Spinal Implants and Surgical Devices Market Size & Share 2019 Industry Demand, Growth, Opportunities, Top Key Players and Forecast to 2024 -…

The Spinal Implants and Surgical Devices Market research report 2019-2024 focuses on the major drivers, restraints, opportunities and threats for key players. It also provides granular analysis of market share, segmentation, revenue forecasts and regional analysis till 2024. The report has opinions from industry experts and offers an overview of the past years and the current market situation. Spinal Implants and Surgical Devices market report gives an overview of related market containing types, applications and top manufacturers with characteristics, technology and market chain with analysis and latest market trends and development.

Spinal Implants and Surgical Devices Market Report Covers the Following:

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Key Market Trends:

The Open Surgery Segment, under Type of Surgery, is Expected to Hold the Largest Market Share, during the Forecast Period

A lumbar laminectomy, also known as an open decompression, is being typically performed to alleviate the pain caused by neural impingement that can result from lumbar spinal stenosis. The open spine surgery approach is an old school practice, and during this surgery, the surgeon creates a large incision in the back. The surgeon then begins dissecting the spinal muscles to pull them away from the bones. They visualize the surgical area and use the instruments to begin cutting the material away, compressing the nerves of the spine. Once the surgery is over, they remove the surgical instruments and stitch up the incision. However, the average time a patient stays in the hospital after their open spine surgery is around three hours and includes 400-500 mL of blood loss, as compared to a minimally-invasive procedure that lasts around 75 minutes and has around 40-50 mL of blood loss. The open back surgery has historically been the standard to treat herniated discs, spinal stenosis, degenerative disc disease, foraminal stenosis, and other neck and back problems. The benchmark is created by some open surgeries among other procedures in the treatments, thus holding the maximum market share. On the other hand, minimally-invasive surgery has provided patients with a safer and effective alternative to traditional open spine surgery. Hence, owing to the presence of minimally-invasive procedures in the market, open surgeries are not being preferred in the present scenario.

North America accounted for the Largest Share in the Global Market

North America holds a major share for the spinal implants and surgical devices market and is expected to show a similar trend over the forecast period, without significant fluctuations. The growth in the United States is driven by technological advancement, elderly patients expecting a higher level of function, and reimbursement models that incentivize complex fusion surgery and has helped in driving the spinal implants and surgical devices market. The interbody fusions were the most commonly performed spinal procedures in the United States. Another leading type of spinal fusion in the United States is a cervical fixation. In 2017, 85.5% of cervical fixation procedures in the United States were estimated to be performed via an anterior approach. The posterior procedures have gained popularity in recent years, and are expected to increase more rapidly than anterior procedures. In 2017, Aesculab launched the lumbar artificial disc replacement, the activL Artificial Disc, which is now available at several hospitals. It is considered to be the next evolution of artificial discs, as it has an extra dimension of motion, which is not found in any other product in the market. With this latest generation disc available in the United States, spine surgeons believe they can cost-effectively provide artificial disc replacement to patients, making traveling overseas for surgery unnecessary. Hence, the aforementioned new advances have helped in the growth of the market.

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Spinal Implants and Surgical Devices Market Report Highlights:

Detailed TOC of Spinal Implants and Surgical Devices Market Report 2019-2024:

1 INTRODUCTION1.1 Study Deliverables1.2 Study Assumptions1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS4.1 Market Overview4.2 Market Drivers4.2.1 Increasing Incidence of Spinal Disorders4.2.2 Rising Demand for Minimally-invasive Surgeries4.2.3 Technological Advancements in Bone Grafting Products4.3 Market Restraints4.3.1 High Cost of the Procedures4.3.2 Stringent Regulatory Approval Procedure4.4 Porters Five Forces Analysis4.4.1 Threat of New Entrants4.4.2 Bargaining Power of Buyers/Consumers4.4.3 Bargaining Power of Suppliers4.4.4 Threat of Substitute Products4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION5.1 By Technology5.1.1 Spinal Fusion and Fixation Technologies5.1.2 Vertebral Compression Fracture Treatment5.1.3 Motion Preservation/Non-fusion Technologies5.1.4 Other Technologies5.2 By Product5.2.1 Thoracic Fusion and Lumbar Fusion Devices5.2.2 Cervical Fusion Devices5.2.3 Vertebral Compression Fracture Treatment Devices5.2.4 Spinal Biologics5.2.5 Non-fusion Devices5.2.6 Spine Bone Stimulators5.2.7 Other Products5.3 By Type of Surgery5.3.1 Open Surgery5.3.2 Minimally-invasive Surgery5.4 Geography5.4.1 North America5.4.1.1 US5.4.1.2 Canada5.4.1.3 Mexico5.4.2 Europe5.4.2.1 Germany5.4.2.2 UK5.4.2.3 France5.4.2.4 Italy5.4.2.5 Spain5.4.2.6 Rest of Europe5.4.3 Asia-Pacific5.4.3.1 China5.4.3.2 Japan5.4.3.3 India5.4.3.4 Australia5.4.3.5 South Korea5.4.3.6 Rest of Asia-Pacific5.4.4 Middle East & Africa5.4.4.1 GCC5.4.4.2 South Africa5.4.4.3 Rest of Middle East & Africa5.4.5 South America5.4.5.1 Brazil5.4.5.2 Argentina5.4.5.3 Argentina

6 COMPETITIVE LANDSCAPE6.1 Company Profiles6.1.1 Alphatec Spine Inc.6.1.2 Depuy Synthes (Johnson & Johnson)6.1.3 Globus Medical Inc.6.1.4 K2M Inc.6.1.5 Medtronic6.1.6 NuVasive Inc.6.1.7 Orthofix Holdings Inc.6.1.8 RTI Surgical Inc6.1.9 Stryker Corporation6.1.10 Zimmer Biomet

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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Spinal Implants and Surgical Devices Market Size & Share 2019 Industry Demand, Growth, Opportunities, Top Key Players and Forecast to 2024 -...