Non Fusion Spinal Devices Market Growth, Forecast and Value Chain 2015-2025
Non fusion spinal technologies and disc diagnostic devices are used for the patients who are suffering from the problem of gradual disc damage, degenerative disc disease often results in disc herniation and chronic back or neck pain.
According to WHO, back pain affects people of all ages, from children to the elderly, and is a very frequent reason for medical consultations. It is difficult to estimate the incidence of back pain as the incidence of back pain is already high by early adulthood and symptoms tend to recur over time. The lifetime prevalence of non-specific (common) back pain is estimated at 60% to 70% in industrialized countries.
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Non Fusion Spinal Devices Market: Drivers and Restraints
Non fusion spinal technologies and disc diagnostic devices global market is driven by aging population, increase in the number of obesity patient, and rise in the demand for minimally invasive surgery procedures
Non fusion spinal technologies and disc diagnostic devices market is driven by new technological advancements. The huge population afflicted from obesity and back pain problem drives the global market. However, unstable reimbursement policies act as a major barrier for this market.
Non Fusion Spinal Devices Market: Segmentation
Non fusion spinal technologies and disc diagnostic devices market is segmented into following types:
Artificial Discs Replacement
Cervical Discs Replacement
Lumber Discs Replacement
Dynamic Stabilization Devices
Interspinous Process Decompression (IPD) Devices
Pedicle Screw-Based Dynamic Stabilization Systems
Annulus Repair Devices
Non Fusion Spinal Devices Market: Overview
With rapid technological advancement and wide acceptance of non-fusion spinal technologies and disc diagnostic devices among patients with back pain problem, the global non fusion spinal technologies and disc diagnostic devices market is expected to grow at healthy CAGR in the forecast period (2012-2025).
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Non Fusion Spinal Devices Market: Region-wise Outlook
Depending on geographic regions, global non fusion spinal technologies and disc diagnostic devices market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
North America contributes the largest market share as the degenerative disc disease affects almost 50% of the U.S. population above age 40 years. Asia pacific shows the fastest growth due to large number of population.
Non Fusion Spinal Devices Market: Key Players
Some of the key participating players in this market are Medtronic Inc., Stryker Corporation, Zimmer Holdings Inc., DePuy Synthes and others.
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