A report added to the rich database of Qurate Business Intelligence, titled Spinal Implants and Surgical Devices Market report enhanced on worldwide competition by topmost prime manufactures which providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. It focuses on critical and significant data which makes the research a very important tool for experts, analysts and managers to get ready-to-access analysis. Report provides inclusive analysis of Spinal Implants and Surgical Devices market size development forecast from 2019-2024.
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Key players in the Spinal Implants and Surgical Devices markets include Market : DePuy Synthes, Zimmer Biomet Holdings, Inc., Medtronic plc, Alphatec Spine, Inc, Stryker Corporation, Regeneration Technologies, Inc., Globus Medical Inc., NuVasive, Inc. and Orthofix International N.V.
The Spinal Implants and Surgical Devices market was worth nearly USD 10.12 billion in 2016 and is anticipated to garner around USD 15.72 billion by the end of 2025 while registering itself at a compound annual growth rate (CAGR) of 4.44% during the forecast period. Spinal implants and surgical devices are used for treating several spinal deformities like isthmic spondylolisthesis and spinal stenosis. Spinal stenosis is one of the most common problem in women and men above 50 years of age. As age progresses, the structure of the spine changes. For instance, the band of tissues which give the needed support to the spine gets thick, joints and the bones start getting bigger, thereby resulting to one of the common cause of spinal impairment. Several factors contribute towards the positive growth of this market such as increasing elderly and obese population, enhancements in technology, coupled with prevalence of spinal disorders and increasing demand for minimally invasive spine surgeries are together impelling the market. As per Eurostat, as of January 1, 2015, the EU-28 population was approximated to be around 508.5 million of which the geriatric population had a total of 18.9% share, hence reflecting an escalation of 0.4% in comparison with the previous year.
Thus, rise in the percent of geriatric population is anticipated to have a lucrative effect on the demand for spinal implants and surgical devices for treating the spinal disorders. But, high cost of treatment procedures, unstable reimbursement especially in developing countries, and strict regulations for approval of novel medical devices will hinder the growth of this market during the forecast period. Additionally, there are several other challenges pertaining to this market like dearth of physician education and patient awareness related to novel spine treatment procedures are also restricting the market growth.
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On the basis of product, this report displays the sales volume, revenue (Million USD), product price, Spinal Implants and Surgical Devices market share and growth rate of each type, primarily split into-
Thoracic Fusion and Lumbar Fusion Devices
Anterior Thoracic and Lumbar Fusion Devices
Posterior Thoracic and Lumbar Fusion Devices
Interbody Thoracic and Lumbar Fusion Devices
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, Spinal Implants and Surgical Devices market share and growth rate of Spinal Implants and Surgical Devices for each application, including-
Demineralized Bone Matrix
Bone Morphogenetic Proteins
Market Segment by Regions, regional analysis covers:
Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries
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Spinal Implants and Surgical Devices Market Report Structure at a Glance:
- Executive summary, market introduction, Spinal Implants and Surgical Devices market definition.
- Macroeconomic factors and forecast factors.
- Spinal Implants and Surgical Devices Market taxonomy – segmentation on the basis of type, end-use, and region.
- Pricing analysis, regulatory factors analysis, and value chain analysis.
- Spinal Implants and Surgical Devices Market dynamics including key drivers, key restraints, recent trends, upcoming opportunities.
- In-depth forecast analysis by type, end-use, region.
- Spinal Implants and Surgical Devices Market structure and competition analysis.
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