Flexible Spinal Implants Market Size, Share, Growth & Industry Analysis

Global Flexible Spinal Implants Market Size, Share, Growth, Industry Trends, Competitive Analysis and Forecast to 2030

Report ID: RC144859 | Report Format: PDF + Excel | Starting Price: 3600/- USD | Last Updated: July 6th, 2023

The global flexible spinal implants market size was valued at USD 2.5 billion in 2020 and expected to register a significant growth rate of over 13% during the forecast period 2021 to 2027. The increasing incidence of osteoporosis across the globe is a key factor to drive market growth. Furthermore, the rising demand for minimally invasive surgical procedures and technological advancement are some other factors to propel the market growth. Moreover, the rising prevalence of obesity and the rapidly growing aging population around the globe is anticipated to uplift the market over the forecast period.

Report Attributes:

Benchmark Year		2022
Market Size		~ USD 2.5 Billion in 2020
Market Growth (CAGR)		~ 13% (2023-2030)
Largest Market Share
Analysis Period		2020-2030
Market Players		Medtronic, Plc, Abbott Spine, Inc. , RTI Surgical, Zimmer Biomet Holdings, Inc., Stryker Corporation, and Others

Market Drivers:

Increasing Prevalence of Spinal Disorders: The prevalence of spinal disorders, such as degenerative disc disease, spinal stenosis, and scoliosis, is increasing globally. These conditions often require surgical intervention, including the use of spinal implants. The growing incidence of spinal disorders drives the demand for flexible spinal implants.

Technological Advancements in Spinal Implant Materials: Technological advancements in materials used for spinal implants have led to the development of flexible implant options. Flexible spinal implants, such as flexible rods and bands, offer improved flexibility and motion preservation compared to traditional rigid implants. These advancements enhance patient outcomes and drive the adoption of flexible spinal implants.

Preference for Minimally Invasive Spine Surgeries: Minimally invasive spine surgeries have gained popularity due to their advantages, including reduced tissue damage, shorter recovery time, and less post-operative pain. Flexible spinal implants are well-suited for minimally invasive procedures as they can be inserted through smaller incisions and accommodate the natural movement of the spine. The growing preference for minimally invasive spine surgeries contributes to the demand for flexible spinal implants.

Aging Population and Increasing Life Expectancy: The aging population is more susceptible to spinal disorders and conditions, such as osteoporosis and age-related degenerative changes in the spine. As life expectancy increases, the demand for spinal treatments and implants also rises. Flexible spinal implants provide a viable option for elderly patients by preserving motion and reducing the risk of adjacent segment degeneration.

Focus on Patient-Centric Care and Improved Outcomes: The healthcare industry is increasingly focused on patient-centric care and improved patient outcomes. Flexible spinal implants offer the potential for better post-operative functionality, reduced pain, and improved quality of life for patients. The emphasis on patient satisfaction and positive outcomes drives the adoption of flexible spinal implants.

Advancements in Surgical Techniques and Instrumentation: Advances in surgical techniques and instrumentation have made it possible to perform complex spinal surgeries with greater precision and safety. The use of flexible spinal implants in conjunction with these techniques allows for better customization and alignment, optimizing patient outcomes. Surgeons and healthcare providers embrace flexible implants to improve surgical techniques.

Rising Healthcare Expenditure and Infrastructure Development: Increased healthcare expenditure and infrastructure development in emerging economies contribute to the growth of the flexible spinal implants market. Investments in healthcare facilities, surgical equipment, and training programs enable the adoption of advanced technologies and surgical procedures, including the use of flexible spinal implants.

Favorable Reimbursement Policies: Favorable reimbursement policies for spinal surgeries and implants encourage healthcare providers to adopt advanced implant options, including flexible spinal implants. Reimbursement coverage and support from insurance providers contribute to the market growth by facilitating the adoption of flexible spinal implants.

Market Insights:

The global flexible spinal implants market is bifurcated into clinical application, end-user, and geography. On the basis of clinical application, the market is further segmented into thoracic, lumbar, cervical, artificial discs, and others. The cervical segment is accounted to hold the largest market share in 2020 and expected to maintain its dominance over the forecast period. The segment growth is attributed to the increasing osteoporosis around the world in the aging population. According to the latest information shared by International Osteoporosis Foundation (IOF), around 8.9 million osteoporosis fractures occur every year globally, and 35% of them are associated with cervical spinal.

By end-user, the flexible spinal implants market is divided into hospitals & clinics, ambulatory surgical centers, and others. The hospitals and clinics segment dominated the market in 2020 by the revenue due to the increasing number of traumatic accidents around the globe. Furthermore, affordable reimbursement in government-sponsored hospitals is another factor that contributed to the segment growth. An increase recorded in spinal injuries due to increasing traumatic accidents in North America, which is a factor to contribute the regional market share to dominate the global market.

global flexible spinal implants market size

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The flexible spinal implants comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2020 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global flexible spinal implants market size and forecast were obtained by using “Bottom-up” and “Top-down” approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions.

The flexible spinal implants market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Market Segmentation:

By Clinical Application:

Thoracic
Lumbar
Cervical
Artificial Discs
Others

By End User:

Hospital & Clinics
Ambulatory Surgical Centers
Others

By Region:

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Geographic Coverage:

Geographically, the flexible spinal implants market report comprises dedicated sections centering on the regional market revenue and trends. The flexible spinal implants market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The flexible spinal implants market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Flexible spinal implants market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2021 – 2027.

Competition Assessment:

Key players operating in the global flexible spinal implants market are Medtronic, Plc, Abbott Spine, Inc. , RTI Surgical, Zimmer Biomet Holdings, Inc., and Stryker Corporation. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

Medtronic, Plc.
Abbott Spine, Inc.
RTI Surgical
Zimmer Biomet Holdings, Inc.
Stryker Corporation
Braun Melsungen AG.
Orthofix International N.V.
NuVasive, Inc.
Paradigm Spine, LLC.
Alphatec Holdings, Inc.

Key Questions Answered by Flexible spinal implants Market Report:

Global flexible spinal implants market forecasts from 2021-2027
Regional flexible spinal implants market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
Flexible spinal implants submarket forecasts from 2021-2027 covering the market by clinical application, by end-user, and geography
Various industry models such as SWOT analysis, Value Chain Analysis pertaining to flexible spinal implants market
Analysis of the key factors driving and restraining the growth of the global, regional and country-level flexible spinal implants markets from 2021-2027
Competitive Landscape and market positioning of top 10 players operating in the flexible spinal implants market

Table of Content:

1. Preface

1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

2. Executive Summary

2.1. Global Flexible Spinal Implants Market Portraiture
2.2. Global Flexible Spinal Implants Market, by Clinical End User, 2020 (USD Mn)
2.3. Global Flexible Spinal Implants Market, by End User, 2020 (USD Mn)
2.4. Global Flexible Spinal Implants Market, by Geography, 2020 (USD Mn)

3. Global Flexible Spinal Implants Market Analysis

3.1. Flexible Spinal Implants Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis

4. Global Flexible Spinal Implants Market By Type, 2018 – 2027 (USD Mn)

4.1. Overview
4.2. Thoracic
4.3. Lumbar
4.4. Cervical
4.5. Artificial Discs
4.6. Others

5. Global Flexible Spinal Implants Market By End User, 2018 – 2027 (USD Mn)

5.1. Overview
5.2. Hospital & Clinics
5.3. Ambulatory Surgical Centers
5.4. Others

6. Global Flexible Spinal Implants Market, By Geography, 2018 – 2027 (USD Mn)

6.1. Introduction
6.2. North America
6.2.1. Overview
6.2.2. North America Flexible Spinal Implants Market by Type (2018-2027 USD Mn)
6.2.3. North America Flexible Spinal Implants Market by End User (2018-2027 USD Mn)
6.2.4. North America Flexible Spinal Implants Market by Country (2018-2027 USD Mn)
6.2.4.1. U.S.
6.2.4.2. Canada
6.3. Europe
6.3.1. Overview
6.3.2. Europe Flexible Spinal Implants Market by Type (2018-2027 USD Mn)
6.3.3. Europe Flexible Spinal Implants Market by End User (2018-2027 USD Mn)
6.3.4. Europe Flexible Spinal Implants Market by Country (2018-2027 USD Mn)
6.3.4.1. Germany
6.3.4.2. U.K.
6.3.4.3. France
6.3.4.4. Italy
6.3.4.5. Rest of Europe
6.4. Asia Pacific
6.4.1. Overview
6.4.2. Asia Pacific Flexible Spinal Implants Market by Type (2018-2027 USD Mn)
6.4.3. Asia Pacific Flexible Spinal Implants Market by End User (2018-2027 USD Mn)
6.4.4. Asia Pacific Flexible Spinal Implants Market by Country (2018-2027 USD Mn)
6.4.4.1. China.
6.4.4.2. Japan
6.4.4.3. Rest of Asia Pacific
6.5. Latin America (LATAM)
6.5.1. Overview
6.5.2. Latin America Flexible Spinal Implants Market by Type (2018-2027 USD Mn)
6.5.3. Latin America Flexible Spinal Implants Market by End User (2018-2027 USD Mn)
6.5.4. Latin America Flexible Spinal Implants Market by Country (2018-2027 USD Mn)
6.5.4.1. Brazil
6.5.4.2. Mexico
6.5.4.3. Rest of Latin America
6.6. Middle East and Africa
6.6.1. Overview
6.6.2. MEA Flexible Spinal Implants Market by Type (2018-2027 USD Mn)
6.6.3. MEA Flexible Spinal Implants Market by End User (2018-2027 USD Mn)
6.6.4. Middle East and Africa Flexible Spinal Implants Market, by Country (2018-2027 USD Mn)
6.6.4.1. GCC
6.6.4.2. Rest of MEA

7. Company Profiles

7.1. Medtronic, Plc.
7.1.1. Business Description
7.1.2. Financial Health and Budget Allocation
7.1.3. Product Positions/Portfolio
7.1.4. Recent Development
7.1.5. SWOT Analysis
7.2. Abbott Spine, Inc.
7.2.1. Business Description
7.2.2. Financial Health and Budget Allocation
7.2.3. Product Positions/Portfolio
7.2.4. Recent Development
7.2.5. SWOT Analysis
7.3. RTI Surgical
7.3.1. Business Description
7.3.2. Financial Health and Budget Allocation
7.3.3. Product Positions/Portfolio
7.3.4. Recent Development
7.3.5. SWOT Analysis
7.4. Zimmer Biomet Holdings, Inc.
7.4.1. Business Description
7.4.2. Financial Health and Budget Allocation
7.4.3. Product Positions/Portfolio
7.4.4. Recent Development
7.4.5. SWOT Analysis
7.5. Stryker Corporation
7.5.1. Business Description
7.5.2. Financial Health and Budget Allocation
7.5.3. Product Positions/Portfolio
7.5.4. Recent Development
7.5.5. SWOT Analysis
7.6. B. Braun Melsungen AG.
7.6.1. Business Description
7.6.2. Financial Health and Budget Allocation
7.6.3. Product Positions/Portfolio
7.6.4. Recent Development
7.6.5. SWOT Analysis
7.7. Orthofix International N.V.
7.7.1. Business Description
7.7.2. Financial Health and Budget Allocation
7.7.3. Product Positions/Portfolio
7.7.4. Recent Development
7.7.5. SWOT Analysis
7.8. NuVasive, Inc.
7.8.1. Business Description
7.8.2. Financial Health and Budget Allocation
7.8.3. Product Positions/Portfolio
7.8.4. Recent Development
7.8.5. SWOT Analysis
7.9. Paradigm Spine, LLC.
7.9.1. Business Description
7.9.2. Financial Health and Budget Allocation
7.9.3. Product Positions/Portfolio
7.9.4. Recent Development
7.9.5. SWOT Analysis
7.10. Alphatec Holdings, Inc.
7.10.1. Business Description
7.10.2. Financial Health and Budget Allocation
7.10.3. Product Positions/Portfolio
7.10.4. Recent Development
7.10.5. SWOT Analysis

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List of Tables:

TABLE 1 Market Snapshot: Global Flexible Spinal Implants Market

TABLE 2 Impact Indicators

TABLE 3 Impact Analysis of Drivers and Challenges

TABLE 4 Global Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 5 Global Flexible Spinal Implants Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 6 North America Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 7 North America Flexible Spinal Implants Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 8 North America Flexible Spinal Implants Market Value, By Country, 2018 - 2027 (US$ Mn)

TABLE 9 U.S. Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 10 U.S. Flexible Spinal Implants Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 11 Canada Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 12 Canada Flexible Spinal Implants Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 13 Europe Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 14 Europe Flexible Spinal Implants Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 15 Europe Flexible Spinal Implants Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 16 Germany Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 17 Germany Flexible Spinal Implants Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 18 U.K. Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 19 U.K. Flexible Spinal Implants Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 20 France Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 21 France Flexible Spinal Implants Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 22 Italy Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 23 Italy Flexible Spinal Implants Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 24 Rest of Europe Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 25 Rest of Europe Flexible Spinal Implants Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 26 Asia Pacific Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 27 Asia Pacific Flexible Spinal Implants Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 28 Asia Pacific Flexible Spinal Implants Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 29 Japan Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 30 Japan Flexible Spinal Implants Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 31 China Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 32 China Flexible Spinal Implants Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 33 Rest of Asia Pacific Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 34 Rest of Asia Pacific Flexible Spinal Implants Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 35 Latin America Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 36 Latin America Flexible Spinal Implants Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 37 Latin America Flexible Spinal Implants Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 38 Brazil Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 39 Brazil Flexible Spinal Implants Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 40 Mexico Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 41 Mexico Flexible Spinal Implants Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 42 Rest of Latin America Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 43 Rest of Latin America Flexible Spinal Implants Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 44 Middle East & Africa Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 45 Middle East & Africa Flexible Spinal Implants Market Value, by End-User, 2018 - 2027 (US$ Mn)

TABLE 46 Middle East & Africa Flexible Spinal Implants Market Value, by Country, 2018 - 2027 (US$ Mn)

TABLE 47 GCC Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 48 GCC Flexible Spinal Implants Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 49 Rest of MEA Flexible Spinal Implants Market Value, by Clinical Application, 2018 - 2027 (US$ Mn)

TABLE 50 Rest of MEA Flexible Spinal Implants Market Value, by End-user, 2018 - 2027 (US$ Mn)

TABLE 51 Medtronic, Plc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 52 Abbott Spine, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 53 RTI Surgical.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 54 Zimmer Biomet Holdings, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 55 Stryker Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 56 B. Braun Melsungen AG.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 57 Orthofix International N.V.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 58 NuVasive, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 59 Paradigm Spine, LLC.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

TABLE 60 Alphatec Holdings, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Recent Developments)

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List of Figures:

FIG. 1 Global Flexible Spinal Implants: Market Segmentation

FIG. 2 Global Flexible Spinal Implants Market: Research Methodology

FIG. 3 Top-Down and Bottom-up Approach

FIG. 4 Global Flexible Spinal Implants Market, by Clinical Application, 2019 (US$ Mn)

FIG. 5 Global Flexible Spinal Implants Market, by End-User, 2019 (US$ Mn)

FIG. 6 Global Flexible Spinal Implants Market, by Geography, 2019 (US$ Mn)

FIG. 7 Global Flexible Spinal Implants Market Value and Growth, 2018 – 2027, (US$ Mn) (Y-o-Y %)

FIG. 8 Attractive Investment Proposition, by Geography, 2017

FIG. 9 Market Positioning of Key Flexible Spinal Implants Providers, 2019

FIG. 10 Global Flexible Spinal Implants Market Value Share, by Clinical Application, 2018 & 2027 (%)

FIG. 11 Global Flexible Spinal Implants Market Value for Thoracic, 2018 - 2027, (US$ Mn)

FIG. 12 Global Flexible Spinal Implants Market Value for Lumbar, 2018 - 2027, (US$ Mn)

FIG. 13 Global Flexible Spinal Implants Market Value for Cervical, 2018 - 2027, (US$ Mn)

FIG. 14 Global Flexible Spinal Implants Market Value for Artificial Discs, 2018 - 2027, (US$ Mn)

FIG. 15 Global Flexible Spinal Implants Market Value for Others, 2018 - 2027, (US$ Mn)

FIG. 16 Global Flexible Spinal Implants Market Value Share, by End-User, 2018 & 2027 (Value %)

FIG. 17 Global Flexible Spinal Implants Market Value for Hospital & Clinics, 2018 - 2027 (US$ Mn)

FIG. 18 Global Flexible Spinal Implants Market Value for Ambulatory Surgical Centers, 2018 - 2027 (US$ Mn)

FIG. 19 Global Flexible Spinal Implants Market Value for Others, 2018 - 2027 (US$ Mn)

FIG. 20 North America Flexible Spinal Implants Market Value, 2018 - 2027, (US$ Mn)

FIG. 21 Europe Flexible Spinal Implants Market Value, 2018 - 2027, (US$ Mn)

FIG. 22 Asia Pacific Flexible Spinal Implants Market Value, 2018 - 2027, (US$ Mn)

FIG. 23 LATIN America Flexible Spinal Implants Market Value, 2018 - 2027, (US$ Mn)

FIG. 24 Middle East & Africa Flexible Spinal Implants Market Value, 2018 - 2027, (US$ Mn)

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