Cervical Implants Market - Global Market Share, Trends, Analysis and Forecast, 2023-2032
The global cervical implants market is expected grow at a CAGR of 7% between 2023 to 2032.
The spinal column is one of the main structural components of the human body that enables postural stability, bending, and turning. Cervical curvature, along with thoracic curvature, and lumbar curvature are the three main divisions of the spinal curve.
Cervical fractures are known as breaks in the segments of the spinal column in the area of the neck. These breaks can put tension on the spinal cord or peripheral nerves and result in excruciating pain and discomfort. They are also linked to labral tears and spinal hematomas. Using cervical implants, physicians can stabilize and decompress the cervical region. These implants typically consist of plates, rods, and fasteners, which are anchored to the spine to stabilize the broken bone. Anterior and posterior implantation are the 2 kinds of cervical operative procedures that may be inserted into the spine.
Additionally, cervical implants can be utilized to facilitate fusions, treat abnormalities, and support the spine. Cervical implants can also be utilized in combination with synthetic bone grafts, or autografts. These devices offer various advantages over conventional methods and can even be built from composite polymers like high-density polypropylene or metal alloys.
The covid-19 pandemic was moderately damaging for the cervical implant market along with most of the physiotherapy and bone implant sector. The negative impact of the pandemic that affected this segment was the cancellation or postponement of non-essential surgeries, conversion or repurposing of orthopedic facilities into Covid wards, production and supply chain disturbances, etc.
Prospective growth drivers for the cervical implants market:
The rising number of old-aged citizens and a subsequent increase in demand for geriatric care are primary factors that will bring a resurgence of the cervical implant market. An increase in per capita expenditures for geriatric health care will be a contributing factor in the adoption and utilization of cervical implants. Less invasive methods, ease of implantation, and better technologies have enabled the growth of the spinal implant market and will result in similar growth of cervical implants.
Economics of scale will also take effect when the market reaches a critical threshold. Governmental support through healthcare reforms and extensive access to advanced treatments especially for spinal and bone surgery is expected to have a profound effect on the cervical implant market.
Furthermore, the natural rise in prominence of spine-related illness, and back pain symptoms will have a positive sales impact for cervical implants. The increased prevalence of degenerative disc disorders, lifestyle-based illnesses, sports-related injuries, and accident patients also enables this market to flourish. As the prominence of these factors will return to normal post-Covid, we may see spiked growth in cervical implants within the next few years.
Increased product development, smarter design, and development processes will also bring down the resultant cost which will enable increased adoption of cervical implants globally. The growing demand for prosthetics, spinal fusion treatment, and non-fusion surgeries are other factors that can contribute to the growing demand in the cervical implants market. Our report provides a statistically generated worldview of growth in the Cervical Implants market.
Segment-wise growth forecast:
Most cervical implants are metal-based and are primarily made from stainless steel, cobalt-chromium alloys, and titanium alloys. Cobalt-chromium alloys are typically used for the creation of prosthetics as they have high specific strength and rigidity. Excellent biocompatibility, corrosion resistance, and higher yields have made use of such metals more prominent than older metals. Premium markets or high-income nations are expected to raise the existing cervical implants market specifically for the cobalt-chromium, and titanium market. Conversely, emerging economies and lower-income groups will continue to drive the stainless steel-based cervical implant market within the studied period.
Anterior Cervical Plate, Artificial Cervical Discs, Posterior Plates, and Screws are the main components that are required for cervical implants. Streamlined production and widespread demand will enable better opportunities in the manufacturing sectors of the mentioned components.
Hospitals are expected to be the largest contributors to the cervical implants market; however, orthopedics and trauma centers will show the fastest growth during the reported duration. Hospitals are generally expected to perform better in sales of cervical implants globally. Trauma centers and specialized orthopedic facilities may report better growth in North America and Europe regions. Get the latest forecasts about drivers of major segments for cervical implants by subscribing to the latest global cervical implants market report.
Markets with high growth potential:
The National Spinal Cord Injury Association of the USA has mentioned in its report that around 450,000 people in the USA are living with a spinal cord injury (SCI). A significantly large population in the United States is expected to have an impact on the growth and utilization of cervical implants within the next decade. Canada, Mexico, and Brazil will also see an increase in the usage of cervical implants and thus, drive proportional growth of the cervical implants market. Countries in the Asia Pacific are anticipated to grow at a rapid pace and probably contribute significantly during the forecast period. This rise is expected due to an increase in the geriatric population of several Asian countries and a rise in the incidence of bone diseases across the region. It is estimated that one in four people in the Asia Pacific will be over 60 years of age by 2050 reaching around 1.3 billion. Countries namely Japan, China, and South Korea have seen a progressively older population combined with a better standard of living which may increase the demand for cervical implant services and products. Middle East and Africa are also expected to see a rise in contribution and expansion of the cervical implants market.
Leading players in the global cervical implants market:
Leading companies across the world are involved in deploying strategic initiatives in the global cervical implants market which include service expansion, competitive pricing strategies, sales & marketing, partnerships, and mergers & acquisitions. This will create a portfolio of new corporations or entities involved in cervical implant markets.
Key companies present in this sector are Axiomed Spine Corp, Stryker Corporation, Centinel Spine, Inc., Medtronic, Plc, Depuy Synthes (Johnson & Johnson Inc.), Globus Medical, Inc., NuVasive, Inc., Orthofix Medical Inc., Olympus Corp., Zimmer Biomet Holdings, Inc.
Global Cervical Implants Market Segmentation:
By Product Type
- Cervical Fusion Devices
- Non-Fusion Devices
- Spinal Decompression Devices
- Spine Biologics
- Spine Bone Stimulators
- Thoracic Fusion & Lumbar Fusion Devices
- Vertebral Compression Devices
By Surgery Type
By End-user
- Hospitals
- Orthopedic Centers
- Trauma Centers
By Geography
- North America
- United States
- Canada
- Rest of North America
- Europe
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- India
- China
- Australia
- Rest of Asia Pacific
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil
- Rest of South America
