Interbody Spine Implants Market To Hit $2170.74 Million By 2027. 3D Technology To Create Market Buzz – Arizton

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Interbody Spinal Implants Market was valued at USD 1849.30 Million in 2021 to reach USD 2170.74 Million in 2027.

Chicago, Feb. 22 28, 2022 (GLOBE NEWSWIRE) — According to Arizton’s latest research report, Interbody Spinal Implant Market, North America is expected to lead the industry due to relatively higher penetration of spinal implants than other regions and the high volume of spinal fusion and non-fusion surgeries.

Spine interbody implants Scope of the market report

Report cover

Details

Growth rate from 2021 to 2027

2.71%

The biggest market

North America

fastest market

APAC

base year

2021

Forecast period

2022-2027

Segments Covered

Product type, material, end user and geography

Main suppliers

Globus Medical, Johnson & Johnson, Medtronic, NuVasive, Stryker and Zimmer Biomet

Geographical analysis

5 regions and 18 countries

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Key ideas:

  • The global interbody spinal implant market would achieve an absolute growth of more than 17.38% in terms of revenue between 2021 and 2027.

  • In 2021, North America accounted for a 63.15% revenue share in the global interbody spinal implant market. The regional market is expected to maintain its dominance over the forecast period and is expected to grow at a lower CAGR than APAC as it has matured.

  • The global interbody spinal implant market is witnessing various technological advancements and innovations. Among the latest technological advancements, 3D printing and custom-made spinal implants are rapidly becoming transformative technologies with a potentially wide range of applications in spine surgery.

  • The interbody spinal implant market continues to be one of the hottest areas for M&A activity across the MedTech industry. The market has seen significant acquisitions over the past decade. Such strategic acquisitions are likely to change the dynamics of the market and might even alter the market positions of major players over the forecast period.

  • Global market players are adopting acquisition strategies to stay competitive and expand their presence across geographies for higher market share. In addition, competition between Tier II and III players is high, with many regional and local players offering a diverse range of spinal implants with minimal product differentiation.

  • Among the product type segments, the lumbar segment dominates the global spinal interbody implant market, accounting for a share of 60.57%, followed by cervical with 39.43%.

Key offers:

  • Market Size and Forecast by Revenue | 2021−2027

  • Market Dynamics – Key Trends, Growth Drivers, Restraints and Investment Opportunities

  • Market Segmentation – A detailed analysis of product type, material, end user and geography

  • Competitive landscape – 6 key vendors and 24 other significant vendors

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Interbody spinal implants Market – Trends and Opportunities

In recent years, the market has witnessed the launch of several advanced and innovative spinal implants along with major changes in terms of product design, use of materials, and spine surgery techniques. The advent of 3D printing techniques in spine surgery has various uses such as the design of patient-specific spinal orthoses and the production of personalized spinal implants. 3D printing technology has been leveraged to fabricate interbody fusion devices. The material property of these interbody fusion devices plays a vital role in the long-term positive functional results, thus, 3D technology is gaining traction in the market.

Segmentation by product type

Segmentation by material

Segmentation by end users

Segmentation by geography

  • North America

  • APAC

    • Japan

    • China

    • India

    • South Korea

    • Australia

  • Europe

    • Germany

    • France

    • UK

    • Spain

    • Italy

  • Latin America

  • Middle East and Africa

    • Turkey

    • Saudi Arabia

    • South Africa

Key drivers and trends Fmarket growth:

  • The emergence of 3D printed and custom-made spinal implants

  • Growing demand for the use of biomaterials in spinal implants

  • New product launches in the interbody spinal implant market

  • Technological Advances in Spine Treatments

  • Growing demand for minimally invasive spine surgeries

Interbody spinal implants Marlet – Competitive landscape

More than 400 vendors in the market offer a wide range of spinal implants worldwide. Of all the companies that primarily derive their revenue from spinal implants, most of the emerging vendors have experienced high-single or double-digit growth over the past few years. Players will strategize either to collaborate with larger companies through licensing and private label agreements or to offer spinal implants at competitive prices to expand their presence in the industry. The spinal implant market will provide many opportunities for mergers and acquisitions for global players. Innovative small businesses are gaining market share as their main competitors struggle to increase their sales volume.

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Main suppliers

  • Globus Medical

  • Johnson & Johnson

  • Medtronic

  • NuVasive

  • stryker

  • Zimmer Biomet

Other Important Suppliers

Explore our healthcare and life sciences profile to learn more about the industry.

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About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven company that provides industry-leading research solutions to clients around the world. We excel in providing comprehensive market intelligence reports and advisory and consultancy services.

We offer comprehensive market research reports on industries such as consumer goods and retail technology, automotive and mobility, smart technologies, healthcare and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers and trend forecasts.

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Call: +1-312-235-2040
+1 302 469 0707

CONTACT: Arizton Advisory and Intelligence Call:+1-312-235-2040 +1 302 469 0707