The spinal fusion devices are used to stabilize a spine which has become unstable due to degenerative disorders of the spine, fracture, deformity, tumors, and trauma. A congested blood supply, injuries, infections, and compression by a cracked bone or tumor are all common causes of spinal cord injuries. The functioning mechanism and technology of spinal fusion device has advanced over time. Advanced plating system improves structural stability and integrity. Novel screw systems, and locking mechanisms, having self-tapping and self-drilling characteristics, are used in spinal fusion devices. They are built of current manufacturing materials such as titanium alloy and have single and double holes per vertebrae by which the screw fixing is done.
The global spinal fusion market is expected to increase due to rapid product releases and regular approval of new spinal fusion devices
Modulift Vertebral Body Replacement System (VBR) was introduced in 2015 by Aesculap Implant Systems, a part of B. BRAUN MELSUNGEN AG. This is the most key development in expandable cage technology. Serrato pedicle screw, an innovative dual-lead screw proposed for use in the non-cervical spine, was introduced by Stryker’s Spine division in 2017. Stryker introduced the Aero-C Cervical Stability System at the American Academy of Orthopedic Surgeons convention in Orlando in 2016. In the near future, the introduction of these innovative products to the market is projected to drive the global spinal fusion devices market growth. Moreover, the regular approvals of the novel products are expected to propel the global spinal fusion market growth. Orthofix International N.V., for instance, gained 510(k) clearance from the US Food and Drug Administration in 2018 for the FORZA XP Expandable Spacer System. FORZA XP is developed to help patients with degenerative disc degeneration restore their normal disc height. Orthofix International N.V. obtained 510(k) clearance from the U.S. Food and Drug Administration for the FORZA Peek Titanium Composite Spacer System in 2016, while Wenzel Spine Inc. obtained Food and Drug Administration clearance to market VariLift-LX, an interbody fusion device for standalone usage in the lumbar spine.
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In 2016, the global spinal fusion devices market was worth US$ 7,462.4 million, and it is projected to grow at 4.6 % CAGR in the forecast period (2017 to 2025).
The global spinal fusion device market is expected to increase due to rising prevalence of spinal abnormalities.
Smoking, diet, weight, and lifestyle conditions all contribute to spinal anomalies. Toxins in smoke of cigarette damage the cartilage in the spine, causing early beginning of degenerative spinal abnormalities. In 2015, around 1.1 billion individuals globally smoked tobacco, according to the World Health Organization (WHO). According to research published in 2017, in SpineUniverse, disc herniation is perhaps the common cause for spine surgery, with herniated discs accounting for around 75% of all spinal treatments. In the near future, the global spinal fusion devices market is forecasted to increase due to an increase in the incidences of spinal anomalies as a result of an unhealthy lifestyles and a high risk of disc herniation.
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Moreover, major companies in the global spinal fusion devices market are concentrating on strategic merger and acquisitions to extend their product range and increase their presence in new territories. Zimmer, for instance, acquired LDR Holding Corp. in 2016 to boost their spine segment’s innovation and expansion. Globus Medical Inc. had acquired Alphatec Holdings Inc.’s international business and distribution channels in 2016. Using Alphatec’s broad international distributor, this acquisition has enlarged the company’s product line and provided instant access to Japan, as well as improved presence and penetration in other territories.
The global spinal fusion devices market is dominated by the following major players Stryker Corporation, Inc., Orthofix International N.V., Medtronic Plc., B. Braun Melsungen AG, K2M Group Holdings Inc., Spineart Geneva SA., Wenzel Spine, Inc., Zimmer Biomet Holdings Inc., Exactech, Inc., Globus Medical, Inc., NuVasive, Inc., Depuy Synthes, and Centinel Spine, Inc.
Table of Content
Global Spinal Fusion Devices Market Research Report
Section 1: Global Spinal Fusion Devices Industry Overview
Section 2: Global Economic Impact on Spinal Fusion 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: Spinal Fusion 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 Spinal Fusion Devices Market Forecast
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