Global Spine Implants Market Forecast 2024-2033: Estimated Market Size And Growth Rate
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How Much Growth is Expected for the Spine Implants Market from 2024 to 2033?
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What Factors Are Encouraging Growth in the spine implants Market?
The global spine implants market is experiencing growth due to the increasing instances of spinal-related issues. Research by Branko PRPA in September 2021 indicated that, annually, spinal cases range from 1.34 to 4.6 per million, with 1,400 new diagnoses each year. In the US, 33,000 individuals suffer from some sort of disability, with around 30% of the adult female population affected by lower back pain, compared to 25% in the male adult population. Interestingly, work impairments due to these conditions are reported by 31% of men, whereas only 20% of women note the same. The occurrence of neuropathic pain ranged from 16% to 55% in 2021. With this increased instance of spinal problems and the success of minimally invasive spinal surgery (MISS) treatments, the global spinal implants market is being propelled forward.
Which Segments Play a Vital Role in the Spine Implants Market?
1) By Product: Spinal Fusion Devices, Non-Fusion Devices/Motion Preservation Devices, Vertebral Compression Fracture (VCF) Treatment Devices, Spinal Bone Stimulators And Spine Biologics
2) By Procedure: Open Surgery, Minimally Invasive Surgery (MIS)
3) By Material: Metallic, Polymeric, Ceramic
4) By End User: Hospitals, Specialty Orthopedic And Spine Centers, Ambulatory Surgical Centers
What Trends Are Driving Change in the Spine Implants Market?
The trend of using implants in the spine implants market for minimally invasive and motion-preserving stabilization is growing significantly. An example of this is when RTI Surgical Holdings, an international surgical implant firm, introduced the first and only posterior lumbar motion preservation solution, Coflex. The FDA PMA-approved device is an innovative, minimally-invasive, stabilization implant that can provide motion- preserving treatment for moderate to severe lumbar spinal stenosis (LSS). Amazingly, the Coflex can be implanted directly after a surgical decompression, without the need for bone fusing. Varied sizes of this device make it fit the individual patient’s structure, and can be applied even in an outpatient manner.
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What Regions Are Contributing Significantly to the Growth of the Spine Implants Market?
North America was the largest region in the spine implants market in 2023. Western Europe was the second largest region in the spine implants market report. The regions covered in the spine implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Spine Implants Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the spine implants market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Spine Implants Market Include
1. Spine Implants Market Executive Summary
2. Spine Implants Market Segments
3. Spine Implants Market Size And Template Market Growth Rate
4. Key Spine Implants Market Trends
5. Major Spine Implants Market Drivers
……
25. Key Mergers And Acquisitions In The Spine Implants Market
26. Top Spine Implants Companies
27. Spine Implants Market Opportunities And Strategies
28. Spine Implants Market, Conclusions And Recommendations
29. Appendix
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