Spinal trauma devices market could reach a valuation of US$4.7 bn by 2023
Request to View Sample Report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7613
Due to the rising demand for technologically sophisticated medical equipment, the competition between leading players of the global spinal trauma devices market could reach another level in the coming years. In this regard, it has been forecasted that product innovation could be one of the most popular tactics adopted by players in order to institute a resilient presence in the market. There could be a possibility of market saturation on account of the operations of top players being concentrated in particular regions. As a result, the competition in the market has been anticipated to not fade away until the end of 2023.
Growing Spinal Injuries Leading to Hospitalization Promote Significant Upsurge in Demand
The surging number of spinal injury cases has been envisaged to set the tone for growth in the world spinal trauma devices market. There could be an increasing demand for effective treatment options as these incidences mainly lead to hospitalization. Consequently, the application of spinal trauma devices could become necessary as such treatments may not be possibly conducted without the use of the equipment. Besides this, the growth in the geriatric population could provide a considerable contribution to the market as this demographic is more susceptible to fractures owing to the decrease in bone density commonly occurring with age. Furthermore, the elevation in the incidence of osteoporosis could fuel the demand for spinal trauma devices.
The development of novel technological breakthroughs has been prognosticated to be encouraged in the world spinal trauma devices market with the snowballing trend of minimally invasive procedures. With that mentioned, the demand for minimally invasive spinal trauma devices could increase noticeably in the near future.
Absence of Suitable Health Insurance Schemes in Emerging Nations Upsets Growth
In developing regions, the scope of the expansion of the international spinal trauma devices market could be constrained by the unavailability of acceptable health insurance schemes. Companies dealing with spinal trauma devices could find it challenging to extend their footprint in developing markets such as India and China as the populations therein still struggle with the lack of primary healthcare facilities.
Read Report Overview @ https://www.transparencymarketresearch.com/spinal-trauma-devices-market.html
Nevertheless, the steady rise in healthcare spending could augur well for the international spinal trauma devices market. Governments providing competent healthcare services with the implementation of state-funded insurance have been prophesied to create opportunities in the market. The advent of bioresorbable implants and drawbacks of traditional metal devices such as follow-up surgeries associated with metallic fixators could bring in new prospects in the market.
The information presented in this review is based on a TMR report, titled “Spinal Trauma Devices Market (Device - Internal Fixation Devices (Plates and Screws, Rods and Pins, and Bone Grafts) and External Fixation Devices) - Global Industry Analysis, Size, Share, Growth Trends, and Forecast 2015 - 2023.”
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Transparency Market Research
90 State Street,
Albany NY - 12207
USA - Canada Toll Free: 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Spinal trauma devices market could reach a valuation of US$4.7 bn by 2023 here
News-ID: 839864 • Views: 138
More Releases from Transparency Market Research
Content Moderation Solutions Market Report to Share Key Aspects of the Industry …
The global content moderation solutions market is projected to register a CAGR of more than 10% between 2019 and 2027. The global content moderation solutions market is projected to be driven by the increasing spending on digital advertising. Marketing leaders are spending more on their websites, digital commerce, and digital advertising. Not only large enterprises, even small and medium enterprises are shifting from traditional advertising to digital advertising. This is expected
Industrial Plugs and Sockets Market Will Escalate Rapidly in the Near Future
Industrial plugs and sockets function on very different frequencies and are used in secured electric connections in machines and equipments. In addition to that, industrial plugs and sockets come with multiple uses across farming and commerce industries, thereby boosting the global industrial plugs and sockets market. It also safeguards the equipment to which it is connected. These plugs and sockets are made of low cost materials and are easy to install,
Home Automation Market Rapid Technological Advancements During The Forecast Peri …
Expansion of the global home automation market is likely to be influenced by the increasing consumer liking for these products, thanks to its energy saving features, enhanced security solutions, convenience, and affordability. The demand for home automation services is also increasing due to growing penetration and development of smartphone-controlled applications. Some of the prominent market players in the global home automation market are Ingersoll-Rand PLC, Cisco Systems, Inc., United Technologies Corporation,
Process Spectroscopy Market to Witness Unprecedented Growth in Coming Years
As per a recent report by Transparency Market Research on global process spectroscopy market, the persisting demand for improving the manufacturing process in several business verticals is the key reason for the growth of the global process spectroscopy market. The report also states that the market's growth is attributed to developing pharmaceutical sector by improving microscopic study of chemicals. These processes require process spectroscopy to collect viable data regarding the
More Releases for TMR
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
TMR - 3D Printing Materials Market by 2020
The global 3D printing materials market will exhibit a CAGR of 18.0% between 2014 and 2020. The market was valued at US$450 mn in 2013 and is expected to reach US$1.4 bn by the end of 2020, according to a research report released by Transparency Market Research. The report titled “3D Printing Materials - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020” is available for sale
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the