Press Release
Healthcare
Trending

Spinal Fusion Devices Market to Show Impressive Growth Rate During 2014-2022

"Increase in adoption of minimally invasive spine surgery (MISS) presents lucrative opportunities for key players in the spinal fusion devices market. MISS is preferred to conventional techniques, owing to its associated benefits such as minimal cut or incision, which in turn reduces the chances of damage caused to the adjacent muscles."

Global Spinal Fusion Devices Market was valued at $5,867 million in 2015, and is anticipated to reach $7,435 million by 2022, registering a CAGR of 3.4% during the forecast period. Spinal fusion devices are used for the treatment of spinal deformities such as degenerative disc disease and spondylolisthesis. The growth of the market is driven by increase in geriatric population and rise in incidence of spinal disorders. In addition, expansion in the indications for which spinal fusion surgery is performed boosts the market growth. For instance, originally spinal fusion was performed solely for scoliosis and spinal tuberculosis, but there are 14 conditions for which spinal fusion procedure is currently indicated. However, unfavorable reimbursement scenario and stringent regulatory approval procedure of these devices are expected to limit the market growth.

Spinal disorders such as spinal stenosis is the most common problem in men and women over 50 years. The ageing population is at a high risk for spinal impairments, including those with comorbidities and/or compromised immunity. According to an article published in “Tohoku Journal of Experimental Medicine” in February 2016, approximately 23.1% of the Japanese population was aged above 65, and 11.4 % was aged above 75 by end of 2010.

Send Enquiry on this report @ https://www.alliedmarketresearch.com/purchase-enquiry/1956

By 2025, 30.5% of the population is estimated to be over 65 years. Rapidly ageing population has major impacts on the society, particularly in the medical field. The same study stated that in 2012, approximately half of the patients with lumbar spinal stenosis (LSS) and cervical myelopathy were more than 70 years of age.

Asia-Pacific possesses high market potential for spinal fusion devices, owing to rise in incidence of spinal disorders and increase in healthcare expenditure. Furthermore, rapidly aging population, low cost of the spinal procedures in countries such as India as compared to that of developed countries such as the U.S. have further increased the demand for spinal implants. Spinal surgery is performed at over 2,000 hospitals in India, with complex and sophisticated surgeries such as microscopic spine surgery being performed in at least 500 multi-faculty spinal surgery hospitals and super speciality hospitals. Therefore, the aforementioned factors are projected to propel the demand for spinal fusion devices.

On the basis of product type, fusion devices are segmented into thoracolumbar devices, cervical fixation devices, and interbody fusion devices. Devices used for fusion of thoracic, lumbar, and cervical vertebrae include hooks, rods, and screws. On the other hand, interbody fusions are performed without the use of these equipment, rather include devices made up of bone or polyether ether ketone (PEEK). According to a paper published by the British Editorial Society of Bone and Joint Surgery in 2014, lumbar fusion and cervical fusion rates increased rapidly, whereas thoracic fusion rate decreased. This is evident from the statistics that lumbar fusion constituted about 52% of the total spine fusion procedures in 2011. Thus, rise in prevalence of disorders such as low back pain and stenosis supplements the market growth for spinal fusion devices.

Download Sample Report @ https://www.alliedmarketresearch.com/request-sample/1956

The key companies operating in the spinal fusion devices market are Alphatec Holdings, Inc., B. Braun Melsungen AG, Depuy Synthes (Johnson & Johnson), Exactech, Inc., Globus Medical, Inc., Medtronic Plc., NuVasive, Inc., Orthofix International N.V., Stryker Corporation, and Zimmer Biomet Holdings, Inc. Other players include Paragon Medical, Inc., Norman Noble, Inc., Nutech, Titan Spine, Wenzel Spine, Inc., X-Spine Systems, Inc., Tecomet, Inc., Marox Corporation, Axial Medical, Spine Wave, Inc., K2M, Inc., and Captiva Spine, LLC.

Key Benefits of the Spinal Fusion Devices Market

  • The study provides an in-depth analysis of the global spinal fusion devices market with current trends and future estimations to elucidate the imminent investment pockets.
  • Quantitative analysis from 2014 to 2022 is expected to enable the stakeholders to capitalize on prevailing market opportunities.
  • The report provides actual historical figures for 2014 and Y-o-Y forecasts from 2016 to 2022, considering 2015 as base.
  • Comprehensive analysis of all geographic regions is provided to determine the prevailing opportunities in these geographies.
  • Extensive analysis is conducted by closely following key product positioning and monitoring the top contenders within the market framework.

Spinal Fusion Devices Market Key Segments

By Product

  • Thoracolumbar Devices
    • Anterior Lumbar Plates
    • Lumbar Plates
    • Pedicle Screw
    • Rods
    • Hooks
    • Wires & Cables
    • Crosslinks
  • Cervical Fixation Devices
    • Anterior Cervical Plates
    • Hook Fixation Systems
    • Plates & Screws
    • Clamps
    • Wires
  • Interbody Fusion Devices
    • Non-Bone Interbody Fusion Devices
    • Bone Interbody Fusion Devices

By Surgery

  • Open Spine Surgery
  • Minimally Invasive Spine Surgery

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • UK
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • Australia
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

For More Info on this Report, Visit @ https://www.medgadget.com/2019/04/spinal-fusion-devices-market-research-study-says-industry-to-grow-7435-million-by-2022-globally.html

Tags

Allied Market Research

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain. Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.
Close