Interbody Fusion Cage Market to Surge at a exceedingly Pace : Opportunity and Forecast 2017-2023

According to a new report published by Allied Market Research, titled, Interbody Fusion Cage Market by Product, Surgery Type and End User: Global Opportunity Analysis and Industry Forecast, 2017-2023," the global interbody fusion cage market was valued at $1,818 million in 2016, and is projected to reach $2,309 million by 2023, growing at a CAGR of 3.4% from 2017 to 2023. The lumbar segment accounted for about two-sevenths share of the global market in 2016.

Interbody fusion cage are medical devices utilized to provide stability to the spine and the cervical region. Interbody fusion cages are large hollow cylinders made of metals and alloys such as carbon fiber, titanium, and allograft femur. The cages can be filled with autologous bone material to promote arthrodesis (artificial induction of joint ossification).

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Among the product segment, the cervical segment accounted for about one-fourth share of the total market in 2016. This is due to the increase in cervical fusion surgeries, which helps preserve the motion of the spine without bone grafting. Also, the cervical disc replacement does not require a plate placement directly in the front of the spine.

Among the surgery type segment, the anterior segment accounted for one-third share of the total market owing to the ease in accessing the body from the front section. This results in the increase in anterior interbody fusion surgeries globally.

Key Findings of the Interbody Fusion Cage Market:

• The thoraco-lumbar segment accounted for about one-fourth share of the total market in 2016, and is expected to register a high CAGR of 3.5% from 2017 to 2023.

• The hospital segment accounted for two-fifths share of the total market and is expected to grow at a CAGR of 3.1% during the forecast period.

• U.S. dominated the North America interbody fusion cage market and is projected to retain its trend throughout the forecast period.

• India is the fastest growing country in the Asia-Pacific interbody fusion cage market, registering a CAGR of 7.1% during the forecast period.

• The ambulatory surgery center segment accounted for one-fourth of the market share in 2016, and is expected to grow at a high CAGR of 3.4%.

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Rise in geriatric population and increase in spinal cord injuries which might be caused due to accidents and diseases such as degenerative disk disease drive the growth of the market. However, the high cost associated with the spinal fusion surgeries and the dearth of skilled professionals impede the growth of the interbody fusion cage market. Moreover, the increased adoption of minimally invasive surgeries create ample opportunities in the market.

Top key players :

• Aurora Spine Inc.
• B. Braun Melsungen AG
• Benvenue Medical Inc.
• Ulrich Medicals USA
• Prodorth
• Orthofix International
• N.V.
• Medtronic plc
• Zimmer Biomet Inc.
• NuVasive Inc.
• Johnson & Johnson (DePuy Synthesis).
• Biomet USA
• Globus Medical USA
• Spineart France
• Precision Spine USA
• Medacta Switzerland
• K2M USA.

Analyst Review:

The utilization of interbody fusion cage is projected to witness an increase in the coming years, owing to the rapid rise in geriatric population and the increase in incidence of spinal injuries. This market is largely segregated, and several manufacturers focus on offering advanced products that provide enhanced support, durability, and biocompatibility. Technological innovation such as development of more biocompatible cages made of PEEK is adopted as a principal strategy to increase the bargaining power of the buyers.

Novel interbody fusion cages have emerged as promising medical devices that provide mechanical support to the spine and offer stabilization as well. Moreover, the launch of innovative interbody fusion cages and the rise in demand of minimally invasive surgeries further help supplement the market growth. However, the cost associated with spinal fusion devices and surgeries are higher thus impeding the growth of the interbody fusion cage market. However, increased adoption of minimally invasive surgeries further create lucrative opportunities in the market.

LIST OF TABLES

TABLE 01. GLOBAL INTERBODY FUSION CAGE MARKET, BY PRODUCT, 2016-2023 ($MILLION)
TABLE 02. LUMBAR INTERBODY FUSION CAGE MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 03. CERVICAL INTERBODY FUSION CAGE MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 04. THORACO-LUMBAR INTERBODY FUSION CAGE MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 05. THORACIC INTERBODY FUSION CAGE MARKET, BY REGION, 2016-2023 ($MILLION)
TABLE 06. GLOBAL INTERBODY FUSION CAGE MARKET, BY SURGERY TYPE, 2016-2023 ($MILLION)
TABLE 07. INTERBODY FUSION CAGE MARKET FOR ANTERIOR, BY REGION, 2016-2023 ($MILLION)
TABLE 08. INTERBODY FUSION CAGE MARKET FOR TRANSFORAMINAL, BY REGION, 2016-2023 ($MILLION)
TABLE 09. INTERBODY FUSION CAGE MARKET FOR POSTERIOR, BY REGION, 2016-2023 ($MILLION)
TABLE 10. INTERBODY FUSION CAGE MARKET FOR LATERAL, BY REGION, 2016-2023 ($MILLION)
TABLE 11. GLOBAL INTERBODY FUSION CAGE MARKET, BY END USER, 2016-2023 ($MILLION)
TABLE 12. INTERBODY FUSION CAGE MARKET FOR HOSPITALS, BY REGION, 2016-2023 ($MILLION)
TABLE 13. INTERBODY FUSION CAGE MARKET FOR CLINICS, BY REGION, 2016-2023 ($MILLION)
TABLE 14. INTERBODY FUSION CAGE MARKET FOR AMBULATORY SURGICAL CENTERS, BY REGION, 2016-2023 ($MILLION)
TABLE 15. INTERBODY FUSION CAGE MARKET FOR OTHERS, BY REGION, 2016-2023 ($MILLION)

Table of content :

Chapter: 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter: 2: EXECUTIVE SUMMARY

2.1. CXO perspective

Chapter: 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings

3.2.1. Top investment pockets
3.2.2. Top winning strategies

3.3. Porter’s five forces analysis
3.4. Market share analysis, 2016
3.5. Market dynamics

3.5.1. Drivers

3.5.1.1. Rise in geriatric population
3.5.1.2. Increase in spinal surgeries
3.5.1.3. Technological advancements in spinal fusion surgeries

3.5.2. Restraints

3.5.2.1. High cost associated with the spinal fusion surgeries
3.5.2.2. Lack of trained professionals

3.5.3. Opportunities

3.5.3.1. Increased adoption of minimally invasive techniques.

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