Dublin, Oct. 02, 2024 (GLOBE NEWSWIRE) -- The "Colombia Spinal Implants Market Size, Share & Trends Analysis | 2024-2030 | MedSuite | Includes: Cervical Fixation Market, Thoracolumbar Fixation Market, and 4 more" report has been added to ResearchAndMarkets.com's offering.
The Colombian spinal implant and vertebral compression fracture (VCF) market was valued at just over $110 million in 2023 and is projected to grow at a CAGR of 6.2%, reaching nearly $170 million by 2030.
The comprehensive report on the Colombian spinal implant and VCF market covers segments including traditional cervical and thoracolumbar fixation devices, interbody devices, motion preservation devices, VCF treatments, electrical stimulation devices, and spinal surgery instrumentation.
Market Report Data Types Include:
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecasts Until 2030, with Historical Data from 2020
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- Procedure Numbers
- Company Profiles, Product Portfolios, and SWOT Analyses for Leading Competitors
Colombia Spinal Implant Market Trends:
The aging population in Colombia is steadily growing and is expected to make up 17% of the total population by 2030. This shift is likely to result in increased demand for spinal surgeries, including both fusion and non-fusion procedures, as age-related degenerative spinal conditions become more prevalent.
Minimally invasive surgery (MIS) is also gaining traction, although its adoption rate remains lower compared to more developed countries. As healthcare infrastructure continues to improve and MIS technology becomes more accessible and cost-effective, these procedures are expected to become more popular, driven by their ability to reduce recovery times and minimize surgical risks.
Colombia Spinal Implant Market Share Insights:
In 2023, ZimVie/Highridge Medical led the market with significant shares in the electrical stimulation, motion preservation, interbody device, cervical fixation, and thoracolumbar fixation segments. However, the company did not participate in the VCF market. Its broad product portfolio and strong distribution network have enabled successful collaborations with local distributors and institutions. Medtronic was the second-leading competitor, with its largest shares in the VCF, motion preservation, and thoracolumbar fixation markets, along with smaller shares in other segments. DePuy Synthes ranked third, holding dominant shares in the interbody device and VCF markets and generating substantial revenue from its fixation product lines.
MARKET SEGMENTATION SUMMARY
- Surgical Navigation Market - Includes: Orthopedic navigation systems market, spine navigation systems market, neurosurgery navigation systems market, and the ENT navigation systems market.
- Orthopedic Navigation Systems Market - Includes: Orthopedic navigation sensors, orthopedic navigation capital equipment, orthopedic navigation disposables and other accessories, and orthopedic navigation service and maintenance revenue market segments.
- Spine Navigation Systems Market - Includes: Spine navigation capital equipment, spine navigation disposables and other accessories, and spine navigation service and maintenance revenue market segments.
- Neurosurgery Navigation Systems Market - Includes: Capital equipment, LUA, and services and maintenance revenue market segments.
- ENT Navigation Systems Market - Includes: Capital equipment, disposables ad other accessories, service and maintenance revenue, and market segments.
- Surgical Robotics Market - Includes: MIS robotic systems market, robotic-assisted orthopedic surgery systems market, robotic-assisted spinal surgery systems market, robotic-assisted neurosurgery systems market, robotic radiosurgery systems market, and the robotic vascular catheter systems market.
- Minimally Invasive Surgery Robotic Systems Market - Includes: MIS robotic capital equipment, MIS robotic disposables and other accessories, and MIS robotic service and maintenance revenue market segments.
- Robotic-Assisted Orthopedic Surgery Systems Market - Includes: Robotic-assisted orthopedic surgery capital equipment, robotic-assisted orthopedic surgery disposables and other accessories, and robotic-assisted orthopedic surgery service and maintenance revenue market segments.
- Robotic-Assisted Spinal Surgery Systems Market - Includes: Robotic-assisted spinal surgery capital equipment, robotic-assisted spinal surgery disposables and other accessories, robotic-assisted spinal surgery service and maintenance market segments.
- Robotic-Assisted Neurosurgery Systems Market - Includes: Robotic-assisted neurosurgery capital equipment, and robotic-assisted neurosurgery service and maintenance revenue market segments.
- Robotic Radiosurgery Systems Market - Includes: Robotic radiosurgery capital equipment market, and robotic radiosurgery service and maintenance revenue segments.
- Robotic Vascular Catheter Systems Market - Includes: Robotic vascular catheter capital equipment market, robotic vascular catheter disposables and other accessories, and robotic vascular catheter service and maintenance revenue segments.
- APPENDIX: Augmented Reality-Based Spinal Surgical Navigation Market - Includes: AR-Based spinal surgical navigation capital equipment market and AR-based surgical navigation system disposables and other accessories market.
RESEARCH SCOPE SUMMARY
- Regions: North America (United States)
- Base Year: 2023
- Forecast: 2024-2030
- Historical Data: 2020-2022
- Quantitative Coverage: Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices.
- Qualitative Coverage: COVID-19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews.
Company Coverage:
- ZimVie/Highridge Medical
- Medtronic
- DePuy Synthes
- Orthofix
- Stryker
- Globus Medical/Nuvasive
- B. Braun
- Enovis
- Centinel Spine
- Xtant Medical
Key Topics Covered:
1 Executive Summary
2 Introduction
2.1 Cervical Fixation
2.2 Thoracolumbar Fixation
2.3 Interbody Devices
2.4 Motion Preservation
2.5 Vertebral Compression Fracture
2.6 Electrical Stimulation
2.7 Spinal Surgery Instrumentation
3. Procedure Numbers
3.1 Cervical Fixation Procedures
3.2 Thoracolumbar Fixation Procedures
3.3 Interbody Device Procedures
3.4 Motion Preservation Procedures
3.5 Vertebral Compression Fracture Procedures
3.6 Spinal Electrical Stimulation Device Procedures
4 Currency Exchange Rate
5 Market Overview
6 Market Analysis and Forecast
6.1 Cervical Fixation Market
6.2 Thoracolumbar Fixation Market
6.3 Interbody Device Market
6.4 Motion Preservation Device Market
6.4.1 Artificial Disc Market
6.5 Vertebral Compression Fracture Market
6.6 Percutaneous Vertebral Augmentation Market
6.7 Spinal Electrical Stimulation Device Market
6.8 Spinal Surgery Instrumentation Market
7. Drivers and Limiters
8 Competitive Market Share Analysis
9 Cervical Fixation Market Competitive Market Share Analysis
10 Thoracolumbar Fixation Market Competitive Market Analysis
11 Interbody Device Market Competitive Market analysis
12 Motion Preservation Device Market Competitive Market Share Analysis
13 Vertebral Compression Fracture market Competitive Market Share Analysis
14 Spinal Electrical Stimulation Competitive Market Share Analysis
15 Spinal Surgery Instrumentation Competitive Market Share Analysis
For more information about this report visit https://www.researchandmarkets.com/r/2febp9
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