SEATTLE, July 08, 2021, (MEDGADGET) — Global Spine Surgery Devices Market Analysis
Injury to the vertebrae, ligaments, or discs of the vertebral column may cause spinal injuries. Since the injury is closer to the head, the higher the injury on the vertebral spine, the greater damage is bound to occur. Surgical techniques may be used to treat such accidents. However, although surgeries cannot repair injury, they can help to minimize deformity, alleviate pain, and align the spine (if fractured). The surgical instruments that are available are determined by the surgeon’s care strategy.
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The global spine surgery devices market is projected to grow due to the frequent acceptance of innovative medical instruments used in spinal cord injury by regulatory authorities. The US Food and Drug Administration (FDA) granted Meditech Spine LLC clearance to sell its Cure Opel – C device in September 2018. Cure Opel – C is a new technology that complements the company’s current Cure ACP and Talos – C (HA) Interbody Systems. It has a one-of-a-kind lock system that stops screws from backing out after they’ve been installed in the vertebral column.
In addition, Camber Spine Technologies, LLP obtained FDA clearance for its product Siconus SI Fusion Screw System in January 2017. Larger bones, such as the sacrum, are supported and fixed by it. Camber Spine Technologies collaborated with the Institute for Musculoskeletal Science and Education to create this framework. The global spine surgery devices market is estimated to grow as a result of regulatory approvals of novel devices.
Additionally, vendor activities such as alliances, agreements, mergers, and investments are expected to boost the global spine surgery devices market growth. In May 2019, Medtronic plc. a medical technology corporation, purchased Titan Spine LLC, a maker of interbody fusion products, in order to diversify its spinal surgery product line. Titan Spine LLC’s entire Spine range, which involves titanium-based interbody fusion implants, is set to be purchased by Medtronic plc. As a result, such acquisitions are likely to hasten the development of the global spine surgery devices market.
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Over the forecast period, North America is projected to dominate the global spine surgery devices market. The spine surgery demand in North America is projected to rise due to factors such as the high incidence of spinal cord injuries. As per the National Spinal Cord Injury Statistical Center, the U.S. had about 17,700 cases reported of spinal cord injuries in 2018, with about 288,000 individuals dealing with a spinal cord injury. As a result, as the number of spinal cord injury rises, so will the need for more surgeries, boosting the global spine surgery devices market during the forecast period.
Problems in spinal surgery procedures may have an impact on the implementation of these procedures, hindering the global spine surgery devices market’s expansion. According to the National Health Service (NHS) of the United Kingdom, all surgeries carry some level of risk. There is a chance of infection at the invasion site during lumbar decompression surgery. It also involves the possibility of blood clots, nerve injury, vision loss, and facial sores. As a result, this trend is expected to limit the growth of the global spine surgery devices market.
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Key companies contributing in the global spine surgery devices market are Globus Medical Inc., Arthrex, Inc., Stryker Corporation, Medtronic plc, Zimmer Biomet Holdings Inc., Alphatech Spine Inc., Meditech Spine LLC, DePuy Spine Inc., Paradigm Spine LLC, and Smith and Nephew plc.
Table of Content
Global Spine Surgery Devices Market Research Report
Section 1: Global Spine Surgery Devices Industry Overview
Section 2: Global Economic Impact on Spine Surgery Devices Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Spine Surgery Devices Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Spine Surgery Devices Market Forecast
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