Market Analysis:
The Global Spinal Implants Market accounted value of USD 9.6 billion in 2015 and is expected to reach USD 14.0 billion by 2022, growing at a CAGR of 5.5%.
Competitive Landscape: Global Spinal Implants Market
The spinal implants market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. Some examples of recent strategies/developments are: June 2016, Centinel Spine, Inc., the pioneer of the no-profile, integrated interbody fusion device market, is granted clearance for STALIF L no-profile, lateral lumbar integrated interbody system by the Australian Therapeutic Goods Administration, February 2016, Globus, Inc and Depuy Synthes settled four patent infringement claims for spinal implant products among many others. The report includes market shares of spinal implants for global, Europe, North America, Asia Pacific and Rest of the World.
In a spine surgery, high quality instruments are especially used in Implants that are fitted in spine to replace any defective vertebra or disc to support the spine. The spinal implants have an important segment in the orthopedic market with a share of 24.3% in the year 2015. Spine surgeries are basically recommended to the patients suffering from chronic back pain due to disc herniation; isthmic spondylolisthesis; degenerative diseases, such as degenerative spondylolisthesis, and spinal stenosis; and many others. Generally, low back pain is a common symptom reported by 30.0% patients with spine instability, but the source of pain needs to be identified before undergoing any surgery.
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By Product Type
Fusion Implant Devices
• Cervical Fusion
• Anterior Cervical Fusion,
• Posterior Cervical Fusion
Thoraco-Lumbar Fusion
• Anterior Thoraco-Lumbar Fusion,
• Posterior Thoraco-Lumbar Fusion,
• Interbody Thoraco-Lumbar Fusion
Non-Fusion Implant Devices
• Dynamic Stabilization Devices,
• Artificial Discs,
• Annulus Repair Devices,
• Nuclear Disc Prostheses
VCF Treatment Devices
• Baloon Kyphoplasty Devices,
• Verteboplasty Devices
By End-User
• Hospitals,
• Spinal Surgery Centers,
• Orthopedic Clinics,
By Geography
• North America,
• Europe,
• Asia-Pacific,
• South America,
• Rest of the World
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Market Segmentation: Global Spinal Implants Market
• The global spinal implants market is segmented based on product type, surgery type, procedure type, end-user and geography.
• Spinal implants are segmented by product type, into spinal fusion, vertebral compression fracture treatment devices and spinal non-fusion, wherein spinal fusion, which fuses vertebrae together to treat back pain and is commonly done in the lumbar region of the lower back, is by far the most common spine procedure. In 2015, the spinal fusion segment dominates the market with a market share of 69.1%, followed by the non-fusion segment.
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