Spine Pain Market Expected to Reach US$12.47 Billion by 2033 with CAGR of 5%

Spine Pain Market
Spine Pain Market

The spine pain market is anticipated to develop at a compound annual growth rate (CAGR) of 5% from 2023 to 2033, with a predicted valuation of US$ 7.65 billion in 2023. At the conclusion of the assessment period, the market is anticipated to reach US$12.47 billion.

Lead With Intelligence: Report Sample Awaits:

An increase in the frequency of nerve instances and an aging population are the key factors propelling the spine pain market. Future expansion is also anticipated to be fueled by an inactive lifestyle, rising medical consciousness in industrialized and emerging nations, and rising consumer disposable income.

Key Takeaways:

  • The global spine pain market is expected to reach US$12.47 billion by 2033, reflecting a CAGR of 5% from its 2023 valuation of US$7.65 billion.
  • Rising prevalence of nerve conditions and an aging global population are key growth drivers.
  • Increased awareness of treatment options, rising disposable income, and growing adoption of healthy lifestyles are further propelling market expansion.
  • Spine pain is a major health concern, affecting an estimated 81% of the world’s population at some point in their lives.

About 81% of people on the planet have at some point in their lives suffered spine pain, one of the most frequent illnesses; also, spine pain is mostly to blame for the rise in global mobility impairment.

Market Competition:

Key players in the Spine Pain market are Medtronic plc., DePuy Synthes, Inc, Stryker Corporation, NuVasive, Inc, Zimmer Biomet Holdings, Inc., Globus Medical, Inc., Alphatec Spine, Inc, Orthofix International N.V., Difusion Technologies, Inc., ZimVie Inc.

  • In July 2020 – Zavation Medical announced the release of the versatile anterior lumbar plate and Lateral Lumbar Plate, which are intended to be used as supplemental fixation devices for the lumbar spine. These plates are new additions to the company’s inventory.
  • In August 2020, WishBone Medical Inc. declared the acquisition of all assets from Back 2 Basics Direct (B2B) and Orbbo Surgical, two confidentially medical device manufacturers specialized in spinal fusion research, advancement, and surgical tools.

Delve Into Our Methodological Methodology:

Key Companies Profiled:

  • Medtronic Plc.
  • DePuy Synthes Inc.
  • Stryker Corporation
  • NuVasive Inc.
  • Zimmer Biomet Holdings Inc.
  • Globus Medical Inc.
  • Alphatec Spine Inc.
  • Orthofix International N.V.
  • Difusion Technologies, Inc.
  • ZimVie Inc.

Key Segments Profiled in the Spine Pain Market Industry Survey:

By Product:

  • Fusion Devices
  • Non-Fusion Devices
  • Stimulation Devices

By Treatment:

  • Open Surgery
  • Minimally Invasive Surgery
  • Others

By Procedure:

  • Discectomy
  • Laminotomy
  • Foraminotomy
  • Corpectomy
  • Facetectomy

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa (MEA)

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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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About the Author

Ronak Shah

Associate Vice President at Future Market Insights is deeply committed to uncovering actionable insights for consumer and food and beverage players. She brings a unique blend of analysis, industry trends, and consumer behavior to put data into perspective.

What she makes out of data becomes a delight to read. She has authored many opinions, including for publications like Process Industry Informer and Spinal Surgery News, as she understands the market pulse and consumers' shifting preferences.

She likes to bring experts to a roundtable to weigh the impact of a trend on an industry. Catch up with her discussion on the impact of AI in packaging.

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