The global spinal nonfusion technologies market is anticipated to exhibit significant market growth over the forecast period as a consequence of increasing incidences of spinal disorders such as degenerative disc disease, spinal stenosis, and degenerative spondylolisthesis. Additionally, rising preference for minimally invasive procedures amongst population base, surgeon acceptance, and technological advancements are also high impact rendering drivers of the market. Sequentially, the rising geriatric population having age-related degenerative spine changes and increasing lifestyle associated habits including obesity and a sedentary lifestyle. Disadvantages related to spinal fusion technologies such as delayed recovery and subsequent back surgeries also expected to induce the demand for spinal nonfusion technologies over the next seven years.
Technological advancements, which include the incorporation of artificial discs, annulus repair devices, posterior stabilization devices, and motion sparing technologies that are expected to fuel the demand for the market further. Moreover, upcoming innovative technologies include the Vertical Expandable Prosthetic Titanium Rib (VEPTR) and pedicle screw tethering boosts the growth of the spinal nonfusion technologies market. These technologies are used in integration with spinal physiology and biomechanics consequentially resulting in benefits such as reduced surgical morbidity, faster recovery rate, and greater flexibility are anticipated to upsurge demand for the market. Furthermore, decreased need for instrumentation such as plates & screws and fewer post-operative complications, less muscle damage, and short hospital stay anticipated to propel the market growth over the next seven years.
The global spinal nonfusion technologies market is segmented on the basis of product into dynamic stabilization devices, disc nucleus replacement products, annulus repair devices nuclear disc prostheses, disc arthroplasty devices, and nuclear arthroplasty devices. Dynamic stabilization devices are further segregated into facet replacement products, interspinous process spacers, and pedicle screw-based systems. Artificial discs are further divided into lumbar discs and cervical discs. As of 2014, dynamic stabilization devices held the largest share owing to the absence of post-operative spinal flexibility associated with fusion technologies. This is attributed to rigid spinal implants used in fusion technologies resulting in increased stress, immobility, fatigue, longer operating period, and wound problems. Moreover, increasing incidences of spinal degenerative disorders in need of rigorous treatment is also expected to induce the growth of this segment. Treatment advances such as the incorporation of bioflex systems, biomechanical improvements also played a significant role in the growth of this segment. Disc nucleus replacement products are expected to be the fastest-growing segment owing to benefits such as complete restoration from disorder and less patient time.
Geographically, the spinal nonfusion technologies market is segregated into North America, Europe, Asia Pacific, Latin America, and MEA. As of 2014, North America held the largest share owing to significant growth factors including increasing incidences of spinal disorders, rising prevalence of geriatric population, rising government initiatives, and increased government product regulations with companies & hospitals. Furthermore, sophisticated healthcare infrastructure, high disposable income, new product approvals, and increased awareness also propelled the market growth in this region. It is followed by Europe which owing to factors such as high healthcare investments and better reimbursement policies. Asia Pacific is expected to be the fastest-growing market over the next seven years owing to propelling growth factors such as rising disposable income, increasing investments by market competitors in healthcare, rising awareness regarding the technologies, and improving healthcare infrastructure. Furthermore, new market players are anticipated to play a significant role in providing growth potential to the spinal nonfusion technologies in this region over the forecast period.
The key market players include Medtronic Spinal and Biologics, Raymedica, Synthes Spine, DePuy Spine, Pioneer Surgical technologies, B. Braun Medical, and Zimmer Spine. These companies focus on new product approvals and the development of innovative products. These players also focus on fulfilling market needs, merger & acquisitions, targeting regions leading to the expansion of their market share. Moreover, these players provide services, which are aimed at improving the quality of drug delivery systems and better patient care. Furthermore, the need for more efficient systems and competition among new market entrants are anticipated to provide growth platform to the spinal nonfusion technologies market over the forecast period.
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