About Spine Surgery
Spine surgery is for chronic back pain problems like sprain or strains, fractures, herniated discs, spinal stenosis, osteoarthritis, infection, tumors, and degenerative diseases. The majority of problems can be set right with a non-surgical treatment called as conservative therapies. The chronic back pain condition that requires a team of health professionals to diagnose and treat the spinal problems. The aging, improper body mechanism, trauma, structural abnormalities can affect the spine resulting in back pain increasing the global spine surgery market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The spine surgery market is fragmented due to the presence of various manufacturers of spinal surgery-related devices and instruments. The level of competition among the companies in the spine surgery is intense and manufacturers are focusing on developing and enhancing their products with continuous research and development. The number of companies are already following mergers and acquisitions and other strategies to sustain in the competitive market. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Medtronic plc (Ireland), DePuy Synthes (Johnson & Johnson Medical Devices) (United States), Stryker Corporation (United States), Zimmer Biomet (United States), Globus Medical Inc. (United States), NuVasive Inc. (United States), Orthofix Medical Inc. (United States), Alphatec Spine, Inc. (United States), K2M Group Holdings, Inc. (United States and B. Braun Melsungen AG (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Mazor Robotics (Israel), Meditech Spine, LLC. (United States) and SpineGuard, S.A (France).
Segmentation Overview
AMA Research has segmented the market of Global Spine Surgery market by Type (Open Spine Surgery and Minimally Invasive Spine Surgery), Application (Hospitals and Clinics) and Region.
On the basis of geography, the market of Spine Surgery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Procedure, the sub-segment i.e. Laminectomy will boost the Spine Surgery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Spine Surgery Instruments, the sub-segment i.e. Calipers and Gauges will boost the Spine Surgery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Use of Minimally Invasive Spine Surgery Due to its Minimal Risk and The Advent of Robotic Technology for Spine Surgery
Market Growth Drivers:
Increasing Degenerative Spinal Problems in Obese and Geriatric Population and Rising Problems of Scoliosis or Kyphosis in Young People Because of Sports-related Fracture
Challenges:
Problem with Diagnosis of Exact Spine Related Problem
Restraints:
Risk and Complications Associated with Spinal Surgery will Effect the Market and High Cost Associated with Spine Surgery
Opportunities:
Innovations and Advancement in Spine Surgery Technology will Boost the Market
Market Leaders and their expansionary development strategies
On 27th January 2019, Medtronic announced the acquisition of Titan Spine a privately-held titanium spine interbody implant and surface technology company. The acquisition of Titan Spine strengthens Medtronic’s position as a leading innovator in procedural solutions for spine surgery.
"Australia is considering adopting the EU’s spinal implant classification model. The Australian Therapeutic Goods Administration (TGA) believes that following the Medical Device Regulation (MDR) rule would more accurately address device risk, technical design, and the level of invasiveness of these kinds of devices. If implemented, the TGA will make all the necessary changes to ensure that the new classification model properly aligns with Australia’s regulatory requirements for medical devices."
Key Target Audience
Spine Surgery Providers, Spine Surgery Devices Manufacturers, Research and Development Institutes, Regulatory Bodies, Potential Investors, Hospitals and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.