Spinal Implants and Surgical Devices Market Report

Spinal Implants and Surgical Devices Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2014 To 2020

Format: PDF  |  Report ID: GVR1082

Increasing incidences of spinal deformities, increasing demand in minimally invasive surgeries coupled with increasing global geriatric population base is expected to drive spinal implants and surgery devices market in the forecast period. Spinal surgeries are prescribed for medical conditions such as spondylolisthesis, traumatic fracture, chronic degenerative disc disease, scoliosis and other spinal instability conditions. 

Spinal implants and surgical devices market is segmented in to two types on the basis of technology and products. Technology segment is further sub segmented in to fusion, non fusion, spinal decompression and vertebral compression fracture treatment procedures. Artificial disc are gaining popularity owing to increasing incidence rate of slipped discs and is thus expected to gain notable market share in coming six years. Spinal biologics segment includes allograft bones, bone substitutes, machined bones, bone morphogenic proteins and demineralized matrix. Products segment is classified in to rods, pedicle screws, plates, cages and hooks. Pedicle screws are specially designed and implanted into the pedicles of the vertebrae. They have been used conventionally in the lumbar spine but with recent technological advancements surgeons are now using them in the thoracic spine. The hook, rods and screws system helps surgeons to three dimensionally correct spinal deformities. The implants are helpful in facilitating fusion, but after a year they are required to be removed from the body. To overcome this, researchers are striving to develop bio absorbable implants. 

Geographically spinal implants and surgical devices market is studied with respect to four geographies as North America, Europe, Asia Pacific and RoW.  Asia pacific is expected to be most lucrative market owing to increasing patient awareness levels, increasing healthcare expenditure coupled with improving healthcare facilities in the emerging economies of India and China. North American market with the virtue of technological advancements and advanced healthcare facilities was the most mature market in 2013. European market followed North American market owing to increasing geriatric population base. 

The manufactures are entering in to strategic alliances in a probe to increase market penetration. Prominent players studied in the  spinal implants and surgical devices market include DePuy Spine, Medtronic, Stryker Corporation, Zimmer, Synthes, Pioneer Surgical, Globus Medical, NuVasive, Orthovita, Exactech, Biomet Spine, Orthofix International, Alphatec Spine, Integra Lifesciences and Amedica.

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