According to FutureWise analysis the market for interbody fusion cage is expected to reach US$ 3.16 billion by 2031 at a CAGR of 4.92%.
The interbody fusion cage is a man-made medical device that is used to maintain foraminal height and decompression during spinal fusion procedures. The interbody fusion cage is a massive, hollow cylinder made of titanium, carbon fibre, or a femur allograft. The cage-like device is designed to allow a bone graft to be put into the hollow cylinder, allowing two vertebrae to fuse together. An interbody fusion cage is used to stabilise the spine and cervical region. The cages could be filled with autologous bone material to help with arthrodesis (artificial induction of joint ossification). The global interbody fusion cages market is expected to grow significantly during the projected period due to the advantages that allow the surgeon to rapidly decompress nerves and mend the spine. Furthermore, the market is being driven by an increase in the senior population as well as an increase in the frequency of spinal cord injuries caused by accidents or diseases such as degenerative disc disease. Furthermore, market expansion is aided by increased disposable income in developing economies like as India and China. High costs connected with spinal fusion surgeries, a scarcity of experienced professionals, and increased disposable incomes in emerging nations are all limiting the market for interbody fusion cages.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Interbody Fusion Cage Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Interbody Fusion Cage Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.