The Thoracolumbar Stabilization Devices Market Size is valued at 1.20 Bn in 2022 and is predicted to reach 1.86 Bn by the year 2031 at a 5.2% CAGR during the forecast period for 2023-2031.
Key Industry Insights & Findings from the Report:
The thoracic and lumbar areas of the spine are supported and stabilized by thoracolumbar stabilization devices, which are medical implants. These devices are made to treat a number of spine diseases, including spondylolisthesis, scoliosis, degenerative disc disease, fractures, and more. The world's aging population significantly influenced the marketn because older people are more susceptible to degenerative spinal disorders.
Thoracolumbar stabilization devices have become more popular as spinal illnesses such as degenerative disc disease, spinal stenosis, and vertebral fractures have increased. Thoracolumbar stabilization operations have been helped by the government and insurance companies' favourable reimbursement policies. These policies improved the availability and affordability of the treatments for patients, which increased the demand for stabilization devices.
However, the epidemic affected global supply networks, especially those for medical devices. The supply of some products may have been impacted, or shortages may have resulted from delays in the manufacturing and distribution of thoracolumbar stabilization devices.
The thoracolumbar stabilization devices market is segmented on the basis of device type, material, and end-use. First segment is device type, the market is segmented into anterior stabilization devices, posterior stabilization devices, and retractors. The material segment includes titanium and stainless steel. at the end, End-Ese segment is divided into hospitals, clinics, and ambulatory surgical centres.
The hospital is expected to hold a major share of the global Thoracolumbar Stabilization Devices Market in 2021. In order to properly instruct surgeons and other healthcare workers in the use of thoracolumbar stabilization devices, hospitals are an essential resource. This guarantees that the medical team is competent to carry out these treatments securely and successfully. Hospital financial concerns and patient affordability for thoracolumbar stabilization surgeries and devices are influenced by the availability and level of reimbursement for these procedures. Hospital use of particular equipment may be encouraged by favourable reimbursement schemes.
The posterior stabilization device segment is projected to maximize at a rapid rate in the global Thoracolumbar Stabilization Devices Market. They are frequently employed in spinal operations to stabilize and support the thoracolumbar spine when the patient is approached from the posterior (back) approach. These devices address numerous spine disorders, including fractures, degenerative disc degeneration, spinal abnormalities, and instability.
The North America Thoracolumbar Stabilization Devices Market is likely to register the maximum market share in terms of revenue in the near future. Owing to the existance of significant market players that produce and market thoracolumbar stabilization devices in the region, North America is expected to account for the highest share of the global market for these devices. Additionally, the increasing number of spine and back injuries in this area is driving up demand for the product. The Asia Pacific region is anticipated to go upward at the fastest rate during the projected period due to the vast patient pool, evolving healthcare infrastructure, and rising levels of public awareness in the region. The region's expanding healthcare infrastructure, particularly in China, India, and Japan, has increased demand for thoracolumbar stabilization devices.
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Report Attribute |
Specifications |
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Market Size Value In 2022 |
USD 1.20 Bn |
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Revenue Forecast In 2031 |
USD 1.86 Bn |
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Growth Rate CAGR |
CAGR of 5.2% from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Device Type, Material, End-Use |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
B. Braun Melsungen AG, Zimmer, Inc., Cologne AG, Yellowsteps SAS, Medyssey Co. Ltd., DePuySynthes Company, Aesculap Implant Systems, LLC, Ulrich Medical, Medtronic Public Limited Company, Stryker |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Thoracolumbar Stabilization Devices Market Snapshot
Chapter 4. Global Thoracolumbar Stabilization Devices Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis of Metaverse Industry
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. COVID-19 Impact on Medical Device Industry
Chapter 5. Market Segmentation 1: By Device Type Estimates & Trend Analysis
5.1. By Device Type & Market Share, 2019-2031
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Device Type:
5.2.1. Anterior Stabilization Device
5.2.2. Posterior Stabilization Device
5.2.3. Retractors
Chapter 6. Market Segmentation 2: By Material Estimates & Trend Analysis
6.1. By Device Type & Market Share, 2019-2031
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By Material:
6.2.1. Titanium
6.2.2. Stainless Steel
Chapter 7. Market Segmentation 3: By End Use Estimates & Trend Analysis
7.1. By End Use & Market Share, 2019-2031
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2022 to 2031 for the following By End Use:
7.2.1. Hospitals
7.2.2. Ambulatory Surgical Centers
7.2.3. Clinics
Chapter 8. Thoracolumbar Stabilization Devices Market Segmentation 4: Regional Estimates & Trend Analysis
8.1. North America
8.1.1. North America Thoracolumbar Stabilization Devices Market revenue (US$ Million) estimates and forecasts By Device Type, 2023-2031
8.1.2. North America Thoracolumbar Stabilization Devices Market revenue (US$ Million) estimates and forecasts By Material, 2023-2031
8.1.3. North America Thoracolumbar Stabilization Devices Market revenue (US$ Million) estimates and forecasts By End Use, 2023-2031
8.1.4. North America Thoracolumbar Stabilization Devices Market revenue (US$ Million) estimates and forecasts by country, 2023-2031
8.1.4.1. U.S.
8.1.4.2. Canada
8.2. Europe
8.2.1. Europe Thoracolumbar Stabilization Devices Market revenue (US$ Million) by By Device Type, 2023-2031
8.2.2. Europe Thoracolumbar Stabilization Devices Market revenue (US$ Million) estimates and forecasts By Material, 2023-2031
8.2.3. Europe Thoracolumbar Stabilization Devices Market revenue (US$ Million) estimates and forecasts By End Use, 2023-2031
8.2.4. Europe Thoracolumbar Stabilization Devices Market revenue (US$ Million) by country, 2023-2031
8.2.4.1. Germany
8.2.4.2. Poland
8.2.4.3. France
8.2.4.4. Italy
8.2.4.5. Spain
8.2.4.6. UK
8.2.4.7. Rest of Europe
8.3. Asia Pacific
8.3.1. Asia Pacific Thoracolumbar Stabilization Devices Market revenue (US$ Million) by By Device Type, 2023-2031
8.3.2. Asia Pacific Thoracolumbar Stabilization Devices Market revenue (US$ Million) estimates and forecasts By Material, 2023-2031
8.3.3. Asia Pacific Thoracolumbar Stabilization Devices Market revenue (US$ Million) estimates and forecasts By End Use, 2023-2031
8.3.4. Asia Pacific Thoracolumbar Stabilization Devices Market revenue (US$ Million) by country, 2023-2031
8.3.4.1. China
8.3.4.2. India
8.3.4.3. Japan
8.3.4.4. Australia
8.3.4.5. Rest of Asia Pacific
8.4. Latin America
8.4.1. Latin America Thoracolumbar Stabilization Devices Market revenue (US$ Million) by By Device Type, 2023-2031
8.4.2. Latin America Thoracolumbar Stabilization Devices Market revenue (US$ Million) estimates and forecasts By Material, 2023-2031
8.4.3. Latin America Thoracolumbar Stabilization Devices Market revenue (US$ Million) estimates and forecasts By End Use, 2023-2031
8.4.4. Latin America Thoracolumbar Stabilization Devices Market revenue (US$ Million) by country, (US$ Million) 2023-2031
8.4.4.1. Brazil
8.4.4.2. Rest of Latin America
8.5. Middle East & Africa
8.5.1. Middle East & Africa Thoracolumbar Stabilization Devices Market revenue (US$ Million) by By Device Type, (US$ Million)
8.5.2. Middle East & Africa Thoracolumbar Stabilization Devices Market revenue (US$ Million) estimates and forecasts By Material , 2023-2031
8.5.3. Middle East & Africa Thoracolumbar Stabilization Devices Market revenue (US$ Million) estimates and forecasts By End Use, 2023-2031
8.5.4. Middle East & Africa Thoracolumbar Stabilization Devices Market revenue (US$ Million) by country, (US$ Million) 2023-2031
8.5.4.1. South Africa
8.5.4.2. GCC Countries
8.5.4.3. Rest of MEA
Chapter 9. Competitive Landscape
9.1. Major Mergers and Acquisitions/Strategic Alliances
9.2. Company Profiles
9.2.1. B. Braun Melsungen AG
9.2.2. Zimmer, Inc.
9.2.3. Coligne AG
9.2.4. Yellowsteps SAS
9.2.5. Medyssey Co. Ltd.
9.2.6. DePuySynthes Company
9.2.7. Aesculap Implant Systems, LLC
9.2.8. Ulrich Medical
9.2.9. Medtronic Public Limited Company
9.2.10. Stryker
Thoracolumbar Stabilization Devices Market By Device Type-
Thoracolumbar Stabilization Devices Market By Material-
Thoracolumbar Stabilization Devices Market By End-Use-
Thoracolumbar Stabilization Devices Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.
