The global flexible spinal implants market is expected to grow at a significant CAGR of 4.8% during the forecast period. The spine problems caused due to aging in old-age people are expected to be the reason for the demand for spinal implants devices. According to United Nation reports, there were 703 million persons aged more than 65 years and the projected number of old-age people is expected to get double to 1.5 billion by 2050. The spinal implants make it easier for old age people to recover from damages and problems caused due to weakening of the spine with age. For instance, in October 2021, NuVasive Inc. launched new spinal implants called ‘Cohere TLIF-O’ and the company also announced to launch of ‘Cohere TLIF-A’ implants. Cohere TLIF-O is a porous polyetheretherketone implant used in TLIF surgeries. With lordosis in the oblique plane and porous surface technology, it follows the concepts of the other devices in the Advanced Materials Science line, allowing clear radiographic imaging with various modalities.

Impact of COVID-19 on Global Flexible Spinal Implants Market

COVID-19 has impacted the global economy due to a slowdown in the manufacturing of various industries including healthcare. Also, reduction in hospital procedures including check-ups, tests, and surgeries due to COVID-19 protocols is the reason for the low demand for spinal implants. However, being medical equipment, the manufacturing of spinal implants was there for emergency surgeries in the hospitals and ambulatory surgical centers.

Segmental Outlook

The global flexible spinal implants market is segmented based on type, and end-users. Based on type, the market is sub-segmented into cages, rods, screws, and plates. Based on the end-users, the market is sub-segmented into hospitals and clinics, and ambulatory surgical centers. Among these, the ambulatory surgical center end-user segment is anticipated to propel the growth of the market during the forecast period, due to ambulatory surgical centers being standalone facilities for surgeries.

Global Flexible Spinal Implants Market by Type

The Cages Segment is Anticipated to Hold a Prominent Share in the Global Flexible Spinal Implants Market.

Cage type of spinal implants is expected to hold the largest share in the market as cages hold spaces between the vertebrae of the spine becoming the part of the spine and allowing placing a bone graft in it to grow. Using these cage types of spinal implants makes the process of spinal fusion easier between the vertebrae. The other reason for the growth of cages type of spinal implants is that they offer better stability and support after the spine fusion surgery. Also, the cage type of spinal implant does not need any screws to place them between the vertebrae. Owing to these benefits, there have been innovations in the spinal implants product to support spine surgeries. For instance, in August 2021, Accelus launched an Ultra-Low-Profile cage type of spinal implant called ‘FlareHawk7’. These implants are expandable which makes it more supportable for endoscopic lumbar fusion surgery. FlareHawk7 is designed with the company’s adaptive geometry technology which supports patients’ neural, vascular, bony, and soft tissues during and after the fusion surgery. Resulting in long-term stability.

Regional Outlooks

The global flexible spinal implants market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The North American regional flexible spinal implants market is expected to hold a prominent market share due to the availability of several key players in the region.

Global Flexible Spinal Implants Market Growth by Region, 2022-2028

The North American Region is expected to Hold the Major Share in the Global Flexible Spinal Implants Market

The North American region is anticipated to hold a prominent share in the global flexible spinal implants market due to the presence of several key players in the region including Medtronic, Stryker, DePuy Synthes, Johnson and Johnson Services, Inc., SpineGaurd, NuVasive Inc., Zimmer Biomet, Globus Medical, RTI Surgical Holdings Inc., and Others. These players have been continuously working on R&D to provide new innovations in the market. For instance, in February 2021, Zimmer Biomet launched a new cervical arthroplasty device called the ‘Mobi-C Cervical Disc’. This product is said to be the first FDA-approved cervical disc replacement product that can be used to restore segmental motion and disc heights.

Market Players Outlook

The major companies serving the global collagen market include DePuy Synthes, Nuvasive Inc., Medtronic Inc., Zimmer Biomet Inc., Stryker, Globus Medical Inc., and Others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, fundings, and new product launches. For instance, in November 2021, Globus Medical has started the process of acquisition of NuVasive Inc. NuVasive Inc NUVA.O is a U.S. maker of equipment for minimally invasive spine surgery with market value of $3billion.  Globus is a provider of implantable devices and instruments used in spinal and orthopaedic procedures. The possible acquisition would hasten spine surgery market consolidation. NuVasive, based in San Diego, paid $150 million up front for acquisition of Simplify Medical in 2021, to extend its cervical spine technology portfolio.

The Report Covers

• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global flexible spinal implants market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market