Non Fusion Spinal Devices Market 2021 Analysis, Size, Share, Strategies and Forecast to 2027
Global Non Fusion Spinal Devices Market research report published by Reports and Data provides a comprehensive overview of the Non Fusion Spinal Devices market and its economic landscape to offer insightful information pertaining to the current and future trends and demands in the market. The report is an all-inclusive document covering recent technological advancement, value chain analysis, volume and raw materials, and overall industry outlook. The report is equipped with an extensive analysis of trends that are expected to impact revenue growth of the market during the forecast period of 2021-2028. It also offers strategic recommendations to established players and novice players to overcome barriers and gain a robust footing in 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.
Non Fusion Spinal
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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