Global Spinal Implants and Surgical Devices Market 2018 | Industry Key Players, Type, Applications, World’s Regions, Analysis & Forecast to 2025

This report focuses on the Spinal Implants and Surgical Devices Market by Manufacturers, Regions, Type and Application, exclusively in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on type, application, regions, and manufacturers.

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Regional Outlook and Trend Analysis:

In 2016, North America was assessed to hold the biggest share of the worldwide spinal implants and surgical gadgets showcase, trailed by Europe. Various factors, for example, high awareness about the recently created treatment advances, well-established human services foundation, expanding frequencies of spinal issues, rise in the aged and obese populace, and rising government financing to help Research & Development of inventive spine treatment gadgets are driving the development of the spinal inserts advertise in the North American region. Asia pacific market is anticipated to encounter substantial growth in the upcoming years. Various factors, incorporating increasing healthcare expenses in developing countries due to developing income levels, expanding government subsidizing, presence of a huge patient populace, rising cases of obesity, and developing awareness about the recently developed spine treatment methods and gadgets are impelling the development of the spinal implants and surgical devices market in the Asia-Pacific area. On the other hand, certain challenges linked with this market like shortage of skilled and trained medicinal services specialists and absence of satisfactory patient awareness about spinal issue and treatment choices limits the market development in this area.

Competitive Outlook and Trend Analysis:

Launches of new products and their enhancements is the major strategy of development that is implemented by leading companies to maintain their position in the global spinal implants market. In addition, strategies, for example, agreements, partnerships, and coordinated efforts; and acquisitions were likewise embraced by countless players to reinforce their item portfolios and extend their geographic presence in the market. Some of the leading players in the market are DePuy Synthes, Zimmer Biomet Holdings, Inc., Medtronic plc, Alphatec Spine, Inc, Stryker Corporation, Regeneration Technologies, Inc., Globus Medical Inc., NuVasive, Inc. and Orthofix International N.V.

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Industry Overview and Trend Analysis:

The Spinal Implants and Surgical Devices market was worth nearly USD 10.12 billion in 2016 and is anticipated to garner around USD 15.72 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 4.44% during the forecast period. Spinal implants and surgical devices are used for treating several spinal deformities like isthmic spondylolisthesis and spinal stenosis. Spinal stenosis is one of the most common problem in women and men above 50 years of age. As age progresses, the structure of the spine changes. For instance, the band of tissues which give the needed support to the spine gets thick, joints and the bones start getting bigger, thereby resulting to one of the common cause of spinal impairment. Several factors contribute towards the positive growth of this market such as increasing elderly and obese population, enhancements in technology, coupled with prevalence of spinal disorders and increasing demand for minimally invasive spine surgeries are together impelling the market. As per Eurostat, as of January 1, 2015, the EU-28 population was approximated to be around 508.5 million of which the geriatric population had a total of 18.9% share, hence reflecting an escalation of 0.4% in comparison with the previous year. Thus, rise in the percent of geriatric population is anticipated to have a lucrative effect on the demand for spinal implants and surgical devices for treating the spinal disorders. But, high cost of treatment procedures, unstable reimbursement especially in developing countries, and strict regulations for approval of novel medical devices will hinder the growth of this market during the forecast period. Additionally, there are several other challenges pertaining to this market like dearth of physician education and patient awareness related to novel spine treatment procedures are also restricting the market growth.

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Major Table of Contents:

Chapter 1. Introduction

1.1.Report Description

1.2.Research Methodology

1.2.1. Secondary Research

1.2.2. Primary Research

Chapter 2. Executive Summary

2.1.Key Highlights

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Chapter 3. Market Overview

3.1.Introduction

3.1.1. Market Definition

3.1.2. Market Segmentation

3.2.Market Share Analysis

3.3.Market Dynamics

3.3.1. Drivers

3.3.1.1.Increasing Incidence of Spinal Disorders

3.3.1.2.Increasing Demand for Minimally Invasive Surgical Procedures

3.3.1.3.Technological Developments in Bone Grafting Products

3.3.2. Restraints

3.3.2.1.High Cost of Treatment Procedures

3.3.2.2.Stringent Product Approval Process Restraining Growth of Small Companies

3.3.3. Opportunities

3.3.3.1.Growth in the Number of Hospitals and Surgical Centers

3.4.Industry Trends

…Read Full Table of Contents

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