Interbody Fusion Cage Market by Product Type (Lumbar Cage, Cervical Cage, Thoraco-lumbar Cage, and Thoracic Cage), Surgery (Anterior, Posterior, Lateral, and Transforaminal), and End User (Hospitals & Clinics, Ambulatory Surgical Centers, and Others) : Global Opportunity Analysis and Industry Forecast, 2021-2030
The global interbody fusion cages market was valued at $ 1,901.67 million in 2020, and is projected to reach $ 3,012.47 million by 2030, registering a CAGR of 4.7% from 2021 to 2030.
Interbody fusion cage is an artificial medical device, which is utilized in spinal fusion procedures to maintain foraminal height and decompression. The interbody fusion cage is a large, hollow cylinder made up of metals such as titanium, carbon fiber, or allograft femur. The device is designed as a cage so that bone graft can be placed inside the hollow cylinder to allow a spinal fusion to occur between two vertebrae. Interbody fusion cage utilized to provide stability to the spine and the cervical region. The cages can be filled with autologous bone material to promote arthrodesis (artificial induction of joint ossification).
The key factors that drive the market growth are rise in geriatric population and increase in spinal cord injuries, which might be caused due to accidents and diseases such as degenerative disk disease. However, high cost associated with spinal fusion surgeries and dearth of skilled professionals are anticipated to impede the growth of interbody fusion cage market. On the contrary, increased adoption of minimally invasive surgeries is projected to create ample opportunities in the market.
The interbody fusion cages market is segmented into product type, surgery, end user, and region. By product type, the market is segregated into lumbar cage, cervical cage, thoraco-lumbar cage, and thoracic cage. On the basis of surgery, it is fragmented into anterior, posterior, lateral, and transforaminal. Depending on end user, it is fragmented into hospitals & clinics, ambulatory surgical centers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA).
The major companies profiled in the report include Aurora Spine, Inc, B. Braun Melsungen AG, Benvenue Medical Inc., Prodorth, Ulrich Medicals, Orthofix, Medtronic Plc., Zimmer Biomet Holdings, Inc., NuVasive, Inc., and Johnson & Johnson.
KEY BENEFITS FOR STAKEHOLDERS
The study provides an in-depth analysis of the global interbody fusion cage market with current trends and future estimations to elucidate the imminent investment pockets.
Comprehensive quantitative analysis of the industry from 2021 to 2030 is provided to enable the stakeholders to capitalize on the prevailing market opportunities.
Extensive analysis of the key segments of the industry helps to understand the products and technologies used globally.
Key market players and their strategies are provided to understand the competitive outlook of the market
By Product Type
Lumbar Cage
Cervical Cage
Thoraco-lumbar Cage
Thoracic Cage
By Surgery
Anterior
Posterior
Lateral
Transforaminal
By End user
Hospital & Clinics
Others
Ambulatory Surgical Center
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
KEY Players
AstraZeneca PLC
Bristol-Myers Squibb Company
Boehringer Ingelheim
GNI Group Ltd
F. Hoffmann-La Roche Ltd. (Genentech, Inc.,)
Shiongi co Ltd
Mission Therapeutics
Biogen, Inc
Galapagos NV
FibroGen, Inc
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