Thursday, September 19, 2019

Spinal Implants And Surgical Devices Market Is Projected To Reach Worth US$ 21 Bn By 2025


According to the latest report published by Credence Research, Inc. “Spinal Implants and Surgical Devices Market By Product (Thoracic Fusion And Lumbar Fusion Devices, Cervical Fusion Devices, Non-Fusion Devices, Spine Bone Stimulators, Spinal Decompression Devices), By Technology (Spinal Fusion And Fixation Technologies, Motion Preservation/Non-Fusion Technologies, Spinal Decompression), By Usage Area (Hospitals, Ambulatory Centers, Private Clinics) — Growth, Future Prospects and Competitive Analysis, 2017–2025,” The global market for spinal implants and surgical devices was estimated at US$ 12.85 billion in 2016 and is projected to reach US$ 21 billion by 2025, increasing to CAGR by 6.1% from 2017 to 2025.

Browse the full report at https://www.credenceresearch.com/report/spinal-implants-and-surgical-devices-market
Market Insights

Spinal implants are used as part of spondylolisthesis, degenerative disk infection, traumatic fracture, and few types of spinal uncertainty, including spinal implant scoliosis. The pre-designed shape and function of the implant systems is used as needed in surgical procedures. These implants help to balance out and strengthen the spine. They also encourage the merger and correction of deformities. Metals used as part of spinal implants include titanium or titanium alloy and stainless steel. Carbon / PEEK material and non-metallic compounds may also be used to make implants. They are available in different structures and sizes to cater to a wide range of age groups for patients.

Spinal cord injury (SCI) is mainly caused by a variety of causes, such as trauma and infection, followed by falls, sports activities, and blocked chain supply. According to data from the National Safety Council (NSC) in 2016, the number of persons injured in a road accident in the United States was 4.5 Mn. In addition, the prevalence of spinal cord injuries in 2017 was 285,000 individuals, ranging from 245,000 to 353,000. Growing annual incidence of spinal injuries among adults is one of the main factors that enhances the market for spinal implants and surgical devices.

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Based on the product types, the global market for spinal implants and surgical devices is divided into non-fusion devices, cervical fusion devices, spinal decompression devices, spinal bone stimulation devices, vertebral fracture therapy devices and lumbar fusion and thoracic fusion devices; additionally, the technologies studied in this report are categorized into motion preservation / non-fusiotherapy devices. Expansion in technology and an increase in the incidence of spinal injuries in adults, improved awareness of patience and increased disposable income in developing countries would further enhance the acceptance of spinal implants.

Geographically, the worldwide spinal implants and surgical devices market is projected for Europe, Middle East and Africa, Asia Pacific, Latin America, and North America. As for revenue share, North America at this moment drives the global market and is expected that the situation will remain consistent amid the forecast period. Though the ascendancy of North America will be clearly challenged by Asia Pacific. The need of spinal implants and surgical devices has become prominent in Asia Pacific because of growth in the healthcare infrastructure, healthcare expenditure, and flexible income. There are massive chances for market diffusion in nations like India, Mexico, and China to the market occupants already having a grip in developed countries.

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By Product Type

Cervical Fusion Devices
Thoracic Fusion and Lumbar Fusion Devices
Vertebral Compression Fracture Treatment Devices
Spine Bone Stimulators
Non-fusion Devices
Spinal Decompression Devices

By Technology Type

Vertebral Compression Fracture Treatment
Spinal Fusion and Fixation Technologies
Non-fusion Technologies /Motion Preservation
Spinal Decompression

By Usage Area

Hospitals
Ambulatory Centers
Private Clinics

By Geography Segment

North America
Europe
Asia Pacific (APAC)
Middle East & Africa (MEA)
Latin America


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