What is Spinal Implants Market?
Spine ailments are a leading driver of healthcare costs worldwide, and range in severity from mild pain and loss of feeling to extreme pain and paralysis. These disorders are primarily caused by degenerative conditions in the spine, deformity, tumors, and trauma. Spinal implants are devices used by surgeons during surgery to treat deformity, stabilize and strengthen the spine, and facilitate fusion. Disorders treated using spinal implants include degenerative disc disease, scoliosis, kyphosis, spondylolisthesis, and fracture.
The market study is being classified by Type (Fusion [Cages, Plates, Rods] and Non-Fusion [Artificial Disc, Expandable Rods]) and major geographies with country level break-up.
Depuy Synthes (United States), Globus Medical Inc (United States), Medtronic plc (Ireland), NuVasive (United States), B. Braun Melsungen AG (Germany), Stryker Corporation (United States), Zimmer Biomet (United States), Alphatec Spine (United States), Orthofix Holdings, Inc. (Italy) and RTI Surgical, Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Captiva Spine Inc. (United States) and A-Spine (Taiwan).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Spinal Implants market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Spinal Implants market by Type, Application and Region.
On the basis of geography, the market of Spinal Implants 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing Incidences of Spinal Ailments
- Escalation of the Geriatric Population across the Globe
Market Trend
- The advent of New Technologies in Spinal Implants
Restraints
- High Cost of Spinal Surgeries
Opportunities
- Growing Healthcare Infrastructure in Emerging Markets
Challenges
- Stringent Government Regulations Regarding Healthcare Technologies
Market Leaders and some development strategies
On March 8, 2019 – RTI Surgical Holdings, Inc., a global surgical implant company, has announced it has completed the acquisition of Paradigm Spine, LLC, a leader in motion preservation and non-fusion spinal implant technology.
Key Target Audience
Providers of Spinal Implants, Manufacturers of Medical Devices, Suppliers of Medical Devices, Healthcare Industry, Governmental Bodies and Research Firms