U.S Spinal Fusion Devices Market Size, Share, Development Strategy, Sales Revenue, Opportunities and Current Industry Status Expected to Exhibit a CAGR of 4.3% by 2023

Optima Insights offers a latest report on “Spinal Fusion Devices Market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report presents current market analysis, upcoming as well as future opportunities, revenue growth, pricing and profitability. The report contains basic, secondary and advanced information pertaining to the Spinal Fusion Devices Market status and trend, size, share, growth, trends, segment and forecasts from 2018 - 2023.

According to Optima Insights, the U.S.spinal fusion devices market is estimated to be valued at US$ 3.5bn in 2017 and is projected to exhibit a CAGR of 4.3% over the forecast period (2019 – 2023).

Key Trends and Analysis of the U.S Spinal Fusion Devices Market:

The spinal surgery has proven to be better clinical experience for most of the spinal fusion surgeries.The spinal fusion devices market got an excellent pace in the U.S market, as it witnessed a peak of sales up to 3.5 billion in 2017 and is expected to reach 6.8bn by 2023. In 2017 U.S. FDA has given 510k clearance to about 116 products of spinal fusion and nearly 140 products were approved by the end of Q3 of 2018, which shows the increase in the products entering into the market. Globus Medical Inc, Orthofix International N.V., Centinel Spine, LLC, NuVasive, Inc., SeaSpine Holdings Corporation and XTANT Medical are the key companies which got multiple products approval from FDA.

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Stringent regulatory guidelines for the approval of the device is expected to hinder the market growth, Implant instability, nerve decompression due to device and infections may also hinder the market share of the spinal fusion devices market in U.S.Patient recovery post fusion surgery is generally slow than any other types of spinal surgeries. Cost of surgical fixation of spinal fusion device may also pull back the market spread.

The spinal fusion is performed in case of broken vertebra, spinal deformities, spinal weakness and spinal instability, spondylolisthesis and herniated discs etc. According to a study conducted by International Osteoporosis Foundation, every new fracture occurs in every 22 seconds.In the U.S. there are about 2 million osteoporotic fractures occur each year which cost close to 17 billion USD and vertebral fractures contribute 1 billion towards this cost and it is expected to increase further, as there is an increase in the population over 50 years of age, with around 16% of fracture rate due to bone weakness.

According to American Association of Neurological Surgeons, 2-3% of the U.S population suffers with Scoliosis.Each year, more than 600,000 scoliosis candidates go for hospital visit, an estimated 30,000 children are fitted with a brace and 38,000 subjects undergo spinal fusion surgery.

The spinal fusion devices market is expected to grow significantlyover the forecast period with increase in aged population with 16% of fracture rate in subjects above 50 years and one fourth of subjects’ overs 60 years due bone weakness. Additionally, there is an increasein the people suffering from Scoliosis and spondylolisthesisin U.S. which may boost the spinal fusion devices market. As of 2016, the spinal fusion rate has increased up to 63% from 2004. The main factor for the increase is spondylolisthesis and scoliosis which accounts for 111% and 186% respectively. The others cases includeherniation, stenosis and disc degeneration etc. The forecasted market share of spinal fusion devices is said to reach up to 10.45 billon benchmark.

Key Market Takeaways:

• The U.S Spinal Fusion Devices Market is expected to exhibit a CAGR of 4.3% during the forecast period (2019 – 2023), with the increase in U.S. orthopedic cases requiring spinal fusion in subjects with fractured vertebras, vertebral weakness, scoliosis and spondylolisthesis.

• Market growth has observed with the change in technology paving way for success of spinal fusion devices market. For instance, the major technologies that are offering best solutions include Flash Align by 7D Surgical, Respina by Amniox Medical/TissueTech, X-Caliber Porous Pedicle Screw by Mighty Oak Medical and TrackX by TrackX Technology, LLC,

• A fewkey competitors operating in the U.S. Spinal Fusion Devices Market include DePuy Synthes, DJO Global, Aesculap Implant Systems, Zimmer Biomet, Stryker, Medtronic plc, Globus Medical, Alphatec Spine, K2M, Arthrex, NuVasive, Alphatec Spine, Amedica Corporation, Aspen Medical Products, Aurora Spine, Bioventus,Camber Spine Technologies, ChoiceSpine, Exactech, Mazor Robotics, Medicrea, Meditech Spine, Orthalign, Osseon Therapeutics, Pacira Pharmaceuticals and Paradigm Spine etc.

• Few startups at a glance such as ZygoFix, Intelligent Implants, Minimally Invasive Spinal Technology, Viseon Spine, EDGe Surgical andHyalex Orthopaedics etc.

Optima Insights has a geographical/regional coverage on five major regions, include, North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. This extensive regional coverage also deep dives into major 26 countries, include, U.S., Canada, Brazil, Mexico, Argentina, Rest of Latin America, U.K., Germany, France, Italy, Spain, Russia and Rest of Europe, India, China, Japan, Australia, South Korea, Australia, ASEAN, Rest of Asia Pacific, Israel, GCC, Rest of Middle East, North Africa, Central Africa and South Africa.

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