Press release
DBMR Provides Spinal Implants Market Projections in its Revised Report, COVID-19 Pandemic Shaping Global Demand || Medtronic, Zimmer Biomet, Alphatec Spine, K2M, DePuy Synthes, Globus Medical, Aesculap, Apollo Hospitals
Spinal Implants Market
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Global spinal implants market is registering a substantial CAGR of 6.58% in the forecast period of 2019-2026. This rise in the market can be attributed to the technological upgradations in spine surgery and surging aging and obese population globally which is increasing the figure of spine deformities.
Key Market Competitors Covered in the report
Medtronic
Zimmer Biomet
Alphatec Spine Inc.
K2M Inc.
RTI Surgical Holdings Inc.
Stryker
Orthofix Holdings Inc.
NuVasive Inc.
DePuy Synthes
Globus Medical Inc.
Aesculap Inc.
Apollo Hospitals Enterprise Ltd.
Centinel Spine LLC
Spineart
Reliance Medical Systems
Paradigm Spine
Premia Spine
Exactech Inc.
Aesculap Implant Systems LLC
Lumitex Inc.
SpineFrontier Inc.
Life Spine Inc.
Integra LifeSciences Corporation
Browse Detailed TOC, Tables, Figures, Charts and Companies @ https://www.databridgemarketresearch.com/toc?dbmr=global-spinal-implants-and-spinal-devices-market
Market Definition: Global Spinal Implants Market
There is a prevalence of spinal disorders globally which is driving the need for implants. These are instruments which are used at the time of spinal surgery to facilitate fusion, stabilize, correct deformities and strengthen the spine. The spinal implants are made of metals such as stainless steel or titanium and are available in different sizes according to the requirement for treatment. It is also categorized into hooks, cages, pedicles screw, plates and rods. There is a lot of research done to refine implants to improve patient outcomes.
Spinal Implants Market Development :
Xtant Medical Holdings, Inc. announced the launch of their three new spinal implants in October 2019 which includes one plasma coated PEEK implant and two cervical interbody spacers. The main aim of the launch is to provide patients with better care and treatment which will help them to enhance their global reach and strengthen their market position.
Scope of the Spinal Implants Market :
Spinal implants market on the basis of countries is segmented into U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa.
All country based analysis of the spinal implants market is further analyzed based on maximum granularity into further segmentation. On the basis of configuration, the market is segmented into spinal fusion devices, non-fusion devices/motion preservation devices, vertebral compression fracture (VCF) treatment devices, spinal bone stimulators and spine biologics. Based on procedure, the market is segmented into open surgery, minimally invasive surgery and others. The material segment is divided into titanium, titanium-alloy, stainless steel, plastic and others.
Spinal implants are devices which are specially designed so that they can be used by the surgeons to stabilize and strengthen the spine during surgery. They are usually made of material such as titanium, titanium alloy, stainless steel, plastics and other. Some of the common diseases which use spinal implants are fracture, kyphosis, spondylolisthesis, degenerative disc diseases and other. As per the requirement, these spinal implants are available in different shapes and sizes.
Key Developments in the Spinal Implants Market:
In June 2019, NuVasive Inc. has announced the launch of new product Modulus TLIF-O. It is a titanium spine implant made for transforaminal lumbar interbody fusion procedure. With this launch, the company will expand the product portfolio as well as increase its market share.
In May 2019, Medtronic announced its acquisition of Titan Spine. The acquisition will expand the product portfolio of Medtronic and it will also strengthen its market share. This deal will establish Medtronic as a key innovator in spinal surgical procedural solutions and it will increase the goodwill in the market.
Spinal Implants Market : Drivers
The growing geriatric and obese population is driving the growth of the market
The surging prevalence of spinal disorders is fueling the growth of the market
The spinal surgery has undergone some innovations which has led to market growth
The minimally invasive surgery has gained interest among the surgeon which is contributing to the growth of the market
The bone grafting products is going under technological innovations and developments which is contributing to the growth of the market
Spinal Implants Market : Restraints
Due to stringent compliances and regulatory approval procedure is restraining the growth of the market
The unfavorable reimbursement scenario is hampering the growth of the market
The treatment procedural cost are increased which act as a hindrance in the market growth
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