Spinal Surgery Devices Market May See a Big Move: Atec Spine, Arthrex, GS Medical
The "Global Spinal Surgery Devices Market" study report will provide valuable insight with an emphasis on the global market including some of the major players such as ChoiceSpine (United States), 4Med Medical (Israel), Atec Spine (United States), Aesculap Implant Systems (United States), Bioventus (United States), Arthrex (United States), Camber Spine (United States), GS Medical (United States), Conformis (United States), Conventus Orthopaedics (United States)
According to HTF Market Intelligence, the Spinal Surgery Devices Market is Anticipated to grow at a CAGR of 5.3% during the forecast period.
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Spinal Surgery Devices Market Overview
According to the American Association of Neurological Surgeons, more than 65 million Americans suffer from lower back pain, annually, while according to the Chicago Institute of Neurosurgery and Neuroresearch, at the age of fifty, 85% of the population is likely to show evidence of disc degeneration. The spinal surgical procedure has transformed significantly due to the introduction of the non-invasive method. Spinal Surgery Devices are used to Provide Stability to Spinal structure, which has lost stability due to a Fracture, Degenerative Disorders of the Spine, Trauma, Tumors, and Deformity. Spinal cord injuries occurs due to various reasons such as a Blocked blood supply, Infections, Injuries, and Compression by a Fractured bone or a Tumor. Rapid product launch and frequent approval of novel spinal fusion devices are expected to drive growth of the Global Spinal Fusion Market. Interestingly, According to a study published in SpineUniverse in 2017, disc herniation is the most common indication for spinal surgery, and around 75% of all spinal surgeries were performed for Herniated disc.
Spinal Surgery Devices Market Competitive Landscape & Company Profiles
The competitive landscape and company profile chapters of the market report include a list of the major players operating in the market. Based on their financial statements, important developments, strategic approach to the market, position in the market, geographic penetration, and other important factors, the major players in the industry are assessed. The chapter also examines the competitive landscape, winning imperatives, current focus and strategies, and threats posed by rival companies for the top three to five market players. Additionally, the market study's list of companies can be tailored to the specific needs of the client. The report's section on the business environment includes information on the rankings of the top five companies as well as significant events like partnerships, mergers and acquisitions, new product launches, and recent developments.
New Product Launch in the Medical Sector
Emergence of Image-Guided Robotic Interventions for Minimally Invasive Procedures
Clinical trials are in the process for further development in the Spinal Surgery Device Market
Increasing Demand for Spine Biologics
Owing to Demand for Minimally Invasive Surgeries
Growing Investment by the Government in Health Care Infrastructure
Rising Spine Problems among Obese Population Leading to Obesity
Significant Product launch
Increasing Adoption of Minimally Invasive Procedures in Spinal Surgery
Untapped Emerging Economies
Market Leaders & Development Strategies:
On 16th December 2022, eCential Robotics and Spineart have come together for a long-term partnership. They would be collaborating on developing spine surgery applications and marketing the eCential Robotics' open robotic surgery platform. The partnership would benefit both the research and development, marketing, and commercialization of smartphone-inspired user interfaces for innovative spine implants.
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Spinal Surgery Devices Market: Segmentation
The Spinal Surgery Devices Market is Segmented by Application (Hospitals, Specialty Clinics, Ambulatory Surgical Centers) by Type (Spinal Decompression, Spinal Fusion, Fracture Repair Devices, Arthroplasty Devices, Non-fusion Devices) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Spinal Surgery Devices Market - Geographical Outlook
- the United States
- the United Kingdom
- Rest of Europe
Asia Pacific (APAC)
- South Korea
- Rest of Asia Pacific
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA
- Rest of South America
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Based on market development and competitive position, this section analyzes the product or services' place in the market. In terms of early (historical), middle, and future innovation and technologies, it gives a summary of the phases of product growth in the market.
Value Chain Analysis
Value chain enables companies to monitor their operations and identify areas for competitive advantage. This section offers an analysis of a particular commodity or service from suppliers to end users via manufacturers and middlemen. This will support the business operations of the company in determining how it can gain a competitive edge.
This section offers a pricing trend analysis, both historical and projected, to assist in determining the cost of the product and/or services that are advantageous for businesses' product lifecycles. This section provides a qualitative and graphical analysis of pricing strategy to aid in the evaluation of products by both consumers and businesses.
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