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Spinal Devices Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players - Medtronic, J & J, NuVasive, Stryker

23 Mar, 2022 | 120 Pages
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Registering a CAGR of 3.4% over the forecast period of 2022-2027, the global spinal devices market is anticipated to reach the market value of US$ 12680 million in the year 2027 from US$ 10030 million in the year 2022.



Spinal Devices Market Overview



Spinal devices use surgical procedures in order to implant titanium-alloy, non-metallic devices, stainless steel, titanium into the spine in order to provide a permanent solution to spinal instability.



North America remains the biggest market for consumption with a share of nearly 70% in the year 2018 which is followed by APAC in second place with a share of 14%.



Spinal implants are devices that are used to allow fusion and enhance the stability of the spine, treat spinal level deformities, and strengthen the spine. These implants are used to treat numerous disorders like fracture, scoliosis, kyphosis, and spondylolisthesis. The primary purpose of these implants is to help fuse two vertebrae together and replace natural disc material. In addition, these implants are also used to treat degenerative changes and spinal misalignments.



Who are the Major Players in Spinal Devices Market?



Top Key Players in the Spinal Devices Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Spinal Devices Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Medtronic, J & J, NuVasive, Stryker, Globus Medical, Zimmer Biomet, Orthofix International, Spinal Elements, B. Braun, Alphatec, RTI Surgical, SeaSpine, Spineart, Xtant Medical, Wright Medical, and others.



Industry Updates:




  • SCS portfolio features the largest portfolio of full-body MRI conditional devices that combine therapy options for personalized pain relief- Boston Scientific (NYSE: BSX) has announced a limited market release of the WaveWriter Alpha™ portfolio of Spinal Cord Stimulator (SCS) systems. The unified portfolio of four MRI conditional, Bluetooth-enabled rechargeable and non-rechargeable implantable pulse generators (IPGs) provides uncompromised personalization, and for the first time in SCS, Fast Acting Sub-perception Therapy (FAST™) designed to deliver profound paresthesia-free pain relief in minutes.i The systems are supported by the Cognita™ Solutions suite of digital tools for patients and physicians.

  • Medtronic adds three new devices to the minimally invasive spinal business- Medtronic (NYSE: MDT) this week announced that it has launched three new devices for its minimally invasive spinal technologies ecosystem.

  • Nexus Spine launches spinal implants- Nexus Spine today launched its PressOn patient-specific fixation system for stabilizing the human spine and its Tranquil flexible titanium device for interbody fusion.

  • Medtronic announces US launch of titanium spinal implant- Medtronic has announced the U.S. launch of Adaptix Interbody System, a navigated titanium implant with Titan nanoLOCK surface technology, a blend of surface textures on the macro, micro, and nano levels.

  • SAGICO Announces North American Launch of Expandable Spinal Implants- Spinal Analytics & Geometrical Implant Co, (SAGICO), an innovative spinal implant company, announced today the North American debut of its proprietary spinal restoration technology. The North American debut of the innovative SAGICO IBF System, Aria Lumbar and Arion Cervical, introduces expandable interbody fusion devices during the North American Spine Society (NASS) annual conference and exhibition in Orlando, Florida.

  • Xenco Medical launches its CancelleX Bio-inspired spinal implants- Xenco Medical is an American medical technology company committed to disruptive innovation for the purposes of creating a safer surgical environment.



What are the major Applications, Types and Regions for Spinal Devices Market?



Spinal Devices Market is segmented based on the type, applications, companies and regions.



Market Volume (%) By Type, it is segmented into




  • Spinal Fusion

  • Non-fusion Products

  • Other



Market Volume (%) By Applications it is segmented into




  • Open Surgery

  • Minimally Invasive Surgery

  • Other



Spinal Devices Market Regional Analysis



North America is projected to lead the worldwide spinal devices market and accounts for over 40% of the global share in 2017. Increase in prevalence of chronic diseases, increasing technological innovations and growing geriatric population are some of the factors attributing to the growth of the market. The APAC region is likely to grow at the fastest CAGR over the forecast period.



All these factors greatly affect the Spinal Devices market growth. It further aims at providing complete overview on detailed assessment of significant features of different industries including sales value, sales volume, market revenue, and demand size, sales growth, pricing analysis and changing market growth factors in regions such as Follows,




  • North America


    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East & Africa

    • Latin America





The Spinal Devices Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Spinal Devices Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.



What is our Spinal Devices Market report scope?



The report includes in-depth assessment of the competitive landscape, product market sizing (Value and Volume), product benchmarking, market trends, product developments, financial analysis, strategic analysis and many more to measure the impact forces and potential opportunities of the market. As well as this the report also includes a study of major developments in the market like product launches, agreements, acquisitions, collaborations, mergers and many more to comprehend the prevailing market dynamics at current and its impact in the forecast period 2022-2027.























































Report Attributes



 



Report Details



 



Forecast Period 2022 to 2027 CAGR (Value and Volume)



 



CAGR of 3.4% during the review period (2022 to 2027).



Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)




  • Spinal Fusion

  • Non-fusion Products




  • Other



Market Volume (%) By Type(Revenue, USD Million, 2017 - 2022)




  • Open Surgery

  • Minimally Invasive Surgery

  • Others



Quantitative units



Revenue in USD million/billion and CAGR from 2022 to 2027



By Companies



Medtronic, J & J, NuVasive, Stryker, Globus Medical, Zimmer Biomet, Orthofix International, Spinal Elements, B. Braun, Alphatec, RTI Surgical, SeaSpine, Spineart, Xtant Medical, Wright Medical



 



Regions Covered




  • North America

  • Europe

  • Asia-Pacific

  • Rest of the World



 



 



 



 



 



 



Countries Covered




  • US

  • Canada

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Rest of Europe

  • China

  • Japan

  • India

  • Australia

  • South Korea

  • Rest of Asia-Pacific

  • Middle East & Africa

  • Latin America



 



Base Year



 



 



2022



 



Historical Year



 



 



2017 to 2021



 



Forecast Year



 



 



2022 to 2027



 



Customization Available



 



 



Yes, the report can be customized as per your needs




Key Highlights from this Spinal Devices Report




  • A comprehensive backdrop analysis, which contains an assessment of the parent market

  • Essential changes in market dynamics.

  • Market segmentation up to the second or third level.

  • Historical, current, and projected size of the market from the standpoint of both value and volume.

  • Reporting and evaluation of recent industry developments.

  • Market shares and strategies of major players.

  • Emerging niche segments and regional markets.

  • An objective assessment of the trajectory of the market.

  • Recommendations to companies for strengthening their foothold in the market.



All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.



Frequently Asked Questions



What is the study period of this market?



The Spinal Devices Market is studied from 2017 - 2027.



What is the growth rate of Spinal Devices Market?



The Spinal Devices Market is growing at a CAGR of 3.4% over the next 5 years.



Who are the key players in Spinal Devices Market?



Medtronic, J & J, NuVasive, Stryker, Globus Medical, Zimmer Biomet, Orthofix International, Spinal Elements, B. Braun, Alphatec, RTI Surgical, SeaSpine, Spineart, Xtant Medical, Wright Medical



What region does this Spinal Devices Market report covers?



North America (the United States, Canada, and Mexico)



Europe (Germany, France, UK, Russia, and Italy)



Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)



South America (Brazil, Argentina, Colombia, etc.)



The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)



What are the significant types of Spinal Devices Market?



Spinal Fusion, Non-fusion Products, Others



What are the major end-use applications of Spinal Devices Market?



Open Surgery, Minimally Invasive Surgery, Others.


  1. INTRODUCTION

    1. MARKET DEFINATION

    2. MARKET DYNAMICS

    3. MARKET SEGMENTATION

    4. REPORT TIMLINES

    5. KEY STAKEHOLDERS



  2. RESEARCH METHODOLOGY

    1. DATA MINING

      1. SECONDARY RESEARCH

      2. PRIMARY RESEARCH

      3. SUBJECT MATTER EXPERT ADVICE



    2. QUALITY CHECK

    3. FINAL REVIEW

      1. DATA TRIANGULATION

      2. BOTTOM-UP APPROACH

      3. TOP-DOWN APPROACH



    4. RESEARCH FLOW



  3. EXECUTIVE SUMMARY

    1. INTRODUCTION

    2. GLOBAL SPINAL DEVICES MARKET BY TYPES

    3. SPINAL DEVICES MARKET BY APPLICATIONS



  4. MARKET DYNAMICS

    1. DRIVERS

      1. INCREASING DEMAND FOR SPINAL DEVICES



    2. RESTRAINTS

      1. STRINGENT ENVIRONMENTAL REGUALTIONS

      2. HIGH COST ON MATERIALS



    3. OPPORTUNITIES

      1. SPINAL DEVICES GROWTH

      2. APPLICATION OF SPINAL DEVICES



    4. IMPACT OF COVID 19



  5. GLOBAL SPINAL DEVICES MARKET, TYPES

    1. INTRODUCTION

    2. SPINAL FUSION

    3. NON-FUSION PRODUCTS

    4. OTHER



  6. GLOBAL SPINAL DEVICES MARKET, BY APPLICATION

    1. INTRODUCTION

    2. OPEN SURGERY

    3. MINIMALLY INVASIVE SURGERY

    4. OTHER



  7. GLOBAL SPINAL DEVICES MARKET, BY REGION

    1. NORTH AMERICA

      1. US

      2. CANADA

      3. MEXICO



    2. EUROPE

      1. GERMANY

      2. FRANCE

      3. UK

      4. ITALY

      5. RUSSIA

      6. REST OF EUROPE



    3. APAC

      1. CHINA

      2. SOUTH KOREA

      3. JAPAN

      4. INDIA

      5. AUSTRALIA

      6. ASEAN

      7. REST OF APAC



    4. MIDDLE EAST & AFRICA

      1. SAUDI ARABIA

      2. UAE

      3. SOUTH AFRICA

      4. TURKEY

      5. REST OF MEA



    5. SOUTH AMERICA

      1. BRAZIL

      2. REST OF MEA

      3. ARGENTINA

      4. REST OF SOUTH AMERICA





  8. COMPETITIVE LANDSCAPE

    1. MERGERS, ACQUISITIONS, JOINT VENTURES, COLLABORATIONS,

    2. AND AGREEMENTS

      1. KEY DEVELOPMENT



    3. MARKET SHARE (%) **/RANKING ANALYSIS

    4. STRATEGIES ADOPTED BY LEADING PLAYERS



  9. COMPANY PROFILES

    1. BUSINESS OVERVIEW

    2. COMPANY SNAPSHOT

    3. PRODUCT BENCHMARKING

    4. STRATEGIC INITIATIVES

      1. INTODUCTION

      2. MEDTRONIC

      3.  J & J

      4.  NUVASIVE

      5.  STRYKER

      6.  GLOBUS MEDICAL

      7.  ZIMMER BIOMET

      8.  ORTHOFIX INTERNATIONAL

      9.  SPINAL ELEMENTS

      10.  B. BRAUN

      11.  ALPHATEC

      12.  RTI SURGICAL

      13.  SEASPINE

      14.  SPINEART

      15.  XTANT MEDICAL

      16.  WRIGHT MEDICAL





SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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