spinal fusion market Share, Revenue, Demand and Forecast to 2025
Changing aspects of spinal fusion market
The major reason that spinal fusion market is growing due to growing older population and diseases related to older age such spinal fractures, spinal stenosis, scoliosis, spondylolisthesis and kyphosis which has push the demand of minimal invasive surgeries will help grow the spinal fusion market.
• In addition to factors such as added health benefits with the spinal fusion procedure
• Lesser duration in hospital
• Newer technological advancements are all leading in the growth of spinal fusion market.
However, absence of awareness, expensive treatment can hamper the growth of the spinal fusion market.
Regional Analysis:
North America holds the strongest position in the global spinal fusion market closely followed by Europe owing to well-established healthcare infrastructure, strict regulatory procedures and promising government policies. Asia Pacific is showing significant growth due to increasing adoption of technological advancements, growing older population and rise in awareness among the people.
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Some of the key players in Global Spinal Fusion Market are
• Braun Melsungen AG (Germany)
• Alphatec Holdings, Inc.(U.S.)
• Globus Medical, Inc. (U.S.)
• Exactech, Inc. (U.S.)
• Medtronic plc. (U.S.)
• Stryker Corporation(U.S.)
• Zimmer Biomet Holdings, Inc. (U.S.)
• Depuy Synthes (U.S.)
Notable market development:
Wenzel Spine Inc., product VariLift LX received US FDA clearance in 2016, for interbody fusion device used in lumbar spine.
The Global Spinal Fusion Market is divided into following categories-
By product
• Cervical Fixation Device
• Interbody Fusion Device
• Thoracolumbar Devices
By surgery
• Minimally Invasive Spine Surgery
• Open Spine Surgery
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By end-users
• Orthopedic Clinics
• Multispecialty Hospitals
• Neurology Clinics
• Others
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