Global Spinal Implants and Surgical Devices Market Trends, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz delivers in-depth insights on the global spinal implants and surgical devices market in its upcoming report titled, “Global Spinal Implants and Surgical Devices Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global spinal implants and surgical devices market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global spinal implants and surgical devices market report has been segmented on the basis of technology, product, type, and region.
Spinal implant is the device that facilitates fusion, improves stability of spine, strengthen the spine, and correct any deformities. Furthermore, spinal implant is used to treat various disorders which includes scoliosis, spondylolisthesis, kyphosis, and fracture. Spinal cord stimulator provides several benefits as it does not require major surgery to implant whereas manages pain on long term basis and has fewer side effects. It also improves the ability to function and participate in daily activities.
Rapidly growing ageing population and increasing number of cases of spinal disorders is a major factor expected to boost the growth of global spinal implants and surgical devices market over the forecast period. Continuous innovation in spinal surgery technologies is other factor expected to propel the market growth over the forecast period. Increasing demand for minimally invasive surgical procedures is expected to contribute to the market growth over the forecast period.
However, lack of skilled personnel and unfavorable reimbursement scenario is a major factor expected to restraint the growth of the global spinal implants and surgical devices market over the forecast period.
North America market dominates the global spinal implants and surgical 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 rising government funding to support research and development for spine treatment in the region. Europe accounts for second-largest revenue share contribution to the global spinal implants and surgical 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, rapidly growing ageing population, presence of a large patient population, and increasing investments by key players in the region.
Global spinal implants and surgical devices market segmentation, by technology:
- Fusion and Fixation Technology
- Vertebral Compression Fracture Treatment
- Motion Preservation Technologies
- Spinal Decompression
Global spinal implants and surgical devices market segmentation, by product:
- Spinal Fusion Devices
- Spinal Biologics
- Vertebral Compression Fracture Treatment Devices
- Non-fusion Devices
- Spinal Bone Growth Stimulators
Global spinal implants and surgical devices market segmentation, by type:
- Open surgery
- Minimally invasive surgery
Global spinal implants and surgical devices market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Medtronic plc.
- DePuy Synthes, Inc.
- Stryker Corporation
- NuVasive, Inc.
- Zimmer Biomet Holdings, Inc.
- Globus Medical, Inc.
- Alphatec Spine, Inc.
- Orthofix International N.V.
- LDR Holding Corporation
- K2M Group Holdings, Inc.
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