Report Details

Global Fusion Spinal Implants Market Size, Share, Forecast Report, 2020-2027

Global fusion spinal implants market is anticipated to grow at a CAGR around 4.8% during the forecast period. The factor contributing to the fusion spinal implants market growth is the increase in the number of spinal surgeries during the forecast period. These implants are used during spinal fusion procedures and are normally used in combination with a bone graft. Fusion spinal implants involve the procedure in which instruments such as plates, cages and screws are utilized so that the bone can grow easily. These implants are also flexible so that the spine can be bend.

Global fusion spinal implants market is segmented on the basis of type, and end-user. Based on type, the market is segmented into interbody cages, plates, rods, screws and others. Based on end-user, the market is segmented into hospitality & clinics and ambulatory surgical centers.

The key players that are active in the market include Alphatec Holdings, Inc., DePuy Synthes, Globus Medical, Inc., Medicrea, Medtronic, PLC., NuVasive, Inc, Orthofix International N.V., RTI Surgical, Inc., Stryker Corp. and Zimmer Biomet Holdings Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market. For instance, in February 2020, Medicrea announced the US FDA clearance of the patient-matched spinal interbody cages, named UNiD IB3D. These interbody cages are 3D-printed titanium-based implants that are designed to customize cage dimensions and are the company's first fusion spinal implant to be commercially out in the market. Thus, the development and the FDA clearance of such devices are anticipated to enhance the growth of the market.

Research Methodology

The market study of the Global Fusion Spinal Implants market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

Financial reports of companies involved in the market.

Whitepapers, research-papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.