Global metallic spinal implants market is anticipated to grow at a CAGR around 5.1% during the forecast period. Most spinal implants are developed from metals, including stainless steel, titanium, or titanium-alloy, which in turn, has contributed to the largest share of metallic spinal implants market during the forecast period. Metals used in spinal implants include surgical grade stainless steel, cobalt-chromium (Co-Cr) alloys and pure commercial titanium or titanium alloys. Stainless steel has been in use for medical applications since 1990 and is used for non-permanent implants, for instance, internal fixation devices, due to its poor fatigue strength and liability to undergo plastic deformation.
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Global Metallic spinal implants market is segmented on the basis of type, and end-user. Based on type, the market is segmented into stainless steel, cobalt chrome, and titanium. Based on end-user, the market is segmented into hospitality & clinics and ambulatory surgical centers.
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. Moreover, in January 2020, CoreLink announced the completion of the implantation of over 5,000 3D printed orthopedic devices using its proprietary Mimetic Metal technology. Mimetic Metal is an additively manufactured technology that combines a lattice framework and inner trabecular pores for emulating the structural, functional and physiological properties of bone. The design of Mimetic Metal tends to create anisotropic stiffness for helping with load transfer as bone density adapts to functional forces on the bone.
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Global Metallic Spinal Implants Market Segmentation
By Type
- Stainless Steel
- Cobalt Chrome
- Titanium
By End-User
- Hospitals & Clinics
- Ambulatory Surgical Centers
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