29 May 2019, Global thoracolumbar
spine devices market is expected to grow at a significant CAGR in the
upcoming period as the scope and its applications are rising enormously across
the globe. Thoracolumbar spine devices are the equipment used in spinal
stabilization in pathologies like degenerative spinal disc disease.
The factors that are playing a major
role in the growth of the market are increasing spinal disorders like spinal
stenosis, vertebral fracture, and degenerative disc disease, sedentary
lifestyle, rising use of enhanced technology in R&D for the innovation of
products, and government initiative by providing affordable pricing policy.
Thoracolumbar spine devices market is segmented based on product type, device
type, surgery, materials, procedure type, end-user, and region.
Spine biologics, implants &
instrumentation, and other product types could be explored in thoracolumbar
spine devices in the forecast period. The implants & instrumentation sector
accounted for the substantial market share of thoracolumbar spine devices and
is estimated to lead the overall market in the years to come. The reason could
be the growing occurrence of spine related diseases, the growing aging
population, favorable reimbursement policies, and the use of enhanced
technology.
Posterior stabilization device, retractors, anterior
stabilization device, and other device types could be explored in thoracolumbar
spine devices in the forecast period. Based on surgery, minimally invasive
surgery (MIS), open surgery, and others could classify thoracolumbar spine
devices in the forecast period. The minimally invasive surgery (MIS) sector
accounted for the substantial market share of thoracolumbar spine devices and
is estimated to lead the overall market in the years to come. The reason could
be short hospital stay and fast recovery. Stainless steel, titanium, and the
other materials could be explored in thoracolumbar spine devices in the
forecast period. Corpectomy, discectomy, facetectomy, laminotomy, foraminotomy,
and other procedure types could be explored in thoracolumbar spine devices in
the forecast period.
Get Sample Copy of this Report @
The market may be categorized based on end-users like
ambulatory surgical centers (ASCs), specialty clinics, hospitals, and others
that could be explored in thoracolumbar spine devices in the forecast period.
The hospital sector accounted for the substantial market share of thoracolumbar
spine devices and is estimated to lead the overall market in the years to come.
The reason could be the high flow of patients and the positive influence of
spine surgeries on thoracolumbar stabilization devices. In addition, ASCs
sector is estimated to grow at the fastest pace in the years to come.
Globally, North America accounted for a substantial
market share of thoracolumbar spine devices and is estimated to lead the
overall market in the years to come. The reason behind the overall market growth
could be the developed healthcare infrastructure and the presence of key
manufacturers. The United States is a major consumer of thoracolumbar spine
devices in this region.
Europe and the Asia Pacific are also estimated to have a
positive influence on future growth. Europe is the second largest region with
significant market share. However, Asia Pacific is estimated to grow at the
highest CAGR in the forecast period. The aspects that may be ascribed to the
growth comprise the presence of a large patient pool, developing healthcare
infrastructure, and growing awareness among populace regarding spine disorders.
The developing countries like India and China are the major consumers of
thoracolumbar spine devices in this region.
The key players of the thoracolumbar spine devices market
are Zimmer Biomet, DePuy Synthes, Stryker, Globus Medical, NuVasive, and
Medtronic. These players are concentrating on inorganic growth to sustain
themselves amidst fierce competition.
Browse Related Category Market
Reports @
No comments:
Post a Comment