The vendor landscape of the global spinal fusion devices market is dominated by a handful of well-established vendors, thus displaying a largely consolidated nature and hinting at several entry barriers for new or small vendors, observes a recent market research report by Transparency Market Research. Need for excellent technical know-how, funds required to undertake research activities to develop advanced spinal binding products, and the strict guidelines set by authoritative medical bodies globally related to the approval of these critical medical devices make it clear why the market is ruled by a few large-scale international medical device companies.
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So as to sustain their positions in the overall market, companies are focused on the development of new and more reliable products, expansion across emerging markets with ample growth opportunities, and strategic collaborations with healthcare service providers across emerging economies. Some of the leading companies in the market are Stryker Corporation, Zimmer Biomet Holdings Inc., Titan Spine LLC Medtronic plc, Depuy Synthes, and B. Braun Melsungen AG.
According to the report, the market is expected to expand at a promising 4.6% CAGR between 2017 and 2025, rising to a revenue opportunity of US$10,965.7 mn by 2025.
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North America to Remain Dominant Regional Market
Of the key product varieties available in the market, the segment of thoraco-lumbar fixation devices accounted for the dominant share in the overall market in 2016 and the segment is likely to dominate the global market over the forecast period as well. From a geographical perspective, the market in North America presently accounts for the dominant revenue contribution share to the global market and is likely to retain its dominance over the report’s forecast period as well. The regional market is likely to benefit from the well-established healthcare infrastructure and easy availability and high adoption rate of advanced medical devices.
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Steady Introduction of New and More Reliable Products Bodes Well for Market
Besides the rising prevalence of chronic back pain and back-related issues induced by sedentary lifestyles, which are organically leading to the increased demand for effective cures for these conditions, the increased focus of several leading medical device companies on R&D activities aimed at finding proper cure to these conditions is driving the market. The market is also driven by the rising population of geriatric population, a demographic that is prone to a number of disorders related to the spinal cord. In the past few years, there has been a significant rise in the population of people above the age of 65 years in regions such as North America, Europe, and Asia Pacific. This factor has led to a substantial rise in demand for spinal binding devices.
Other macroeconomic factors such as rising disposable incomes and increased level of awareness regarding the available treatment methods for spine-related disorders, especially in developing economies, rise in R&D pursuits, and the steady rise in availability of new and more reliable devices across the globe are also working well for the market. Moreover, the introduction of products developed using innovative plating technologies that provide better stability and structural integrity to these products is also helping the market gain traction. Furthermore, the advent of newer locking mechanisms and screw systems developed from tougher materials such as titanium alloy are boding well for the market.
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This analysis of the global spinal fusion devices market is based on a recent market research report by Transparency Market Research, titled “Spinal Fusion Devices Market (Product Type - Thoraco-Lumbar Fixation Devices (Lumbar Plates, Rods, Hooks, and Pedicle Screws), Cervical Fixation Devices (Anterior Cervical Plates, Screws, and Hook Fixation Systems), and Interbody Fusion Devices (Non-bone fusion Devices and Bone Fusion Devices); Surgery - Open Surgery and Minimally-invasive Surgery; End-User - Hospitals, Ambulatory Surgical Centers, and Clinics and Orthopedic Centers) - Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2017–2025.”
Future Market Insights (FMI) delivers key insights on the global spinal fusion market in its upcoming report titled "Spinal Fusion Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017 - 2027."
In terms of revenue, the global spinal fusion market is projected to register a CAGR of 5.4% over the forecast period, owing to various factors, regarding which FMI offers detailed insights and forecasts in this report.A key trend witnessed in the global spinal fusion market is the rise in the development of minimising load due to increasing adverse reactions.
Furthermore, the growing importance of developing advanced products among big players to enhance their product portfolio is another key trend in the global spinal fusion market.Spinal fusion is a surgical procedure to fuse two or more vertebrae to restrict their movement.
The procedure is recommended to eliminate the pain caused by incorrect movement of vertebrae.
Although the procedure is most commonly done for lumbar region, cervical and thoracic vertebrae can also be treated in cases of damage due to accidents or to reduce pressure on the nerves.Download a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-5259Market Segmentation and ForecastThe global spinal fusion market is segmented based on product type, procedure type, end user and region.
Attenuated interbody cages segment will represent major revenue share of the global spinal fusion market in 2017.By procedure, the global spinal fusion market is segmented into posterolateral fusion and interbody fusion.
The latest trending report Global Spinal Fusion Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The Spinal Fusion market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.The global Spinal Fusion market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 4.7%% in the forecast period of 2020 to 2025 and will expected to reach USD 5427.1 million by 2025, from USD 4518.1 million in 2019.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/27972-spinal-fusion-market-analysis-reportThe major players covered in Spinal Fusion are:Stryker CorporationK2MDepuy Synthes CompaniesMedtronicNuvasiveZimmer BiometOrthofix International N.VB.
Braun AesculapGlobus MedicalMicroPortAlphatec SpineWeigao OrthopaedicIntegra LifeSciencesInvibioBy Type, Spinal Fusion market has been segmented into:Transforaminal Lumbar Interbody Fusion (TLIF)Anterior Lumbar Interbody Fusion (ALIF)Posterior Lumbar Interbody Fusion (PLIF)Posterior Lumbar Fusion (PLF)Extreme Lateral Interbody Fusion (XLIF)By Application, Spinal Fusion has been segmented into:Treatment of Spinal DiseasesControl Spinal Deformity DevelopmentProtection of Spinal NervesOtherThe report offers in-depth assessment of the growth and other aspects of the Spinal Fusion market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)South America (Brazil, Argentina, Colombia)Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Spinal Fusion Market @ https://www.decisiondatabases.com/contact/download-sample-27972There are 14 Chapters to deeply display the Global Spinal Fusion market.1 Spinal Fusion Market Overview2 Company Profiles3 Market Competition, by Players4 Market Size by Regions5 North America Spinal Fusion Revenue by Countries6 Europe Spinal Fusion Revenue by Countries7 Asia-Pacific Spinal Fusion Revenue by Countries8 South America Spinal Fusion Revenue by Countries9 Middle East & Africa Revenue Spinal Fusion by Countries10 Market Size Segment by Type11 Global Spinal Fusion Market Segment by Application12 Global Spinal Fusion Market Size Forecast (2021-2025)13 Research Findings and Conclusion14 AppendixPurchase the complete Global Spinal Fusion Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-27972Other Reports by DecisionDatabases.com:Global Infusion Systems Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Blood Transfusion Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Chemotherapy Infusion Pumps Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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We provide intellectual, precise and meaningful data at a lightning speed.For more detailsDecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.com/News Source – https://www.industrynewsengine.com/2020/10/05/global-spinal-fusion-market-worth-5427-1-million-usd-by-2025/
