North America Spinal Trauma Devices Market By Device Type (Internal Fixation Devices, External Fixation Devices)
North America Spinal Trauma Devices Market By Device Type (Internal Fixation Devices, External Fixation Devices), By Region
(EMAILWIRE.COM, February 22, 2018 ) Spinal trauma devices are used for stabilizing spine injuries. It allows people to walk easily as it reduces the compression in the affected area of the spine thereby reducing pain and stress on the injured part giving body the time it needs to fix itself.Rapid advancements in technology coupled with their growing awareness in the less developed areas of the world, market demand shift from metallic fixators to bioresorbable implants and finally the ever increasing demand for minimally invasive treatments are expected to fuel the growth of this market in the forecast period.Inadequate insurance schemes and their proper regulation especially in the developing countries is a major restraint of market growth.The North America Spinal Trauma Devices market size was around USD 1.12 billion in 2017. It is expected to grow at a CAGR of 5.51% to reach USD 1.46 billion by 2022. It captures 35% of the global market share.
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This market is broadly classified by device type into External Fixation Devices and Internal Fixation Devices. Internal fixation devices accounted for the larger market share in 2016 and is expected to stay in the lead till the end of 2022. It is also predicted to grow at a CAGR of nearly 7% in the forecast period. It is further categorized into rods and pins, bone grafts and plate and screws. On the other hand the external fixation devices market category is anticipated to be growing at a CAGR of nearly 5%. Internal fixation devices are economical and highly efficient which explains the occurrence of above mentioned trend. Along with that they are also highly flexible and more durable and require less number of post-operative follow ups. Usage of external fixation devices can cause swelling. Braces, exoskeletons etc. fall in this category.
Classification by geography entails US and Canada. North America accounts for the largest market share. It is because US and Canada are the two leading countries in this market.
Key players in the market include Stryker Corp., CONMED Corp., Medtronic, Smith & Nephew plc. Other players in the market include NuVasive Inc., DePuy Synthes, Spinal Technology Inc., Arthrex Inc., ReWalk Robotics, Orthofix International NV, and others.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
About Market Data Forecast
Being a familiar face to the Fortune 500 companies in the field of market research, Market Data Forecast provides its clientele with research material through syndicated reports, consult projects and industry newsletters across various domains and verticals. Our in-house research panel, comprises of industry experts, vertical/domain specialists, supported by a well-built research & data models that help in providing insights for making well-informed decisions. We have a well-established data gathering network across 100+ countries through tie-ups and collaboration’s with the key personnel in value chains & local research organizations. Apart the excellent research services, we also boast of unique post-purchase services offering a 24*7 analyst support for the period of six months. Further, though a continuous feedback from our users, clients and experts, we keep on innovating ourselves in this field to support the organizations in the most efficient ways.
Get free research sample report at https://www.marketdataforecast.com/market-reports/north-america-spinal-trauma-devices-market-5179/request-sample
This market is broadly classified by device type into External Fixation Devices and Internal Fixation Devices. Internal fixation devices accounted for the larger market share in 2016 and is expected to stay in the lead till the end of 2022. It is also predicted to grow at a CAGR of nearly 7% in the forecast period. It is further categorized into rods and pins, bone grafts and plate and screws. On the other hand the external fixation devices market category is anticipated to be growing at a CAGR of nearly 5%. Internal fixation devices are economical and highly efficient which explains the occurrence of above mentioned trend. Along with that they are also highly flexible and more durable and require less number of post-operative follow ups. Usage of external fixation devices can cause swelling. Braces, exoskeletons etc. fall in this category.
Classification by geography entails US and Canada. North America accounts for the largest market share. It is because US and Canada are the two leading countries in this market.
Key players in the market include Stryker Corp., CONMED Corp., Medtronic, Smith & Nephew plc. Other players in the market include NuVasive Inc., DePuy Synthes, Spinal Technology Inc., Arthrex Inc., ReWalk Robotics, Orthofix International NV, and others.
Scope of the report
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategical activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
About Market Data Forecast
Being a familiar face to the Fortune 500 companies in the field of market research, Market Data Forecast provides its clientele with research material through syndicated reports, consult projects and industry newsletters across various domains and verticals. Our in-house research panel, comprises of industry experts, vertical/domain specialists, supported by a well-built research & data models that help in providing insights for making well-informed decisions. We have a well-established data gathering network across 100+ countries through tie-ups and collaboration’s with the key personnel in value chains & local research organizations. Apart the excellent research services, we also boast of unique post-purchase services offering a 24*7 analyst support for the period of six months. Further, though a continuous feedback from our users, clients and experts, we keep on innovating ourselves in this field to support the organizations in the most efficient ways.
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Market Data Forecast
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results