Feb 14, 2020 (The Expresswire) — Spinal Devices Market report is based on research on the subject primarily focusing on growth drivers, restraints, that will help vendors see a clear vision of the future market. It enlists the names of market players and strategies adopted by them to earn high market revenue in the forecast period.
The global “spinal devices” market is anticipated to gain momentum from the increasing demand for orthopedic spine devices. Fortune Business Insights, in a published report, titled, “Spinal Devices Market Size, Share and Industry Analysis, By Product Type (Fusion Devices (Cervical Devices, Thoracolumbar Devices, Interbody Devices, and Biologics), Non-Fusion Devices (Vertebral Compression Fracture Devices, Artificial Discs, Dynamic Stabilization Devices, and Others), and Stimulation Devices) 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,” states that the market is projected to reach USD 15.74 Billion by 2026, thereby exhibiting a CAGR of 3.9% during the forecast period. However, the spinal devices market size was valued at USD 11.59 Billion in 2018.
Highlights of the Report:
- In-depth analysis of various insights, namely, Spinal Devices Market trends, growth drivers, opportunities, and other related challenges.
- Comprehensive details of key market players, their core competencies, and Spinal Devices Market share.
- The potency of suppliers and buyers to make better business decisions.
- Lists out the market size in terms of volume.
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Key Players Operating in The Spinal Devices Market Include:
- RTI Surgical Holdings, Inc.
- DePuy Synthes (Johnson and Johnson Services, Inc.)
- Alphatec Spine, Inc.
- Globus Medical
- Zimmer Biomet
- Aesculap, Inc. (B. Braun Melsungen AG)
- NuVasive, Inc.
Increasing Availability of High-quality Treatment Options to Boost Growth
The spinal devices industry is exhibiting a tremendous amount of technological advancements. It, in turn, is leading to the launch of a variety of innovative orthopedic devices and implants. They are providing high-quality treatment to those patients who are suffering from spinal disorders. The large patient pool across the world is demanding for customized implants and minimally invasive solutions. All these would augment the spinal devices market growth during the forecast period.
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Rising Number of Spine Surgeries to Fuel Demand for Medical Devices in Europe
Geographically, the spinal devices market is divided into the Middle East and Africa, Europe, North America, Asia Pacific, and Latin America. Out of these regions, North America is expected to dominate the market owing to strategic collaborations and new product launches. Also, the rising prevalence of spinal diseases would contribute to the market growth. The Centers for Disease Control and Prevention asserted that in 2016, in the U.S., 8.0% of the adults had high-impact chronic pain and over 20.4% of the adults were affected by chronic pain. Hence, it would propel the demand for orthopedic spine devices in this region during the forthcoming period.
Europe, on the other hand, would showcase notable growth owing to favorable health reimbursement policies. Furthermore, in the U.K. and Germany, there is a rise in the number of spine surgeries and it is resulting in an increasing demand for medical devices.
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- 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
- Global Spinal Devices Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast By Product Type
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- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Spinal Devices Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Spinal Devices Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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 Spinal Devices 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?
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