Disposable Spinal Instrument Market - By Product Type (Cervical, Lumbar, & Systems Kits [Pedicle Screw, Cervical Plate Systems), Procedure (Spinal Fusion, Decompression), End-use (Hospitals, ASCs, Orthopaedic Clinics) – Global Forecast (2024 – 2032)
Report ID: GMI9554
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Published Date: May 2024
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Report Format: PDF
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Premium Report Details
Base Year: 2023
Companies covered: 15
Tables & Figures: 220
Countries covered: 23
Pages: 155
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Disposable Spinal Instrument Market Size
Disposable Spinal Instrument Market size was valued at around USD 70.6 million in 2023 and is estimated to grow at 7.9% CAGR from 2024 to 2032. Disposable spinal instruments are medical devices utilized in interventional spine procedures, designed for single-use and disposal after each operation. These instruments play crucial roles in a range of tasks during interventional spine interventions, encompassing procedures such as discectomy, laminectomy, spinal fusion, and other treatments targeting spinal conditions or injuries. The growing prevalence of spinal disorders is a significant driver for market.
For instance, according to global estimates provided by the World Health Organization (WHO), it is reported that around 15.4 million individuals were living with spinal cord injuries (SCI) in the year 2021. Thus, this underscores the pressing need for effective and efficient solutions in spinal surgery, including the utilization of disposable spinal instruments to address the growing prevalence of spinal disorders and injuries worldwide.
Furthermore, advancements in minimally invasive surgery, technological advancement, and growing aging population are contributing factors stimulating the growth of the market.
Disposable Spinal Instrument Market Trends
The field of spinal surgery has witnessed remarkable advancements in recent years, driven by innovations in medical technology and surgical techniques. Among these advancements, the development of disposable spinal instruments stands out as a significant milestone, revolutionizing the way spinal procedures are performed. Disposable spinal instruments, designed for single-use and then discarded after each procedure, offer numerous benefits including enhanced sterility, reduced risk of cross-contamination, and improved procedural efficiency.
Disposable Spinal Instrument Market Analysis
Based on product type, the market is divided into cervical kits, lumbar kits, and systems kits. The systems kits segment is further bifurcated into pedicle screw systems, cervical plate systems, and lumbar interbody fusion systems. The cervical kits segment is estimated to account for USD 45.1 million by 2032.
Based on procedure, the disposable spinal instrument market is bifurcated into spinal fusion and decompression surgeries. The spinal fusion segment accounted for USD 41.9 million in 2023.
Based on end-use, the disposable spinal instrument market is divided into hospitals, ambulatory surgical centers, and orthopaedic clinics. The hospital segment is estimated to account for USD 59.8 million by 2032.
The disposable spinal instrument market in the U.S. accounted for a significant revenue of USD 25.8 million in 2023, and this trajectory is set to continue upwards.
The disposable spinal instrument market in Germany is expected to experience significant and promising growth from 2024 to 2032.
Japan market is anticipated to witness lucrative growth between 2024 – 2032.
The disposable spinal instrument market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.
Disposable Spinal Instrument Market Share
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.
Disposable Spinal Instrument Market Companies
Some of the eminent market participants operating in the disposable spinal instrument industry include:
Disposable Spinal Instrument Industry News:
The disposable spinal instrument market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Product Type
Market, By Procedure
Market, By End-use
The above information is provided for the following regions and countries: