Spine Orthopaedic Devices Market Clinical Aspects and Review 2019

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Spine Orthopaedic Devices

Spinal implants are used in treating disorders of the spinal column. An increase in the incidence rate of spinal disorders, such as spondylolisthesis, and disc-related issues, and spinal stenosis, are driving the market growth. Most of the spine implants are used to correct deformities of the spine by stabilizing and strengthening the spine. These implants are composed of metals such as titanium alloy, stainless steel, and bio-absorbable materials. The spine orthopedic devices market is segmented into two types, namely spinal fusion implants and spine non-fusion implants. The development in spine orthopedic devices segments has gained huge importance in developing advanced implants with innovative orthobiologics (biomaterials).

Top Leading Companies are: Zimmer Biomet Holding, Inc, DePuy Synthes, Inc., NuVasive, Inc, Stryker Corp, and Medtronic PLC, and other predominant & niche players.

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Regional Analysis For Spine Orthopaedic Devices Market:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Aging population is a primary driver for all medical industry segments as it significantly driven by declining fertility rates and increase in life expectancy. The US had the largest aging population with people aged above 65 years totaling up to 46 million, in Europe about 19% of the people were aged above 65 years, and 26.7% of elder people were aged above 65 years in Japan as of 2016. These three major markets have a significant market stand, as all the key vendors are present in this these regions accounting to about 70%-75% of the global spine orthopedic devices market. However, only 12.84% of the world population, accounting for 954 million people, lived in these geographic regions in 2016. The growth and opportunities for orthopedic devices exist outside these three major markets as most of the emerging and underdeveloped regions require musculoskeletal care throughout their lives.

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The Global Spine Orthopedic Devices Market includes three major segments, namely spine fixation devices (implants), spine instruments, and biomaterials. The market is dominated by the Spine Implants segment with the presence of advanced fusion and non-fusion procedures performed with orthobiologics and the availability of clinical data regarding the safety and efficacy of the devices. This enables surgeons to adopt devices for treatment of various spine-related disorders as these surgeries contribute 60% of the total orthopedic procedures. Therefore, opportunities for growth in the emerging countries of LATAM and APAC remain vast. The increasing adoption of MI surgeries in treating orthopedic disorders, particularly in the elderly, and the growing availability of devices in the market also contribute to the growth of the market.

The regions covered in the report are North America, Europe, Asia Pacific (APAC), and RoW. North America is set to be the leading region for the spine orthopedic devices market growth followed by Europe. There has been a significant increase in the number of individuals undergoing treatment for various spine orthopedic procedures in the US with the presence of leading vendors in this region.

Europe accounted for the second largest market with chronic pain being one of the major complications with the rising burden of spine chronic cases (lower back). In 2015, the public spending on healthcare in Europe amounted to 18% of the overall government expenditure. The expenditure on chronic pain care with orthopedic devices is directly reimbursed to hospitals within the NHS. Clinical evidence of spine orthopedic devices compared to other treatments, such as drug therapy, are expected to increase during the forecast period.

The Reports Help Answer the Following Questions:

  • What will be the market size and the growth rate in 2023?
  • What are the key factors driving the Spine Orthopaedic Devices Market?
  • Who are the key market players and what are their strategies in the Spine Orthopaedic Devices Market?
  • What are the key market trends impacting the growth of the Spine Orthopaedic Devices Market?
  • What trends, challenges and barriers are influencing its growth?
  • What are the market opportunities and threats faced by the vendors in the Spine Orthopaedic Devices Market?
  • What are the key outcomes of the five forces analysis of the Global Spine Orthopaedic Devices Market?

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