The demand for spine biologics is likely to rise due to the number of spine cord injuries, bone fusion surgery, and degenerative disk globally during the forecast period.
During the forecast period, the Spine Biologics Market is expected to grow at a CAGR of 4.5%. The market is expected to be worth US$ 2.62 billion in 2022 and US$ 4.7 billion by 2032.
The study offers a detailed analysis of dynamics including driver, restraints, opportunities, and challenges, and also highlights their consequent impact on the market. The report also uncovers critical trends accelerating the sales across various market segments.
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Advent of Telehealth and Virtual Care to Create Tailwind for the Spine Biologics Market Growth
Digitization is making deeper inroads across diverse industries, such as healthcare, owing to the increasing penetration of the internet and smartphones across the world.
During the COVID-19 outbreak, healthcare practitioners and patients realized the importance of digitization and encouraged them to adopt virtual methods of patient examination and consultation to counter the regulations concerning social distancing. This gave rise to a new medical domain, Telehealth.
Since the outbreak, telehealth has gained immense popularity, especially among the geriatric population, owing to the convenience associated with it. Hence, increasing adoption of telehealth across radiology, behavioral health, cardiology, and online consultation is expected to create lucrative opportunities for growth in the Spine Biologics market.
Key Spine Biologics Market Takeaways and Projections
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Report Benefits & Key Questions Answered
Competitive Landscape Analysis
The latest study conducted by FMI provides in-depth insights into the global Spine Biologics market to assist management level decision-makers in constructing a strategy to capitalize on the critical trends & opportunities. It also discloses competitive trends and profiles a list of leading players operating in the global Spine Biologics market.
Some of the prominent market players are profiled by FMI are:
Alphatech Spine, Medtronics, Biomet, Globus medical, Exactech, RTI Biologics, Zimmer, Small Bone Innovations, Stryker, Amedica, K2M, NuVasive, Precision Spine, TranS1
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Spine Biologics Market: Segmentation
Spine Biologics can be segmented by product type as follows:
Region
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
May 18, 2023