Description

Market Dynamics: Global Spinal Fusion Market

 

Growing prevalence of various pathological conditions like spondylolisthesis, scoliosis, spinal stenosis, spinal fractures, and kyphosis coupled with rise in demand for minimally invasive surgeries are expected to accelerate the market growth of spinal fusion market. Furthermore, growing technological advancements, wide number of benefits offered by spinal fusion procedure, less duration of hospital stay are anticipated to attract demand for spinal fusion market. As per Tohoku Journal of Experimental Medicine, 2016, Japan is accounted for around 23.1% of geriatric people. In accordance with British Editorial Society of Bone and Joint Surgery around 52 % of total spine fusion procedures were performed and lumbar and cervical fusion procedures were increasing rapidly. However, lack of awareness, high cost associated with the treatment is expected to hamper the growth of the spinal fusion market.

 

Market Scope: Global Spinal Fusion Market

 

The Global Spinal Fusion Market is classified on the basis of product, surgery, end user, and geographical regions.

 

Based on the product, the market is segmented as

  • Cervical Fixation Device
  • Interbody Fusion Device
  • Thoracolumbar Devices

 

Based on the surgery, the market is segmented as

  • Minimally Invasive Spine Surgery
  • Open Spine Surgery

 

Based on the End-User, the market is segmented as

  • Orthopaedic Clinics
  • Multispecialty Hospitals
  • Neurology Clinics
  • Others

 

Regional Analysis: Global Spinal Fusion Market

Global Spinal Fusion Market is segmented as Latin America, North America, Asia Pacific, The Middle East and Africa and Europe. North America holds largest revenue share in global spinal fusion market followed by Europe due to strict healthcare reforms, highly developed healthcare infrastructure, favourable government policies. Asia Pacific is also expected to show a significant growth owing to increase in adoption of technological advancements, growing geriatric population pool, rise in awareness among the people.

 

Market Participants: Global Spinal Fusion Market

  • Braun Melsungen AG (Germany)
  • Alphatec Holdings, Inc.(U.S.)
  • Globus Medical, Inc. (U.S.)
  • Exactech, Inc. (U.S.)
  • Medtronic plc. (U.S.)
  • Stryker Corporation(U.S.)
  • Zimmer Biomet Holdings, Inc. (U.S.)
  • Depuy Synthes (U.S.)

 

Notable Market Developments:

In February 2016, Wenzel Spine, Inc., received U.S. FDA clearance for its VariLift LX an interbody fusion device used in lumbar spine.

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2013-2017) and forecast (2018-2024)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market


Location

GEOGRAPHY

PBI Location Map

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX