Significant development is predicted for the worldwide spine devices market in 2022 and beyond. North America currently dominates the market. The status is likely to remain unchanged for the next few years. Rising product releases and commercialization partnerships with leading manufacturers and other firms are projected to fuel further expansion of the spinal surgical devices market. The rising cost of spinal surgery and devices, as well as the adverse consequences of spinal surgical instruments, may function as impediments to market growth. The year 2022 will mark the beginning of a change for the spinal devices industry impacted by the pandemic.
The most sensible method to halt the virus’s progress was to impose restrictions. People had to stay indoors. The lockdown affected the entire world. There was a shortage of raw materials, supply chains, and resources. The shortage had an adverse impact on the spine devices industry as well. The year 2022 is seeing a change in the scenario. The worldwide spine implants market is expected to increase at a compound annual growth rate (CAGR) of 7.9% from $10.50 billion in 2021 to $11.32 billion in 2022. The worldwide spinal implants and devices market is worth USD 12.8 billion in 2022 and is predicted to increase at a CAGR of 5.2% from 2023 to 2030.
With operation numbers returning to pre-pandemic levels in 2023, the US market for spine-enabling technology showed signs of blooming opportunity in practically every quarter of 2022. Within a short span of time, spine surgeries, procedures, and associated research has undergone dramatic changes. There are many enterprises at the center of these changes. Here are some of them. The companies included in the list have established themselves as the top solution providers in the space. The list will enable you to choose effectively and fastly
In the United States, Europe, and South America, Amedica Corporation develops, produces, and distributes a variety of medical devices based on silicon nitride ceramic technology. It provides a variety of non-silicon nitride spinal surgical goods as well as Valeo silicon nitride spinal fusion devices for the cervical and thoracolumbar sections of the spine.
In December 2018, Medtronic purchased Mazor Robotics, an Israeli developer of medical devices including a robotic guiding system for spine surgery. Mazor Robotics is a pioneer in spine surgery that offers a safer operating room for patients, doctors, and staff.
IMPLANET is a multinational business with a US subsidiary in Boston and is financed by institutional and individual investors in Europe. IMPLANET specializes in knee and spine goods. The Jazz newest generation implant, the company’s main product, aims to enhance the management of spinal problems necessitating spinal fusion surgery.
RTI Surgical (RTI) is a major worldwide private-label OEM that supports patients and top medical technology firms by offering turnkey services for product development and life cycle management. The firm offers partners in a wide range of market areas, including but not limited to dental, plastic and reconstructive surgery, sports medicine, spine, trauma, and urology/urogynecology
The only nanotechnology interbody fusion devices used in the spinal fusion procedure are made by Titan Spine, a surface technology business. The business is dedicated to modernizing spinal surgery as it improves the field of surface engineering to better treat a variety of diseases of the spine that call for fusion.
Zyga was established with the goal of creating and marketing novel, less invasive surgical treatments for the treatment of common but untreated painful spinal diseases. The business is now in the process of developing the Glyder Facet Restoration Device and marketing the SImmetry Sacroiliac Joint Fusion System.
Offering a wide range of goods and unique technology, Aesculap’s Spine Division is driven by a single philosophy: provide high-quality solutions that assist surgeons in enhancing the quality of a patient’s life.
Accurate interbody and pedicle screw placement is provided via spine navigation at Brainlab. A significant decrease in X-Ray exposure is made possible by this efficiency and accuracy. Brainlab’s contribution toward other critical healthcare segments is commendable.
Aiming for three-dimensional Total Body Balance, K2M Group Holdings, Inc. is a global pioneer in complicated spine and minimally invasive solutions. Since its founding, K2M has created, developed, and marketed cutting-edge minimally invasive spine technologies and methods.
The firm’s goal is to provide comprehensive procedural solutions and enable technology to change patient lives. The company believes in the importance of preoperative decision-making and support tools.