get all-in insights on the regional landscape of the Spine Devices Market, buy now:-

https://www.factmr.com/checkout/259

The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Market Insights of Spine Devices.

Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.

After reading the Market insights of Spine Devices Report, readers can:

  • Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
  • Analyze key regions holding significant share of total Spine Devices market revenue.
  • Study the growth outlook of Spine Devices market scenario, including production, consumption, history and forecast.
  • Learn consumption pattern and impact of each end use & supply side analysis of Spine Devices market.
  • Investigate the recent R&D projects performed by each market player & competitive analysis of Spine Devices Market Players.

How Fact.MR Assists in Making Strategic Moves For Spine Devices Market Manufacturer?

  • The data provided in the Spine Devices market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
  • The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

Watch Trending Video on Spine Devices Industry Survey Report by Fact.MR – https://www.youtube.com/watch?v=ItwHQrt-vmY

About Fact.MR:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

 Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Categories
Pharmaceutical

Demand For Spine Products Is Anticipated To Rise At A CAGR Of 4.5% Through 2031

The latest research report published by Fact.MR on the Survey of Spine Devices Market is intended to offer reliable data on various key factors shaping the growth curve & outlook of Spine Devices market. This report works as a rich source of information for key entities such as policy makers, end-use industries, investors, and opinion leaders.

The Demand analysis of Spine Devices Market offers a comprehensive analysis of diverse features, demand, product developments, revenue generation, and sales of Spine Devices Market across the globe.

Request Sample   https://www.factmr.com/connectus/sample?flag=S&rep_id=259

Key Segments Covered in Spine Devices Industry Survey

  • By Product:
    • Spinal Rods
    • Spinal Screws
    • Spinal Hooks
    • Spinal Plates
    • Spinal Cages
    • Spinal Spacers
    • Motion Preservation Devices
    • Total Disc Replacement
  • By End User:
    • Use of Spine Devices in Hospitals
    • Use of Spine Devices in Orthopaedic Clinics
    • Use of Spine Devices in ASCs

Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.

The Market survey of Spine Devices offers a comprehensive analysis of diverse features, including production capacities analysis of Spine Devices, demand, product developments, revenue generation, and Size of Spine Devices Market across the globe.

Request Customization https://www.factmr.com/connectus/sample?flag=RC&rep_id=259

Some Notable Offerings by Fact.MR Report on Spine Devices market:

  • We will provide you an analysis of the extent to which this Spine Devices market research report acquires commercial characteristics along with examples or instances of information that helps you to understand it better.
  • We will also help to identify customary/ standard terms and conditions, as offers, worthiness, warranty, and others.
  • Also, this report will help you to identify any trends to forecast growth rates.
  • The analyzed report will forecast the general tendency for supply and demand.

Some of the Spine Devices Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides: 

  • Details regarding latest innovations and development in Spine Devices and how it is gaining customer traction during the forecast period.
  • Analysis about the customer demand of the products and how it is likely to evolve in coming years.
  • Latest regulations enforced by government bodies and local agencies and their impact on Demand of Spine Devices Market .
  • Insights about adoption of new technologies and its influence on the Spine Devices market Size.
  • Overview of the impact of COVID-19 on Spine Devices Market and economic disruptions caused by the pandemic.
  • Evaluates post-pandemic impact on the Sales of Spine Devices Market during the forecast period.

Buy Now  https://www.factmr.com/checkout/259

After reading the Market insights of Spine Devices Report, readers can:

  • Understand the drivers, restraints, opportunities and trends affecting the Sales of market.
  • Analyze key regions holding significant share of total Spine Devices market revenue.
  • Study the growth outlook of Spine Devices market scenario, including production, consumption, history and forecast.
  • Learn consumption pattern and impact of each end use & supply side analysis of Spine Devices market.
  • Investigate the recent R&D projects performed by each market player & competitive analysis of Spine Devices Market Players.

How Fact.MR Assists in Making Strategic Moves For Spine Devices Market Manufacturer?

  • The data provided in the Spine Devices market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
  • The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

For More Insights  –https://www.biospace.com/article/rising-preference-of-electrical-pulse-as-opposed-to-drug-based-intervention-will-boost-growth-of-bioelectric-medicine-market-fact-mr/

About Fact.MR:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

 Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Categories
Pharmaceutical

Demand for Spine Products is anticipated to rise at a CAGR of 4.5% through 2031

A recent study by Fact.MR on the spine devices market offers a 10-year forecast for 2022 to 2031. The study analyzes crucial trends that are currently determining the growth of the market. This report explicates on vital dynamics, such as the drivers, restraints, and opportunities for key market players along with key stakeholders as well as emerging players associated with the development of spine devices.

The analysts have used numerous industry-wide prominent business intelligence tools to consolidate facts, figures, and market data into revenue estimations and projections in the Market Insights of Spine Devices.

Key stakeholders in Market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.

Click Here To get a Sample Report (Including Full TOC, Table & Figures):-https://www.factmr.com/connectus/sample?flag=S&rep_id=259

Key Segments Covered in Spine Devices Industry Survey

  • By Product:

    • Spinal Rods
    • Spinal Screws
    • Spinal Hooks
    • Spinal Plates
    • Spinal Cages
    • Spinal Spacers
    • Motion Preservation Devices
    • Total Disc Replacement
  • By End User:

    • Use of Spine Devices in Hospitals
    • Use of Spine Devices in Orthopaedic Clinics
    • Use of Spine Devices in ASCs

A comprehensive estimate of the Spine Devices market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the Sales of Spine Devices during the forecast period. Price point comparison by region with the global average price is also considered in the study.

The Market survey of Spine Devices offers a comprehensive analysis of diverse features, including production capacities analysis of Spine Devices, demand, product developments, revenue generation, and Size of Spine Devices Market across the globe.

Need More information about Report Methodology? Click here:-https://www.factmr.com/connectus/sample?flag=RM&rep_id=259

Some of the Spine Devices Market insights and estimations that make this study unique in approach and effective in guiding stakeholders in understanding the growth dynamics. The study provides: 

  • Details regarding latest innovations and development in Spine Devices and how it is gaining customer traction during the forecast period.
  • Analysis about the customer demand of the products and how it is likely to evolve in coming years.
  • Latest regulations enforced by government bodies and local agencies and their impact on Demand of Spine Devices Market .
  • Insights about adoption of new technologies and its influence on the Spine Devices market Size.
  • Overview of the impact of COVID-19 on Spine Devices Market and economic disruptions caused by the pandemic.
  • Evaluates post-pandemic impact on the Sales of Spine Devices Market during the forecast period.

To get all-in insights on the regional landscape of the Spine Devices Market, buy now:-https://www.factmr.com/checkout/259

Competitive Landscape

Leading players in the spine devices market are focusing on developing new devices to reduce the complexity of spinal procedures. The focus is on developing new and advanced devices that are more precise and efficient.

  • A spine technology company, Spinal Elements, in September 2021, announced the commercial launch of its two Luna XD and Orbit Systems. These products are part of the company’s newest technology range in the MIS Ultra platform, which also has procedural solutions as well.
  • A leading medical device company, Centinel Spine LLC, in September 2021, announced the launch of new endplate implants. This would expand the variety of options to choose from for patients as well as medical professionals. Demand for spinal implants and devices is expected to drive such launches by different players operating in the market.
  • In the first week of October 2021, Medtronic, a leading name in the medical device industry, announced the launch of three new devices to its spinal devices portfolio. They will be a part of the minimally invasive spinal ecosystem that the company is building.

How Fact.MR Assists in Making Strategic Moves For Spine Devices Market Manufacturer?

  • The data provided in the Spine Devices market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.
  • The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

 

For More Insights from Fact.MR :-MarketNgage – https://www.youtube.com/watch?v=eJwgHnzdRSs

About Fact.MR:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

 Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates

Categories
Pharmaceutical

Demand for Spine Devices Products is Anticipated to Rise at a CAGR Value of 4.5% by 2031 End

250 Pages Spinal Devices Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

According to Fact MR’s recent market research, sales of Spinal Devices to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

Focus on improving overall patient care will remain a chief growth driver. Besides this, Spinal Devices market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.

To remain ‘ahead’ of your competitors, request for a sample –  https://www.factmr.com/connectus/sample?flag=S&rep_id=259

To offer an in-depth overview, the report provides sales projections for over 20 countries. It also identifies segments exhibiting maximum growth.

Digital Transformation in Healthcare Presenting Opportunities for Spinal Devices Market Growth

Healthcare organizations around the world are deploying digital tools to accommodating changing consumer preferences. They are pressing on solving the long-standing challenge pertaining to care model innovation.

Considering this, the focus on making healthcare affordable and more transparent will increase. Adoption of care model innovation in healthcare will have a profound impact on the Spinal Devices market.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Spinal Devices market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Spinal Devices

Spine devices market regional analysis by Fact.MR

Need more information about Report Methodology? Click here-  https://www.factmr.com/connectus/sample?flag=RM&rep_id=259

The report offers actionable and valuable market insights of Spinal Devices. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Spinal Devices Market across various industries and regions.

This newly published and insightful report sheds light on Market Insights of Spinal Devices, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Spinal Devices Market.

Market Snapshot

Sales revenue from the global spine devices market was recorded at US$ 11 Bn in 2020, and is predicted to increase 1.5X by the end of the decade. These findings are from a revised analysis performed by Fact.MR, a market research and competitive intelligence provider. Demand for spine products is anticipated to rise at a CAGR of 4.5% through 2031.

Analysts have reported that the spine devices industry accounted for a little more than 2.5% share of the global medical devices market, which was valued at around US$ 430 Bn in 2020. Manufacturers are working on developing advanced spine fixation devices that would reduce the complexity in spinal surgery procedures.

Global Market Value in 2020 US$ 11 Bn
Forecasted Market Value for 2031 US$ 17 Bn
CAGR (2021-2031) 4.5%
Dominant Market North America

Full Access of this Exclusive Report is Available at-  https://www.factmr.com/checkout/259

Key Segments Covered in Spine Devices Industry Survey

·         By Product:

    • Spinal Rods
    • Spinal Screws
    • Spinal Hooks
    • Spinal Plates
    • Spinal Cages
    • Spinal Spacers
    • Motion Preservation Devices
    • Total Disc Replacement

·         By End User:

    • Use of Spine Devices in Hospitals
    • Use of Spine Devices in Orthopaedic Clinics
    • Use of Spine Devices in ASCs

Competitive Landscape

Leading players in the spine devices market are focusing on developing new devices to reduce the complexity of spinal procedures. The focus is on developing new and advanced devices that are more precise and efficient.

  • A spine technology company, Spinal Elements, in September 2021, announced the commercial launch of its two Luna XD and Orbit Systems. These products are part of the company’s newest technology range in the MIS Ultra platform, which also has procedural solutions as well.
  • A leading medical device company, Centinel Spine LLC, in September 2021, announced the launch of new endplate implants. This would expand the variety of options to choose from for patients as well as medical professionals. Demand for spinal implants and devices is expected to drive such launches by different players operating in the market.
  • In the first week of October 2021, Medtronic, a leading name in the medical device industry, announced the launch of three new devices to its spinal devices portfolio. They will be a part of the minimally invasive spinal ecosystem that the company is building.

In the past decade, the healthcare industry has changed exponentially, and this is majorly attributed to advancements in the technology of medical devices and procedures. The world has seen an increase in demand for healthcare as the prevalence of diseases increases and the need for better healthcare rises.

Spine injuries and spinal disorders have also seen a steady rise over the past decade. This has also created an increase in demand for spinal procedures, which is driving demand for spine devices.  However, complexity of spine procedures and treatment is a major factor that restricts demand. Manufacturers are working towards developing solutions that would be simpler in nature and take very less time for the patient to recover.

Minimally invasive approach is the one that is being researched at scale since it is very convenient for patients, causes less discomfort & pain, and recovery after the procedure is much faster than the traditional approach. Key players are investing in the development of advanced technologies to enhance the quality of spinal procedures.

Key Takeaways from Market Study

  • Sales revenue from spine devices predicted to be worth US$ 17 Bn by end of decade.
  • Demand for spine devices expected to progress at a stable CAGR of 4.5% through 2031.
  • U.S. expected to be most lucrative market in the world.
  • Global spine devices market worth around US$ 11 Bn in 2020.
  • U.K. and Germany expected to be lucrative markets for spine devices in European region.
  • APAC market slated to rise at fastest CAGR through 2031.
  • Increasing incidence of spinal injuries, rising prevalence of spinal disorders, robust research & development in spine treatment procedures, and rising geriatric population driving industry expansion.

“Research & development of new and advanced spine devices is anticipated to be the most crucial aspect that would shape the market over the next ten years,” says a Fact.MR analyst.

Read More Trending Reports of Fact.MR-

https://www.biospace.com/article/demand-for-tricuspid-valve-repair-rising-as-congenital-and-rheumatoid-heart-disease-cases-increase-fact-mr/

Report Benefits & Key Questions Answered

  • Spinal Devices Category and segment level analysis: Fact MR provides a detailed analysis of the factors influencing sales growth across key segments. It highlights key growth drivers and provides useful information for identifying sales prospects at the regional and local level.
  • Spinal Devices Historical volume analysis: The report provides a comparison of Spinal Devices’s historical sales and projected sales performance for 2021-2031.
  • Spinal Devices Manufacturing trend analysis: The report offers a detailed analysis of manufacturing trends in the Spinal Devices market. It carefully gauges the impact of changing healthcare needs of key demographics globally
  • Spinal Devices Consumption by demographics: The report investigates consumer behavior affecting Spinal Devices demand outlook for the assessment period. Effect of their keenness for digital trends on Spinal Devices market is carefully analyzed
  • Post COVID consumer spending on Spinal Devices: Healthcare industry has been largely influenced by COVID-19 pandemic. The Fact MR Market survey analyzed consumer spending post COVID-19. It assesses how current trends that will influence expenditure on healthcare services, thus affecting Spinal Devices market growth.

More Valuable Insights on Spinal Devices Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Spinal Devices, Sales and Demand of Spinal Devices, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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Pharmaceutical

Spine Devices Market is projected to reach US$ 8,348.2 Million revenue by the end of 2022

Low back pain is becoming a very common health problem across the globe. Affecting people of all ages from children to elderly, low back pain can be acute or chronic. The prevalence of spine disease is also on a rise due to increasing aging population, changing lifestyle, constant stress, acute or repetitive injuries and various other conditions. There has been a drastic change in spine surgery, with the robotic spine surgery currently being offered by few healthcare providers, giving patients improved outcome than the traditional surgical procedure.

Manufacturers are also focusing on developing minimally invasive devices. As the less invasive procedure can result in lower pain score and lead to quick recovery time. Surgeons around the world are also focusing on endoscopic techniques leading to less invasive spine care, hence, new technologies are being developed to simplify technically complex procedures. Spine device market manufacturers are also working towards offering better spinal imaging technology for sharper images. Effective in chronic pain conditions, spinal cord stimulation therapy is on a rise, hence, manufacturers are developing spinal cord stimulator devices that can reduce the risk of thermal tissue damage and are compatible with MRI.

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Hospitals to Witness Maximum Revenue Share

Hospitals are expected to form as strong customer base in the spine devices market as compared to orthopedic clinics. Towards the end of 2017, hospitals are anticipated to account for over two-third revenue share of spine devices market. Hospitals as end users are projected to reach close to US$ 5,700 million by the end of 2022. Increasing number of spinal surgeries performed at hospitals is one of the factors driving expansion of spine devices market.

global spine devices market

Companies are also working on stem cell technology and its use in the spine. According to the latest report by Fact.MR, the global spine devices market is expected to witness massive growth, registering 7.1% CAGR during the forecast period, 2017 to 2022. Owing to an aging population, occupational posture, obesity, etc., spinal diseases are growing rapidly. Hence, spine surgery has also undergone a significant change, with new spine devices being developed to decompress and stabilize the spine. Following insights show how the global spine devices market will perform in the next five years.

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Key Insights on Global Spine Devices Market

1. North America is projected to remain dominant in the global spine devices market throughout the forecast period from 2017 to 2022. The market is anticipated to witness the robust growth, reaching close to US$ 2,900 million revenues by the end of 2022. Owing to the availability of healthcare infrastructure and increase in investment by the government to improve healthcare across the region, North America is expected to emerge as the biggest market for spine devices.

2. Asia Pacific Excluding Japan (APEJ) spine devices market is expected to experience impressive growth through 2022. The rise in a number of accidents resulting in spine injury, improving lifestyle and an aging population are some of the factors boosting the growth of APEJ spine devices market.

3. Spinal plates will emerge as one of the most-preferred spine devices. Towards the end of 2017, Spinal plates are projected to gain nearly one-fourth of the revenue share. Meanwhile, spinal screws will also witness healthy growth, reaching nearly US$ 1,500 million revenue by 2022 end.

4. Compared to orthopedic clinics as the end user of spine devices, hospitals will emerge as the biggest users of spine devices. Towards the end of 2022, Hospitals as the end user are projected to surpass US$ 5,600 million revenue. Hospitals are also expected to account for more than two-third revenue share on global revenues by the end of 2017.

Get More Insights-https://www.prnewswire.com/news-releases/us-3-billion-opportunity-emerging-in-spine-devices-market-fact-mr-study-894181246.html

The report has also profiled leading players in the global market for spine devices, which will remain active through 2022. These include companies such as NuVasive, Inc., Exactech, Inc., DePuy Synthes, Braun Melsungen AG., Amedica Corporation, Arthrocare, K2M Group Holding, Inc., Medtronic Plc., Zimmer Biomet Holdings, Inc., and Stryker Corporation.

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Research Insight: https://www.factmr.com/report/259/spine-devices-market
Press Release: https://www.factmr.com/media-release/248/spine-devices-market

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