The global flexible spinal implants market is anticipated to grow at a CAGR of around 4.8% during the forecast period. The usage of spinal implants during spine fusion surgery in combination with bone graft contributes to the growth of the spinal implants market. The increase in the number of spine fusion surgery with use of instruments including plates, screws, rods, and cages has also increased the demand for spinal implants.
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Furthermore, there are many innovations in spinal implants due to which people are getting benefit of during and after spine sugeries. For instance, in March 2019, MiRus has got the approval of a new proprietary metal alloy from the US Food and Drugs Administration (FDA) called molybdenum rhenium (MoRe). This new alloy material is claimed to be more durable, smaller, thinner, and bio-friendly for manufacturing new spinal implants. It also has some benefits for patients including improved recovery time, and minimization of soft tissues disruptions due to MoRe alloy being 3 times stronger and fatigue-free than other materials used for manufacturing spinal implants. The new innovations in spinal implants have also increased the number of patients who go for spine surgery without getting worried about the complications. For instance, in February 2021, Nexus Spine two products ‘PressOn’ and ‘Tranquil’. PressOn is designed for human spine stabilization and Tranquil is designed for interbody fusion. Both implants are containing complain mechanism technology making the biocompatible materials such as titanium feel and behave like organic human tissues. The technology is designed to mimic body movements through flexibility. Spinal implants are becoming safer and easier to use for spine surgery to help patients to recover from different spine problems including Osteoporosis, Degenerative Disc Diseases, Lumber support, and Others. Resulting in demand for spinal implants.
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Market Coverage
- Segment Covered-
o By Type
o By End-users
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- DePuy Synthes, Medtronic Inc., NuVasive Inc., Stryker Corp., Zimmer Biomet Holdings Inc., and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Flexible Spinal Implants Market Report Segment
By Type
- Cages
- Rods
- Screws
- Plates
By End Users
- Hospitals and Clinics
- Ambulatory Surgical Centers
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