Most of the spinal conditions/disorders do not need surgeries but there are times when they cannot be avoided. In such surgical processes, specially designed spinal instruments are used to correct deformities, strengthen and stabilize the spine and facilitate fusion. Most of the spinal implants are generally made of metals such as stainless steel or titanium-alloy, whereas some are made of non-metallic compounds. This market is expected to have a moderate growth rate primarily due to increase in aging population coupled with number of patients suffering from chronic back pain, increased awareness resulting into adoption of newer and improved technologies by surgeons and patients and last but not the least advancement in technology. However, price concerns and unstable reimbursement policies are expected to restrain the growth of the market to a certain extent.
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The market is segmented on the basis of technology used such as fusion, spine biologics, non-fusion, products intended for vertebral compression fracture and spinal decompression. Each segment is divided into different categories for further cross sectional analysis. North America is one of the geographies that still continue to occupy a larger share of the market followed by Europe. On the other hand Asian countries represent faster growing regional markets, mainly due to the improving reimbursement policies, large population, growing awareness about new technologies and increased purchasing power of hospitals.
Some of the major players profiled in this report include Medtronic, Stryker Corporation, Pioneer Surgical, NuVasive, DePuy Spine, Globus Medical, K2M, Orthofix International, TranS1, Amedica, Zimmer, LDR Holdings, Biomet Spine, Exactech, Integra LifeSciences, Alphatec Spine, Orthovita and Synthes etc.
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This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
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