Spinal Implants Market Is Projected To Grow At A Moderate CAGR During The Period Of Assessment

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Spinal Implants are used in spondylolisthesis, traumatic fracture, degenerative disc disease, and several forms of spinal instability including scoliosis with a spinal implant surgery. Implant systems with predesigned shape and function according to the requirement are used in these surgical procedures. These Implants help in stabilizing and strengthening the spine. They also facilitate fusion and correct deformities. Metals used in spinal implants are stainless steel, titanium or titanium-alloy. Implants made from non-metallic compounds such as Carbon/PEEK material are also present. They are present in many forms and sizes to cater to wide range of patient age groups.

More sophisticated and refined implants are under research to facilitate better surgery outcomes and to improve patient recovery post-surgery. Spinal deformities can be corrected 3 dimensionally due to advanced system developments such as hooks, rod, and screw systems. The progression of special plates and cages have also helped to promote spinal fusion. Moreover, advent of small and strong implants for children in the have recently fueled to market growth.

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Ageing demography and increase in incidences of spinal disorders due of sedentary lifestyle are expected to fuel the growth of the market

Spinal Cord Injuries (SCI) majorly occur due to various reasons such as a blocked blood supply, infections, injuries, and compression by a fractured bone or a tumor. According to National Safety Council (NSC) estimates, 2016, number of people severely injured in traffic accidents was 4.6 million in the U.S. In 2016, around 235 critical road crashes injuries were reported in Western Australia. Moreover in 2015, incidence of spinal cord injuries were 12500 annually and approximately 288500 people are currently living with SCI in the U.S.

Factors like increasing ageing demography, technological advancements, growing knowledge of population towards spinal surgeries is expected to accelerate the market growth. Skilled medical professionals are required considering high complexity involved in spinal cord injuries and medical risks associated with treating such injuries.

Robust improvements in the spinal implant materials and advent of new technologies associated with spinal treatments are expected to drive the growth of spinal implants market

Flexible and radiolucent spinal implants have been introduced moreover new spinal navigation technology is expected to bring out the changes in terms of increased surgical efficiency and improved surgical workflow in the market.

Mergers and Acquisitions to play a vital role in domestic company to expand its global presence

Key players operating the Spinal Implants market include, DepuySynthes Companies, Stryker, Benvenue Medical, Zimmer Inc., CareFusion Corporation, Alphatec Spine, Inc., NuVasive Inc., Medtronic, Globus Medical Inc., Orthofix International N.V., LDR Holding Corporation, Integra Lifesciences Holdings Corporation, B. Braun Melsungen, and K2M Inc. DePuy Orthopaedics, part of the DePuy Synthes Companies of Johnson & Johnson, purchased BioMedical Enterprises. Stryker bought Stanmore Implants from SIW Holdings. Zimmer Biomet acquired Ortho Transmission’s transcutaneous osseous integrated skeletal implant technology. Click To Read More On Spinal Implants Market

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About Author

Aira Goldsmith is a graduate of Parsons School of Design. She’s based in NYC but travels much of the year. Aira has written for Buzz Feed, Motherboard, The Financial Post, and the Huffington Post. Aira is a business reporter, focusing on technology and markets.