February 22, 2022 13:10 ET | Source: Arizton Advisory and Intelligence Arizton Advisory and Intelligence
Chicago, Feb. 22, 2022 (GLOBE NEWSWIRE) -- According to the Arizton’s latest research report, the interbody spine implants market, North America is expected to dominate the industry due to the relatively higher penetration of spine implants than the other regions and the high volume of spinal fusion and non-fusion surgeries.
Interbody Spine Implants Market Report Scope
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Interbody Spinal Implants Market – Trends & Opportunities
In recent years, the market has witnessed the launch of several advanced and innovative spine implant devices along with major changes in terms of product design, material use, and spinal surgery techniques. The advent of 3D printing techniques in spine surgery has various uses such as designing patient-specific spinal orthoses and producing customized spinal implants. The 3D printing technology has leveraged to manufacture interbody fusion devices. The material property of these interbody fusion devices plays a vital role in positive long-term functional outcomes, thereby, the 3D technology is gaining traction in the market.
Key Drivers and Trends Fueling Market Growth:
Interbody Spinal Implants Market – Competitive Landscape
More than 400 vendors in the market offer a wide array of spine implants worldwide. Among all the companies that primarily derive revenue from spine implants, most of the emerging vendors are growing at high single-digit or low double-digit rates over the past few years. Players will strategize to either collaborate with bigger companies through licensing agreements and private labelling or offer spine implants at competitive prices to expand their presence in the industry. The spine implants market will offer many M&A opportunities for global players. Small and innovative companies are gaining market share as top competitors struggle to increase their sales volume.
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