Germany Spinal Implants And Devices Market Size & Outlook
Germany spinal implants and devices market, 2018-2030 (US$M)
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Germany spinal implants and devices market highlights
- The Germany spinal implants and devices market generated a revenue of USD 516.4 million in 2023 and is expected to reach USD 750.5 million by 2030.
- The Germany market is expected to grow at a CAGR of 5.5% 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 516.4 million |
| Market revenue in 2030 | USD 750.5 million |
| Growth rate | 5.5% (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, Germany accounted for 3.9% 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 Europe, UK spinal implants and devices market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 750.5 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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Germany 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 58.21% in 2023. Horizon Databook has segmented the Germany 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.
The reimbursement policies in Germany are relatively favorable to physicians or surgeons due to which they are quick to implement new and effectual technologies that are penetrating the market, thereby increasing the scope for expansion. The growing research activities in the field of spinal injuries and disorders along with technological developments contribute to market growth in this region.
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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 Germany spinal implants and devices market , including forecasts for subscribers. This country databook contains high-level insights into Germany spinal implants and devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany spinal implants and devices market size, by product, 2018-2030 (US$M)
Germany Spinal Implants And Devices Market Outlook Share, 2023 & 2030 (US$M)
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