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Global Spinal Fusion Market by Manufacturers, Regions, Type and Application, Forecast to 2023
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Scope of the Report:
This report focuses on the Spinal Fusion in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Spinal fusion contains transforaminal lumbar interbody fusion (TLIF), anterior lumbar interbody fusion (ALIF), posterior lumbar interbody fusion (PLIF), posterior lumbar fusion (PLF), extreme lateral interbody fusion (XLIF). The spinal fusion industry is relatively concentrated. The requirement of device precision and quality are high, and the device need accord with biomechanical characteristics of human body and have good biocompatibility with human tissue.
With the rapid development of industry, global demand for spinal fusion is increasing. In 2015, treatment of spinal diseases application accounts for 45.65% of global consumption, while control spinal deformity development and protection of spinal nerves take about 36.56% and 12.75%, respectively.
The global average price of spinal fusion is in the decreasing trend, from 1761 USD/Unit in 2011 to 1549 USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years. In line with global trends, the China average price of Spinal Fusion decreased from 1698 USD/Unit in 2011 to 1484 USD/Unit in 2016.
The spinal fusion production in 2016 will reach about 2412.1 K Units from about 1633.1 K Units in 2011 with an average growth rate of 8.12%. USA is the biggest production base, which holds 57.14% production share in 2015.
USA and EU are the main consumption bases, and USA holds 43.24% consumption share and EU holds 25.59% consumption share in 2015. They occupy 68.82% of the global consumption in total.
The worldwide market for Spinal Fusion is expected to grow at a CAGR of roughly 4.8% over the next five years.
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Market Segment by Manufacturers, this report covers
Stryker Corporation
Medtronic
Zimmer Biomet
Depuy Synthes Companies
Globus Medical
B. Braun Aesculap
Nuvasive
K2M
MicroPort
Orthofix International N.V
Alphatec Spine
Integra LifeSciences
Invibio
Weigao Orthopaedic
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Transforaminal Lumbar Interbody Fusion (TLIF)
Anterior Lumbar Interbody Fusion (ALIF)
Posterior Lumbar Interbody Fusion (PLIF)
Posterior Lumbar Fusion (PLF)
Extreme Lateral Interbody Fusion (XLIF)
Market Segment by Applications, can be divided into
Treatment of Spinal Diseases
Control Spinal Deformity Development
Protection of Spinal Nerves
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