According to the report published by Allied Market Research, “the global spinal implants and devices market garnered $9,741 million in 2015 and is projected to accrue a sum of $13,384 billion by 2022, growing at a CAGR of 4.6% from 2016 to 2022.”
The report offers information on the drivers, restraints, & opportunities, top investment pockets, market segments, market size & share, and the competitive landscape. These insights are helpful for market players, investors, stakeholders, and new entrants to gain major market share and gain international presence.
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The report elaborately analyzes the drivers, restraints, and opportunities of the spinal implants and devices market. Factors such as growing elderly population, increasing prevalence of spinal disorders, advancements in spine surgery, and Shift towards minimal invasive spine procedures drive the growth of the market. However, stringent regulatory approval procedure and unfavorable reimbursement scenario hinder the growth of the market. Conversely, emerging markets to drive the demand for spinal implants and devices as well as motion preservation surgery are anticipated to offer significant growth opportunities for market.
The report provides an elaborate analysis of the various segments of the spinal implants and devices market. The market is classified into product, surgery, and geography. Based on product, the market is bifurcated into spinal fusion devices, non-fusion/motion preservation devices, vertebral compression fracture treatment devices, spinal bone stimulators, and spine biologics. Based on surgery, the market is divided into open spine surgery and minimally invasive spine surgery. Regionally, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA.
A broad analysis of the players operating in the market is also offered in the spinal implants and devices market study. Details such as their overview, their business segments under operation, key strategic moves and developments, and more are discussed. The companies profiled in the report include Alphatec Spine, Inc., B. Braun Melsungen AG, Depuy Synthes (Johnson & Johnson), Exactech, Inc., Globus Medical, Inc., Medtronic plc, NuVasive, Inc., Orthofix International N.V., Stryker Corporation, and Zimmer Biomet Holdings, Inc.
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