The MarketResearchFuture.com Published a Premium Research Report on “Global Spinal Implants Market Research Report – Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Technological advancements transpired into the medical technology is dominant driving force behind the growth of the Spinal Implants market. Worldwide, several researches are ongoing wherein scientists & surgeons are relentlessly working to develop and refine implants that can offer the best results to the patients and improve their quality of life as well.
Simultaneously, growing prevalence of conditions and disorders such as Arthritis of the Spine, Scoliosis and Other Deformities of the Spine, Broken Vertebrae, Spondylolisthesis and Slip Disk (Herniated Disk) foster the market growth. Also, the growing geriatric population drives the demand for the spinal implants over the next five years, helping the revenue blossom.
As a result of these research activities, some phenomenal advances have taken places into the field of spinal implants. Such as the innovation of hook, rod and screw systems that allow surgeons to correct spinal deformities with the 3D view; the development of special plates and cages that promote spinal fusion; and the emergence of sturdy miniature implants for children among various other. These efforts have paid off well fuelling the market growth, increasing the uptake of these implants extensively.
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Global Spinal Implant Market – Competitive Analysis
The market is highly competitive and witnesses a number of key players and increasing investments by them transpired in R&D activities to bring about innovations in these implants. Key Manufacturers strive to develop implants that can offer surgeons a superior option for spinal fusion surgery without much of the challenges associated with the surgical procedure.
By leveraging the controlled incremental expansion design that can allow surgeons to restore disc height and optimize the implant efficiently, for each patient literally, these manufacturers try to offer a unique, cutting-edge implant design and surgical solutions to help achieve spinal balance in patients.
Key Players Business Overview:
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.), Exactech Inc. (U.S.), Integra LifeSciences (U.S.), LDR Holding Corporation (U.S.), Quandary Medical LLC (U.S.), AESCULAP (U.S.), Alliance Spine (U.S.), Apollo Spine (U.S.), Premia Spine (Israel), Ascendx Spine (U.S.), A-Spine (Taiwan), Back 2 Basics Spine (Canada), Accel Spine (U.S.), SI-BONE (U.S.), Captiva Spine Inc. (U.S.), Centinel Spine (U.S.), Life Spine (U.S.), SpineGuard (France), NLT Spine (U.S.), Paradigm Spine LLC (U.S.), Precision Spine (U.S.), Reliance Medical Systems (U.S.), Spinal Solutions Inc. (U.S.), Spine Frontier (U.S.), Spineart Geneva SA (Switzerland) and others.
Spinal Implant Market Segmentation
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 Vertebral Compression Fracture (VCF) treatment devices segment is categorized into balloon kyphoplasty devices, vertebroplasty devices, and others.
The spinal bone stimulators segment is categorized into non-invasive spine bone stimulators, invasive spine bone stimulators, and others. The non-invasive spine bone stimulators segment is further classified as pulsed electromagnetic field device, Capacitive Coupling (CC) and Combined Magnetic Field (CMF) devices, and others.
The spine biologics segment is further classified as spinal allografts, bone graft substitutes, cell-based matrix, and others. The spinal allografts segment is further classified as machined bones allograft, demineralized bone matrix, and others. The bone graft substitutes segment is further classified as bone morphogenetic proteins, synthetic bone grafts, and others.
On the basis of procedure, the global spinal implants market is classified into open surgery, Minimally Invasive Surgery (MIS), and others.
On the basis of material, the global spinal implants market is classified into titanium, titanium-alloy, stainless steel, plastic 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.
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