Global Spinal Implants And Devices Market Size & Outlook
Global spinal implants and devices market, 2018-2030 (US$M)
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Global spinal implants and devices market highlights
- The global spinal implants and devices market generated a revenue of USD 13,333.9 million in 2023 and is expected to reach USD 19,047.7 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 5.2% by 2030.
- In terms of segment, spinal fusion devices accounted for a revenue of USD 7,792.9 million in 2023.
- Vertebral Compression Fracture Treatment Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 13,333.9 million |
| Market revenue in 2030 | USD 19,047.7 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Spinal fusion devices |
| Fastest growing segment | Vertebral Compression Fracture Treatment Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Spinal Fusion Devices, Spinal Biologics, Vertebral Compression Fracture Treatment Devices, Non-fusion Devices, Spinal Bone Growth Stimulators |
Other key industry trends
- In terms of revenue, the North America accounted for 48.3% of the global spinal implants and devices market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 6,450.0 million by 2030.
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Spinal Implants And Devices Market Scope
Spinal Implants And Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global spinal implants and devices market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to spinal implants and devices market will help companies and investors design strategic landscapes.
Spinal fusion devices was the largest segment with a revenue share of 58.44% in 2023. Horizon Databook has segmented the Global spinal implants and devices market based on spinal fusion devices, spinal biologics, vertebral compression fracture treatment devices, non-fusion devices, spinal bone growth stimulators covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Spinal Implants And Devices Product Outlook (Revenue, USD Million, 2018-2030)
- Spinal Fusion Devices
- Thoracic & Lumbar Fusion Devices
- Cervical Fusion Devices
- Spinal Biologics
- Allografts
- Xenografts
- DBM
- BMP
- Synthetic Bone Grafts
- Vertebral Compression Fracture Treatment Devices
- Non-fusion Devices
- Spinal Bone Growth Stimulators
- Spinal Fusion Devices
- Global Spinal Implants And Devices Technology Outlook (Revenue, USD Million, 2018-2030)
- Spinal Fusion and Fixation Technologies
- Vertebral Compression Fracture Treatment
- Vertebroplasty
- Kyphoplasty/Vertebral Augmentation
- Motion Preservation Technologies
- Global Spinal Implants And Devices Surgery Type Outlook (Revenue, USD Million, 2018-2030)
- Open Surgery
- Minimally Invasive Surgery
- Global Spinal Implants And Devices Procedure Type Outlook (Revenue, USD Million, 2018-2030)
- Discectomy
- Laminotomy
- Foraminotomy
- Corpectomy
- Facetectomy
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Target buyers of Global spinal implants and devices market databook
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Our clientele includes a mix of spinal implants and devices market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global spinal implants and devices market , including forecasts for subscribers. This global databook contains high-level insights into Global spinal implants and devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global spinal implants and devices market size, by regions, 2018-2030 (US$M)
Top 10 countries: Spinal implants and devices market size, 2023 (US$M)
Global spinal implants and devices market share, by product, 2023 & 2030 (%, US$M)
Spinal implants and devices market: Opportunity assessment by country
Global spinal implants and devices market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 5,829.2 | 5,959.3 | 5,487.7 | 6,107.0 | 6,263.0 | 6,441.6 | 6,650.8 | 6,886.6 | 7,158.0 | 7,461.3 | 7,792.2 | 8,161.0 | 8,571.5 | 4.2% |
| Europe | 2,375.9 | 2,445.4 | 2,267.4 | 2,539.4 | 2,623.6 | 2,718.5 | 2,827.6 | 2,949.6 | 3,088.6 | 3,243.4 | 3,412.4 | 3,600.4 | 3,809.6 | 4.9% |
| Asia Pacific | 1,812.4 | 1,910.0 | 1,812.4 | 2,081.1 | 2,195.7 | 2,323.4 | 2,467.9 | 2,629.0 | 2,811.3 | 3,014.9 | 3,239.3 | 3,490.3 | 3,771.5 | 7.2% |
| Latin America | 956.3 | 1,005.4 | 951.9 | 1,090.1 | 1,148.0 | 1,212.5 | 1,285.6 | 1,367.0 | 1,459.0 | 1,561.8 | 1,674.9 | 1,801.4 | 1,942.9 | 7.0% |
| MEA | 522.8 | 544.9 | 511.5 | 569.8 | 603.0 | 637.9 | 675.3 | 714.8 | 757.4 | 802.6 | 849.6 | 899.5 | 952.4 | 5.9% |
| Overall | 11,496.6 | 11,864.9 | 11,030.8 | 12,387.4 | 12,833.4 | 13,333.9 | 13,907.2 | 14,546.9 | 15,274.3 | 16,083.8 | 16,968.5 | 17,952.6 | 19,047.7 | 5.2% |
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