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Latin America Spinal Implants Market Research Report – Segmented By Technology, Product and Country (Mexico, Brazil, Argentina, Chile & Rest of Latin America) - Industry Analysis, Size, Share, Growth, Trends, & Forecasts (2022 to 2027)

Published: January, 2022
ID: 3041
Pages: 132

Latin America Spinal Implants Market Size (2022 to 2027)

As per our report, the Latin American Spinal Implants Market size is valued at USD 1167.00 Million in 2022 and is expected to grow at a CAGR of 4.57% to reach USD 1459.17 Million by 2027.

Most surgeries are not needed in spinal conditions/disorders; however, there are times when they cannot be avoided. When that happens, these deformities are corrected using specially designed spinal instruments that strengthen and stabilize the spine and facilitate fusion. Stainless steel or titanium-alloy are generally used to make spinal implants. However, sometimes non-metallic compounds are also used.

Augmenting the geriatric and obese population, technological advancements in spine surgery devices, rising incidence and prevalence of spinal disorders, and growing demand for minimally invasive spine surgery are the primary factors driving this market's growth.

Cumbersome and stringent processes and regulatory frameworks in developed countries for the approval of products, uncertainty in reimbursement, and the high cost of treatment procedures are a few of the inhibitor's market growth. Further, secondary factors like lack of patient awareness about the newly developed spine treatment procedures and the paucity of adequate physician education and government cost-containment measure restraining the market growth.

This research report on the Latin American Spinal Implants Market has been segmented and sub-segmented into the following categories:

By Technology: 

  • Fusion
  • Fixation
  • VCF
  • Decompression
  • Motion Preservation

By Product: 

  • Thoracic
  • Lumbar
  • Cervical
  • Interbody
  • Kyphoplasty
  • Artificial Discs
  • MIS
  • Biologics
  • Stimulators

By Country: 

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

Based on the region, it is the second to last in terms of market share. Brazil is the leading market in this region. The Latin American spinal implants market is projected to record a moderate share during the forecast period. However, due to the increase in the continuous developments and advancements in the industry in the region, it is expected to gain benefits in spine surgery technologies and spinal implants in the coming future. Further, this market is being driven by the growing demand for less invasive surgical procedures, the aging population, and improving healthcare facilities.

The spinal implants market in Brazil and Mexico are projected to account for a prominent share in the Latin American market during the forecast period. The market growth in these countries is attributed to the rising prevalence of obesity, and associated spine issues rise in the market competition and favorable government policies.

On the other hand, Chile is in a stage undergoing advanced and demographic change. Compared to the developed nations, 22.3 percent of the entire population is between the ages of 0 and 14, 68.1 percent is between the ages of 15 and 64, and 9.6 percent is 65 or older, with 28 percent of the obesity rate. It is the result of reduced birth rates, higher life spans, and a rapidly aging population. In an aging population, a high incidence of neck and low back pain is linked to an increase in spinal diseases because spinal implantation helps patients with fractures, deformities, and degenerative disorders of the spine to be more stable.

KEY MARKET PLAYERS:

A few of the promising companies dominating the Latin American spinal implants market profiled in the report are Medtronic, plc (Ireland), DePuy Synthes (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), and RTI Surgical, Inc. (U.S.).

1.Introduction                  

                1.1 Market Definition    

                1.2 Study Deliverables  

                1.3 Base Currency, Base Year and Forecast Periods          

                1.4 General Study Assumptions

2. Research Methodology                           

                2.1 Introduction               

                2.2 Research Phases      

                                2.2.1 Secondary Research                                           

                                2.2.2 Primary Research                                 

                                2.2.3 Econometric Modelling                                      

                                2.2.4 Expert Validation                                  

                2.3 Analysis Design         

                2.4 Study Timeline          

3. Overview                       

                3.1 Executive Summary

                3.2 Key Inferences         

                3.3 Epidemology              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                    

                4.1 Market Drivers          

                4.2 Market Restraints    

                4.3 Key Challenges         

                4.4 Current Opportunities in the Market              

5. Market Segmentation                              

                5.1 Technology 

                                5.1.1 Introduction                                           

                                5.1.2 Spinal Fusion and Fixation Technologies                                     

                                5.1.3 Vertebral Compression Fracture Treatment                                             

                                5.1.4 Motion Preservation/Non-Fusion Technologies                                     

                                5.1.5 Spinal Decompression                                        

                                5.1.6  Y-o-Y Growth Analysis, By Technology                                       

                                5.1.7  Market Attractiveness Analysis, By Technology                                     

                                5.1.8  Market Share Analysis, By Technology                                       

                5.2 Product        

                                5.2.1 Introduction                                           

                                5.2.2 Thoracic Fusion and Lumbar Fusion Devices                                             

5.2.2.1 Posterior Thoracic Fusion and Lumbar Fusion Devices                      

5.2.2.2 Interbody Thoracic Fusion and Lumbar Fusion Devices                    

                5.2.2.2.1 By Approach   

                                5.2.2.2.1.1 Anterior Lumbar Interbody Fusion Devices

                                5.2.2.2.1.2 Posterior Lumbar Interbody Fusion Devices

                                5.2.2.2.1.3 Transforaminal Lumbar Interbody Fusion Devices

                                5.2.2.2.1.4 Axial Lumbar Interbody Fusion Devices

                5.2.2.2.2 By Material      

                                5.2.2.2.2.1 Non-Bone Interbody Fusion Devices

                                5.2.2.2.2.2 Bone Interbody Fusion Devices

                5.2.2.2.3 Anterior Thoracic Fusion and Lumbar Fusion Devices    

5.2.2.3 Cervical Fusion Devices                  

                5.2.2.3.1 Anterior Cervical Fusion             

                                5.2.2.3.1.1 Anterior Cervical Plates

                                5.2.2.3.1.2 Cervical Interbody Fusion Devices

                                5.2.2.3.1.3 Anterior Cervical Screw Systems

                5.2.2.3.2 Posterior Cervical Fusion           

                                5.2.2.3.2.1 Posterior Cervical Plates

                                5.2.2.3.2.2 Posterior Cervical Screws

                                5.2.2.3.2.3 Posterior Cervical Rods

5.2.2.4 Spine Biologics                   

                5.2.2.4.1 Demineralized Bone Matrix      

                5.2.2.4.2 Bone Morphogenetic Proteins

                5.2.2.4.3 Bone Substitutes          

                5.2.2.4.4 Machined Bones           

                5.2.2.4.5 Cell-Based Matrices     

                5.2.2.4.6 Allografts          

5.2.2.5 Vcf Treatment Devices                   

                5.2.2.5.1 Balloon Kyphoplasty Devices   

                5.2.2.5.2 Vertebroplasty Devices              

5.2.2.6 Spinal Decompression                    

                5.2.2.6.1 Discectomy      

                5.2.2.6.2 Laminoplasty, Laminectomy, and Laminotomy

                5.2.2.6.3 Foraminotomy and Foraminectomy     

                5.2.2.6.4 Facetectomy   

                5.2.2.6.5 Corpectomy    

5.2.2.7 Non-Fusion Devices                        

                5.2.2.7.1 Dynamic Stabilization Devices  

                                5.2.2.7.1.1 Interspinous Process Spacers

                                5.2.2.7.1.2 Pedicle-Based Dynamic Rod Devices

                                5.2.2.7.1.3 Facet Replacement Products

                5.2.2.7.2 Artificial Discs  

                                5.2.2.7.2.1 Artificial Cervical Discs

                                5.2.2.7.2.2 Artificial Lumbar Discs

                5.2.2.7.3 Annulus Repair Devices              

                5.2.2.7.4 Nuclear Disc Prostheses             

5.2.2.8 Spine Bone Stimulators                  

                5.2.2.8.1 Non-Invasive Spine Bone Stimulators  

                                5.2.2.8.1.1 Pulsed Electromagnetic Field Devices

                                5.2.2.8.1.2 Cc and Cmf Devices

                5.2.2.8.2 Invasive Spine Bone Stimulators            

                                5.2.3 Y-o-Y Growth Analysis, By Product                                               

                                5.2.4 Market Attractiveness Analysis, By Product                                             

                                5.2.5 Market Share Analysis, By Product                                               

                5.3 Type of Surgery        

                                5.3.1 Introduction                                           

                                5.3.2 Open Surgeries                                     

                                5.3.3 Minimally Invasive Surgeries                                           

6. Geographical Analysis                              

                6.1 Introduction               

                                6.1.1 Regional Trends                                    

                                6.1.2 Impact Analysis                                     

                                6.1.3 Y-o-Y Growth Analysis                                        

6.1.3.1 By Geographical Area                     

6.1.3.2 By Technology                   

6.1.3.3 By Product                           

6.1.3.4 By Type of Surgery                           

                                6.1.4  Market Attractiveness Analysis                                     

6.1.4.1 By Geographical Area                     

6.1.4.2 By Technology                   

6.1.4.3 By Product                           

6.1.4.4 By Type of Surgery                           

                                6.1.5  Market Share Analysis                                      

6.1.5.1 By Geographical Area                     

6.1.5.2 By Technology                   

6.1.5.3 By Product                           

6.1.5.4 By Type of Surgery                           

                6.2 Brazil

                6.3  Mexico

                6.4 Argentina

                  6.5 Chile

7.Strategic Analysis                        

                7.1 PESTLE analysis         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                       

                7.2 Porter’s Five analysis              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                                              

                                7.2.5 Competitive Rivalry within the Industry                                     

8.Market Leaders' Analysis                         

                8.1 Medtronic PLC          

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Financial analysis                                  

                                8.1.4 Recent Developments                                       

                                8.1.5 SWOT analysis  

                                8.1.6 Analyst View   

  1. Latin America Spinal Implants Market, By Technology, From 2022 - 2027 (USD Million)
  2. Latin America Spinal Fusion and Fixation Technologies Market, By Region, From 2022 - 2027 (USD Million)
  3. Latin America Vertebral Compression Fracture Treatment Market, By Region, From 2022 - 2027 (USD Million)
  4. Latin America Motion Preservation/Non-fusion Technologies Market, By Region, From 2022 - 2027 (USD Million)
  5. Latin America Spinal Decompression Market, By Region, From 2022 - 2027 (USD Million)
  6. Latin America Spinal Implants Market, By Product, From 2022 - 2027 (USD Million)
  7. Latin America Thoracic Fusion and Lumbar Fusion Devices Market, By Region, From 2022 - 2027 (USD Million)
  8. Latin America Cervical Fusion Devices Market, By Region, From 2022 - 2027 (USD Million)
  9. Latin America Spine Biologics Market, By Region, From 2022 - 2027 (USD Million)
  10. Latin America Vertebral Compression Fracture Treatment Devices Market, By Region, From 2022 - 2027 (USD Million)
  11. Latin America Non-fusion Devices Market, By Region, From 2022 - 2027 (USD Million)
  12. Latin America Spine Bone Stimulators Market, By Region, From 2022 - 2027 (USD Million)
  13. Latin America Spinal Decompression Devices Market, By Region, From 2022 - 2027 (USD Million)
  14. Latin America Spinal Implants Market, By Type of Surgery, From 2022 - 2027 (USD Million)
  15. Latin America Open Surgery Market, By Region, From 2022 - 2027 (USD Million)
  16. Latin America Minimally Invasive Surgery Market, By Region, From 2022 - 2027 (USD Million)
  17. Brazil Spinal Implants Market, By Technology, From 2022 - 2027 (USD Million)
  18. Brazil Spinal Implants Market, By Product, From 2022 - 2027 (USD Million)
  19. Brazil Spinal Implants Market, By Type of Surgery, From 2022 - 2027 (USD Million)
  20. Argentina Spinal Implants Market, By Technology, From 2022 - 2027 (USD Million)
  21. Argentina Spinal Implants Market, By Product, From 2022 - 2027 (USD Million)
  22. Argentina Spinal Implants Market, By Type of Surgery, From 2022 - 2027 (USD Million)
  23. Mexico Spinal Implants Market, By Technology, From 2022 - 2027 (USD Million)
  24. Mexico Spinal Implants Market, By Product, From 2022 - 2027 (USD Million)
  25. Mexico Spinal Implants Market, By Type of Surgery, From 2022 - 2027 (USD Million)
  26. Rest of Latin America Spinal Implants Market, By Technology, From 2022 - 2027 (USD Million)
  27. Rest of Latin America Spinal Implants Market, By Product, From 2022 - 2027 (USD Million)
  28. Rest of Latin America Spinal Implants Market, By Type of Surgery, From 2022 - 2027 (USD Million)

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