Global Anular Closure Device Market Research Report 2022

Knee, spinal and hip injuries are the most common form of the injuries associated with the accident and trauma. The increasing number of lumbar disc herniation and spinal injuries lead to demand for innovative devices such as anular closure devices. Anular closure devices such as Barricaid anular closure device is an implant which has three components mesh (PET layers connected with PTFE-coated PET sutures), anchor and marker. Barricaid anular closure device is made of titanium and it’s attached to a polyester mesh. Barricaid anular closure device is intended to close the hole in patient spinal bone following a limited discectomy procedure in the lower back after an initial herniated disc. Barricaid anular closure devices are intended to implant for discectomy to prevent reherniation and recurrence of pain or dysfunction. Some of the other products available for the annulus fibrosus repair and annulus closure are the Xclose Tissue Repair System, Anchor Band Suturing System, Inclose Surgical Mesh System, and Disc Annular Repair Technology (DART) System.

Due to the COVID-19 pandemic, the global Anular Closure Device market size is estimated to be worth US$ million in 2021 and is forecast to a readjusted size of US$ million by 2028 with a CAGR of % during the forecast period 2022-2028. Fully considering the economic change by this health crisis, the Europe Anular Closure Device market is estimated at US$ million in 2022, while the United States and China are forecast to reach US$ million and US$ million by 2028, respectively. The proportion of the United States is % in 2022, while Chinese percentage is %, and it is predicted that China market share will reach % in 2028, trailing a CAGR of % through the analysis period. As for the Europe Anular Closure Device landscape, Germany is projected to reach US$ million by 2028. and in Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.

Suturing System accounting for % of the Anular Closure Device global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Hospitals segment is altered to an % CAGR throughout this forecast period and will hold a share about % in 2028.

The global major manufacturers of Anular Closure Device include Intrinsic Therapeutics, Anulex Technologies, Inc. and Magellan Spine Technologies, Inc., etc. In terms of revenue, the global 3 largest players have a % market share of Anular Closure Device in 2021.

This report focuses on Anular Closure Device volume and value at the global level, regional level, and company level. From a global perspective, this report represents overall Anular Closure Device market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan, etc.

Global Anular Closure Device Market: Segment Analysis

The research report includes specific segments by region (country), by company, by Type and by Application. This study provides information about the sales and revenue during the historic and forecasted period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.


Segment by Type


Suturing System

Surgical Mesh

Reherniation Reduction Device


Segment by Application


Hospitals

Ambulatory Surgical Centers

Spine Surgery Centers

By Region

North America

United States

Canada

Europe

Germany

France

U.K.

Italy

Russia

Asia-Pacific

China

Japan

South Korea

India

Australia

China Taiwan

Indonesia

Thailand

Malaysia

Latin America

Mexico

Brazil

Argentina

Middle East & Africa

Turkey

Saudi Arabia

UAE


By Company


Intrinsic Therapeutics

Anulex Technologies, Inc.

Magellan Spine Technologies, Inc.