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Pulished Date April, 2021
ID: 3038
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Asia Pacific Spinal Implants Market Research Report – Segmented By Technology, Product and Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC) - Industry Analysis, Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 3038
Pages: 137

APAC Spinal Implants Market Size (2021 to 2026)

The size of the Asia Pacific Spinal Implants Market size was valued at USD 3159.89 million in 2021. It is further projected to be growing at a CAGR of 5.93% and worth USD 4214.70 Million by 2026. 

Spine disorders contribute substantially to healthcare costs worldwide and have wide-ranging effects on patients, from mild pain and loss of feeling to extreme pain and paralysis. Deformity, tumors, trauma, and degenerative conditions in the spine are the primary causes of such disorders. Degenerative disc disease (DDD) is most common among otherwise healthy people in their 30s or 40s. It is also known as slip disc and affects approximately half of the 7 major markets aged 40 and older. Gradual disc damage is the cause of slip discs, often resulting in disc herniation and chronic back or neck pain.

The prevalence and incidence of spinal and chronic disorders have risen due to an unhealthy lifestyle, poor posture, and sedentary work is one of the significant factors promoting the growth rate of the APAC spinal implants market. Sedentary behavior results in weak muscles and ligaments, which do not adequately support the back and predispose people to back discomfort. The rise in obesity is the primary health concern. The senior population's increase as this age group suffers from lower back pain with the rise in degenerative spinal conditions. In addition, the increase in the innovations and developments in spinal surgery helps patients recover from back pain and deformities as it helps strengthen and improve the back's stability.

However, the strict regulatory clearance process is very tedious and time-consuming is expected to pull back the aggressiveness of the market’s growth rate. In addition, the stringent government policies make the entry of the product more difficult. Therefore, lesser players enter the market and thus the restricted market growth. Due to the fear of expensive treatment procedures and medications and an increase in the competition with the major market players is proving people with various alternatives. 

This research report on the APAC spinal implants market has been segmented and sub-segmented into the following categories:

By Technology: 

  • Spinal Fusion and Fixation Technologies
  • Vertebral Compression Fracture Treatment
  • Motion Preservation/Non-Fusion Technologies
  • Spinal Decompression

By Product: 

  • Thoracic Fusion and Lumbar Fusion Devices                                             
  • Posterior Thoracic Fusion and Lumbar Fusion Devices                      
  • Interbody Thoracic Fusion and Lumbar Fusion Devices                    
    • By Approach   
    • Anterior Lumbar Interbody Fusion Devices
    • Posterior Lumbar Interbody Fusion Devices
    • Transforaminal Lumbar Interbody Fusion Devices
    • Axial Lumbar Interbody Fusion Devices
    • By Material      
    • Non-Bone Interbody Fusion Devices
    • Bone Interbody Fusion Devices
    • Anterior Thoracic Fusion and Lumbar Fusion Devices    
  • Cervical Fusion Devices                  
    • Anterior Cervical Fusion             
    • Anterior Cervical Plates
    • Cervical Interbody Fusion Devices
    • Anterior Cervical Screw Systems
    • Posterior Cervical Fusion           
    • Posterior Cervical Plates
    • Posterior Cervical Screws
    • Posterior Cervical Rods
  • Spine Biologics                   
    • Demineralized Bone Matrix      
    • Bone Morphogenetic Proteins
    • Bone Substitutes          
    • Machined Bones           
    • Cell-Based Matrices     
    • Allografts          
  • Vcf Treatment Devices                   
    • Balloon Kyphoplasty Devices   
    • Vertebroplasty Devices              
  • Spinal Decompression                    
    • Discectomy      
    • Laminoplasty, Laminectomy, and Laminotomy
    • Foraminotomy and Foraminectomy     
    • Facetectomy   
    • Corpectomy    
  • Non-Fusion Devices                        
    • Dynamic Stabilization Devices  
    • Interspinous Process Spacers
    • Pedicle-Based Dynamic Rod Devices
    • Facet Replacement Products
    • Artificial Discs  
    • Artificial Cervical Discs
    • Artificial Lumbar Discs
    • Annulus Repair Devices              
    • Nuclear Disc Prostheses             
  • Spine Bone Stimulators                  
    • Non-Invasive Spine Bone Stimulators  
    • Pulsed Electromagnetic Field Devices
    • Cc and Cmf Devices
    • Invasive Spine Bone Stimulators

By Country: 

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Based on the region, it is the third in terms of market share, closely resembling Europe. However, China is the leading market in this region. The APAC Spinal implants market is projected to register a significant share in the global market during the forecast period. It is driven by the rising demand for minimally invasive surgical treatments, the increasing prevalence of obesity, the aging population, and related spine problems. In addition, the market is anticipated to benefit from ongoing improvements in spine surgical technology and spinal implants in the foreseeable future.

The Indian spinal implants market is expected to be growing at a lucrative CAGR during the forecast period. It is estimated that around 60% of the Indian population are experiencing major acute back trouble at some point in their lives, with the increase in technological advancements and innovative products that provide convenient and effective treatments. Therefore, the market analyzed is projected to be driven by the rise in the number of cases with spinal issues.

According to World Health Organization (WHO), obesity is a serious and major health problem in China, with the general rates of obesity ranging from 5 percent to 6 percent across the country, but as high as 20% in particular places where fast food is prevalent. Compared to other age groups, individuals aged 40–59 had the highest frequency of severe obesity.

The Australian spinal surgical devices market for spinal implants is estimated to grow at a CAGR of 5.1 percent due to lower birth rates, longer life expectancies, and quick aging. In the increasingly aging population, a high incidence of neck and low back pain is linked to a large increase in spinal diseases as spinal implantation provides better stability to people who faced problems due to fracture, deformity, and degenerative disorders of the spine.

KEY MARKET PLAYERS:

Medtronic, plc (Ireland), DePuy Synthes (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), and RTI Surgical, Inc. (U.S.) are playing a major role in the APAC spinal implants market.

1.Introduction                  

                1.1 Market Definition    

                1.2 Study Deliverables  

                1.3 Base Currency, Base Year and Forecast Periods          

                1.4 General Study Assumptions

2. Research Methodology                           

                2.1 Introduction               

                2.2 Research Phases      

                                2.2.1 Secondary Research                                           

                                2.2.2 Primary Research                                 

                                2.2.3 Econometric Modelling                                      

                                2.2.4 Expert Validation                                  

                2.3 Analysis Design         

                2.4 Study Timeline          

3. Overview                       

                3.1 Executive Summary

                3.2 Key Inferences         

                3.3 Epidemology              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                    

                4.1 Market Drivers          

                4.2 Market Restraints    

                4.3 Key Challenges         

                4.4 Current Opportunities in the Market              

5. Market Segmentation                              

                5.1 Technology 

                                5.1.1 Introduction                                           

                                5.1.2 Spinal Fusion and Fixation Technologies                                     

                                5.1.3 Vertebral Compression Fracture Treatment                                             

                                5.1.4 Motion Preservation/Non-Fusion Technologies                                     

                                5.1.5 Spinal Decompression                                        

                                5.1.6  Y-o-Y Growth Analysis, By Technology                                       

                                5.1.7  Market Attractiveness Analysis, By Technology                                     

                                5.1.8  Market Share Analysis, By Technology                                       

                5.2 Product        

                                5.2.1 Introduction                                           

                                5.2.2 Thoracic Fusion and Lumbar Fusion Devices                                             

5.2.2.1 Posterior Thoracic Fusion and Lumbar Fusion Devices                      

5.2.2.2 Interbody Thoracic Fusion and Lumbar Fusion Devices                    

                5.2.2.2.1 By Approach   

                                5.2.2.2.1.1 Anterior Lumbar Interbody Fusion Devices

                                5.2.2.2.1.2 Posterior Lumbar Interbody Fusion Devices

                                5.2.2.2.1.3 Transforaminal Lumbar Interbody Fusion Devices

                                5.2.2.2.1.4 Axial Lumbar Interbody Fusion Devices

                5.2.2.2.2 By Material      

                                5.2.2.2.2.1 Non-Bone Interbody Fusion Devices

                                5.2.2.2.2.2 Bone Interbody Fusion Devices

                5.2.2.2.3 Anterior Thoracic Fusion and Lumbar Fusion Devices    

5.2.2.3 Cervical Fusion Devices                  

                5.2.2.3.1 Anterior Cervical Fusion             

                                5.2.2.3.1.1 Anterior Cervical Plates

                                5.2.2.3.1.2 Cervical Interbody Fusion Devices

                                5.2.2.3.1.3 Anterior Cervical Screw Systems

                5.2.2.3.2 Posterior Cervical Fusion           

                                5.2.2.3.2.1 Posterior Cervical Plates

                                5.2.2.3.2.2 Posterior Cervical Screws

                                5.2.2.3.2.3 Posterior Cervical Rods

5.2.2.4 Spine Biologics                   

                5.2.2.4.1 Demineralized Bone Matrix      

                5.2.2.4.2 Bone Morphogenetic Proteins

                5.2.2.4.3 Bone Substitutes          

                5.2.2.4.4 Machined Bones           

                5.2.2.4.5 Cell-Based Matrices     

                5.2.2.4.6 Allografts          

5.2.2.5 Vcf Treatment Devices                   

                5.2.2.5.1 Balloon Kyphoplasty Devices   

                5.2.2.5.2 Vertebroplasty Devices              

5.2.2.6 Spinal Decompression                    

                5.2.2.6.1 Discectomy      

                5.2.2.6.2 Laminoplasty, Laminectomy, and Laminotomy

                5.2.2.6.3 Foraminotomy and Foraminectomy     

                5.2.2.6.4 Facetectomy   

                5.2.2.6.5 Corpectomy    

5.2.2.7 Non-Fusion Devices                        

                5.2.2.7.1 Dynamic Stabilization Devices  

                                5.2.2.7.1.1 Interspinous Process Spacers

                                5.2.2.7.1.2 Pedicle-Based Dynamic Rod Devices

                                5.2.2.7.1.3 Facet Replacement Products

                5.2.2.7.2 Artificial Discs  

                                5.2.2.7.2.1 Artificial Cervical Discs

                                5.2.2.7.2.2 Artificial Lumbar Discs

                5.2.2.7.3 Annulus Repair Devices              

                5.2.2.7.4 Nuclear Disc Prostheses             

5.2.2.8 Spine Bone Stimulators                  

                5.2.2.8.1 Non-Invasive Spine Bone Stimulators  

                                5.2.2.8.1.1 Pulsed Electromagnetic Field Devices

                                5.2.2.8.1.2 Cc and Cmf Devices

                5.2.2.8.2 Invasive Spine Bone Stimulators            

                                5.2.3 Y-o-Y Growth Analysis, By Product                                               

                                5.2.4 Market Attractiveness Analysis, By Product                                             

                                5.2.5 Market Share Analysis, By Product                                               

                5.3 Type of Surgery        

                                5.3.1 Introduction                                           

                                5.3.2 Open Surgeries                                     

                                5.3.3 Minimally Invasive Surgeries                                           

6. Geographical Analysis                              

                6.1 Introduction               

                                6.1.1 Regional Trends                                    

                                6.1.2 Impact Analysis                                     

                                6.1.3 Y-o-Y Growth Analysis                                        

6.1.3.1 By Geographical Area                     

6.1.3.2 By Technology                   

6.1.3.3 By Product                           

6.1.3.4 By Type of Surgery                           

                                6.1.4  Market Attractiveness Analysis                                     

6.1.4.1 By Geographical Area                     

6.1.4.2 By Technology                   

6.1.4.3 By Product                           

6.1.4.4 By Type of Surgery                           

                                6.1.5  Market Share Analysis                                      

6.1.5.1 By Geographical Area                     

6.1.5.2 By Technology                   

6.1.5.3 By Product                           

6.1.5.4 By Type of Surgery                           

                6.2 India

                6.3 China       

                6.4 Japan  

                6.5 Australia      

                6.6 South Korea        

7.Strategic Analysis                        

                7.1 PESTLE analysis         

                                7.1.1 Political                                     

                                7.1.2 Economic                                 

                                7.1.3 Social                                         

                                7.1.4 Technological                                         

                                7.1.5 Legal                                          

                                7.1.6 Environmental                                       

                7.2 Porter’s Five analysis              

                                7.2.1 Bargaining Power of Suppliers                                        

                                7.2.2 Bargaining Power of Consumers                                    

                                7.2.3 Threat of New Entrants                                     

                                7.2.4 Threat of Substitute Products and Services                                              

                                7.2.5 Competitive Rivalry within the Industry                                     

8.Market Leaders' Analysis                         

                8.1 Medtronic PLC          

                                8.1.1 Overview                                 

                                8.1.2 Product Analysis                                   

                                8.1.3 Financial analysis                                  

                                8.1.4 Recent Developments                                       

                                8.1.5 SWOT analysis  

                                8.1.6 Analyst View   

 

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia Pacific Spinal Implants Market, By Technology, From 2021 to 2026 (USD Million)
  2. Asia Pacific Spinal Fusion and Fixation Technologies Market, By Region, From 2021 to 2026 (USD Million)
  3. Asia Pacific Vertebral Compression Fracture Treatment Market, By Region, From 2021 to 2026 (USD Million)
  4. Asia Pacific Motion Preservation/Non-fusion Technologies Market, By Region, From 2021 to 2026 (USD Million)
  5. Asia Pacific Spinal Decompression Market, By Region, From 2021 to 2026 (USD Million)
  6. Asia Pacific Spinal Implants Market, By Product, From 2021 to 2026 (USD Million)
  7. Asia Pacific Thoracic Fusion and Lumbar Fusion Devices Market, By Region, From 2021 to 2026 (USD Million)
  8. Asia Pacific Cervical Fusion Devices Market, By Region, From 2021 to 2026 (USD Million)
  9. Asia Pacific Spine Biologics Market, By Region, From 2021 to 2026 (USD Million)
  10. Asia Pacific Vertebral Compression Fracture Treatment Devices Market, By Region, From 2021 to 2026 (USD Million)
  11. Asia Pacific Non-fusion Devices Market, By Region, From 2021 to 2026 (USD Million)
  12. Asia Pacific Spine Bone Stimulators Market, By Region, From 2021 to 2026 (USD Million)
  13. Asia Pacific Spinal Decompression Devices Market, By Region, From 2021 to 2026 (USD Million)
  14. Asia Pacific Spinal Implants Market, By Type of Surgery, From 2021 to 2026 (USD Million)
  15. Asia Pacific Open Surgery Market, By Region, From 2021 to 2026 (USD Million)
  16. Asia Pacific Minimally Invasive Surgery Market, By Region, From 2021 to 2026 (USD Million)
  17. Japan Spinal Implants Market, By Technology, From 2021 to 2026 (USD Million)
  18. Japan Spinal Implants Market, By Product, From 2021 to 2026 (USD Million)
  19. Japan Spinal Implants Market, By Type of Surgery, From 2021 to 2026 (USD Million)
  20. China Spinal Implants Market, By Technology, From 2021 to 2026 (USD Million)
  21. China Spinal Implants Market, By Product, From 2021 to 2026 (USD Million)
  22. China Spinal Implants Market, By Type of Surgery, From 2021 to 2026 (USD Million)
  23. India Spinal Implants Market, By Technology, From 2021 to 2026 (USD Million)
  24. India Spinal Implants Market, By Product, From 2021 to 2026 (USD Million)
  25. India Spinal Implants Market, By Type of Surgery, From 2021 to 2026 (USD Million)
  26. Australia Spinal Implants Market, By Technology, From 2021 to 2026 (USD Million)
  27. Australia Spinal Implants Market, By Product, From 2021 to 2026 (USD Million)
  28. Australia Spinal Implants Market, By Type of Surgery, From 2021 to 2026 (USD Million)
  29. South Korea Spinal Implants Market, By Technology, From 2021 to 2026 (USD Million)
  30. South Korea Spinal Implants Market, By Product, From 2021 to 2026 (USD Million)
  31. South Korea Spinal Implants Market, By Type of Surgery, From 2021 to 2026 (USD Million)

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