Spinal Implants Market | Competitive Intelligence 2013 to 2017 | Forecast 2018 to 2024
Spinal Implants Market report offers Market Size, Dynamics, Regional Market Share, Top Key Players, Latest trends, Growth factors, Industry Stats, Historic Market, Business Intelligence, Business Research Reports, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024
With rising appropriation of insignificant hazard spine surgeries, spinal inserts advertise foreseen to develop at critical rate over the conjecture time frame. Spinal inserts have favorable position over the open spine surgeries like generally safe of contamination, torment, muscle harm, negligible blood misfortune and quicker recuperation time, every one of these variables are prompting expanding number of patients embracing spinal embeds and driving business sector development for spinal embed. What's more, ascent in geriatric populace and innovative improvements in bone uniting items are anticipated to drive the development of spinal embed showcase over conjecture period. Be that as it may, stringent controls, absence of sufficient mindfulness about the new methodology among human services proficient and patients, and the high cost of systems are thwarting the spinal inserts advertise development.
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Spinal implants market has been segmented based on product type, surgery type, procedure type, and end-user
By product type, spinal implants market is segmented into
• Spinal Fusion
• Cervical Fusion
• Thoraco–Lumbar Fusion
• Vertebral Compression Fracture Treatment Devices
• Balloon Kyphoplasty Devices
• Vertebroplasty Devices
• Non-Fusion Implants
• Dynamic Stabilization devices
• Artificial Discs
• Annulus Repair Devices
• Nuclear Disc Prosthesis
By surgery, spinal implants market is segmented into
• Open Surgery
• Minimally Invasive Surgery
Based on end-user, spinal implants market is segmented into
• Hospitals
• Orthopedic Clinics
• Spine Centers
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Global spinal implants market is exhibiting steady growth with significant CAGR over the forecast period. Traditional spine surgery segment is dominated and accounted for the more share in spinal implants market. Rise in the preference for non-fusion procedures over the fusion procedures is one of the trends in spinal implants market. Government initiatives and technological developments in treatment and development of advanced spinal implants driving the spinal implants market revenue growth. For instance, the American Academy of Orthopedic Surgeons and North American Spine Foundation, both contribute towards the growth of spinal implants devices market through R&D funding and training programs for healthcare professionals globally.
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Geographically spinal implants market has been segmented into following regions viz. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America is dominating the spinal implants market followed by Europe. Europe spine implants market is estimated to be dominated by new product launches and mergers & acquisitions. In 2014, Zimmer Hold Inc. launched virage OCT spinal fixation system. Moreover, increase in geriatric population and number of accidents boosting market revenue growth of spinal impants market in Europe region. According to census statistics number of people having age above 65 in Germany, Italy, UK, France and Spain together were 61, 806, 92. Asia Pacific is expected to be fastest growing market due to expansion row in health coverage, the rapid increase in healthcare infrastructure and increased funding of government on health care.
Some of the players in spinal implants market are Zimmer Biomet (U.S.), Johnson & Johnson Services Inc (U.S.), Stryker Corporation (U.S.), Benvenue Medical, Inc. (U.S.), Becton, Dickinson and Company (CareFusion Corporation) (U.S.), Alphatec Holdings, Inc. (Alohatec Spine, Inc.) (U.S.), Medtronic Plc (U.S.), Orthofix Holdings, Inc. (U.S.), and Globus Medical Inc. (U.S.) to name some few.
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