2021-2030 Analysis and Review 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
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 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?
Report gist?
The study includes the profiles of major market players with a significant global and regional presence along with top company positioning.
Significant customers?
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.
$4,600 | |
$6,600 | |
$13,200 |
Request customization |
Get market alerts |
Ask for regional data |
Ask for country-specific data |