2020-2027 Analysis and Review Flexible Spinal Implants Market

Flexible Spinal Implants Market

Flexible Spinal Implants Market By Clinical Application (Thoracic, Lumbar, Cervical, Artificial Discs and Others), By End Users (Hospital & Clinics, Ambulatory Surgical Centers and Others - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 – 2027

22-06-2020 REP-HC-5122 40 Tables 110 pages Format

The flexible spinal implants market was valued at USD 2,239.4 Mn by 2019. The rising prevalence of osteoporosis among the elderly population worldwide primarily drives the flexible spinal implants market growth. Furthermore, the technological advancement associated with the flexible spine implants and increasing demand for minimally invasive surgical procedures further consolidate the market growth.

Flexible Spinal Implants Market

Flexible spinal implants are being widely employed by surgeons across the globe owing to its ability to correct deformities, strengthening and improving the flexibility and stability of spine movement, etc. The chief drawback associated with spinal fusion surgery is the accelerated degeneration of discs in adjacent levels. Flexible spinal implants are being thoroughly studied for its clinical application as a viable alternative to spinal fusion surgery.

The major segments related to the flexible spinal implants market are: 

By Clinical Application (2017–2027; US$ Mn)

Thoracic

Lumbar

Cervical

Artificial Discs

Others

By End Users (2017–2027; US$ Mn)

Hospital & Clinics

Ambulatory Surgical Centers

Others

Geography Segment (2017–2027; US$ Mn)

North America

U.S.
Canada

Europe

United Kingdom
Germany
Russia
France
Italy
Spain
Ukraine
Rest of Europe

Asia Pacific

China
Japan
Rest of Asia Pacific

Latin America (LATAM)

Brazil
Mexico
Rest of Latin America

Middle East and Africa (MEA)

GCC
Rest of MEA 

Justification for study?

  • The intention of the study is to give a comprehensive outlook of the global flexible spinal implants market
  • The overall segmentation of the flexible spinal implants market, by clinical application, end-users, and geography is minutely studied. Cervical and hospital & clinics are dominating the clinical application and end-user segments respectively
  • Increasing demand for minimally surgical invasive spinal procedures worldwide
  • Technological advancement in the flexible spinal implants and rising public health awareness regarding its ability to restore spinal mobility and flexibility together accentuate the market growth

Report gist?

  • The study of the global flexible spinal implants market includes qualitative analysis of factors such as drivers, restraints, and opportunities
  • The report covers the qualitative and quantitative analysis of the overall market segmented on the basis of clinical application and end-users and categorization of the same at geography level
  • This research report presents the analysis of each segment from 2017 to 2027 in which 2019 is considered as the base year. The compounded annual growth rate is calculated for the respective segments from 2020 to 2027

The study includes the profiles of major market players with a significant global and regional presence along with top company positioning. 

Significant customers?

  • This study is suitable for industry participants and stakeholders in the pharmaceutical manufacturers actively engaged in the production and marketing of flexible spinal implants due to the rising prevalence of spinal injuries associated with trauma and accidents worldwide
  • The report will benefit biomedical engineers engaged in the technological advancement of flexible spinal implants
  • Managers with financial institutions looking to publish recent and forecasted statistics pertaining to flexible spinal implants market
  • Financial institutions, venture capitalist, analysts, investors, government organizations, policymakers, regulatory authorities, researchers, looking for insights into the market to determine future strategies 

Segment Analysis

Cervical is representing the largest market share in the clinical applications segment for the flexible spinal implants market. Rising prevalence of osteoporosis in the baby boomer population worldwide is the major contributing factor for the cervical spine degeneration. As per the latest information provided by the International Osteoporosis Foundation (IOF), approximately 8.9 million osteoporotic fracture occurs annually worldwide, further clinical studies suggest that over 35% of them are associated with the cervical spine region. Lumbar will be registering comfortable market growth during the forecast period on account of the significant increase in the number of young athletes suffering from mid and lower back trauma occurring due to physical and sports activities related to gymnasium and weightlifting throughout the globe.

Hospitals & clinics are currently dominating the end-user segment for the flexible spinal implants market. A significant increase in the number of traumatic accidents worldwide and affordable reimbursement scenario associated with the spinal surgeries in the government-sponsored hospitals drive the market growth. Ambulatory surgical centers are expected to register excellent market growth in the near future on account of the proactive government initiatives adopted by the government healthcare agencies to promote ambulatory surgical centers to reduce the healthcare cost and burden associated with inpatients treatment in primary health care centers across the globe.

North America is presently leading the geography segment for the flexible spinal implants market. Rising prevalence of spinal injuries inflicted due to a significant rise in traumatic accidents due to vehicle collision on highways primarily drives the flexible spinal implants market growth in the region. The existence of well-developed healthcare infrastructure and domicile of major players such as Stryker Corporation, Medtronic, Plc., Abbott Spine, Inc., etc. further accentuate the market growth in the region. Europe is the second-largest regional segment due to the supportive regulatory environment provided by the European Medical Agency for the sale and distribution of flexible spine implants market. The Asia Pacific is anticipated to be the fastest-growing regional segment for the flexible spinal implants market. Significant rise in the number of spinal injuries associated with sports activities such as gymnastics and weightlifting and increasing demand for minimally invasive surgical spinal procedures together propel the market growth in the Asia Pacific region.

Select License Type

$4,600
$6,600
$13,200

Safe and Secure SSL Encrypted

Have a Question?

We will help you find what you are looking for.

Call 1-518-730-1560

Contact sales

How can we help you?

Get in touch with us or find an office closest to you.