Description

The global spinal surgery devices market size valued at USD 10.01 billion in 2020 and expected to reach USD 14.33 billion by 2027, at a CAGR of 4.9% during forecast period 2021 to 2027. Spinal surgery is a procedure to change the patient’s anatomy of spine. It is a procedure helps to relieve chronic pain caused due to herniated disc. Spinal surgeries vary from log recovery & extensive surgeries to minimally invasive quick recovery procedures. Spinal surgeries also performed to treat the deformities and disorders of spine. Deformities, tumours and trauma may cause the spinal damage. There are different kinds of spine surgery are present including foraminotomy, laminectomy, spinal disc replacement, spine fusion and discectomy. Global spinal surgery devices market is growing at notable rates owing to rising demand for non-invasive spinal surgery devices. Companies in market place are adopting mergers and acquisitions as key strategies to increase their market share. For instance, in September 2017, NuVasive, Inc acquired Vertera Spine, a medical device company focused on introducing spinal devices. By this acquisition, NuVasive seeks to improve its device technologies and product portfolio. Furthermore, companies are involving in developments of new devices and technologies to strengthen their product portfolio. For instance, In November 2016, DePuy Synthes (Johnson & Johnson Services, Inc) launched a new implant for stand-alone anterior lumbar antibody fusion, Synfix evaluation system.

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