Spinal Implants and Surgery Devices Market Size Worth USD 18.41 … – GlobeNewswire

Vancouver, Nov. 16, 2023 (GLOBE NEWSWIRE) -- The global spinal implants and surgery devices market is projected to be worth USD 18.41 Billion by 2032, according to a current analysis by Emergen Research. The spinal implants and surgical devices market is observing high demand attributed to the growing geriatric population. The growing geriatric population is a major factor stimulating market demand. It has been estimated that by 2050 approximately 16.0% of the global population will be aged more than 65 years, which is expected to increase five-fold since 1950. Aging, among other factors, is responsible for facet joints deterioration causing many spinal disorders. Thus, the rising incidence of spine problems in the growing geriatric population is estimated to boost the growth of the spinal implants and surgical devices market in the forecast period.

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Scope of Research

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Major Companies and Competitive Landscape

The leading players in the spinal implants and surgery devices market are equipped with enhanced production facilities and are involved in various R&D activities. A few leading players in the spinal implants and surgery devices market include:

Strategic Development

In March 2019, RTI Surgical Holdings, Inc., a firm involved in surgical implant, made an announcement about the completion of the acquisition of Paradigm Spine, LLC, involved in non-fusion and motion preservation spinal implant technology.

In August 2019, NuVasive, Inc., a leading spine technology innovation firm, made an announcement about the commercial introduction of titanium spinal implant, Modulus TLIF-A, for use in transforaminal lumbar interbody fusion procedure.

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Some Key Highlights from the Report

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Emergen Research has segmented the global spinal implants and surgery devices market on the basis of product type, technology, surgery type, end-user, and region:

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About Emergen Research

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Spinal Implants and Surgery Devices Market Size Worth USD 18.41 ... - GlobeNewswire