Industry Background:
According to the American Association of Neurological Surgeons, more than 65 million Americans suffer from lower back pain, annually, while according to the Chicago Institute of Neurosurgery and Neuroresearch, at the age of fifty, 85% of the population is likely to show evidence of disc degeneration. The spinal surgical procedure has transformed significantly due to the introduction of the non-invasive method. Spinal Surgery Devices are used to Provide Stability to Spinal structure, which has lost stability due to a Fracture, Degenerative Disorders of the Spine, Trauma, Tumors, and Deformity. Spinal cord injuries occurs due to various reasons such as a Blocked blood supply, Infections, Injuries, and Compression by a Fractured bone or a Tumor. Rapid product launch and frequent approval of novel spinal fusion devices are expected to drive growth of the Global Spinal Fusion Market. Interestingly, According to a study published in SpineUniverse in 2017, disc herniation is the most common indication for spinal surgery, and around 75% of all spinal surgeries were performed for Herniated disc.
The Global Spinal Surgery Devices market presents a comprehensive analysis of the Spinal Surgery Devices market by product type (Spinal Fusion Devices, Spine System and Other), by end-user/application (Hospitals, Clinics and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. The key Players profiled in the report are Medtronic plc (Ireland), DePuy Synthes (United States), Stryker Corporation (United Kingdom), Zimmer Biomet (United States), Globus Medical, Inc. (United States), NuVasive (United States), Orthofix International Medical Inc. (United States), Alphatec Holdings, Inc.(United States) and Titan Spine (United States). Additionally, other players that are part of this comprehensive study are K2M (United States) and B. Braun Melsungen AG (Germany).
Market Drivers
- Increasing Demand for Spine Biologics
- Owing to Demand for Minimally Invasive Surgeries
- Growing Investment by the Government in Health Care Infrastructure
- Rising Spine Problems among Obese Population Leading to Obesity
Market Trend
- New Product Launch in Medical Sector
- Emergence of Image Guided Robotic Interventions for Minimally Invasive Procedures
- Clinical trials are in the process for further development in Spinal Surgery Device Market
Restraints
- High Cost of Treatment for Spinal Surgery
- Risk associated with the treatment
Regional Breakdown and Segment Analysis
This section of our report presents a realistic picture of the Global Spinal Surgery Devices industry. Investors and manufacturers can easily understand the inherent opportunities and challenges for their products in geographical region of interest. For instance, while the North America holds majority of market share of the Spinal Surgery Devices, the Europe has emerged as a crucial market for several Spinal Surgery Devices brands.
The regional segmentation covered in this report are:
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)