Spinal Surgery Devices Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015-2020 and Forecast 2021-2027

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Spinal Surgery Devices Market: By type of product ( Spine Biologics, Spinal Decompression, Vertebral Compression Fracture Treatment Products, Non-Fusion, Fusion ( Spinal Bone Stimulators, Spine Fusion and Fixation)) By End-Eser (Hospitals , Ambulatory Surgical Centers, Others) Geography.

 

 

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Report

Description

Spinal Surgery Devices Market size was valued at USD 12.4 billion in 2021 and is expected to reach USD 17.56 billion by 2028, at a CAGR of 5.1% during forecast period 2022 to 2028. 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.

Spinal Surgery Devices Market

MARKET SUMMARY
-
5.1%
  • Study Period– 2022- 2028
  • Base Year– 2021
  • CAGR– 5.1%
  • Largest Market– North America
  • Fastest Growing Market–  Asia-Pacific

Spinal Surgery Devices Market

  • The report on global spinal surgery devices market gives historical, current and future market sizes (US$ Bn) based on product type, end-user and region.
  • spinal surgery devices market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • DePuy Synthes spine
  • K2M, Inc.
  • Globus Medical, Inc.
  • Zimmer Biomet Holdings Inc.
  • NuVasive, Inc.
  • Medtronic Plc
  • Stryker Corporation
Spinal Surgery Devices Market

Drivers And Restraints

Global spinal surgery devices market is driven by rising aging population who are more susceptible to spine disorders and growing number of accidents. According to World health organization (WHO), 250,000 to 500,000 people suffer from spinal cord injury. Majority spinal cord injuries are due to preventable causes such as accidents, falls or violence. In addition, rising demand for minimally invasive surgeries advances in spinal surgery devices and sedately lifestyles are expected to boost the global spinal surgery devices market over the forecast period. However, high cost of devices, frequent product recalls are expected to hinder the global spinal surgery devices market during the forecast period. Furthermore, complications of pen spinal surgeries such as infection, extensive bleeding and long hospital stay are hampering the market growth.


North-America got significant share

Spinal Surgery Devices Market

Geographically, global spinal surgery devices market is segmented into following regions, viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America expected to be a major market for global spinal surgery devices owing to rising demand for minimally invasive spinal surgeries, well-established healthcare infrastructure and sedentary lifestyle. Europe is expected to grow at significant rates owing to rising aging population and growth rates of spinal disorders. Asia Pacific spinal surgery devices market is expected to have rapid growth owing to lifestyle changes, rising healthcare expenditure and developing healthcare infrastructure.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Key Market Developments

  • In June 2016, Zimmer Biomet Holdings Inc., acquired LDR Holdings Corp., a developer and marketer of surgical technologies for spine disorders. This acquisition makes Zimmer Biomet leading company in cervical disc replacement and minimally invasive surgery.

Key

Key Features of the Report

Spinal Surgery Devices Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Table Of Content


Report

Company Profile

  • DePuy Synthes spine (Johnson & Johnson Services, Inc) (U.S.)
  • K2M, Inc. (U.S.)
  • Globus Medical, Inc. (U.S.)
  • Zimmer Biomet Holdings Inc. (U.S NuVasive, Inc. (U.S.))
  • Medtronic Plc (U.S.)
  • Stryker Corporation (U.S.)
  • CTL Medical Corporation (U.S.)
  • Invibio Biomaterial Solutions (U.K.)

Description

Spinal Surgery Devices Market size was valued at USD 12.4 billion in 2021 and is expected to reach USD 17.56 billion by 2028, at a CAGR of 5.1% during forecast period 2022 to 2028. 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.

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