Spinal Implants and Spinal Surgical Devices Market by Technology (Fusion, Fixation, VCF, Decompression, Motion Preservation), Product (Cervical, Thoracic, Lumbar, Interbody, Kyphoplasty, Artificial Discs, MIS, Biologics, Stimulators) - Global Analysis & Forecast 2019-2030

Report ID : 127  |  Published Date : Jan 2020  |  Pages : 210  |  Region : Global  |  Report Code : MD-57





Spinal Implants and Spinal Surgical Devices Market Overview and Introduction

Market Industry Reports (MIR) has published a new report titled “Spinal Implants and Surgical Devices Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global spinal implants and surgical devices market is estimated to be over US$ 15.5 Bn in 2019. It is anticipated to grow at a CAGR of 5.2 percent from 2019 to 2030.

Spinal Implants and Spinal Surgical Devices Market By Product

The stringent product approval process, uncertainty in reimbursement, and high cost of treatment procedures are some of the prime factors restraining the growth of this market. Furthermore, lack of adequate physician and patient awareness/education about newly developed treatment procedures and technologies and high pricing pressure on market players are other factors hampering the market growth.

Minimally invasive procedures are extremely popular and effective for spinal implants and surgeries. The increasing inclination of hospitals and surgical centers toward such procedures is remarkable. These techniques also find a broad spectrum of applications in MIS, nucleus arthroplasty, and artificial disc replacement, among others, which is expected to have a positive impact on market growth. Owing to some of the major advantages that spinal implants and surgeries offer in terms of convenience, fast recovery, patient comfort, and better bodily movements, their demand is expected to grow manifolds in the coming years.

Spinal Implants and Spinal Surgical Devices Market By Technology

Such significant market growth can be attributed to technological developments in spine surgery devices and an increasing number of aging and obese people developing spinal deformities. Moreover, factors such as rising demand for minimally invasive spine surgical procedures and growing number of people having spinal deformities caused due to a sedentary lifestyle especially among working professionals are further anticipated to boost market growth during the forecast period. Growing number of hospitals and extensive applications of spinal implants and spinal surgical devices are further expected to drive market expansion. On the other hand, stringent approval policies and the high cost of treatment are some of the factors that are likely to restrain the market growth.

According to the World Health Organization, by 2050, the world's population aged 60 years and older is expected to rise up to 2 billion, up from 900 million in 2015 and presently, around 125 million people are aged 80 years or older. The WHO has also declared that 39% of adults aged 18 years and above were overweight in 2016, and 13% were obese. Incessantly growing obese and elderly population is expected to fuel the demand of spinal implants and spinal surgical devices in the coming years as there lies high possibility of developing spinal deformities among obese and elderly population.

The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new service type launches, agreements, partnerships, collaborations & joint ventures, research & development, service type, and regional expansion of major participants involved in the market.

Surgical & implant procedures demand a high level of precision, further leading to the need for a highly skilled and trained workforce. The lack of awareness regarding modern surgical & implant procedures among patients as well as physicians is anticipated to hinder market growth in the coming years. Moreover, the high cost of treatment and barriers to technology adoption is expected to further restrain market growth.

Asia Pacific is estimated to witness the highest CAGR with reference to spinal implants and surgical devices during the forecast period. North America is expected to hold the second-largest market share followed by Europe.

Spinal Implants and Spinal Surgical Devices Market By Prominent Players

Some of the prominent players operating in the spinal implants and surgical devices market include Medtronic, plc, K2M Group Holdings, Inc., Orthofix International N.V., DePuy Synthes, NuVasive, Inc., RTI Surgical, Inc., Globus Medical, Inc., Zimmer Biomet Holdings, Inc., Stryker Corporation, and Alphatec Holdings, Inc., among others.

Table of Contents

  1. INTRODUCTION
    1. Market Definition
    2. Market Ecosystem
      1.  Market Classification
      2.  Geographic Scope
      3.  Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecast Years – 2019 to 2030
    3. Currency Used
  2. RESEARCH METHODOLOGY
    1. Research Framework
    2. Data Collection Technique
    3. Data Sources
      1. Secondary Sources
      2. Primary Sources
    4. Market Estimation Methodology
      1.  Bottom Up Approach
      2.  Top Down Approach
    5. Data Validation and Triangulation
      1.  Market Forecasting Model
      2.  Limitations/Assumptions of the Study
  3. ABSTRACT OF THE STUDY
  4. MARKET DYNAMICS ASSESMENT
    1. Overview
    2. Drivers
    3. Barriers/Challenges
    4. Opportunities
  5. UNIQUE SELLING PROPOSITIONS (USPs)
    1. Winning Imperatives (Top Success Factors Assessment)
    2. Technological Advancements
  6. GLOBAL SPINAL IMPLANTS AND SPINAL SURGICAL DEVICES MARKET - ANALYSIS & FORECAST, BY TECHNOLOGY
    1. Spinal Fusion and Fixation Technologies
    2. Vertebral Compression Fracture Treatment
    3. Motion Preservation/Non-fusion Technologies
    4. Spinal Decompression
  7. GLOBAL SPINAL IMPLANTS AND SPINAL SURGICAL DEVICES MARKET - ANALYSIS & FORECAST, BY PRODUCT   
    1. Thoracic Fusion and Lumbar Fusion Devices
      1. Anterior Thoracic and Lumbar Fusion Devices
      2. Posterior Thoracic and Lumbar Fusion Devices
      3. Interbody Thoracic and Lumbar Fusion Devices
    2. Cervical Fusion Devices
      1. Anterior Cervical Fusion Devices
      2. Posterior Cervical Fusion Devices
    3. Spine Biologics
    4. Vertebral Compression Fracture Treatment Devices
    5. Non-fusion Devices
      1. Dynamic Stabilization Devices
      2. Artificial Discs
      3. Annulus Repair Devices
      4. Nuclear Disc Prostheses
    6. Spine Bone Stimulators
      1. Non-invasive Spine Bone Stimulators
      2. Invasive Spine Bone Stimulators
    7. Spinal Decompression
  8. GLOBAL SPINAL IMPLANTS AND SPINAL SURGICAL DEVICES MARKET MARKET - ANALYSIS & FORECAST, BY REGION
    1.   North America Spinal Implants and Spinal Surgical Devices Market
      1.  North America Spinal Implants and Spinal Surgical Devices  Market, By Country
        1.  US
        2.  Canada
      2. North America Spinal Implants and Spinal Surgical Devices Market Analysis & Forecast, By Technology
      3. North America Spinal Implants and Spinal Surgical Devices Market Analysis & Forecast, By Product
    2. Europe Spinal Implants and Spinal Surgical Devices Market
      1. Europe Spinal Implants and Spinal Surgical Devices Market, By Country/Region
        1. Germany
        2. U.K
        3. France
        4. Rest of Europe (ROE)
      2. Europe Spinal Implants and Spinal Surgical Devices Market Analysis & Forecast, By Technology
      3. Europe Spinal Implants and Spinal Surgical Devices Market Analysis & Forecast, By Product
    3. Asia Pacific Spinal Implants and Spinal Surgical Devices Market
      1. Asia Pacific Spinal Implants and Spinal Surgical Devices Market, By Country/Region
        1. China
        2. Japan
        3. India
        4. Rest of Asia Pacific (RoAPAC)
      2. Asia Pacific Spinal Implants and Spinal Surgical Devices Market Analysis & Forecast, By Technology
      3. Asia Pacific Spinal Implants and Spinal Surgical Devices Market Analysis & Forecast, By Product
    4.   Rest of the World (ROW) Spinal Implants and Spinal Surgical Devices Market
      1. Rest of the World Spinal Implants and Spinal Surgical Devices Market, By Country/ Region
        1.  Latin America
        2.  Middle East & Africa
      2. Rest of the World Spinal Implants and Spinal Surgical Devices Market Analysis & Forecast, By Technology
      3. Rest of the World Spinal Implants and Spinal Surgical Devices Market Analysis & Forecast, By Product
  9. COMPETETIVE LANDSCAPE
    1. Key Players & Their Competitive Positioning (2018)
    2. Key Strategies Assessment
      1. New Product Launches, Product Enhancements & Approvals
      2. Merger & Acquisitions
      3. Agreements, Collaborations, & Partnerships
      4. Expansions
      5. Other Strategies
  10. COMPANY PROFILES (Business Overview, Financial Performance*, Recent Developments)
    1. Medtronic plc
    2. K2M Group Holdings, Inc.
    3. Orthofix International N.V.
    4. DePuy Synthes
    5. NuVasive, Inc.
    6. RTI Surgical, Inc.EON Reality Inc.
    7. Globus Medical, Inc.
    8. Zimmer Biomet Holdings, Inc.
    9. Stryker Corporation
    10. Alphatec Holdings, Inc.

*Financial details might not be captured in case of privately-held companies or for companies that do not report this information in public domain