Shibuya-ku, Tokyo, Japan, Japan, Mar 08, 2021, 00:24 /Comserve / -- Key Players: Zimmer Biomet Holding, Inc, DePuy Synthes, Inc., NuVasive, Inc, Stryker Corp, and Medtronic PLC, and other predominant & niche players.
Global Spine Orthopedic Devices Market – Drivers, Restraints, Opportunities, Trends, and Forecasts: 2017–2023
Overview: Spinal implants are used in treating disorders of the spinal column. An increase in the incidence rate of spinal disorders, such as spondylolisthesis, and disc-related issues, and spinal stenosis, are driving the market growth. Most of the spine implants are used to correct deformities of the spine by stabilizing and strengthening the spine. These implants are composed of metals such as titanium alloy, stainless steel, and bio-absorbable materials. The spine orthopedic devices market is segmented into two types, namely spinal fusion implants and spine non-fusion implants. The development in spine orthopedic devices segments has gained huge importance in developing advanced implants with innovative orthobiologics (biomaterials).
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Key Players: Zimmer Biomet Holding, Inc, DePuy Synthes, Inc., NuVasive, Inc, Stryker Corp, and Medtronic PLC, and other predominant & niche players.
Aging population is a primary driver for all medical industry segments as it significantly driven by declining fertility rates and increase in life expectancy. The US had the largest aging population with people aged above 65 years totaling up to 46 million, in Europe about 19% of the people were aged above 65 years, and 26.7% of elder people were aged above 65 years in Japan as of 2016. These three major markets have a significant market stand, as all the key vendors are present in this these regions accounting to about 70%-75% of the global spine orthopedic devices market. However, only 12.84% of the world population, accounting for 954 million people, lived in these geographic regions in 2016. The growth and opportunities for orthopedic devices exist outside these three major markets as most of the emerging and underdeveloped regions require musculoskeletal care throughout their lives.
Table of Content
1 Industry Outlook 10
1.1 Industry Overview 10
1.2 Definition: Orthopedics 10
1.3 Healthcare spending in the US 12
1.4 Reimbursement Scenario 12
1.5 Emerging Global Markets 13
1.6 Musculoskeletal disorders 14
1.6.1 Knee Implants 16
1.6.2 Hip Implants 16
1.6.3 Ankle & Foot Implants 16
1.6.4 Shoulder Implants 16
1.6.5 Spine Implants 16
1.6.6 Trauma Fixation Devices 16
1.6.7 Sports Medicine Devices 17
1.6.8 Orthobiologics 17
1.7 Industry Trends 17
2 Report Outline 18
2.1 Report Scope 18
2.2 Report Summary 18
2.3 Research Methodology 19
2.4 Report Assumptions 19
3 Market Snapshot 20
3.1 Total Addressable Market (TAM) 20
3.2 Segmented Addressable Market (SAM) 21
3.2.1 Definition 21
3.2.2 Importance of spine surgery devices 22
3.2.3 Surgical approach 22
3.2.4 Fixation Devices (spine implants) 23
3.2.5 Spine accessories 23
3.2.6 Biomaterials 23
3.3 Related Markets 24
3.3.1 Surgical Devices Market 24
3.3.2 Biomaterial Market 24
3.3.3 Dental Implant Market 25
3.3.4 Energy-Based Aesthetic Devices Market 25
4 Market Outlook 25
4.1 Overview 25
4.2 PEST Analysis 27
4.3 Porter 5(Five) Forces 28
5 Market Characteristics 30
5.1 Evolution 30
5.2 DRO – Global Spine Orthopedic Devices Market Dynamics 32
5.2.1 Drivers 33
5.2.1.1 Rise in the prevalence of spinal disorders 33
5.2.1.2 Growing popularity of minimally invasive surgeries 34
5.2.1.3 Rise in elderly population 34
5.2.1.4 Increase in number of outpatient procedure 34
5.2.2 Opportunities 34
5.2.2.1 Adoption of spinal navigation technology 34
5.2.2.2 Increase usage of orthopedic biomaterials in spine surgery 35
5.2.2.1 Increase healthcare spending 36
5.2.2.2 Increase in mergers & acquisitions 36
5.2.3 Restraints 36
5.2.3.1 High cost of spine surgery procedures 36
5.2.3.2 Complications and risk associated with spine surgeries 37
5.2.3.3 Stringent regulatory framework and labeling requirement 37
5.2.3.4 Poor reimbursement policies 38
5.2.3.5 Intense competition among vendors 38
5.2.4 DRO – Impact Analysis 38
5.2.5 Key Stakeholders 39
Request to Fill The Form To get Sample Copy of This Report: https://www.sdki.jp/sample-request-107272
"The Final Report will cover the impact analysis of COVID-19 on this industry (Global And Regional Market)."
Benefits: The report provides complete details about the usage and adoption rate of orthopedic devices in various spine orthopedic diseases and regions. Thus, key stakeholders can know about the major trends, drivers, investments, vertical player’s initiatives, and government initiatives toward the orthopedic products adoption in the upcoming years. It also provides details of commercial orthopedic devices available in the market. Moreover, the report details about the major challenges that are going to impact the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders that will help them expand their business and capture revenue in the specific verticals.
The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.
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Lauren BrownShibuya Data Count
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