(PharmaNewsWire.Com, November 30, 2017 ) Most of the surgeries are not needed in spinal conditions/disorders however, there are times when they cannot be avoided. When that happens, these deformities are corrected using specially designed spinal instruments which strengthen and stabilize the spine and facilitate fusion. Stainless steel or titanium-alloy are generally used to make spinal implants. Sometimes non-metallic compounds are also used
Augmenting geriatric and obese population, technological advancements in spine surgery devices, rising incidence and prevalence of spinal disorders and growing demand for minimally invasive spine surgery are the primary factors driving the growth of this market. Cumbersome and stringent processes and regulatory frameworks in developed countries for the approval of product, uncertainty in reimbursement and high cost of treatment procedures are few of the inhibitors market growth. Further, secondary factors like, lack of patient awareness about the newly developed spine treatment procedures coupled with paucity of adequate physician education and government cost containment measures are also contributing to restrain the market growth.
The global Spinal Implants market Segmentation by technology, by product, by type of surgery and Region
1. Technology
• Fusion
• Fixation
• VCF
• Decompression
• Motion Preservation
2. Product
• Thoracic
• Lumbar
• Cervical
• Interbody
• Kyphoplasty
• Artificial Discs
• MIS
• Biologics
• Stimulators
3. Surgery Type
• Open Surgeries
• Minimally Invasive Surgeries
4. Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Major companies in the Spinal Implants 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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