Spinal Implants Market Share 2022: Trends, Key Players, Industry Analysis and Forecast 2022-2028
A significant prevalence of spinal disorders is the major factor in promoting the growth of the global spinal implants market. As per the National Institute of Neurological Disorders and Stroke, nearly 80% of adults experience low back pain (LBP) at some point in their lifetimes. The major causes of LBP range from normal wear and tear, sprains and strains, to sciatica. Additionally, other causes of LBP could be associated with tumors, infections and kidney stones. Less severe LBP treatments include spinal nerve block, manipulation and acupuncture therapies. In case if these therapies don’t work, surgery may be considered for the treatment of the condition. In most severe cases, the surgery and the spinal implants placement may be required. Lumbar spinal stenosis is a common cause of LBP that may affect both younger and aged patients.
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Due to the developmental causes, it may affect younger patients. However, as a degenerative disease, it is more often affects people with the age group of 60 and older. With age, the spine changes and therefore, these normal wear and tear aging effects could lead to spinal stenosis (narrowing of the spinal cord). As per the American Academy of Orthopedic Surgeons (AAOS), degenerative changes of the spine are observed in up to 95% of people by the age of 50. For the treatment of spinal stenosis, spinal fusion procedure may be required to correct problems with the small bones in the spine. The procedure is aimed at fusing together two or more vertebrae and restore stability to the spine. This, in turn, is contributing to the demand for spinal implants that are developed through materials that provide optimal spinal balance and are body friendly.
Spinal implants are used for the treatment of several types of back pain and deformity. The primary function of spinal implants is to replace natural disc material and support fuse two vertebrae together. Fusion implants primarily come in the forms of plates, rods, screws and interbody cages. As per the American Society of Mechanical Engineers (ASME), the surgeons perform nearly 500,000 spinal fusions in the US each year. As a result, significant incidences of spinal disorders coupled with spinal fusion procedures are encouraging the market growth.
Due to the increasing demand for spine fusion procedures, the trend towards R&D and technological advancement in the global spinal implants market has been witnessed over the years. For instance, in July 2018, Alphatec Holdings, Inc. declared the commercial introduction of IdentiTi large window porous titanium interbody implant system for anterior lumbar interbody fusion (ALIF) procedures. With stiffness and porosity is similar to bone, along with a broad range of lordotic implant options, such as 20-degree and 30-degree, it is considered as better anterior column interbody device. It is designed to offer the biomechanical, biological and imaging features that are highly required by surgeons in the fusion procedures.
Additionally, in May 2018, Medtronic PLC declared the introduction of TiONIC Technology, a titanium 3D printed platform. The technique develops increased surface textures by employing a differentiated laser method. The surface texture has been demonstrated to promote bone response and increase osteoconductivity, as compared to smooth materials. These innovations in spinal implants enable surgeons to successfully restore spine stability of the patients. It supports to fit perfectly into a defect for correcting a problem. Therefore, the emerging research and innovations in spinal implants are exploring opportunities for the introduction of novel spinal implants, which in turn, will likely to boost the global spinal implants industry.
Spinal Implants Market Segmentation
· Fusion Implants
· Non-Fusion Implants
· Hospitals and Clinics
· Ambulatory Surgical Centers (ASCs)
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Global Spinal Implants Market– Segment by Region
· United States
· United Kingdom
· Rest of Europe
· Rest of Asia-Pacific
Rest of the World
· Middle East & Africa
· Latin America
· Aesculap Implant Systems, LLC (B. Braun Melsungen AG)
· Alphatec Holdings, Inc.
· Atlas Spine, Inc.
· Aurora Spine Corp.
· Axial Medical, Inc.
· CTL Amedica Corp.
· Fuse Medical, Inc.
· GESCO Healthcare Pvt., Ltd.
· Globus Medical, Inc.
· GPC Medical, Ltd.
· Jayon Implants Pvt. Ltd.
· Johnson & Johnson Services, Inc.
· K2M Group Holdings, Inc.
· Medtronic PLC
· Nexxt Spine LLC
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