The Europe Spinal Implants market is estimated at USD 2.4 billion in 2016 and is projected to reach USD 3.8 billion by 2024, at a CAGR of 5.7% during the forecast period from 2017 to 2024.
Europe 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 (Germany, France, U.K., Spain, Italy, Russia, Netherlands, Turkey, Belgium, Switzerland, Rest of Europe) – Trends and Forecast to 2024
The Europe spinal implants market is segmented based on product type, surgery type, procedure type, end-user and geography.
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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 followed by the non-fusion segment.
The spinal fusion segment is divided into cervical fusion and thoraco-lumbar fusion.
In the spinal fusion segment, thoraco-lumbar fusion is expected to grow at a highest CAGR during the given forecast period of 2016 to 2022. The thoraco-lumbar fusion devices into product type anterior thoraco-lumbar fusion devices, posterior thoraco-lumbar fusion devices and interbody thoraco-lumbar fusion devices.
The interbody thoraco-lumbar fusion devices sub-segment is further segmented based on approach into anterior lumbar interbody fusion devices, posterior lumbar interbody fusion devices, transforaminal lumbar interbody fusion devices and, axial lumbar interbody fusion devices also based on material into non-bone interbody fusion devices and bone interbody fusion devices. The cervical fusion devices segment is further categorized based on type into anterior cervical fusion and posterior cervical fusion.
The anterior cervical fusion is segmented into 3 product types anterior cervical plates, anterior cervical screw systems and, cervical interbody fusion devices. The posterior cervical fusion devices include posterior cervical plates, posterior cervical rods and posterior cervical screws.
The spinal non-fusion devices market is segmented on the basis of product types into dynamic stabilization devices, artificial discs, annulus repair devices and nuclear disc prosthesis. Spinal non-fusion products, such as dynamic stabilization devices (or motion preservation devices) have become the treatment of choice (especially for young patients.
The dynamic stabilization devices are sub-segmented into product types such as interspinous decompression spacers, pedicle screw systems and facet replacement implants. The artificial discs are of two types artificial cervical discs and artificial lumbar discs.
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.
Based on market forecasting, spine radiologists are expected to dominate the VCF procedure market, also primary care providers is expected to serve the majority of the patients with osteoporosis and tumors in vertebrae.
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The Europe 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.
Based on country the Europe spinal implants market report is segmented into 11 countries, Germany, France, U.K., Spain, Italy, Russia, Netherlands, Turkey, Belgium, Switzerland and rest of Europe. In the European region Germany has the largest market share due to its technological advancements, government regulations, rise in population of aged people, and improved healthcare infrastructure.
The German spinal implants market is followed by the France, U.K, Italy and Spain. Germany is expected to witness a high growth rate in the spinal implants market in the next few years due to the rise in the patient base, increasing healthcare expenditure, and growing awareness regarding the availability of various orthopedic devices for cervical and lumbar treatments along with non-fusion products in this region.
In addition, the increasing focus on advancement in treatments is increasing with more innovative products, which is expected to drive the market for spinal implants. However, its high cost of implants is one of the major factors restraining the growth of the Europe spinal implants market.
The Europe spinal implants market report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. Some of the major companies operating in the spinal implants market are Zimmer Inc., DepuySynthes Companies, Stryker, Benvenue Medical, CareFusion Corporation, Medtronic, Alphatec Spine, Inc., NuVasive Inc., Integra Lifesciences Holdings Corporation, Orthofix International N.V., Globus Medical Inc., LDR Holding Corporation, K2M Inc., and B.
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