Spinal Implants and Spinal Devices Market Size, Share, Development, Growth and Demand Forecast to 2020 by P&S Market Research

GLOBAL INDUSTRY INSIGHT:
Spinal Implants and Spinal Devices Market Size, Share, Development,
Growth and Demand Forecast to 2020

Global Spinal Implants and Spinal Devices Market Size, Share,
Development, Growth and Demand Forecast to 2020
The global spinal implants and spinal devices market is growing, due to increasing demand for minimally invasive
surgeries, increasing number of hospitals and surgical centers, and commercial applications in areas, such as
nucleus arthroplasty, stem cell technology and artificial disk replacement. The spinal fusion and fixation
technology dominates the market and the non-fusion/ motion preservation technology segment is expected to
grow with the fastest rate during the forecast period, due to increasing demand for minimally invasive surgical
procedures among patients and development of technologically advanced non-fusion devices.
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The massive unexplored market in the spinal implants and spinal devices industry of the developing economies is
creating abundant growth opportunities for the global spinal implants and spinal devices surgery market. Spine is
one of the complex series of joint within the body and enclosed spinal cord, which is the part of spinal cord. Spinal
implants are used to treat spinal disorders and improve the quality of patient’s life.
Some of the factors driving growth of the global spinal implants and spinal devices market are growing geriatric
population, increasing incidence of spinal disorders, advancements in spine surgery technologies, technological
developments in bone grafting products, and increasing healthcare expenditure. In addition, the increasing obese
population and sedentary lifestyle, increasing incidence of road accidents, and improving healthcare infrastructure
in developing countries are also driving the growth of the market. However, strict regulatory requirements, high
cost of treatment procedure and limited reimbursement are some of the factors, restraining the growth of the
global spinal implants and spinal devices market.
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Geographically, North America is expected to dominate the global spinal implants and spinal devices market in
the coming years, due to increasing incidence of spinal disorders, increasing awareness of newly developed
treatment technologies, well established healthcare infrastructure, and increasing government funding and
support for research and development of advanced spine treatment devices. Asia-Pacific is expected to be the
fastest growing region in the market, due to presence of huge pool of patients and increasing geriatric population
in the region. In addition, the Asia-Pacific spinal implants and spinal devices market is growing, due to increasing
government healthcare spending, increasing healthcare expenditure, and refining healthcare infrastructure in the
emerging countries, such as India and China. However, the lack of trained healthcare workers and lack of
awareness of spinal devices are restricting the growth of the market in Asia-Pacific.
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Global Spinal Implants and Spinal Devices Market Size, Share,
Development, Growth and Demand Forecast to 2020
Some of the companies operating in the global spinal implants and spinal devices market are Medtronic PLC,
LDR Holding Corporation, Johnson & Johnson, Stryker Corporation, K2M Group Holdings Inc., Nuvasive Inc.,
Globus Medical Inc., Alphatec Spine Inc., Orthofix International N.V., and Zimmer Biomet Holdings Inc.
Spinal Implants and Spinal Devices Market Segmentation
By Product
• Thoracic Fusion and Lumbar Fusion Devices
• Cervical Fusion Devices
• Spinal Biologics
• Vertebral Compression Fracture Treatment Devices
• Non-Fusion Treatment Devices
• Spine Bone Stimulators
By Technology
• Spinal Fusion and Fixation Technologies
• Vertebral Compression Fracture Treatment
• Non-Fusion Technologies/ Motion Preservation
By Type of Surgery
• Open Surgeries
• Minimally Invasive Surgeries
By Type of Procedure
• Discectomy
• Laminectomy/ Laminotomy
• Facetectomy
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Global Spinal Implants and Spinal Devices Market Size, Share,
Development, Growth and Demand Forecast to 2020
• Corpectomy
• Foraminotomy/ Foraminectomy
By Geography
‣ North America
o
U.S.
‣ Europe
o
o
o
Germany
France
U.K.
‣ Asia-Pacific
o
o
o
Japan
India
China
‣ Rest of the World
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Global Spinal Implants and Spinal Devices Market Size, Share,
Development, Growth and Demand Forecast to 2020
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