The global spinal implants and surgical devices market estimated to reach 17.27 Billion by 2021, at a CAGR of 5.3% from 2016 to 2021. A number of factors like technological advancements in spine surgery devices, increasing aging & obese population along with rising incidence & prevalence of spinal disorders, & rising demand for minimally invasive spine surgery are propelling growth of global spinal implants & surgical devices market.
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- Spine Surgery Devices Manufacturing Companies
- Distributors and Suppliers of Spine Surgery Devices
- Healthcare Institutions (Hospitals and Outpatient Clinics)
- Research Institutions
- Research and Consulting Firms
- Contract Research Organizations (CROs) and Contract Manufacturing Organizations (CMOs)
The global spinal implants and surgical devices market drivers are continuous advancements in Spine Surgery Technologies as well as Increasing Incidence of Spinal Disorders.
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This market also driven by Technological Developments in Bone Grafting Products and Increasing Demand for Minimally Invasive Surgical Procedures.
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Growth of global spinal implants and surgical devices market driven by factors like technological advancements in spine surgery devices, growing demand for minimally invasive spine surgeries, & increasing aging & obese population with increasing number of spine deformities. In addition, emerging Asian & Latin American nations & growing number of hospitals & surgical centers are offering new growth opportunities for spinal implants and device manufacturers.
2 Market Share Analysis
3 Competitive Situation and Trends
4 Product Launches, Enhancements, and Approvals
5 Agreements, Partnerships, and Collaborations
6 Mergers and Acquisitions
Rising government healthcare expenditure, growing income levels, presence of a large patient population, & rising obesity cases are some of key factors propelling demand for spinal implants and surgical devices market in these emerging nations. In addition to this, challenges associated with this market like lack of adequate physician education and patient awareness about the newly developed spine treatment procedures and government cost containment measures are also limiting the demand for spinal implants and surgical devices market.
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Geographically, North America is estimated to command largest share of global spinal implants and surgical devices market in 2016, followed by Europe. The large market share of North American region is attributed to high adoption rate of newly developed treatment technologies & well-established healthcare infrastructure and reimbursement system in this region.
The report provides a picture on medical devices, instrumentation, and biologic products used in the spine surgeries across all regions. It aims at estimating the market size and future growth potential of this market across different segments such as technology, product type, type of surgery, and regions.
Furthermore, the report also includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
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