(PharmaNewsWire.Com, March 13, 2018 ) The Global Spinal Fusion Market: By Type (Cervical Fixation Device, Interbody Fusion Device, Thoracolumbar Devices) By Surgery (Minimally Invasive Spine Surgery, Open Spine Surgery) By End User (Orthopaedic Clinics, Multispecialty Hospitals, Neurology Clinics, Others) By Geography (Latin America, North America, Asia Pacific, The Middle East and Africa and Europe) – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023
Market Dynamics: Global Spinal Fusion Market
Growing prevalence of various pathological conditions like spondylolisthesis, scoliosis, spinal stenosis, spinal fractures, and kyphosis coupled with rise in demand for minimally invasive surgeries are expected to accelerate the market growth of spinal fusion market. Furthermore, growing technological advancements, wide number of benefits offered by spinal fusion procedure, less duration of hospital stay are anticipated to attract demand for spinal fusion market. As per Tohoku Journal of Experimental Medicine, 2016, Japan is accounted for around 23.1% of geriatric people. In accordance with British Editorial Society of Bone and Joint Surgery around 52 % of total spine fusion procedures were performed and lumbar and cervical fusion procedures were increasing rapidly. However, lack of awareness, high cost associated with the treatment is expected to hamper the growth of the spinal fusion market.
Market Scope: Global Spinal Fusion Market The Global Spinal Fusion Market is classified on the basis of product, surgery, end user, and geographical regions. Based on the product, ThisMarket is segmented as • Cervical Fixation Device • Interbody Fusion Device • Thoracolumbar Devices Based on the surgery, This Market is segmented as • Minimally Invasive Spine Surgery • Open Spine Surgery Based on the End-User, This Market is segmented as • Orthopaedic Clinics • Multispecialty Hospitals • Neurology Clinics • Others
Regional Analysis: Global Spinal Fusion Market Global Spinal Fusion Market is segmented as Latin America, North America, Asia Pacific, The Middle East and Africa and Europe. North America holds largest revenue share in global spinal fusion market followed by Europe due to strict healthcare reforms, highly developed healthcare infrastructure, favourable government policies. Asia Pacific is also expected to show a significant growth owing to increase in adoption of technological advancements, growing geriatric population pool, rise in awareness among the people.
Market Participants: Global Spinal Fusion Market Some of the players in Global Spinal Fusion Market • Braun Melsungen AG (Germany) • Alphatec Holdings, Inc.(U.S.) • Globus Medical, Inc. (U.S.) • Exactech, Inc. (U.S.) • Medtronic plc. (U.S.) • Stryker Corporation(U.S.) • Zimmer Biomet Holdings, Inc. (U.S.) • Depuy Synthes (U.S.)
Notable Market Developments: Global Spinal Fusion Market • In February 2016, Wenzel Spine, Inc., received U.S. FDA clearance for its VariLift LX an interbody fusion device used in lumbar spine.
Key Features of the Report: • The report provides granular level information about the market size, regional market share, historic market (2012-2016) and forecast (2017-2023) • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market • The report tracks recent innovations, key developments and startup’s details that are actively working in the market • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market
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