HOME Top Market Reports Spinal Implants and Surgical Devices Market by Technology (Fusion, Fixation, VCF, Decompression, Motion Preservation), Product (Thoracic, Lumbar, Cervical, Interbody, Kyphoplasty, Artificial Discs, MIS, Biologics, Stimulators) - Global Forecast to 2021

Spinal Implants and Surgical Devices Market by Technology (Fusion, Fixation, VCF, Decompression, Motion Preservation), Product (Thoracic, Lumbar, Cervical, Interbody, Kyphoplasty, Artificial Discs, MIS, Biologics, Stimulators) - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: November 2016
Report Code: MD 1173

 

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The global spinal implants market is estimated to reach 17.27 Billion by 2021, at a CAGR of 5.3% in during the forecast period. Technological advancements in spine surgery devices, and increasing aging and obese population with increasing number of spine deformities, and rising demand for minimally invasive spine surgery procedures are the key factors fueling the growth of the spinal implants market. Moreover, the emerging Asian and Latin American countries, growth in the number of hospitals and surgical centers, and commercial applications in high growth areas such as MIS, nucleus arthroplasty, artificial disc replacement, and stem cell technologies are expected to offer growth opportunities for players operating in the global market. However, the stringent product approval process, uncertainty in reimbursement, and high cost of treatment procedures are some of the prime factors restraining the growth of this market. Furthermore, lack of adequate physician and patient awareness/education about newly developed treatment procedures and technologies and high pricing pressure on market players are other factors hampering the market growth.

Emerging markets, including China and India are attractive markets for companies engaged in the development and distribution of spinal implants and surgical devices. Rising government healthcare expenditure, growing income levels, presence of a large patient population, and rising obesity cases are some of the key factors propelling the demand for spinal implants and surgical devices in these emerging nations. Hence, players are expanding their presence in these countries in order to leverage the high growth opportunities.

As of 2015, Medtronic, plc (Ireland) held the leadership position in the global spinal implants market. Over the past three years, the company adopted product innovation and new product launches as its key business strategy to develop new and advanced spinal implants and spinal devices, strengthen their product portfolios, and address the unmet needs of the end users for spine surgeries. DePuy Synthes (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), RTI Surgical, Inc. (U.S.) are some of the other key players in this market.

Target Audience

  • Spine Surgery Devices Manufacturing Companies
  • Distributors and Suppliers of Spine Surgery Devices
  • Healthcare Institutions (Hospitals and Outpatient Clinics)
  • Research Institutions
  • Research and Consulting Firms
  • Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs)

To know about the assumptions considered for the study, download the pdf brochure

Scope of the Report

This research report categorizes the spinal implants market into the following segments:

Global Spinal Implants Market, by Technology

  • Spinal Fusion and Fixation Technologies
  • Vertebral Compression Fracture Treatment
  • Motion Preservation/Non-fusion Technologies
  • Spinal Decompression

Global Spinal Implants Market, by Product

  • Thoracic Fusion and Lumbar Fusion Devices
    • Anterior Thoracic and Lumbar Fusion Devices
    • Posterior Thoracic and Lumbar Fusion Devices
    • Interbody Thoracic and Lumbar Fusion Devices
      • By Approach
        • Anterior Lumbar Interbody Fusion Devices
        • Posterior Lumbar Interbody Fusion Devices
        • Transforaminal Lumbar Interbody Fusion Devices
        • Axial Lumbar Interbody Fusion Devices
      • By Material
        • Non-bone Interbody Fusion Devices
        • Bone Interbody Fusion Devices
  • Cervical Fusion Devices
    • Anterior Cervical Fusion Devices
      • Anterior Cervical Plates
      • Anterior Cervical Screw Systems
      • Cervical Interbody Fusion Devices
    • Posterior Cervical Fusion Devices
      • Posterior Cervical Plates
      • Posterior Cervical Rods
      • Posterior Cervical Screws
  • Spine Biologics
    • Demineralized Bone Matrix
    • Bone Morphogenetic Proteins
    • Bone Substitutes
    • Machined Bones
    • Cell-based Matrices
    • Allografts
  • Vertebral Compression Fracture Treatment Devices
    • Balloon Kyphoplasty Devices
    • Vertebroplasty Devices
  • Non-fusion Devices
    • Dynamic Stabilization Devices
      • Interspinous Process Spacers
      • Pedicle-based Dynamic Rod Devices
      • Facet Replacement Products
    • Artificial Discs
      • Artificial Cervical Discs
      • Artificial Lumbar Discs
    • Annulus Repair Devices
    • Nuclear Disc Prostheses
  • Spine Bone Stimulators
    • Non-invasive
      • Pulsed Electromagnetic Field Devices
      • Capacitive Coupling (CC) and Combined (Electro) Magnetic Field (CMF) Devices
    • Invasive
  • Spinal Decompression Devices
    • Discectomy
    • Laminoplasty, Laminotomy, and Laminectomy
    • Foraminotomy and Foraminectomy
    • Facetectomy
    • Corpectomy

Global Spinal Implants Market, by Type of Surgery

  • Open Surgery
  • Minimally Invasive Surgery

Global Spinal Implants Market, by Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the global spinal implants market report:

Product Analysis

  • Product Matrix, which gives a detailed comparison of the product portfolios of the top five companies in the spinal implants market

Geographical Analysis

  • Further breakdown of the North American spinal implants market into the U.S. and Canada

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Spinal Implants Market Definition
    1.3 Spinal Implants Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of Primaries
                    2.1.2.2 Key Data From Primary Sources
                    2.1.2.3 Key Industry Insights
    2.2 Spinal Implants Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Spinal Implants Market Breakdown and Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 30)
    3.1 Introduction
    3.2 Conclusion

4 Premium Insights (Page No. - 35)
    4.1 Spinal Implants Market Overview
    4.2 Spinal Implants Market, By Product and Region, 2016
    4.3 Spinal Implants Market, By Technology and Region, 2016 (USD Million)
    4.4 Spinal Implants Market, By Type of Surgery and Region, 2016 (USD Million)

5 Market Overview (Page No. - 39)
    5.1 Introduction
    5.2 Spinal Implants Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Continuous Advancements in Spine Surgery Technologies
                    5.2.1.2 Increasing Incidence of Spinal Disorders
                    5.2.1.3 Technological Developments in Bone Grafting Products
                    5.2.1.4 Increasing Demand for Minimally Invasive Surgical Procedures
                    5.2.1.5 Rising Geriatric and Obese Population
           5.2.2 Restraints
                    5.2.2.1 Stringent Product Approval Process Restraining Growth of Small Companies
                    5.2.2.2 High Cost of Treatment Procedures
           5.2.3 Opportunities
                    5.2.3.1 Emerging Asian and Latin American Countries to Offer High Growth Opportunities
                    5.2.3.2 Growth in the Number of Hospitals and Surgical Centers
                    5.2.3.3 Commercial Applications in High-Growth Areas Such as Mis, Nucleus Arthroplasty, Artificial Disc Replacement, and Stem Cell Technology
           5.2.4 Challenges
                    5.2.4.1 Lack of Adequate Physician and Patient Awareness/Education
                    5.2.4.2 High Price Pressure on Market Players
                    5.2.4.3 Uncertainties in Reimbursement

6 Industry Trends (Page No. - 49)
    6.1 Introduction
    6.2 Supply Chain Analysis
    6.3 Industry Trends
           6.3.1 Focus of Market Players Towards the Development of Advanced Minimally Invasive Spine Surgery Devices
           6.3.2 Consolidation of the Spinal Implants Market
    6.4 Porter’s Five Forces Analysis
           6.4.1 Threat From New Entrants
           6.4.2 Threat of Substitutes
           6.4.3 Bargaining Power of Suppliers
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Competitive Rivalry

7 Spinal Implants Market, By Technology (Page No. - 55)
    7.1 Introduction
    7.2 Spinal Fusion and Fixation Technologies
    7.3 Vertebral Compression Fracture Treatment
    7.4 Motion Preservation/Non-Fusion Technologies
    7.5 Spinal Decompression

8 Spinal Implants Market, By Product (Page No. - 63)
    8.1 Introduction
    8.2 Thoracic Fusion and Lumbar Fusion Devices
           8.2.1 Posterior Thoracic Fusion and Lumbar Fusion Devices
           8.2.2 Interbody Thoracic Fusion and Lumbar Fusion Devices
                    8.2.2.1 By Approach
                               8.2.2.1.1 Anterior Lumbar Interbody Fusion Devices
                               8.2.2.1.2 Posterior Lumbar Interbody Fusion Devices
                               8.2.2.1.3 Transforaminal Lumbar Interbody Fusion Devices
                               8.2.2.1.4 Axial Lumbar Interbody Fusion Devices
                    8.2.2.2 By Material
                               8.2.2.2.1 Non-Bone Interbody Fusion Devices
                               8.2.2.2.2 Bone Interbody Fusion Devices
           8.2.3 Anterior Thoracic Fusion and Lumbar Fusion Devices
    8.3 Cervical Fusion Devices
                    8.3.1.1 Anterior Cervical Fusion
                               8.3.1.1.1 Anterior Cervical Plates
                               8.3.1.1.2 Cervical Interbody Fusion Devices
                               8.3.1.1.3 Anterior Cervical Screw Systems
                    8.3.1.2 Posterior Cervical Fusion
                               8.3.1.2.1 Posterior Cervical Plates
                               8.3.1.2.2 Posterior Cervical Screws
                               8.3.1.2.3 Posterior Cervical Rods
    8.4 Spine Biologics
           8.4.1 Demineralized Bone Matrix
           8.4.2 Bone Morphogenetic Proteins
           8.4.3 Bone Substitutes
           8.4.4 Machined Bones
           8.4.5 Cell-Based Matrices
           8.4.6 Allografts
    8.5 Vcf Treatment Devices
           8.5.1 Balloon Kyphoplasty Devices
           8.5.2 Vertebroplasty Devices
    8.6 Spinal Decompression
           8.6.1 Discectomy
           8.6.2 Laminoplasty, Laminectomy, and Laminotomy
           8.6.3 Foraminotomy and Foraminectomy
           8.6.4 Facetectomy
           8.6.5 Corpectomy
    8.7 Non-Fusion Devices
           8.7.1 Dynamic Stabilization Devices
                    8.7.1.1 Interspinous Process Spacers
                    8.7.1.2 Pedicle-Based Dynamic Rod Devices
                    8.7.1.3 Facet Replacement Products
           8.7.2 Artificial Discs
                    8.7.2.1 Artificial Cervical Discs
                    8.7.2.2 Artificial Lumbar Discs
           8.7.3 Annulus Repair Devices
           8.7.4 Nuclear Disc Prostheses
    8.8 Spine Bone Stimulators
           8.8.1 Non-Invasive Spine Bone Stimulators
                    8.8.1.1 Pulsed Electromagnetic Field Devices
                    8.8.1.2 Cc and Cmf Devices
           8.8.2 Invasive Spine Bone Stimulators

9 Spinal Implants Market, By Type of Surgery (Page No. - 116)
    9.1 Introduction
    9.2 Open Surgeries
    9.3 Minimally Invasive Surgeries

10 Spinal Implants Market, By Region (Page No. - 120)
     10.1 Introduction
     10.2 North America
     10.3 Europe
     10.4 Asia-Pacific
     10.5 Rest of the World

11 Competitive Landscape (Page No. - 138)
     11.1 Overview
     11.2 Market Share Analysis
     11.3 Competitive Situation and Trends
             11.3.1 Product Launches, Enhancements, and Approvals
             11.3.2 Agreements, Partnerships, and Collaborations
             11.3.3 Mergers and Acquisitions
             11.3.4 Other Developments

12 Company Profiles (Page No. - 147)
(Overview, Products and Services, Financials, Strategy & Development)*
     12.1 Introduction
     12.2 Medtronic PLC
     12.3 Depuy Synthes (A Subsidiary of Johnson & Johnson)
     12.4 Nuvasive, Inc.
     12.5 Stryker Corporation
     12.6 Zimmer Biomet Holdings, Inc.
     12.7 Globus Medical, Inc.
     12.8 Alphatec Spine Inc.
     12.9 Orthofix International N.V.
     12.10 K2M Group Holdings, Inc.
     12.11 RTI Surgical, Inc.

*Details on Overview, Products and Services, Financials, Strategy & Development Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 190)
     13.1 Discussion Guide
     13.2 Additional Company Developments (2013-2016)
             13.2.1 Medtronic, PLC
             13.2.2 Depuy Synthes
             13.2.3 Nuvasive, Inc.
             13.2.4 Zimmer Biomet Holdings, Inc.
             13.2.5 Stryker Corporation
             13.2.6 Globus Medical, Inc.
             13.2.7 Alphatec Holdings, Inc.
             13.2.8 K2M Group Holdings, Inc.
             13.2.9 RTI Surgical, Inc.
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (82 Tables)

Table 1 Global Spinal Implants Market Size, By Technology, 2014–2021 (USD Million)
Table 2 Spinal Fusion and Fixation Technologies Market Size, By Region, 2014–2021 (USD Million)
Table 3 Vertebral Compression Fracture Treatment Technologies Market Size, By Region, 2014–2021 (USD Million)
Table 4 Motion Preservation/Non-Fusion Technologies Market Size, By Region, 2014–2021 (USD Million)
Table 5 Spinal Decompression Devices Market Size, By Region, 2014–2021 (USD Million)
Table 6 Global Spinal Implants Market Size, By Product, 2014–2021 (USD Million)
Table 7 Global Thoracic Fusion & Lumbar Fusion Devices Market Size, By Type, 2014–2021 (USD Million)
Table 8 Thoracic Fusion & Lumbar Fusion Devices Market Size, By Region, 2014–2021 (USD Million)
Table 9 Posterior Thoracic Fusion and Lumbar Fusion Devices Market Size, By Region, 2014–2021 (USD Million)
Table 10 Interbody Thoracic Fusion and Lumbar Fusion Devices Market Size, By Region, 2014–2021 (USD Million)
Table 11 Global Interbody Thoracic Fusion and Lumbar Fusion Devices Market Size, By Approach, 2014–2021 (USD Million)
Table 12 Global Interbody Thoracic Fusion and Lumbar Fusion Devices Market Size, By Material, 2014–2021 (USD Million)
Table 13 Anterior Thoracic Fusion and Lumbar Fusion Devices Market Size, By Region, 2014–2021 (USD Million)
Table 14 Global Cervical Fusion Devices Market Size, By Type, 2014–2021 (USD Million)
Table 15 Cervical Fusion Devices Market Size, By Region, 2014–2021 (USD Million)
Table 16 Global Anterior Cervical Fusion Devices Market Size, By Type, 2014–2021 (USD Million)
Table 17 Anterior Cervical Fusion Devices Market Size, By Region, 2014–2021 (USD Million)
Table 18 Anterior Cervical Plates Market Size, By Region, 2014–2021 (USD Million)
Table 19 Cervical Interbody Fusion Devices Market Size, By Region, 2014–2021 (USD Million)
Table 20 Anterior Cervical Screw Systems Market Size, By Region, 2014–2021 (USD Million)
Table 21 Global Posterior Cervical Fusion Devices Market Size, By Type, 2014–2021 (USD Million)
Table 22 Posterior Cervical Fusion Devices Market Size, By Region, 2014–2021 (USD Million)
Table 23 Posterior Cervical Plates Market Size, By Region, 2014–2021 (USD Million)
Table 24 Posterior Cervical Screws Market Size, By Region, 2014–2021 (USD Million)
Table 25 Posterior Cervical Rods Market Size, By Region, 2014–2021 (USD Million)
Table 26 Global Spine Biologics Market Size, By Type, 2014–2021 (USD Million)
Table 27 Spine Biologics Market Size, By Region, 2014–2021 (USD Million)
Table 28 Demineralized Bone Matrix Market Size, By Region, 2014–2021 (USD Million)
Table 29 Bone Morphogenetic Proteins Market Size, By Region, 2014–2021 (USD Million)
Table 30 Bone Substitutes Market Size, By Region, 2014–2021 (USD Million)
Table 31 Machined Bones Market Size, By Region, 2014–2021 (USD Million)
Table 32 Cell-Based Matrices Market Size, By Region, 2014–2021 (USD Million)
Table 33 Allografts Market Size, By Region, 2014–2021 (USD Million)
Table 34 Global Vertebral Compression Fracture Treatment Devices Market Size, By Type, 2014–2021 (USD Million)
Table 35 Vertebral Compression Fracture Treatment Devices Market Size, By Region, 2014–2021 (USD Million)
Table 36 Balloon Kyphoplasty Devices Market Size, By Region, 2014–2021 (USD Million)
Table 37 Vertebroplasty Devices Market Size, By Region, 2014–2021 (USD Million)
Table 38 Global Spinal Decompression Devices Market Size, By Procedure, 2014–2021 (USD Million)
Table 39 Spinal Decompression Devices Market Size, By Region, 2014–2021 (USD Million)
Table 40 Spinal Decompression Devices Market Size for Discectomy, By Region, 2014–2021 (USD Million)
Table 41 Spinal Decompression Devices Market Size for Laminoplasty, Laminectomy, and Laminotomy, By Region, 2014–2021 (USD Million)
Table 42 Spinal Decompression Devices Market Size for Foraminotomy and Foraminectomy, By Region, 2014–2021 (USD Million)
Table 43 Spinal Decompression Devices Market Size for Facetectomy, By Region, 2014–2021 (USD Million)
Table 44 Spinal Decompression Devices Market Size for Corpectomy, By Region, 2014–2021 (USD Million)
Table 45 Global Non-Fusion Treatment Devices Market Size, By Type, 2014–2021 (USD Million)
Table 46 Non-Fusion Treatment Devices Market Size, By Region, 2014–2021 (USD Million)
Table 47 Global Dynamic Stabilization Devices Market Size, By Type, 2014–2021 (USD Million)
Table 48 Dynamic Stabilization Devices Market Size, By Region, 2014–2021 (USD Million)
Table 49 Interspinous Process Spacers Market Size, By Region, 2014–2021 (USD Million)
Table 50 Pedicle-Based Dynamic Rod Devices Market Size, By Region, 2016–2021 (USD Million)
Table 51 Facet Replacement Products Market Size, By Region, 2014–2021 (USD Million)
Table 52 Global Artificial Discs Market Size, By Type, 2014–2021 (USD Million)
Table 53 Artificial Discs Market Size, By Region, 2014–2021 (USD Million)
Table 54 Artificial Cervical Discs Market Size, By Region, 2016–2021 (USD Million)
Table 55 Artificial Lumbar Discs Market Size, By Region, 2014–2021 (USD Million)
Table 56 Annulus Repair Devices Market Size, By Region, 2014–2021 (USD Million)
Table 57 Nuclear Disc Prostheses Market Size, By Region, 2014–2021 (USD Million)
Table 58 Global Spine Bone Stimulators Market Size, By Type, 2014–2021 (USD Million)
Table 59 Spine Bone Stimulators Market Size, By Region, 2014–2021 (USD Million)
Table 60 Global Non-Invasive Spine Bone Stimulators Market Size, By Type, 2014–2021 (USD Million)
Table 61 Non-Invasive Spine Bone Stimulators Market Size, By Region, 2014–2021 (USD Million)
Table 62 Invasive Spine Bone Stimulators Market Size, By Region, 2014–2021 (USD Million)
Table 63 Global Spinal Implants Market Size, By Type of Surgery, 2014–2021 (USD Million)
Table 64 Spinal Implants Market Size for Open Surgical Procedures, By Region, 2014–2021 (USD Million)
Table 65 Spinal Implants Market Size for Minimally Invasive Surgical Procedures, By Region, 2014–2021 (USD Million)
Table 66 Spinal Implants Market Size, By Region, 2014–2021 (USD Million)
Table 67 North America: Spinal Implants Market Size, By Product, 2014–2021 (USD Million)
Table 68 North America: Spinal Implants Market Size, By Technology, 2014–2021 (USD Million)
Table 69 North America: Spinal Implants Market Size, By Type of Surgery, 2014–2021 (USD Million)
Table 70 Europe: Spinal Implants Market Size, By Product, 2014–2021 (USD Million)
Table 71 Europe: Spinal Implants Market Size, By Technology, 2014–2021 (USD Million)
Table 72 Europe: Spinal Implants Market Size, By Type of Surgery, 2014–2021 (USD Million)
Table 73 Asia-Pacific: Spinal Implants Market Size, By Product, 2014–2021 (USD Million)
Table 74 Asia-Pacific: Spinal Implants Market Size, By Technology, 2014–2021 (USD Million)
Table 75 Asia-Pacific: Spinal Implants Market Size, By Type of Surgery, 2014–2021 (USD Million)
Table 76 Rest of the World: Spinal Implants Market Size, By Product, 2014–2021 (USD Million)
Table 77 Rest of the World: Spinal Implants Market Size, By Technology, 2014–2021 (USD Million)
Table 78 Rest of the World: Spinal Implants Market Size, By Type of Surgery, 2014–2021 (USD Million)
Table 79 Top 5 Product Launches, Enhancements, and Approvals, 2013–2016
Table 80 Top 5 Agreements, Partnerships, and Collaborations, 2013–2016
Table 81 Top 5 Mergers and Acquisitions, 2013–2016
Table 82 Top 5 Other Developments, 2013–2016


List of Figures (51 Figures)

Figure 1 Research Design
Figure 2 Breakdown of Supply-Side Primary Interviews: By Company Type, Designation, and Region
Figure 3 Spinal Implants Market: Bottom Up Approach
Figure 4 Spinal Implants Market: Top-Down Approach
Figure 5 Spinal Implants Market: Data Triangulation
Figure 6 Global Spinal Implants Market, By Technology, 2016 vs 2021
Figure 7 Global Spinal Implants Market, By Product, 2016 vs 2021
Figure 8 Global Spinal Implants Market, By Region, 2016
Figure 9 Emerging Asian and Latin American Countries Offer High-Growth Opportunities for Players in the Spinal Implants Market Between 2016 to 2021
Figure 10 Thoracic Fusion & Lumbar Fusion Devices to Dominate the Global Spinal Implants Market in 2016
Figure 11 Spinal Fusion and Fixation Technologies to Dominate the Global Spinal Implants Market in All Regional Segments in 2016
Figure 12 Open Surgeries to Dominate the Global Spinal Implants Market in All Regional Segments in 2016
Figure 13 Spinal Implants Market: Drivers, Restraints, Opportunities, and Challenges
Figure 14 Prominent Market Players Prefer Both Direct & Indirect Distribution Strategies
Figure 15 Porter’s Five Forces Analysis (2015)
Figure 16 Spinal Fusion and Fixation Technologies Segment Estimated to Dominate Spinal Implants Market in 2016
Figure 17 Non-Fusion Treatment Devices Segment Expected to Grow at the Highest CAGR Between 2016 to 2021
Figure 18 Thoracic Fusion & Lumbar Fusion Devices Market Share, By Type, 2016 vs 2021
Figure 19 Axial Lumbar Interbody Fusion Devices to Witness Highest Growth During the Forecast Period
Figure 20 Interbody Thoracic Fusion and Lumbar Fusion Devices Market Share, By Material, 2016 vs 2021
Figure 21 Cervical Fusion Devices Market Share, By Type, 2016 vs 2021
Figure 22 Anterior Cervical Plates Hold the Largest Share of the Cervical Fusion Devices Market in 2016
Figure 23 Plates Hold the Largest Share of the Posterior Cervical Fusion Devices Market, By Type, in 2016
Figure 24 DBM Segment Estimated to Account for the Largest Share of the Spinal Biologics Market in 2016
Figure 25 Vertebral Compression Fracture Treatment Devices Market Share, By Type, 2016 vs 2021
Figure 26 Laminoplasty, Laminotomy, & Laminectomy Segment to Witness the Highest Growth During the Forecast Period
Figure 27 Artificial Discs, the Fastest-Growing Segment of the Non-Fusion Treatment Devices Market During the Forecast Period
Figure 28 Dynamic Stabilization Devices Market Share, By Type, 2016 vs 2021
Figure 29 Artificial Discs Market Share, By Type, 2016 vs 2021
Figure 30 Spine Bone Stimulators Market Share, By Type, 2016 vs 2021
Figure 31 Non-Invasive Spine Bone Stimulators Market Share, By Type, 2016 vs 2021
Figure 32 Spinal Implants Market Size, By Type of Surgery, 2016 vs 2021
Figure 33 Asia-Pacific and RoW Markets Offer High Growth Potential
Figure 34 North America: Spinal Implants Market Snapshot
Figure 35 Europe: Spinal Implants Market Snapshot
Figure 36 Asia-Pacific: Spinal Implants Market Snapshot
Figure 37 Rest of the World: Spinal Implants Market Snapshot
Figure 38 Leading Market Players Adopted Product Launch as Their Key Growth Strategy Over the Last Three Years (2013–2016)
Figure 39 Global Spinal Implants Market Share, By Key Player, 2015
Figure 40 Battle for Market Share: Product Launches, Enhancements, and Approvals–Key Growth Strategy Pursued By Players Between 2013 & 2016
Figure 41 Geographic Revenue Mix of the Top 5 Market Players
Figure 42 Company Snapshot: Medtronic PLC
Figure 43 Company Snapshot: Johnson & Johnson
Figure 44 Company Snapshot: Nuvasive, Inc.
Figure 45 Company Snapshot: Stryker Corporation
Figure 46 Company Snapshot: Zimmer Biomet Holdings, Inc.
Figure 47 Company Snapshot: Globus Medical, Inc.
Figure 48 Company Snapshot: Alphatec Holdings, Inc.
Figure 49 Company Snapshot: Orthofix International N.V.
Figure 50 Company Snapshot: K2M Group Holdings, Inc.
Figure 51 Company Snapshot: RTI Surgical, Inc.

The global spinal implants market is estimated to reach 17.27 Billion by 2021, at a CAGR of 5.3% from 2016 to 2021. A number of factors such as technological advancements in spine surgery devices, increasing aging and obese population along with the rising incidence and prevalence of spinal disorders, and rising demand for minimally invasive spine surgery are propelling the growth of the global spinal implants market. However, stringent product approval process, especially in developed countries, high cost of treatment procedures, and uncertainty in reimbursement are some of the major factors restraining the growth of this market. In addition to this, challenges associated with this market such as lack of adequate physician education and patient awareness about the newly developed spine treatment procedures and government cost containment measures are also limiting the demand for spinal implants and devices.

On the basis of technology, the global spinal implants market is segmented into three categories, namely, spinal fusion and fixation, vertebral compression fracture treatment, spinal decompression, and motion preservation/non-fusion technologies. The motion preservation/non-fusion segment is expected to grow at the highest CAGR in the next five years, owing to the development of technologically advanced non-fusion devices and rising demand for minimally invasive surgical procedures among patients. The spinal fusion and fixation technology segment has been further divided into two categories, namely, fusion and fixation. The motion preservation/non-fusion technologies segment is further categorized into dynamic stabilization, artificial disc replacement, annulus repair, and disc nucleus replacement.

Based on the type of product, the spinal implants market is classified into seven segments, namely, thoracic fusion and lumbar fusion devices, cervical fusion devices, spine biologics, vertebral compression fracture treatment devices, non-fusion treatment devices, spinal decompression devices, and spine bone stimulators. The market has also been classified into open surgery and minimally invasive surgery, based on the type of surgery.

On the basis of geography, this market is classified into four regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World. In 2016, the global spinal implants market is estimated to be dominated by North America. A number of factors such as high awareness about the newly developed treatment technologies, well-established healthcare infrastructure, increasing incidences of spinal disorders, growth in the aging and obese population, and rising government funding to support R&D of innovative spine treatment devices are driving the growth of the spinal implants market in the North American region. The Asia-Pacific market is expected to grow at the highest CAGR from 2016 to 2021. This is primarily due to the growing income levels, increasing government healthcare expenditure, presence of a large patient population, rising obesity cases, growing awareness about newly developed spine treatment techniques, and increasing investments by global market players in the emerging nations from Asia-Pacific region.

Spinal Implants and Surgical Devices Market

New product launches and product enhancements is the key growth strategy adopted by major players to sustain their positions in the global spinal implants market. Moreover, strategies such as partnerships, agreements, and collaborations; and acquisitions were also adopted by a significant number of market players to strengthen their product portfolios and expand their geographic presence in the market.

Medtronic, plc (Ireland), DePuy Synthes (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), and RTI Surgical, Inc. (U.S.) are some of the key players operating in the global spinal implants market

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