Spinal Trauma Device Market Report: Trends, Forecast and Competitive Analysis to 2030

Spinal Trauma Device Trends and Forecast

The future of the global spinal trauma device market looks promising with opportunities in the hospital, ambulatory surgical center, and clinic markets. The global spinal trauma device market is expected to reach an estimated $4.5 billion by 2030 with a CAGR of 3.2% from 2024 to 2030. The major drivers for this market are increasing number of spinal cord injuries, rising number of road accidents, and growing preference for specialized spinal implants & devices for minimally invasive procedures.

A more than 150-page report is developed to help in your business decisions.

Spinal Trauma Device by Segment

The study includes a forecast for the global spinal trauma device by product, surgery type, technology, end use, and region.

Spinal Trauma Device Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Internal Fixation Devices
• External Fixation Devices

Spinal Trauma Device Market by Surgery Type [Shipment Analysis by Value from 2018 to 2030]:

• Open Surgery
• Minimally Invasive Surgery

Spinal Trauma Device Market by Technology [Shipment Analysis by Value from 2018 to 2030]:

• Fusion and Fixation Technology
• Vertebral Compression Fracture Treatment
• Motion Preservation Technologies

Spinal Trauma Device Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Ambulatory Surgical Centers
• Clinics
• Others

Spinal Trauma Device Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Spinal Trauma Device Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies spinal trauma device companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the spinal trauma device companies profiled in this report include-

• Arthrex
• B. Braun Melsungen
• Conmed
• Depuy Synthes
• Globus Medical
• Medtronic
• Nuvasive
• Orthofix
• Rewalk Robotics
• Smith & Nephew

Spinal Trauma Device Market Insights

Lucintel forecasts that internal fixation device is expected to witness higher growth over the forecast period due to its growing demand among patients give to its advantages, such as affordability, adaptability, durability, and reduced need for postoperative follow-up visits.

Ambulatory surgery center is expected to witness highest growth over the forecast perioddue to significant demand for spinal trauma devices in this center given to its advantages, such as lower medical expenses, shorter hospital stays, patient-friendly outpatient care, and availability of one-day care.

North America is expected to witness highest growth over the forecast period due to rapid adoption of modernized medical technology, existence of robust healthcare infrastructure, and presence of key manufacturers in the region.

Features of the Global Spinal Trauma Device Market

Market Size Estimates: Spinal trauma device market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Spinal trauma device market by various segments, such as by product, surgery type, technology, end use and region in terms of($B).

Regional Analysis: Spinal trauma device market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, surgery types, technologies, end uses, and region.s for the spinal trauma device market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the spinal trauma device market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1. What is the spinal trauma device market size?

Answer: The global spinal trauma device market is expected to reach an estimated $4.5 billion by 2030.

Q.2. What is the growth forecast for spinal trauma device market?

Answer: The global spinal trauma device market is expected to grow with a CAGR of 3.2% from 2024 to 2030.

Q.3. What are the major drivers influencing the growth of the spinal trauma device market?

Answer: The major drivers for this market are increasing number of spinal cord injuries, rising number of road accidents, and growing preference for specialized spinal implants & devices for minimally invasive procedures.

Q.4. What are the major segments for spinal trauma device market?

Answer: The future of the spinal trauma device market looks promising with opportunities in the hospital, ambulatory surgical center, and clinic markets.

Q.5. Who are the key spinal trauma device market companies?

Answer: Some of the key spinal trauma device companies are as follows:

• Arthrex
• B. Braun Melsungen
• ConMed
• DePuy Synthes
• Globus Medical
• Medtronic
• NuVasive
• Orthofix
• Rewalk Robotics
• Smith & Nephew

Q.6. Which spinal trauma device market segment will be the largest in future?

Answer: Lucintel forecasts that internal fixation device is expected to witness higher growth over the forecast period due to its growing demand among patients give to its advantages, such as affordability, adaptability, durability, and reduced need for postoperative follow-up visits.

Q.7. In spinal trauma device market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rapid adoption of modernized medical technology, existence of robust healthcare infrastructure, and presence of key manufacturers in the region.

Q.8. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the spinal trauma device market by product (internal fixation devices and external fixation devices), surgery type (open surgery and minimally invasive surgery), technology (fusion and fixation technology, vertebral compression fracture treatment, and motion preservation technologies), end use (hospitals, ambulatory surgical centers, clinics, and others), and region. (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?