Spinal Devices Market Analysis 2019 to 2026 report published by “Fortune Business Insights”. According to report Global Spinal Devices Market to Rise At 3.9% CAGR and reach market value $15.74 Billion by 2026. Spinal Devices Industry report anlayzes Market for Spinal Devices 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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Major Spinal Devices Companies covered in the market report include 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.
Spinal Devices Market Analysis From 2020 To 2026:
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.
Global Spinal Devices Market 2020 industry research report gives Advancement strategies and plans are talked about just as assembling procedures and cost structures are likewise examined. Spinal Devices Market Report states import/send out utilization, organic market Figures, cost, value, income and gross edges. Regionally, this report categorizes the production, apparent consumption, export and import of Spinal Devices in North America, Europe, China, Japan, Southeast Asia and India.
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 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 Growth 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.
With a strong market portfolio, Medtronic will possibly be the leading company throughout the forecast period. According to Fortune Business Insights it accounted for the highest market share in 2018. Currently, Medtronic and Sanofi are dominating the global Spinal Devices market.
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).
Regional Analysis:
This report focuses on Spinal Devices Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. 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 2024, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.
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.
What is the scope of the report?
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
Which market dynamics affect the business?
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
Table Of Content:
1 Market Overview
1.1 Spinal Devices Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2014-2024)
1.4.1.2 Canada Market States and Outlook (2014-2024)
1.4.1.3 Mexico Market States and Outlook (2014-2024)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2014-2024)
1.4.2.2 France Market States and Outlook (2014-2024)
1.4.2.3 UK Market States and Outlook (2014-2024)
1.4.2.4 Russia Market States and Outlook (2014-2024)
1.4.2.5 Italy Market States and Outlook (2014-2024)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2014-2024)
1.4.3.2 Japan Market States and Outlook (2014-2024)
1.4.3.3 Korea Market States and Outlook (2014-2024)
1.4.3.4 India Market States and Outlook (2014-2024)
1.4.3.5 Southeast Asia Market States and Outlook (2014-2024)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2014-2024)
1.4.4.2 Egypt Market States and Outlook (2014-2024)
1.4.4.3 Saudi Arabia Market States and Outlook (2014-2024)
1.4.4.4 South Africa Market States and Outlook (2014-2024)
1.4.4.5 Turkey Market States and Outlook (2014-2024)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
3 Global Spinal Devices Sales, Revenue, Market Share and Competition by Manufacturer (2017-2018)
3.1 Global Spinal Devices Sales and Market Share by Manufacturer (2017-2018)
3.2 Global Spinal Devices Revenue and Market Share by Manufacturer (2017-2018)
3.3 Market Concentration Rate
3.3.1 Top 3 Spinal Devices Manufacturer Market Share in 2018
3.3.2 Top 6 Spinal Devices Manufacturer Market Share in 2018
3.4 Market Competition Trend
4 Global Spinal Devices Market Analysis by Regions
4.1 Global Spinal Devices Sales, Revenue and Market Share by Regions
4.1.1 Global Spinal Devices Sales and Market Share by Regions (2014-2019)
4.1.2 Global Spinal Devices Revenue and Market Share by Regions (2014-2019)
4.2 North America Spinal Devices Sales and Growth Rate (2014-2019)
4.3 Europe Spinal Devices Sales and Growth Rate (2014-2019)
4.4 Asia-Pacific Spinal Devices Sales and Growth Rate (2014-2019)
4.5 South America Spinal Devices Sales and Growth Rate (2014-2019)
4.6 Middle East and Africa Spinal Devices Sales and Growth Rate (2014-2019)
5 North America Spinal Devices by Country
5.1 North America Spinal Devices Sales, Revenue and Market Share by Country
5.1.1 North America Spinal Devices Sales and Market Share by Country (2014-2019)
5.1.2 North America Spinal Devices Revenue and Market Share by Country (2014-2019)
5.2 United States Spinal Devices Sales and Growth Rate (2014-2019)
5.3 Canada Spinal Devices Sales and Growth Rate (2014-2019)
5.4 Mexico Spinal Devices Sales and Growth Rate (2014-2019)
8 South America Spinal Devices by Country
8.1 South America Spinal Devices Sales, Revenue and Market Share by Country
8.1.1 South America Spinal Devices Sales and Market Share by Country (2014-2019)
8.1.2 South America Spinal Devices Revenue and Market Share by Country (2014-2019)
8.2 Brazil Spinal Devices Sales and Growth Rate (2014-2019)
8.3 Argentina Spinal Devices Sales and Growth Rate (2014-2019)
8.4 Colombia Spinal Devices Sales and Growth Rate (2014-2019)
9 Middle East and Africa Spinal Devices by Countries
9.1 Middle East and Africa Spinal Devices Sales, Revenue and Market Share by Country
9.1.1 Middle East and Africa Spinal Devices Sales and Market Share by Country (2014-2019)
9.1.2 Middle East and Africa Spinal Devices Revenue and Market Share by Country (2014-2019)
9.2 Saudi Arabia Spinal Devices Sales and Growth Rate (2014-2019)
9.3 Turkey Spinal Devices Sales and Growth Rate (2014-2019)
9.4 Egypt Spinal Devices Sales and Growth Rate (2014-2019)
9.5 Nigeria Spinal Devices Sales and Growth Rate (2014-2019)
10 Spinal Devices Market In Developing Conutries
11 South America Spinal Devices Market Analysis by Countries
12 Competitive Landscape
Continued…
LIST OF TABLES:
Table 1 Spinal Devices Industry Synopsis, 2017 – 2026
Table 2 Global Spinal Devices Market Estimates And Forecast, 2017 – 2026, (USD Million)
Table 3 Global Spinal Devices Market By Region, 2017 – 2026, (USD Million)
Table 4 Global Spinal Devices Market By Type, 2017 – 2026, (USD Million)
Table 5 Global Spinal Devices Market By Key Players, 2017 – 2026, (USD Million)
Table 6 Global Spinal Devices Market By Country, 2017 – 2026, (USD Million)
Table 7 Global Spinal Devices Market By Distribution Channel, 2017 – 2026, (USD Million)
Table 8 Global Spinal Devices Market By End User, 2017 – 2026, (USD Million)
Continued…
LIST OF FIGURES:
FIGURE 1 Research Process Of MRFR
FIGURE 2 Top-Down & Bottom-Up Approach
FIGURE 3 Market Dynamics
FIGURE 4 Impact Analysis: Market Drivers
FIGURE 5 Impact Analysis: Market Restraints
FIGURE 6 Porter’s Five Forces Analysis
FIGURE 7 Value Chain Analysis
Continued…
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