Spinal Implants and Surgical Devices Market to Cross US$ 17 Billion Globally by 2022
How big is the Global Spinal Implants and Surgical Devices Market?
The global spinal implants and surgical devices market is expected to exceed more than US$ 17 billion by 2022 and will grow at a CAGR of more than 5% in the given forecast period.
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Most of the spinal conditions or issues do not need surgeries however there are times when they can’t be averted. In such surgical procedures, especially designed spinal units are used to accurate deformities, fortify and stabilize the spine and facilitate fusion. Most of the spinal implants are usually manufactured from metals together with chrome steel or titanium-alloy, while some are fabricated from non-metallic compounds. Spinal surgical procedures are prescribed for scientific situations including spondylolisthesis, annoying fracture, chronic degenerative disc sickness, scoliosis and different spinal instability situations.
The major driving factors of Global Spinal Implants and Surgical Devices Market are as follows:
• Increasing demand for minimally invasive spine surgeries
• Technical advancements in spine surgery devices
• Growing aging and obese population with rising number of spine deformities
The restraining factors of Global Spinal Implants and Surgical Devices Market are as follows:
• Stringent product approval process
• Uncertainty in reimbursement
• High cost of treatment actions
• Lack of sufficient physician and patient awareness
The Global spinal implants and surgical devices market is segmented on the lines of its technology, product, type and regional. Based on technology segmentation it covers covering spinal fusion and fixation, spinal decompression, motion preservation/non-fusion and spinal vertebral compression fracture treatment technologies. Under product segmentation it covers thoracic fusion & lumbar fusion, spine biologics, cervical fusion, vertebral compression fracture treatment, spinal decompression, non-fusion treatment devices and spine bone stimulators. Based on type segmentation it covers open invasive and minimally invasive. The global spinal implants and surgical devices market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for Global Spinal Implants and Surgical Devices Market and related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2022.
3) Identifications of new market opportunities and targeted promotional plans Global Spinal Implants and Surgical Devices Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The scope of the report includes a detailed study of global and regional markets for Global Spinal Implants and Surgical Devices Market with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Medtronic, Stryker Corporation, Pioneer Surgical, NuVasive, DePuy Spine, Globus Medical, K2M, Orthofix International, TranS1, Amedica, Zimmer, LDR Holdings, Biomet Spine, Exactech, Integra LifeSciences, Alphatec Spine, Orthovita and Synthes etc. . Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Global Spinal Implants and Surgical Devices Market has been segmented as below:
By Technology Analysis
• Covering spinal fusion and fixation
• Spinal decompression
• Motion preservation/non-fusion
• Spinal vertebral compression fracture treatment technologies
By Product Analysis
• Thoracic fusion & lumbar fusion
• Spine biologics
• Cervical fusion
• Vertebral compression fracture treatment
• Spinal decompression
• Non-fusion treatment devices
• Spine bone stimulators
By Type Analysis
• Open invasive
• Minimally invasive
By Regional Analysis
• North America
• Rest of the World
Reasons to Buy this Report:
1) Obtain the most up to date information available on Global Spinal Implants and Surgical Devices Market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Global Spinal Implants and Surgical Devices Market data.
4) Assess your competitor’s refining portfolio and its evolution.
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.
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