Spinal Fusion Market Size, Share, Growth Insight, Competitive Analysis 2022

Precision Business Insights published a research report on "Spinal Fusion Market by Type (Cervical Fixation Device, Interbody Fusion Device, Thoracolumbar Devices) By Surgery (Minimally Invasive Spine Surgery, Open Spine Surgery), by End-User (Orthopaedic Clinics, Multispecialty Hospitals, Neurology Clinics, Others) and Geography - Global/Region/Country Forecast to 2028"

The medical equipment used to treat spinal abnormalities and illnesses is referred to as spinal implants and surgery devices. These implants are usually available in two types: fusion and non-fusion implants, and are made of biocompatible materials such as titanium, titanium-alloy, and stainless steel. Rods, plates, screws, and interbody cages are examples of fusion implants. Artificial discs, expandable rods, and growth sparing devices are examples of non-fusion implants. Thoracic, lumbar, and cervical fusion, as well as spinal decompression devices, are employed for a variety of therapy techniques. These implants are used to help two vertebrae move more freely, increase spine stability, and repair abnormalities.

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Increasing road accidents, as well as advancements in surgical procedures and an increase in healthcare expenditure, increased awareness of treatment in both developed and developing countries, and preference for preventive healthcare over reactive healthcare, as well as external partnerships in research and increased knowledge of minimally invasive procedures among surgeons and patients, are among the major factors driving market growth. Furthermore, in the forecasted period of 2021-2028, rising technological advancements and modernization in healthcare devices, increasing research and development activities in the market, and rising demand for treatment in emerging markets will all create new opportunities for the spinal fusion market. However, among other things, high start-up costs and an increase in the price of spinal fusion surgeries would block market expansion and will pose a significant obstacle to the growth of the spinal fusion market during the projection period.

On the basis of product type, the global spinal fusion market is fragmented into pedicle screws & rod, interbody cages, and spinal fusion plates. On the basis of procedure type, the spinal fusion market is segregated into posterolateral fusion and interbody fusion. On the basis of end-user, the spinal fusion market is classified into specialty clinics, hospitals, and ambulatory surgical centers. The spinal fusion market is also divided on the basis of type which is further segmented into posterior lumbar interbody fusion, traditional spinal fusion procedure, anterior lumbar interbody fusion and others.

The market for spinal fusion devices in Asia Pacific is predicted to increase rapidly over the forecast period. The increase can be ascribed to a rise in medical tourism as well as government measures. Furthermore, the region's growing target population raises the risk of spinal ailments and joint difficulties. Over the forecast period, the market for spinal fusion devices in India is expected to rise at a healthy rate. Increased medical tourism to India for spinal fusion operations is to blame for the upsurge.

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There are several industry players working in the Spinal Fusion Market, which include Braun Melsungen AG (Germany) Alphatec Holdings, Inc.(U.S.) Globus Medical, Inc. (U.S.) Exactech, Inc. (U.S.) Medtronic plc. (U.S.) Stryker Corporation(U.S.) Zimmer Biomet Holdings, Inc. (U.S.) Depuy Synthes (U.S.)

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