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Market Research Report
Product code
1043491
Spine Implants Market Market Report Suite - Europe - 2022-2028 - MedSuite |
Spine Implants Market Market Report Suite - Europe - 2022-2028 - MedSuite |
Published: December 9, 2021
iData Research Inc.
Content info: 857 Pages
Delivery time: 1-2 business days
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Throughout this medical market research, iData Research analyzed 58 spinal implants companies in Europe and utilized thier comprehensive methodology to understand the Market Sizes, Unit Sales, ASPs, Company Market Shares, and to create accurate forecasts.
While this report suite contains all data, each of the markets are also available as stand alone MedCore reports. You can view all these included reports and segmentation here:
1. Procedure Volumes for Spinal Implants and VCF - MedPro - Using a number of databases, internal and external, we're able to provide you with the total volume of spinal implants and VCF procedures being performed for each of the markets mentioned in this suite of reports.
2. Cervical Fixation Market - MedCore - Segmented into 2 main markets, Anterior Cervical Fixation Market and Posterior Cervical Fixation Market.
3. Thoracolumbar Fixation Market - MedCore - Covers segmentation into Degenerative Thoracolumbar Fixation by Approach and Levels Treated, Deformity Correction Thoracolumbar Fixation, and Trauma/Tumor Thoracolumbar Fixation.
4. Interbody Device Market - MedCore - This market is segmented into the ALIF, PLIF, TLIF, CIF, VBR/Corpectomy, Expandable Interbody Device, and Standalone Interbody Markets.
5. Motion Preservation Device Market - MedCore - Segments include Artificial Discs and Dynamic Stabilization.
6. Vertebral Compression Fracture Market - MedCore - This report considers the Vertebroplasty Market and Percutaneous Vertebral Augmentation Market.
7. Spinal Electrical Stimulation Device Market - MedCore - Further segmented into Cervical Electrical Stimulation Devices and Lumbar Electrical Stimulation Devices.
8. Spinal Surgery Instrumentation Market - MedCore - Spinal instrumentation is used to stabilize the spine during fusion procedures, typically by lessening the pressure put on the spine until successful fusion has occurred.
European Spinal Implants Market Insights:
2021 was a critical year for the spinal implant and VCF market, due to the impact of the COVID-19 pandemic, which started in late 2019. Many countries put restrictions in place to control the pandemic, which resulted in a decline in many procedures. As the rate of vaccinated people increased and the restrictions loosened in 2021 to some extent, almost all segments of the market were on the path to full recovery and some even exceeded the pre-pandemic market values. It is important to note that the high growth rates in different segments can be misleading, as these rates are compared to those from 2020, when the market declined due to the pandemic. The European spinal implant and VCF market is expected to continue experiencing growth and reach pre-pandemic trends by 2023.
Another component for the growth of the market is the rise of procedures to match the demographic group over the age of 50. As the population of this group is rising, the volume of procedures is expected to raise accordingly. Another factor that plays a vital role in the rise of minimally invasive spinal (MIS) surgeries is the preference of patients for this technique. MIS would lead to less trauma and recovery time and most patients prefer to opt for this type of surgery.
The improvement of technology is another contributor to the growth of the market. As technology improves, the price of production for 3D printed metal interbody devices lowers and the units sold would increase, causing the market value for 3D printed interbody devices to rise and become a sizeable market within Europe.
Overall, the European spinal implant and VCF market was valued at €1.6 billion in 2021. This is expected to increase over the forecast period at a CAGR of 3.3% to reach €2 billion.