Global Spine Devices Market: Analysis of Key Trends and Drivers Shaping Future Growth until the End of 2022

According to a new FactMR report, the global spine devices market is projected to reach US$ 8,348.2 million revenue by the end of 2022. The market is expected to witness robust growth during the forecast period 2017 to 2022. Implantable Polyetheretherketone (PEEK) is also gaining traction and has become one of the most common biomaterials used in spinal devices. Improving quality of care and ongoing research are also driving the global spine devices market.

4 Forecast Highlights on Global Spine Devices Market

1. North America is projected to remain dominant in the global spine devices market throughout the forecast period from 2017 to 2022. The market is anticipated to witness the robust growth, reaching close to US$ 2,900 million revenues by the end of 2022. Owing to the availability of healthcare infrastructure and increase in investment by the government to improve healthcare across the region, North America is expected to emerge as the biggest market for spine devices.

2. Asia Pacific Excluding Japan (APEJ) spine devices market is expected to experience impressive growth through 2022. The rise in a number of accidents resulting in spine injury, improving lifestyle and an aging population are some of the factors boosting the growth of APEJ spine devices market.

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3. Spinal plates will emerge as one of the most-preferred spine devices. Towards the end of 2017, Spinal plates are projected to gain nearly one-fourth of the revenue share. Meanwhile, spinal screws will also witness healthy growth, reaching nearly US$ 1,500 million revenue by 2022 end.

4. Compared to orthopedic clinics as the end user of spine devices, hospitals will emerge as the biggest users of spine devices. Towards the end of 2022, Hospitals as the end user are projected to surpass US$ 5,600 million revenue. Hospitals are also expected to account for more than two-third revenue share on global revenues by the end of 2017.

Hospitals to Witness Maximum Revenue Share

Hospitals are expected to form as strong customer base in the global spine devices market as compared to orthopedic clinics. Towards the end of 2017, hospitals are anticipated to account for more than two-third of global revenue share. Hospitals as end users are projected to reach close to US$ 5,700 million by the end of 2022. Increasing number of spinal surgeries performed at hospitals is one of the factors driving demand for spinal devices.

Spinal Plates to Emerge as Highly-Preferred Spine Device

Spinal plates are being used on a large scale by surgeons to ensure fixation of the spine. Spine plates are anticipated to remain the top-selling product in global spine devices market during 2017-2022. Sales of spine plates is projected to bring in nearly US$ 2,000 million revenue by the end of 2022. Meanwhile, Spinal screws is expected to emerge as the second largest product in the global spinal devices market. Between 2017 and 2022, spinal screws segment is anticipated to create an incremental opportunity of over US$ 300 million.

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Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global spine devices market through 2022, which include Exactech, Inc., NuVasive, Inc., DePuy Synthes, Amedica Corporation, Braun Melsungen AG, Arthrocare, Medtronic Plc., K2M Group Holding, Inc., Stryker Corporation, and Zimmer Biomet Holdings, Inc.

Table of Contents:

1. Global Spine Devices Market – Executive Summary

2. Global Spine Devices Market Overview

3. Global Spine Devices Market Analysis and Forecast By Product

4. Global Spine Devices Market Analysis and Forecast By End User
4.1. Global Spine Devices Market Size and Forecast By End User, 2012-2022
4.1.1. Hospitals Spine Devices Market Size and Forecast, 2012-2022
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Orthopaedic Clinics Spine Devices Market Size and Forecast, 2012-2022
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region

5. Global Spine Devices Market Analysis and Forecast By Region
5.1. Global Spine Devices Market Size and Forecast, 2012-2022
5.1.1. North America Spine Devices Market Size and Forecast, 2012-2022
5.1.1.1. Revenue (US$ Mn) Comparison, By Product
5.1.1.2. Revenue (US$ Mn) Comparison, By End User

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This release was published on openPR.