China Spinal Implants And Devices Market Size & Outlook
China spinal implants and devices market, 2018-2030 (US$M)
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China spinal implants and devices market highlights
- The China spinal implants and devices market generated a revenue of USD 421.6 million in 2023 and is expected to reach USD 714.7 million by 2030.
- The China market is expected to grow at a CAGR of 7.8% 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 421.6 million |
| Market revenue in 2030 | USD 714.7 million |
| Growth rate | 7.8% (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, China accounted for 3.2% 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 Asia Pacific, Japan spinal implants and devices market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 599.7 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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China 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 59.11% in 2023. Horizon Databook has segmented the China 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.
Improving healthcare facilities in China along with their increased accessibility are presenting profitable opportunities to the spinal implant and devices market. Evolution of spine care technology is the foremost driver of this market.
The first attempt at using 3D printing technology for spine surgeries was successfully implemented in China. The region has witnessed surging incidence of spinal injuries and disabilities associated to vehicular accidents, increasing elderly population base, and growing prevalence of obesity and lifestyle disorders.
A study estimates that China would approximately have 1 million people with spinal injuries in 2020 with 80,000 cases per year. It would account for one third of the global cases of spinal injuries. The growing spinal injury cases and increasing number of treatments is expected to drive the market growth.
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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 country-level data and insights on the China spinal implants and devices market , including forecasts for subscribers. This country databook contains high-level insights into China spinal implants and devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China spinal implants and devices market size, by product, 2018-2030 (US$M)
China Spinal Implants And Devices Market Outlook Share, 2023 & 2030 (US$M)
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