The spinal implants industry will expect to grow with factor such as advancements in surgical technologies.
The progress in the demand for spinal implants in healthcare facilities is due to the rising incidence of scoliosis, kyphosis, degenerative spinal disorder, degenerative disc diseases and geriatric population in the Asia-Pacific region. The vast product portfolio with enormous options for almost all major spinal injuries further impels the Asia-Pacific spinal implants market growth. But product recall by various companies hampers the future growth of spinal implants market.
Spinal Implants Market Scenario
According to Data Bridge Market Research, the market for spinal implants in the China has the highest market share followed by Japan and India. The market leader is Stryker which accounts an estimated market share of approximately 22% to 30%. The company provides its spinal implants in market which can be utilized by different sectors.
- In February 2021, Medtronic announced that major surgeons have utilized Medtronic’s newly approved Midas Rex and Mazor Robotic guidance system for successfully performing minimally invasive spinal procedures. This has become the next step in spine surgeries, thereby increased credibility and revenue over the market.
Trends Impacting the Spinal Implants Market
Now the question is which other countries Stryker, Medical Devices Business Services, Inc. (a subsidiary of Johnson & Johnson Services, Inc.) and NuVasive, Inc. are targeting? Data Bridge Market Research has estimated a large growth in China spinal implants market and the market leaders targeting the Japan and India to be their next revenue pockets for 2021.
The spinal implants market is becoming more competitive every year with companies such as Stryker, Medical Devices Business Services, Inc. (a subsidiary of Johnson & Johnson Services, Inc.) and NuVasive, Inc as they are the market leaders for spinal implants. The Data Bridge Market Research new reports highlight the major growth factors and opportunities in the spinal implants market.
For more analysis on the spinal implants market, request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=asia-pacific-spinal-implants-and-spinal-devices-market
Spinal Implants Market Development
- In December 2020, Globus Medical announced that it has been awarded with a group purchasing agreement with Premier, a leading group purchasing organizations in the U.S. This agreement done by the company has increased its credibility in the market leading to increased revenue in future.
Scope of the Spinal Implants market
Asia-Pacific spinal implants market is segmented on the basis of countries into the Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Rest of Asia-Pacific.
- All country based analysis of spinal implants market is further analyzed based on further segmentation. On the basis of product, the spinal implants market is segmented into fusion devices, non-fusion devices, spine biologics, spine bone stimulators and others. On the basis of material, the spinal implants market is segmented into metals, ceramic, biomaterial, polymers and others. On the basis of technology, the spinal implants market is segmented into fusion, spine biologics, VCF, decompression, motion preservation and others. On the basis of surgery type, the spinal implants market is segmented into open surgeries and minimally invasive surgeries. On the basis of end user, the spinal implants market is segmented into hospitals, specialty clinics, spine centers, trauma centers, ambulatory surgical centers (ASCs) and others. On the basis of distribution channel, the implants market is segmented into direct tender and retail sales.
To know more about the study https://www.databridgemarketresearch.com/reports/asia-pacific-spinal-implants-and-spinal-devices-market
Key Pointers Covered in Spinal Implants Market Industry Trends and Forecast to 2028
- Market Size
- Market Standards and Changes
- Market Trials in Different Regions
- Market Requirements in Different Regions
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Recent Market Value for Different Regions
- Sales Data for Market Competitors
- Market Key Vendors and Disruptors Study
- Impact of COVID-19 in the Market
Key Market Competitors Covered in the Report
- Medtronic
- Canwell Medical Co., Ltd.
- NuVasive, Inc.
- SeaSpine
- Globus Medical
- RTI Surgical
- MW Industries, Inc. (MWI)
- Captiva Spine, Inc.
- XTANT MEDICAL
- SINTX Technologies, Inc
- Orthofix Medical, Inc.
- Alphatec Holdings, Inc.
- Wenzel Spine, Inc.
- Johnson & Johnson Services, Inc.
- Tecomet, Inc.
- Stryker
- Zimmer Biomet
Above are the key players covered in the report, to know about more and exhaustive list of spinal implants companies’, contact us https://www.databridgemarketresearch.com/toc/?dbmr=asia-pacific-spinal-implants-and-spinal-devices-market
Research Methodology: Asia-Pacific Spinal Implants market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Healthcare Professionals, Doctors and Product Manufacturers
- Supply Side: Service Providers, Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence and Regulatory Affairs Managers among others.
Related Reports
- Global Spinal Implants Market – Industry Trends and Forecast to 2028
- Global Spinal Implants and Surgical Devices Market – Industry Trends and Forecast to 2026
- Global Flexible Spinal Implants Market – Industry Trends and Forecast to 2028
Browse in Healthcare Category Related Reports@ https://www.databridgemarketresearch.com/report-category/healthcare/
