Spinal Surgery Devices Market Development Industry Trends Key Driven Factors Segmentation Forecast To 2021-2027
During surgery, physicians employ spinal implants to address deformities, stabilize and reinforce the spine, and enable fusion. Degenerative disc disease, scoliosis, kyphosis, spondylolisthesis, and fracture are among conditions that can be addressed by spinal implants. Different materials, also including titanium, titanium-alloy, stainless, and polymers, can be used to make spinal implants. Titanium implants are preferred by surgeons and healthcare experts all over the world due to their exceptional qualities. Titanium is a robust, lightweight, and long-lasting material that can be imaged via MRI (magnetic resonance imaging). Surgery Devices come in a variety of sizes and forms, and some can be moulded throughout surgery to fit the anatomy of the individual. Several implants, also including cervical plates, have a low profile, which means they aren't bulky and sit flush against anatomy of the spine. A substance that stimulates fusion can be applied to pedicle screws.
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The number of spinal surgeries and abnormalities has increased over the years, which is a major driving force for the global spinal implants and surgical devices market. Technology in the field of spine surgery is constantly changing. The introduction of sophisticated bone grafting products is also likely to boost consumer needs. With increased public awareness, the acceptance of minimally invasive surgical operations is on the rise, which will have a beneficial impact on the market. Certain constraints and problems, on the other hand, are likely to stifle market expansion. During the projection period, the increased cost of spinal surgery, as well as unexpected results and the concern of surgery failure, are projected to restrain market expansion.
The Global Spinal Surgery Devices Market is fragmented in terms of Product, Technology, Type and Geography. In terms of Technology, the market is categorized into Vertebral Compression Fracture Treatment, Spinal Fusion & Fixation, Motion Preservation/Non B Fusion and Spinal Decompression. In recent years, the Spinal Fusion and Fixation technology category has had the biggest market share, and this trend is projected to continue during the forecast timeframe. In terms of Product, the market is divided into Cervical Fusion Devices, Thoracic Fusion & Lumbar Fusion Devices, Vertebral Compression Fracture Treatment Devices, Spine Biologics, Spinal Decompression Devices, Spine Bone Stimulators and Non-Fusion Devices. In terms of Type, the market is segregated into Minimally Invasive Surgeries and Open Surgeries.
North America now leads the spinal surgery device industry, and this dominance is projected to last for an another few years. Due to the growing number of Americans ailing from lower back disorders each year, the United States has the highest proportion of the market. The government has taken various efforts as a result of the ageing population and increased medical issues, presenting several prospects for this industry.
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Some of the major players working in spinal surgery devices market, which include DePuy Synthes spine (Johnson & Johnson Services, Inc) (U.S.), K2M, Inc. (U.S.), Globus Medical, Inc. (U.S.), Zimmer Biomet Holdings Inc. (U.S NuVasive, Inc. (U.S.)), Medtronic Plc (U.S.), Stryker Corporation (U.S.), CTL Medical Corporation (U.S.), Invibio Biomaterial Solutions (U.K.)
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