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The disposable spinal instrument industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products and services based on different technologies is among a key market strategy. Some of the leading industry players have a notable presence in the market.
Some of the eminent market participants operating in the disposable spinal instrument industry include:
AxioMed LLC, Halma plc, Intelligent Implants, Joimax GmbH, LongueVue Capital, Narang Medical Limited, Providence, RTI Surgical, Safe Orthopaedics, Spinex.co., Surgalign Holdings, Inc., Surgical Science, and Teleflex Medical.
The disposable spinal instrument market size was valued at USD 70.6 million in 2023 and is estimated to grow at 7.9% CAGR from 2024 to 2032, owing to the increasing prevalence of spinal disorders.
The cervical kits segment in the market will generate USD 45.1 million by 2032, as they provide a standardized set of instruments and implants necessary for cervical spine procedures.
The U.S. disposable spinal instrument market generated USD 25.8 million in 2023, as U.S. serves as a global hub for medical innovation, with numerous companies and research institutions.