Spinal Implants Market and Spinal Devices Forecasts say North America to Hold 64.9% share by 2020
Spinal Implants and Spinal Devices Market by Product (Thoracic, Lumbar, Cervical Fusion, Biologics, Motion Preservation, VCFs, Bone Stimulator), Technologies, Minimally Invasive Device, Decompression (Laminectomy, Corpectomy) – Global Forecast to 2020
Pune, India – October 16, 2015 /MarketersMedia/ —
Global spinal implants and spinal devices market is estimated to grow at a CAGR of 5.6% from 2015 to 2020. Although mature markets (such as North America and Europe) hold larger shares in the spinal implants and spinal devices market in 2015, the Asia-Pacific region is poised to grow at the highest CAGR of 8.2% in the next five years.
Complete report on Spinal Implants and Spinal Devices Market spread across 216 pages, profiling 11 companies and supported with 87 tables and 83 figures is now available at http://www.lifescienceindustryresearch.com/spine-surgery-devices-market-forecasts-to-2017-fusion-non-fusion-artificial-discs-nucleus-replacement-spinal-decompression-vertebral-compression-fractures-treatment-kyphoplasty-spine-stimula.html .
The global spinal implants and spinal devices market is estimated to grow at a CAGR of 5.6% from 2015 to 2020. Although mature markets (such as North America and Europe) hold larger shares in this market in 2015, the Asia-Pacific region is poised to grow at the highest CAGR of 8.2% in the next five years. Factors such as the presence of a large patient population, growing number of obesity cases, increasing government spending on healthcare, and rising income levels are propelling the growth of the spinal implants and spinal devices market in the Asia-Pacific region.
The growth of the global spinal implants and spinal devices market is driven by factors such as technological advancements in spine surgery devices, growing demand for minimally invasive spine surgeries, and increasing aging and obese population with increasing number of spine deformities.
In this report, the market has been segmented on the basis of technology(covering spinal fusion and fixation, motion preservation/non-fusion, and spinal vertebral compression fracture treatment technologies), product (including thoracic fusion & lumbar fusion, cervical fusion, spine biologics, vertebral compression fracture treatment, spine bone stimulators, and non-fusion treatment devices), type of surgery (open and minimally invasive), and region (North America, Europe, Asia-Pacific, and the Rest of the World).The spinal fusion and fixation technology segment is estimated to account for the largest share of the global spinal implants and spinal devices market in 2015.
Factors such as advantages of non-fusion surgeries over conventional spine surgeries and increasing launches of technologically advanced non-fusion spine devices are driving the growth of this market segment. The report also covers the spinal decompression devices market; it has been further classified into five segments on the basis of type of procedure, namely, discectomy, laminotomy/laminectomy, foraminotomy/foraminectomy, facetectomy, and corpectomy.
North America is estimated to command the largest share of 64.9% of the market in 2015, followed by Europe. The large market share of the North American region is attributed to the increased awareness about the newly developed treatment technologies and the well-established healthcare infrastructure and reimbursement system in this region.
Companies profiled in this 2015 Spinal Implants and Spinal Devices Market research includes Medtronic, PLC, Depuy Synthes (A Subsidiary of Johnson & Johnson) Nuvasive, Inc., Stryker Corporation Zimmer Biomet Holdings, Inc., Globus Medical, Inc., Alphatec Spine Inc., K2M Group Holdings, Inc., LDR Holding Corporation, Orthofix International N.V.
Order a copy of Spinal Implants and Spinal Devices Market by Product (Thoracic, Lumbar, Cervical Fusion, Biologics, Motion Preservation, VCFs, Bone Stimulator), Technologies, Minimally Invasive Device, Decompression (Laminectomy, Corpectomy) – Global Forecast to 2020 research report at http://www.lifescienceindustryresearch.com/purchase?rname=3774 .
On a related note, Refurbished Medical Equipment Market forecasts at a CAGR of 12.5% from 2014 to 2019 for refurbished medical equipment industry. The report includes In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of leading players in the refurbished medical equipment market. Agito Medical A/S (Denmark), Block Imaging International, Inc. (U.S.), DRE, Inc. (U.S.), Everx Pvt Ltd. (Australia), Integrity Medical Systems, Inc. (U.S.), Philips Healthcare (Netherlands), Radiology Oncology Systems, Inc. (U.S.), Siemens Healthcare (Germany), and Soma Technology, Inc. (U.S.) are companies mentioned in this 210 pages research available at http://www.lifescienceindustryresearch.com/refurbished-medical-equipments-market-by-device-types-applications-2012-2017-global-trends-competitive-analysis.html .
About Us:
Lifescienceindustryresearch.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets.
For more information about us, please visit http://www.lifescienceindustryresearch.com/spine-surgery-devices-market-forecasts-to-2017-fusion-non-fusion-artificial-discs-nucleus-replacement-spinal-decompression-vertebral-compression-fractures-treatment-kyphoplasty-spine-stimula.html
Contact Info:
Name: Ritesh Tiwari
Organization: Life Science Industry Research
Address: UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar
Phone: +1-888-391-5441
Release ID: 94225
Copyright © 1999-2013 SproutNews.com
