The increase in the elderly population and the rise in the prevalence of spinal illnesses are driving the market’s growth. Spinal fusion devices are used to treat degenerative disc disease and spondylolisthesis, as well as other spinal abnormalities. The increase in the elderly population and the rise in the prevalence of spinal illnesses are driving the market’s growth. In addition, the market is expected to rise as the number of indications for spinal fusion surgery grows. For example, spinal fusion was once reserved for scoliosis and spinal tuberculosis, but it is now used to treat 14 other disorders. Furthermore, 1,53,288 anterior cervical discectomy and fusions were performed in the United States in 2020, with the volume predicted to increase by 13.3% by 2040.
From 2022 to 2030, the global spinal fusion devices market is expected to increase at a CAGR of 4.6 percent, from $7,030.1 million in 2020 to $11,434.1 million in 2030.
Due to a stalled supply chain and a global lockout, the COVID 19 has had an influence on the sales of spinal fusion equipment manufacturers, limiting the market’s growth.
The Report Lists the Key Companies in the Spinal Fusion Devices Market:
NuVasiveInc., Globus MedicalInc., DePuy Synthes, RTI SurgicalInc., Medtronic, Plc, Orthofix International N.V., Stryker Corporation, K2M Group Holdings Inc., Alphatec HoldingsInc., and Zimmer Biomet HoldingsInc.
The report provides a 360-degree overview of the market, listing various factors restricting, propelling, and obstructing the market in the forecast duration. The report also provides additional information such as interesting insights, key industry developments, detailed segmentation of the market, list of prominent players operating in the market, and other Spinal Fusion Devices market trends. The report is available for sale on the company website.
Further, the report acknowledges that in these growing and promptly enhancing market circumstances, the most recent advertising and marketing details are very important to determine the performance in the forecast period and make essential choices for profitability and growth of the Spinal Fusion Devices. In addition, the report encompasses an array of factors that impact the growth of the Spinal Fusion Devices in the forecast period. Further, this specific analysis also determines the impact on the individual segments of the market.
Product Types: Thoracolumbar Fixation Devices, Cervical Fixation Devices, And Interbody Fusion Devices
On the Basis of Application: Hospital, Ambulatory Service Centers, And Orthopedic Centers
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Regional Analysis for Spinal Fusion Devices Market :
- North America (the USA and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Latin America (Brazil, Mexico and Rest of Latin America)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
Major Table of Contents for Spinal Fusion Devices Market :
4.Key Spinal Fusion Devices Market Insights
5.Global Market Analysis, Insights and Forecast, 2015-2027
6.North America Market Analysis, Insights and Forecast, 2015-2027
7.Europe Market Analysis, Insights and Forecast, 2015-2027
8.Asia Pacific Market Analysis, Insights and Forecast, 2015-2027
9.The Middle East and Africa Market Analysis, Insights and Forecast, 2015-2027
10.Latin America Market Analysis, Insights and Forecast, 2015-2027
12.Global Spinal Fusion Devices Market Revenue Share Analysis, By Key Players, 2021
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