Asia Pacific Spinal Implants And Devices Market Size & Outlook
Asia Pacific spinal implants and devices market, 2018-2030 (US$M)
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Asia Pacific spinal implants and devices market highlights
- The Asia Pacific spinal implants and devices market generated a revenue of USD 2,323.4 million in 2023.
- The market is expected to grow at a CAGR of 7.2% from 2024 to 2030.
- In terms of segment, spinal fusion devices was the largest revenue generating product in 2023.
- Vertebral Compression Fracture Treatment Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,323.4 million |
| Market revenue in 2030 | USD 3,771.5 million |
| Growth rate | 7.2% (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 |
| Key market players worldwide | Medtronic PLC, Johnson & Johnson, Stryker Corp, NuVasive, Zimmer Biomet Holdings Inc, Globus Medical Inc Class A, Alphatec Spine, Orthofix Medical Inc, Ulrich Medical USA, B. Braun, RTI Surgical - cardiothoracic closure, SeaSpine |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.4% of the global spinal implants and devices market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,771.5 million by 2030.
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Spinal Implants And Devices Market Scope
Spinal Implants And Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 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 59.74% in 2023. Horizon Databook has segmented the Asia Pacific 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.
Asia Pacific is estimated to be the fastest growing regional market owing to the presence of emerging economies in this region. One of the key drivers of this market is the growing geriatric population highly susceptible to developing severe spinal disorders.
Also, changing lifestyle of the population with little or no exercise with increased likelihood of developing obesity coupled with increased number of vehicular accidents leading to major spinal cord injuries highlights the demand for spinal surgeries.
This in turn relates to the market growth due to the increasing number of individuals seeking treatment. The growing healthcare expenditure with the rising demand for technologically advanced treatments is further driving the growth of the market.
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Target buyers of Asia Pacific 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific spinal implants and devices market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific spinal implants and devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific spinal implants and devices market size, by country, 2018-2030 (US$M)
Asia Pacific Spinal Implants And Devices Market Outlook Share, 2023 & 2030 (US$M)
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