Spinal Fusion Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

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Spinal Fusion Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028

Status : May, 2021 | Medical Devices

Report Digest

Global Spinal Fusion Market: Overview

From 2019 to 2029, the global spinal fusion market would grow at a moderate pace. This would translate to a plethora of novel opportunities. These will also lead to players clamouring for tapping into the advantage that can accrue from these. Besides, market worth would also grow by a notable value. Some of the factors leading to growth in the market, as per TMR Research, are increase in numbers of aged population, increase in incidence of degenerative disc diseases and spinal injuries, and lowering costs of associated procedures. Additionally, it is worth noting here that technological advancement is also playing a positive role in the market.

Global Spinal Fusion Market: Competitive Landscape

The landscape of global spinal fusion market is at the brunt of new and notable developments – a result of many and proactive measures taken by players operating the playfield. These are understood as being shaping the future of the market.

Top players operating in the global spinal fusion market are Alphatec Holdings, Inc., B. Braun Melsungen AG, Depuy Synthes (Johnson & Johnson), Exactech, Inc., Globus Medical, Inc., Medtronic Plc., NuVasive, Inc., Orthofix International N.V., Stryker Corporation, and Zimmer Biomet Holdings, Inc. Other players include Paragon Medical, Inc., Norman Noble, Inc., Nutech, Titan Spine, Wenzel Spine, Inc., X-Spine Systems, Inc., Tecomet, Inc., Marox Corporation, Axial Medical, Spine Wave, Inc., K2M, Inc., and Captiva Spine, LLC.

Some of the prominent strategies that players from the fragmented landscape of global spinal fusion market opt for are mergers and acquisitions, and partnerships and acquisitions. The competition therefore is intense. To beat it, some of the players are resorting to a keen focus on research and development (R&D), and technological advancement. This does not come as a surprise considering that innovation is a critical determinant of growth in the market, particularly over the forecast period.

Global Spinal Fusion Market:  Key trends and driver

The global spine fusion market is growing and multiple trends and drivers are being attributed to this growth. Some of the most notable factors are detailed out below:

  • Population across the globe is ageing and the pace is quite dizzying. It is noted that over the year 2050, one in every four people in North America and one in every six people across the globe will be aged 65 and above. Europe will imitate North America in terms of the ratio. Besides, a recent study notes that increase of people aged 60 and above will be quite steep over the same period. This is a demographic that is vastly susceptible to spinal injuries.
  • Road accidents are taking a humongous number of lives. And, sometimes they leave people with major injuries. This is also leading to demand in spinal fusion market. Injuries can also result from sports activities and other accidents.

Global Spinal Fusion Market:  Regional Analysis

Asia Pacific is a high growth potential region as per Transparency Market Research. Over the forecast period, multiple factors would help the region chart a significant growth rate. Some of these are a large number of geriatric people, increase in incidence of spinal disorders, and low costs associated with procedures owing to technological advancement and its use. It is also pertinent to point out here that India will be a prominent contributor to growth of the region over the forecast period. Here, the government is directing massive efforts towards improvement of medical outcomes.

Global Spinal Fusion Devices Market: Product Segment Analysis

  • Thoraco-Lumbar Fixation Devices
    • Lumbar Plates
    • Rods
    • Hooks
    • Pedicle Screws
    • Others
  • Cervical Fixation Devices
    • Anterior Cervical Plates
    • Hook Fixation Systems
    • Screws
    • Others
  • Interbody Fusion Devices
    • Non-bone Fusion devices
    • Bone fusion Devices

Global Spinal Fusion Devices Market: Surgery Segment Analysis

  • Open Spine Surgery
  • Minimally Invasive Surgery

Global Spinal Fusion Devices Market: End-User Segment Analysis

  • Hospital
  • Ambulatory Service Centers
  • Orthopedic Centers

Global Spinal Fusion Devices Market: Regional Segment Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?