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Spine Implant Market Outlook 2019-2026:
Spine implant devices are used for the
treatment of spine disorders that are usually observed in aged people or are
caused due to injury. Spine implant is a surgical procedure where fusion of two
or more vertebrae restricts movement and provide stability to the spine. These
implantations have proved advantageous to treat various spine disorders,
primarily caused by degenerative conditions in spine, deformity, tumors, and
trauma.
This report projects the trends and
opportunities of the global spine implant
market. This research study includes qualitative and quantitative analysis
with comprehensive research methodologies and reliable projections to
understand the present overview of the market and predict the market during the
forecast period. Our research teams have used various secondary resources and
directories, such as industrial databases, journals, and magazines along with
primary resources coupled with industry oriented measures, which include
industry related expert interviews to obtain key information and valuables
which makes it an asset for players in the market.
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The global spine implant market is escalated
by demand for spinal fusion and fixation technology segments. There is a rise
in the number of patients due to prevalence of spinal disorders, advancements
in spine surgery devices, and obesity prognosis, thus fueling the growth of the
market. North America and Europe leads spinal implant market due to established
healthcare devices, increased government funding toward R&D for innovative
spine treatment, stimulate the market growth. Increase in the number of
hospitals and spinal disorder patients in Asia-Pacific and LAMEA is expected to
fuel this market. Product approvals, high treatment costs, lack of adequate
physician, and patient awareness may hinder the growth.
The global spine implants market is segmented
by technology, product, material type, and geography. Based on technology, the
market is classified as spinal fusion and fixation, vertebral compression and
fracture treatment, non-fusion and motion preservation. Based on the product
type it is categorized into thoracic fusion, lumbar fusion, cervical fusion,
fracture treatment, and others. Others include spine biologics, vertebral
compression, and spine bone stimulators. Furthermore, based on material type it
can be categorized as titanium, bone graft, ceramic and carbon filter, plastic
and polymers, and others. Others include bone morphogenetic proteins and disc
replacement. Geographically, it is analyzed across North America, Europe, Asia-Pacific,
and LAMEA.
On September 1, 2016, Globus Medical, Inc
(U.S.), a leading musculoskeletal implant manufacturer acquired international
operations of Alphatec Holdings, Inc., a medical devices company. This
acquisition gave Globus Medical a welcome opportunity to penetrate in Japan and
establish their footprints in Japan and other key geographies.
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Major players operating in this market are Stryker, Ulrich Medicals, Zimmer Biomet Corporation, Globus medical, Aesculap Implant Systems, Orthofix International N.V., Titan Spine, Medtronic, and DePuy Synthes.
Major players operating in this market are Stryker, Ulrich Medicals, Zimmer Biomet Corporation, Globus medical, Aesculap Implant Systems, Orthofix International N.V., Titan Spine, Medtronic, and DePuy Synthes.
KEY BENEFITS FOR STAKEHOLDERS:
- This report provides a quantitative analysis of the
current trends and estimations, and dynamics through 20142022, which
assist in identifying the prevailing market opportunities.
- It provides a deep analysis of drivers and restraints
on the market growth
- This report offers an in-depth analysis of segmentation
of spine implant within the market.
- Key players of the market are listed.
- An in-depth analysis of the current research and
clinical developments within spine implant market is provided with key
market dynamic factors that help understand the behavior of the market.
- This study evaluates competitive landscape and value
chain to understand the competitive environment across the geographies.
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