New York, NY, Nov. 22, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Spinal Implants and Surgical Devices Market – by Product (Spinal Fusion Devices, Non-Fusion Devices, Vertebral Compression Fracture Treatment Devices, Spinal Bone Stimulators, Spine Biologics, and Spinal Decompression Devices), by Type of Surgery (Open Spine Surgery and Minimally Invasive Spine Surgery), and by End-User (Hospitals and Orthopedic Centers, and Ambulatory Surgical Centers) - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017–2024.”
Spinal implants and surgical devices are used to treat spinal deformities and disorders. These spinal implants and surgical devices help in restoring the normal function of a broken or deformed spine and also help in maintaining the original alignment. Spinal implants also provide stability to the spine when inserted in them.
North America is likely to dominate the global market for spinal implants and surgical devices. According to an article on NCBI, approximately 80% of the U.S. population suffers from lower back pain and 1–2% people among them are disabled due to it. This rise in the occurrences of spinal disorders and disabilities and increase in geriatric and obese population are the key factors driving this market’s growth. Rapid advancements in technology and growing demand for minimally invasive surgeries for spine are also fuelling this market’s growth. The rise in awareness about the new technologies and products, increase in the support for R&D by the government, and well-established healthcare infrastructure is also predicted to propel the spinal implants and surgical devices market in North America.
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In the forecast period, Europe is anticipated to follow North America in terms of revenue share and show a fast growth rate. The rapid increase in awareness about the use of spinal implant and devices and the increased investments made for spinal implants and the healthcare industry are fueling this market’s growth in Europe. Increase in the occurrences of spinal disorders due to the growing geriatric population and rise in the accident rate is also driving the expansion of the spinal implants and surgical devices market in Europe.
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The Asia Pacific has a greater market potential and a higher CAGR as compared to other regions, owing to the improvements made in the reimbursement policies for spinal surgeries, growth in awareness, use of new technologies, and the presence of a large patient pool. The rising incidences of spinal disorders and surgeries and an increase in healthcare expenditure are also fueling the expansion of spinal implants and surgical devices market in the Asia Pacific region. Additionally, the rapid increase in accidents leading to spinal deformities and rise in the population suffering from spinal disorders due to the lifestyle changes are also driving this market’s demand in the Asia Pacific region. Emerging economies, such as China and India, attract several companies for investments, which is also driving the demand for spinal implants and surgical devices market.
The Middle East and Africa are likely to show less growth as compared to Latin America during the forecast period in the spinal implants and surgical devices market. The rising occurrence of spinal disorders and deformities due to the rise in aging population, obese people, accidents, increase in healthcare expenditure, and growing awareness about new technologies are some factors driving the expansion of the spinal implants and surgical devices market.
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The main players in the global spinal implants and surgical devices market are Stryker Corporation, Pioneer Surgical, Globus Medical, Zimmer Biomet Holdings, Medtronic, NuVasive Inc., Alphatec Holdings, DePuy Synthes, Orthofix International N.V., and RTI Surgical Inc.
This report segments the global spinal implants and surgical devices market as follows:
Global Spinal Implants and Surgical Devices Market: Product Segment Analysis
- Spinal Fusion Devices
- ThoracoLumbar Fixation Devices
- Lumbar Plates
- Rods
- Hooks
- Pedicle Screws
- Others
- Cervical Fixation Devices
- Anterior Cervical Plates
- Hook Fixation Systems
- Screws
- Others
- Interbody Fusion Devices
- Non-Bone Fusion Devices
- Bone Fusion Devices
- ThoracoLumbar Fixation Devices
- Non-Fusion Devices
- Dynamic Stabilization Devices
- Artificial Discs
- Annulus Repair Devices
- Nuclear Disc Prostheses
- Vertebral Compression Fracture (VCF) Treatment Devices
- Balloon Kyphoplasty Devices
- Vertebroplasty Devices
- Spinal Bone Stimulators
- Non-Invasive Spine Bone Stimulators
- Invasive Spine Bone Stimulators
- Spine Biologics
- Bone Graft
- Bone Graft Substitutes
- Bone Marrow Aspirate Therapy
- Spinal Decompression Devices
Global Spinal Implants and Surgical Devices Market: Type of Surgery Segment Analysis
- Open Spine Surgery
- Minimally Invasive Spine Surgery
Global Spinal Implants and Surgical Devices Market: End-User Segment Analysis
- Hospitals
- Orthopedic Centers
- Ambulatory Surgical Centers
Global Spinal Implants and Surgical Devices Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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