Global Sales of Spinal Trauma Devices Is Expected To Reach US$ 5.2 Billion by 2032

The global sales of spinal trauma devices market is currently valued at US$ 3.2 billion and is expected to reach US$ 5.2 billion by 2032, expanding at a CAGR of 5% from 2022 to 2032.

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There are several types of internal fixation devices and external fixation devices used for spinal trauma as per the needs of respective patients. Global sales of internal fixation devices are predicted to increase at a healthy CAGR of 5.5% during the forecast period (2022-2032). Internal fixators have a high patient preference due to their superior procedural results. Internal fixators also promote quicker healing and shorter hospital stays, which influences customer demand.

Competitive Landscape

As a result of the increased technological discoveries and product improvements, mid-size to smaller businesses are expanding their market share by providing new technologies with higher usability.

• In September 2019, Stryker released a spine journal in which the company discussed the results of Sakos' pivotal trials or spinejack system. In terms of decreasing ALF (adjacent level fracture) and reconstructing the vertebral body, the trial's findings demonstrated that the spinejack system is superior to alternative methods.

• Medtronic unveiled the Infinity OCT spinal system in September 2018. The device was developed to ensure effective cervical spinal surgery and is outfitted with biologics and navigation. The efficiency of the neck and upper back fusion processes will be improved with increased usage of the infinite OCT spinal system.

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Key Companies Profiled:

• Arthrex, Inc.
• B. Braun Melsungen AG
• ConMed Corporation
• DePuy Synthes
• Globus Medical, Inc.
• Medtronic PLC
• NuVasive, Inc.
• Orthofix International NV
• Rewalk Robotics Ltd.

"In North America, there are more cases of spinal disorders and a well-developed healthcare system"

Spinal disorders are a major health concern in North America, with an estimated 10 million people in the United States alone suffering from some form of spinal disorder. The most common spinal disorders include herniated discs, spinal stenosis, scoliosis, and degenerative disc disease.

In the United States, the healthcare system is well-developed and provides access to a variety of treatments for spinal disorders, including physical therapy, medications, and surgery.

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Key Segments:

• By Product:

o Internal Fixation Devices
o External Fixation Devices

• By End User:

o Hospitals
o Ambulatory Surgical Centers
o Clinics
o Others

• By Region:

o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

Questionnaire answered in the report include:

• How the industry has grown?
• What is the present and future outlook on the basis of region?
• What are the challenges and opportunities?
• Why the consumption in region?
• In which year segment is expected to overtake segment?

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This release was published on openPR.