The report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
The Spinal Implants and Surgical Devices Market is estimated to grow from USD 10.7 billion in 2020 to USD 14.1 billion by 2026 at a healthy CAGR of 4.8% during the forecast period.
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Segment Analysis
Product Trends
Based on product, the market has been divided into thoracic fusion and lumbar fusion devices, cervical fusion devices, vertebral compression fracture treatment devices, spinal biologics, spinal decompression, non-fusion devices, and spine bone stimulators.
The thoracic fusion and lumbar fusion devices segment accounted for the largest market share in 2020. The segment growth can be attributed to its rising incidences of lumbar degenerative disc disease.
Regional Trends
The market in North America accounted for largest share in 2020.
The regional market growth can be attributed to increasing incidences spinal disorders. Additionally, presence of established healthcare infrastructure and key market players such as Stryker Corporation (The U.S), and Zimmer Biomet (The U.S) is likely to add to the market growth substantially.
The market in Asia-Pacific region is projected to register fastest growth rate on account of increasing awareness about spinal disorders and increasing investment in healthcare infrastructure.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Spinal Implants and Surgical Devices Market analysis report discusses the following heads in great detail:
· Market structure: Overview, industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
· Market trend and forecast analysis
· Market segment trend and forecast
· Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
· Attractive market segments and associated growth opportunities
· Emerging trends
· Strategic growth opportunities for the existing and new players
· Key success factors
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