The report titled Global Spinal Implants Market 2018 Research Report implements an exhaustive study on Market Research Future. This Report Cover market size, growth rate, opportunities, market Dynamics and Factor Analysis. And also cover the other information such as Spinal Implants Market trends, Top players, chapter-wise Description followed by various user perceptions and Forecast till 2023.
Spinal Implants are used to treat spinal deformities such as isthmic spondylolisthesis and spinal stenosis. Spinal stenosis is usually a common problem in men and women over 50 years of age. With the increasing age, structural changes occur to the spine which include joint issues, slip disk, and increasing stiffness of the tissue supporting the spine. This leads to the development of spinal deformities or impairment.
Moreover, according to the National Center for Health Statistics, one in every four individuals suffers from chronic low back pain. Additionally, as per the World Health Organization (WHO), the expense of treatment for low back pain is a prominent cause of economic burden at the individual as well as national levels.
Factors such as rising occurrence and prevalence of spinal ailments, development of safer technology and cost-effective spinal devices, and increasing demand for minimally invasive spine surgery are driving the growth of the spinal implants market. Conversely, factors such as high procedural costs, stringent regulatory guidelines for the approval of new medical devices, and lack of reimbursements in developing countries are hampering the growth of the global spinal implants market. The Global Market for Spinal Implants is expected to grow at a CAGR of approximately 5.5% during the forecast period, 2017–2023.
Some major players in the global spinal implants market include Medtronic, plc (Ireland), Depuy Synthes Inc. (Johnson & Johnson) (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), RTI Surgical, Inc. (U.S.), Amedica Corporation (U.S.), etc.
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The global spinal implants market is segmented on the basis of product, procedure, and material.
On the basis of product, the global spinal implants market is segmented into spinal fusion devices, non-fusion devices/motion preservation devices, Vertebral Compression Fracture (VCF) treatment devices, spinal bone stimulators, spine biologics, and others. The spine fusion segment is divided into thoracolumbar devices, cervical fixation devices, interbody fusion devices, and others.
The spine fusion segment is categorized into thoracolumbar devices, cervical fixation devices, interbody fusion devices, and others. The thoracolumbar devices segment is divided into anterior lumbar plates, lumbar plates, pedicle screw, rods, hooks, wires and cables, crosslinks, and others. The cervical fixation devices segment is further classified as anterior cervical plates, hook fixation systems, plates and screws, clamps, wires, and others. The interbody fusion devices segment is further classified as non-bone interbody fusion devices, bone interbody fusion devices, and others.
The non-fusion devices/motion preservation devices segment is categorized into dynamic stabilization devices, artificial discs, annulus repair devices, nuclear disc prostheses, and others. The dynamic stabilization devices segment is further classified as interspinous process spacers, pedicle screw-based systems, facet replacement products, and others. The artificial discs segment is further classified as artificial cervical discs, artificial lumbar discs, and others.
The global spinal implants market consists of four regions, namely, America, Europe, Asia Pacific, and the Middle East and Africa.
Americas dominated the global spinal implants market owing to the technological innovation, advancement in manufacturing processes, and contribution of nanotechnology to the pharmaceutical packaging market.
The European region is the second largest market owing to the increase in geriatric population and the increasing demand for spinal implants and devices for the treatment of spinal disorders. Asia Pacific is the emerging market in the global spinal implants market owing to the rising obesity cases, increasing healthcare expenditure in developing nations, increasing government funding, the presence of a large patient population, and growing awareness about novel spine treatment techniques.
TOC of Spinal Implants Market Research Report – Forecast to 2023:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
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