About Dynamic Spinal Tethering System
Global Dynamic Spinal Tethering System is a system used to correct irregular spine in adults as well as pediatrics. It is generally used in patients suffering from scoliosis or any other form of spine deformity. It is mostly used in children to correct the deformity earliest.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Dynamic Spinal Tethering System market throughout the forecasted period. 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.
IntuitiveX, Inc. (United States), Medtronic plc (Ireland), Alphatec Spine, Inc (United States), Arthrex (United States), Camber Spine (United States), DePuy Synthes (United States), Exactech, Inc. (United States) and Globus Medical Inc (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Dynamic Spinal Tethering System market by , Application (Hospitals, Ambulatory Surgical Centers and Specialty Clinics) and Region.
On the basis of geography, the market of Dynamic Spinal Tethering System 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 Disease Type, the sub-segment i.e. Scoliosis will boost the Dynamic Spinal Tethering System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-users, the sub-segment i.e. Adults will boost the Dynamic Spinal Tethering System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Awareness about Preventive Measures
Market Growth Drivers:
Increased Prevalence of Scoliosis, Increased Number of Hospitals and Clinics and Rise in the Disposable Income of the People
Challenges:
Less Awareness in Some Regions
Restraints:
Side Effects associated with Treatment
Opportunities:
Growing Healthcare Industry Worldwide and Development of Healthcare Facility in Developing Regions
Market Leaders and their expansionary development strategies
In June 2020, LCI medical was acquired by Safe Orthopaedics, a company focusing on the design and commercialization of ready-to-use solutions for spinal procedures, in 2020. The acquisition will allow the company to increase its product variety while also ensuring that its clients receive the safest products possible.
In December 2022, Empirical Spine, Inc., a medical device company creating a new class of spinal implant, recently completed the final step in the U.S. Food & Drug Administration (FDA) submission process for the LimiFlex™ Dynamic Sagittal Tether. The Premarket Approval (PMA) submission included Module III, with data and analysis of the two-year results from the pivotal Investigational Device Exemption (IDE) clinical trial comparing LimiFlex DST stabilization versus fusion surgery for degenerative spondylolisthesis (degen spondy) patients with spinal stenosis.
Key Target Audience
Dynamic Spinal Tethering System Providers, Research Professionals, Research Companies, Government and Associated Bodies and End-users
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.