In 2021, the interbody spine implants market was valued at $1,904.8 million and will reach $2,471.8 million by 2030, growing at a rate of about 3% during the forecast period. The major factors responsible for the development of the market are the improvements in the technologies of spine surgery, an increase in demand for devices for spinal fusion because of the surge in the incidence of spinal ailments, rapid acceptance of minimally invasive surgeries for the spine, and surge in the introduction of innovative bone-grafting products.
It is given that spinal issues are more common in elderly people than in adolescents or youngsters. A rapid growth in the elderly population all over the globe, and especially in the Asian subcontinent will add up to the demand for interbody spinal implants. The elderly population of India will touch 194 million in the year 2031 from 138 million in 2021, a 41% increase will be experienced over the next ten years as per a report of the NSO
The volume of patients having from spine disorders is rising at a global level. For treating these conditions doctors need cutting-edge implants and technologies. Some of the key ailments treated with the use of spine implants include scoliosis, degenerative disc disease, spondylolisthesis, fracture, and kyphosis. As per a study of the NLM, more than 266 million people have lumbar DSD every year. This enormous population having spine disorders intensifies the requirement for interbody spine implants.
The metal-based implants will have the highest demand of over 45% in the interbody spine implants market and will have the highest growth rate in the years to come. This has a lot to do with the high usage of metal-based implants in spine surgeries, because of their durability, suppleness, and robustness. Apart from that, these comprise metals like stainless steel, tantalum, and titanium. Asa per the AAOS, most spinal implants are made with a combination of titanium alloys, pure titanium, and stainless steel.
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