Rising Rate Of Spinal Cord Injuries Is Expected To Driving Growth To The Spinal Implants And Spinal Devices Market Till 2024
“The rapid growth of minimally invasive procedures to manage the spinal conditions is expected to enhance the usage of the spinal devices over the forecast period.�
The global spinal implants and spinal devices market is expected to reach over USD 19.54 billion by 2024 according to a new report by Grand View Research, Inc. The key drivers of the market include the rising number of spinal injuries, increasing trend in the adoption of sedentary lifestyles, postural defects stemming from bad posture habits at work and while driving, and a large number of people suffering from obesity. In addition to the above, the introduction of the image-based spinal navigation technology, the evolution of titanium biologics, and the ongoing research on the genetically modified bone morphogenetic proteins are also expected to positively reinforce the market growth. Access Full Research Report on Global Spinal Implants and Spinal Devices Market: http://www.grandviewresearch.com/industry-analysis/spinal-implantsspinal-devices-market
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Moreover, the increase in the geriatric population base prone to spinal disorders due to the lack of proper diet and exercise and declining bone density are also expected to fuel the market expansion over the forecast period. The rising cost of spinal implants and procedural costs are a major concern across the globe and this factor is identified as a large strain on the emerging and low-income economies. Therefore, the introduction of novel bone growth stimulators and the increasing adoption of Minimally-Invasive Surgeries (MIS) surgeries that are relatively less-expensive are expected to propel the usage of spinal implants and devices over the forecast period. With favorable government initiatives being advanced and the increasing number of investments being made by various private organizations is providing the thrust to the R&D activities pertaining to new product development and new treatment methods. For instance, the American Academy of Orthopedic Surgeons and the North American Spine Foundation, both contribute towards the growth of the spinal implants and devices market through R&D funding activities and training programs for physicians globally. Further key findings from the study suggest: 
In 2015, the spinal fusion devices segment accounted for the largest share of over 38% as these are the most commonly used devices for the treatment of various conditions, such as spine stenosis, spondylolisthesis, and scoliosis. However, the spinal biologics segment is expected to emerge as the fastest growing with a CAGR of 7% due to the growing usage of minimally invasive and non-invasive procedures.
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In 2015, North America held the largest share of the spinal implants and devices market accounting for nearly 63%. The presence of advanced healthcare facilities, strong reimbursement support, and a large number of people suffering with spinal disorders are some of the major factors accounting for this region’s dominance.
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Asia Pacific is expected to be the fastest growing market due to the proliferation of the latest medical technologies andthe development of low-cost implants coupled with the growing medical coverage and the increasing per capita disposable income. Moreover, the growing support from the government to expand the healthcare services in the untapped markets is also expected to propel the market growth in this region.
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Some key players operating in the market are Medtronic plc, Depuy Synthes, Inc., Stryker Corporation, NuVasive, Inc., Zimmer Biomet Holdings, Inc., Globus Medical, Inc., Orthofix International Holding N.V., and LDR Holding Corporation.
Grand View Research has segmented the global spinal implants and spinal devices market on the basis of product, technology, type of surgery, and type of procedure: Read Our Blogs on Reports from this category By Grand View Research: http://www.grandviewresearch.com/blogs/healthcare
Table of Content of Global Spinal Implants and Spinal Devices Market Research Report: Chapter 1 Methodology and Scope 1.1 Research Methodology 1.2 Research Scope & Assumptions 1.3 List of Data Sources Chapter 2 Executive Summary Chapter 3 Global Spinal Implants and Spinal Devices Industry Outlook 3.1 Market Segmentation 3.2 Market Size and Growth Prospects 3.3 Global Spinal Implants and Spinal Devices - Market Dynamics 3.3.1 Market Driver Analysis
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3.3.1.1 Escalating rate of spinal cord injuries and disorders 3.3.1.2 Evolution of new and effective technologies in spine care 3.3.2 Market restraint analysis 3.3.2.1 Monetary concerns influencing the market growth 3.4 Global Spinal Implants and Devices - Porter’s Analysis 3.5 Key Opportunities Prioritized 3.6 Industry Analysis - Porter’s Chapter 4 Global Spinal Implants and Spinal Devices Market Product Outlook 4.1 Global spinal implants and spinal devices market share, by product, 2015 & 2024 4.2 Spinal Fusion Devices 4.2.1 Spinal fusion devices market estimates and forecasts, 2013 2024 (USD Million) 4.3 Spinal Biologics 4.3.1 Spinal biologics market estimates and forecasts, 2013 - 2024 (USD Million) 4.4 Vertebral Compression Fracture Treatment Devices 4.4.1 Vertebral compression fracture treatment devices market estimates and forecasts, 2013 - 2024 (USD Million) 4.5 Non-fusion Treatment Devices 4.5.1 Non-fusion treatment devices market estimates and forecasts, 2013 - 2024 (USD Million) 4.6 Spinal Bone Growth Stimulators 4.6.1 Spinal bone growth stimulators market estimates and forecasts, 2013 - 2024 (USD Million) Chapter 5 Global Spinal Implants and Spinal Devices Market Technology Outlook 5.1 Global Spinal Implants and Spinal Devices market share, by
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technology, 2015 & 2024 5.2 Spinal Fusion and Fixation Technologies 5.2.1 Spinal fusion and fixation technologies market estimates and forecasts, 2013 - 2024 (USD Million) 5.3 Vertebral Compression Fracture Treatment 5.3.1 Vertebral compression fracture treatment market estimates and forecasts, 2013 - 2024 (USD Million) 5.4 Motion Preservation Technologies 5.4.1 Motion preservation technologies market estimates and forecasts, 2013 - 2024 (USD Million) Chapter 6 Global Spinal Implants and Spinal Devices Market Type of Surgery Outlook 6.1 Global Spinal Implants and Spinal Devices market share, by type of surgery, 2015 & 2024 6.2 Open Surgery 6.2.1 Open surgery market estimates and forecasts, 2013 - 2024 (USD Million) 6.3 Minimally Invasive Surgery 6.3.1 Minimally invasive surgery market estimates and forecasts, 2013 2024 (USD Million) Chapter 7 Global Spinal Implants and Spinal Devices Market Type of Procedure Outlook 7.1 Global Spinal Implants and Spinal Devices Market, by Procedure Type, 2015 & 2024 7.2 Discectomy 7.2.1 Disectomy market estimates and forecasts, 2013 - 2024 (USD Million)
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7.3 Laminotomy 7.3.1 Laminotomy market estimates and forecasts, 2013 - 2024 (USD Million) 7.4 Foraminotomy 7.4.1 Foraminotomy market estimates and forecasts, 2013 - 2024 (USD Million) 7.5 Corpectomy 7.5.1 Corpectomy market estimates and forecasts, 2013 - 2024 (USD Million) 7.6 Facetectomy 7.6.1 Facetectomy market estimates and forecasts, 2013 - 2024 (USD Million) Chapter 8 Global Spinal Implants and Spinal Devices Market Regional Outlook 8.1 Global spinal implants and spinal devices market, by region, 2015 & 2024 8.2 North America 8.2.1 North America market estimates and forecasts, 2013 - 2024 (USD Million) 8.2.1.1 U.S. 8.2.1.1.1 U.S. market estimates and forecasts, 2013 - 2024 (USD Million) 8.2.1.2 Canada 8.2.1.2.1 Canada market estimates and forecasts, 2013 2024 (USD Million) 8.3 Europe 8.3.1 UK 8.3.2 Germany
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8.4 Asia Pacific 8.4.1 Asia Pacific market estimates and forecasts, 2013 - 2024 (USD Million) 8.4.2 Japan 8.4.2.1 Japan market estimates and forecasts, 2013 - 2024 (USD Million) 8.4.3 China 8.4.3.1 China market estimates and forecasts, 2013 - 2024 (USD Million) 8.5 Latin America 8.5.1 Latin America market estimates and forecasts, 2013 - 2024 (USD Million) 8.5.2 Brazil 8.5.2.1 Brazil market estimates and forecasts, 2013 - 2024 (USD Million) 8.5.3 Mexico 8.5.3.1 Mexico market estimates and forecasts, 2013 - 2024 (USD Million) 8.6 MEA 8.6.1 MEA market estimates and forecasts, 2013 - 2024 (USD Million) 8.6.2 South Africa 8.6.2.1 South Africa market estimates and forecasts, 2013 - 2024 (USD Million) Chapter 9 Competitive Landscape 9.1 Medtronic plc. 9.1.1 Company overview 9.1.2 Financial Performance
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9.1.3 Product Benchmarking 9.1.4 Strategic initiative 9.2 DePuy Synthes, Inc. 9.2.1 Company overview 9.2.2 Financial Performance 9.2.3 Product Benchmarking 9.2.4 Strategic Initiative 9.3 Stryker Corporation 9.3.1 Company overview 9.3.2 Financial Performance 9.3.3 Product Benchmarking 9.3.4 Strategic Initiative 9.4 NuVasive, Inc. 9.4.1 Company overview 9.4.2 Financial Performance 9.4.3 Product Benchmarking 9.4.4 Strategic Initiative 9.5 Zimmer Biomet Holdings, Inc. 9.5.1 Company overview 9.5.2 Financial Performance 9.5.3 Product Benchmarking 9.5.4 Strategic Initiative 9.6 Globus Medical, Inc. 9.6.1 Company overview 9.6.2 Financial Performance 9.6.3 Product Benchmarking 9.6.4 Strategic Initiative
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9.7 Alphatec Spine, Inc. 9.7.1 Company overview 9.7.2 Financial Performance 9.7.3 Product Benchmarking 9.7.4 Strategic Initiative 9.8 Orthofix International N.V. 9.8.1 Company overview 9.8.2 Financial Performance 9.8.3 Product Benchmarking 9.8.4 Strategic Initiative 9.9 LDR Holding Corporation 9.9.1 Company overview 9.9.2 Financial Performance 9.9.3 Product Benchmarking 9.9.4 Strategic Initiative About Grand View Research, Inc.: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc
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Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information – http://www.grandviewresearch.com/
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