Spinal Thoracolumbar Implants Market Expected To Show Significant Growth Over The Forecast Period 2017-2027

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Rising incidences of spinal disorder such as degenerative disc disease or deformity are the primary factor driving the growth of spinal thoracolumbar implants market. Technological development and availability of cost effective spinal surgical devices are leads to the robust growth of spinal thoracolumbar implants market. Rise in geriatric population and increasing the demand for minimally invasive surgery are also responsible for the robust growth of spinal thoracolumbar implants market. Besides that, stringent regulatory guidelines for the approval of medical devices and lack of reimbursement scenario for spinal implant will restraints the growth of spinal thoracolumbar implants market. On other hands, a high procedural cost for spinal implant and high risk of failure of surgical procedure will also hamper the growth of spinal thoracolumbar implants market.

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Spinal Thoracolumbar Implants Market: Segmentation

The global spinal thoracolumbar implants market is classified on the basis of product type, surgery type, end user and geographic region.

Based on product type, Spinal Thoracolumbar Implants market is segmented into following:

Anterior Thoracolumbar

Posterior Thoracolumbar

Lumbar Interbody Solution

Lumbar Instrumentation

Based on surgery type, spinal thoracolumbar implants market is segmented into following:

Open Surgery

Minimally Invasive Surgery

Based on end user, spinal thoracolumbar implants market is segmented into following:

Hospitals

Ambulatory Surgical Centers

Specialized Orthopaedic Center

Spinal Thoracolumbar Implants Market: Overview

The spinal thoracolumbar implants market is expected to show significant growth over the forecast period owing to rising prevalence of spinal disorder and fracture. According to a survey, 20% of thoracolumbar fractures are seen in association with other skeletal injuries. According to WHO, every year 250,000 to 500,000 people suffer from spinal cord injuries. The spinal thoracolumbar implants market is segmented on the basis of product type, surgery type, and end user. Based on product type spinal thoracolumbar implants market is classified as anterior thoracolumbar, posterior thoracolumbar, lumbar interbody solution, and lumbar instrumentation. Based on surgery type spinal thoracolumbar implants market is classified as open surgery and minimally invasive surgery. On the basis of end user spinal thoracolumbar implants market is classified as hospital, ambulatory surgical center, specialized orthopedic centers. Among end user hospital segment is expected to gain maximum market share over the forecast period.

Spinal Thoracolumbar Implants Market: Regional Overview

Based on the geographic region spinal thoracolumbar implants market is classified into seven key regions, North, America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, Middle East and Africa. North America is expected to dominate the spinal thoracolumbar implants market over the forecast period due to high incidences of spinal injuries. After North America, this market is then followed by Western Europe and APEJ. Western Europe is expected to show robust growth for spinal thoracolumbar implants market due to high healthcare infrastructure. In APEJ region, China and India are major markets for spinal thoracolumbar implants anticipated to rising geriatric population in this region.

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Spinal Thoracolumbar Implants Market: Key Players

Examples of some of the market participants in spinal thoracolumbar implants market identified across the value chain include Medtronic PLC, DePuy Synthes, Stryker Corporation, Zimmer Biomet Holdings, Inc., Alphatec Holdings, Globus Medical Inc., RTI Surgical Inc., K2M Group Holdings Inc., Orthofix International N.V. are some of the other key players in this market.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:

Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
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