Spinal Implant Market Size Development Competitive Landscape and Key Regions 2028
Trends,
Global Market Insights recently introduced report on global Spinal Implant Market report is an in-depth study providing complete analysis of the industry for the period 2022 to 2028. It provides complete overview of the industry considering all the major industry trends, market dynamics and competitive scenario. Get Sample Copy Of This Research Report @ https://www.gminsights.com/requestsample/detail/5148 The spinal implants market is expected to observe optimistic growth through 2027 owing to rising prevalence of spine-related conditions across the globe. Spinal implants refer to devices that are used by surgeons for stabilizing and strengthening the spine, treating deformity, and facilitating fusion during surgery. These devices are used to treat a range of disorders, including scoliosis, degenerative disc disease, spondylolisthesis, kyphosis, and fracture. Notably, recent technological advancements have positively influenced the product landscape. For instance, in June 2021, a team from the University of Cambridge devised a novel ultra-thin and inflatable device to be used in the treatment of the most severe forms of pain without requiring invasive surgery. The innovative device utilizes a combination of microfluidics, soft robotic fabrication techniques, and ultra-thin electronics. Moreover, industry players have been adopting profitable strategies to capitalize on growth opportunities, thereby enhancing market dynamics. To cite an instance, in October 2021, Intelligent Implants, a bioelectronics company, raised USD 8.7 million to make spinal surgery less painful with the help of its smart implants. The spinal implants market has been segmented on the basis of product type, application, material, surgery, indication, and region. Based on product type, the market has further been divided into spinal fusion implants, artificial discs, dynamic stabilization devices, and others. The spinal fusion implants sub-segment is projected to exceed a valuation of USD 6,379.5 million by 2027, progressing at a notable CAGR through the assessment timeframe. From the application perspective, the market has been categorized into thoracic, cervical, and lumber. In 2020, the cervical sub-segment was valued at more than USD 927 million and is estimated to grow at a robust pace over 2021-2027. Partial Table of Contents (ToC) of the report: Chapter 5 Spinal Implant Market, By Application 5.1 Key segment trends © 2022 Global Market Insights Inc. All Rights Reserved
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