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Spinal Implant Market Size

Report ID: GMI5148
Published Date: Dec 2022
Report Format: PDF

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Spinal Implant Market Size

Spinal Implant Market size was valued at more than USD 10 billion in 2022 and is expected to foresee more than 2.5% CAGR through 2032. The rising demand for minimally invasive procedures is spurring the market forecast.

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Minimally invasive spine (MIS) surgery facilitates faster recovery time, reduces the risk of muscle damage, and has a low chance of surgical site infection or complications. A study by Elsevier revealed that an estimated 75% of the 1.2 million spinal procedures performed each year in the United States could be performed in whole, or in part, using MIS techniques.

Spinal Implant Market Report Attributes
Report Attribute	Details
Base Year:	2022
Spinal Implant Market Size in 2022:	USD 10 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	2.5%
2032 Value Projection:	USD 14 Billion
Historical Data for:	2018 to 2022
No. of Pages:	200
Tables, Charts & Figures:	365
Segments covered:	Product Type, Indication, Surgery, Material, Application, and Region
Growth Drivers:	Rising prevalence of spinal diseases Increasing demand for minimally invasive procedures Technological advancements Rising geriatric population
Pitfalls & Challenges:	Stringent regulatory scenario in developed countries Dearth of skilled healthcare professionals in developing economies

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Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Global market size for spinal implant was valued at more than USD 10 billion in 2022 and is expected to depict a more than 2.5% CAGR through the forecast years 2023-2032, owing to the increasing demand for minimally invasive procedures.

Global spinal implant industry share from the deformity segment is likely to exhibit a 3% CAGR through 2032, owing to the increasing prevalence of bone related diseases, such as arthritis and degenerative disc disease.

Asia Pacific spinal implant market is expected to grow at more than 3% CAGR through 2032, driven by the increasing incidence of spondylosis.

Johnson & Johnson, Medtronic plc, Stryker, Globus Medical Inc, Nuvasive, Alphatec Holdings, Inc., B. Braun Melsungen AG, Surgalign Holdings, SeaSpine Holdings Corporation, and ZimVie Inc are some prominent spinal implant manufacturers in the market.