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Spine Devices Market Size, Share, Demand, Financial Overview, Key Developments, SWOT Analysis and Forecast to 2023

02-19-2019 07:31 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

/ PR Agency: Fact.MR
Spine Devices

Spine Devices

According to a new Fact.MR report, the spine devices market is projected to reach US$ 8,348.2 million revenue by the end of 2022. The spine devices market is expected to witness robust growth during the forecast period 2017 to 2022. Implantable Polyetheretherketone (PEEK) is also gaining traction and has become one of the most common biomaterials used in spinal devices. Improving quality of care and ongoing research are also driving the spine devices market.

Spine devices are being used to decompress, stabilize the spine and treat various spine disorders. Key players in the spine devices market are focusing on producing innovative devices geared towards minimally invasive approach resulting in quick recovery and low pain. Nanotechnology is expected to be a game-changer in the treatment of spinal diseases. Spinal fusion and fixation devices are also in focus for simplification of complex spinal surgery procedures.

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Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global spine devices market through 2022, which include Exactech, Inc., NuVasive, Inc., DePuy Synthes, Amedica Corporation, Braun Melsungen AG, Arthrocare, Medtronic Plc., K2M Group Holding, Inc., Stryker Corporation, and Zimmer Biomet Holdings, Inc.

A considerable increase in aging population, incidences of spinal cord diseases and rising number of spinal surgery across the world is driving the growth of spine devices market. These spine devices are being developed with an aim to perform complex surgeries with a less invasive approach, resulting in a speedy recovery, less blood loss, and less pain. Leading players in spine devices market are also coming up with new devices that can offer better diagnostics and treatment of various spine conditions. Spine devices are also being developed to simplify complex procedures including endoscopic spine surgery, vertebral compression fracture repair, interspinous fixation, interbody fixation, etc. Companies in the spine devices market are also increasingly investing in research and development of advanced technologies including wireless sensor technology.

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Spinal Plates to Emerge as Highly-Preferred Spine Device

Spinal plates are being used on a large scale by surgeons to ensure fixation of the spine. Spine plates are anticipated to remain the top-selling product in spine devices market during 2017-2022. Sales of spine plates is projected to bring in nearly US$ 2,000 million revenue by the end of 2022. Meanwhile, Spinal screws is expected to emerge as the second largest product in the spinal devices market. Between 2017 and 2022, spinal screws segment is anticipated to create an incremental opportunity of over US$ 300 million.

Hospitals to Witness Maximum Revenue Share

Hospitals are expected to form as strong customer base in the spine devices market as compared to orthopedic clinics. Towards the end of 2017, hospitals are anticipated to account for over two-third revenue share of spine devices market. Hospitals as end users are projected to reach close to US$ 5,700 million by the end of 2022. Increasing number of spinal surgeries performed at hospitals is one of the factors driving expansion of spine devices market.

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Table of Contents Covered in this report are:

1. Global Spine Devices Market - Executive Summary

2. Global Spine Devices Market Overview
2.1. Introduction
2.1.1. Global Spine Devices Market Taxonomy
2.1.2. Global Spine Devices Market Definition
2.2. Global Spine Devices Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Spine Devices Market Y-o-Y Growth
2.3. Global Spine Devices Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Supply Chain
2.5. Cost Structure
2.6. Pricing Analysis
2.7. Raw Material Sourcing Strategy and Analysis
2.8. Procedure Numbers By Region
2.9. Key Participants Market Presence (Intensity Map) By Region

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3. Global Spine Devices Market Analysis and Forecast By Product
3.1. Global Spine Devices Market Size and Forecast By Product, 2012-2022
3.1.1. Spinal Rods Spine Devices Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Spinal Screws Spine Devices Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region
3.1.3. Spinal Hooks Spine Devices Market Size and Forecast, 2012-2022
3.1.3.1. Revenue (US$ Mn) Comparison, By Region
3.1.3.2. Market Share Comparison, By Region
3.1.3.3. Y-o-Y growth Comparison, By Region
3.1.4. Spinal Plates Spine Devices Market Size and Forecast, 2012-2022
3.1.4.1. Revenue (US$ Mn) Comparison, By Region
3.1.4.2. Market Share Comparison, By Region
3.1.4.3. Y-o-Y growth Comparison, By Region
3.1.5. Spinal Cages Spine Devices Market Size and Forecast, 2012-2022
3.1.5.1. Revenue (US$ Mn) Comparison, By Region
3.1.5.2. Market Share Comparison, By Region
3.1.5.3. Y-o-Y growth Comparison, By Region
3.1.6. Spinal Spacers Spine Devices Market Size and Forecast, 2012-2022
3.1.6.1. Revenue (US$ Mn) Comparison, By Region
3.1.6.2. Market Share Comparison, By Region
3.1.6.3. Y-o-Y growth Comparison, By Region
3.1.7. Motion Preservation Devices Spine Devices Market Size and Forecast, 2012-2022
3.1.7.1. Revenue (US$ Mn) Comparison, By Region
3.1.7.2. Market Share Comparison, By Region
3.1.7.3. Y-o-Y growth Comparison, By Region
3.1.8. Total Disc Replacement Spine Devices Market Size and Forecast, 2012-2022
3.1.8.1. Revenue (US$ Mn) Comparison, By Region
3.1.8.2. Market Share Comparison, By Region
3.1.8.3. Y-o-Y growth Comparison, By Region

4. Global Spine Devices Market Analysis and Forecast By End User
4.1. Global Spine Devices Market Size and Forecast By End User, 2012-2022
4.1.1. Hospitals Spine Devices Market Size and Forecast, 2012-2022
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Orthopaedic Clinics Spine Devices Market Size and Forecast, 2012-2022
4.1.2.1. Revenue (US$ Mn) Comparison, By Region
4.1.2.2. Market Share Comparison, By Region
4.1.2.3. Y-o-Y growth Comparison, By Region
4.1.3. ASCs Spine Devices Market Size and Forecast, 2012-2022
4.1.3.1. Revenue (US$ Mn) Comparison, By Region
4.1.3.2. Market Share Comparison, By Region
4.1.3.3. Y-o-Y growth Comparison, By Region

5. Global Spine Devices Market Analysis and Forecast By Region
5.1. Global Spine Devices Market Size and Forecast, 2012-2022
5.1.1. North America Spine Devices Market Size and Forecast, 2012-2022
5.1.1.1. Revenue (US$ Mn) Comparison, By Product
5.1.1.2. Revenue (US$ Mn) Comparison, By End User
5.1.2. Latin America Spine Devices Market Size and Forecast, 2012-2022
5.1.2.1. Revenue (US$ Mn) Comparison, By Product
5.1.2.2. Revenue (US$ Mn) Comparison, By End User
5.1.3. Europe Spine Devices Market Size and Forecast, 2012-2022
5.1.3.1. Revenue (US$ Mn) Comparison, By Product
5.1.3.2. Revenue (US$ Mn) Comparison, By End User
5.1.4. Japan Spine Devices Market Size and Forecast, 2012-2022
5.1.4.1. Revenue (US$ Mn) Comparison, By Product
5.1.4.2. Revenue (US$ Mn) Comparison, By End User
5.1.5. APEJ Spine Devices Market Size and Forecast, 2012-2022
5.1.5.1. Revenue (US$ Mn) Comparison, By Product
5.1.5.2. Revenue (US$ Mn) Comparison, By End User
5.1.6. MEA Spine Devices Market Size and Forecast, 2012-2022
5.1.6.1. Revenue (US$ Mn) Comparison, By Product
5.1.6.2. Revenue (US$ Mn) Comparison, By End User

6. North America Spine Devices Market Analysis and Forecast, By Country, 2012-2022
6.1. US Spine Devices Market Size and Forecast, 2012-2022
6.1.1. Revenue (US$ Mn) Comparison, By Product
6.1.2. Revenue (US$ Mn) Comparison, By End User
6.2. Canada Spine Devices Market Size and Forecast, 2012-2022
6.2.1. Revenue (US$ Mn) Comparison, By Product
6.2.2. Revenue (US$ Mn) Comparison, By End User

7. Latin America Spine Devices Market Analysis and Forecast, By Country, 2012-2022
7.1. Brazil Spine Devices Market Size and Forecast, 2012-2022
7.1.1. Revenue (US$ Mn) Comparison, By Product
7.1.2. Revenue (US$ Mn) Comparison, By End User
7.2. Mexico Spine Devices Market Size and Forecast, 2012-2022
7.2.1. Revenue (US$ Mn) Comparison, By Product
7.2.2. Revenue (US$ Mn) Comparison, By End User
7.3. Argentina Spine Devices Market Size and Forecast, 2012-2022
7.3.1. Revenue (US$ Mn) Comparison, By Product
7.3.2. Revenue (US$ Mn) Comparison, By End User

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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