Global Non Fusion Spinal Devices Market Trends, Analysis, Growth, and Forecast: 2018 to 2027

Global Non Fusion Spinal Devices Market Overview:

“The global Non Fusion Spinal Devices Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”

Non fusion spinal devices is used to treat spinal disorder. The surgery causes less muscle damage and requires shorter hospital stay, furthermore, it increases mobility after surgery.

Increasing prevalence of spinal degenerative disorders is major factor expected to boost the growth of global non fusion spinal devices market over the forecast period. Increasing demand for minimally-invasive surgical procedure is another factor expected to augment the growth of the global non fusion spinal devices market over the forecast period.

In addition, rapidly growing ageing population, increasing incidences of obesity, and changing life style among the people are some factors which can lead to spinal disorders thus creating demand for non-fusion spinal devices over the forecast period. Continuous focus by manufacturers to develop innovative and novel products so as to gain competitive edge is other factor expected to drive the growth of the market over the forecast period.

However, lack of adequate reimbursement policies is expected to restrain the growth of the global non fusion spinal devices market over the forecast period.

Development of the devices that provides faster recovery rate, greater flexibility is expected to create opportunities for new as well as existing players operating in the global non fusion spinal devices market over the forecast period.

North America market dominates the global non fusion spinal devices market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to presence of well-developed healthcare infrastructure, and increasing number of approvals for non fusion spinal devices in the region. Europe accounts for second-largest revenue share contribution to the global non fusion spinal devices market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively.

The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years, owing to the developing healthcare infrastructure, increasing number of cases of spinal disorders, and rapidly growing ageing population in the region.

Global Non Fusion Spinal Devices Market Segmentation:

Global non fusion spinal devices market segmentation, by type:

• Dynamic Stabilization Devices Lumbar Plates
  • Interspinous Process Spacers
  • Pedicle-based Dynamic Rod Devices
• Artificial Discs
  • Artificial Cervical Discs
  • Artificial Lumbar Discs
• Annulus Repair Devices
• Nuclear Disc Prosthesis

Global non fusion spinal devices market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa