The global
spinal implants
and spinal devices market is growing, due to increasing demand for
minimally invasive surgeries, increasing number of hospitals and surgical
centers, and commercial applications in areas, such as nucleus arthroplasty,
stem cell technology and artificial disk replacement. The spinal fusion and
fixation technology dominates the market and the non-fusion/ motion
preservation technology segment is expected to grow with the fastest rate
during the forecast period, due to increasing demand for minimally invasive
surgical procedures among patients and development of technologically advanced
non-fusion devices.
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Spinal Devices Market at: https://www.psmarketresearch.com/market-analysis/spinal-implants-and-spinal-devices-market
The massive
unexplored market in the spinal implants and spinal devices industry of the
developing economies is creating abundant growth opportunities for the global spinal
implants and spinal devices surgery market. Spine is one of the complex series of joint within the
body and enclosed spinal cord, which is the part of spinal cord. Spinal
implants are used to treat spinal disorders and improve the quality of
patient’s life.
Some of the factors driving growth of the global spinal
implants and spinal devices market are growing
geriatric population, increasing incidence of spinal disorders, advancements in
spine surgery technologies, technological developments in bone grafting
products, and increasing healthcare expenditure. In addition, the increasing
obese population and sedentary lifestyle, increasing incidence of road
accidents, and improving healthcare infrastructure in developing countries are
also driving the growth of the market. However, strict regulatory requirements,
high cost of treatment procedure and limited reimbursement are some of the
factors, restraining the growth of the global spinal
implants and spinal devices market.
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Geographically,
North America is expected to dominate the global spinal implants and spinal devices
market in the coming years, due to increasing incidence of spinal disorders,
increasing awareness of newly developed treatment technologies, well
established healthcare infrastructure, and increasing government funding and
support for research and development of advanced spine treatment devices. Asia-Pacific
is expected to be the fastest growing region in the market, due to presence of
huge pool of patients and increasing geriatric population in the region. In
addition, the Asia-Pacific spinal implants and spinal devices market is growing, due
to increasing government healthcare spending, increasing healthcare expenditure,
and refining healthcare infrastructure in the emerging countries, such as India
and China. However, the lack of trained healthcare workers and lack of
awareness of spinal devices are restricting the growth of the market in
Asia-Pacific.
Some of the companies operating in the global spinal
implants and spinal devices market are Medtronic PLC, LDR Holding Corporation, Johnson &
Johnson, Stryker Corporation, K2M Group Holdings Inc., Nuvasive Inc., Globus
Medical Inc., Alphatec Spine Inc., Orthofix International N.V., and Zimmer
Biomet Holdings Inc.
Spinal Implants and Spinal Devices Market Segmentation
By Product
Ø
Thoracic Fusion and Lumbar Fusion Devices
Ø
Cervical Fusion Devices
Ø
Spinal Biologics
Ø
Vertebral Compression Fracture Treatment
Devices
Ø
Non-Fusion Treatment Devices
Ø
Spine Bone Stimulators
By Technology
Ø
Spinal Fusion and Fixation Technologies
Ø
Vertebral Compression Fracture Treatment
Ø
Non-Fusion Technologies/ Motion Preservation
By Type of Surgery
Ø
Open Surgeries
Ø
Minimally Invasive Surgeries
By Type of Procedure
Ø
Discectomy
Ø
Laminectomy/ Laminotomy
Ø
Facetectomy
Ø
Corpectomy
Ø
Foraminotomy/ Foraminectomy
By Geography
Ø
North America
o U.S.
Ø
Europe
o Germany
o France
o U.K.
Ø
Asia-Pacific
o Japan
o India
o China
Ø
Rest of the World
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