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Demand For Spine Products Is Anticipated To Rise At A CAGR Of 4.5% Through 2031

Sales revenue from the global spine devices market was recorded at US$ 11 Bn in 2020, and is predicted to increase 1.5X by the end of the decade. These findings are from a revised analysis performed by Fact.MR, a market research and competitive intelligence provider. Demand for spine products is anticipated to rise at a CAGR of 4.5% through 2031.

The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Spine Devices Market both at worldwide and provincial levels.

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Market Players: –

  • Exactech Inc.
  • NuVasive Inc.
  • DePuy Synthes
  • Amedica Corporation
  • Braun Melsungen AG
  • Arthrocare
  • Medtronic Plc.
  • K2M Group Holding Inc.
  • Stryker Corporation
  • Zimmer Biomet Holdings Inc.

Competitive Landscape

Leading players in the spine devices market are focusing on developing new devices to reduce the complexity of spinal procedures. The focus is on developing new and advanced devices that are more precise and efficient.

  • A spine technology company, Spinal Elements, in September 2021, announced the commercial launch of its two Luna XD and Orbit Systems. These products are part of the company’s newest technology range in the MIS Ultra platform, which also has procedural solutions as well.
  • A leading medical device company, Centinel Spine LLC, in September 2021, announced the launch of new endplate implants. This would expand the variety of options to choose from for patients as well as medical professionals. Demand for spinal implants and devices is expected to drive such launches by different players operating in the market.
  • In the first week of October 2021, Medtronic, a leading name in the medical device industry, announced the launch of three new devices to its spinal devices portfolio. They will be a part of the minimally invasive spinal ecosystem that the company is building.

Key Segments Covered in Spine Devices Industry Survey

  • By Product:
    • Spinal Rods
    • Spinal Screws
    • Spinal Hooks
    • Spinal Plates
    • Spinal Cages
    • Spinal Spacers
    • Motion Preservation Devices
    • Total Disc Replacement
  • By End User:
    • Hospitals
    • Orthopaedic Clinics
    • ASCs

What Do You Get in a Fact.MR Study?

  • Factors affecting the overall development of the global Spine Devices Market
  • Factor that might restrain the growth of the global market in the coming years of the forecast period.
  • What is present competitive scenario of the global Spine Devices Market and its intricate details concerning potential business prospects of leading market players
  • Pricing strategies of several different market players in the global Spine Devices Market

Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
  • EU – (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
  • CIS & Russia
  • Japan
  • Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)

How Fact.MR Assists in Making Strategic Moves?

The data provided in the Spine Devices Market report offers comprehensive analysis of important industry trends. Industry players can use this data to strategize their potential business moves and gain remarkable revenues in the upcoming period.

The report covers the price trend analysis and value chain analysis along with analysis of diverse offering by market players. The main motive of this report is to assist enterprises to make data-driven decisions and strategize their business moves.

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