Spinal Non-Fusion Devices Market Poised for Growth

The Spinal Non-Fusion Devices market is expected to experience significant growth in the coming years, with a projected CAGR of 5.22% from 2024 to 2030.

This growth is driven by several factors, including:

• Increasing prevalence of spinal disorders: More people are experiencing back pain and other spinal problems. Road accidents contribute to spinal injuries, further impacting demand.
• Aging population: As the population ages, the number of people needing spinal treatments is expected to increase. Millions experience lower back pain, with the number expected to increase due to an aging population and lifestyle factors.
• Development of new technologies: Advancements in medical devices like artificial discs are providing better treatment options. Innovative artificial discs offer better alternatives to traditional fusion surgeries, leading to greater adoption.

The market is expected to reach a value of USD $3,731.02 million by 2030, up from USD $2,757.17 million in 2023.

Challenges:

• Competition from other treatment options
• Strict regulatory processes for approving new devices.

Key Players:

• Major players include established companies like Stryker, NuVasive Inc., and Medtronic, alongside emerging players like Premia Spine with their FDA-approved TOPS System.

Leading Region:

• North America holds the largest market share in the global Spinal Non-Fusion Devices market.
• This dominance is attributed to:
  • Increased number of spinal cord injuries
  • Strong product development activities
  • Presence of major industry players in the region

References

Spinal Non-Fusion Devices Market Poised for growth: Global insights and Forecast to 2030 – Escalating prevalence of spinal disorders, advanced product options, and product developments – ResearchAndMarkets.com. (2024, February 27). MarketWatch. https://www.marketwatch.com/press-release/spinal-non-fusion-devices-market-poised-for-growth-global-insights-and-forecast-to-2030-escalating-prevalence-of-spinal-disorders-advanced-product-options-and-product-developments-researchandmarkets-com-6f4a285f

Spinal Non-Fusion Devices Market Poised for Growth: Global Insights and Forecast to 2030 – Escalating Prevalence of Spinal Disorders, Advanced Product Options, and Product Developments. (2024, February 27). Businesswire. https://www.businesswire.com/news/home/20240227205653/en/Spinal-Non-Fusion-Devices-Market-Poised-for-Growth-Global-Insights-and-Forecast-to-2030—Escalating-Prevalence-of-Spinal-Disorders-Advanced-Product-Options-and-Product-Developments—ResearchAndMarkets.com

IMAGE — Premia Spine announces FDA breakthrough device designation for its TOPSTM Spinal Arthroplasty System. (2021, March 31). Businesswire. https://www.businesswire.com/news/home/20210331005342/en/Premia-Spine-Announces-FDA-Breakthrough-Device-Designation-for-Its-TOPS%E2%84%A2-Spinal-Arthroplasty-System