Spinal Implants Market by Product and Geography - Forecast and Analysis 2020-2024

 

The spinal implants market and it is poised to grow by $ 2.75 bn during 2020-2024, progressing at a CAGR of about 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is concentrated, and the degree of concentration will accelerate during the forecast period. B. Braun Melsungen AG, Globus Medical Inc., Johnson & Johnson, Medtronic Plc, MicroPort Scientific Corp., NuVasive Inc., Orthofix Medical Inc., RTI Surgical Inc., Stryker Corp., and Zimmer Biomet Holdings Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The rising prevalence of spinal disorders has been instrumental in driving the growth of the market. However, frequent product recalls might hamper market growth.

Spinal Implants Market 2020-2024 : Segmentation

Spinal Implants Market is segmented as below:

• Product
• Spinal Fusion Implants
• Non-fusion Spinal Implants
• Geographic Landscape
• Asia
• Europe
• North America
• ROW

Spinal Implants Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our spinal implants market report covers the following areas:

• Spinal Implants Market size
• Spinal Implants Market trends
• Spinal Implants Market industry analysis

This study identifies technological advances as one of the prime reasons driving the spinal implants market growth during the next few years.

Spinal Implants Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the spinal implants market, including some of the vendors such as B. Braun Melsungen AG, Globus Medical Inc., Johnson & Johnson, Medtronic Plc, MicroPort Scientific Corp., NuVasive Inc., Orthofix Medical Inc., RTI Surgical Inc., Stryker Corp., and Zimmer Biomet Holdings Inc. Backed with competitive intelligence and benchmarking, our research reports on the spinal implants market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.