North American Spinal Implants market is anticipated to grow at a CAGR around 5.2% during the forecast period. North American spinal implants market owing to the rising number of spinal fusion procedures and technological innovations in spine implants. The increase in spinal fusion surgeries has been primarily resulting in the country owing to the significant aging population base in the North America. The aging effects can lead to the narrowing of the spinal canal, which increases the risk of spinal stenosis. As per the Population Reference Bureau (PRB), the number of Americans aged 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060, and their share of the total population will rise from 16% to 23%. The rising aging population is accelerating the demand for spine surgeries, which thereby contributes to the adoption of spinal implants in the North America.
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Geographically, the North American Spinal Implants market is segmented into US and Canada. The US is estimated to be significant growth rate during the forecast period. Moreover, Canada is estimated to grow at the highest rate in the market over the forecast period.
North American Spinal Implants market is segmented on the basis of type, material and end-user. Based on type, the market is segmented into fusion implants and non-fusion implants. Based on material, the market is segmented into metallic, polymeric and ceramic. Based on end-user, the market is segmented into hospitality & clinics and ambulatory surgical centers.
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North American Spinal Implants Market Segmentation
By Type
- Fusion Implants
- Non-Fusion Implants
By Material
- Metallic
- Polymeric
- Ceramic
By End-User
- Hospitals & Clinics
- Ambulatory Surgical Centers
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