Implementing Nano-technology to improve the quality, precision, and speed of the work is the latest trend in the spinal surgery devices market.Nanoparticles possess unique chemical, biological and physical properties which enables them to perform a wide variety of cellular and subcellular tasks. Due to the steadily increasing cost of procedures, the rate of implementing spinal surgery devices has come down this a major restraint for the large-scale hospitals, clinics as well as new entrants for the market. More than $90 billion a year is spent on treating lower back pain alone. The high cost of treatment restrains the spinal surgery devices and equipment market from reaching its maximum potential growth.According to a study conducted over a year to analyze cost variations, the total cost of the surgeries at the hospitals was found to vary between $27, 000 and $129,000. An increasing trend in the aged populations worldwide will provide a lucrative growth to the spinal implants and devices. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.Įlderly people are a major driving factor for the spinal surgery devices and equipment market as they are more prone to spinal complications.Spinal disorders majorly affect the geriatric population and result in spinal deformities and pain.Īs per UN estimates, the worldwide geriatric population will double by 2050 to reach an estimated value of more than 2.1 billion boosting the market growth in the future. North America was the largest region in spinal surgery devices and equipment market in 2021.Western Europe was the second-largest region in spinal surgery devices and equipment market. These are used by hospitals, ambulatory service centers, and orthopedic centers. The spinal surgery devices and equipment are used to perform various surgeries such as open surgeries and minimally invasive surgeries. The main product types in spinal surgery devices and equipment are spine biologics, surgical spinal decompression, vertebral compression fracture treatment products, non-fusion, and fusion.Spine biologics are materials that are used in spine surgery. The spinal surgery devices and equipment market consist of sales of spinal surgery devices and equipment and related services. The market is expected to grow to $10.1 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The global spinal surgery devices and equipment market is expected to grow from $6.97 billion in 2021 to $7.59 billion in 2022 at a compound annual growth rate (CAGR) of 9.0%. V, K2M Group Holdings Inc., and Titan Spine.
New York, (GLOBE NEWSWIRE) - announces the release of the report "Spinal Surgery Devices And Equipment Global Market Report 2022". It is designed to convert any preexisting PEEK interbody fusion device into a PEEKplus device.Major players in the spinal surgery devices and equipment market are Zimmer Biomet, Stryker Corporation, Depuy Synthes, Medtronic, Globus Medical Inc.
Vallum's ANAB processor superimposes nanoscale concavities directly onto the surface of the PEEK device to create 20- to 50-nanometer concavities. Vallum addressed this issue by altering the PEEK material at the nanoscale to make it hydrophilic without any coating or chemicals or creating porosity," said Frost & Sullivan Global Program Director Sowmya Rajagopalan.ģ. "To enable bioactivity and initiate the osseointegration process, the surface of the interbody device must be hydrophilic however, unaltered PEEK is hydrophobic by nature. PEEKplus is the only FDA-cleared nanotextured surface on a PEEK interbody device.
The accelerated neutral atom beam-treated PEEKplus technology is designed to enhance PEEK interbody spinal fusion devices' bioactivity by creating a nanotextured PEEK surface.Ģ.
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