The worldwide market for Cervical Interbody Fusion Cages is expected to grow at a CAGR of roughly 3.9% over the next five years, will reach 1030 million US$ in 2024, from 820 million US$ in 2019, according to a new research study. This growth is fueled by the Stand-alone cages:
Why the cervical stand-alone cages market grows?
- First, because it is a simple procedure: Traditionally, in order to hold an IBD in place, the surgeon had to use a supplemental fixation plate to help. These newstand-alone design by utilizing two screws to help secure the IBD in its functional position, eliminates the need for a supplemental fixation plate making the procedure more easy and fast to implement.
- Second, because the US spinal implant market is a mature market with its largest product segments — traditional anterior cervical plating and posterior thoracolumbar pedicle screw fixation — featuring largely commoditized products and a lack of product innovation”.Steady pricing decreases are expected in most segments of the spinal implant market through 2024.Fortunately, shifts in procedure and product mix to premium-priced plate/cage hybrid devices with integrated screw fixation, (stand-alone cages) will help offset declining unit prices.
How many Stand Alone cages compete in this market?
We found at least 60 competitors with different designs and materials. If you want to know more about them, please visit our ACIF section: http://www.thespinemarketgroup.com/category/acif/
Please, comments are welcome and do not hesitate to contact us by mail ([email protected]) if you have any issue related with this topic.