Global Spinal Fusion Market Outlook To 2026|MicroPort Scientific Corporation, Medtronic, Johnson & Johnson Services, Inc., Stryker, Integra LifeSciences, Orthofix Holdings
Global Spinal Fusion Market is expected to rise from its initial estimated value of USD 7,751.98 million in 2018 to an estimated value of USD 11,905.89 million by 2026, registering a CAGR of 5.51% in the forecast period of 2019-2026. Rising spinal disorders is the major factor for the growth of this market.
In addition, the spinal fusion report also brings into focus the new highs that will be made by the healthcare industry in the forecast period 2019 – 2026. This market report lends a hand to healthcare industry by giving actionable market insights and comprehensive market analysis. Spinal fusion report gives explanation about the particular study of the healthcare industry with respect to market definition, market segmentation, key developments in the market, competitive analysis and research methodology with excellent tools and techniques. A team of fervent, dynamic and skilled researchers and analysts take efforts with full commitment to provide with an absolute market research report.
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Few of the major competitors currently working in the spinal fusion market are Zimmer Biomet, K2M, Inc., MicroPort Scientific Corporation, Medtronic, Johnson & Johnson Services, Inc., Stryker, Integra LifeSciences, Orthofix Holdings, Inc., Weigao group, Bo NING Hua medical devices Beijing Co., Ltd., NuVasive, Inc., B. Braun Melsungen AG, Globus Medical Inc, RTI Surgical Holdings, Inc., Vallum Corporation, Choice Spine, Life Spine, Inc.
Key Developments in the Market:
- In September 2018, Johnson & Johnson Medical Devices Companies announced that they have acquired Emerging Implant Technologies GmbH (EIT) so that they can expand their portfolio for both minimally invasive and open spinal fusion surgery. The main aim is to provide more interbody solutions options to the surgeons, so that they can provide better treatment to the patients.
- In June 2018, CoreLink announced that they have acquired an Israeli medical device company so that with use of FLXfit and FLXfit 15 titanium transforaminal lumbar interbody fusion systems they can expand their orthopedics portfolio. The main aim is to provide customers with advanced technology for the better treatment and will also help them to expand their business.
Competitive Analysis:
Global spinal fusion market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of spinal fusion market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Table of Contents
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
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Market Drivers
- Rising number of aging population is driving the growth of this market
- Increasing road accidents is another factor driving the growth of this market
Market Restraints
- High setup cost is restraining the growth of this market
- High price of the spinal fusion surgeries is another factor restraining the growth of the market
Segmentation: Global Spinal Fusion Market
By Product Type
- Interbody Cages
- Pedicle Screws & Rods
- Spinal Fusion Plates
By Procedure Type
- Posterolateral Fusion
- Interbody Fusion
By End-User
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
By Type
- Traditional Spinal Fusion Procedure
- Posterior Lumbar Interbody Fusion
- Anterior Lumbar Interbody Fusion
- Others
By Geography
- North America
- South America
- Europ
- Asia-Pacific
- Middle East & Africa
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