GVR Report cover Spinal Implants And Surgical Devices Market Size, Share & Trends Report

Spinal Implants And Surgical Devices Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

  • Historical Data: ---
  • Forecast Period: 1 - 2025 
  • Industry: Healthcare

The global spinal implants and surgical devices market is anticipated to register growth over the forecast period. Increasing incidences of spinal deformities, increasing demand in minimally invasive surgeries coupled with increasing global geriatric population base is expected to drive the market. 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 into two types on the basis of technology and products. Technology segment is further sub segmented into fusion, non fusion, spinal decompression, and vertebral compression fracture treatment procedures. Artificial disc is gaining popularity owing to increasing incidence rate of slipped discs and is thus expected to gain a 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 into 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 the increasing geriatric population base. 

The manufactures are entering into 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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