Spinal Fusion Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028
Spinal Fusion Market: Global Industry Analysis, Size, Trends, Growth, Trends, and Forecast 2018 - 2028
Report Digest
Global Spinal Fusion Market: Overview
From 2018 to 2028, 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 Transparency Market 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
The study presents a granular assessment and quantitative evaluation of:
- Key growth factors and prominent trends
- Size and share of key segments in overall market
- Key challenges and winning imperatives
- Factors shaping competitive landscape
- Insights into how contours of market will change in coming years
- Technological advances
- New avenues and imminent investment pockets
- Regulatory landscape shaping current and future strategies of companies
The region-wise assessment includes market dynamics in:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
- Which key factors will shape the competitive landscape?
- Which trends will stimulate research and development activities in different geographies?
- Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
- Which disruptions in market growth are likely to come with the new business models?
- Which are some of the recent overhauls in policies that may change the course of the market significantly?
- Which are the geographies that will form sizable sources of new streams to new and established players alike?
- How are top players likely to realign their strategy to counter the forces of competition?
- Which key strategies emerging players are likely to focus on to consolidate their position?
- Which changes in end-user preferences might affect the status quo held by the leading players?
- Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report