Spinal Implants and Surgical Devices Market

Spinal Implants and Surgical Devices Market worth $17.27 Billion by 2021

The report "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" The global spinal implants and surgical devices market is expected to reach $17.27 billion by 2021, growing at CAGR of 5.3% during the forecast period. Key factors such continuous advancements in spine surgery technologies, increasing incidence of spinal disorders, technological developments in bone grafting products, increasing demand for minimally invasive surgical procedures, rising geriatric and obese population are driving the growth of this market.

Browse 82 market data Tables and 51 Figures spread through 211 Pages and in-depth TOC on "Spinal Implants and Surgical Devices Market"
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Motion preservation/non-fusion technology segment to grow at fastest rate during the forecast period.

On the basis of technology, the global market of spinal implants 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.

The thoracic fusion and lumbar fusion devices segment commanded the largest share of the global spinal implants and spinal devices market, in 2016

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 thoracic fusion and lumbar fusion devices segment commanded the largest share of the global spinal implants and spinal devices market in 2016. The increasing incidences of spine degenerative diseases, rising preference for minimally invasive spine procedures, and technological innovation are the key factors driving the growth of the thoracic fusion and lumbar fusion market segment.

Asia Pacific regional segment is estimated to grow at fastest CAGR during the forecast period

As of 2016, North America held the largest share of the global spinal implants and surgical devices market, followed by Europe. However, Asia Pacific is estimated to grow at the highest CAGR from 2016 to 2021 owing to the increasing government healthcare expenditure, presence of a large patient population, and growing awareness about newly developed spine treatment techniques.

In the Asia-Pacific region, the spinal implants and surgical devices market in China is estimated to grow at the highest CAGR in the coming five years. Increasing government investments for the development of the country’s healthcare infrastructure are leading to growth in the number of healthcare service centers in China; thereby, rising the demand for spinal surgery devices in the country. In addition, increased government funding is also motivating private investors to make huge investments in China’s healthcare system. Moreover, presence of a large patient population, growing income levels, and rising prevalence of spinal disorders are fueling growth of the spinal implants and surgical devices market in China. Other Asian countries such as India, South Korea, and Taiwan are also expected to witness high growth in the forecast period, owing to the increasing government efforts to develop healthcare infrastructure, growing medical tourism, and rising patient and physician education and awareness about the newly developed spine treatment procedures and technologies.

The key players in the global spinal implants and surgical devices market are 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.)

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Report Code
MD 1173
PR Published ON
5/9/2019
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