Rapidly Developing Spinal Implant to Rigorously Expand at an Exceptional CAGR Rate

Chronic back pain is one of the primary reasons for the increase in cases for spinal related injuries. Spinal injuries and diseases are increasing due to rise in sedentary lifestyle patterns. A vast majority of adults will have faced spine related issues at least once in their life, some of which will require surgical intervention. In cases where the severity level of pain is high and the pain does not dissipate with the use of correctional therapies, exercises and medication; surgery may the best option to treat the situation. Spinal implants are utilized in this case to correct the factor causing pain and rectify the issue.

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Spine surgery carries a high level of healthcare expenditure in which spinal implants expenses represent a hefty portion of the total cost of a spine surgery budget. One of the main drivers of this cost are expensive implant costs in a relatively new market in which surgeons choose the implant and hospitals and third party payers foot the bill such as insurance companies or medical aid providers. Spinal implants demand is on the rise due to certain factors such as increased cases detected related to spinal disorders and demand for minimally invasive procedures. Spinal implants are progressively being used in spine related cases like arthritis of the spine, scoliosis and other deformities of the spine, broken vertebrae, spondylolisthesis and herniated disk to name a few.

Growing number of cases of spine related disorders, availability of technologically enhanced, cost effective and safer spinal devices and a large portion of geriatric population are adding to the demand that is generated for this market. Development of minimally invasive surgery procedures due to enhancement of medical expertise is further causing expansion of the demand of spinal implants. Furthermore, evolution of this sector in the emergent economies and rise in the number of hospitals and surgical centers are expected to offer decent growth opportunities in the coming time period. The sector can be restricted due to strict product approval guidelines laid down by governments and regulatory bodies. Lack of skilled surgeons and low awareness levels of the benefits of spinal implants can hamper growth of the sector.

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Latest Industry Updates:

Nov 2017 Medical device-maker DiFusion Technologies chose Zeniva ZA-500 polyetheretherketone (PEEK) as the base polymer for its ZFUZE osteoconductive PEEK composite for spinal implants from Solvay, a leading global supplier of specialty polymers.

Nov 2017 Medicrea received FDA clearance for its IB3D range of 3-D printed titanium interbody devices and introduced AdapTEK. This adds to Medicrea’s 30 FDA approved spinal implant technologies, which have been used in more than 150,000 spinal surgeries.

Nov 2017 Titan Spine, a medical device surface technology company focused on developing innovative spinal interbody fusion implants announced recently the first surgeries in Australia using the Company’s proprietary Endoskeleton interbody fusion devices and surface technology, marking the Company’s entry into a robust new market.

Dec 2017 ChoiceSpine LP, a privately-held spinal device manufacturer based in Knoxville, USA announced the first clinical use of HAWKEYE Ti, a 3D-printed, titanium Vertebral Body Replacement (VBR) device. The HAWKEYE Ti device has been designed to stabilize and fuse the vertebral column with elegantly simple implants in a variety of shapes and sizes.

Study Objectives of Spinal Implants Market:

Providing detail analysis of the market structure along with forecast for the next 7 years of various segments and sub-segments of the spinal implants market.
Giving insights about factors which are affecting the market growth.
Analyzing the market based on various factors- price analysis, supply chain analysis, Porters Five Force Analysis etc.
Providing record about the past along with estimated future revenue of the market’s segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific, Middle East & Africa.
Giving country level analysis of the market with respect to current market size and estimated future growth of the same.
Providing country level analysis of the market segments by type, by procedure, by material and its sub-segments.
Providing an overview of key players along with their strategic profiling in the market, comprehensively analyzing their core competencies and drawing their current status in the market with respect to competition.
Tracking and analyzing competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments along with research and developments currently happening in the global spinal implants market.

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The report for spinal implants market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions

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