Press release
Flexible Spinal Implants Market Projected to Grow Radiantly By 2023 | Most Eminent Players- Paradigm Spine LLC, Medtronic plc. Abbott Spine, Inc., Raymedica, K2M Group Holdings, Stryker Corporation
Global Flexible Spinal Implants Market -Scenario
Technological advancements in spine implants, increasing aging and obese population, rising cases of spine deformities, demand for minimally invasive spine surgery, growth in the number of hospitals offering spinal surgeries are fueling the growth of global flexible spinal implants market.
The market restraints are stringent product approval process, uncertain reimbursement scenario, high cost of treatment procedures, concerns about safety of advanced products etc.
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Considering all these factors the market for flexible spinal implants is expected to reach $ 4 billion by the end of 2023, this market is projected to growing at a CAGR of ~ 13.2 % during 2017-2023.
Key Players of Global Flexible Spinal Implants Market:
Paradigm Spine LLC
Medtronic plc.
Abbott Spine, Inc.
Raymedica
K2M Group Holdings
Stryker Corporation
Zimmer Biomet Holdings, Inc.
B. Braun Melsungen AG
Alphatec Holdings, Inc.
NuVasive, Inc.
Orthofix International N.V.
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Global Flexible Spinal Implants Market -Segments:
The global flexible spinal implants market is segmented on the basis of type and applications. Based on type, the market has been segmented as rods, hooks, pedicle screws, plates, cages and other. Based on the applications, the market has been segmented as thoracic, lumbar, cervical, artificial discs and other.
Global Flexible Spinal Implants Market -Regional Analysis
US accounts for the maximum market share due to favorable reimbursement scenario and greater expenditure on healthcare. Europe is the second largest market due to large disposable income and rising awareness. Asia Pacific region is the fastest region because of large unmet needs which is led by China and India.
The Middle East and Africa market is led by the gulf nations particularly Saudi Arabia and UAE. The poor regions of Africa are expected to be a laggard due to poor economic and political conditions.
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