Market Scenario:
Spinal Implants are used to treat spinal deformities such as isthmic spondylolisthesis and spinal stenosis. Spinal stenosis is usually a common problem in men and women over 50 years of age. With the increasing age, structural changes occur to the spine which include joint issues, slip disk, and increasing stiffness of the tissue supporting the spine. This leads to the development of spinal deformities or impairment.
Moreover, according to the National Center for Health Statistics, one in every four individuals suffers from chronic low back pain. Additionally, as per the World Health Organization (WHO), the expense of treatment for low back pain is a prominent cause of economic burden at the individual as well as national levels.
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Factors such as rising occurrence and prevalence of spinal ailments, development of safer technology and cost-effective spinal devices, and increasing demand for minimally invasive spine surgery are driving the growth of the spinal implants market. Conversely, factors such as high procedural costs, stringent regulatory guidelines for the approval of new medical devices, and lack of reimbursements in developing countries are hampering the growth of the global spinal implants market. The Global Market for Spinal Implants is expected to grow at a CAGR of approximately 5.5% during the forecast period, 2017–2023.
Key Players:
Some major players in the global spinal implants market include Medtronic, plc (Ireland), Depuy Synthes Inc. (Johnson & Johnson) (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), RTI Surgical, Inc. (U.S.), Amedica Corporation (U.S.), Exactech Inc. (U.S.), Integra LifeSciences (U.S.), LDR Holding Corporation (U.S.), Quandary Medical LLC (U.S.), AESCULAP (U.S.), Alliance Spine (U.S.), Apollo Spine (U.S.), Premia Spine (Israel), Ascendx Spine (U.S.), A-Spine (Taiwan), Back 2 Basics Spine (Canada), Accel Spine (U.S.), SI-BONE (U.S.), Captiva Spine Inc. (U.S.), Centinel Spine (U.S.), Life Spine (U.S.), SpineGuard (France), NLT Spine (U.S.), Paradigm Spine LLC (U.S.), Precision Spine (U.S.), Reliance Medical Systems (U.S.), Spinal Solutions Inc. (U.S.), Spine Frontier (U.S.), Spineart Geneva SA (Switzerland), and others.
Segmentation:
The global spinal implants market is segmented on the basis of product, procedure, and material.
On the basis of product, the global spinal implants market is segmented into spinal fusion devices, non-fusion devices/motion preservation devices, Vertebral Compression Fracture (VCF) treatment devices, spinal bone stimulators, spine biologics, and others. The spine fusion segment is divided into thoracolumbar devices, cervical fixation devices, interbody fusion devices, and others.
The spine fusion segment is categorized into thoracolumbar devices, cervical fixation devices, interbody fusion devices, and others. The thoracolumbar devices segment is divided into anterior lumbar plates, lumbar plates, pedicle screw, rods, hooks, wires and cables, crosslinks, and others. The cervical fixation devices segment is further classified as anterior cervical plates, hook fixation systems, plates and screws, clamps, wires, and others. The interbody fusion devices segment is further classified as non-bone interbody fusion devices, bone interbody fusion devices, and others.
The non-fusion devices/motion preservation devices segment is categorized into dynamic stabilization devices, artificial discs, annulus repair devices, nuclear disc prostheses, and others. The dynamic stabilization devices segment is further classified as interspinous process spacers, pedicle screw-based systems, facet replacement products, and others. The artificial discs segment is further classified as artificial cervical discs, artificial lumbar discs, and others.
The Vertebral Compression Fracture (VCF) treatment devices segment is categorized into balloon kyphoplasty devices, vertebroplasty devices, and others.
The spinal bone stimulators segment is categorized into non-invasive spine bone stimulators, invasive spine bone stimulators, and others. The non-invasive spine bone stimulators segment is further classified as pulsed electromagnetic field device, Capacitive Coupling (CC) and Combined Magnetic Field (CMF) devices, and others.
The spine biologics segment is further classified as spinal allografts, bone graft substitutes, cell-based matrix, and others. The spinal allografts segment is further classified as machined bones allograft, demineralized bone matrix, and others. The bone graft substitutes segment is further classified as bone morphogenetic proteins, synthetic bone grafts, and others.
On the basis of procedure, the global spinal implants market is classified into open surgery, Minimally Invasive Surgery (MIS), and others.
On the basis of material, the global spinal implants market is classified into titanium, titanium-alloy, stainless steel, plastic, and others.
Regional Analysis:
The global spinal implants market consists of four regions, namely, America, Europe, Asia Pacific, and the Middle East and Africa.
Americas dominated the global spinal implants market owing to the technological innovation, advancement in manufacturing processes, and contribution of nanotechnology to the pharmaceutical packaging market.
The European region is the second largest market owing to the increase in geriatric population and the increasing demand for spinal implants and devices for the treatment of spinal disorders. Asia Pacific is the emerging market in the global spinal implants market owing to the rising obesity cases, increasing healthcare expenditure in developing nations, increasing government funding, the presence of a large patient population, and growing awareness about novel spine treatment techniques.
Some Points from TOC:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
Chapter 5. Market Factor Analysis
….TOC CONTINUED
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List of Tables:
Table 1 Spinal Implants Industry Synopsis, 2017–2023
Table 2 Spinal Implants Market Estimates & Forecast, 2017–2023, (USD Million)
Table 3 Spinal Implants Market, By Region, 2017–2023, (USD Million)
Table 4 Spinal Implants Market, By Configuration, 2017–2023, (USD Million)
Table 5 Spinal Implants Market, By Application, 2017–2023, (USD Million)
Table 6 Spinal Implants Market, By End-U.S.Er, 2017–2023, (USD Million)
Table 7 North America Spinal Implants Market, By Configuration, 2017–2023, (USD Million)
Table 8 North America Spinal Implants Market, By Application, 2017–2023, (USD Million)
Table 9 North America Spinal Implants Market, By End-U.S.Er, 2017–2023, (USD Million)
Table 10 U.S. Spinal Implants Market, By Configuration, 2017–2023, (USD Million)
….CONTINUED
List of Figures:
Figure 1 Research Process
Figure 2 Segmentation Of The Spinal Implants Market
Figure 3 Segmentation Market Dynamics For Spinal Implants Market
Figure 4 Global Spinal Implants Market Share, By Configuration 2016
Figure 5 Global Spinal Implants Market Share, By Application 2016
Figure 6 Global Spinal Implants Market Share, By Region, 2016
Figure 7 Americas Spinal Implants Market Share, By Country, 2016
Figure 8 Europe Spinal Implants Market Share, By Country, 2016
Figure 9 Asia Pacific Spinal Implants Market Share, By Country, 2016
Figure 10 Middle East & Africa Spinal Implants Market Share, By Country, 2016
….CONTINUED
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