Zion Research has published a new report titled “Spine
Surgery Devices Market by Technology Type (Fusion Non-Fusion, Vertebral
Compression Fracture, Spine Biologics and Spinal Decompression) for Device Type
like Fusion Devices, Fracture Repair, Non-Fusion Devices and Arthroplasty- Asia
Pacific Industry Perspective, Comprehensive Analysis, Size, Share, Growth,
Segment, Trends and Forecast, 2015 – 2021”. The Asia Pacific spine surgery
devices market was valued at USD 1.82 billion in 2015 and is expected
to reach USD 2.98 billion by 2022, growing at a CAGR of 7.3% between 2016 and
2022.
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The spine is composed of 26 vertebrates stacked on the top
of one other and spinal column allowing us to stand upright twist & bend
and provides the main support for our body. Thus, damage to the spinal cord
causes serious problem to the spinal column either temporarily or permanently.
For the treatment of spinal injuries number of technologies are available
including fusion, non-fusion, vertebral compression fracture, spine biologics
and spinal decompression.
The growth of spine surgery market is propelled by
increasing number of geriatric and obese population. The geriatric and obese
population are more prone to spine problems. Moreover, emerging technologies
for minimally invasive spine surgery procedures and increasing prevalence of
spinal injuries are projected to fuel the growth of spine surgery market. In
addition, car and motor vehicles accidents are the main reason for spine injuries,
every year due to car and motor vehicle accidents are accounting for more than
35% spine injuries and this will boost the growth of spine surgery device
market. On another hand, uncertainty in reimbursement, the high cost of surgery
and paucity of education related to spine treatment may hamper the growth of
spine surgery market. Nonetheless, increasing demand for medical tourism in
emerging markets is likely to open new opportunities in the forecast period.
Based on technology type spine surgery market has been
segmented into fusion, non-fusion, vertebral compression fracture, spine
biologics and spinal decompression. In 2015, fusion technology segment
dominated the market of spine surgery with 40.9% share of the market and but in
the forecast it is expected to slow down the growth rate due to emerging
technologies in spine biologics segment. In forecast period spine biologics
technology is expected to come up as leading segment with highest growth rate.
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Based on device type, the market of spine surgery has been
segmented into fusion devices, fracture repair, non-fusion devices and
arthroplasty. In 2015, fusion device segment dominated the spine surgery market
with 44.9% market share and during the forecast period, the non-fusion market
is expected to grow at the healthy rate due to increasing demand for minimally
invasive surgeries procedures.
Based on the country, the market has been segmented as
China, Japan, India and Rest of Asia-Pacific. In 2015, China was dominating the
spine surgery device market followed by Japan while India held the 19.0% share
of Asia Pacific spine surgery device market. In the forecast period, China is
expected to grow at a CAGR of 7.7% due to increasing geriatric and obese
population.
key participants operating in the Asia Pacific spine surgery
devices market include Alphatec Spine, Inc., Biomet, Inc., Depuy Synthes
Companies, Globus Medical, Inc., Integra Lifesciences Holdings Corporation.,
Medtronic, Inc., Nuvasive Inc, Stryker Corporation, Zimmer Holding, Inc., and
Amedica Corporation.
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TOC @ https://www.zionmarketresearch.com/report/spine-surgery-devices-market
Spine Surgery Devices Market: Technology type Segment
Analysis
·
Fusion
·
Non-Fusion
·
Vertebral Compression
Fracture
·
Spine Biologics
·
Spinal Decompression
Spine Surgery Devices Market: Device type Segment Analysis
·
Fusion Devices
·
Fracture Repair
·
Non-Fusion Devices
·
Arthroplasty
Spine Surgery Devices Market: Country Segment Analysis
·
China
·
Japan
·
India
·
Rest of Asia Pacific
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