Global Spine Market with Focus on Spinal Fusion: Industry Analysis & Outlook (2016-2020)

Spine disorders are categorized among degenerative conditions, deformities, trauma-based disorders and tumors. To treat spinal disorders, spinal implants and surgeries are performed. These surgeries include fusion and non-fusion devices as well as devices associated with vertebral compression fracture, inter-body devices, and cervical, thoracolumbar, and spinal stimulation devices. The main aim of fusion devices rests on relieving back pain by restricting the movement of the spine. Spine fusion is a surgical procedure which is used to correct problems with the small bones of the spine. It is also known as the welding process.

The global spine market is relatively untouched and has huge potential to treat widespread pain. The spine market in the US is the largest market globally because of its strong dynamics and a great scope of innovation in the region. The growth factors of the market include rise in elderly population in which spine disorders prevalence is the highest, simplification of minimal-invasive surgery, particularly in emerging economies, strong growth in the Asia Pacific regions especially in China and increased approvals of new surgical implants to improve the surgical procedures.

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The global spine market is trending with innovation of new technologies and therapies, advancements in spine therapies, growth of spine care centers, and rising mergers and acquisitions in the market. However, the market growth will be hindered by tough regulatory approvals, restricted reimbursements, and high cost of treatment and lack of trained healthcare workers.

The report offers an in-depth analysis of the global spine market. It also covers the regional aspect of the market along with special focus on spine fusion. The top notch players in the market exhibit a very close competition. The report profiles Johnson & Johnson, Medtronic Plc., Stryker Corporation and Zimmer Biomet Holdings Inc.

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