June 08, 2021
Surging geriatric populace, advances in spine surgery, and rising incidents of spinal injuries are the major factors leading to augmentation of global spinal implants industry. Additionally, patient inclination towards minimally invasive procedures is also propelling the market growth.
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It is to be noted that spinal implants help in fusing two vertebrae, thereby improving the stability and strength of the spine. They are also used in treating spinal deformities and conditions like spondylolisthesis, kyphosis, fracturing, and scoliosis.
On the contrary, unfavorable reimbursement scenario, coupled with stringent regulatory approvals are anticipated to restrain the growth of worldwide spinal implants industry.
With PEST Analysis and opinions from KOL and SME as basis, the research document is prepared with an objective to enable readers to understand the dynamics of this industry space. It also highlights the lucrative opportunities and suggest strategies to overcome various bottlenecks, thereby helping businesses to grow.
Speaking of procedure, global spinal implants market is bifurcated into minimally invasive surgery, open surgery, and others. In terms of configuration, the industry is classified into spinal bone stimulators, non-fusion devices or motion preservation equipment, vertebral compression fracture treatment appliances, and spinal fusion devices. While based on material, the marketplace is divided into stainless steel, titanium, titanium-alloy, and others.
Considering the geographical landscape, the report entails market scenario in nations like the United States, the United Kingdom, Japan, Germany, France, Italy, and Spain. Industry share held by each country, alongside their growth trajectory and revenue contribution are presented.
The competitive landscape of worldwide spinal implants market is defined by companies such as DePuy Synthes, Exactech Inc., B. Braun Melsungen AG, Medtronic plc, Orthofix Medical Inc., Zimmer Biomet, Globus Medical Inc., Alphatec Holdings Inc., Stryker Corporation, and NuVasive Inc. among others.