Spinal Fusion Devices Market Likely to Rapid product launch and Growth by 2025 | Zimmer Biomet Holdings, Stryker Corporation, Exactech

In the near future, rapid product launches by major players operating in the global spinal fusion devices market are expected to boost the market growth. At the International Meeting on Advanced Spine Techniques (IMAST) in Washington, D.C. in 2016, Medtronic Plc. introduced the Pivox Oblique Lateral Spinal System with Lateral Plate for Oblique Lateral Interbody Fusion 25 (OLIF25) and the Divergence-L Anterior/Oblique Lumbar Fusion System for OLIF51. Pivox's Oblique Lateral Spinal System with Lateral Plate is a cutting-edge interbody cage and plate designed specifically for the OLIF25 procedure. When treating the L2-L5 levels, the OLIF25 Procedure helps surgeons preserve the patient's psoas muscle, and the OLIF51 Procedure provides adjacent access to the L5-S1 disc space without requiring surgeons to reposition the patient. Zimmer Biomet Holdings, Inc. introduced the Avenue T TLIF Cage in the U.S. in 2017. The Avenue T TLIF Cage system is for lumbar intervertebral body fusion from L2 to S1 in skeletally mature patients who have completed six months of non-operative treatment. Zimmer Biomet Holdings, Inc. introduced the Vitality+ and Vital Spinal Fixation Systems in the U.S. in 2014. The Vitality Spinal Fixation System involves the Vital Spinal Fixation System as a subsystem.

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Globus Medical, Inc. introduced RISE-L, a lateral lumbar interbody fusion (LLIF) device, to its expandable spacer portfolio in 2015. RISE-L is a vertically expanding LLIF device that is designed to reduce impaction, increase indirect decompression, as well as provide a large graft space that is ideal for fusion. The Tritanium C Anterior Cervical Cage, a 3D-printed interbody fusion cage for use in the cervical spine, was introduced by Stryker's Spine division in 2017. Stryker's Tritanium C Anterior Cervical Cage is the latest member to the company's growing line of Tritanium Technology-based spinal implants.

Rising prevalence of spinal disorders such as degenerative disc disease, spinal fractures, and trauma, as well as herniated discs, is expected to boost demand for spinal fusion devices, driving the global spinal fusion devices market growth over the forecast period. According to a study published by the World Health Organization (WHO) in 2013, somewhere around 250,000 and 500,000 people globally suffer from a spinal cord injury (SCI) each year, with the majority of injuries occurring as a result of road traffic accidents, falls, or violence.

The research study has taken the help of graphical presentation techniques such as infographics, charts, tables, and pictures. It provides guidelines for both established players and new entrants in the Global Spinal Fusion Devices Market.

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The detailed elaboration of the Global Spinal Fusion Devices Market has been provided by applying industry analysis techniques such as SWOT and Porter’s five-technique. Collectively, this research report offers a reliable evaluation of the global market to present the overall framework of businesses.

• The global spinal fusion devices market is expected to grow at a CAGR of 4.6% over the forecast period (2015-2025) due to rapid product releases by major players in the spinal fusion devices market. For instance, in 2017, VGI Medical, LLC introduced the VerteLP Lateral Interbody Fusion System, which offers benefits such as axial rotation limitation with the support of a bilateral plate fixation system to increase segment stability and avoid pedicle screws.

• The lack of alternative therapies and treatment approaches is expected to be a major factor driving the global spinal fusion device market forward. Surgical procedures help restore spinal cord stability and integrity, as well as achieve vertebral decompression, as well as provide a long-term solution to spinal problems.

• Due to rising incidences of spinal disorders such as degenerative disc disease, spinal fractures and trauma, and herniated discs, North America held the dominant position market in 2015 and is expected to continue to do so during the forecast period (2015–2025).

• Key market players are concentrating on increasing their market presence by introducing new devices and obtaining marketing approvals for their new products in major geographies.

• The global spinal fusion devices market is dominated by the following major players Stryker Corporation, Inc., Orthofix International N.V., Medtronic Plc., B. Braun Melsungen AG, K2M Group Holdings, Inc., Spineart Geneva SA., Wenzel Spine, Inc., Zimmer Biomet Holdings Inc., Exactech, Inc., Globus Medical, Inc., NuVasive, Inc., Depuy Synthes, and Centinel Spine, Inc.

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Spinal Fusion Devices Market research provides answers to the following key questions:

• What is the expected growth rate of the Spinal Fusion Devices Market?

• What will be the Spinal Fusion Devices Market size for the forecast period, 2021–2028?

• What are the main driving forces responsible for changing the Spinal Fusion Devices Market trajectory?

• Who are the big suppliers that dominate the Spinal Fusion Devices Market across different regions? Which are their wins to stay ahead in the competition?

• What are the Spinal Fusion Devices Market trends business owners can rely upon in the coming years?

• What are the threats and challenges expected to restrict the progress of the Spinal Fusion Devices Market across different countries?

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