The Global Spinal Implants Market has been evaluated to be rapidly growing market and is expected to grow tremendously in the near future. Spinal implants are devices used by surgeons during surgery to treats deformities, stabilizes and provides strength to the spine and to expedite the fusion process. Spinal implants are used to treat spine related disorders including degenerative disc disease, scoliosis, kyphosis, fracture and spondylolisthesis.

As age increases bone density declines which leads to chronic back problems which is common in old age people. This elevates spinal cord damage risk. Recently there have been amazing innovations in implantable devices allowing enhancement of the same the result of which is their use have increased in spinal and orthopedic surgeries. Advanced spinal implantable devices are widely accepted globally as maximum people are willing to spend on spinal surgeries which includes use of these devices. The demand for minimally invasive surgical procedures is more as it provides benefits like less blood loss, less recovery time, reduce risk of medical complication, infections, pain and muscle damage. Minimally invasive spinal surgeries are done more which has boosted the market of spinal implants.

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There are some other factors which have substantial impact on the spinal implant market. Rise in number of vehicular accidents, increased spinal injuries and disorders, increasing geriatric and obese population, lack of proper nutrition and exercise which are consequently increasing chronic back problems. All these are some of the factors which are responsible for the growth of the global spinal implants market. However, high cost of the spinal implants, spinal surgical procedures and unstable reimbursement policies put immense pressure on developing nations and the low income economies causing hindrance to the growth of the spinal implants market.

Latest Industry News

San Diego-based NuVasive, Inc. has launched its TLX 20-degree expandable spinal interbody implant with a first-of-its-kind oblique profile designed for transforaminal lumbar interbody fusion (TLIF) procedures. 21 SEP 2018
NuVasive has commenced a study in order to evaluate long-term outcomes of two NuVasive (NUVA +0.1%) spinal implants, Modulus 3D-printed titanium and Cohere Porous PEEK, in patients undergoing a one- or two-level lateral lumbar interbody fusion (XLIF) procedure. 26 SEP 2018
Global Spinal Implants Market - Key Players

The key players in the global spinal implants market include Accel Spine (USA), AESCULAP (USA), Alliance Spine (USA), Alphatec Holdings, Inc. (the USA), Amedica Corporation (USA), Apollo Spine (USA), Ascendx Spine (USA), A-Spine (Taiwan), Back 2 Basics Spine (Canada), Captiva Spine Inc. (USA), Centinel Spine (USA), Depuy Synthes Inc. (Johnson & Johnson) (USA), Exactech Inc. (USA), Globus Medical, Inc. (USA), Integra LifeSciences (USA), K2M Group Holdings, Inc. (the USA), LDR Holding Corporation (USA), Life Spine (USA), Medtronic, plc (Ireland), NLT Spine (USA), NuVasive, Inc. (the USA), Orthofix International N.V. (Netherlands), Paradigm Spine LLC (USA), Precision Spine (USA), Premia Spine (Israel), Quandary Medical LLC (USA), Reliance Medical Systems (USA), RTI Surgical, Inc. (USA), SI-BONE (USA), Spine Frontier (USA), Spineart Geneva SA (Switzerland), SpineGuard (France), Spinal Solutions Inc. (USA), Stryker Corporation (USA), and Zimmer Biomet Holdings, Inc. (USA).

Global Spinal Implants Market - Segments

The global spinal implants market has been segmented on the basis of material, procedure, product, and lastly region. Material based segmentation of this market segments the market into plastic, stainless steel, titanium, titanium alloy, and others. Based on the procedure, the market has been segmented into minimally invasive surgery (MIS), open surgery, and others.

The product-based segmentation covers spine biologics, spinal bone stimulators, spinal fusion devices, non-fusion devices/motion preservation devices, Vertebral Compression Fracture (VCF) treatment devices, and others. Spine Biologics have been sub-segmented into bone graft substitutes, cell-based matrix, and spinal allografts. The bone graft substitutes have been further segmented into bone morphogenetic proteins and synthetic bone grafts. The further segmentation of spinal allografts covers demineralized bone matrix and machined bones allograft.

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Spinal Implants Market – Regional Analysis

The regional segmentation of the global spinal implants market has segmented the market on the basis of continents named The Americas (North America & South America), Europe, Asia Pacific, and the Middle East and Africa (MEA). The Americas dominate the global spinal implants market due to the advancement in manufacturing processes, the contribution of nanotechnology to the pharmaceutical packaging market, and technological innovation. Due to the availability of advanced technology and the best medical facilities, North America is a bigger market than South America. In this region, the most important country-specific markets are the United States of America (USA) and Canada. Many key players in the market are based in the USA. In South America, the strongest economies that can emerge as lucrative markets someday are Argentina and Brazil.

Europe is an important market because, after North America, it is the most technologically advanced market. Due to the reasons same as the Americas, Western Europe is a bigger market than Eastern Europe. In Western Europe, the most significant country based markets are France, Germany, Italy, Spain, and the United Kingdom (UK), followed by the rest of Western Europe. In Europe, the spinal implants market is growing due to due to its increasing geriatric population and the growing demand by geriatric people for the spinal implants and devices.

According to the report, Asia Pacific is an emerging market due to the rapid urbanization and the gradual increase in obesity which has led to increased spinal disorders. The most important factors that are creating the demand for spinal implants and driving the market include advanced treatments, increasing awareness with regards to spinal problems and novel spine treatment techniques, increasing healthcare expenditure, and increasing government support for advanced healthcare technologies. The primary country-specific markets in this region are Australia, China, India, Japan, and South Korea, followed by the rest of the Asia Pacific region.

In the MEA region, the market is small and limited. Reasons for the limited market growth in this region are lack of awareness, lack of education, lack of technological development, political instability and healthcare not being considered a priority by the government. In this region, the maximum revenue is generated by the country-specific markets namely Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates (UAE), followed by the rest of the MEA region.

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