Explosive Growth And Attractive Opportunities In Spinal Intervention Market During 2019-2026

Spinal intervention provides minimally invasive treatment for spine and nerve related painful conditions. The most frequently treated diseases are sciatica, herniated discs, arthritis of the spine, vertebral fracture, neuropathic or nerve pain in hands and legs, narrowing of the spinal canal, post-herpes neuralgia, trigeminal neuralgia, refractory pelvic pain, back or leg pain after back surgery, vascular diseases related pain, phantom limb pain and terminal cancer pain.

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The spinal intervention market for surgical and replacement technologies is in an emerging state mainly due to rise in ageing population, increase in prevelance of neurological diseases and increase in obese population as they have higher chances of spine deformilities. In addition, the market is driven by the rising public and private investments, grants and funds for the development of more advanced technologies. Conversely, dearth of skilled and experienced phisicians, lack of patient awareness and high pricing pressure is a major factor restraining the market growth.

The market is segmented based on surgery, procedure, product, technology, and geography. Based on surgery, the market is segmented into open surgery, and minimally invasive surgery. Based on procedure, the market is segmented into facetectomy, discectomy, laminectomy, corpectomy, and foraminectomy. Based on product the market is segmented into thoracic fusion and lumbar fusion devices, cervical fusion devices, vertebral compression fracture treatment devices, spine biologics, non-fusion treatment devices, and spine bone stimulators. Based on technology, the market is segmented into spinal fusion technologies, spinal fixation technologies, spinal non-fusion technologies, and vertebral compression fracture treatment. The market is analyzed on the basis of four regions, namely, North America, Europe, Asia-Pacific, and LAMEA.

Product launch, collaboration & merger, and acquisition are the key strategies adopted by market players. Healthcare giant such as Abbott has acquired St Jude Medical in April 2016 creating a high growth in spinal intervention market.

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The report provides a comprehensive analysis of the key players operating in the spinal intervention market for surgical and replacement technologies such as Medtronic, Inc., BioControl Medical, Boston Scientific Corporation, Abbott, Synapse Biomedical, Inc., Zimmer Biomet Holdings, Inc., Stryker Corporation, Orthofix International N.V., Globus Medical, Inc. and DePuy Synthes.

KEY MARKET BENEFITS:

  • In-depth analysis of the market is done based on market estimations of the key segments from 2014 to 2022.
  • Comprehensive analysis of factors that drive and restrict the growth of the world spinal intervention market for surgical and replacement technologies.
  • The projections in the report are based on the current market trends and future estimations, in terms of value, from 2014 to 2022.
  • Exhaustive analysis of the market by age group helps in understanding the different techniques of spinal intervention for different age groups that are currently used along with the variants that are expected to gain prominence in the future.
  • Analysis of current research and clinical developments is provided with key dynamic factors that help in understanding the market behavior.

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