Zion Market Research, the market research group announced the analysis report titled ‘Spinal Fusion Devices Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026’
Sarasota, FL — (SBWIRE) — 06/12/2018 — Global Spinal Fusion Devices Market: Overview
The spinal fusion devices are used for the treatment of the spinal disorders. The devices help in restoring the functionality and the proper placement of the spine. Spinal stenosis, a type of spinal disorder, is the most common problem in the individuals aged over 50 years. The aging population is also at a high risk for the spinal disorders along with those having lower immunity. Other factors causing spinal disorders are diet, weight, lifestyle factors, and smoking.
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Global Spinal Fusion Devices Market: Growth Factors
The spinal fusion devices market is driven by the factors such as a rise in the geriatric population and the increasing occurrences of the spinal disorders. Furthermore, the growth in the inclination of the minimally invasive surgery techniques for the treatment of the spinal disorders and the increasing number of patients being registered for the spinal disorders fuels the growth of the market. Other factors triggering the growth of the market are the developments in the spinal devices that are highly upgraded, safer, and cost-effective in nature along with the growth in the obese population.
Lack of skilled professionals, inadequate reimbursement policies, and the absence of patient awareness regarding the spinal disorders and treatments are some of the factors limiting the growth of the market.
Global Spinal Fusion Devices Market: Segmentation
The global spinal fusion devices market can be segmented on the basis of technology, product, and by surgery type. On the basis of technology, the global market is segregated into vertebral compression fracture treatment, spinal decompression, spinal fusion and fixation technologies, and motion preservation/non-fusion technologies. Based on the product, the spinal fusion devices market is categorized into thoracic fusion and lumbar fusion devices, spine biologics, non-fusion devices, spinal decompression devices, cervical fusion devices, vertebral compression fracture treatment devices, and spine bone stimulators. Based on the surgery type, the market is divided into minimally invasive surgery and open surgery.
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Global Spinal Fusion Devices Market: Regional Analysis
The major market share for the spinal fusion devices is anticipated to be held by North America followed by Europe. The spinal fusion devices market is driven by the increasing awareness levels about the treatments for the spinal disorders and the developing product portfolios by the market players.
The Asia Pacific is anticipated to grow at a rapid rate in the coming years owing to the increased healthcare expenditure in the emerging nations. The other factors that are driving the Asia Pacific spinal fusion devices market are a rise in the disposable incomes, favorable government policies and investments, increased obesity cases, growing population base, and the rise in the awareness levels about the spinal disorders and its treatment techniques.
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Global Spinal Fusion Devices Market: Competitive Players
Some of the most important market players in the spinal fusion devices market are DePuy Synthes, NuVasive, Inc., Globus Medical, Inc., Orthofix International N.V., RTI Surgical, Inc., Medtronic, plc, Stryker Corporation, Zimmer Biomet Holdings, Inc., Alphatec Holdings, Inc., and K2M Group Holdings, Inc., among others.
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