Spinal Implants Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017–2025
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.
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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.
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.
Other factors responsible for spinal deformities include obesity, unhealthy diet, smoking, and other lifestyle factors. Early onset of degenerative spinal changes is attributed to the toxins in cigarette smoke damaging the cartilage in the spine. According to World Health Organization (WHO), in 2015, over 1.1 billion people smoked tobacco.
Over the limit weight in proportion to height can cause stress on the spine’s parts such as vertebrae, joints, and spinal discs. According to World Health Organization (WHO) in 2014, more than 1.9 billion adults were overweight of which over 600 million were suffering from obesity issues making them susceptible to spinal cord problems.
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.
Regional segmentation of the spinal implants market by Coherent Market Insights comprises North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. North America is expected to dominate the market over the forecast period, owing to advancements in medical infrastructure, high expenditure on research and development, and presence of skilled medical professionals. Fierce competition in Asia Pacific region, dominating local implant manufacturers, and low surgery and surgical material costs are factors expected to boost the Asia Pacific spinal implants market over the forecast period.
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.
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