Data Bridge Market Research Has Added a New Market Report on "GlobalSpinalImplantsMarket - Analysisand Forecast 2012 - 2020" to Their Product Portfolio of Healthcare Reports.
Pune, India, November 23, 2015 (Newswire.com) - In a spine surgery, high quality instruments are especially used in Implants that are fitted in spine to replace any defective vertebra or disc to support the spine. The spinal implants has an important segment in the orthopedic market with a share of 24.3% in the year 2014. Spine surgeries are basically recommended to the patients suffering from chronic back pain due to disc herniation; isthmic spondylolisthesis; degenerative diseases, such as degenerative spondylolisthesis, and spinal stenosis; and many others. Generally, low back pain is a common symptom reported by 30.0% patients with spine instability, but the source of pain needs to be identified before undergoing any surgery.
Spinal implants are segmented byproduct type, into spinal fusion and spinal non-fusion, wherein spinal fusion, which fuses vertebrae together to treat back pain and is commonly done in the lumbar region of the lower back, is by far the most common spine procedure globally. The spinal fusion segment is divided into cervical fusion, thoraco-lumbar fusion, and others. Spinal non-fusion products, such as dynamic stabilization devices (or motion preservation devices) have become the treatment of choice (especially for young patients), in comparison to the other two segments of the spinal non-fusion segment, namely, interspinous process decompression (IPD) devices and total disc replacement.
The Europe spinalimplants devices market is estimated at $1,669.2 million in 2014 and is projected to reach $2.3billion by 2020, at a CAGR of 6.2% during the forecast period from 2015 to 2020. By type, the spinal fusion segment has a market share of 82.6%, which is followed by the non-fusion segment of 17.4% in 2014.
In the spinal fusion segment, thoraco-lumbar fusion is increasing at a high CAGR of 6.5% during the given forecast period. However, in the spinal non-fusion segment dynamic stabilization devices sub-segment has the highest CAGR of 12.9% during the given forecast period.
Geographically, this market is segmented into the major geographiesNorth America, Europe, Asia-Pacific and Rest of the World (RoW). In the European region Germany has the largest market share due to its technological advancements, government regulations, rise in population of aged people, and improved healthcare infrastructure. The German SpinalImplants Market is followed by the France, U.K, Italy and Spain. Germany is expected to witness a high growth rate in the spinalimplants market in the next few years due to the rise in the patient base, increasing healthcare expenditure, and growing awareness regarding the availability of various orthopedic devices for cervical and lumbar treatments along with non-fusion products in this region. In addition, the increasing focus on advancement in treatments is increasing with more innovative products, which is expected to drive the market for spinalimplants. However, its high cost of implants is one of the major factors restraining the growth of the Europe spinalimplants market.
The report also includes company share analysis for the major companies operating in this market by major regions North America, Europe and Asia Pacific. The details of mergers & acquisitions, product launches, expansions, and product life cycle matrix is also a part of this report. Some of the major companies operating in the spinalimplants market are Zimmer Inc.(U.S.), DepuySynthes Companies(U.S.), Stryker (U.S.), Medtronic (U.S.), Alphatec Spine, Inc.(U.S), NuVasive Inc.(U.S.), Integra Lifesciences Holdings Corporation(U.S.), Orthofix International N.V. (U.S), Globus Medical Inc. (U.S), LDR Holding Corporation (U.S), K2M Inc. (U.S.), and B. Braun Melsungen (Germany).
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