According to the new market research report the Spinal Implants Devices Market is projected to reach USD 13.8 billion by 2025 from USD 10.3 billion in 2019, at a CAGR of 5.0%.
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This market is primarily driven by the launch of advanced bone grafting products, the advancements in spine surgery technologies, increasing incidence of spinal disorders and the increasing adoption of minimally invasive spine surgeries.
Based on product, the market is segmented into thoracic fusion and lumbar fusion devices, cervical fusion devices, spine biologics, non-fusion devices, vertebral compression fracture treatment devices, spinal decompression devices, and spine bone stimulators. The thoracic fusion and lumbar fusion devices segment accounted for the largest share of the market in 2019. The large share of this segment can be attributed to the increasing incidence of lumbar degenerative disc disease and the growing number of product launches.
Based on the type of surgery, the market is segmented into open and minimally invasive surgeries. The open surgeries segment accounted for the largest share of the Spinal Surgery Devices Market in 2019. The large share of this segment can be attributed to the increasing preference for open spine surgeries among medical professionals, rising incidence of spinal deformities, and technological advancements in spinal fusion surgeries. In addition, some spine procedures, such as spinal implant insertions, can only be done through open surgeries, which is another major factor supporting market growth.
On the basis of technology, the Spinal Surgery Devices Market is segmented into spinal fusion and fixation, vertebral compression fracture treatment, motion preservation/non-fusion, and spinal decompression technologies. The spinal fusion and fixation technologies segment accounted for the largest share of the market in 2019. The large share of this segment can be attributed to the rising incidence of target diseases (such as degenerative disc disease and spinal stenosis) with the growing geriatric population across the globe, a growing number of spinal fusion procedures, and technological advancements in spinal fusion techniques and bone grafting procedures.
The major players operating in the Spinal Surgery Devices Market are Medtronic (Ireland), DePuy Synthes (US), Orthofix International N.V. (US), Abbott Laboratories (US), NuVasive, Inc. (US), Stryker Corporation (US), B. Braun Melsungen AG (Germany), Zimmer Biomet Holdings, Inc. (US), Globus Medical, Inc. (US), RTI Surgical, Inc. (US), Boston Scientific (US), SeaSpine Holdings Corporation (US), ulrich GmbH & Co. KG (Germany), Spineart (Switzerland), Kuros Biosciences AG (Switzerland), Bioventus, LLC (US), Colfax Corporation (US), Meditech Spine, LLC (US), and Implanet (France).
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North America dominates the Spinal Implants Devices Market.
The Spinal Implants Devices Market is segmented into five regional segments, namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. The large share of the North American market can be attributed to its highly developed healthcare infrastructure and reimbursement systems and high patient awareness and physician education. However, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period, primarily due to the improving healthcare infrastructure, rising awareness, improving reimbursement scenario, and the growing insurance coverage in several APAC countries.
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Spinal Implants Devices Market Worth USD 13.8 Billion by 2025
This report studies the global Spinal Implants and Surgical Devices market status and forecast, categorizes the global Spinal Implants and Surgical Devices market size (value & volume) by manufacturers, type, application, and region.
This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).
The major manufacturers covered in this reportDePuy SynthesStryker CorporationNuVasiveZimmer BiometGlobus MedicalAlphatecOrthofix InternationalK2M Group HoldingsRTI SurgicalReport Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-spinal-implants-surgical-devices-2018-885Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering North AmericaEuropeChinaJapanSoutheast AsiaIndiaOn the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Thoracic Fusion and Lumbar Fusion DevicesCervical Fusion DevicesSpine BiologicsVertebral Compression Fracture Treatment Devices Non-fusion DevicesSpine Bone StimulatorsSpinal Decompression DevicesOn the basis of the end users/applications, Spinal Implants and Surgical Devices Market focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including Open SurgeryMinimally Invasive SurgeryThe study objectives of this report are: To analyze and study the global Spinal Implants and Surgical Devices capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);Focuses on the key Spinal Implants and Surgical Devices manufacturers, to study the capacity, production, value, market share and development plans in future.Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.To define, describe and forecast the market by type, application and region.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends and factors driving or inhibiting the market growth.To analyze the opportunities in the market for stakeholders by identifying the high growth segments.To strategically analyze each submarket with respect to individual growth trend and their contribution to the marketTo analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the marketTo strategically profile the key players and comprehensively analyze their growth strategies.In this study, the years considered to estimate the market size of Spinal Implants and Surgical Devices are as follows: History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders Spinal Implants and Surgical Devices ManufacturersSpinal Implants and Surgical Devices Distributors/Traders/WholesalersSpinal Implants and Surgical Devices Subcomponent ManufacturersIndustry AssociationDownstream VendorsAvailable CustomizationsWith the given market data, We offers customizations according to the company's specific needs.
The following customization options are available for the report:Regional and country-level analysis of the Spinal Implants and Surgical Devices market, by end-use.Detailed analysis and profiles of additional market players.Get the Complete Report & TOC at https://www.24marketreports.com/life-sciences/global-spinal-implants-surgical-devices-2018-885 CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
Spinal Implants and Surgical Devices Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Get FREE Sample Report Before Buying @ https://www.upmarketresearch.com/home/requested_sample/5035 UpMarketResearch offers a latest published report on “Global Spinal Implants and Surgical Devices Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
The report contains 140 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The report contains basic, secondary and advanced information pertaining to the Spinal Implants and Surgical Devices Industry global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2018-2023.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
The vendor landscape of the global spinal fusion devices market is dominated by a handful of well-established vendors, thus displaying a largely consolidated nature and hinting at several entry barriers for new or small vendors, observes a recent market research report by Transparency Market Research.
Need for excellent technical know-how, funds required to undertake research activities to develop advanced spinal binding products, and the strict guidelines set by authoritative medical bodies globally related to the approval of these critical medical devices make it clear why the market is ruled by a few large-scale international medical device companies.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=32045So as to sustain their positions in the overall market, companies are focused on the development of new and more reliable products, expansion across emerging markets with ample growth opportunities, and strategic collaborations with healthcare service providers across emerging economies.
Some of the leading companies in the market are Stryker Corporation, Zimmer Biomet Holdings Inc., Titan Spine LLC Medtronic plc, Depuy Synthes, and B. Braun Melsungen AG.According to the report, the market is expected to expand at a promising 4.6% CAGR between 2017 and 2025, rising to a revenue opportunity of US$10,965.7 mn by 2025.North America to Remain Dominant Regional MarketOf the key product varieties available in the market, the segment of thoraco-lumbar fixation devices accounted for the dominant share in the overall market in 2016 and the segment is likely to dominate the global market over the forecast period as well.
From a geographical perspective, the market in North America presently accounts for the dominant revenue contribution share to the global market and is likely to retain its dominance over the report’s forecast period as well.
The regional market is likely to benefit from the well-established healthcare infrastructure and easy availability and high adoption rate of advanced medical devices.Request COVID Analysis on Spinal Fusion Devices Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=32045 Steady Introduction of New and More Reliable Products Bodes Well for MarketBesides the rising prevalence of chronic back pain and back-related issues induced by sedentary lifestyles, which are organically leading to the increased demand for effective cures for these conditions, the increased focus of several leading medical device companies on R activities aimed at finding proper cure to these conditions is driving the market.
The market is also driven by the rising population of geriatric population, a demographic that is prone to a number of disorders related to the spinal cord.
According to Market Research Future's newest report on the global spinal implants, market reveals that the market is anticipated to grow at a CAGR of 5.5% during the forecast period of 2017 to 2023.
Used extensively to treat spinal deformities and other common spinal issues that may occur with age, the market is expected with witness moderate and consistent growth over the assessment period.Request sample Copy:https://www.marketresearchfuture.com/sample_request/2050Age-related wear and tear often result in spinal problems such as spinal stenosis.
The presence of a globally growing geriatric population is expected to drive the demand for spinal implants.
Urbanization has led to increasingly sedentary lifestyles which aggravate spinal problems, thus resulting in increasing diagnoses of chronic back pain; as such, the demand for spinal implants is expected to grow significantly.
Development of advanced technology and spinal implants which combined with the growing demand for minimally invasive spinal surgeries have resulted in cost-effective spinal implants are expected to increase demand for the same.Market SegmentationThe global spinal implants market has been segmented based on product, procedure, material, and region.
By product, the market is segmented into vertebral compression fracture (VCF) treatment devices, non-fusion devices/motion preservation devices, spinal fusion devices, spine biologics, spinal bone stimulators, and others.
Global Flexible Spinal Implants Market Information: by type (rods, hooks, pedicle screws, plates, cages, other); by applications (thoracic, lumbar, cervical, artificial discs, other) – Forecast to 2023The “Flexible Spinal Implants Market ” In-Depth competition analysis of the major companies in the report, sector of the report includes the market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue.The Flexible Spinal Implants Market Free Growth Sample will provide valuable insight with an emphasis on the global market including some of the major players such As, Paradigm Spine LLC, Medtronic plc., Abbott Spine, Inc., Raymedica, K2M Group Holdings, Stryker Corporation, Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Alphatec Holdings, Inc., NuVasive, Inc., Orthofix International N.V., and othersFor Market Flexible Spinal Implants Market analysis, the report covers upstream raw materials, equipment, downstream client survey, Marketing channels, Market development trend and proposals, which more specifically include valuable information By key applications and consumption, key regions and consumption, key Global distributors , major raw materials suppliers and contact information, major manufacturing equipment suppliers and contact information, major suppliers and contact Information, key consumers and contact information, and supply.Flexible Spinal Implants Market Segment by Regions, regional analysis covers:North America(United States, Canada and Mexico)Europe(Germany, France, UK, Russia and Italy)Asia-Pacific(China, Japan, Korea, India and Southeast Asia)South America(Brazil, Argentina, Colombia etc.
)Middle East and Africa(Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Reasons to Purchase this ReportQualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factorsProvision of market value (USD Billion) data for each segment and sub-segmentIndicates the region and segment that is expected to witness the fastest growth as well as to dominate the marketAnalysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each regionThe competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiledAccess Complete Detailed TOC Research Report at https://www.marketresearchfuture.com/reports/flexible-spinal-implants-market-3755The report also appraises the supervisory scenarios which affect various decisions in the market.
With all the data congregated and scrutinized using SWOT analysis, there is a vibrant picture of the competitive scenario of the Global Flexible Spinal Implants Market.
Openings for the future market growth were uncovered and preoccupied competitive threats also textured.About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.Contact:Market Research Future+1 646 845 9312Email: [email protected]
Market Synopsis:As per the recently published analysis by Market Research Future (MRFR), the global spinal implants market is set to expand at a CAGR of 5.5% during the forecast period 2017 to 2023.
Spinal implants are extensively used for the treatment of commonly prevailing disorders such as joint issues, spinal stenosis, slip disk, etc.
However, some of the restraints such as stringent regulations for obtaining approval, lack of easy reimbursements in developing countries, high procedural costs, etc.
Further sub segmentations are included in the report.
The major drivers of market growth in the region are rising geriatric population and an upsurge in the patient pool of spinal disorders.
The constant focus of the governments on research & development is expected to catapult the spinal implants market on an upward trajectory.The factors that are responsible for catalyzing the growth of the spinal implants market in Asia Pacific are rising healthcare expenditure, the presence of a large patient pool, growing awareness about novel technologies, etc.Key PlayersMarket players included in MRFRs competitive analysis include Depuy Synthes Inc. (Johnson & Johnson), Medtronic, plc, A-Spine, Stryker Corporation, Alphatec Holdings, Inc., Quandary Medical LLC, Spine Frontier, Apollo Spine, Precision Spine, Premia Spine, K2M Group Holdings, Inc., Exactech Inc., Integra LifeSciences, SI-BONE, Reliance Medical Systems, AESCULAP, Zimmer Biomet Holdings, Inc., Globus Medical, Inc., NuVasive, Inc., Life Spine, Orthofix International N.V., SpineGuard, Spinal Solutions Inc., Spineart Geneva SA, Accel Spine, Captiva Spine Inc., Back 2 Basics Spine, RTI Surgical, Inc., Centinel Spine, NLT Spine, Paradigm Spine LLC, Ascendx Spine, Amedica Corporation, LDR Holding Corporation, Alliance Spine and othersLatest Industry NewsCoreLink has received FDA clearance for its new spinal implant.
This report studies the global Spinal Implants and Surgical Devices market status and forecast, categorizes the global Spinal Implants and Surgical Devices market size (value & volume) by manufacturers, type, application, and region.
This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia).
The major manufacturers covered in this reportDePuy SynthesStryker CorporationNuVasiveZimmer BiometGlobus MedicalAlphatecOrthofix InternationalK2M Group HoldingsRTI SurgicalReport Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-spinal-implants-surgical-devices-2018-885Geographically, this report studies the top producers and consumers, focuses on product capacity, production, value, consumption, market share and growth opportunity in these key regions, covering North AmericaEuropeChinaJapanSoutheast AsiaIndiaOn the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Thoracic Fusion and Lumbar Fusion DevicesCervical Fusion DevicesSpine BiologicsVertebral Compression Fracture Treatment Devices Non-fusion DevicesSpine Bone StimulatorsSpinal Decompression DevicesOn the basis of the end users/applications, Spinal Implants and Surgical Devices Market focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including Open SurgeryMinimally Invasive SurgeryThe study objectives of this report are: To analyze and study the global Spinal Implants and Surgical Devices capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);Focuses on the key Spinal Implants and Surgical Devices manufacturers, to study the capacity, production, value, market share and development plans in future.Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.To define, describe and forecast the market by type, application and region.To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.To identify significant trends and factors driving or inhibiting the market growth.To analyze the opportunities in the market for stakeholders by identifying the high growth segments.To strategically analyze each submarket with respect to individual growth trend and their contribution to the marketTo analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the marketTo strategically profile the key players and comprehensively analyze their growth strategies.In this study, the years considered to estimate the market size of Spinal Implants and Surgical Devices are as follows: History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025For the data information by region, company, type and application, 2017 is considered as the base year.
Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders Spinal Implants and Surgical Devices ManufacturersSpinal Implants and Surgical Devices Distributors/Traders/WholesalersSpinal Implants and Surgical Devices Subcomponent ManufacturersIndustry AssociationDownstream VendorsAvailable CustomizationsWith the given market data, We offers customizations according to the company's specific needs.
The following customization options are available for the report:Regional and country-level analysis of the Spinal Implants and Surgical Devices market, by end-use.Detailed analysis and profiles of additional market players.Get the Complete Report & TOC at https://www.24marketreports.com/life-sciences/global-spinal-implants-surgical-devices-2018-885 CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/24-market-reports
According to Market Research Future's newest report on the global spinal implants, market reveals that the market is anticipated to grow at a CAGR of 5.5% during the forecast period of 2017 to 2023.
Used extensively to treat spinal deformities and other common spinal issues that may occur with age, the market is expected with witness moderate and consistent growth over the assessment period.Request sample Copy:https://www.marketresearchfuture.com/sample_request/2050Age-related wear and tear often result in spinal problems such as spinal stenosis.
The presence of a globally growing geriatric population is expected to drive the demand for spinal implants.
Urbanization has led to increasingly sedentary lifestyles which aggravate spinal problems, thus resulting in increasing diagnoses of chronic back pain; as such, the demand for spinal implants is expected to grow significantly.
Development of advanced technology and spinal implants which combined with the growing demand for minimally invasive spinal surgeries have resulted in cost-effective spinal implants are expected to increase demand for the same.Market SegmentationThe global spinal implants market has been segmented based on product, procedure, material, and region.
By product, the market is segmented into vertebral compression fracture (VCF) treatment devices, non-fusion devices/motion preservation devices, spinal fusion devices, spine biologics, spinal bone stimulators, and others.
Spinal Implants and Surgical Devices Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Get FREE Sample Report Before Buying @ https://www.upmarketresearch.com/home/requested_sample/5035 UpMarketResearch offers a latest published report on “Global Spinal Implants and Surgical Devices Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a detailed report.
The report contains 140 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
The report contains basic, secondary and advanced information pertaining to the Spinal Implants and Surgical Devices Industry global status and trend, market size, share, growth, trends analysis, segment and forecasts from 2018-2023.
The generated report is firmly based on primary research, interviews with top executives, news sources and information insiders.
Global Flexible Spinal Implants Market Information: by type (rods, hooks, pedicle screws, plates, cages, other); by applications (thoracic, lumbar, cervical, artificial discs, other) – Forecast to 2023The “Flexible Spinal Implants Market ” In-Depth competition analysis of the major companies in the report, sector of the report includes the market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue.The Flexible Spinal Implants Market Free Growth Sample will provide valuable insight with an emphasis on the global market including some of the major players such As, Paradigm Spine LLC, Medtronic plc., Abbott Spine, Inc., Raymedica, K2M Group Holdings, Stryker Corporation, Zimmer Biomet Holdings, Inc., B. Braun Melsungen AG, Alphatec Holdings, Inc., NuVasive, Inc., Orthofix International N.V., and othersFor Market Flexible Spinal Implants Market analysis, the report covers upstream raw materials, equipment, downstream client survey, Marketing channels, Market development trend and proposals, which more specifically include valuable information By key applications and consumption, key regions and consumption, key Global distributors , major raw materials suppliers and contact information, major manufacturing equipment suppliers and contact information, major suppliers and contact Information, key consumers and contact information, and supply.Flexible Spinal Implants Market Segment by Regions, regional analysis covers:North America(United States, Canada and Mexico)Europe(Germany, France, UK, Russia and Italy)Asia-Pacific(China, Japan, Korea, India and Southeast Asia)South America(Brazil, Argentina, Colombia etc.
)Middle East and Africa(Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Reasons to Purchase this ReportQualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factorsProvision of market value (USD Billion) data for each segment and sub-segmentIndicates the region and segment that is expected to witness the fastest growth as well as to dominate the marketAnalysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each regionThe competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiledAccess Complete Detailed TOC Research Report at https://www.marketresearchfuture.com/reports/flexible-spinal-implants-market-3755The report also appraises the supervisory scenarios which affect various decisions in the market.
With all the data congregated and scrutinized using SWOT analysis, there is a vibrant picture of the competitive scenario of the Global Flexible Spinal Implants Market.
Openings for the future market growth were uncovered and preoccupied competitive threats also textured.About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.
Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.Contact:Market Research Future+1 646 845 9312Email: [email protected]
Market Synopsis:As per the recently published analysis by Market Research Future (MRFR), the global spinal implants market is set to expand at a CAGR of 5.5% during the forecast period 2017 to 2023.
Spinal implants are extensively used for the treatment of commonly prevailing disorders such as joint issues, spinal stenosis, slip disk, etc.
However, some of the restraints such as stringent regulations for obtaining approval, lack of easy reimbursements in developing countries, high procedural costs, etc.
Further sub segmentations are included in the report.
The major drivers of market growth in the region are rising geriatric population and an upsurge in the patient pool of spinal disorders.
The constant focus of the governments on research & development is expected to catapult the spinal implants market on an upward trajectory.The factors that are responsible for catalyzing the growth of the spinal implants market in Asia Pacific are rising healthcare expenditure, the presence of a large patient pool, growing awareness about novel technologies, etc.Key PlayersMarket players included in MRFRs competitive analysis include Depuy Synthes Inc. (Johnson & Johnson), Medtronic, plc, A-Spine, Stryker Corporation, Alphatec Holdings, Inc., Quandary Medical LLC, Spine Frontier, Apollo Spine, Precision Spine, Premia Spine, K2M Group Holdings, Inc., Exactech Inc., Integra LifeSciences, SI-BONE, Reliance Medical Systems, AESCULAP, Zimmer Biomet Holdings, Inc., Globus Medical, Inc., NuVasive, Inc., Life Spine, Orthofix International N.V., SpineGuard, Spinal Solutions Inc., Spineart Geneva SA, Accel Spine, Captiva Spine Inc., Back 2 Basics Spine, RTI Surgical, Inc., Centinel Spine, NLT Spine, Paradigm Spine LLC, Ascendx Spine, Amedica Corporation, LDR Holding Corporation, Alliance Spine and othersLatest Industry NewsCoreLink has received FDA clearance for its new spinal implant.
The vendor landscape of the global spinal fusion devices market is dominated by a handful of well-established vendors, thus displaying a largely consolidated nature and hinting at several entry barriers for new or small vendors, observes a recent market research report by Transparency Market Research.
Need for excellent technical know-how, funds required to undertake research activities to develop advanced spinal binding products, and the strict guidelines set by authoritative medical bodies globally related to the approval of these critical medical devices make it clear why the market is ruled by a few large-scale international medical device companies.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=32045So as to sustain their positions in the overall market, companies are focused on the development of new and more reliable products, expansion across emerging markets with ample growth opportunities, and strategic collaborations with healthcare service providers across emerging economies.
Some of the leading companies in the market are Stryker Corporation, Zimmer Biomet Holdings Inc., Titan Spine LLC Medtronic plc, Depuy Synthes, and B. Braun Melsungen AG.According to the report, the market is expected to expand at a promising 4.6% CAGR between 2017 and 2025, rising to a revenue opportunity of US$10,965.7 mn by 2025.North America to Remain Dominant Regional MarketOf the key product varieties available in the market, the segment of thoraco-lumbar fixation devices accounted for the dominant share in the overall market in 2016 and the segment is likely to dominate the global market over the forecast period as well.
From a geographical perspective, the market in North America presently accounts for the dominant revenue contribution share to the global market and is likely to retain its dominance over the report’s forecast period as well.
The regional market is likely to benefit from the well-established healthcare infrastructure and easy availability and high adoption rate of advanced medical devices.Request COVID Analysis on Spinal Fusion Devices Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=32045 Steady Introduction of New and More Reliable Products Bodes Well for MarketBesides the rising prevalence of chronic back pain and back-related issues induced by sedentary lifestyles, which are organically leading to the increased demand for effective cures for these conditions, the increased focus of several leading medical device companies on R activities aimed at finding proper cure to these conditions is driving the market.
The market is also driven by the rising population of geriatric population, a demographic that is prone to a number of disorders related to the spinal cord.