Spinal Implants and Spinal Surgical Devices Market to Witness Growth Acceleration during 2020 – 2030 – Medtronic, Stryker, Orthofix Medical

Spinal implants are the devices that relieve back pain and control the disorders associated to the spine. The spinal cord is also known as vertebrae that includes 33 bones. These bones altogether enable the body to stand straight, bend to any position, and sit quickly without any kind of discomfort or pain. Vertebrae comprise five key sections, including the thoracic, the cervical, sacrum, lumbar, and coccyx. Every section holds spinal discs to enable movement in the body. Owing to the complexities of the spine, the spinal implants can vary in sizes and shapes, as well as functionality. Doctors may use any of the devices from the common ones namely, rods, pedicle screws, spinal cord stimulator, cages, hooks, and plates. These devices are used to treat patients that suffer from chronic degenerative disc disease, traumatic failures, or also scoliosis.

Spinal implants and spinal surgical devices market is estimated to be over ~US$ 15.5billion in 2019. It is anticipated to grow at a CAGR of ~5.2% from 2019to 2030.

Rising incidences of spinal disorders along with increasing geriatric population have played a pivotal role in propelling the market. Moreover, increasing demand for minimally-invasive procedures and advancements in spinal surgical technologies are anticipated to further fuel the global spinal implants and spinal surgical devices market during the forecast period. Prominent players in the market are increasingly focusing on strategies such as acquisition &merges to gain foothold in the spinal implant and surgical device market. For instance, in 2019, Medtronic, acquired Titan Spine, a surface technology company, associated with the manufacturing of titanium spine inter body implants treatment of various pathologies of the spine that require fusion.

Major Key Players of the Spinal Implants and Spinal Surgical Devices Market are:
Medtronic, Stryker, Orthofix Medical Inc., DePuySynthes, NuVasiveInc, RTI Surgical Holdings, Inc., Globus Medical, Inc., Alphatec Spine, Inc. and Aesculap, Inc., Inc among others

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