The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
North America Spinal Implants Market, 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, Others), By Country (U.S., Canada, Mexico) – Trends and Forecast to 2022
The North America spinal implants devices market is estimated at USD 4.7 billion in 2016 and is projected to reach USD 7.0 billion by 2024, at a CAGR of 5.1% during the forecast period from 2017 to 2024.
North America Spinal Implants Market – Market Segmentation:
The North America 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.
The vertebral compression fracture (VCF) treatment devices are further segmented into two product type balloon kyphoplasty devices and verteboplasty devices.VCF’s are generally treated with vertebral augmentation.
The North America spinal implants market is also segmented based on procedure type into open surgery and minimally invasive surgeries. On the basis procedure type the market is segmented into major procedures such as discectomy, laminectomy, foraminectomy, facetectomy, corpectomy among others.
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Based on geography, the market is segmented into 3 geographical regions:
This market is segmented into countries U.S., Canada and Mexico. U.S. dominates the market with 89.7% market share.
Mexico is expected to grow at a very high rate owing to large potential of medical tourism in orthopedic surgeries. Canadian market is expected to grow at a very controlled rate owing to large waiting time for these surgeries.
Though Canadian government is providing healthcare reimbursement to patients opting surgeries in U.S. according to the surgery costs in Canada, any overhead costs patients need to bear from their own pocket.
Some of the major players operating in this market are
- Zimmer Inc.
- DepuySynthes Companies
- Benvenue Medical
- CareFusion Corporation
- Alphatec Spine, Inc.
- NuVasive Inc.
- Integra Lifesciences Holdings Corporation
- Orthofix International N.V.
- Globus Medical Inc.
- LDR Holding Corporation
- K2M Inc.
- B. Braun Melsungen
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