What is Spine Biologics Market Scope?
Spinal biologics include materials that can be used in bone fusion surgery, spinal cord injuries, and degenerative disc disease. Ten years ago, the spine treatment market was 75% traditional metal rods and plates and 25% biologics. However, because metals are inert materials, they did not stimulate the bone regeneration process. On the other hand, biological materials are proteins that can attract and stimulate cells, promote fusion, and aid the bone healing process. Surgeons use advanced biological mechanisms to treat spinal deformities such as extreme lateral interbody fusion and direct lateral interbody fusion. According to a research article published in BMC Musculoskeletal Disorders in 2018, the study concluded that the minimally invasive approach of lateral interbody fusion technology has the benefit of reduced injury and quick recovery after surgery. This is an effective and safe treatment for spinal diseases such as thoracic and lumbar tuberculosis. Advances in biomaterials are making it easier for surgeons to treat people with spinal conditions such as disc degeneration and scoliosis.
The Spine Biologics market study is being classified by Type (Bone Graft Substitutes [Synthetic Bone Grafts, Demineralized Bone Matrix (DBM), Bone Morphogenetic Proteins (BMP)], Bone Allografts [Machined Bone Allograft, Demineralized Bone Matrix], Platelet Rich Plasma (PRP) and Bone Marrow Aspirate Concentrate (BMAC) Therapy), by Application (Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers and Others) and major geographies with country level break-up.
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. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Spine Biologics market throughout the predicted period.
Zimmer Holding (United States), Medical Devices Business Services, Inc. (United States), Medtronic (Ireland), NuVasive, Inc. (United States), Stryker Corporation (United States), Orthofix International (United States), Globus Medical (United States), Exactech, Inc. (United States), Wright Medical Group N.V. (United States), NuTech (United States) and Arthrex, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are XTANT MEDICAL (United States), ATEC Spine, Inc. (United States) and Life Spine, Inc. (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Spine Biologics market by Type, Application and Region.
On the basis of geography, the market of Spine Biologics 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).
In 2018, NuVasive had expanded its biologics business line with the launch of AttraX Scaffold.
Influencing Market Trend
- Awareness of the Newly Developed Spine Treatment Techniques and Devices
- Rising Demand of Minimally Invasive Spine Surgeries
Market Drivers
- Rising Incidence of Spinal Disorders
- Rising Healthcare Expenditure in Developing Nations Owing To Growing Income Levels
- Rising Obesity Cases
Opportunities
- An Upsurge in Technological Advancements
- Growing Health Care Expenditure
Restraints
- Lack of Expertise and Professionals
- High Cost of Surgery
Challenges
- Lack of Patient Awareness
- Unfavorable Reimbursement Scenario
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Spine Biologics, Venture Capitalists and Private Equity Firms and End-Use Industry
Customization available in this Study:
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