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According to the latest research, the global Spinal Implants market size was valued at USD 9938.22 million in 2022 and is expected to expand at a CAGR of 4.89% during the forecast period, reaching USD 13232.5 million by 2028.
Spinal implants are devices surgeons use during surgery to treat deformity, stabilize and strengthen the spine, and facilitate fusion. Disorders treated using spinal implants include degenerative disc disease, scoliosis, kyphosis, spondylolisthesis, and fracture.
Downstream demand
The current situation of the epidemic is serious especially in the United States and Europe. In order to stop the spread of this epidemic, many governments have issued "stay at home" orders. Most of Non-emergency patients postpone going to the hospital for treatment or surgery to avoid the risk of COVID-19 infection in the hospital. Therefore, the demand for Spinal Implants declined. In addition, due to the large number of COVID-19 patients, the shortage of medical resources, and the lack of adequate doctors for other diseases are also important factors. And the current recurrence of the epidemic and the full spread of the COVID-19 variant strains may cause more serious effects.
Logistics
Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays.
SME
The epidemic will have an impact on the cash flow of small and medium-sized enterprises in the industry and thus affect the operating conditions. As a result, the share of small and medium-sized enterprises in the market will shrink and the share of head enterprises will increase.
Political Factors
These factors determine the extent to which a government may influence the economy or a certain industry. For example, a government may impose a new tax or duty due to which entire revenue generating structures of organizations might change. Political factors include tax policies, Fiscal policy, trade tariffs etc. that a government may levy around the fiscal year and it may affect the business environment (economic environment) to a great extent.
Any of the above factors can affect Spinal Implants industry, because it affects all of walks of life. Overall, there are so many political factors that affect the Spinal Implants industry. Changes in government systems and political regulation of the market can cause favorable or unfavorable fluctuations from time to time. However, apart from lobbying, political factors are generally out of the control of companies. Still, the importance of this can be understood from the fact that companies move their production sites to countries with lax regulations related to wages. Companies must manage their costs, and political factors can play an important role in this regard.
Environmental Factors
These factors include all those that influence or are determined by the surrounding environment. This aspect of the PESTLE is crucial for certain industries particularly for example tourism, farming, agriculture etc.
New developments in the additive fabrication of more advanced implants, including biodegradable and lightweight reinforced polymers, present cutting edge, green field growth scenarios in an already booming Spinal Implants market which will cater to the general trend of green environmental protection.
Legal Factors
These factors have both external and internal sides. There are certain laws that affect the business environment in a certain country while there are certain policies that companies maintain for themselves.
Presence of strict regulations regarding the designing of implants and the need for complying to these regulations is expected to restrain the growth of the market. Complications in usage of innovative materials and difficulties in getting the implants approved that are manufactured using these material, and this factor is expected to restrain the growth of the market.
Region Overview:
North America dominated the Spinal Implants market in 2022, with a market share of 49.52%.
Company Overview:
Medtronic is one of the major players operating in the Spinal Implants market, holding a share of 26.8% in 2023.
Medtronic
Medtronic plc, headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies - alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 85,000 people worldwide, serving physicians, hospitals and patients in approximately 160 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.
Johnson & Johnson
J&J's Medical Devices & Diagnostics segment includes such companies as DePuy, Ethicon, Ethicon Endo-Surgery, Ortho Clinical Diagnostics, LifeScan and J&J Vision Care, which make products to treat a range of conditions, from heart disease to diabetes.
Segmentation Overview:
As for product types, the Spinal Fusion Devices segment held the largest market share in 2022.
Application Overview:
By application, the Discectomy segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Spinal Implants industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Spinal Implants. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Spinal Implants Market Report Include:
Market Size Estimates: Spinal Implants market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Spinal Implants market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Spinal Implants market
Segment Market Analysis: Spinal Implants market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Spinal Implants market situations and prospects in major and top regions and countries
Spinal Implants Market
Spinal Implants Industry Chain: Spinal Implants market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Spinal Implants Industry News, Policies by regions
Spinal Implants Industry Porters Five Forces Analysis
Key players in the global Spinal Implants market are covered in Chapter 2:
Aesculap, Inc.
Orthofix International N.V.
Globus Medical, Inc.
Medtronic
Zimmer Biomet Holdings
Stryker Corporation
NuVasive, Inc.
Alphatec Spine
Johnson & Johnson
In Chapter 6 and Chapter 9, on the basis of types, the Spinal Implants market from 2018 to 2028 is primarily split into:
Spinal Fusion Devices
Spinal Biologics
Vertebral Compression Fracture Treatment Devices
Non-fusion Devices
Spinal Bone Growth Stimulators
In Chapter 7 and Chapter 10, on the basis of applications, the Spinal Implants market from 2018 to 2028 covers:
Discectomy
Laminotomy
Foraminotomy
Facetectomy
Corpectomy
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Spinal Implants market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Spinal Implants industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Spinal Implants market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Spinal Implants industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Spinal Implants market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Spinal Implants market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Spinal Implants market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Spinal implants are devices surgeons use during surgery to treat deformity, stabilize and strengthen the spine, and facilitate fusion. Disorders treated using spinal implants include degenerative disc disease, scoliosis, kyphosis, spondylolisthesis, and fracture.
Downstream demand
The current situation of the epidemic is serious especially in the United States and Europe. In order to stop the spread of this epidemic, many governments have issued "stay at home" orders. Most of Non-emergency patients postpone going to the hospital for treatment or surgery to avoid the risk of COVID-19 infection in the hospital. Therefore, the demand for Spinal Implants declined. In addition, due to the large number of COVID-19 patients, the shortage of medical resources, and the lack of adequate doctors for other diseases are also important factors. And the current recurrence of the epidemic and the full spread of the COVID-19 variant strains may cause more serious effects.
Logistics
Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays.
SME
The epidemic will have an impact on the cash flow of small and medium-sized enterprises in the industry and thus affect the operating conditions. As a result, the share of small and medium-sized enterprises in the market will shrink and the share of head enterprises will increase.
Political Factors
These factors determine the extent to which a government may influence the economy or a certain industry. For example, a government may impose a new tax or duty due to which entire revenue generating structures of organizations might change. Political factors include tax policies, Fiscal policy, trade tariffs etc. that a government may levy around the fiscal year and it may affect the business environment (economic environment) to a great extent.
Any of the above factors can affect Spinal Implants industry, because it affects all of walks of life. Overall, there are so many political factors that affect the Spinal Implants industry. Changes in government systems and political regulation of the market can cause favorable or unfavorable fluctuations from time to time. However, apart from lobbying, political factors are generally out of the control of companies. Still, the importance of this can be understood from the fact that companies move their production sites to countries with lax regulations related to wages. Companies must manage their costs, and political factors can play an important role in this regard.
Environmental Factors
These factors include all those that influence or are determined by the surrounding environment. This aspect of the PESTLE is crucial for certain industries particularly for example tourism, farming, agriculture etc.
New developments in the additive fabrication of more advanced implants, including biodegradable and lightweight reinforced polymers, present cutting edge, green field growth scenarios in an already booming Spinal Implants market which will cater to the general trend of green environmental protection.
Legal Factors
These factors have both external and internal sides. There are certain laws that affect the business environment in a certain country while there are certain policies that companies maintain for themselves.
Presence of strict regulations regarding the designing of implants and the need for complying to these regulations is expected to restrain the growth of the market. Complications in usage of innovative materials and difficulties in getting the implants approved that are manufactured using these material, and this factor is expected to restrain the growth of the market.
Region Overview:
North America dominated the Spinal Implants market in 2022, with a market share of 49.52%.
Company Overview:
Medtronic is one of the major players operating in the Spinal Implants market, holding a share of 26.8% in 2023.
Medtronic
Medtronic plc, headquartered in Dublin, Ireland, is among the world's largest medical technology, services and solutions companies - alleviating pain, restoring health and extending life for millions of people around the world. Medtronic employs more than 85,000 people worldwide, serving physicians, hospitals and patients in approximately 160 countries. The company is focused on collaborating with stakeholders around the world to take healthcare Further, Together.
Johnson & Johnson
J&J's Medical Devices & Diagnostics segment includes such companies as DePuy, Ethicon, Ethicon Endo-Surgery, Ortho Clinical Diagnostics, LifeScan and J&J Vision Care, which make products to treat a range of conditions, from heart disease to diabetes.
Segmentation Overview:
As for product types, the Spinal Fusion Devices segment held the largest market share in 2022.
Application Overview:
By application, the Discectomy segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Spinal Implants industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Spinal Implants. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Spinal Implants Market Report Include:
Market Size Estimates: Spinal Implants market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Spinal Implants market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Spinal Implants market
Segment Market Analysis: Spinal Implants market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Spinal Implants market situations and prospects in major and top regions and countries
Spinal Implants Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Spinal Implants Industry Chain: Spinal Implants market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Spinal Implants Industry News, Policies by regions
Spinal Implants Industry Porters Five Forces Analysis
Key players in the global Spinal Implants market are covered in Chapter 2:
Aesculap, Inc.
Orthofix International N.V.
Globus Medical, Inc.
Medtronic
Zimmer Biomet Holdings
Stryker Corporation
NuVasive, Inc.
Alphatec Spine
Johnson & Johnson
In Chapter 6 and Chapter 9, on the basis of types, the Spinal Implants market from 2018 to 2028 is primarily split into:
Spinal Fusion Devices
Spinal Biologics
Vertebral Compression Fracture Treatment Devices
Non-fusion Devices
Spinal Bone Growth Stimulators
In Chapter 7 and Chapter 10, on the basis of applications, the Spinal Implants market from 2018 to 2028 covers:
Discectomy
Laminotomy
Foraminotomy
Facetectomy
Corpectomy
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Spinal Implants market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Spinal Implants industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Spinal Implants market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Spinal Implants industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Spinal Implants market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Spinal Implants market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Spinal Implants market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
