(EMAILWIRE.COM, December 05, 2018 ) Spinal Implants Market Overview

Spinal implants are used in spondylolisthesis, traumatic fractures, degenerative discopathies and various forms of vertebral instability, including scoliosis during spinal implant surgery. In these surgical procedures, implant systems with preformed shape and function are used as needed. These implants help stabilize and strengthen the spine. They also facilitate fusion and correct deformations. The metals used in spinal implants are stainless steel, titanium or titanium alloys. Implants composed of non-metallic compounds, such as carbon / PEEK, are also present. They are present in many shapes and sizes to serve a wide range of patient age groups. 

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Augmenting geriatric and obese population, technological advancements in spine surgery devices, rising incidence and prevalence of spinal disorders and growing demand for minimally invasive spine surgery are the primary factors driving the growth of Spinal Implants market.

Cumbersome and stringent processes and regulatory frameworks in developed countries for the approval of product, uncertainty in reimbursement and high cost of treatment procedures are few of the inhibitors market growth. Further, secondary factors like, lack of patient awareness about the newly developed spine treatment procedures coupled with paucity of adequate physician education and government cost containment measures are also contributing to restrain the market growth. 

Spinal Implants Market Forecast Report (2018-2023)

Global Spinal Implants market size was around USD 14774 Million in 2018. It is expected to grow at a CAGR of 5.34% to reach USD 19244 Million by 2023 

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Spinal Implants Market Segmentation

Global Spinal Implants market can be categorized into three categories: by technology, by product, and by type of surgery. On the basis of technology, Spinal Implants market is classified into Spinal Fusion and Fixation Technologies, Vertebral Compression Fracture Treatment, Motion Preservation/Non-Fusion Technologies and Spinal Decompression. If we go by product, Spinal Implants market is segmented into Thoracic Fusion and Lumbar Fusion Devices. It is further sub-segmented into Posterior Thoracic Fusion and Lumbar Fusion Devices, Interbody Thoracic Fusion and Lumbar Fusion Devices, Cervical Fusion Devices, Spine Biologics, Vcf Treatment Devices, Spinal Decompression, Non-Fusion Devices, and Spine Bone Stimulators.

Interbody Thoracic Fusion and Lumbar Fusion Devices has been further segmented into By Approach (Anterior Lumbar Interbody Fusion Devices, Posterior Lumbar Interbody Fusion Devices, Transformational Lumbar Interbody Fusion Devices and Axial Lumbar Interbody Fusion Devices), By Material (Non-Bone Interbody Fusion Devices and Bone Interbody Fusion Devices) and Anterior Thoracic Fusion and Lumbar Fusion Devices. Cervical Fusion Devices is further classified into Anterior Cervical Fusion (Anterior Cervical Plates, Cervical Interbody Fusion Devices and Anterior Cervical Screw Systems) and Posterior Cervical Fusion (Posterior Cervical Plates, Posterior Cervical Screws and Posterior Cervical Rods).

Spine Biologics is further categorized into Dematerialized Bone Matrix, Bone Morphogenetic Proteins, Bone Substitutes, Machined Bones, Cell-Based Matrices and Allografts. Vcf Treatment Devices is further segmented into Balloon Kyphoplasty Devices and Vertebroplasty Devices. Spinal Decompression is further divided into Discectomy, Laminoplasty, Laminectomy, and Laminotomy, Foraminotomy and Foraminectomy, Facetectomy and Corpectomy. Non-Fusion Devices are further classified into Dynamic Stabilization Devices (Interspinous Process Spacers, Pedicle-Based Dynamic Rod Devices and Facet Replacement Products), Artificial Discs (Artificial Cervical Discs and Artificial Lumbar Discs), Annulus Repair Devices and Nuclear Disc Prostheses. Spine Bone Stimulators are further segmented into Non-Invasive Spine Bone Stimulators (Pulsed Electromagnetic Field Devices and Cc and Cmf Devices) and Invasive Spine Bone Stimulators. Last but not the least, on the basis of type of surgery the market is segmented into Open Surgeries, and Minimally Invasive Surgeries.

By geography, the global Spinal Implants market has been categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Presently, North America accounts for the largest market share while Asia Pacific has the highest CAGR. 

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Major Players: 

The major companies dominating this market for its products and services are

Medtronic, plc (Ireland),
DePuy Synthesis (U.S.),
Stryker Corporation (U.S.),
NuVasive, Inc. (U.S.),
Zimmer Biomet Holdings, Inc. (U.S.),
Globus Medical, Inc. (U.S.),
Alphatec Holdings, Inc. (U.S.),
Orthofix International N.V. (Netherlands),
K2M Group Holdings, Inc. (U.S.),
RTI Surgical, Inc. (U.S.).
 

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