Global Spine Surgery Products Market Overview:
Spinal fusion products are used in spinal fusion surgery. The products are involved in removing the damaged disc and replacing it with any fusion products. Non-fusion products are used during spine surgery, which are implanted to treat spine conditions. This also allows the patient to retain its movement and flexibility. The non-fusion products are becoming the treatment of choice, especially for the younger, more active patient. Increase in number of spine surgeries, rise in use of bone grafts and bone morphogenetic proteins in spinal fusion surgery, growing number of spinal surgeries using electrical stimulation devices such as inductive coupling devices, captive coupling devices and other implants drives the market growth rate by 2025.
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Growing Trend towards Using Biologic Materials in Spine Surgery
Market Growth Drivers:
Increasing Orthopaedic Geriatric Population As Well As Rising, Increasing Incidence of Spine-Related Injuries and Increasing Disposable Income across the Globe
Stringent Regulatory Process for New Product Approvals
Expensive Treatment Procedures
Growing Adoption of Minimally Invasive Procedures and Increase in Technological Advancements in Spinal Surgery
The spinal surgery product market is highly fragmented due to the presence of various players. These players offer a wide range of spine surgery products such as spinal implants, bone grafts, spinal fusion devices, and surgical instruments. The players in the spine surgery products market are highly investing in research and development activities to innovate new products. Further, the companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to gain a competitive edge in the market.
Some of the key players profiled in the report are Stryker Corporation (United States), Medtronic plc (Titan Spine) (United States), Zimmer Biomet Holdings, Inc. (United States), NuVasive, Inc. (United States), Johnson and Johnson (DePuy Synthes) (United States), Globus Medical Inc GMED.N (United States), Alphatec Spine Inc. (United States), Braun Melsungen AG (Aesculap Inc.) (United States), ZimVie Inc (United States), Orthofix International N.V (United States) and K2M Group Holdings Inc. (United States). Analyst at AMA Research see North America Players to retain maximum share of Global Spine Surgery Products market by 2028. Considering Market by Type, the sub-segment i.e. Spinal Decompression will boost the Spine Surgery Products market. Considering Market by Surgery Type, the sub-segment i.e. Open Surgeries will boost the Spine Surgery Products market. Considering Market by Condition Type, the sub-segment i.e. Spinal Stenosis will boost the Spine Surgery Products market. Considering Market by End-Use, the sub-segment i.e. Hospitals will boost the Spine Surgery Products market.
Latest Market Insights:
In January 2021, Stryker acquired OrthoSensor, Inc., a privately held company, the company is a leader in the digital evolution of musculoskeletal care and sensor technology for total joint replacement. This acquisition further empowers surgeons with comprehensive data-driven solutions, thus enhancing Strykerís insightful data analytics capabilities.
In October 2021, NuVasive, Inc., launched Cohere TLIF-O implant and announced the upcoming launch of the Cohere TLIF-A implant for posterior spine surgery. Thus, the launch enhanced the companyís advanced materials science (AMS) portfolio.
What Can be Explored with the Spine Surgery Products Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Spine Surgery Products Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Spine Surgery Products
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Spine Surgery Products market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Spine Surgery Products market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Spine Surgery Products Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.