Press release
Spinal Fusion Market 2020 Precise Outlook - Medtronic, Stryker Corporation, Zimmer Biomet, Orthofix Interntional, NuVasive, Inc., Globus Medical, K2M Group Holdings Inc.
The Spinal Fusion Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.Global market is projected to display a modest growth represented by a CAGR of 4.54% during 2018 -2023.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Spinal Fusion Market: Medtronic, Stryker Corporation, Zimmer Biomet, Orthofix Interntional, NuVasive, Inc., Globus Medical, K2M Group Holdings Inc., Alphatec Spine, DePuy Synthes, Aesculap Implant Systems, LLC.
DUBLIN - May 9, 2019 - Medtronic plc (NYSE:MDT), a global leader in medical technology, today announced that it has entered into a definitive agreement pursuant to which it will acquire Titan Spine, a privately-held titanium spine interbody implant and surface technology company. The boards of directors of both companies have unanimously approved the transaction. Terms of the transaction are not being disclosed.
Interbody implants are spacers that can be inserted between the vertebrae during spinal fusion surgery to help relieve pressure on nerves and hold the vertebrae in place while fusion occurs. Implant material and shape is thought to play a role in the bone growth process during fusions, and today there is a growing demand from surgeons for titanium interbody devices.
LEESBURG, Virginia, Oct. 31, 2019 -- Stryker announced today the U.S. Food and Drug Administration (FDA) 510(k) clearance of its SAHARA Lateral 3D Expandable Interbody System featuring Lamellar 3D Titanium Technology, which will be on display at the Society for Minimally Invasive Spine Surgery (SMISS) Annual Forum this week in Las Vegas, NV. SAHARA Lateral is the first ever 3D-printed lateral expandable fusion device and features passive expansion capabilities that are designed to allow surgeons to achieve up to 30 degrees of sagittal spinal correction in skeletally mature patients. Utilizing a passive expansion mechanism, the implant can either be adjusted from a lateral approach intraoperatively or can adjust passively in a staged posterior approach following osteotomy.
Key Market Trends
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis of Global Spinal Fusion Market: By Procedure - Traditional (ALIF, PLIF, Others), Minimally Invasive (MITLIF, XLIF, Others), By Region (North America, Europe, Asia-Pacific and Rest of the World) and By Country (U.S, Canada, Germany, U.K, China, Japan and Australia).
Over the recent years, global spinal fusion market has been witnessing growth, on account of several driving factors including rising healthcare awareness amongst consumers, surging prevalence of spinal deformities due to accidents along with increasing health expenditure in developing countries. Moreover, ongoing demographic shift towards geriatric population with significant population suffering from inveterate spinal ailments, is expected to propel the demand for spinal fusion surgeries. In this research report, the market is segmented on the basis of types of spinal fusion procedures between Traditional spinal fusion procedures and Minimally Invasive Spinal Fusion procedures and further divided into Anterior Lumbar Interbody Fusion (ALIF), Posterior Lumbar Interbody Fusion (PLIF), Other traditional techniques, Minimally Invasive Transforaminal Lumbar Interbody Fusion (TLIF), Extreme Lateral Interbody Fusion (XLIF) and Other Minimally Invasive Spinal Fusion Techniques. While traditional spinal fusion surgeries held the dominant position in the market, the segment of minimally invasive procedures is anticipated to witness the highest growth rate.
Amongst the regions, North America accounts for the largest regional share in the global spinal fusion market in 2018, due to a robust healthcare infrastructure combined with focus on development of new devices along with improved diagnosis among the patients within the region. However, a decrease in the market share of the North American region is being anticipated in the forecast period as compared to the historic period. On the other hand, Asia Pacific is predicted to advance at the highest rate. Presence of vast consumer base, particularly in emerging nations such as China and India, in addition to growing per capita expenditure on healthcare is likely to drive the regional market.
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Influence Of The Spinal Fusion Market Report:
-Comprehensive assessment of all opportunities and risk in the Spinal Fusion market.
- Spinal Fusion market recent innovations and major events.
-A detailed study of business strategies for growth of the Spinal Fusion market-leading players.
-Conclusive study about the growth plot of Spinal Fusion market for forthcoming years.
-In-depth understanding of Spinal Fusion market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Spinal Fusion market.
What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on regional scale.
Analytical Tools: The Spinal Fusion Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
The report has 150 tables and figures browse the report description and TOC:
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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides Global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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