Europe Spinal Implants Market, By Product (Fusion Devices, Non-Fusion Devices, Spine Biologics, Spine Bone Stimulators and Others), Material (Metals, Ceramic, Biomaterial, Polymers and Others), Technology (Fusion, Spine Biologics, VCF, Decompression, Motion Preservation and Others), Surgery Type (Open Surgeries and Minimally Invasive Surgeries), End User (Hospitals, Specialty Clinics, Spine Centers, Trauma Centers, Ambulatory Surgical Centers (ASCs) and Others), Distribution Channel (Direct Tender and Retail Sales), Country (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and Rest of Europe) Industry Trends and Forecast to 2028
Market Analysis and Insights : Europe Spinal Implants Market
The spinal implants market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 5.1% in the forecast period of 2021 to 2028 and is expected to reach USD 4,046.30 million by 2028. Rising prevalence of spinal and degenerative disc disease conditions lead to increased adoption of spinal implants acting as driver for the spinal implants market.
Spinal implants are devices that surgeons utilize during surgery to manage disorders related to the spine and mitigate back pain and strengthen the spine. These implants are made of bio-compatible and body-friendly materials widely used in treating spinal injuries such as degenerative disc diseases, degenerative spinal disorders, scoliosis, kyphosis and others.
Rising awareness of spinal implants and increasing risk of spinal deformities and disorders are anticipated to fuel the spinal implants market growth. High cost of spinal implants and associated procedures and increasing product recalls is expected to restraint the growth of the spinal implants market. Strategic initiatives done by the key market players to expand its market presence among others are expected to act as an opportunity for its growth in the spinal implants market. Side-effects of spinal implants and inadequate reimbursement coverage is expected to act as a challenge for the growth of the spinal implants market.
The spinal implants market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the spinal implants market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Spinal Implants Market Scope and Market Size
The spinal implants market is categorized into six notable segments based on product, materials, technology, surgery type, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the spinal implants market is segmented into fusion devices, non-fusion devices, spine biologics, spine bone stimulators and others. In 2021, the fusion devices segment is expected to dominate the market due to escalation in the geriatric populace leading to increased incidence of degenerative spinal disorders, degenerative disc diseases and other spinal disorders.
- On the basis of material, the spinal implants market is segmented into metals, ceramic, biomaterial, polymers and others. In 2021, the metals segment is expected to dominate the market due to the cost-effectiveness and wide applications of these materials.
- On the basis of technology, the spinal implants market is segmented into fusion, spine biologics, VCF, decompression, motion preservation and others. In 2021, the fusion segment is expected to dominate the market due to the rise in incidences of target diseases such as degenerative disc disease and spinal stenosis and due to lesser complications.
- On the basis of surgery type, the spinal implants market is segmented into open surgeries and minimally invasive surgeries. In 2021, the open surgeries segment is expected to dominate the market due to the rising incidence of spinal deformities, surging preference for open spine surgeries among medical professionals and the technological advancements in spinal fusion surgeries.
- On the basis of end user, the spinal implants market is segmented into hospitals, specialty clinics, spine centers, trauma centers, ambulatory surgical centers (ASCs) and others. In 2021, the hospitals segment is expected to dominate the market by end user because hospitals are the primary procurement of services in an accident or injury requiring any spine surgeons.
- On the basis of distribution channel, the implants market is segmented into direct tender and retail sales. In 2021, the direct tender segment is expected to dominate the market as it provides quality and accessible spinal implant products to various hospitals, spine and trauma centers.
Europe Spinal Implants market Country Level Analysis
Europe spinal implants market is analysed and market size information is provided by the country, product, materials, technology, surgery type, end user and distribution channel as referenced above.
The countries covered in the Europe spinal implants market report are the Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland and rest of Europe.
Germany is dominating in the Europe spinal implants market due to the increased geriatric population and technological advancement in the country. The U.K. is dominating in the Europe spinal implants market with the second highest market share as the demand for spinal implants in the healthcare sector in the country and worldwide is increasing. While, France is dominating in the Europe spinal implants market with the third highest market share owing to the increased risk of spinal disorders and deformities.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
New Product Launches by Manufacturers is creating new opportunities for Players in the Spinal Implants Market
The spinal implants market also provides you with detailed market analysis for every country growth in aesthetic industry with spinal implants market sales, impact of advancement in the spinal implants market and changes in regulatory scenarios with their support for the Spinal implants market. The data is available for historic period 2011 to 2019.
Competitive Landscape and Spinal Implants market Share Analysis
The spinal implants market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe spinal implants market.
The players covered in the Europe spinal implants market report are Medtronic, Canwell Medical Co., Ltd., NuVasive, Inc., SeaSpine, Globus Medical, RTI Surgical, MW Industries, Inc. (MWI), XTANT MEDICAL, SINTX Technologies, Inc, Orthofix Medical, Inc., Alphatec Holdings, Inc., Johnson & Johnson Services, Inc., Tecomet, Inc., Stryker, Zimmer Biomet among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches and agreements are also initiated by the companies’ worldwide which are also accelerating the spinal implants market.
For instance,
- In February 2021, Medtronic announced that major surgeons have utilized Medtronic’s newly approved Midas Rex and Mazor Robotic guidance system for successfully performing minimally invasive spinal procedures. This has become the next step in spine surgeries, thereby increased credibility and revenue over the market.
Collaboration, joint ventures and other strategies by the market players is enhancing the company market in the spinal implants market which also provides the benefit for organisation to improve their offering for spinal implants.
SKU-