Spinal Devices Market is anticipated to record a significant CAGR over the forecast period : Top Keyplayers are Medtronic, Exactech, Biomet, Ottoback, Wright Medical Group, Tornier, Smith & Nephew, Globus Medical, Inc., Orthofix International

Spinal Devices Market Overview

The spinal devices market is segmented on the basis of product which includes Thoracic Fusion and Lumbar Fusion Devices, Anterior Thoracic and Lumbar Fusion Devices, Posterior Thoracic and Lumbar Fusion Devices, Interbody Thoracic and Lumbar Fusion Devices, Anterior Lumbar Interbody Fusion Devices, Posterior Lumbar Interbody Fusion Devices, Transforaminal Lumbar Interbody Fusion Devices, Axial Lumbar Interbody Fusion Devices, Non-bone Interbody Fusion Devices, Bone Interbody Fusion Devices, Cervical Fusion Devices, Anterior Cervical Fusion Devices, Posterior Cervical Fusion Devices, Spine Biologics, Vertebral Compression Fracture Treatment Devices, Non-fusion Devices, Spine Bone Stimulators, Spinal Decompression Devices. Increasing surgical innovations in the field of minimally invasive implant procedures during orthopedic surgeries, technical innovation in implantable devices leading to novel product commercialization directly contributes to an increase in the rate of usage during orthopedic surgical procedures and positively impacts industry growth.

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Market Size & Forecast

Spinal Devices Market is anticipated to record a significant CAGR over the forecast period. Rising demand for nominally invasive spine surgery procedure, technological progression in spine operation devices, rising aging and elderly population with growing number of spine irregularities are the key influences firing the growth of the spinal implants market.

Growing incidences of deteriorating disc diseases and rising elderly population more prone to orthopedic disorders are estimated to rise product demand for artificial discs and spinal plates over the forecast period.

On the basis of regional platform, global spinal devices market market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

North America dictated the global spinal device market due to presence of strict regulatory approval process and ample reimbursement policies. The technological advancements, contribution of nanotechnology to the pharmaceutical packaging market and improvement in manufacturing processes are components which increase the competitive rivalry in the region and ensure high quality standards attracting significant revenue. Europe is the second largest market due to the rise in elderly population and the swelling demand for spinal devices for the treatment of spinal disorders.

Asia Pacific spinal implants market is estimated to provide profitable opportunities for industry expansion due to ongoing development of manufacturing facilities of leading players, growing awareness among patients for novel technologies in the region and existence of high unmet demand.

Market Segmentation

Our-in depth analysis of the Global Spinal Devices market includes the following segments:

By Technology

Spinal Fusion and Fixation Technologies
Vertebral Compression Fracture Treatment
Motion Preservation/Non-fusion Technologies
Spinal Decompression
By Product

Thoracic Fusion and Lumbar Fusion Devices
Anterior Thoracic and Lumbar Fusion Devices
Posterior Thoracic and Lumbar Fusion Devices
Interbody Thoracic and Lumbar Fusion Devices
Anterior Lumbar Interbody Fusion Devices
Posterior Lumbar Interbody Fusion Devices
Transforaminal Lumbar Interbody Fusion Devices
Axial Lumbar Interbody Fusion Devices
Non-bone Interbody Fusion Devices
Bone Interbody Fusion Devices
Cervical Fusion Devices
Anterior Cervical Fusion Devices
Posterior Cervical Fusion Devices
Spine Biologics
Vertebral Compression Fracture Treatment Devices
Non-fusion Devices
Spine Bone Stimulators
Spinal Decompression Devices
By Surgery Type

Open Surgery
Minimally Invasive Surgery
By Region

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Global Spinal Devices Market is further classified on the basis of region as follows:

North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
Growth Drivers & Challenges

An increasing demand for movement preservation surgeries is expected to create a positive effect on demand. It is observed that there is an increasing number of casualty Ambulatory Surgical Centers (ASCs) providing minimally invasive implant procedures combined with faster recovery times are further expected to enhance growth prospects. Factors such as increasing incidence of spinal disorders caused by lifestyle based factors; development of technologically advanced, safer, and cost-effective spinal devices; global rise in the geriatric and obese population; and rising demand for minimally invasive spine surgery are firing the growth of the spinal devices.

However, factors such as high routine costs, stringent regulatory guidelines for the approval of new medical devices, and absence of reimbursements in developing countries are obstructing the growth of the global spinal implants market.

Key Players

Zimmer
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Medtronic
Exactech
Biomet
Ottoback
Wright Medical Group
Tornier
Smith & Nephew
Globus Medical, Inc.
Orthofix International
Scope & Context

Overview of the Parent Market

Analyst View

Segmentation

The Global Spine Device Market is segmented as follows:

By Technology Market Size & Y-O-Y Growth Analysis
By Product Market Size & Y-O-Y Growth Analysis
By Surgery Type Market Size & Y-O-Y Growth Analysis
By Region Market Size & Y-O-Y Growth Analysis
Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

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