Global Spinal Fusion Devices Market Research Update, Size Estimation, Future Scope, Revenue Opportunities and Regional Forecast to 2028

(The Express Wire via Comtex)

The global Spinal Fusion Devices Market is projected to reach USD 8.45 billion by 2026, exhibiting a CAGR of 3.6% during the forecast period. A rapidly rising global geriatric population will be a critical factor driving the growth of this market. According to the United Nations, around 16% of the world’s population will be over the age of 65 by 2050. In North America and Europe, close to 25% of the population will be aged. Aged people are highly vulnerable to various kinds of injuries and spinal cord injuries are one of the most common afflictions of old age. For instance, a study published in the Lancet journal showed that in the US, the average age of patients who suffered from spinal cord damage rose from 40 years to 50 years in just two decades. This shows that as geriatric population increases, the risk of spinal cord injuries also rises in tandem, thereby spiking the demand for spinal arthrodesis devices in the long-run.

For more information in the analysis of this report, visit:

https://www.fortunebusinessinsights.com/industry-reports/spinal-fusion-devices-market-101689

According to a new report published by Fortune Business Insights, titled “Spinal Fusion Devices Market Size, Share and Industry Analysis, By Product Type (Cervical Devices, Thoracolumbar Devices, Interbody Devices, and Biologics), By Disease Indication (Degenerative Disc Disease, Complex Deformity, Traumas and Fractures, and Others), By End User (Hospitals and Ambulatory Surgery Centers, Specialty Clinics and Others) and Regional Forecast, 2019-2026”, the market value stood at USD 6.37 billion in 2018. Within the report is also contained an exhaustive evaluation and analysis of the drivers, restraints, and other dynamics that will influence the market in the forecast period. Besides this, the report also provides a macroscopic overview of the general industry trends that will enable businesses to align their strategies with the needs of the market.

A spinal fusion device or implant is an orthopedic surgical mechanism which is used to join or keep in place two or more vertebrae. They consist of interbody devices, biologics, cervical fixation devices, and thoracolumbar fixation devices.

Global Spinal Fusion Devices Market Highlights:

The Spinal Fusion Devices Market report offers an in-depth analysis of the Urology industry and the demand drivers by highlighting information on several aspects of the market. Prudent Markets addresses all these aspects and provides the latest scoop and detailed eye-opening study on all major and emerging business segments. In addition to this, the report sheds light on the industry developments by key players, which are contributing to the expansion of this industry. The development scope, feasibility study, Spinal Fusion Devices Market concentration, and maturity analysis is elaborated in this report.

Information given in the research report pertains to different technological advancements introduced in recent years, which allows for a meticulous analysis of the industry and offers a more comprehensive understanding to the readers.

The outbreak of covid-19 in the global market has made companies uncertain about their future scenario as the prolonged lock-down finds a serious economic slump. The latest survey on COVID-19 Outbreak-Global Spinal Fusion Devices Market is conducted to provide hidden gems performance analysis. Essential growth factors and study of Basis points [BPS] have been discussed in the following report. Research Report explains a detailed overview of market dynamics, segmentation, product portfolio, business plans, and the latest development in the industry.

Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for Spinal Fusion Devices Market to figure out and study the market’s needs, market size, and competition.

Growing Adoption of Surgical Robots for Spinal Injuries to Prove Favorable for the Market

There is an increasing demand for minimally invasive surgical procedures, prompting many hospitals to adopt robots for performing surgical procedures for the spinal treatments. As a result, manufacturers are now increasingly engaging in developing novel robotic technologies to aid surgeons perform tricky spinal cord surgeries with greater ease and accuracy. Thus, emergence of robotics in healthcare is, therefore, expected to shape the spinal fusion devices market trends during the forecast period.

Regional Analysis:

This report focuses on Spinal Fusion Devices Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application. Regional analysis is another highly comprehensive part of the research and analysis study of the global market presented in the report. This section sheds light on the sales growth of different regional and country-level markets. For the historical and forecast period to 2026, it provides detailed and accurate country-wise volume analysis and region-wise market size analysis of the global market.

North America to Hold a Commanding Position; Europe to Display Healthy Growth Pattern

With a revenue generation of USD 3.02 billion in 2018, North America is poised to dominate the spinal fusion devices market share. This will be a result of increasing incidence of chronic pain in the U.S. and a ready adoption of advanced spinal fusion implant devices. In Europe, a rising demand for 3D printed medical devices and a growing proclivity towards minimally invasive procedures will drive the market for spine fusion implants in the continent. Asia-Pacific is anticipated to experience soaring demand for spinal fusion devices owing to the rising prevalence of degenerative spinal disorders and steadily evolving reimbursement policies. In Latin America and the Middle East and Africa, improving healthcare infrastructure will mainly fuel the market for spinal fusion implants in these regions.

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Wide Availability of Opportunities to Innovate to Stimulate Competition

The spinal fusion devices market is set to receive a new influx of energy as competition in this market tightens. Major players are looking to gain momentum in this burgeoning market by increasing their investment in research to launch novel products and diversify their product portfolio.

Competitive Analysis And Industry News:

Major companies in the global Spinal Fusion Devices Market are increasingly focusing on research and development activities to create new and innovative products to stay ahead of the competition. Staying on top of market trends and drivers is crucial for decision-makers to hold this emerging opportunity. The study provides information on market trends and development, drivers, capacities, technologies, and the changing investment structure of the Spinal Fusion Devices Industry.

Key industry developments include:

  • August 2019: NuVasive, Inc. commercially launched its Modulus TLIF-A which is a porous titanium spinal implant designed to aid the transforaminal lumbar interbody fusion procedure. This will be the final installment in the company’s Advanced Materials Science product line aimed for all posterior interbody fusion techniques.
  • July 2019: Alphatec Spine unveiled its titanium interbody implant system called IdentiTi. The device is engineered for performing anterior lumbar interbody fusion procedures.

Fortune Business Insights identifies some of the prominent competitors in this market:

  • DePuy Synthes (Johnson and Johnson Services, Inc.)
  • Aesculap, Inc. (B. Braun Melsungen AG)
  • Stryker
  • Alphatec Spine, Inc.
  • RTI Surgical Holdings, Inc.
  • Zimmer Biomet
  • Medtronic
  • NuVasive, Inc.

Segmentation

By Product Type

  • Cervical Devices
  • Thoracolumbar Devices
  • Interbody Devices
  • Biologics

By Disease Indication

  • Degenerative Disc Disease
  • Complex Deformity
  • Traumas and Fractures
  • Others

By End User

  • Hospitals and Ambulatory Surgery Centers
  • Specialty Clinics
  • Others

Some major points from Table of Content:

  1. Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  4. Key Insights
    • Prevalence of Key Spinal Diseases - For Key Countries/Regions
    • Regulatory Scenario - For Key Countries/Regions
    • Reimbursement Scenario - For Key Countries/Regions
    • New Product Launches
    • Key industry Developments - Mergers, Acquisitions and Partnerships
    • Key Industry Trends
  5. Global Spinal Fusion Devices Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast By Product Type
      • Cervical Devices
      • Thoracolumbar Devices
      • Interbody Devices
      • Biologics
    • Market Analysis, Insights and Forecast By Disease Indication
      • Degenerative Disc Disease
      • Complex Deformity
      • Traumas and Fractures
      • Others
    • Market Analysis, Insights and Forecast By End User
      • Hospitals and Ambulatory Surgery Centers
      • Specialty Clinics
      • Others
    • Market Analysis, Insights and Forecast By Region
      • North America
      • Europe
      • Asia Pacific
      • Latin America
      • Middle East and Africa
  1. North America Spinal Fusion Devices Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast By Product Type
      • Cervical Devices
      • Thoracolumbar Devices
      • Interbody Devices
      • Biologics
    • Market Analysis, Insights and Forecast By Disease Indication
      • Degenerative Disc Disease
      • Complex Deformity
      • Traumas and Fractures
      • Others
    • Market Analysis, Insights and Forecast By End User
      • Hospitals and Ambulatory Surgery Centers
      • Specialty Clinics
      • Others
    • Market Analysis, Insights and Forecast By Country
      • S.
      • Canada
  1. Europe Spinal Fusion Devices Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast By Product Type
      • Cervical Devices
      • Thoracolumbar Devices
      • Interbody Devices
      • Biologics
    • Market Analysis, Insights and Forecast By Disease Indication
      • Degenerative Disc Disease
      • Complex Deformity
      • Traumas and Fractures
      • Others
    • Market Analysis, Insights and Forecast By End User
      • Hospitals and Ambulatory Surgery Centers
      • Specialty Clinics
      • Others
    • Market Analysis, Insights and Forecast By Countries/ Sub-region
      • K.
      • Germany
      • France
      • Spain
      • Italy
      • Scandinavia
      • Rest of Europe
  1. Asia Pacific Spinal Fusion Devices Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast By Product Type
      • Cervical Devices
      • Thoracolumbar Devices
      • Interbody Devices
      • Biologics
    • Market Analysis, Insights and Forecast By Disease Indication
      • Degenerative Disc Disease
      • Complex Deformity
      • Traumas and Fractures
      • Others
    • Market Analysis, Insights and Forecast By End User
      • Hospitals and Ambulatory Surgery Centers
      • Specialty Clinics
      • Others
    • Market Analysis, Insights and Forecast By Countries/ Sub-region
      • Japan
      • China
      • India
      • Australia
      • Southeast Asia
      • Rest of Asia Pacific

Continued...

List of Figures

Figure 1: Global Spinal Fusion Devices Market Revenue Breakdown (US$ Mn, %) by Region, 2018 and 2026

Figure 2: Global Spinal Fusion Devices Market Value Share (%), by Product Type, 2018 and 2026

Figure 3: Global Spinal Fusion Devices Market Forecast (US$ Mn), by Cervical Devices, 2015-2026

Figure 4: Global Spinal Fusion Devices Market Forecast (US$ Mn), by Thoracolumbar Devices, 2015-2026

Figure 5: Global Spinal Fusion Devices Market Forecast (US$ Mn), by Interbody Devices, 2015-2026

Figure 6: Global Spinal Fusion Devices Market Forecast (US$ Mn), by Biologics, 2015-2026

Figure 7: Global Spinal Fusion Devices Market Value Share (%), by Disease Indication, 2018 and 2026

Figure 8: Global Spinal Fusion Devices Market Forecast (US$ Mn), by Degenerative Disc Disease, 2015-2026

List of Tables

Table 1: Global Spinal Fusion Devices Market Revenue (US$ Mn) Forecast, by Product Type, 20152026

Table 2: Global Spinal Fusion Devices Market Revenue (US$ Mn) Forecast, by Disease Indication, 20152026

Table 3: Global Spinal Fusion Devices Market Revenue (US$ Mn) Forecast, by End-user, 20152026

Table 4: Global Spinal Fusion Devices Market Revenue (US$ Mn) Forecast, by Region, 2015-2026

Table 5: North America Spinal Fusion Devices Market Revenue (US$ Mn) Forecast, by Product Type, 2015-2026

Table 6: North America Spinal Fusion Devices Market Revenue (US$ Mn) Forecast, by Disease Indication, 2015-2026

Table 7: North America Spinal Fusion Devices Market Revenue (US$ Mn) Forecast, by End-user, 2015-2026

Table 8: North America Spinal Fusion Devices Market Revenue (US$ Mn) Forecast, By Country, 2015-2026

Highlights of the Report

  • In-depth analysis of various insights, namely, Spinal Fusion Devices Market trends, growth drivers, opportunities, and other related challenges.
  • Comprehensive details of key market players, their core competencies, and market shares.
  • The potency of suppliers and buyers to make better business decisions.
  • Lists out the market size in terms of volume.

KEY QUESTIONS ANSWERED:

What is the market size and growth rate of the global and regional market by various segments?

What is the market size and growth rate of the market for selective countries?

Which region or sub-segment is expected to drive the market in the forecast period?

What Factors are estimated to drive and restrain the market growth?

What are the key technological and market trends shaping the market?

What are the key opportunities in the market?

What are the key companies operating in the market?

Which company accounted for the highest market share?

Why Choose Fortune Business Insights?

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