The global Spinal Devices market research provides a detailed examination of the industry, market, and key players. The analysis divided the market into demand and supply-side sectors. The global Spinal Devices study also includes market segment trends, technology, and investment, as well as a competitive landscape.
Spinal Devices Market Overview:
The fundamental purpose of this research is to help the user understand the Spinal Devices Market in terms of definition, segmentation, market potential, significant trends, and the issues that the Spinal Devices industry faces in key areas and countries. Market figures and information were gathered from reliable sources such as websites, annual reports of businesses, journals, and so on, and were then checked and validated by industry professionals.
Spinal Devices Market size was valued at US$ 12.99 Mn in 2021 and the total revenue is expected to grow at 3.9% through 2021 to 2029, reaching nearly US$ 17.65 Mn. by 2029.
Spinal Devices Market Report Scope and Research Methodology:
Market figures and information were gathered from reliable sources such as websites, annual reports of businesses, journals, and so on, and were then checked and validated by industry professionals.
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Spinal Devices Market Drivers:
Product advancements, pipeline techniques, FDA approvals, and an increase in spinal procedures are projected to drive the worldwide spinal devices market. Technological developments, an increase in the number of spinal procedures, population ageing, and other factors are expected to drive global demand for spinal devices. According to the National Spinal Cord Injury Association Resource Centre, between 250,000 and 400,000 persons have spinal cord injury or dysfunction, with 82% of men and 18% of women affected.
Spinal Devices Market Segmentation:
by Device Type
• Fusion Devices
• Non-Fusion Devices
• Spinal Electrical Simulation Devices
by Disease Type
• Degenerative Disc Diseases
• Traumas & Fractures
• Complex Deformity
• Others
by Surgery Type
• Open Surgery
• Minimally Invasive Surgery
by End-User
• Hospitals
• Ambulatory Surgical Centers
• Clinics
The fusion systems sub-segment was the most profitable business segment in 2021, according to Device Type. The sub-segment is likely to maintain its dominance during the forecast period due to favourable factors such as the rising rate of spinal diseases and the rising number of spinal fusion operations.
Due to an increase in motor vehicle accidents, abrupt journeys, athletics, and other causes that inflict spinal injury, the traumas & fractures sector led the market in terms of Disease Type.
According to Surgery Type, the open surgery sub-segment led the global spinal devices industry in 2021 and is expected to develop at a 2.2 percent CAGR over the forecast period.
The hospital’s end-user sub-segment had the biggest market share in 2021, and it is predicted to maintain that position during the forecast period, rising at a 3.2 percent CAGR. This segment’s growth is being driven by the presence of highly qualified healthcare practitioners, expanding need for well-resourced diagnostic and operating rooms, expanded healthcare insurance coverage, and increased healthcare spending.
Key Players:
The analysis examines the industry’s main market participants, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key participants in the Spinal Devices market are as follows:
• Medtronic
• Stryker
• Zimmer Biomet, Inc.
• DePuy Synthes
• NuVasive, Inc.
• Globus Medical
• RTI Surgical Holdings, Inc.
• Aesculap, Inc.
• Alphatec Spine, Inc.
• Vertiflex, Inc.
• Siemens Healthcare GmbH
• Orthpfix Holdings, Inc.
• CONMED
• Aspen Medical Products
• Smith & Nephew
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Regional Analysis:
The report focuses on Regions and Market Size of Spinal Devices , and development forecast 2021-2027, including industries, major players, suppliers globally, and market share by regions, with company and product introductions, market position including market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Spinal Devices Market:
The report addresses the consequences of COVID-19: Since the COVID-19 virus emerged in December 2019, the sickness has spread to nearly every country on the earth, causing the World Health Organisation to designate it a public health catastrophe. The global impacts of the coronavirus outbreak are already being felt, and they will have a significant impact on the Spinal Devices sector in 2021.
Key Questions answered in the Spinal Devices Market Report are:
What is the function of Spinal Devices ?
What is the predicted revenue generation of the Spinal Devices market?
At what growth rate is the Spinal Devices market evolving?
Who are the major market giants operating in the Spinal Devices market?
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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