The new research report titled "Spinal Fusion Devices market, Global Industry Analysis, and Forecast to 2028" gives a detailed analysis and future forecasts of the market. The report highlights the significant players, including market size, share, and demand, development. This report further covers the latest trends, technological advancements, and growth opportunities.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the spinal fusion devices market include Alphatec Holdings, Inc., B. Braun Melsungen AG, Depuy Synthes (Johnson & Johnson), Exactech, Inc., Globus Medical, Inc., Medtronic Plc., NuVasive, Inc., Orthofix International N.V., Stryker Corporation, Zimmer Biomet Holdings, Inc. Other players include Paragon Medical, Inc., Norman Noble, Inc., Nutech, Titan Spine, Wenzel Spine, Inc., X-Spine Systems, Inc., Tecomet, Inc., Marox Corporation, Axial Medical, Spine Wave, Inc., K2M, Inc., and Captiva Spine, LLC. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The global spinal fusion devices market is estimated to grow by exhibiting a single-digit annual growth in the future. A rapidly rising global elderly population is the key factor driving for the growth of this market. The UN estimates that by the year 2050, 16% of the world’s population will be over the age of 65. The geriatric population is more vulnerable to spinal cord injuries. This shows with the increase in the elderly population across the globe, the threat of spinal cord injury rises in succession, thereby boosting the demand for spinal fusion devices. However, the current COVID-19 situation may restrict spending abilities of people across the globe, which is likely to restraint the market demands.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of spinal fusion devices.
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Market Segmentation
The entire spinal fusion devices market has been sub-categorized into product and surgery. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Product
1. Thoracolumbar Devices
· Anterior Lumbar Plates
· Lumbar Plates
· Pedicle Screw
· Rods
· Hooks
· Wires & Cables
· Crosslinks
2. Cervical Fixation Devices
· Anterior Cervical Plates
· Hook Fixation Systems
· Plates & Screws
· Clamps
· Wires
3. Interbody Fusion Devices
· Non-Bone Interbody Fusion Devices
· Bone Interbody Fusion Devices
By Surgery
· Open Spine Surgery
· Minimally Invasive Spine Surgery
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for spinal fusion devices market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
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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.Request Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B_id=32045So 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.North America to Remain Dominant Regional MarketOf 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.Request COVID Analysis on Spinal Fusion Devices Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19_id=32045 Steady Introduction of New and More Reliable Products Bodes Well for MarketBesides 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 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.
