Spinal Fusion Devices Market

The report "Spinal Fusion Devices Market by Product (Thoracolumbar Fusion Devices (Anterior, Interbody Fusion), Cervical Fusion Devices (Anterior Cervical Plates, Anterior Cervical Screws, Cervical Interbody Fusion Devices, Posterior Cervical Plates, Posterior Cervical Screws, Posterior Cervical Rods)), Surgery (Open, MIS), End-User (Hospitals, Trauma Centers) – Global Forecasts to 2027", is projected to reach USD 8.9 billion by 2027 from USD 6.5 Billion in 2022, at a CAGR of 6.5% during the forecast period

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Factors such as rising incidence of spinal disorders & related accidental cases, technological advancements in the field of surgical implants & related biomaterials, availability of reimbursements for target surgical procedures in mature markets, and rising awareness about the different surgical modalities are expected to support the growth of spinal fusion devices market.

Thoracolumbar fusion devices to command the largest revenue share as of 2022

Based on product type, the spinal fusion devices market is segmented into Cervical fixation devices and Thoracolumbar fusion devices. In 2022, thoracolumbar fusion devices accounted for the largest share, mainly owing to rising cases of spinal & back pain coupled with a growing number of related surgical procedures worldwide.

North America to command the largest share of the Spinal fusion device  market in 2022

Based on region, the spinal fusion devices market is segmented into North America, Europe, the Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for the largest spinal fusion devices market share in 2022. The dominant position of the North American market is primarily driven by the high prevalence of spinal conditions, the rapid adoption of hybrid & 3D-printed surgical implants, and well-established players in the region.

As of 2022, major players operating in the spinal fusion devices market include Zimmer Biomet Holdings, Stryker Corporation, Exactech, Globus Medical, NuVasive, Medtronic Plc, Captiva Spine, Centinel Spine, Johnson & Johnson, Orthofix International, Seaspine, Wenzel Spine, and B Braun Melsungen, among others.

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