Canada Spinal Implants And Devices Market Size & Outlook
Canada spinal implants and devices market, 2018-2030 (US$M)
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Canada spinal implants and devices market highlights
- The Canada spinal implants and devices market generated a revenue of USD 1,415.7 million in 2023 and is expected to reach USD 2,121.5 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.9% 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.
Spinal implants and devices market data book summary
| Market revenue in 2023 | USD 1,415.7 million |
| Market revenue in 2030 | USD 2,121.5 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Spinal fusion devices |
| Fastest growing segment | Vertebral Compression Fracture Treatment Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 10.6% of the global spinal implants and devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. spinal implants and devices market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,121.5 million by 2030.
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Spinal Implants And Devices Market Scope
Spinal Implants And Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 58.71% in 2023. Horizon Databook has segmented the Canada 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.
Canada is another large market for spinal implants and devices in North America. Canada is also faced with rising number of spinal injuries and disabilities resulting in increasing healthcare costs, thus imposing an economic burden.
Spinal cord injuries are found to have a devastating impact on the life of individuals and the estimates of the Rick Hansen Institute states that around 4,300 new cases of spinal injuries occur each year in Canada with around 86,000 people living with SCI.
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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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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 country-level data and insights on the Canada spinal implants and devices market , including forecasts for subscribers. This country databook contains high-level insights into Canada spinal implants and devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada spinal implants and devices market size, by product, 2018-2030 (US$M)
Canada Spinal Implants And Devices Market Outlook Share, 2023 & 2030 (US$M)
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