North American fusion spinal implants market is anticipated to grow at a CAGR around 4.5% during the forecast period. North American fusion spinal implants market owing to the rising number of spinal fusion procedures and technological innovations in spine implants in the market. The increase in spinal fusion surgeries has been primarily resulting in the country owing to the significant aging population base in the North America.
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The aging effects can lead to the narrowing of the spinal canal, which increases the risk of spinal stenosis. As per the Population Reference Bureau (PRB), the number of Americans aged 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060, and their share of the total population will rise from 16% to 23%. The rising aging population is accelerating the demand for spine surgeries, which thereby contributes to the adoption of fusion spinal implants in the North America.
North American fusion spinal implants market is segmented on the basis of type, and end-user. Based on type, the market is segmented into interbody cages, plates, rods, screws and others. Based on end-user, the market is segmented into hospitality & clinics and ambulatory surgical centers.
The key players that are active in the market include Aesculap Inc., Alphatec Spine Inc., Aspen Medical Products, LLC, Atlas Spine, Inc, Aurora Spine Corp., Axial Medical Inc., ChoiceSpine, CTLAmedica, Corp., Fuse Medical Inc. and Globus Medical Inc. The market players are considerably contributing to the market growth by the adoption of various strategies including new product launch, merger, and acquisition, collaborations with government, funding to the start-ups and technological advancements to stay competitive in the market.
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North American Fusion Spinal Implants Market
- Interbody Cages
- Hospitals & Clinics
- Ambulatory Surgical Centres
- United States
- Aesculap Inc.
- Alphatec Spine Inc.
- Aspen Medical Products, LLC
- Atlas Spine, Inc
- Aurora Spine Corp.
- Axial Medical Inc.
- CTLAmedica, Corp.
- Fuse Medical Inc.
- Globus Medical Inc.
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