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Global Spinal Surgery Devices Market 2019 by Size, Share, Trends, Statistics, Key Companies by Regions and Forecast Analysis till 2024

Spinal Surgery Devices

The primary goal of this Global Spinal Surgery Devices Market report is to maintain the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global Spinal Surgery Devices market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide Spinal Surgery Devices market is provided in detail in the report.

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Key Market Trends:

Spinal Fusion is Expected to hold its Highest Market Share in the Device Type Segment

In the device type segment of the spinal surgery devices market, spinal fusion is believed to have the largest market size and is expected to witness a CAGR of 5.05%, during the forecast period.

The spinal fusion device type is sub-segmented into instrumented and non-instrumented spinal fusion, cervical fusion, interbody fusion, and lumbar fusion. Many products in the market provide conventional, yet effective treatments to patients suffering from lumbar spinal stenosis, along with alternative advanced treatments for decompression spine surgery. The major market players manufacture both anterior and posterior dynamic stabilization devices for the lumbar spine. Moreover, many clinical trials are in the process for further development. This factor is likely to offer various benefits to the market studied. A major share of the market studied is occupied by posterior screw fusion systems, due to their increased usage. The share of the same is expected to increase over the forecast period, registering a healthy CAGR.

North America Dominates the Market and Expected to do the Same during the Forecast Period

North America currently dominates the market for spinal surgery devices and is expected to continue its stronghold for a few more years. The United States holds the largest share of the market. According to a survey conducted in the United States, by the National Centre for Health Statistics, more than 65 million Americans suffer from lower back problems, every year. Moreover, in terms of surgery type, spinal fusion has a higher risk of infection and readmission to the hospital, and there is no evidence that it provides greater benefit to patients. However, its use increased by 67% among Medicare patients and is now more common than spinal decompression.

The US segment of the market studied is expected to grow, due to a general shift in the trend toward more minimally invasive surgeries in the spinal implant market, over the forecast period.

Spinal Surgery Devices Market Covers Key Players:

  • Medtronic PLC
  • Styker Corporation
  • Depuy Synthes Spine Inc. (Johnson & Johnson)
  • Globus Medical Inc.
  • Alphatec Spine Inc.
  • Seaspine
  • Zimmer Holdings Inc.
  • SpineGuard SA
  • K2M Group Holdings Inc.
  • Nuvasive Inc.
  • Joimax GmbH

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    Geographical Landscape:

    This Report Focuses on the Spinal Surgery Devices in the Global market, especially in North America, China, Europe, Japan, Southeast Asia, India. This report categorizes the market based on manufacturers, regions, type, and application

    Market Overview:

  • The global spinal surgery devices market was valued at USD 11,553.79 million in 2018, and is estimated to be valued at USD 15,769.46 million in 2024, witnessing a CAGR of 5.30%. The key factors propelling the growth of this market are the increasing adoption rate of minimally invasive spinal surgeries, increasing technological advancements in spinal surgery, and increasing incidences of obesity and degenerative spinal conditions.
  • As per the report of the National Institute of Health, in 2016, more than 1.9 billion adults were overweight, out of which 650 million were obese. It has also been reported that approximately 39% of adults were overweight and 13% were obese, in 2016. These numbers are further expected to increase with changing lifestyles and food consumption methods in the developed countries. Along with a likely increase in spinal problems in obese populations, owing to increase in obesity, the degenerative spinal conditions are also expected to increase.
  • According to the American Association of Neurological Surgeons, more than 65 million Americans suffer from lower back pain, annually, while according to the Chicago Institute of Neurosurgery and Neuroresearch, by the age of fifty, 85% of the population is likely to show evidence of disc degeneration. So, with the growing geriatric population, the number of people suffering from lower back pain and other degenerative spinal conditions is expected to increase during the forecast period.

    Report Highlights:

    – The report provides a detailed analysis on current and future market trends to identify the investment opportunities

    – Market forecasts till 2024, using estimated market values as the base numbers

    – Key market trends across the business segments, Regions and Countries

    – Key developments and strategies observed in the market

    – Market Dynamics such as Drivers, Restraints, Opportunities and other trends

    – In-depth company profiles of key players and upcoming prominent players

    – Growth prospects among the emerging nations through 2024

    – Spinal Surgery Devices Market opportunities and recommendations for new investments

    Price Of Report: $ 4750 (SUL)

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    Detailed TOC of Spinal Surgery Devices Market Research Report 2019 – 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Adoption Rate of Minimally Invasive Spinal Surgeries
    4.2.2 Increasing Number of Technological Advances in Spinal Surgery
    4.2.3 Increasing Incidences of Obesity and Degenerative Spinal Conditions
    4.3 Market Restraints
    4.3.1 Stringent Regulatory Process For New Product Approval
    4.3.2 Expensive Treatment Procedures
    4.3.3 Stringent Reimbursement Concerns
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Device Type
    5.1.1 Spinal Decompression
    5.1.1.1 Corpectomy
    5.1.1.2 Discectomy
    5.1.1.3 Facetectomy
    5.1.1.4 Foraminotomy
    5.1.1.5 Laminotomy
    5.1.2 Spinal Fusion
    5.1.2.1 Instrumented And Non-Instrumented Spinal Fusion
    5.1.2.2 Cervical Fusion
    5.1.2.3 Interbody Fusion
    5.1.2.4 Lumbar Fusion
    5.1.3 Fracture Repair Devices
    5.1.4 Arthroplasty Devices
    5.1.5 Non-fusion Devices
    5.2 Geography
    5.2.1 North America
    5.2.1.1 United States
    5.2.1.2 Canada
    5.2.1.3 Mexico
    5.2.2 Europe
    5.2.2.1 Germany
    5.2.2.2 United Kingdom
    5.2.2.3 France
    5.2.2.4 Italy
    5.2.2.5 Spain
    5.2.2.6 Rest of Europe
    5.2.3 Asia-Pacific
    5.2.3.1 China
    5.2.3.2 Japan
    5.2.3.3 India
    5.2.3.4 Australia
    5.2.3.5 South Korea
    5.2.3.6 Rest of Asia-Pacific
    5.2.4 Middle East & Africa
    5.2.4.1 GCC
    5.2.4.2 South Africa
    5.2.4.3 Rest of Middle East & Africa
    5.2.5 South America
    5.2.5.1 Brazil
    5.2.5.2 Argentina
    5.2.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Medtronic PLC
    6.1.2 Styker Corporation
    6.1.3 Depuy Synthes Spine Inc. (Johnson & Johnson)
    6.1.4 Globus Medical Inc.
    6.1.5 Alphatec Spine Inc.
    6.1.6 Seaspine
    6.1.7 Zimmer Holdings Inc.
    6.1.8 SpineGuard SA
    6.1.9 K2M Group Holdings Inc.
    6.1.10 Nuvasive Inc.
    6.1.11 Joimax GmbH

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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