The global Thoracolumbar Spine Devices market report assesses the Thoracolumbar Spine Devices industry in the global market with regards to the industry trends, industry growth, size, share, drivers, restraints, opportunities, challenges, cost analysis, market size in terms of value or volume, extensive profiling of the companies, competitive landscape, product portfolio, and other key elements during forecast period. The study also provides deeper insights into the market with regards to the scope and application of the market to impart a better understanding of the market.
Furthermore, the report covers various important aspects of
the industry such current and emerging trends, updated outlines, growth
factors, restraints, growth prospects and opportunities, regulatory framework
and government policies, macro and micro economic factors, and other factors
that enable to draw projections for the estimated market growth in the forecast
period.
Thoracolumbar Spine Devices Market Growth
Market Size – USD 11.52 billion in 2018, Growth - CAGR of 3.5%, Trends –
Increase in geriatric population. Increasing occurrences of spine
disorders is one of the significant factors influencing market growth.
Key participants include:
Medtronic, DePuy Synthes, Stryker, Zimmer Biomet, NuVasive Inc., Alphatec Spine
Inc., Globus Medical, RTI Surgical Holdings Inc., Captiva Spine LLC, and
Paragon Medical, among others.
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For the purpose of this report, Reports
and Data have segmented the global Thoracolumbar Spine Devices Market Growth
market on the basis of device type, disease type, surgery type, end-users, and
region:
Device Type
Outlook (Revenue, USD Million; 2016-2027)
- Fusion Devices
- Non-Fusion
Devices
- Spinal
Electrical Simulation Devices
Disease
Type Outlook (Revenue, USD Million; 2016-2027)
- Degenerative
Disc Disease
- Traumas &
Fractures
- Complex
Deformity
- Others
Surgery
Type Outlook (Revenue, USD Million; 2016-2027)
- Open Surgery
- Minimally
Invasive Surgery
End-Users Outlook
(Revenue, USD Million; 2016-2027)
- Hospitals
- Clinics
- Ambulatory
Surgical Centers
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Further
key findings from the report suggest:
- By
device type, fusion devices contribution to the largest market share in
2018. Covid 19 Impact Covered Spinal Fusion Devices procedure is usually
done for the treatment of spinal disorders, such as degenerative,
deformity, traumatic, and tumor, among others.
- By
surgery type, open surgery dominated the market share in 2018 and is
likely to grow at a rate of 2.2% in the forecast period. Open surgery
gives the visual information essential to diagnose a condition accurately.
Also, some kinds of surgeries need access to larger areas to insert
materials like in the case of an aortic aneurysm repair when a stent
cannot be placed.
- By end-users,
hospitals held the largest market share in 2018 and is expected to grow at
a rate of 3.2% in the forecast period. The factors including
well-resourced operating & diagnostic rooms, higher purchasing power,
existence of highly skilled healthcare professionals, and improved health
coverage for hospital-based healthcare services from several private and
group insurance plans, among others, are responsible for the high market
share of hospitals.
- The
market in the Asia Pacific region is likely to grow at the fastest rate of
4.7% in the period 2019-2027, due to the improving healthcare
infrastructure, rising investments in diagnostic imaging, and better
reimbursement scenario.
Regional Outlook (Revenue, USD Billion; 2018 – 2028)
·
North America
o US
o Canada
o Mexico
·
Europe
o Germany
o UK
o France
o Italy
o Spain
o Russia
o Rest of Europe
·
Asia Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia Pacific
·
Latin America
o Brazil
o Rest of Latin America
·
Middle East and Africa
o Saudi Arabia
o UAE
o South Africa
o Rest of Middle East
& Africa
To identify the key trends in the industry,
click on the link below: https://www.reportsanddata.com/report-detail/spinal-devices-market
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