Spinal Fusion Devices Market (Product Type - Thoraco-lumbar Fixation Devices, Cervical Fixation Devices, Interbody Fusion Devices; End-user - Clinics , Hospitals, Ambulatory Surgical Centers, and orthopedic centers; Surgery Type - Open Surgery, Minimally Invasive Surgery): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024

A recent report published by Infinium Global Research on spinal fusion devices market provides in-depth analysis of segments and sub-segments in global as well as regional spinal fusion devices market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional spinal fusion devices market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global spinal fusion devices market. According to the report the global spinal fusion devices market is projected to grow at a CAGR of 3% over the forecast period of 2018-2024.

Market Insight

Spine fusion is a surgical procedure used to correct problems related to small bones in the spine. It is a welding process. In this procedure, two or more vertebrae are fused together so that they heal into a single, solid bone. This is done for the elimination of pain and restore the stability of the spine. This procedure can be performed in the cervical, thoracic and lumbar spine. Spine fusion devices are used to provide stability to spinal structure and loss occur due to degenerative disorder of the spine, tumors, stenosis, and trauma.

According to the world health organization, based on the 2012 world population estimation, every year between 250 000 and 500 000 people suffer a spinal cord injury. Traumatic spinal cord injury (TSCI) incidence rates vary widely across the world, 13 to 53 cases per million population. Roadside accidents are the leading cause of TSCI. The major factor such as growing incidences of spinal disorder such as osteoarthritis, low back pain, spinal disease, Injury, degenerative disc disease, chronic pain spinal cord injury and spinal fracture occurs in young adults and elder people globally are driving the growth of the market. However, the high cost of treatment procedure may restrain the growth of the spinal fusion devices market. Going further, advancement in innovative screw systems and modern materials such as titanium alloy used for the manufacturing of locking mechanism is anticipated to create growth opportunities for the spinal fusion devices market in the near future. In the coming years, the rise in demand from orthopedic centers and clinical spinal fusion devices will provide growth opportunities for the market.

Among the regions, North America is anticipated to be the leading region in the spinal fusion devices market followed by the Asia-Pacific region. The factor attributing the growth of the market in this region are a growing focus of market players on the innovation in the devices and rising awareness about the advanced treatment. The growth in the Asia-Pacific region due to growing incidences of spinal disorder, low cost of spine procedure in India as compared to the U.S. and a rapidly aging population are the driving forces for the growth of this region.

Segment Covered

The report on global spinal fusion devices market covers segments such as product type, end-user, and surgery type. On the basis of product type, the global spinal fusion devices market is categorized into thoraco-lumbar fixation devices, cervical fixation devices, and interbody fusion devices. On the basis of end-user the global spinal fusion devices market is categorized into clinics, hospitals, ambulatory surgical centers, and orthopedic centers. On the basis of surgery type, the global spinal fusion devices market is categorized into open surgery and minimally invasive surgery.

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-Pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.

Companies Profiled:

The report provides profiles of the companies in the global spinal fusion devices market such as Titan Spine LLC, K2M Group Holdings Inc., NuVasive Inc., Zimmer Biomet Holdings Inc., Medtronic plc, Braun Melsungen AG, Alphatec Holdings Inc., Orthofix International N.V., Stryker Corporation, and Globus Medical Inc.

Report Highlights:

The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the global spinal fusion devices market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of spinal fusion devices market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the spinal fusion devices market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers, and distributors of the spinal fusion devices market to understand the present and future trends in this market and formulate their strategies accordingly.