DUBLIN--(BUSINESS WIRE)--The "Global Spinal Fusion Devices Market: Focus on Products, End User, 14 Countries' Data, and Competitive Landscape - Analysis and Forecast, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
The Global Spinal Fusion Devices Industry Analysis projects the market to grow at a significant CAGR of 5.40% during the forecast period of 2019 to 2028. The North America region dominated the global spinal fusion devices market in 2018 by acquiring the largest market share.
The spinal fusion devices market growth is majorly driven by factors such as the increasing prevalence of spinal disorders including spondylolistheses, scoliosis, and spinal stenosis, the growing geriatric population, and the increasing number of spinal surgeries. However, risks and complications associated with spinal fusion surgeries, product recall, increased regulatory scrutiny, and high initial cost and cost of the procedure are some of the restraining factors that are hampering the steady growth of the market.
Expert Quote on the Global Spinal Fusion Devices Market
North America held the largest market share in 2018 and accounted for over 47.25% of the revenue share owing to the presence of sophisticated healthcare infrastructure and high level of awareness about the treatment of spinal disorders. However, Asia-Pacific is projected to be the fastest-growing market and is anticipated to grow at a CAGR of over 8.95% from 2019 to 2028. Furthermore, owing to the increasing prevalence of spinal disorders and increasing medical tourism are propelling the growth of the spinal fusion devices in Asia-Pacific.
Scope of the Market Intelligence on Global Spinal Fusion Devices Market
This research report aims at answering various aspects of the global spinal fusion devices market with the help of key factors driving the market, as well as the restraints and challenges that can possibly inhibit the overall market growth and the current growth opportunities that are likely to shape the future trajectory of the market expansion.
The report includes an in-depth examination of the key ecosystem players and key strategies and developments taking place in this market. In addition, the report includes a study of the market dynamics (market drivers, opportunities, and restrains), industry analysis, patent analysis, vendor analysis, detailed product mapping, and growth share analysis by product and by region.
The spinal fusion devices market segmentation (on the basis of product) is further segmented into screw, plates, cages, spacers, and others. The screw segment dominated the global spinal fusion devices market in 2018. The market growth is primarily driven by increasing prevalence of spinal disorders.
The spinal fusion devices market segmentation (on the basis of end-user) is further segmented into hospitals, specialty clinics and ambulatory centers, and others.
The spinal fusion devices market segmentation (on the basis of region) is further segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America led the global spinal fusion devices market in 2018. Increase in healthcare expenditure, growing geriatric population, the presence of sophisticated healthcare infrastructure, and high level of awareness about the treatment of spinal disorders promote the growth of spinal fusion devices market in North America.
Key Companies in the Global Spinal Fusion Devices Market
The key manufacturers who have been contributing significantly to the global spinal fusion devices market are: Medtronic, Plc, Johnson & Johnson, Stryker Corporation, Zimmer Biomet Holdings, Inc., NuVasive, Inc, Globus Medical Inc., RTI Surgical, Inc, SeaSpine Holdings Corporation, Spine Wave, Inc., Spinal Elements, Orthofix Medical, Inc., and B. Braun Melsungen AG, among others.
Key Topics Covered:
1 Market Overview
1.1 Introduction of Human Spine
1.2 Spinal Disorders
1.3 Spinal Treatment Options
1.4 Spinal Fusion
1.5 Spinal Fusion Procedures
1.6 Spinal Fusion Devices
1.7 Complications of Spinal Fusion Procedure
1.8 Global Market Scenario
1.9 Assumptions and Limitations
2 Market Dynamics
2.2 Impact Analysis
2.3 Market Drivers
2.3.1 Increasing Prevalence of Spinal Disorders
2.3.2 Surge in Number of Spinal Fusion Surgeries
2.3.3 Growing Geriatric Population
2.3.4 Increasing Acceptance of Minimally Invasive Spinal Surgeries
2.3.5 Increasing Rate of Obesity
2.3.6 Increase in Road Accidents, Sports Injuries, and Falls Causing Spinal Disorders
2.3.7 Increasing Medical Tourism Promotes Spinal Surgery
2.4 Market Restraints
2.4.1 Increased Regulatory Scrutiny
2.4.2 Complications and Risks Associated with Spinal Fusion Surgery
2.4.3 Product Recalls
2.4.4 High Initial Cost and Cost of Procedure
2.5 Market Opportunities
2.5.1 Emerging Market Driving the Demand for Spinal Fusion Devices
2.5.2 Technological Advancements in Spinal Surgeries and Implants
2.5.3 Growing Number of Hospitals and Ambulatory Surgical Centers
2.5.4 Continuous Launch of New Products
3 Competitive Landscape
3.1 Key Developments and Strategies
3.1.1 Product Launches, Approvals and Clearances
3.1.2 Agreements, Collaborations, and Partnerships
3.1.3 Mergers and Acquisitions
3.1.4 Expansion and Divestitures
3.2 Market Share Analysis
3.3 Vendor Analysis
3.4 Industry Attractiveness
3.4.1 Bargaining Power of Suppliers
3.4.2 Bargaining Power of Buyer
3.4.3 Threat of New Entrants
3.4.4 Threat of Substitute
3.4.5 Intensity of Competitive Rivalry
4 Industry Insights
4.1 Patent Analysis
4.2 Regulatory Framework
5 Global Spinal Fusion Devices Market (by Product)
5.2 Growth Share Analysis
5.6 Pin and Wire
5.7 Rods and Stem
6 Global Spinal Fusion Devices Market (by End User)
6.3 Specialty Clinics and Ambulatory Surgical Center
7 Global Spinal Fusion Devices Market (by Region)
8 Company Profiles
- Alphatec Holdings, Inc
- B. Braun Melsungen AG
- Captiva Spine, Inc.
- Globus Medical, Inc.
- Johnson & Johnson
- Medtronic, Plc.
- NuVasive, Inc.
- Orthofix Medical, Inc.
- RTI Surgical, Inc.
- SeaSpine Holdings Corporation
- Spinal Elements
- Spine Wave, Inc.
- Stryker Corporation
- Xtant Medical Holdings, Inc.
- Zimmer Biomet Holdings Inc.
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