Global Spine Biologics Market Growth Overview Along with Company Profiles Alphatec Holdings, Inc., Depuy Synthes, Exactech, Inc., Globus Medical, Inc., Medtronic plc, Orthofix International N.V. & Many Others
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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 by stimulating bone growth formation through inflammatory stage, repair stage, and remodeling stage. Therefore, surge in the number of spinal fusion surgeries have fueled the adoption of biologics.
The market is driven by factors such as increase in geriatric population and advantages of biologics such as minimal postoperative time, faster recovery, and ability to activate cellular growth. However, unfavorable reimbursement scenario, higher cost of bone grafts, and ethical issues related to bone grafting procedures hamper the market growth.
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.
Key Findings of the Spine Biologics Market:
• The demineralized bone matrix segment is expected to grow at a CAGR of 3.4%, owing to its ability to stimulate bone formation.
• Synthetic bone grafts segment accounted for more than half of the global bone graft substitutes market in 2015.
• North America contributed two-thirds share of the global spine biologics market in 2015.
• France and Germany jointly accounted for more than one-third share of the European spine biologics market in 2015.
• Japan is the major shareholder in the Asia-Pacific spine biologics market, accounting for more than one-third share in 2015.
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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Table Of Content
Chapter: 1 INTRODUCTION
1.1. Key Benefits
1.2. Key Market Segments
1.3. Key Players
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
Chapter: 2 EXECUTIVE SUMMARY
2.1. Key Findings Of The Study
2.2. CXO Perspective
Chapter: 3 MARKET OVERVIEW
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top winning strategies
184.108.40.206. Competitive intelligence and strategies of companies
3.2.2. Top investment pockets
3.3. Market Share Analysis, 2015
3.4. Market Dynamics
220.127.116.11. Growing elderly population
18.104.22.168. Increasing prevalence of spinal disorders
22.214.171.124. Advantages of biologic materials
126.96.36.199. Shift towards minimal invasive spine procedures
188.8.131.52. Higher cost
184.108.40.206. Ethical issues related to grafting
220.127.116.11. Emerging markets to drive the demand for spine biologics
3.4.4. Impact analysis
3.5. Porter's Five Force's Analysis
3.5.1. Bargaining power of buyers
3.5.2. Bargaining power of suppliers
3.5.3. Threat of substitutes
3.5.4. Threat of new entrants
3.5.5. Competitive rivalry
3.6. Government Regulations
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