Spinal Implants and Surgical Devices Market Size, Growth 2022-Global Trends, Market Demand, Industry Analysis, Opportunities and Forecast 2027
Global Spinal Implants and Surgical Devices Market 2022 report provides in-depth analysis of the Spinal Implants and Surgical Devices Market, market size and cumulative annual growth rate CAGR for the forecast period: 2022 – 2027, considering 2022 as the base year.
Global Spinal Implants and Surgical Devices Market forecast by regions, type, and application, with sales and revenue, from 2022 to 2027. And also report covers the market landscape and its growth prospects over the coming years. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered. Latest global Spinal Implants and Surgical Devices Market research report 2022 provides detail information about market overview, modern trends, demand, and recent development affecting market growth during upcoming year. Moreover Spinal Implants and Surgical Devices Market report also covers the new business development, price, revenue, gross margin, market size, share, potential growth and upcoming market strategy followed by leading players. This report also gives the knowledge of major company profiles within the market. The report focuses on the Spinal Implants and Surgical Devices Market size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends.
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The report focuses on regional development status, which includes the market size, share, and volume. The Spinal Implants and Surgical Devices Market report presents some of the key data, which would help the stakeholders in the industry besides the analysts and business decision makers.Production, consumption, cost, gross margin, revenue, market share and factors influencing market and CAGR has found its place in the report.
Spinal Implants and Surgical Devices Market Report is a Top to Bottom analysis covers every aspect of the business. Broad essential and optional research has been utilized to precisely set up this report. Moreover, it highlights insights from industry specialists. Relationships and time-arrangement models are incorporated into the Spinal Implants and Surgical Devices report with the goal that it might give an In-depth analysis of the key business patterns. The report starts with a fundamental Spinal Implants and Surgical Devices market review. It also acts as a vital tool to industrial dynamics and value chain and for new aspirants by empowering them to take advantage of the openings and develop business strategies.
The major factors for the growth of the spinal implants and surgical devices market include the increased incidence of spinal disorders, rising demand for minimally-invasive surgeries, and technological advancements in bone grafting products.
Spine disorders (SD) and the associated pain are a major medical, social, and economic problem, due to its high prevalence and the ever-increasing number of patients in the general population. In most of the SD cases, patients experience the pseudo-radicular pain, and in the majority, the pain results from degenerative changes in the spine, involving the intervertebral discs, facet joints, and soft tissues. Spine-related disorders are among the most frequently encountered problems in clinical medicine. Low back pain (LBP) is found to be affecting up to 80% of the population at some point in life. Every year, between 250,000 and 500,000 people suffer a spinal cord injury (SCI), around the world. According to the National Spinal Cord Injury Statistical Center, 2016, the annual incidence of spinal cord injury (SCI) is approximately 54 cases per one million people in the United States, or about 17,500 new SCI cases each year. In 2016, the number of people with spinal cord injuries, in the United States, has been estimated to be approximately 2,82,000 persons, and this number is expected to increase in the coming years. The increasing incidence of spinal disorders, such as cervical spondylitis, prolapsed intervertebral disc, spinal stenosis, herniated disc, and vertebral fracture, helped in driving the spinal implants and surgery devices market, globally. Hence, the development of novel and effective technologies in spine care and devices is anticipated to drive the demand for these implants and devices.
Scope of the Report
As per the scope of the report, spinal implants are used in the surgeries to treat spinal deformities, such as isthmic spondylolisthesis and spinal stenosis. Most of the spinal implants are generally made of metals. Spine surgery is one of the fastest-growing surgical techniques and has evolved into one of the major segments of the orthopedic and neurology industries. The market is segmented by technology, product, type of surgery, and geography.
Key Market Trends
The Open Surgery Segment, under Type of Surgery, is Expected to Hold the Largest Market Share, during the Forecast Period
A lumbar laminectomy, also known as an open decompression, is being typically performed to alleviate the pain caused by neural impingement that can result from lumbar spinal stenosis. The open spine surgery approach is an old school practice, and during this surgery, the surgeon creates a large incision in the back. The surgeon then begins dissecting the spinal muscles to pull them away from the bones. They visualize the surgical area and use the instruments to begin cutting the material away, compressing the nerves of the spine. Once the surgery is over, they remove the surgical instruments and stitch up the incision. However, the average time a patient stays in the hospital after their open spine surgery is around three hours and includes 400-500 mL of blood loss, as compared to a minimally-invasive procedure that lasts around 75 minutes and has around 40-50 mL of blood loss. The open back surgery has historically been the standard to treat herniated discs, spinal stenosis, degenerative disc disease, foraminal stenosis, and other neck and back problems. The benchmark is created by some open surgeries among other procedures in the treatments, thus holding the maximum market share. On the other hand, minimally-invasive surgery has provided patients with a safer and effective alternative to traditional open spine surgery. Hence, owing to the presence of minimally-invasive procedures in the market, open surgeries are not being preferred in the present scenario.
North America accounted for the Largest Share in the Global Market
North America holds a major share for the spinal implants and surgical devices market and is expected to show a similar trend over the forecast period, without significant fluctuations. The growth in the United States is driven by technological advancement, elderly patients expecting a higher level of function, and reimbursement models that incentivize complex fusion surgery and has helped in driving the spinal implants and surgical devices market. The interbody fusions were the most commonly performed spinal procedures in the United States. Another leading type of spinal fusion in the United States is a cervical fixation. In 2017, 85.5% of cervical fixation procedures in the United States were estimated to be performed via an anterior approach. The posterior procedures have gained popularity in recent years, and are expected to increase more rapidly than anterior procedures. In 2017, Aesculab launched the lumbar artificial disc replacement, the activL Artificial Disc, which is now available at several hospitals. It is considered to be the next evolution of artificial discs, as it has an extra dimension of motion, which is not found in any other product in the market. With this latest generation disc available in the United States, spine surgeons believe they can cost-effectively provide artificial disc replacement to patients, making traveling overseas for surgery unnecessary. Hence, the aforementioned new advances have helped in the growth of the market.
The market studied is moderately competitive, owing to the presence of a few major and small players in the market. The market players are focusing on technological advancements and reducing the cost of the products. Some of the major players in the market are Alphatec Spine Inc., Depuy Synthes (Johnson and Johnson), Globus Medical Inc., NuVasive Inc., Orthofix Holdings Inc., RTI Surgical Inc., Stryker Corporation, and Zimmer Biomet.
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Spinal Implants and Surgical Devices Market for 2022-2027. To calculate the market size, the report considers new installations or sales and subscription payments of Spinal Implants and Surgical Devices.
The scope of the Report: This report centers around Spinal Implants and Surgical Devices in the worldwide market, particularly in Top countries. This report segments the market on the basis of manufacturers, types, and applications.
Regional Market Analysis:
The Spinal Implants and Surgical Devices Market report includes Global and Regional market status and outlook 2022-2027. Further, the report provides break down details about each region and countries covered in the report. Identifying its sales, sales volume and revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East and Africa
Global Spinal Implants and Surgical Devices Market 2022-2027, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Spinal Implants and Surgical Devices Market Trend
- Growing research activities coupled with new product launches.
Spinal Implants and Surgical Devices Market Driver
- High Opportunity in the Industry
Spinal Implants and Surgical Devices Market Challenge
- Complications associated with Spinal Implants and Surgical Devices procedures.
Key Questions the Report Answers:
- What are the major factors affecting the Spinal Implants and Surgical Devices industry in 2022 and beyond?
- Will the Spinal Implants and Surgical Devices sector change its approach to air freight and adopt that seen in the sector?
- How will key trends impact various Spinal Implants and Surgical Devices logistics segments?
- How has Covid-19 impacted Spinal Implants and Surgical Devices market logistics market size? And how has each region been impacted during the course of 2020?
- What impact will a shift to a Circular Economy have on global trade?
- What strategies and technologies are the top Spinal Implants and Surgical Devices manufacturers adopting in response to the challenges faced within the industry?
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Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness â?? Porterâ??s Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth and Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
6.2.2 North America
184.108.40.206 United States
220.127.116.11 Rest of North America
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
6.2.4 South America
126.96.36.199 Rest of South America
6.2.5 Middle East and Africa
188.8.131.52 South Africa
184.108.40.206 Rest of Middle East and Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers and Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products and Services, and Recent Developments)
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