Spine Surgery Devices Market Trend, Share, Growth, Size, Analysis and Forecast 2032

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The spine is a made up of 26 discs known as the vertebrate. These vertebrate helps in protecting the spinal cord and allow us to stand and bend. Spine injuries are very serious because spinal cord contains the nerves that carry the message to body from brain and damage in spinal cord causes its function these may translate into the loss of muscle function and sensation. For the treatment of spinal surgery injuries number of technology are used like fusion non-fusion, vertebral compression fracture, spine biologics and spinal decompression. According to World Health Organization, every year 2.5 to 5.0 lakh people suffer from spine injuries and these injuries are mainly due to road traffic accidents and violence.

Increasing road accidents and violence are projected to boost the growth of spine surgery devices market. Rising prevalence of obesity is the main factor responsible for the growth of spine surgery devices market and this prevalence of obesity is increasing with changing lifestyle, lack of proper diet & exercise and increasing consumption of fast food. Increasing prevalence of spinal disorders is also growing the market of spine surgery device. However, lack of understanding of spine surgery reimbursement may hamper the growth of spine surgery devices market.

The spine surgery market has been classified on the basis of technology into fusion, non-fusion, vertebral compression fracture, spine biologics and spinal decompression. As a result of increasing prevalence of spinal injuries, fusion technology segment dominated the market for spine surgery in 2015 and this was most preferable technology by surgeons in the treatment of spinal injuries. With advancement in technologies, spine biologics is expected to open new opportunities in coming years. Nonetheless, new emerging technologies and increasing demand for medical tourism in emerging markets like India are expected to generate more opportunity in the forecast period.

The spine surgery market has been segmented on the basis of device type into fusion devices, fracture repair, non-fusion devices and arthroplasty. Among this fusion device was contributing maximum market share in 2015 followed by nonfusion devices.

The spine surgery market has been segmented on the basis of the country into China, Japan, India and Rest of Asia-Pacific. With increasing demand for spine surgery and expenditure on research and development China was leading the country in spine surgery market followed by Japan and in forecast period China and Japan are expected to open new opportunities.

Key participants operating in the Asia Pacific spine surgery devices market include Alphatec Spine, Inc., Biomet, Inc., Depuy Synthes Companies, Globus Medical, Inc., Integra Lifesciences Holdings Corporation., Medtronic, Inc., Nuvasive Inc, Stryker Corporation, Zimmer Holding, Inc., and Amedica Corporation.