Spinal Devices Market | 2020 Industry Forecast By COVID-19 Impact Size Estimation, Growth Rate, Trends, Company Share, Merger, Competitive and Regional Analysis To 2026 is latest trending research report on “Global Spinal Devices Market”, published by Fortune Business Insights. Report contains comprehensive information about Spinal Devices Market current market situation impacted by COVID-19, forecast growth, segments that have most impacted by COVID-19, and Emerging Trends in 2020. Report also discusses Spinal Devices business growth strategies, competitive analysis, regional market insights, emerging key companies in market.
Report segments information on Global Spinal Devices Market By Product Type (Fusion Devices (Cervical Devices, Thoracolumbar Devices, and Biologics), Non-Fusion Devices (Vertebral Compression Fracture Devices, Dynamic Stabilization Devices), and Stimulation Devices) By Disease Indication (Degenerative Disc Disease, Traumas & Fractures), By End User (Hospitals & Ambulatory Surgery Centers, Specialty Clinics and Others) and Regional Forecast, 2019-2026.
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Global Spinal Devices Key Companies Studied In Report are:
Alphatec Spine, Inc., Medtronic, NuVasive, Inc., Aesculap, Inc. (B. Braun Melsungen AG), Stryker, RTI Surgical Holdings, Inc., Zimmer Biomet, Globus Medical, DePuy Synthes (Johnson & Johnson Services, Inc.), and other key market players.
An Overview of the Impact of COVID-19 on Spinal Devices Market:
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future. The coronavirus incident has caused major damage to all the industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain.
Global Spinal Devices Market Analysis 2020:
Spinal devices are extensively used in spinal surgeries for the treatment of deformities, fractures and disc degeneration. These consist of cervical and thoracolumbar devices, interbody devices, artificial disc, dynamic stabilization devices, annulus repair devices, vertebral compression fracture devices, and others. The global spinal devices market size is projected to reach USD 15.74 Billion by 2026. The market is expected to showcase a remarkable growth owing to a rise in the governmental spending for spine treatment. The report further states that the market was valued at USD 11.59 Billion in 2018. However, it will exhibit a CAGR of 3.9% during the forecast period (2019-2026).
The global Spinal Devices market is projected to witness rapid growth in the coming years driven by the massive investments in product RandD. The recent coronavirus outbreak has brought major businesses to a standstill. Due to travel bans, companies in this sector are likely to take a huge hit in the coming years. Ultimately, the rapid spread of the disease has urged governments to take strict measures. The report includes the impact on Covid-19 pandemic on the global Spinal Devices market and discusses how major companies are coping with this.
In terms of product type, the market is grouped into fusion devices, stimulation devices, and non-fusion devices. In the year 2018, the fusion devices segment had acquired a spinal devices market share of 54.9%. The segment is anticipated to lead the market in the coming years owing to the availability of several spinal fusion solutions and a rising number of spinal fusion surgeries. The fusion devices segment consists of numerous sub-segments that include biologics, interbody devices, thoracolumbar devices, and cervical devices. Out of these, the biologics sub-segment will exhibit significant growth. The rising utilization of biologics in orthopedic surgeries, as well as increasing research activities on orthobiologics, are two of the spinal devices market trends that will affect this segment positively.
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will further contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
The hospitals and ambulatory surgery centers segment in the end-users is expected to lead the market throughout the forecast period. This growth is attributable to the swift adoption of spine navigation software solutions and favorable health reimbursement for spinal procedures. As per an article published in the Neurosurgery Journal, spinal surgery can save around USD 14 Million annually in the ambulatory surgery centers. Moreover, the specialty clinics segment will grow rapidly owing to the rising outpatient spinal surgery as well as an increasing number of spine surgeons.
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
The financial parameters which are assessed include the sales, profits and the overall revenue generated by the key players of Market. Furthermore, the report offers a detailed analysis and information as per Spinal Devices Market Analysis by manufacturers, market segments helping our readers to get a comprehensive overview of the global market. Several players are planning to focus on developing cost-effective products or services, aiming to maintain a strong foothold in the market.
Spinal Devices Market Regional Insights:
In 2018, North America had procured a revenue of USD 5.54 Billion and it is likely to dominate the market during the forthcoming period. The growth is likely to occur because of the rising research on biologics, new product launches, and strategic collaborations between prominent organizations. In the Middle East and Africa and Latin America, several factors are currently augmenting the market. Increasing healthcare expenditure, broadening of distribution networks of renowned players, and technological advancements are a few of them.
Asia Pacific, on the other hand, is at present, showcasing a high demand for orthopedic spine devices owing to the increasing incidence of lower back pain and degenerative diseases. Also, a rise in the geriatric population would also propel growth. The Australian Bureau of Statistics 2017–18 National Health Survey declared that around 16% of the total population in Australia suffer from back problems. It accounts for approximately 4.0 Million people. It is projected to drive the spinal devices market growth in this region.
Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
This Report Answers the Following Questions:
- Which regulations will be most helpful for stakeholders to boost their supply chain network?
- What are the market growth drivers, obstacles, and trends?
- Which region is likely to dominate the market in terms of revenue?
- What can be the best investment choices for venturing into new product and service lines?
- Which crucial business strategies are being followed by players to drive sales?
- Which segment is set to lead the market by generating the largest share?
- What value propositions should businesses aim at while making new research and development funding?
- Which regions might see the demand maturing in certain segments in near future?
- What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
- Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
- Which government regulations might challenge the status of key regional markets?
- How will the emerging political and economic scenario affect opportunities in key growth areas?
- What are some of the value-grab opportunities in various segments?
- What will be the barrier to entry for new players in the market?
Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Supply Chain Analytics market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Supply Chain Analytics market
Table of Content:
1 Spinal Devices Market Overview
1.1 Spinal Devices Product Overview
1.2 Spinal Devices Market Segment by Type
1.2.1 Granular Activated Carbon (GAC) Filters
1.2.2 Carbon Block Filters
1.3 Global Spinal Devices Market Size by Type (2015-2026)
1.3.1 Global Spinal Devices Market Size Overview by Type (2015-2026)
1.3.2 Global Spinal Devices Historic Market Size Review by Type (2015-2020)
1.3.2.1 Global Spinal Devices Sales Market Share Breakdown by Type (2015-2026)
1.3.2.2 Global Spinal Devices Revenue Market Share Breakdown by Type (2015-2026)
1.3.2.3 Global Spinal Devices Average Selling Price (ASP) by Type (2015-2026)
1.3.3 Global Spinal Devices Market Size Forecast by Type (2021-2026)
1.3.3.1 Global Spinal Devices Sales Market Share Breakdown by Application (2021-2026)
1.3.3.2 Global Spinal Devices Revenue Market Share Breakdown by Application (2021-2026)
1.3.3.3 Global Spinal Devices Average Selling Price (ASP) by Application (2021-2026)
1.4 Key Regions Market Size Segment by Type (2015-2020)
1.4.1 North America Spinal Devices Sales Breakdown by Type (2015-2026)
1.4.2 Europe Spinal Devices Sales Breakdown by Type (2015-2026)
1.4.3 Asia-Pacific Spinal Devices Sales Breakdown by Type (2015-2026)
1.4.4 Latin America Spinal Devices Sales Breakdown by Type (2015-2026)
1.4.5 Middle East and Africa Spinal Devices Sales Breakdown by Type (2015-2026)
2 Global Spinal Devices Market Competition by Company
2.1 Global Top Players by Spinal Devices Sales (2015-2020)
2.2 Global Top Players by Spinal Devices Revenue (2015-2020)
2.3 Global Top Players Spinal Devices Average Selling Price (ASP) (2015-2020)
2.4 Global Top Manufacturers Spinal Devices Manufacturing Base Distribution, Sales Area, Product Type
2.5 Spinal Devices Market Competitive Situation and Trends
2.5.1 Spinal Devices Market Concentration Rate (2015-2020)
2.5.2 Global 5 and 10 Largest Manufacturers by Spinal Devices Sales and Revenue in 2019
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) (based on the Revenue in Spinal Devices as of 2019)
2.7 Date of Key Manufacturers Enter into Spinal Devices Market
2.8 Key Manufacturers Spinal Devices Product Offered
2.9 Mergers and Acquisitions, Expansion
3 Global Spinal Devices Status and Outlook by Region (2015-2026)
3.1 Global Spinal Devices Market Size and CAGR by Region: 2015 VS 2020 VS 2026
3.2 Global Spinal Devices Market Size Market Share by Region (2015-2020)
3.2.1 Global Spinal Devices Sales Market Share by Region (2015-2020)
3.2.2 Global Spinal Devices Revenue Market Share by Region (2015-2020)
3.2.3 Global Spinal Devices Sales, Revenue, Price and Gross Margin (2015-2020)
3.3 Global Spinal Devices Market Size Market Share by Region (2021-2026)
3.3.1 Global Spinal Devices Sales Market Share by Region (2021-2026)
3.3.2 Global Spinal Devices Revenue Market Share by Region (2021-2026)
3.3.3 Global Spinal Devices Sales, Revenue, Price and Gross Margin (2021-2026)
3.4 North America Spinal Devices Market Size By Growth (2015-2026)
3.4.1 North America Spinal Devices Revenue By Growth (2015-2026)
3.4.2 North America Spinal Devices Sales By Growth (2015-2026)
3.5 Asia-Pacific Spinal Devices Market Size By Growth (2015-2026)
3.5.1 Asia-Pacific Spinal Devices Revenue By Growth (2015-2026)
3.5.2 Asia-Pacific Spinal Devices Sales By Growth (2015-2026)
3.6 Europe Spinal Devices Market Size By Growth (2015-2026)
3.6.1 Europe Spinal Devices Revenue By Growth (2015-2026)
3.6.2 Europe Spinal Devices Sales By Growth (2015-2026)
3.7 Latin America Spinal Devices Market Size By Growth (2015-2026)
3.7.1 Latin America Spinal Devices Revenue By Growth (2015-2026)
3.7.2 Latin America Spinal Devices Sales By Growth (2015-2026)
3.8 Middle East and Africa Spinal Devices Market Size By Growth (2015-2026)
3.8.1 Middle East and Africa Spinal Devices Revenue By Growth (2015-2026)
3.8.2 Middle East and Africa Spinal Devices Sales By Growth (2015-2026)
4 Global Spinal Devices by Application
4.1 Spinal Devices Segment by Application
4.1.1 Residential
4.1.2 Commercial
4.2 Global Spinal Devices Sales by Application: 2015 VS 2020 VS 2026
4.3 Global Spinal Devices Historic Sales by Application (2015-2020)
4.4 Global Spinal Devices Forecasted Sales by Application (2021-2026)
4.5 Key Regions Spinal Devices Market Size by Application
4.5.1 North America Spinal Devices by Application
4.5.2 Europe Spinal Devices by Application
4.5.3 Asia-Pacific Spinal Devices by Application
4.5.4 Latin America Spinal Devices by Application
4.5.5 Middle East and Africa Spinal Devices by Application
5 North America Spinal Devices Market Size by Country (2015-2026)
5.1 North America Market Size Market Share by Country (2015-2020)
5.1.1 North America Spinal Devices Sales Market Share by Country (2015-2020)
5.1.2 North America Spinal Devices Revenue Market Share by Country (2015-2020)
5.2 North America Market Size Market Share by Country (2021-2026)
5.2.1 North America Spinal Devices Sales Market Share by Country (2021-2026)
5.2.2 North America Spinal Devices Revenue Market Share by Country (2021-2026)
5.3 North America Market Size By Growth by Country
5.3.1 U.S. Spinal Devices Market Size By Growth (2015-2026)
5.3.2 Canada Spinal Devices Market Size By Growth (2015-2026)
6 Europe Spinal Devices Market Size by Country (2015-2026)
6.1 Europe Market Size Market Share by Country (2015-2020)
6.1.1 Europe Spinal Devices Sales Market Share by Country (2015-2020)
6.1.2 Europe Spinal Devices Revenue Market Share by Country (2015-2020)
6.2 Europe Market Size Market Share by Country (2021-2026)
6.2.1 Europe Spinal Devices Sales Market Share by Country (2021-2026)
6.2.2 Europe Spinal Devices Revenue Market Share by Country (2021-2026)
6.3 Europe Market Size By Growth by Country
6.3.1 Germany Spinal Devices Market Size By Growth (2015-2026)
6.3.2 France Spinal Devices Market Size By Growth (2015-2026)
6.3.3 U.K. Spinal Devices Market Size By Growth (2015-2026)
6.3.4 Italy Spinal Devices Market Size By Growth (2015-2026)
6.3.5 Russia Spinal Devices Market Size By Growth (2015-2026)
7 Asia-Pacific Spinal Devices Market Size by Country (2015-2026)
7.1 Asia-Pacific Market Size Market Share by Country (2015-2020)
7.1.1 Asia-Pacific Spinal Devices Sales Market Share by Country (2015-2020)
7.1.2 Asia-Pacific Spinal Devices Revenue Market Share by Country (2015-2020)
7.2 Asia-Pacific Market Size Market Share by Country (2021-2026)
7.2.1 Asia-Pacific Spinal Devices Sales Market Share by Country (2021-2026)
7.2.2 Asia-Pacific Spinal Devices Revenue Market Share by Country (2021-2026)
7.3 Asia-Pacific Market Size By Growth by Country
7.3.1 China Spinal Devices Market Size By Growth (2015-2026)
7.3.2 Japan Spinal Devices Market Size By Growth (2015-2026)
7.3.3 South Korea Spinal Devices Market Size By Growth (2015-2026)
7.3.4 India Spinal Devices Market Size By Growth (2015-2026)
7.3.5 Australia Spinal Devices Market Size By Growth (2015-2026)
7.3.6 Taiwan Spinal Devices Market Size By Growth (2015-2026)
7.3.7 Indonesia Spinal Devices Market Size By Growth (2015-2026)
7.3.8 Thailand Spinal Devices Market Size By Growth (2015-2026)
7.3.9 Malaysia Spinal Devices Market Size By Growth (2015-2026)
7.3.10 Philippines Spinal Devices Market Size By Growth (2015-2026)
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