Global Spinal Surgery Devices Market

Date : Aug 2019

Formats :
Report Code : PMR323994112

Category : Pharmaceutical and Healthcare
No Of Pages : 210
Global Spinal Surgery Devices Market Overview:

The global spinal surgery devices market was valued at USD 8,339.81 million in 2018 and is estimated at USD 10,108.80 million in 2024. Key factors driving this markets development are growing adoption rates of minimally invasive spinal surgery, increasing technological advances in spinal surgery, and growing incidences of obesity and degenerative spinal diseases. According to the National Health Institute study, in 2016, over 1.9 billion people were overweight, of which 650 million were obese. Approximately 39 percent of adolescents were overweight and 13 percent were obese in 2016. These figures are anticipated to boost in developed countries with altering lifestyles and food consumption techniques. As well as a probable increase in spinal issues in obese populations due to increased obesity, degenerative spinal conditions are also anticipated to improve. According to the American Association of Neurological Surgeons, more than 65 million Americans suffer from reduced back pain annually, while at the age of fifty, according to the Chicago Institute of Neurosurgery and Neuroresearch, 85% of the population is likely to demonstrate proof of disc degeneration. With the increasing geriatric population, the amount of individuals with lower back pain and other degenerative spinal diseases is anticipated to boost over the forecast period.

Global Spinal Surgery Devices Market Scope of the Report:

As per the reports scope, the market for spinal surgery instruments is a important, money-spinning orthopedic sector sub-segment. Traditionally, spine surgery has been an open surgery, where a lengthy incision enables the surgeon to access spine anatomy.

Global Spinal Surgery Devices Market Key trends:

Spinal Fusion is anticipated to maintain its highest market share in the Device Type Segment In the Spinal Surgery Device Type section, spinal fusion is thought to have the biggest market volume and is anticipated to have a CAGR of 3.22 percent over the forecast period. Spinal fusion device type is sub-segmented into instrumented spinal fusion, cervical fusion, interbody fusion, and lumbar fusion. Many products on the market provide standard but efficient treatments for patients with lumbar spinal stenosis, along with alternative sophisticated medicines for spinal decompression. Major market players produce anterior and posterior dynamic stabilization equipment for the lumbar spine. In addition, many clinical trials are under growth. This factor is likely to give the market studied multiple advantages. Post-screw fusion systems occupy a significant market share studied owing to their enhanced use. The same share is anticipated to boost over the forecast period, recording a good CAGR.

North America Dominates the Market and Expected to do the Same during the Forecast Period:

Currently, North America dominates the spinal surgery device market and is anticipated to remain its stronghold for a few years. The U.S. maintains the biggest market share. According to a U.S. study undertaken by the National Center for Health Statistics, each year more than 65 million Americans suffer from lower back issues. Moreover, in terms of surgery type, spinal fusion has a higher risk of infection and hospital readmission, and there is no proof that it offers greater advantage to patients. However, its use among Medicare patients risen by 67%, and is now more prevalent than spinal decompression. The US market segment studied is anticipated to expand over the forecast period owing to a general change in trend towards more minimally invasive spinal implant surgery.

Global Spinal Surgery Devices Market Competitive Landscape:

The spinal surgery sevices market is mildly competitive, with several significant players. Moreover, with growing technological advances and product innovations, mid-sizeto smaller firms increase their market presence by introducing fresh technologies with better usability. Companies such as Zimmer Biomet, Stryker, Depuy Synthes, Medtronic, and Globus Medical Inc. hold significant market shares.
CHAPTER 1 INTRODUCTION
1.1. Market Definition
1.2. Executive Summary
1.3. The Scope of the Study
CHAPTER 2 RESEARCH METHODOLOGY
2.1. Secondary Research
2.2. Primary Research
2.3. Analytic Tools and Model
2.4. Economic Indicator
2.4.1. Base Year, Base Currency, Forecasting Period
2.5. Expert Validation
2.6. Study Timeline
CHAPTER 3 MARKET ANALYSIS
3.1. Industry Value Chain Analysis
3.2. Porters Five Force Analysis
3.2.1. Bargaining Power of Buyers
3.2.2. Bargaining Power of Suppliers
3.2.3. Threats of Substitutes
3.2.4. Threats of New Entrants
3.2.5. Degree of Competition
3.3. PESTLE Analysis
3.3.1. Political
3.3.2. Economical
3.3.3. Social
3.3.4. Technological
3.3.5. Legal
3.3.6. Environmental
3.4. SWOT Analysis
3.4.1. Strengths
3.4.2. Weakness
3.4.3. Opportunities
3.4.4. Threats
3.5. Y-O-Y Analysis
CHAPTER 4 MARKET DYNAMICS
4.1. Market Drivers
4.1.1. Growing Incidences of Obesity and Degenerative Spinal Conditions
4.1.2. Rising Adoption Rate of Minimally Invasive Spinal Surgeries
4.1.3. Increasing Number of Technological Advances in Spinal Surgery
4.2. Market Restraints
4.2.1. Stringent Reimbursement Concerns
4.2.2. Expensive Treatment Procedures
4.2.3. Stringent Regulatory Process For New Product Approval
4.3. Market Opportunities
4.4. Market Challenges
CHAPTER 5 GLOBAL SPINAL SURGERY DEVICES MARKET – BY DEVICE TYPE
5.1. Introduction
5.2. Spinal Decompression
5.2.1. Corpectomy
5.2.2. Discectomy
5.2.3. Facetectomy
5.2.4. Foraminotomy
5.2.5. Laminotomy
5.3. Spinal Fusion
5.3.1. Cervical Fusion
5.3.2. Interbody Fusion
5.3.3. ThoracoLumbar Fusion
5.3.4. Other Spinal Fusions
5.4. Arthroplasty Devices
5.5. Fracture Repair Devices
5.6. Non-fusion Devices
CHAPTER 6 GLOBAL SPINAL SURGERY DEVICES MARKET - BY GEOGRAPHY
6.1. Introduction
6.2. North America
6.2.1. U.S.
6.2.2. Canada
6.2.3. Mexico
6.2.4. Costa Rica
6.3. South America
6.3.1. Brazil
6.3.2. Argentina
6.3.3. Chile
6.3.4. Columbia
6.3.5. Others
6.4. Europe
6.4.1. U.K.
6.4.2. Germany
6.4.3. France
6.4.4. Italy
6.4.5. Spain
6.4.6. Russia
6.4.7. Netherlands
6.4.8. Switzerland
6.4.9. Poland
6.4.10. Others
6.5. Asia Pacific
6.5.1. China
6.5.2. Japan
6.5.3. India
6.5.4. South Korea
6.5.5. Australia & New Zealand
6.5.6. Malaysia
6.5.7. Singapore
6.5.8. Others
6.6. Middle East & Africa
6.6.1. UAE
6.6.2. Saudi Arabia
6.6.3. Iran
6.6.4. Iraq
6.6.5. Qatar
6.6.6. South Africa
6.6.7. Algeria
6.6.8. Morocco
6.6.9. Nigeria
6.6.10. Egypt
6.6.11. Others
CHAPTER 7 GLOBAL SPINAL SURGERY DEVICES MARKET - COMPANY PROFILES
7.1. Joimax GmbH
7.2. Nuvasive Inc.
7.3. Orthofix Holdings Inc.
7.4. Zimmer Holdings Inc.
7.5. SeaSpine Holdings Corporation
7.6. Alphatec Spine Inc.
7.7. Globus Medical Inc.
7.8. Depuy Synthes Spine Inc.
7.9. Styker Corporation
7.10. Medtronic PLC
CHAPTER 8 GLOBAL SPINAL SURGERY DEVICES MARKET - COMPETITIVE LANDSCAPE
8.1. Market Share Analysis
8.2. Strategies adopted by top companies
8.3. Mergers, Acquisitions, Collaborations & Agreements
CHAPTER 9 MARKET INSIGHTS
9.1. Industry Experts Insights
9.2. Analysts Opinions
9.3. Investment Opportunities
CHAPTER 10 APPENDIX
10.1. List of Tables
10.2. List of Figures
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Planet Market Reports added Latest and detailed market study report that focuses on “Global Spinal Surgery Devices Market" Which offers essential information based on fresh ideas into Global Spinal Surgery Devices Market industry along with unique market analysis which covers current top Manufactures in Global Spinal Surgery Devices Market, growth, Consumption Demand, challenges, Historical data, subjects wise Survey of each chapters, Regional Insights, and Advancing industry trends, which will help our clients to aim Global Spinal Surgery Devices Market. In addition, the report helps the customers to get a brief idea about Future demand and specifications of products which ensures the driving long-term income and productivity of global market.