Spinal Implants and Surgical Devices

Definition: Global Spinal Implants and Surgical Devices

Spinal implants are used to facilitate revise distortions, combination, settle and reinforce the spine. Spinal disorders are mainly caused by degenerative conditions in the spine, tumors, injury and deformity. Most spinal implants are made of metals such as titanium, titanium-alloy or stainless steel and non-metallic compounds. It is categorized into various groups such as rods pedicles screws, hooks, plates and cages.

 Global Spinal Implants and Surgical Devices : Market Analysis

The Global Spinal Implants and Surgical Devices Market accounted to USD 7.8 billion in 2016 growing at a CAGR of 6.0 % during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Major market drivers and restraints: 

  • Increasing Number of Surgeries
  • Increase of obese and aging population
  • Progression in technologies
  • Increasing demand for non- invasive surgery procedures
  • Unfavorable reimbursement condition
  • High cost of treatment

Market Segmentation: 

On the basis of product, global spinal implants market is segmented into thoracic fusion and lumbar fusion devices, cervical fusion devices, spine biologics, vertebral compression fracture treatment devices, non-fusion devices, spine bone stimulators and spinal decompression devices.
Thoracic fusion and lumbar fusion device is sub segmented into anterior thoracic and lumbar fusion devices, posterior thoracic and lumbar fusion devices and interbody thoracic and lumbar fusion devices.
Whereas, Interbody thoracic and lumbar fusion devices is further categorized on the basis of approach and material.
On the basis of approach, interbody thoracic and lumbar fusion devices is classified into anterior lumbar Interbody Fusion Devices, posterior lumbar interbody fusion devices, transforaminal lumbar interbody fusion devices and axial lumbar interbody fusion devices.
On the basis of material, interbody thoracic and lumbar fusion devices is classified into bone interbody fusion devices and non-bone interbody fusion devices.

Major Market Competitors: 

Some of the major players operating in global spinal implants and surgical devices market are:-
Johnson & Johnson, Baxter International, Hemostasis, LLC, Kuros Biosciences AG, Maquet Getinge Group, CryoLife Inc., BD, Boston Scientific, Toshiba Corporation, Terumo Corporation, Seimens, General Electric and Company, Medtronic, Stryker, NuVasive, Inc.
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