Spinal Implants Market Will Amass US $14 Bn by 2023 | Finds MRFR

Spinal Implants Market Report include on MarketResearchFuture.com with exhaustive Study. The report aims to provide an overview of Spinal Implants Market Report with Overall Segmentation, Top Trends, Competitive Players, and Geological Region. Outlook till 2023

Spinal implants are useful for the treatment of spinal deformities. Market Research Future (MRFR) has published a research report about the global spinal implants market that infers boost with 5.5% CAGR during the forecast period between 2017 and 2023.

Factors that are enhancing the market growth for spinal implants include the development of safer technology, innovation of cost-effective spinal devices, and increasing demand for minimally invasive spine surgery. However, some factors that can hamper the growth of the market include lack of reimbursements in developing countries, high procedural costs, and stringent regulatory guidelines for the approval of new medical devices.

There are some other factors which have substantial impact on the spinal implant market. Rise in number of vehicular accidents, increased spinal injuries and disorders, increasing geriatric and obese population, lack of proper nutrition and exercise which are consequently increasing chronic back problems. All these are some of the factors which are responsible for the growth of the global spinal implants market. However, high cost of the spinal implants, spinal surgical procedures and unstable reimbursement policies put immense pressure on developing nations and the low income economies causing hindrance to the growth of the spinal implants market.

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Latest Industry News

San Diego-based NuVasive, Inc. has launched its TLX 20-degree expandable spinal interbody implant with a first-of-its-kind oblique profile designed for transforaminal lumbar interbody fusion (TLIF) procedures. 21 SEP 2018
NuVasive has commenced a study in order to evaluate long-term outcomes of two NuVasive (NUVA +0.1%) spinal implants, Modulus 3D-printed titanium and Cohere Porous PEEK, in patients undergoing a one- or two-level lateral lumbar interbody fusion (XLIF) procedure. 26 SEP 2018
Global Spinal Implants Market - Key Players

The key players in the global spinal implants market include Accel Spine (USA), AESCULAP (USA), Alliance Spine (USA), Alphatec Holdings, Inc. (the USA), Amedica Corporation (USA), Apollo Spine (USA), Ascendx Spine (USA), A-Spine (Taiwan), Back 2 Basics Spine (Canada), Captiva Spine Inc. (USA), Centinel Spine (USA), Depuy Synthes Inc. (Johnson & Johnson) (USA), Exactech Inc. (USA), Globus Medical, Inc. (USA), Integra LifeSciences (USA), K2M Group Holdings, Inc. (the USA), LDR Holding Corporation (USA), Life Spine (USA), Medtronic, plc (Ireland), NLT Spine (USA), NuVasive, Inc. (the USA), Orthofix International N.V. (Netherlands), Paradigm Spine LLC (USA), Precision Spine (USA), Premia Spine (Israel), Quandary Medical LLC (USA), Reliance Medical Systems (USA), RTI Surgical, Inc. (USA), SI-BONE (USA), Spine Frontier (USA), Spineart Geneva SA (Switzerland), SpineGuard (France), Spinal Solutions Inc. (USA), Stryker Corporation (USA), and Zimmer Biomet Holdings, Inc. (USA).

Global Spinal Implants Market - Segments

The global spinal implants market has been segmented on the basis of material, procedure, product, and lastly region. Material based segmentation of this market segments the market into plastic, stainless steel, titanium, titanium alloy, and others. Based on the procedure, the market has been segmented into minimally invasive surgery (MIS), open surgery, and others.

The product-based segmentation covers spine biologics, spinal bone stimulators, spinal fusion devices, non-fusion devices/motion preservation devices, Vertebral Compression Fracture (VCF) treatment devices, and others. Spine Biologics have been sub-segmented into bone graft substitutes, cell-based matrix, and spinal allografts. The bone graft substitutes have been further segmented into bone morphogenetic proteins and synthetic bone grafts. The further segmentation of spinal allografts covers demineralized bone matrix and machined bones allograft.

Spinal Implants Market – Regional Analysis

The regional segmentation of the global spinal implants market has segmented the market on the basis of continents named The Americas (North America & South America), Europe, Asia Pacific, and the Middle East and Africa (MEA). The Americas dominate the global spinal implants market due to the advancement in manufacturing processes, the contribution of nanotechnology to the pharmaceutical packaging market, and technological innovation.

Europe is an important market because, after North America, it is the most technologically advanced market. Due to the reasons same as the Americas, Western Europe is a bigger market than Eastern Europe. In Western Europe, the most significant country based markets are France, Germany, Italy, Spain, and the United Kingdom (UK), followed by the rest of Western Europe. In Europe, the spinal implants market is growing due to due to its increasing geriatric population and the growing demand by geriatric people for the spinal implants and devices.

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According to the report, Asia Pacific is an emerging market due to the rapid urbanization and the gradual increase in obesity which has led to increased spinal disorders. The most important factors that are creating the demand for spinal implants and driving the market include advanced treatments, increasing awareness with regards to spinal problems and novel spine treatment techniques, increasing healthcare expenditure, and increasing government support for advanced healthcare technologies. The primary country-specific markets in this region are Australia, China, India, Japan, and South Korea, followed by the rest of the Asia Pacific region.

In the MEA region, the market is small and limited. Reasons for the limited market growth in this region are lack of awareness, lack of education, lack of technological development, political instability and healthcare not being considered a priority by the government. In this region, the maximum revenue is generated by the country-specific markets namely Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE), followed by the rest of the MEA region.

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