According to the new
market research "Spine
Surgery Devices Market
by Technology (Fusion, Fixation, VCF, Decompression, Motion Preservation),
Product (Thoracic, Lumbar, Cervical, Interbody, Kyphoplasty, Artificial Discs,
MIS, Biologics, Stimulators) - Global Forecast to 2021",
The market is expected to reach USD 17.27 Billion by 2021, growing at a CAGR of
5.3% from 2016 to 2021. The report analyzes and studies the major market
drivers, restraints, opportunities, and challenges in North America, Europe,
Asia-Pacific, and the Rest of the World (RoW).
A number of factors such as rising incidence and prevalence of spinal disorders; development of technologically advanced, safer, and cost-effective spinal devices; global rise in the old age and obese population; and rising demand for minimally invasive spine surgery are fueling the growth of the Spine Surgery Devices Market. On the other hand, factors such as stringent regulatory guidelines for the approval of new medical devices, high procedural costs, and lack of adequate reimbursements in developing countries are restricting the growth of the global Spine Surgery Devices Market.
A number of factors such as rising incidence and prevalence of spinal disorders; development of technologically advanced, safer, and cost-effective spinal devices; global rise in the old age and obese population; and rising demand for minimally invasive spine surgery are fueling the growth of the Spine Surgery Devices Market. On the other hand, factors such as stringent regulatory guidelines for the approval of new medical devices, high procedural costs, and lack of adequate reimbursements in developing countries are restricting the growth of the global Spine Surgery Devices Market.
Browse and in-depth TOC on "Spine Surgery Devices Market "
82 – Tables
51 - Figures
211 - Pages
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The Spine Surgery Devices Market, by technology, includes
spinal fusion and fixation, vertebral compression fracture treatment, spinal
decompression and motion preservation/non-fusion technologies. On the basis of
products, the global Spine Surgery Devices Market is divided into seven major
segments, namely, thoracic fusion and lumbar fusion devices, cervical fusion
devices, spine biologics, vertebral compression fracture treatment devices,
motion preservation/non-fusion treatment devices, spinal decompression devices,
and spine bone stimulators. Based on the type of surgery, the global Spine
Surgery Devices Market is divided into two segments, namely, open surgery and
minimally invasive surgery.
As of 2016, North America is estimated to hold the
largest share of the global Spine Surgery Devices Market, followed by Europe.
However, the Asia-Pacific market is expected to grow at the highest CAGR from
2016 to 2021. A number of factors, including rising healthcare expenditure in
developing nations owing to growing income levels, increasing government
funding, presence of a large patient population, rising obesity cases, and
growing awareness about the newly developed spine treatment techniques and
devices are propelling the growth of the Spine Surgery Devices Market in the
Asia-Pacific region.
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However, challenges associated with this market, such as
scarcity of expertise and trained healthcare workers and lack of adequate
patient awareness about spinal disorders and treatment options restricts the
market growth in this region.
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Medtronic, plc (Ireland), DePuy Synthes (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), and RTI Surgical, Inc. (U.S.) are the key players operating in the global Spine Surgery Devices Market.
Contact:
Mr. Shelly SinghMedtronic, plc (Ireland), DePuy Synthes (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), and RTI Surgical, Inc. (U.S.) are the key players operating in the global Spine Surgery Devices Market.
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