Market reports under the Spinal Implants industry are supported by various macro and microeconomic factors impacting the industry. We browse through historical data and provide an overview of the emerging markets and the next big opportunities for investors within the niche market. Increasing demand from emerging countries provides a good business opportunity for companies to invest in the coming years. Our reports are updated with changing industry regulatory policies and offer insight depending on the client’s requirement.
Spinal implants are medical devices that are used by spinal surgeons to treat deformities and stabilize and strengthen the spine. Spinal implants are used for the treatment of disorders such as scoliosis, spondylolisthesis, degenerative disc disease, spinal fractures, and kyphosis, amongst others.
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Market Segmentation of Spinal Implants Market:
Following Top Key players are profiled in this Market Study:
B. Braun Melsungen AG (Germany), DePuy Synthes (US), Exactech, Inc. (US), Globus Medical Inc. (US), K2M Group Holdings, Inc. (US), Medtronic Plc (Ireland), NuVasive, Inc. (US), Orthofix International N.V. (US), Stryker Corporation (US), and Zimmer Biomet (US), amongst others.
Impact of COVID-19 on Global Spinal Implants Market :
Spinal Implants Market report analyses the impact of Coronavirus (COVID-19) on the Spinal Implants industry.
Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the Spinal Implants market in 2020.
The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations; travel bans and quarantines; restaurants closed; all indoor events restricted; emergency declared in many countries; massive slowing of the supply chain; stock market unpredictability; falling business assurance, growing panic among the population, and uncertainty about future.
COVID-19 can affect the Global economy in 3 main ways: by directly affecting production and demand, by creating supply chain and market disturbance, and by its financial impact on firms and financial markets.
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Minimally invasive surgeries to grow at a higher CAGR during the forecast period.
Based on the type of surgery, the spinal implants market has been segmented into open surgery and minimally invasive surgery. While the open surgery segment accounted for a higher share in the base year, the minimally invasive surgeries segment is expected to grow at a higher CAGR in the coming years. Minimally invasive surgeries have advantages such as faster recovery, reduced pain, and less scars.
Regional Analysis of Spinal Implants Market:
North America
Europe
Asia Pacific
LATAM
Middle East Africa
North America accounts for over 40% share of the global spinal implants market.
North America dominates the spinal implants market in 2018 with over 40% share. An increase in the incidence of spinal disorders and the increasing awareness about new technologies developed for the treatment of spinal disorders, are some of the main factors that are driving the growth of the spinal implants market in this region.
According to the Agency for Healthcare Research and Quality (AHRQ), approximately 480,000 spinal fusion surgeries where performed in 2011, which accounted for 3% of the all operating room procedures. Apart from this, a well-established healthcare infrastructure, coupled with favourable reimbursement policies, is expected to drive the growth of the market further.
However, the Asia-Pacific region is expected to grow with a significant CAGR during the forecast period. The presence of a large target patient population, increasing healthcare expenditure, increasing awareness about the availability of spinal implants, are some of the factors to drive the growth of the spinal implants market in this region
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