Market Research Future (MRFR) assessed the worldwide flexible spinal implants market 2020 across the review period 2017 to 2023. The flexible spinal implants market is expected to surge at about 13.2% through the analysis period. By 2023, the flexible spinal implants market is likely to touch 4 Bn USD. COVID 19 analysis for the global flexible spinal implants market is offered with the report. Spinal implants offer easy fusion and better stability of spine by strengthen it. The increase in cases of spinal level deformities and the need for cure is boosting the adoption of high value flexible spinal implants. This is expected to support expansion of the global flexible spinal implants through the analysis period.
In addition, the increase in need to treat disorders, such as; kyphosis, scoliosis, spondylolisthesis, and fracture can boost the need to fuse two vertebrae together and replace with natural disc material that can generate need for flexible spinal implants. This is expected to support expansion of the market along the evaluation period. In addition, introduction of disruptive techniques that are used to immobilize vertebrae to curb or eliminate pain and contributed significantly to spine level treatment can promote expansion of the flexible spinal implant market in the years to come. The evolution to new age spine implants and related devices can add momentum to the market rise. The growing application of these implants for the treatment of degenerative changes in spine misalignments can also promote the market rise.
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Paradigm Spine LLC, Abbott Spine, Inc., Medtronic plc., Raymedica, Stryker Corporation, K2M Group Holdings, Zimmer Biomet Holdings, Inc., Alphatec Holdings, Inc., B. Braun Melsungen AG, Orthofix International N.V., and NuVasive, Inc., among others are some potential flexible spinal implants market that are recognized by MRFR.
The segment analysis of the global flexible spinal implants market is done by type and applications.
- By Type-based segments of the flexible spinal implants market are hooks, rods, plates, pedicle screws, and cages among others.
- By Applications-based segments of the flexible spinal implants market are lumbar, thoracic, artificial discs, and cervical among other.
The growing adoption of different surgical solutions, such as motion preservation devices, spinal fusion implants, spine bone stimulators, vertebral compression fracture (VCF) devices, and spine biologics can support expansion of the flexible spinal implants market. The availability of spinal devices, such as cervical fixation devices, thoracolumbar devices, and interbody fusion devices can contribute largely to the market expansion. In addition, the presence of robust medical devices, such as vertebral compression fracture devices, such as vertebroplasty devices and balloon kyphoplasty devices, can support expansion of the market along the review period.
In North America, the flexible spinal implants can rise at considerable pace through the study period. The regional market surge can be credited to the adoption of spinal implants and related devices for surgery. The growing adoption of these reputed procedure, expansion of aging population, and rise in incidences of spinal impairments can support expansion of the market across the review period.
In addition, surge in the healthcare spending as boost in sales of devices and implants can favor expansion of North America flexible spinal implants across the analysis period. As per MRFR review, the flexible spinal implant market in North America can expand at 5.3% CAGR across the review period. In Asia Pacific, the flexible spinal implants can thrive at 6.9% CAGR across the assessment period. Improvements in the medical infrastructure and rise in expenditure can promote expansion of the markets across the review period.