The Spinal Fusion Market was estimated at US$ 6,554.2 million in 2018 and expected to reach US$ 10,927.9 million by 2027 at a CAGR of 5.8% over the forecast period from 2019 to 2027.
SANJOSE, United States – July 29, 2019 /MarketersMedia/ —
The latest market report published by Credence Research, Inc. “Spinal Fusion Market: Growth, Future Prospects, and Competitive Analysis, 2019 – 2027” the Spinal Fusion Market was valued at US$ 6,554.2 Mn in 2018 and expected to reach US$ 10,927.9 Mn by 2027 at a CAGR of 5.8% during the forecast period from 2019 to 2027.
Market Insights
The global spinal fusion market is developing productively from 2019 to 2027 accredited to the rise in open and minimally invasive procedures along with enhanced technology expansion worldwide in the field of spinal surgery. The U.S. contributed maximum revenue share in 2018. The market players in the U.S. continue to focus on research & development activities to innovate new applications along with advanced technology. Increasing geriatric population with spinal related disorders (spondylosis, degenerative scoliosis, deformity of the spine, spinal instability) and prevalence for spinal cord injuries will drive the market growth on a global scale. Worldwide, in between 250 000 and 500 000 people suffer a spinal cord injury every year. Increasing adoption of new products (plating systems, screws, rods, cages) in orthopedic clinics and hospitals will drive the demand.
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Top manufacturers are mainly focusing on new technology expansion in developing nations. Innovations in the minimally invasive techniques along with increased awareness will further spur revenue growth during the forecast period. For e.g. in June 27, 2017, DePuy Synthes Products, Inc. announced the acquisition of Sentio, LLC to enable innovation in minimally invasive spine surgery. On September 12, 2018, Johnson & Johnson Medical Devices Companies acquired Emerging Implant Technologies GmbH (manufacturer of 3D-printed titanium implants) to further expand its offering internationally. The domestic and local organizations have easy entree to this market, which makes it the biggest and most critical market for suppliers & providers. The increasing number of hospitals and orthopedic clinics segment expected to register the highest CAGR during the forecast period. Rising spinal surgical procedures in developed nations, adoption of new fusion devices, utilization of 3D printing technology, new product launches, and enhanced reimbursement structure will drive the market growth during the forecast period.
Key Market Movements:
Globally, spinal fusion is growing at a CAGR of 5.8% for the period from 2019 to 2027
North America dominated the global market in 2018 on account of the sophisticated number of open surgeries, key manufacturers have concentrated on the practice of partnerships & collaborations, adoption of new techniques and launch of spinal fusion devices
The Asia Pacific is projected to register the maximum growth rate during the forecast period due to the increasing elderly and obese population, increased medical expenditure along with the significant prevalence & incidence of spinal cord injuries
An increasing number of acquisitions, new product expansion, and increased health expenditure in the developing nations will drive the overall demand
Major players in this vertical are Zimmer Biomet, Johnson & Johnson Services, Inc., Stryker, Orthofix Holdings, Inc., B. Braun Melsungen AG, RTI Surgical Holdings, Inc., Life Spine, Inc., MicroPort Scientific Corporation, Integra LifeSciences, NuVasive, Inc., RTI Surgical Holdings, Inc., Exactech Inc., K2M Group Holdings Inc., Titan Spine LLC and others.
Market Segmentation
By Product Type (2017–2027; US$ Mn)
Spinal Plating Systems
Pedicle Screw Systems & Rods
Cages
Others (Hook Fixation Systems, Other Interbody Devices)
By Procedure Type (2017–2027; US$ Mn)
Posterolateral Spinal Fusion
Interbody Spinal Fusion
By End-User (2017–2027; US$ Mn)
Hospitals
Orthopedic Clinics & Centers
Ambulatory Surgical Centers
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ToC:
Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Market Segmentation
1.3. Research Scope
1.4. Research Methodology
1.4.1. Phase I – Secondary Research
1.4.2. Phase II – Primary Research
1.4.3. Phase III – Expert Panel Review
1.4.4. Assumptions
1.5. Market Segmentation
Chapter 2. Executive Summary
…………
Chapter 3. Global Spinal Fusion Market: Market Dynamics and Future Outlook
…………
Chapter 4. Global Spinal Fusion Market, by Product Type, 2017 – 2027 (US$ Mn)
4.1. Overview
4.2. Spinal Plating Systems
4.3. Pedicle Screw Systems & Rods
4.4. Cages
4.5. Others (Hook Fixation Systems, Other Interbody Devices)
Chapter 5. Global Spinal Fusion Market, by Procedure Type, 2017 – 2027 (US$ Mn)
5.1. Overview
5.2. Posterolateral Spinal Fusion
5.3. Interbody Spinal Fusion
Chapter 6. Global Spinal Fusion Market, By End User, 2017 – 2027 (US$)
6.1. Overview
6.2. Hospitals
6.3. Orthopedic Clinics & Centers
6.4. Ambulatory Surgical Centers
Chapter 7. Global Spinal Fusion Market, by Geography, 2017 – 2027 (US$ Mn)
…………..
Chapter 8. Company Profiles
8.1. Zimmer Biomet
8.1.1. Business Description
8.1.2. Financial Information (Subject to data availability)
8.1.3. Product Portfolio
8.1.4. Key Developments
8.2. Johnson & Johnson Services, Inc.
8.3. Stryker
8.4. Orthofix Holdings, Inc.
8.5. B. Braun Melsungen AG
8.6. RTI Surgical Holdings, Inc.
8.7. Life Spine, Inc.
8.8. MicroPort Scientific Corporation
8.9. Integra LifeSciences
8.10. NuVasive, Inc.
8.11. RTI Surgical Holdings, Inc.
8.12. Exactech Inc.
8.13. K2M Group Holdings Inc.
8.14. Titan Spine LLC
……………….toc continued
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Key questions answered in this report
What are the current market trends and dynamics in the spinal fusion market and valuable opportunities for emerging players?
Which segment accounts for the fastest CAGR during the forecast period?
Which product type segment holds a larger market share and why?
Are low and middle-income economies investing in the spinal fusion market?
What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America and Middle East & Africa?
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About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, nonlegislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
“Spinal fusion is an operation to permanently connect two or more vertebrae in your spine, eliminating movement between them. Spinal fusion involves techniques to mimic the normal healing process of broken bones. Your surgeon places bone or a bonelike material in the space between two spinal vertebrae during spinal fusion. Metal plates, screws and rods can be used to hold the vertebrae together so they can heal into one solid unit.-mayoclinic”
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