Spinal Fusion Devices Market Research Report to 2021 | Growing Rapidly with Modern Trends, Development Status, Investment Opportunities, Share,…

Spinal Fusion Devices Market is valued at USD 6.63 Billion in 2018 and expected to reach USD 9.39 Billion by 2025 with the CAGR of 3.42% over the forecast period.

Increasing the number of invasive surgeries related to injuries happened during accident or trauma cases as well as increasing the ageing population around the globe are some important factors driving the growth of spinal fusion devices market.

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Spinal fusion is a neurosurgical ororthopedic surgical techniquethat joins together two or morevertebrae which also known as spondylodesisorspondylosyndesis. The fusion process takes place at cervical, thoracic, or lumbar in the spine to prevent any movement between the fused vertebrae. There are many methods of spinal fusion treatment which involves with the help of bone grafting, allograft. In bone grafting, bone is joined either from patient or donor whereas in allografting, the artificial bone is inserted to help the bones heal together. In addition to this many hardwares like spinal wires, artificial ligaments, screws, plates, or cages, interbody spacers, hartshill rectangles to hold the bones in place while the graft fuses the two vertebrae together, as well as advanced technology robotics, CT scanners, radiography equipments, MR Imaging devices, navigation systems, and fluoroscopy are often used for this fusion process. The instrumentations used in spinal fusion surgery are designed to stabilize the bony elements of the spine as well as to reduce the incidence of adjacent vertebral segment degeneration during fusion. Commonly the spinal fusion is performed on cervical, thoracic and lumbar joint due to wear out of spinal cord and excessive pressure on nerves.

The global spinal fusion devices market is segmented on the basis product type, cervical fixation devices and thora-columbar devices, type of indication, the type of surgery, end-user and region. Based on product type the global spinal fusion devices market is segmented into cervical fixation devices, thora-columbar devices and interbody fusion devices. Based on cervical fixation devices and thora-columbar devices the spinal fusion devices market is segmented by anterior plates & screws, crosslinks, clamps, wires, hook fixation systems and others. Depending upon the type of indication, the market is segmented into degenerative disc disease, complex deformity, traumas & fractures and others. Depending on the type of surgery, the spinal fusion devices are segmented into open spine surgery and minimally invasive spine surgery. Depending upon the end-user, the market is segmented as specialty clinics, hospitals & ambulatory surgery centers and others.

The regions covered in global spinal fusion devices market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global Melanoma Drug Market sub divided in to U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Key players for global Spinal Fusion Devices services market reports

Global Spinal Fusion Devices Services Market reports cover prominent players like Medtronic, Zimmer Biomet Holdings, NuVasive, Inc., Orthofix International N.V., Globus Medical, Inc., DePuy Synthes, RTI Surgical, Inc, Stryker Corporation, K2M Group Holdings Inc., Alphatec Holdings, Inc. and many others.

Market Dynamics

Increasing the number of invasive surgeries related to injuries happened during accident or trauma cases as well as increasing the ageing population around the globe is some important factor driving the growth of spinal fusion devices market. According to the WHO, every year between 250 000 and 500 000 people across the world suffer from the spinal cord injury (SCI). The proportion of traumatic causes is up to 90%, an estimated annual global incidence is 40 to 80 cases per million populations whereas the non-traumatic spinal cord injury is also growing at potentially higher rate. However, the government strict rule and regulations regarding the approval of the new devices, inappropriate access to assistive devices which reduces functional limitations and dependency as well as required high skilled healthcare professionals and specialized knowledge medical care and rehabilitation services are responsible to hamper the growth of the spinal fusion devices market. According to WHO, improper access to the assistive devices has shown in the low and middle income countries only 5-15% of people access to the devices. Moreover growing prevalence of new technologically advanced devices like robotic surgery devices, 3D printed spinal devices, nanotechnology PEEK devices etc. for the treatment of back pain and spinal cord injuries has created huge opportunity for the growth of spinal fusion devices market during the forecast period. For instance in 2018, the Food and Drug Administration (FDA) of the U.S. had been cleared new surgeon inspired 3d printing device for lumbar fusion whereas recently in 2019, Spine Surgeons had been performed worlds first lumbar interbody fusion surgery with newly FDA cleared 3d printed Aries L type titanium spinal implant. Since then the FDA have been cleared many innovative devices for the spinal fusion procedure. In 2018, the treatment of thoraco-lumbar instabilities Eden Spines Sphynx plating system has been granted by FDA which was made of titanium and can be implanted via the antero-lateral approach.

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Spinal Fusion Devices Market Regional Analysis

North America is dominating the spinal fusion devices market with the potential rate due to presence of aging population and advanced technology devices like nanotech devices, 3D printing etc. For instance, on 18 July, 2018 the first nanotechnology device granted by FDA for spinal intervertebral fusion for polyetheretherketone (PEEK) spinal interbody fusion device with a PEEK plus nanotextured surface by Vallum Corporation in the U.S. country. According to the World Health Organization (WHO), America has more than 50% of the aging population estimated to about 1.2 million and is expected to rise up to 1.9 Million by 2030.

Europe is the second-largest region for dominating the growth of spinal fusion devices due to rise in the medical devices sale for the treatment of various diseases including back pain and other spinal related diseases. According to the European Commission, the economy has gained EURO 110 billion in sales of medical devices and provided around 675,000 jobs in Europe.

The Asia Pacific is expected to emerge as the fastest-growing regional market due to rapidly increasing the prevalence of road accident cases and rising geriatric population in this region. The growth for the spinal fusion devices market is more probable in the developing countries including India and China as huge population in this region contributing worlds 60% population according to the WHO in 2018 accounting for around4.54 billion people.

Key Benefits for Spinal Fusion Devices Market Reports

by Product Type

by Type of Surgery

by Type of Indication

by End-user

by Regional & Country Analysis

Table of Content

1.1. Research Process

1.2. Primary Research

1.3. Secondary Research

1.4. Market Size Estimates

1.5. Data Triangulation

1.6. Forecast Model

1.7. USPs of Report

1.8. Report Description

2.1. Market Introduction

2.2. Executive Summary

2.3. Global Spinal Fusion Devices Market Classification

2.4. Market Drivers

2.5. Market Restraints

2.6. Market Opportunity

2.7. Spinal Fusion Devices Market: Trends

2.8. Porters Five Forces Analysis

2.9. Market Attractiveness Analysis

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Spinal Fusion Devices Market Research Report to 2021 | Growing Rapidly with Modern Trends, Development Status, Investment Opportunities, Share,...