UK Spinal Implants And Devices Market Size & Outlook
UK spinal implants and devices market, 2018-2030 (US$M)
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UK spinal implants and devices market highlights
- The UK spinal implants and devices market generated a revenue of USD 528.1 million in 2023 and is expected to reach USD 758.1 million by 2030.
- The UK market is expected to grow at a CAGR of 5.3% 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 528.1 million |
| Market revenue in 2030 | USD 758.1 million |
| Growth rate | 5.3% (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, UK accounted for 4.0% 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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UK 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 58.1% in 2023. Horizon Databook has segmented the UK 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.
Rise in the number of orthopedic surgeons performing spinal fusion surgeries along with the increased scope for motion preservation technology in the UK contributed to the market growth. According to the Spinal Injuries Association, in 2015, SCIs were prevalent amongst 40,000 people in the UK.
This led to a high demand for spinal surgeries. In the UK, yearly around 1,200 individuals are paralyzed due to spinal injuries and a person is paralyzed every 8 hours required care and treatment for patients suffering from 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 UK spinal implants and devices market , including forecasts for subscribers. This country databook contains high-level insights into UK spinal implants and devices market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK spinal implants and devices market size, by product, 2018-2030 (US$M)
UK Spinal Implants And Devices Market Outlook Share, 2023 & 2030 (US$M)
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