The global Spinal Devices Market size was valued at USD 11.59 Billion in 2018 and is projected to reach USD 15.74 Billion by 2026, exhibiting a CAGR of 3.9% during the forecast period.
Fortune Business Insights adds “Spinal Devices Market Size, Status and Forecast 2023” Reports to its database. This Report analyses the important factors of the Spinal Devices Market based on present and emerging industry situations, market demands, and supply, business strategies utilized by leading market players and their growth synopsis and trajectory. This report divides the Spinal Devices Market based on the Key players, Type and Regions with indicative Cost structure and driving factor analysis. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
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Increasing Use of Surgical Robots to Treat Spinal Injuries Would Benefit the Market
Many hospitals have adopted robots to undertake surgical procedures for spinal treatments in response to the rising demand for minimally invasive surgical techniques. Manufacturers are now working harder to create cutting-edge robotic devices to help surgeons carry out challenging spinal cord surgery more easily and precisely. Thus, it is anticipated that the development of robotics in healthcare would influence market trends for spinal fusion devices over the course of the projection period.
Top Key Venders of Market:
- Zimmer Biomet
- DePuy Synthes (Johnson & Johnson Services, Inc.)
- NuVasive, Inc
- Globus Medical
- RTI Surgical Holdings, Inc.
- Aesculap, Inc. (B. Braun Melsungen AG)
- Alphatec Spine, Inc.
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North America will maintain its dominant position, and Europe will exhibit a healthy growth pattern.
With USD 3.02 billion in revenue generated in 2018, North America is positioned to dominate the market for spinal fusion devices. This will happen as a result of the rising prevalence of chronic pain in the United States and the quick uptake of cutting-edge spinal fusion implant technologies. The market for spine fusion implants in Europe will be driven by an increase in demand for 3D printed medical equipment and a growing preference for minimally invasive procedures. Due to the increasing prevalence of degenerative spinal illnesses and the consistently changing reimbursement practices, Asia-Pacific is predicted to see a sharp increase in demand for spinal fusion devices.
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Key Questions Answered in this Report:
What will be the size of the request and the pace of growth in 2030?
What are the primary motorists of the worldwide request?
What are the main request trends that have an impact on global request growth?
Which are the request growth challenges?
Who are the main global request suppliers?
What are the worldwide request openings and challenges for merchandisers?
What are the primary results of the global Spinal Devices Market five- point analysis?
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