The global spinal devices market is anticipated to gain momentum from the increasing demand for orthopedic spine devices. Fortune Business Insights, in a published report, titled, “Spinal Devices Market Size, Share & Industry Analysis, By Product Type (Fusion Devices (Cervical Devices, Thoracolumbar Devices, Interbody Devices, and Biologics), Non-Fusion Devices (Vertebral Compression Fracture Devices, Artificial Discs, Dynamic Stabilization Devices, and Others), and Stimulation Devices) By Disease Indication (Degenerative Disc Disease, Complex Deformity, Traumas & Fractures, and Others), By End User (Hospitals & Ambulatory Surgery Centers, Specialty Clinics and Others) and Regional Forecast, 2019-2026,” states that the market is projected to reach USD 15.74 Billion by 2026, thereby exhibiting a CAGR of 3.9% during the forecast period. However, the spinal devices market size was valued at USD 11.59 Billion in 2018.
The report provides elaborate analysis of the spinal devices market trends, status, pros and cons of enterprise products, competition patterns, regions, industrial policies, macroeconomic policies, and more. In other words, it would aid all the entrepreneurs in establishing a panorama of all the characteristics and industrial developments.
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Leading Players operating in the Cardiovascular Drugs Market are:
- Medtronic
- Stryker
- Zimmer Biomet
- DePuy Synthes (Johnson & Johnson Services, Inc.)
- NuVasive, Inc
- Globus Medical
- RTI Surgical Holdings, Inc.
- Aesculap, Inc. (B. Braun Melsungen AG)
- Alphatec Spine, Inc.
Key Players Focus on Bagging FDA Approval & Completing Acquisitions to Widen Product Portfolio
The market consists of numerous large companies that are focused on gaining new contracts in the emerging nations to strengthen their position and have maximum spinal devices market share. Combined with this, they are adopting novel technologies to provide top-quality products to their clients. Here is a list of a couple of the latest developments that occurred in the industry:
- November 2019: Difusion Technologies, Inc., a biotechnology company based in Texas, declared that it has received the FDA 510K clearance for Xiphos-ZF, its interbody device. It is considered to be the first spinal implant that is created from ZFUZE, a new biomaterial. Several studies have proved that the ZFUZE material brings about significant reductions in Interleukin 6 and Interleukin 1-Beta. At the same time, it generates a pro-reparative M2 macrophage response. IL6 and IL1-Beta are associated with fibrous tissue formation.
- November 2018: Stryker, a medical technologies firm, headquartered in Michigan, announced that it has completed the acquisition of K2M Group Holdings, a manufacturer and marketer of medical products. The total deal was worth USD 1.4 Billion. The finalization of the deal came to light two days after the shareholders of K2M validated the acquisition in a meeting.
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/spinal-devices-market-100592
Detailed Table of Content:
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Key Spinal Diseases – For Key Countries/Regions
- Regulatory Scenario – For Key Countries/Regions
- Reimbursement Scenario – For Key Countries/Regions
- New Product Launches
- Key industry Developments – Mergers, Acquisitions and Partnerships
- Key Industry Trends
- Global Spinal Devices Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product Type
- Fusion Devices
- Cervical Devices
- Thoracolumbar Devices
- Interbody Devices
- Biologics
- Non-fusion Devices
- Vertebral Compression Fracture Devices
- Artificial Discs
- Dynamic Stabilization Devices
- Others
- Stimulation Devices
- Fusion Devices
- Market Analysis, Insights and Forecast – By Disease Indication
- Degenerative Disc Disease
- Complex Deformity
- Traumas & Fractures
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals & Ambulatory Surgery Centers
- Specialty Clinics
- Others
- Market Analysis, Insights and Forecast – By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Spinal Devices Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Product Type
- Fusion Devices
- Cervical Devices
- Thoracolumbar Devices
- Interbody Devices
- Biologics
- Non-fusion Devices
- Vertebral Compression Fracture Devices
- Artificial Discs
- Dynamic Stabilization Devices
- Others
- Stimulation Devices
- Fusion Devices
- Market Analysis, Insights and Forecast – By Disease Indication
- Degenerative Disc Disease
- Complex Deformity
- Traumas & Fractures
- Others
- Market Analysis, Insights and Forecast – By End User
- Hospitals & Ambulatory Surgery Centers
- Specialty Clinics
- Others
- Market Analysis, Insights and Forecast – By Country
- U.S.
- Canada
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