Global Spinal Implants Market Research Report: By Product (Spinal Fusion Devices, Non-Fusion Devices, Spinal Bone Stimulators), Procedure (Open Surgery, Minimally Invasive Surgery), Material (Titanium, Titanium-Alloy, Steel, Plastic) – Forecast To 2023
The Global Spinal Implants Market, As Per the Report Published by Market Research Future (MRFR), Could Achieve A CAGR of 5.5% During the Forecast Period (2017-2023).
Spinal implants are mostly used to treat any deformity or accidental rupture in the spinal cord. Other problems such as joint issues, slip disk, and increasing stiffness of the tissue supporting the spine can be partially cured by these spinal implants. The market can grow further riding on the profits it is expected to earn from the development of safer technology and cost-effective devices.
Competitive Dashboard: Global Spinal Implants Market
Medtronic,NuVasive,Zimmer Biomet Holdings,,Globus Medical,Alphatec Holdings,Orthofix International N.V.,Depuy Synthes Inc. (Johnson & Johnson),Stryker Corporation,K2M Group Holdings,,RTI Surgical,Integra LifeSciences,LDR Holding Corporation,Quandary Medical LLC,Amedica Corporation,Exactech,AESCULAP,Alliance Spine,Ascendx Spine,A-Spine,Back 2 Basics Spine,Accel Spine,Apollo Spine,Premia Spine,SI-BONE,Captiva Spine,SpineGuard,NLT Spine (,Paradigm Spine,Centinel Spine,Life Spine,Precision,Reliance Medical Systems,Spine Frontie,Spinal Solutions Inc,Spineart Geneva SA Some of the key players profiled in the report are
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Segmentation: Global Spinal Implants Market
With the focus on a detailed analysis of the spinal implants market, MRFR segmented it by product, procedure, and material.
By product, the global spinal implants market includes spinal bone stimulators, non-fusion devices/motion preservation devices, spinal fusion devices, spine biologics, vertebral compression fracture (VCF) treatment devices, and others. The spine fusion segment comprises interbody fusion devices, cervical fixation devices, thoracolumbar devices, and others. The thoracolumbar devices segment encompasses lumbar plates, anterior lumbar plates, rods, pedicle screw, wires & cables, crosslinks, hooks, and others. The cervical fixation devices segment includes plates and screws, anterior cervical plates, hook fixation systems, wires, clamps, and others. The interbody fusion devices segment comprises bone interbody fusion devices, non-bone interbody fusion devices, and others.
The non-fusion devices/motion preservation devices segment includes artificial discs, dynamic stabilization devices, nuclear disc prostheses, annulus repair devices, and others. The dynamic stabilization devices segment consists facet replacement products, pedicle screw-based systems, interspinous process spacers, and others. The artificial discs segment includes artificial lumbar discs, artificial cervical discs, and others.
The vertebral compression fracture (VCF) treatment devices segment includes vertebroplasty devices, balloon kyphoplasty devices, and others.
The spinal bone stimulators segment encompasses invasive spine bone stimulators, non-invasive spine bone stimulators, and others. The non-invasive spine bone stimulators segment includes a capacitive coupling (CC), pulsed electromagnetic field device, and combined magnetic field (CMF) devices, and others.
The spine biologics segment can be segmented into the cell-based matrix, bone graft substitutes, spinal allografts, and others. The spinal allografts segment can be sub-segmented into demineralized bone matrix, machined bones allograft, and others. The bone graft substitutes segment includes synthetic bone grafts, bone morphogenetic proteins, and others.
By procedure, the global spinal implants market includes open surgery, minimally invasive surgery (MIS), and others.
Regional Insights: Global Spinal Implants Market
Geographically, the spinal implants market span across regions namely, Europe, America, Asia Pacific, and the Middle East and Africa.
Among all the regions, American is predicted to dominate the global spinal implant market. Factors contributing to the market growth are advancements in the manufacturing procedures, technological innovation, and contribution of nanotechnology to the pharmaceutical sector.
Europe is estimated to occupy the second largest share globally due to the augmenting geriatric population coupled with the rising demand for spinal implants and devices for treating spinal disorders. Moreover, governments in this region are constantly focusing on research and development activities which is further predicted to catapult the market on an upward trajectory.
The Asia Pacific region is considered as an emerging market owing to the accelerating obesity cases, rising government funding, growing expenditure of healthcare in the developing economies, the presence of a large patient pool, and rising awareness regarding novel spine treatment techniques.
Industry Developments:
In November 2018, Altus Capital Partners, a private equity firm, has acquired ChoiceSpine, a specialized spinal implants manufacturer.
In November 2018, Osseus Fusion Systems, a manufacturer of products for spine injuries, has obtained FDA 510(k) for 3D printed titanium spinal implants.
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