Spinal surgery devices are used for the treatment of low back pain caused by various spinal pathologies such as degenerative disorders, spinal fractures, trauma, and sports injuries. The market for spinal surgery devices is driven by many factors such as a rapidly aging population, technological advances in spinal surgery techniques and an increasing preference for Minimally Invasive Spinal Surgery (MISS).
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The global spinal surgery devices market comprises large number of products in the pipeline with the majority in the spinal fusion segment. Surgeon preference for less complicated spinal fusion procedures and technology advances is resulting in many companies developing products based on the spinal fusion technology platform. Spinal non-fusion makes up lesser number than spinal fusion of total pipeline products. The major market drivers are increasing geriatric population and technological advancement in minimally invasive spine surgery procedures. The market growth might be restricted due inadequate reimbursement policies.
The market can be divided on the basis of three criteria:
Based on Product
Cervical Fixation devices
Interbody Fusion devices
Based on Surgery
Open Spine surgery
Minimally Invasive Spine surgery
The current scenario of economic slowdown in the European countries U.S. coupled with the pricing pressures are some of the driving factors that will fuel the spine surgery devices market in the Asian region as a result of the growing population, awareness of newly developed technologies, increased per capita income of the hospitals and the people, improved medical literacy and tourism.
A number of factors such as rising incidence and prevalence of spinal disorders; development of technologically advanced, safer, and cost-effective spinal devices; global rise in the old age and obese population; and rising demand for minimally invasive spine surgery are fueling the growth of the spinal implants and surgical devices market.
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Alphatec Holdings, Inc., B. Braun Melsungen AG, Depuy Synthes (Johnson & Johnson), Exactech, Inc., Globus Medical, Inc., Medtronic Plc., NuVasive, Inc., Orthofix International N.V., Stryker Corporation, and Zimmer Biomet Holdings, Inc. Other players include Paragon Medical, Inc., Norman Noble, Inc., Nutech, Titan Spine, Wenzel Spine, Inc., X-Spine Systems, Inc., Tecomet, Inc., Marox Corporation, Axial Medical, Spine Wave, Inc., K2M, Inc., and Captiva Spine, LLC.
Report ContentsRegional AnalysisReport Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
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