Spinal Fusion Devices Market Report
The increasing aging population and their growing need for spine care are driving the demand of the market.
The report discusses in detail the growth opportunities, challenges, market drivers and restraints, limitations, threats, and demands of the Spinal Fusion Devices market. The study further assesses the regional market as well as the international market to garner an insight into the scope of the market. The report also offers estimations and predictions about the market segment and sub-segments exhibiting promising growth in the forecast timeline. The report also provides deeper insights into the technological advancements, industrial landscape, and emerging product and technological developments in the Spinal Fusion Devices market. It offers fruitful insights into the business sphere to help businesses capitalize on the lucrative growth opportunities.
The global Spinal Fusion Devices Market will be worth USD 8.90 Billion by 2027, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing condition of spine degeneration among the aging population as people over the age of 65 are more likely to experience symptomatic spinal conditions as a result of natural degeneration. The emergence of better healthcare technology in the emerging economies due to the increasing healthcare budgetary allocation is expected to drive the growth of the spinal fusion devices market over the forecast period. The presence of favorable health insurance coverage for most spinal treatments is a key contributing factor to the increasing demand for spinal fusion surgeries and devices. Moreover, the availability of more skilled spine surgeons is projected to fuel the growth of the market.
Key Highlights From The Report
In November 2019, DePuy Synthes Companies launched the SYMPHONY Occipito-Cervico-Thoracic (OCT) System. The newly launched system by the company is expected to help in the surgical treatment of conditions in the neck and upper back. The system includes a set of implants and instruments which can be used for the stabilization of the spine in patients undergoing Posterior Cervical Fusion Surgery.
The thoracolumbar devices segment held the largest market share of 45.3% in 2019. The rising aging population and their increasing demand for spinal care are expected to drive the growth of thoracolumbar devices.
Minimally Invasive Spine Surgery is forecasted to grow with the fastest CAGR of 4.0% over the forecast period. The risks associated with open surgeries are contributing to the growing adoption of the Minimally Invasive Spine Surgery by Healthcare professionals.
The Hospitals & Ambulatory segment held the largest market share of the Spinal Fusion Devices in 2019. The presence of favorable health insurance coverage for most of the spinal treatments and the availability of skilled spine surgeons in the hospitals is expected to drive the demand of the segment.
The Asia Pacific region is expected to be the fastest-growing region over the forecast period due to the increasing healthcare budgetary allocation in the emerging economies.
Key participants include Braun Melsungen, Alphatec Holdings, Inc., Exactech, Inc., DePuy Synthes Companies (Johnson & Johnson Services, Inc.), Medtronic PLC, Globus Medical, Inc., NuVasive, Inc., Stryker Corporation, Orthofix International N.V., and Zimmer Biomet Holdings, Inc., among others.
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Product Outlook (Revenue, USD Billion; 2017-2027)
Cervical Fixation Devices
Interbody Fusion Devices
Surgery Outlook (Revenue, USD Billion; 2017-2027)
Minimally Invasive Spine Surgery
Open Spine Surgery
End User Outlook (Revenue, USD Billion; 2017-2027)
Hospitals & Ambulatory Surgery Centers
Regional Outlook (Revenue, USD Billion; 2017-2027)
Table of Content
Chapter 1. Methodology & Sources
1.1. Spinal Fusion Devices Market Definition
1.2. Spinal Fusion Devices Market Research Scope
1.3. Spinal Fusion Devices Market Methodology
1.4. Spinal Fusion Devices Market Research Sources
1.4.3. Paid Sources
1.5. Spinal Fusion Devices Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. Spinal Fusion Devices Market Segmentation & Impact Analysis
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