Spinal osteosynthesis units industry size were expected to see a market expansion from US$ 2,934.4 million in 2022 to US$ 3,075.3 million in 2023.
As more people undergo spinal surgeries to correct deformities primarily brought on by illnesses or injuries, the market for spinal osteosynthesis units is growing. The global spinal osteosynthesis units market is expected to grow at a CAGR of 4.8% between 2023 and 2033, reaching a total estimated value of US$ 4,927.2 million by that year, according to Future Market Insights’ prediction.
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Impact of COVID-19 on the Healthcare Industry
The COVID-19 pandemic has had a significant impact on the global economy at multiple levels, including the healthcare industry. The thriving market of health care research and development is expected to experience a sharp drop in sales during the lockdown period due to the shutdown of manufacturing units, a severe shortage of raw materials, and a lack of potential manpower. The current situation caused by the pandemic indicates that production and supply chain activities have encountered minor setbacks. However, the market is expected to gradually recover following COVID-19, providing attractive opportunities for sales in various regions around the world in the coming years.
Future Business Insights’ analysts are focusing on research and market study to produce various Spinal Osteosynthesis Units Market forecasts and predictions at both the national and international levels. They considered several sources of industry information, such as market figures and merger estimates, to assess and produce reliable and informative insights on the Spinal Osteosynthesis Units Market.
Key Players :
Some of the key players present in global spinal osteosynthesis units market are Medtronic, Stryker, Johnson & Johnson, Zimmer Biomet, NuVasive, B. Braun, Globus Medical, Alphatec, Orthofix, Xtant Medical, Wego, MicroPort, RTI Surgical, Integra LifeSciences, Ulrich Medical and others.
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Key Segments:
By Product Type:
- Thoracolumbar Osteosynthesis Unit
- Lumbar Spinal Osteosynthesis Unit
- Lumbosacral Osteosynthesis Unit
- Thoracolumbosacral Osteosynthesis Unit
- Occipitocervicothoracic Osteosynthesis Unit
- Cervical Thoracic Lumbo Sacral Osteosynthesis Unit
By Surgical Approach:
- Posterior
- Anterior
- Lateral
By Patient Type:
- Adult
- Pediatric
By End User:
- Hospital
- Specialty Clinic
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- The Middle East and Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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