TBRC market research report covers spine implants market size, spine implants market forecast, major spine implant companies and market share, key strategies to do, and more.
LONDON, Jan. 20, 2022 (GLOBE NEWSWIRE) — According to a Business Research report on the spine implant market, 3D printing technologies are becoming increasingly prevalent in the healthcare industry as a therapeutic measure to enhance the speed and effectiveness of joint surgery. Major companies such as Stryker, Johnson & Johnson, and Zimmer have launched implants that use 3D printing technology that enables customized surgeries to patients. This is done by developing the required components used in surgery through the use of patient X-ray images or CT scans, enabling a highly customized implant and thus reducing the risk of a false fit.
For example, in 2018, the FDA approved Stryker Corporation’s Tritanium® TL Curved Backior Cage Lumbar Cage that uses a 3D fusion cage that serves as a support during lumbar fixation surgery. Tritanium TL Curved posterior lumbar cage is a hollow implant consisting of rigid and porous structures, simultaneously constructed with Amagine, a method of implant creation using additive manufacturing / 3D printing.
Request A sample from the world Spinal implants Market Report
The global spine implant market size has grown from $11.48 billion in 2020 to $12.35 billion in 2021 compound annual growth rate (CAGR) 7.6%. The growth is primarily attributable to companies resuming their operations and adapting to the new normal while recovering from the impact of COVID-19, which earlier led to restrictive containment measures including social distancing, remote work and closing of business activities which led to operational challenges. Spinal implants market is expected to reach $14.86 billion in 2025 in a 5% compound annual growth rate.
Patient-specific devices powered by artificial intelligence (AI) is another emerging trend in wrapsthe He plants and hardware market. Accurate spinal alignment is important for the effective functioning of the musculoskeletal system. Patient-specific devices are a new technical treatment that uses deformation correction planning software with which to manufacture prefabricated rods, which also addresses the need to bend rods in the operating room. AI-based software helps design patient-specific rods. Prefabricated rods provide flexibility to the surgeon and allow him to maintain deformity correction in line with the surgical plan. For example, in 2020, Medtronic gained approval for its UNiD™ patient rods. UNiD™ rods are customized based on patients’ requirements and are pre-operatively engineered to precisely fit an AI-based pre-operative surgical plan, created using UNiD™ ASI technology to precisely align the spine.
The global TBRC Spinal Implants market report is segmented by product into spinal fusion devices, non-fusion devices/motion-preserving devices, spinal fracture therapy (VCF) devices, spinal orthopedic stimulators, and spinal biology; By procedure in open surgery, minimally invasive surgery (MIS); by means of materials in metal, polymer and ceramic; By end use in hospitals, specialized orthopedic and spine centers, and ambulatory surgical centers.
The global spine implant market is concentrated, with a small number of big players. the Top Ten Competitors In the market made up of 75.87% of the total spinal implant market share in 2021. The major players in the market include Medtronic plc, Johnson & Johnson, Stryker Corporation, and NuVasive, Inc. and Zimmer Biomet Holdings, Inc. and others.
North America It was largest area In the spine implant market, representing 41.4% of the global market in 2021. It is followed by Asia Pacific, Western Europe and other regions. to go forward, The fastest growing regions In the spine implant market, there will be Asia Pacific and Western EuropeWhere will the growth be Compound annual growth rate of 6.8% and 4.7% respectively from 2021-2026.
Global Spinal Implants Market 2022 Report: Global Market Size, Trends and Forecast 2022 – 2026 is one of a series of new reports from Business Research firm that provide overviews of the Spinal Implants market, analyze the Spinal Implants market and forecast market size and growth for the entire market, segments Market and geographies, Spinal implants market trends, Spinal implants market drivers, Spinal implants market constraints, Spinal implants market leading competitors revenue, profiles and market shares in over 1000 industry reports, covering over 2500 market segments and 60 Geographical areas.
The report also provides an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 150,000 data sets, extensive secondary research, and exclusive insights from interviews with industry leaders. A team of highly experienced and expert analysts and designers provides market analysis and forecasts. The reports identify top countries and divisions for opportunities and strategies based on market trends and the approaches of leading competitors.
Not the market you are looking for? paying off some sImilar market intelligence reports:
Spine Surgery Devices and Equipment Global Market Report 2021 – By Product Type (Spine Biology, Surgical Spinal Decompression, Spinal Fracture Treatment Products, Non-fusion, Fusion), By Application (Hospital, Ambulatory Service Centers, Orthopedic Centers) orthopedic), by type of surgery (open, minimally invasive), COVID-19 impact and recovery
Arthroscopy Devices and Equipment Global Market Report 2021 – By Product (Arthroscopes, Arthroscopy Machines, Endoscopic Fluid Management System, Endoscopic Radiofrequency System, Arthroscopic Visualization System, Arthroscopy), By Application (Knee Arthroscopy, Hip Arthroscopy, Spine Arthroscopy, Foot & Ankle Arthroscopy, Arthroscopy shoulder and elbow joint), by end user (hospitals, ambulatory care, trauma centers), impact of COVID-19 and recovery
Global 3D Implant Market Report 2021 – By Application (Dentistry, Orthopedics, Craniomaxillofacial), By End Users (Medical & Surgical Centers, Pharmaceutical Companies, Biotechnology Industry, Medical Institution), By Implant Technology (Laser Beam Melting Electron beam melting, droplet deposition, laminar deposition, two-photon polymerization), growth and change of COVID-19.
Interested in learning more about a business research firm?
Business Research is a market intelligence company that excels in corporate, market and consumer research. It is located globally and has consultants who specialize in a wide range of industries including manufacturing, healthcare, financial services, chemicals and technology.
The most comprehensive database in the world
Business Research’s flagship product, Global Market Model, is a market information platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The global market model covers multi-layered data sets that help its users to assess supply and demand gaps.
CONTACT: The Business Research Company Europe: +44 207 1930 708 Asia: +91 8897263534 Americas: +1 315 623 0293 Email: [email protected] LinkedIn: https://in.linkedin.com/company/the-business-research-company Twitter: https://twitter.com/tbrc_info YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ Blog: http://blog.tbrc.info/