Spine surgery devices market is one
of the major sub segments of the orthopedic industry. It forms one of the most
important segments of the orthopedics, which helps in joining and curing one or
two vertebrae. It is a procedure wherein the supplementary bone tissue from the
patient itself or a donor is utilized along with the patient’s bone growth to
fuse in the vertebrae. This process is called as osteoblastic. The spinal
surgery is mostly performed on the lumbar, cervical and thoracic vertebrae’s.
The complications in the spine region arise as a result of lack of lubricants
causing friction between bones. This ultimately leads to cracking of bones.
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Spine surgery devices market is
classified into five major classes as spine biologics, spinal decompression,
vertebral compression fracture treatment products, non-fusion, and fusion. The
fusion class is further divided into spinal bone stimulators and spine fusion
and fixation. Owing to the recent developments and usage North America
constitutes the largest market share which is succeeded by Europe. The spine
surgery devices market is however experiencing a fuelled growth in the Asian
region as a result of the growing population, awareness of newly developed
technologies, increased per capita income of the hospitals and the people,
improved medical literacy and tourism.
The current scenario of economic
slowdown in the European countries U.S. coupled with the pricing pressures are
some of the driving factors that will fuel the spine surgery devices market in
the Asian region. The high initial cost and complicated machines of the spine
surgery devices are some of the major inhibitors of the market slowing the
growth rate across the globe. Ageing population and the growing health concerns
has led the government in various countries to take several initiatives thus
providing several opportunities for this market.
Some of the major key players are
Alphatec Spine Inc., DePuy Spine, Medtronic Inc., Stryker Corporation, Smith
& Nephew Plc, Orthovita Inc., Zimmer Spine Inc and others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
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- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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