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Global Spine Biologics Market Expected to Reach $2,214 Million by 2022, Growth Analysis Report By Major Companies, Regions, Types, Applications

11-13-2018 08:01 PM CET | Health & Medicine

Press release from: Allied Market Research

Global Spine Biologics Market Expected to Reach $2,214 Million

Biologics are used during spinal fusion procedure, as they stimulate bone growth formation through inflammatory stage, repair stage, and remodeling stage. Therefore, rise in number of spinal fusion surgery boosts the use of biologics.

Increase in geriatric population is the major factor anticipated to fuel the demand for biologics in future. For instance, spinal disorders such as spinal stenosis is the most common problem in men and women over 50 years. Aging leads to structural alterations in spine such as thickening of the band of the tissue that supports the spine and enlargement of bones & joints, thus resulting in spinal impairment. According to “Eurostat”, the population of the European Union (EU) was estimated to be 508.5 million on January 1, 2015. Aged population (65 or over) had a share of 18.9%, which showed an increase of 0.4% compared to the previous year. Therefore, older people who are at a higher risk to develop spinal deformities have increased chances to undergo spinal fusion surgery, which in turn is projected to increase the demand for spine biologics.

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Global spine biologics market generated revenue of $1,644 million in 2015, and is projected to reach $2,214 million by 2022, growing at a CAGR of 4.3% during the forecast period. Spine biologics are used during spine fusion surgery for the treatment of spinal deformities such as trauma, tumors, degenerative disc disease, and spinal cord injuries. Increase in geriatric population, advantages of biologics such as minimal postoperative time, faster recovery, and their ability to activate cellular growth are the factors that drive the market growth. However, unfavorable reimbursement scenario, higher cost of the bone grafts, and certain ethical issues related to bone grafting procedures are expected to restrain the growth of the market.

The bone graft substitutes segment generated the highest revenue in the global market, accounting for more than half of the total spine biologics market. In addition, the cell-based matrices segment is projected to grow rapidly, registering a CAGR of 5.9% during the forecast period.

North America is expected to maintain its dominance throughout the forecast period. However, Asia-Pacific region is projected to grow rapidly during the forecast period, registering a CAGR of 5.3%. Improving healthcare infrastructure and increase in expenditures in the emerging markets, such as India and China, to cater to the unmet medical needs in these countries have bolstered the market growth.

The key players in the spine biologics market are focused on expanding their business operations in the fast-growing economies with new product launches as the preferred strategy. The major companies profiled in the report include

- Alphatec Holdings, Inc.,
- Depuy Synthes (Johnson & Johnson),
- Exactech, Inc.,
- Globus Medical, Inc.,
- Medtronic plc,
- NuVasive, Inc.,
- Orthofix International N.V.,
- RTI Surgical, Inc.,
- SeaSpine, and
- Zimmer Biomet Holdings, Inc.

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LIST OF TABLES

TABLE 1. GLOBAL SPINE BIOLOGICS MARKET, BY TYPE ($MILLION), 2014 - 2022
TABLE 2. GLOBAL SPINE BIOLOGICS MARKET, BY REGION ($MILLION), 2014-2022
TABLE 3. GLOBAL SPINE BIOLOGICS IMPLANTATIONS, BY TYPE (THOUSAND UNITS), 2014-2022
TABLE 4. GLOBAL SPINAL ALLOGRAFT MARKET, BY TYPE ($MILLION), 2014 - 2022
TABLE 5. GLOBAL BONE GRAFT SUBSTITUTES MARKET, BY TYPE ($MILLION), 2014 - 2022
TABLE 6. GLOBAL SPINE BIOLOGICS MARKET, BY SURGERY TYPE ($MILLION), 2014-2022
TABLE 7. GLOBAL OPEN SPINE SURGERY MARKET, BY REGION ($MILLION), 2014-2022
TABLE 8. GLOBAL MINIMALLY INVASIVE SPINE SURGERY MARKET, BY REGION ($MILLION), 2014-2022
TABLE 9. GLOBAL SPINE BIOLOGICS MARKET, BY REGION ($MILLION), 2014-2022
TABLE 10. NORTH AMERICA SPINE BIOLOGICS MARKET, BY COUNTRY ($MILLION), 2014-2022
TABLE 11. EUROPE SPINE BIOLOGICS MARKET, BY COUNTRY ($MILLION), 2014-2022
TABLE 12. ASIA-PACIFIC SPINE BIOLOGICS MARKET, BY COUNTRY ($MILLION), 2014-2022
TABLE 13. LAMEA SPINE BIOLOGICS MARKET, BY COUNTRY ($MILLION), 2014-2022
TABLE 14. ALPHATEC: COMPANY SNAPSHOT
TABLE 15. ALPHATEC: PRODUCT CATEGORIES
TABLE 16. EXACTECH: COMPANY SNAPSHOT
TABLE 17. EXACTECH: BUSINESS SEGMENTS
TABLE 18. J&J: COMPANY SNAPSHOT
TABLE 19. J&J: BUSINESS SEGMENTS
TABLE 20. GLOBUS MEDICAL: COMPANY SNAPSHOT
TABLE 21. GLOBUS MEDICAL: PRODUCT CATEGORIES
TABLE 22. MEDTRONIC: COMPANY SNAPSHOT
TABLE 23. MEDTRONIC: BUSINESS SEGMENTS
TABLE 24. NUVASIVE: COMPANY SNAPSHOT
TABLE 25. NUVASIVE: BUSINESS SEGMENTS
TABLE 26. ORTHOFIX: COMPANY SNAPSHOT
TABLE 27. ORTHOFIX: BUSINESS SEGMENTS
TABLE 28. RTI: COMPANY SNAPSHOT
TABLE 29. RTI: BUSINESS SEGMENTS
TABLE 30. SEASPINE: COMPANY SNAPSHOT
TABLE 31. SEASPINE: BUSINESS SEGMENTS
TABLE 32. ZIMMER BIOMET: COMPANY SNAPSHOT
TABLE 33. ZIMMER BIOMET: BUSINESS SEGMENTS

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About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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