Spinal Stabilization Devices Market Size Analysis, DROT, PEST, Porter’s, Region & Country Forecast Till 2027

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Increasing occurrences of spine disorders is one of the significant factors influencing market growth.

The global Spinal Stabilization Devices market report assesses the Spinal Stabilization Devices industry in the global market with regards to the industry trends, industry growth, size, share, drivers, restraints, opportunities, challenges, cost analysis, market size in terms of value or volume, extensive profiling of the companies, competitive landscape, product portfolio, and other key elements during forecast period. The study also provides deeper insights into the market with regards to the scope and application of the market to impart a better understanding of the market.

According to the World health Organization (WHO), each year, globally, around 250,000 and 500,000 individuals suffer a spinal cord injury. Preventable causes, including road traffic accidents, falls, or violence, are the major contributors to the spinal cord injury, and individual suffering from the condition are more likely to die prematurely as compared to healthy individuals, with low and middle-income economies having the worst survival rates.

Spinal Stabilization Devices Market Size – USD 11.52 billion in 2018, Market Growth - CAGR of 3.5%, Market Trends – Increase in geriatric population

Key participants include:

M:edtronic, DePuy Synthes, Stryker, Zimmer Biomet, NuVasive Inc., Alphatec Spine Inc., Globus Medical, RTI Surgical Holdings Inc., Captiva Spine LLC, and Paragon Medical, among others.

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For the purpose of this report, Reports and Data have segmented the global Non Fusion Spinal Devices market on the basis of device type, disease type, surgery type, end-users, and region:

Device Type Outlook (Revenue, USD Million; 2016-2027)

  • Fusion Devices
  • Non-Fusion Devices
  • Spinal Electrical Simulation Devices

Disease Type Outlook (Revenue, USD Million; 2016-2027)

  • Degenerative Disc Disease
  • Traumas Fractures
  • Complex Deformity
  • Others

Surgery Type Outlook (Revenue, USD Million; 2016-2027)

  • Open Surgery
  • Minimally Invasive Surgery

End-Users Outlook (Revenue, USD Million; 2016-2027)

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

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Further key findings from the report suggest

  • By device type, fusion devices contribution to the largest market share in 2018. Spinal fusion procedure is usually done for the treatment of spinal disorders, such as degenerative, deformity, traumatic, and tumor, among others.
  • By surgery type, open surgery dominated the market share in 2018 and is likely to grow at a rate of 2.2% in the forecast period. Open surgery gives the visual information essential to diagnose a condition accurately. Also, some kinds of surgeries need access to larger areas to insert materials like in the case of an aortic aneurysm repair when a stent cannot be placed.
  • By end-users, hospitals held the largest market share in 2018 and is expected to grow at a rate of 3.2% in the forecast period. The factors including well-resourced operating diagnostic rooms, higher purchasing power, existence of highly skilled healthcare professionals, and improved health coverage for hospital-based healthcare services from several private and group insurance plans, among others, are responsible for the high market share of hospitals.
  • The market in the Asia Pacific region is likely to grow at the fastest rate of 4.7% in the period 2019-2027, due to the improving healthcare infrastructure, rising investments in diagnostic imaging, and better reimbursement scenario.

Key Questions Answered by Non Fusion Spinal Devices Market Report

  1. What was the Non Fusion Spinal Devices Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027)
  2. What will be the CAGR of 10% Market during the forecast period (2021-2027)?
  3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
  4. Which manufacturer/vendor/players in the Non Fusion Spinal Devices Market was the market leader in 2020?
  5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.

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