Global Spinal Surgery Devices Industry
Report (WGR) the Global Spinal Surgical Devices market is all set to touch US$ 12.5 Billion by 2025 reflecting a healthy CAGR within the forecast timeline on 2018 to 2025.
Spinal surgery is an orthopedic surgical procedure for vertebral fixation also known as spinal fixation. It aims at reducing or correcting vertebral mobility to ensure minimal damage to the spinal cord and spinal roots. The surgery stabilizes the vertebral bones and spinal joints to reduce spinal pressure and provide pain relief caused by certain spinal conditions such as spinal instability, herniated discs, bone spurs, scoliosis or spinal tumors.
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The increased market growth of spinal surgical devices globally can be attributed to acceleration in technological advancements contributing to better medical procedures, inclination toward Minimally Invasive Spinal Surgery (MISS) procedures and spike in spinal deformities in the current population either due to geriatric issues or posture issues among young professionals. As opposed to open spine surgery, minimally invasive surgical procedures for spines can be faster, safer and take lesser recovery time. Spinal surgical devices have gained more popularity as specialized solutions for surgical procedures and are made to fit the demands of medical professionals. With a wider spectrum of treatment available for spinal deformities and surgeries as opposed to conventional ways, the global spinal surgical devices sale have accrued the required boost. The global spinal surgical devices are expected to maintain a strong hold in the current trend of medical innovations and advancement in
Global Spinal Surgical Devices market: Segmental Analysis
In the extremely competitive ecosystem it is important to keep up with technological progress to maintain the standings in the global market. The most significant companies that have gained dominance in the global market through its products, services and zeal for continuous improvement and development are DePuy Synthes, Medtronic, Nuvasive and Zimmer Bionet. DePuy Synthes is currently dominating the global market for spinal surgical devices possessing the lion’s share of the market. The next position is held by Medtronic as captured in 2017 and is expected to hold the position till 2025. The third position is tied between Nuvasive and Zimmer Bionet who are closely competing to grab the maximum share.
The other companies making significant contribution in the global spinal surgical devices market are Zimmer, Stryker and Globus.
Global Spinal Surgical Devices market: Regional Analysis
The analysis of the global spinal surgical devices market landscape indicates that United States will be the leading frontrunner by the end of the forecast period. United States will have occupied a total market share of 50% by 2025. Following closely Japan will be taking up the second place and will strongly maintain the position all throughout the forecast timeline. China is expected to be the contender for the third place in the market by 2025. The other countries that contribute in the sales due to availability of better medical facilities are United Kingdom, France, Italy, Spain, Germany, Japan, China, India and Brazil.
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