PUBLISHER: The Business Research Company | PRODUCT CODE: 1522232
PUBLISHER: The Business Research Company | PRODUCT CODE: 1522232
Interbody fusion cages are implants utilized in spinal fusion surgery to encourage the fusion of neighboring vertebral bones within the spine. Crafted from biocompatible materials such as titanium or polymer, these devices are placed into the intervertebral space between two vertebrae to offer structural support and encourage bone growth. The primary objectives of interbody fusion cages are to stabilize the spine, alleviate discomfort, and reinstate spinal alignment and functionality.
The primary categories within the interbody fusion cages market comprise lumbar cages, cervical cages, thoracolumbar cages, and thoracic cages. Lumbar cages are tailored interbody fusion devices intended for the lumbar portion of the spine, offering support and stability to the lower back region. These devices are utilized in various surgical approaches including anterior, posterior, lateral, and transforaminal procedures, serving end-users such as hospitals, clinics, ambulatory surgical centers, and other facilities.
The interbody fusion cages market research report is one of a series of new reports from The Business Research Company that provides interbody fusion cages market statistics, including interbody fusion cages industry global market size, regional shares, competitors with an interbody fusion cages market share, detailed interbody fusion cages market segments, market trends, and opportunities, and any further data you may need to thrive in the interbody fusion cages industry. This interbody fusion cage research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The interbody fusion cages market size has grown steadily in recent years. It will grow from 2.18 billion in 2023 to $2.29 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to an increase in obesity rates, an increase in the geriatric population, economic growth, a surge in sports-related injuries, and hospital infrastructure development.
The interbody fusion cages market size is expected to see strong growth in the next few years. It will grow to $2.79 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The anticipated growth during the forecast period can be credited to the expanding awareness of minimally invasive surgical techniques, the rising frequency of spinal surgeries, an increase in accidents, a surge in disposable income, and a growing incidence of degenerative diseases. Significant trends expected in the forecast period encompass technological innovations, integrated graft delivery systems, strategic partnerships, minimally invasive methodologies, and modular and adaptable designs.
The increase in spinal cord injuries is anticipated to drive the expansion of the interbody fusion cages market in the future. Spinal cord injuries result from damage to the spinal cord, a complex network of nerves transmitting signals from the brain to the body's organs. The escalation in spinal cord injuries is attributed to falls, traffic accidents, sports and recreational activities, workplace accidents, violence, illnesses, and medical conditions. Interbody fusion cages play a crucial role in treating spinal cord injuries by promoting bone fusion, offering structural support, and enhancing the stability and functionality of the spine. For example, in May 2023, as reported by Spinal Cord Inc., a US-based medical information provider, there were approximately 18,000 new spinal cord injuries annually in the United States, affecting a population of around 330 million residents each year. Thus, the increase in spinal cord injuries is expected to drive the growth of the interbody fusion cages market.
Leading companies in the interbody fusion cages market are innovating by introducing advanced products, such as expanding interbody cages, to better meet the needs of their customers. An expanding interbody cage, also referred to as an expandable interbody cage, is a type of spinal implant utilized in fusion procedures that can increase in size after being placed into the disc space between two vertebrae. For example, in May 2022, Accelus, a US-based manufacturer of medical equipment, unveiled the TiHawk7 Titanium, a bonded multidirectional expanding interbody cage designed to facilitate endoscopic and minimally invasive spine (MIS) lumbar fusion procedures. This groundbreaking device features an ultra-low insertion profile with multidirectional interbody expansion, utilizing both titanium and Polyether ether ketone (PEEK) materials to ensure optimal performance. The device's distinctive attributes include an ultra-low insertion profile, an open-architecture design to maximize graft delivery, and an innovative titanium application.
In October 2023, Silony Medical International AG, a medical device company headquartered in Switzerland, purchased the fusion business and associated assets from Centinel Spine for an undisclosed sum. Through this acquisition, Silony intends to broaden its range of offerings in the spine surgery sector and reinforce its position as a leading supplier of cutting-edge medical devices for spinal fusion operations. Centinel Spine, based in the US, is a medical device company specializing in an interbody fusion platform.
Major companies operating in the interbody fusion cages market are Medtronic plc, Johnson & Johnson, Stryker Corporation, B. Braun Melsungen AG, Depuy Synthes, Shanghai MicroPort Orthopedics Co. Ltd., Zimmer Biomet Holdings Inc., NuVasive Inc., Medacta International SA, Alphatec Spine Inc., SeaSpine Orthopedics Corporation, Orthofix International N.V., Surgalign Spine Technologies, Rivarp Medical Private Limited, Baumer S.A., Medicrea International, Precision Spine Inc., Spineart SA, Benvenue Medical Inc., Aurora Spine Inc., Ulrich Medical USA, Elite surgical, CarboFix Orthopedics Ltd., Prodorth International Inc., K2M Group Holdings Inc., Biomet Inc., Intelivation LLC, Eminent Spine
North America was the largest region in the interbody fusion cages market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the interbody fusion cages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the interbody fusion cages market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The interbody fusion cages market consists of sales of pedicle screws and rods, interbody cages, and spinal fusion plates. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Interbody Fusion Cages Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on interbody fusion cages market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for interbody fusion cages ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The interbody fusion cages market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.