Spinal Surgery Devices Market accounted for US$ 10.79 billion in 2020 and is estimated to be US$ 18.02 billion by 2030 and is anticipated to register a CAGR of 5.3%. Spine surgery is one of the fast-growing surgical technique. It has progressed into one of the major divisions of the orthopedic industry. Spinal surgery is usually performed as open surgery, wherein a long incision allows a surgeon to access the spinal anatomy of a body. However, owing to the recent technological advances, the number of minimally invasive procedures has increased significantly, thereby, driving growth of the spinal surgery devices market globally. Spinal fusion, also called spondylodesis or spondylosyndesis, may be a neurosurgical or orthopedic surgical technique that joins two or more vertebrae. This procedure are often performed at any level within the spine (cervical, thoracic, or lumbar) and prevents any movement between the fused vertebrae. There are many sorts of fusion and every technique involves using bone grafting—either from the patient (auto graft), donor (allograft), or artificial bone substitutes—to help the bones heal together. Additional hardware (screws, plates, or cages) is usually wont to hold the bones in situ while the graft fuses the 2 vertebrae together.
The report “Global Spinal Surgery Devices Market, By Device Type (Spinal Decompression (Corpectomy, Discectomy, Facetectomy, Foraminotomy, and Laminotomy), Spinal Fusion (Cervical Fusion, Interbody Fusion, ThoracoLumbar Fusion, and Other Spinal Fusions), Fracture Repair Devices, Arthroplasty Devices, and Non-fusion Devices), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
· In 2020, Medtronic (Ireland) acquired Stimgenics, a US-based, privately held company that has pioneered a novel spinal cord stimulation (SCS).
· In 2019, DePuy Synthes (US) launched Symphony Occipitocervico-thoracic System.
· In 2019, NuVasive (US) launched Modulus TLIF-O.
Analyst View:
Increasing geriatric population and rise in the incidence of spinal disorders are the major factor driving the growth of the global spinal surgery devices market worldwide. Moreover, the growing technological advancements give it a boost globally. For instance, robotic spinal surgery has become more popular these days. This technology uses computer-assisted navigation, 3D cameras, and lesser exposure to radiation to perform certain spinal surgeries.
Before purchasing this report, request a sample or make an inquiry by clicking the following link:
https://www.prophecymarketinsights.com/market_insight/Insight/request-sample/3806
Key Market Insights from the report:
The Global Spinal Surgery Devices Market accounted for US$ 10.79 billion in 2020 and is estimated to be US$ 18.02 billion by 2030 and is anticipated to register a CAGR of 5.3%. The global spinal surgery devices market is segmented based on device type and region.
· By Type, the Global Spinal Surgery Devices Market is segmented into spinal decompression, spinal fusion, fracture repair devices, arthroplasty devices, and non-fusion devices. Spinal decompression device type segment is further bifurcated into corpectomy, discectomy, facetectomy, foraminotomy, and laminotomy. Spinal fusion segment is further classified into cervical fusion, interbody fusion, thoracolumbar fusion, and other spinal fusions.
· By region, the Global Spinal Surgery Devices Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia-Pacific witnesses the higher market potential for spinal surgery devices, owing to an increase in healthcare expenditure and rising incidence of spinal disorders.
Competitive Landscape:
The key players operating the global spinal surgery devices market involves Alphatec Spine, Inc., Depuy Synthes Spine Inc. (Johnson & Johnson), Globus Medical, Inc., Joimax GmbH, Medtronic PLC, NuVasive, Inc., Orthofix Holdings, Inc., SeaSpine Holdings Corporation, Stryker Corporation, and Zimmer Holdings, Inc.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
