This global market research by Technavio presents a detailed analysis and segmentation of the spine surgery market by method (spinal fusion procedure and spinal non-fusion procedure), by product type (implants and instrumentation, and biomaterials), by procedure (traditional/open surgery and minimally invasive surgery), and by geography (APAC, EMEA, and the Americas). Leading vendors analyzed are Depuy Synthes, Medtronic, Nuvasive, Stryker, and Zimmer.
Technavio has released its new market research report, global spine surgery market, which is expected to grow at a CAGR of more than 5% between 2015 and 2019. Factors attributed to this market’s growth are the increasing aging population and increasing incidence of spinal disorders like herniated discs, VCFs, degenerative disc disease, spondylolisthesis, prolapsed intervertebral disc, and spinal stenosis. The Americas lead the global market for spine surgery, accounting for around 75% of the total market share. Much of this region’s market growth comes from the increased prevalence of spinal disorders like herniated discs and osteoarthritis among the aged populace.
“Growing use of titanium in spinal implants is an upcoming trend in this market. Vendors are manufacturing spinal Implants such as cages, rods, screws, hooks, wires, plates, bolts with titanium rather than stainless steel. Of late, titanium implants with nano-roughened surface have gained momentum as they are strong, light in weight and allow for better CT and MRI imaging after implantation with minimum interference,” says Imran Mushtaq, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
The market is witnessing a considerable shift towards MI surgeries from open surgical methods, which has increased the adoption of MI spinal implants. MI spinal surgeries are preferred owing to their minimal blood loss, lower infection rate, reduced patient pain, faster patient ambulation and retrieval. Latelty, there has been a rise in the popularity of MI lumbar fusion and facet fixation procedures.
The leading vendors in the global spine surgery market include Depuy Synthes, Medtronic, Nuvasive, Stryker, and Zimmer. This market is highly competitive and is characterized by the presence of large, well-established, and new vendors. Since this market is subject to rapid change, it is significantly influenced by new product launches and other market activities of key companies.
A more detailed analysis is available in the Technavio report, Global Spine Surgery Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other Related Reports:
- Global Minimal Invasive Surgery Market 2015-2019
- Global Spinal Implants Market 2014-2018
- Global Robotic Surgery Market 2015-2019
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