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Spinal Implants and Spinal Devices Market to Grow at 5.6% CAGR to 2020

Press Release   •   Dec 01, 2015 16:20 EST

The global spinal implants and spinal devices market is estimated to grow at a CAGR of 5.6% from 2015 to 2020. Although mature markets (such as North America and Europe) hold larger shares in the spinal implants and spinal devices market in 2015, the Asia-Pacific region is poised to grow at the highest CAGR of 8.2% in the next five years. Factors such as the presence of a large patient population, growing number of obesity cases, increasing government spending on healthcare, and rising income levels are propelling the growth of the spinal implants and spinal devices market in the Asia-Pacific region. Complete report on spinal implants and spinal devices market spread across 216 pages, profiling 10 companies and supported with 87 tables and 83 figures is now available at http://www.rnrmarketresearch.com/spine-surgery-devices-market-forecasts-to-2017-fusion-non-fusion-artificial-discs-nucleus-replacement-spinal-decompression-vertebral-compression-fractures-treatment-kyphoplasty-spine-stimula-market-report.html .

The growth of the global spinal implants and spinal devices market is driven by factors such as technological advancements in spine surgery devices, growing demand for minimally invasive spine surgeries, and increasing aging and obese population with increasing number of spine deformities. In addition, emerging Asian and Latin American nations and growing number of hospitals and surgical centers are offering new growth opportunities for the spinal implants and spinal device manufacturers. Geographically, North America is estimated to command the largest share of 64.9% of the global spinal implants and spinal devices market in 2015, followed by Europe. The large market share of the North American region is attributed to the increased awareness about the newly developed treatment technologies and the well-established healthcare infrastructure and reimbursement system in this region. Order a copy of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=80174 .

In this report, the spinal implants and spinal devices market has been segmented on the basis of technology (covering spinal fusion and fixation, motion preservation/non-fusion, and spinal vertebral compression fracture treatment technologies), product (including thoracic fusion & lumbar fusion, cervical fusion, spine biologics, vertebral compression fracture treatment, spine bone stimulators, and non-fusion treatment devices), type of surgery (open and minimally invasive), and region (North America, Europe, Asia-Pacific, and the Rest of the World). The spinal fusion and fixation technology segment is estimated to account for the largest share of the global spinal implants and spinal devices market in 2015. However, the motion preservation/non-fusion technology segment is expected to grow at the highest CAGR during the forecast period.

The spinal implants and spinal devices market is highly competitive, with a large number of global and local manufacturers of spinal products. As of 2014, the global spinal implants and spinal devices market was dominated by Medtronic plc (U.S.) and DePuy Synthes (U.S.), that together accounted for a share of 47.4% of the global market. New product launches and product enhancements; agreements, partnerships, and collaborations; and mergers and acquisitions are the major strategies adopted by most of the market players to achieve growth in the spinal implants and spinal devices market. Priced at $4650 for a single user PDF, a discount on this research report can be requested at http://www.rnrmarketresearch.com/contacts/discount?rname=80174 .

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on spine products offered by the top 10 players in the spinal implants and spinal devices market. The report analyzes the spinal implants and spinal devices market by product, technology, type of surgery, and decompression devices across four geographies
  • Product Development/Innovation: Detailed insights on current and upcoming technologies, research and development activities, and new product launches in the spinal implants and spinal devices market
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various spinal implants and spinal devices across geographies
  • Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the spinal implants and spinal devices market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the spinal implants and spinal devices market

Related Market Reports:

"Spine Biologics Market by Product Type (Bone Graft, Bine Graft Substitute, Platelet Rich Plasma, BMAC), Surgery Type (Anterior Cervical Discectomy and Fusion, Posterior Lumbar Interbody Fusion), End User, and Geography - Global Forecast to 2020” research report is now available with RnRMarketResearch.com. Leading players such as Medtronic Inc. (U.S.), DePuy Synthes Companies (U.S.), Zimmer Holding Inc. (U.S.), Nuvasive Inc. (U.S.), Stryker Corporation (U.S.), Orthofix International N.V. (U.S.), K2M Inc. (U.S.), Exactech Inc. (U.S.), and Wright Medical Technology Inc. (U.S.) are discussed in this research available at http://www.rnrmarketresearch.com/spine-biologics-market-by-product-type-bone-graft-bine-graft-substitute-platelet-rich-plasma-bmac-surgery-type-anterior-cervical-discectomy-and-fusion-posterior-lumbar-interbody-fusion-end-user-and-geography-global-forecast-t-market-report.html .

Explore more Medical Devices Market Research Reports at http://www.rnrmarketresearch.com/reports/life-sciences/medical-devices .

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