Dublin, Oct. 03, 2024 (GLOBE NEWSWIRE) -- The "Brazil 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 Brazilian spinal implant and VCF market was valued at nearly $410 million in 2023. This market is projected to grow at a CAGR of 6%, reaching approximately $620 million by 2030.
This comprehensive report on the Brazilian spinal implant and VCF market covers a range of segments, including traditional cervical and thoracolumbar fixation devices, interbody devices, motion preservation devices, VCF treatment, electrical stimulation devices, and spinal surgery instrumentation.
Key Market Data Insights:
- Data Types: Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecast Period: Projections until 2030, with historical data from 2020
- Analysis: Market drivers, limiters, and competitive landscape for each segment
- Competitive Breakdown: Market shares, mergers, and acquisitions
- Additional Insights: Procedure numbers, company profiles, and SWOT analysis for key competitors
- Trends in the Brazil Spinal Implant Market
Brazil's spinal implant market is experiencing growth, driven by an increasing need for both fusion and non-fusion spinal procedures. This demand is fueled by the aging population in Brazil; by 2030, 18.6% of the population is expected to be aged 60 or older, a demographic that is particularly prone to spinal issues.
Historically, the market has been dominated by open surgeries, but there is a rising interest in minimally invasive surgery (MIS). These techniques offer benefits such as shorter recovery times and reduced complication rates. As MIS technology becomes more accessible in Brazil, its adoption is expected to rise.
Market Share Insights
- Local Companies: In 2023, the Brazilian spinal implant market was led by domestic companies such as MDT, GMReis, and Baumer. These companies, along with smaller competitors like Ortosintese and Biomecanica, accounted for the largest market share.
- ZimVie: Ranked second in 2023, ZimVie held significant shares in most market segments, particularly in interbody devices. However, it did not participate in the VCF segment. ZimVie's extensive product portfolio and robust distribution network allowed for successful collaborations with local distributors and institutions.
- DePuy Synthes: DePuy Synthes was the third-largest competitor, with a strong presence in interbody devices and significant revenue from its fixation products.
Market Segmentation Overview
Cervical Fixation Devices:
- Anterior: Constrained, Semi-Constrained, Dynamic, Bioresorbable
- Posterior: Cable/Wiring, Screw/Rod, Occipitocervical
Thoracolumbar Fixation Devices:
Degenerative Treatments:
- Approach: Anterior, Posterior
- Levels Treated: Single-Level, Two-Level, Multi-Level
- Deformity Correction, Trauma, Tumor Treatments
Interbody Devices:
- Types: ALIF, PLIF, TLIF, CIF, VBR/Corpectomy, Expandable, Standalone
Motion Preservation Devices:
- Types: Artificial Disc, Dynamic Stabilization, Vertebral Body Tethering
Vertebral Compression Fracture Devices:
- Types: Vertebroplasty, Percutaneous Vertebral Augmentation
Spinal Electrical Stimulation Devices:
- Anatomy: Cervical, Lumbar
- Spinal Surgery Instrumentation
Research Scope Summary
- Regions Covered: Brazil (Latin America)
- Base Year: 2023
- Forecast Period: 2024-2030
- Historical Data: 2020-2022
- Quantitative Coverage: Market Size, Procedure Volume, Market Shares, Growth Rates, Units Sold, Average Selling Prices
- Qualitative Coverage: COVID-19 Impact, Growth Trends, Competitive Analysis, SWOT, Mergers & Acquisitions, Company Profiles, and Product Portfolios
Company Coverage:
- ZimVie/Highridge Medical
- Globus Medical/NuVasive
- DePuy Synthes
- Medtronic
- Ulrich Medical
- SIGNUS Medical
- Orthofix
- Karl Storz
- Richard Wolf
- Joimax
Key Topics Covered:
1 Executive Summary
1.1 Brazil Spinal Implant and VCF Market Overview
1.2 Competitive Analysis
1.3 Market Trends
1.4 Markets Included
2 Introduction
2.1 Cervical Fixation
2.2 Thoracolumbar Fixation
2.3 Interbody Devices
2.4 Material Type
2.5 Motion Preservation
2.6 Vertebral Compression Fracture
2.7 Electrical Stimulation
2.8 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
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
6.5 Vertebral Compression Fracture Market
6.6 Spinal Electrical Stimulation Device Market
6.7 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/evjni0
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