Spinal Implants and Surgical Devices Market: Overview
Spinal implants and surgical devices are mainly utilized to treat the patients suffering from spinal deformities for instance: isthmic spondylolisthesis and spinal stenosis. Augmentin geriatric inhabitants, a rise in adoption of nominal invasive surgery methods, and increase in occurrence rate of spinal disorders are anticipated to fuel the market development. Furthermore, technological improvements in spinal fusion implants drive this development. On the other hand, adverse reimbursement situation and stringent regulatory approval methods are anticipated to obstruct the market development.
Spinal implants are the most common issue in men and women for more than 50 years of age. With age, changes happen in the formation of the spine, for instance, the band of the tissue that actually supports the spine gets broad, bones and joints get larger, therefore leading to the most familiar cause of spinal impairment.
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Spinal Implants and Surgical Devices Market: Growth Factors
The rising preference for spinal non-fusion methods over fusion techniques is one of the rising trends boosting the global market development prospects in the coming years. Spinal implants methods help to preserve the flexibility and firmness of the spine and lessen leg and back pain while continuing heavy loads. These aspects help to offer improved medical outcomes than spinal fusion methods. Furthermore, the increased demand for non-fusion methods has led to the expansion and opening of connected tools in the zones of artificial disc substitution, active stabilization, and interspinous method decompression, which will further help the global market development in the coming years.
Spinal Implants and Surgical Devices Market: Segmentation
Spinal implants and surgical devices market are divided into two kinds based on products and technology. Technology segment is further sub-segmented into spinal decompression, fusion, confusion, and vertebral compression fracture healing methods. The artificial disc is gaining high demand due to rising occurrence rate of slipped discs and therefore anticipated to gain outstanding market share in the coming years. Spinal biologics division consists of bone substitutes, bone morphogenic proteins, allograft bones, machined bones, and dematerialized matrix. Products segment is further divided into pedicle screws, cages, rods, plates, and hooks. Pedicle screws are specially designed and implanted into the pedicles of the vertebrae. They have been utilized predictably in the lumbar spine but with current technological developments, surgeons are now utilizing them in the thoracic spine.
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Spinal Implants and Surgical Devices Market: Regional Analysis
Geographically, the global spinal implants and surgical devices market are segmented into regions such as Europe, North America, RoW and the Asia Pacific. The Asia Pacific is anticipated to be most profitable market due to growing in patient understanding levels, rising healthcare expenses coupled with enhancing healthcare facilities in the up-and-coming economies of China and India. North American market with the asset of technological developments and improved healthcare facilities was considered as the most mature market in the past year. The European market followed North American market due to rising geriatric population base.
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Spinal Implants and Surgical Devices Market: Competitive players
The key players of the global spinal implants and surgical devices market are DePuy Spine, Medtronic, Stryker Corporation, Zimmer, Synthes, Pioneer Surgical, Globus Medical, NuVasive, Orthovita, Exactech, Biomet Spine, Orthofix International, Alphatec Spine, Integra Lifesciences, and America.
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