Enjoy complimentary customisation on priority with our Enterprise License!
The global spinal trauma devices market size is estimated to grow by USD 540.72 million at a CAGR of 5.77% between 2022 and 2027.
Surgeons and patients around the world are increasingly opting for minimally invasive and non-invasive procedures. Advancements in spinal trauma devices have led to an increasing number of clinical trials and new products entering the market. In the field of spinal trauma, minimally invasive techniques are gaining popularity as they are effective in treating a variety of conditions while minimizing the associated risks and complications. As a result, there is an increasing demand for specialized spinal implants & devices for minimally invasive procedures, including interventional spine devices. The acceptance rate of minimally invasive spinal interventional procedures is increasing, which is expected to propel the growth of the global spinal trauma device market during the forecast period.
Technavio has segmented the market into Product, End-user and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
To learn more about this report, Request Free Sample
The market share growth by the internal fixation devices segment will be significant during the forecast period. There are different types of internal fixation devices used in spine surgery. Spine plates and screws are a common type. These devices are made from biocompatible materials such as titanium or stainless steel. Another type of internal fixation device is the spinal rod. These rods are inserted into the spine and attached to screws or hooks placed in vertebrates above and below the site of the fracture.
Get a glance at the market contribution of various segments View a PDF Sample
The internal fixation devices segment was valued at USD 1,021.58 million in 2017. Internal immobilizers are used in the surgical treatment of spinal fractures, providing stability and support to the spine that is injured. They help immobilize and align the spine, aid in the healing process, and prevent further damage. The increasing prevalence of spinal disorders, advances in medical technology and surgical techniques, the growing need for minimally invasive procedures, the growing geriatric population, and the focus on Focusing on improving patient outcomes and quality of life will propel the growth of the global spinal trauma devices market in the internal fixed equipment segment during the forecast period.
Hospitals are experiencing a rising demand for spinal implants & devices to effectively treat spinal disorders. Hospitals are often at the forefront of R&D activities in the field of spinal trauma equipment. They are more likely to participate in clinical trials and partner with medical device manufacturers to test and evaluate new technologies. Furthermore, hospitals often undergo expansion and modernization to accommodate the growing number of patients and provide cutting-edge medical services. This makes it necessary to update spinal injury equipment. Thus, such factors will drive the growth of the global spinal trauma market across the hospital segment during the forecast period.
Ambulatory Surgical Centers (ASCs) constitute an important end-user segment in the global spinal implants & devices market. ASC offers cost-effective options for patients and payers. ASCs offer a more convenient and efficient patient experience. Patients can have surgery and go home the same day, avoiding many stays in the hospital. In addition, advances in technology have made it possible to perform complex spinal procedures in ASC. As technological innovations continue to enhance surgical techniques and outcomes, the acceptance and use of ASCs for the treatment of spinal cord injuries are likely to grow during the forecast period.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
Get the report (PDF) sent to your email within minutes.