Market Overview
According to the report, the global Cervical Interbody Fusion Cages market was valued at approximately USD 886 million in 2019 and is expected to generate revenue of around USD 1,156 million by 2026, growing at a CAGR of roughly 3.87% from 2019 and 2026.
Anterior interbody fusion cages are titanium cylinders that are placed in the disc space. The cages are porous and allow the bone graft to grow from the vertebral body through the cage and into the next vertebral body. The cages offer excellent fixation, so most patients do not need additional instrumentation (e.g. pedicle screws) or post-operative back braces for support.
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Key Players
Key players in the Cervical Interbody Fusion Cages market cover Medtronic, Depuy Synthes, Stryker, Zimmer Biomet, BBraun, NuVasive, Globus Medical, K2M, Orthofix, Shanghai Microport Orthopedics, BAUMER, Alphatec Spine, Medacta, and Medicrea.
Drivers and Restraint
Rise in geriatric population and increase in incidences of spinal injuries and sports injuries are key driver factors that propelling the Cervical Interbody Fusion Cages market. Furthermore, surge in demand for interbody fusion cage surgeries due to advantages that allow the surgeon to directly decompress nerves and reconstruct the spine further fuels the market growth. On the other side, high costs associated with spinal fusion surgeries, lack of trained professionals as well as stringent rules & regulations to use these devices may considered as restraint factors.
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Forecast by Geography
North America dominates the Cervical Interbody Fusion Cages market with a share of 58.19%. This is attributed to the well-established healthcare infrastructure and increase in adoption of interbody fusion cage across various healthcare settings. Asia Pacific is currently leading Europe with a share of 21.16% and 17.74%.
Type Segment
Based on the type, the Cervical Interbody Fusion Cages market can be segmented into Metal type and Polymeric type.
Application Segment
Based on application, the Cervical Interbody Fusion Cages market is divided into Treatment of Spinal Diseases, Control Spinal Deformity Development, Protection of Spinal Nerves, and Others.
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Target Audience
l Cervical Interbody Fusion Cages manufacturers
l Distributors and resellers of Cervical Interbody Fusion Cages
l Cervical Interbody Fusion Cages industry associations
l Product managers, Cervical Interbody Fusion Cages industry administrator, C-level executives of the industries
l Market Research and consulting firms
l Small and Medium-sized Enterprises (SMEs)
l Raw material suppliers of Cervical Interbody Fusion Cages
l Healthcare organizations
l Research & Clinical Laboratories
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