Global Spinal Fusion Market, By Product Type (Interbody Cages, Pedicle Screws & Rods, Spinal Fusion Plates), Procedure Type (Posterolateral Fusion, Interbody Fusion), End-User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers), Type (Traditional Spinal Fusion Procedure, Posterior Lumbar Interbody Fusion, Anterior Lumbar Interbody Fusion, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Spinal Fusion Market
Spinal fusion market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 5.10% in the above-mentioned forecast period. Rising number of aging population drives the spinal fusion market.
Spinal fusion or spondylosyndesis or spondylodesis is defined as a procedure that is used to solve the issues or problems related with the small bone in the spine or verterbrae. It is a type of process in which two spines are joined so that they can combine into a single solid bone. Tumor, scoliosis, fractured verterbrae, spinal stenosis, herniated disk among others are the situation where spinal fusion is done and the main aim of the procedure is to reduce the pain during motion and restore the stability of the spine.
Increasing road accidents is the vital factor escalating the market growth, also rise in the advancements in surgical procedure and surge in healthcare expenditure, rise in the awareness towards treatment in both developed and developing countries and preference towards preventive healthcare over reactive and external partnerships in research and rise in the knowledge of minimally invasive techniques among surgeons and patients are the major factors among others driving the spinal fusion market. Moreover, rising technological advancements and modernization in the healthcare devices, rising research and development activities in the market and rising demand for the treatment in emerging markets base will further create new opportunities for spinal fusion market in the forecasted period of 2021-2028.
However, high setup cost and rise in the price of the spinal fusion surgeries are the major factors among others which will obstruct the market growth, and will further challenge the growth of spinal fusion market in the forecast period mentioned above.
Spinal fusion market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on spinal fusion market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Spinal Fusion Market Scope and Market Size
Spinal fusion market is segmented on the basis of product type, procedure type, end-user and type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product type, spinal fusion market is segmented into interbody cages, pedicle screws & rod and spinal fusion plates.
- Based on procedure type, the spinal fusion market is segmented into posterolateral fusion and interbody fusion.
- Based on end-user, the spinal fusion market is segmented into hospitals, specialty clinics and ambulatory surgical centers.
- The spinal fusion market is also segmented on the basis of type into traditional spinal fusion procedure, posterior lumbar interbody fusion, anterior lumbar interbody fusion and others.
Spinal Fusion Market Country Level Analysis
Spinal fusion market is analysed and market size insights and trends are provided by country, product type, procedure type, end-user and type as referenced above.
The countries covered in the spinal fusion market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the spinal fusion market due to rise in the robust healthcare infrastructure combined with focus on development of new devices along with improved diagnosis in this region. Asia-Pacific is the expected region in terms of growth in spinal fusion market due to increase in the incidence of spinal disorders and increase in healthcare expenditure in this region.
The country section of the spinal fusion market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Spinal fusion market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for spinal fusion market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the spinal fusion market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Spinal Fusion Market Share Analysis
Spinal fusion market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to spinal fusion market.
The major players covered in the spinal fusion market report are Zimmer Biomet, Stryker., MicroPort Scientific Corporation, Medtronic, Johnson & Johnson Services, Inc., Integra LifeSciences, Orthofix Holdings, Inc., Weigao group, Bo NING Hua medical devices Beijing Co., Ltd., NuVasive, Inc., B. Braun Melsungen AG, Globus Medical Inc, RTI Surgical Holdings, Inc., Vallum Corporation, Choice Spine and Life Spine, Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.