Spinal implants and devices are used to treat several disorder which includes degenerative disc disease, fracture, scoliosis etc. Spinal implants provide strength and spinal stabilization.
The global spinal implants and surgical devices market report has been segmented on the basis of technology, product, type, and region. Rapidly growing obsess and elderly population coupled with rising incidence of spine deformities is major factor expected to fuel the growth of the global spinal implants and surgical devices market over the forecast period. In addition, technological advancements by manufacturers in spine surgery devices is other factor expected to drive the market growth over the forecast period. However, stringent government regulation for approval procedures and high cost of the treatment are factors expected to limit the growth of the market over the forecast period.
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Based on type, the global spinal implants and surgical devices market is segmented based on two types namely, open surgery and minimally invasive surgery. The minimally invasive surgery segment is expected to witness rapid growth rate over the forecast period as the surgery is less painful, requires smaller incisions and hospital stay.
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 presence of advanced healthcare facilities and increasing number of cases spine deformities in the region. Asia Pacific region is expected to witness rapid growth rate over the forecast period. Countries like India, China, Australia is expected to support the growth of Asia Pacific, owing to the improving healthcare infrastructure and rapidly growing geriatric population in the region.
Some prominent players in the global spinal implants and surgical devices market are Medtronic plc, DePuy Synthes, Inc., Stryker Corporation, NuVasive, Inc., Zimmer Biomet Holdings, Inc., Globus Medical, Inc., Alphatec Spine, Inc., Orthofix International N.V., LDR Holding Corporation, and K2M Group Holdings, Inc.