Spinal Motion Preservation Device Market Growth Prospects, Key Vendors And Future Scenario Forecast to 2027
The global Spinal Motion Preservation Device market is expected to reach USD 15.83 Billion by 2027, according to a new report by Reports and Data. The growth of the market may be attributed to the increasing prevalence of target conditions, among other factors.
As per the Global Health and Aging report published by the
WHO (World Health Organization), the number of people aged 65 years or older is
estimated to increase from a projected 524 million in 2010 to approximately 1.5
billion by 2050, with significant percentage of increase in developing
economies. Additionally, the number of people aged 65 years or older is
anticipated to considerably surpass children younger than 5 years of age by
2050. Aging leads to the deterioration of facet joints resulting in several
spinal disorders. Thus, the increasing prevalence of diseases in the growing
geriatric population is likely to propel the growth of the market in the
forecast period.
Key participants include Medtronic, 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 Spinal Motion Preservation Device 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.
Regional Outlook (Revenue, USD Million; 2016-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- MEA
Table of Content:
Chapter 1. Market
Synopsis
1.1. Market
Definition
1.2. Research
Scope & Premise
1.3. Methodology
1.4. Market
Estimation Technique
Chapter 2. Executive
Summary
2.1. Summary
Snapshot, 2018-2027
Chapter 3. Indicative
Metrics
Chapter 4. Spinal
Devices Segmentation & Impact Analysis
4.1. Spinal
Devices Material Segmentation Analysis
4.2. Industrial
Outlook
4.2.1.
Market indicators analysis
4.2.2.
Market driver’s analysis
Continue…
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