Thoracolumbar Stabilization Device Market Size

Thoracolumbar Stabilization Device Market size was over USD 1.21 billion in 2023 and is poised to exceed USD 2.46 billion by 2036, witnessing over 5.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of thoracolumbar stabilization device is estimated at USD 1.26 billion, on the back of increasing number of cases with spinal and back injuries.

According to National Spinal Cord Injury Statistical Centre (NSCISC), USA records nearly 17,700 new spinal cord injury cases every year. Spinal injuries and back pains are among the most prevalent health issue conditions which is anticipated to be one of the major factors that is contributing to the growth of global thoracolumbar stabilization device market in the forecast period.