Spinal fusion is surgical procedure that permanently connect two or more vertebrae in spine, eliminating motion between them. Furthermore, it also prevents the stretching of nerves and surrounding ligaments and muscles. Spinal fusion helps in treating various spine problems which includes broken vertebrae, deformities of the spine, spinal instability, herniated disk, and spondylolisthesis. The global spinal fusion devices market report has been segmented on the basis of product type, surgery, end user, and region.
Increasing number of cases of spondylolisthesis and spondylolisthesis are major factor expected to propel the growth of the market over the forecast period. Increasing preference to minimal invasive surgical procedure is other factor expected to boost the growth of the market over the forecast period. Rapidly growing ageing population, launch of novel products by the manufacturers operating in the market is expected to boost the growth of the global spinal fusion devices market over the forecast period. However, stringent government regulation for the approval product is major factor expected to limit the market growth.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes major market share and expected to maintain its dominance over the forecast period owing to the increasing number of product approval in the region. Asia Pacific region is expected to witness rapid growth rate over the forecast period. Countries like China and India is expected to support the growth of Asia Pacific market, owing to increasing number cases of spinal deformities and rapidly growing ageing population in the region.
Some prominent players in the global spinal fusion devices market are Zimmer Biomet Holdings Inc., Stryker Corporation, Exactech, Inc., Orthofix International N.V., Globus Medical, Inc., NuVasive, Inc., Medtronic Plc., Johnson & Johnson, Braun Melsungen AG, Wenzel Spine, Inc., and K2M Group Holdings, Inc.