Global Interbody Fusion Cages Market Growth Analysis 2024 – Forecast Market Size And Key Factors Driving Growth

Interbody fusion cages are medical implants used in spinal fusion surgery to promote the fusion of adjacent vertebral bones in the spine. These devices are made of biocompatible materials such as titanium or polymer and are inserted into the intervertebral space between two vertebrae to provide structural support and facilitate bone growth. Interbody fusion cages aim to stabilize the spine, relieve pain, and restore spinal alignment and function.

Sizing and Forecast

The interbody fusion cages market size has grown steadily in recent years. It will grow from 2.18 billion in 2023 to $2.29 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to an increase in the geriatric population, an increase in obesity rates, a surge in sports-related injuries, economic growth, and hospital infrastructure development.

The interbody fusion cages market size is expected to see strong growth in the next few years. It will grow to $2.79 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to growing awareness of minimally invasive surgical procedures, increasing number of spinal surgeries, rising number of accidents, upsurge in disposable income, and increasing prevalence of degenerative diseases. Major trends in the forecast period include technological advancements, integrated graft delivery systems, strategic collaborations, minimally invasive approaches, and modular and adjustable designs.

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Segmentation & Regional Insights

The interbody fusion cages market covered in this report is segmented –

1) By Type: Lumbar Cage, Cervical Cage, Thoraco-Lumbar Cage, Thoracic Cage
2) By Surgery: Anterior, Posterior, Lateral, Transforaminal
3) By End Users: Hospitals And Clinics, Ambulatory Surgical Center, Other End-Users

North America was the largest region in the interbody fusion cages market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the interbody fusion cages market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The rise in spinal cord injuries is expected to propel the growth of the interbody fusion cages market going forward. A spinal cord injury is caused by damage to the spinal cord, which is the network of nerves that carries signals from the brain to the body’s other organs. The rise in spinal cord injuries is due to falls, traffic accidents, sports and recreational activities, occupational injuries, violence, illnesses, and medical problems. Interbody fusion cages are vital in treating spinal cord injuries by promoting bone fusion, providing structural support, and improving the spine’s stability and function. For instance, in May 2023, according to Spinal Cord Inc., a US-based medical information provider, approximately 18,000 new spinal cord injuries occurred annually in the United States, which impact a population of around 330 million residents yearly. Therefore, the rise in spinal cord injuries is expected to propel the growth of the interbody fusion cages market.

Key Industry Players

Major companies operating in the interbody fusion cages market are Medtronic plc, Johnson & Johnson, Stryker Corporation, B. Braun Melsungen AG, Depuy Synthes, Shanghai MicroPort Orthopedics Co. Ltd., Zimmer Biomet Holdings Inc., NuVasive Inc., Medacta International SA, Alphatec Spine Inc., SeaSpine Orthopedics Corporation, Orthofix International N.V., Surgalign Spine Technologies, Rivarp Medical Private Limited, Baumer S.A., Medicrea International, Precision Spine Inc., Spineart SA, Benvenue Medical Inc., Aurora Spine Inc., Ulrich Medical USA, Elite surgical, CarboFix Orthopedics Ltd., Prodorth International Inc., K2M Group Holdings Inc., Biomet Inc., Intelivation LLC, Eminent Spine

The interbody fusion cages market report table of contents includes:

1. Executive Summary
2. Interbody Fusion Cages Market Characteristics
3. Interbody Fusion Cages Market Trends And Strategies
4. Interbody Fusion Cages Market – Macro Economic Scenario
5. Global Interbody Fusion Cages Market Size and Growth
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32. Global Interbody Fusion Cages Market Competitive Benchmarking
33. Global Interbody Fusion Cages Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Interbody Fusion Cages Market
35. Interbody Fusion Cages Market Future Outlook and Potential Analysis
36. Appendix