Global Spinal Surgery Devices And Equipment Market Size
Medical Equipment

Global Spinal Surgery Devices And Equipment Market 2022 – Market Opportunities And Strategies

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The spinal surgery devices and equipment market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 4%, as per The Business Research Company’s market report!

 

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The Spinal Surgery Devices And Equipment Market Size In 2022 And Forecast

The global spinal surgery devices and equipment market grew from $6.97 billion in 2021 to $7.58 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The spinal surgery devices and equipment market is expected to grow to $9.15 billion in 2026 at a CAGR of 4.8%.

 

The spinal surgery devices and equipment market consist of sales of spinal surgery devices and equipment and related services.

 

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Increase In The Aged Populations Worldwide Is Driving The Growth Of The Spinal Surgery Devices And Equipment Market

As per UN estimates, the worldwide geriatric population will double by 2050 to reach an estimated value of more than 2.1 billion boosting the market growth in the future. An increasing trend in the aged populations worldwide will provide a lucrative growth to the spinal implants and devices.

 

Competitive Landscape And The Regional Analysis Of The Spinal Surgery Devices And Equipment Market

Major players in the spinal surgery devices and equipment market are Zimmer Biomet, Stryker Corporation, Depuy Synthes, Medtronic, Globus Medical Inc., Alphatec Spine Inc., Nuvasive Inc., Orthofix International N.V, K2M Group Holdings Inc., and Titan Spine.

 

Additionally, as per TBRC’s research – North America was the largest region in the spinal surgery devices and equipment market in 2021 holding the largest market share.

 

The Spinal Surgery Devices And Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the spinal surgery devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the spinal surgery devices and equipment market.

 

Implementing Nano-Technology – A Key Trend In The Spinal Surgery Devices And Equipment Market

Implementing Nano-technology to improve the quality, precision, and speed of the work is the latest trend in the spinal surgery devices market. Nanoparticles possess unique chemical, biological and physical properties which enables them to perform a wide variety of cellular and subcellular tasks. Spinal pathology is a major field of study for nanotechnology. To fully implement Nano-technology, hospitals and clinics are waiting for FDA regulations and exploring options to reduce costs.

 

Spinal Surgery Devices And Equipment Market Segmentation By The Business Research Company

1) By Product Type: Spine Biologics, Surgical Spinal Decompression, Vertebral Compression Fracture Treatment Products, Non-Fusion, Fusion

2) By Application: Hospital, Ambulatory Service Centers, Orthopedic Centers

3) By Type of Surgery: Open Surgeries, Minimally Invasive Surgeries

 

Here Are Some Reports Related To The Spinal Surgery Devices And Equipment Market –

Minimally Invasive Surgical Instruments Global Market Report 2022

Spine Implants Global Market Report 2022

Surgical Equipment Global Market Report 2022

 

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