Thoracolumbar Stabilization Devices Market is anticipated to account for US$ 2,007.7 million by 2032
The global thoracolumbar stabilisation devices market is expected to be valued at US$ 2,007.7 million by 2032, up from US$ 1,149.6 million in 2022, with a 5.2% CAGR from 2022 to 2032. Thoracolumbar refers to the thoracic and lumbar spine regions. Thoracolumbar stabilisation devices are used to lessen or eliminate spine instability. These devices provide a different approach to spinal fusion.
Thoracolumbar stabilisation preserves some spine mobility, whereas fusion eliminates all movement with total stabilisation. These devices also aid in correcting the curve and providing strong support to the thoracic spine.
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Thoracolumbar Stabilization Devices Market: Drivers and Restraints
Thoracolumbar stabilization devices market is expected to be driven by the increasing prevalence of spine injury and fractures. Increasing demand for non-invasive surgical procedures is also expected to boost the growth of thoracolumbar stabilization devices market. Increasing prevalence of spine deformities among older population is also expected to boost the growth of thoracolumbar stabilization devices market.
High initial cost associated with these devices can be a restraint to the growth of thoracolumbar stabilization devices market.
Thoracolumbar Stabilization Devices Market: Overview
Thoracolumbar stabilization devices market is expected to show significant growth over the forecast period. Spinal injury and chronic back pain are among the most prevalence conditions and increasing prevalence of these conditions is expected to drive the growth of thoracolumbar stabilization devices market.
Titanium devices segment is expected to be highest revenue generating market as these devices are light in weight and more dynamic in nature. Posterior thoracolumbar stabilization devices are expected to generate higher revenue than anterior devices as generally all surgical stabilization of thoracolumbar region starts with the posterior implant.
Market of thoracolumbar stabilization devices is expected to be continuously growing due to cost effectiveness and better management of disease as compare to analgesics. These devices are available in variety of shape and size and provide options to choose among variety which is expected to increase the revenue of thoracolumbar stabilization devices market.
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Thoracolumbar Stabilization Devices Market: Region Wise Outlook
Geographically, the global thoracolumbar stabilization devices market can be segmented into the regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and Middle East & Africa. North America is biggest and most attractive market for the thoracolumbar stabilization devices due to presence of major players, awareness among people, better healthcare infrastructure and reimbursement policies.
Followed by which is Europe. Asia Pacific region is expected to be fastest growing thoracolumbar stabilization devices market due to large patient pool, increasing healthcare infrastructure and awareness among people.
Thoracolumbar Stabilization Devices Market: Key Players
Some of the market participants in the global thoracolumbar stabilization devices market are, B. Braun Melsungen AG, Zimmer, Inc., Coligne AG, Yellowsteps SAS, Medyssey Co. Ltd., DePuy Synthes Company, Aesculap Implant Systems, LLC, Ulrich Medical, Medtronic Public Limited Company and Stryker. Companies are focusing on advancement of devices and development of minimally invasive screws and roads.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and grades.
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Key Segments Profiled in the Thoracolumbar Stabilization Devices Market Survey
By Device Type:
- Anterior Stabilization Device
- Posterior Stabilization Device
- Stainless Steel
By End Use:
- Ambulatory Surgical Centers
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