The size of the Asia Pacific Spinal Trauma Devices market was around USD 710 million in 2020. It is expected to grow at a CAGR of 6.5% to reach USD 980 million by 2025. It captures 20% of the global market.
Spinal trauma devices are used for stabilizing spine injuries. It allows people to walk easily as it reduces the compression in the affected area of the spine thereby reducing pain and stress on the injured part giving body the time it needs to fix itself.
Rapid advancements in technology coupled with their growing awareness in the less developed areas of the world, market demand shift from metallic fixators to bioresorbable implants and finally the ever-increasing demand for minimally invasive treatments are expected to fuel the growth of this market in the forecast period.
Inadequate insurance schemes and their proper regulation especially in the developing countries is a major restraint of market growth.
This market is broadly classified by device type into External Fixation Devices and Internal Fixation Devices. Internal fixation devices accounted for the larger market share in 2016 and is expected to stay in the lead till the end of 2022. It is also predicted to grow at a CAGR of nearly 7% in the forecast period. It is further categorized into rods and pins, bone grafts and plate and screws. On the other hand, the external fixation devices market category is anticipated to be growing at a CAGR of nearly 5%. Internal fixation devices are economical and highly efficient which explains the occurrence of above-mentioned trend. Along with that they are also highly flexible and more durable and require a smaller number of post-operative follow ups. Usage of external fixation devices can cause swelling. Braces, exoskeletons etc. fall in this category.
Classification by geography entails India, China, Korea, Japan and others. Augmenting geriatric population is the reason why Asia Pacific is predicted to be the fastest growing regional market in the forecast period. China and India are expected to spearhead this growth spurt.
Key players in the market include Stryker Corp., CONMED Corp., Medtronic, Smith & Nephew plc. Other players in the market include NuVasive Inc., DePuy Synthes, Spinal Technology Inc., Arthrex Inc., ReWalk Robotics, Orthofix International NV, and others.
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 Device Type
5.1.1 Introduction
5.1.2 Internal Fixation Devices
5.1.2.1 Plate and Screw
5.1.2.2 Rods and Pins
5.1.2.3 Bone Grafts
5.1.3 External Fixation Device
5.1.4 Y-o-Y Growth Analysis, By Device Type
5.1.5 Market Attractiveness Analysis, By Device Type
5.1.6 Market Share Analysis, By Device Type
5.2 Product
5.2.1 Internal fixation devices
5.2.2 External fixation devices
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 End User
5.3.1 ASCs
5.3.2 Hospitals
5.3.3 Physician's Offices
5.3.4 Y-o-Y Growth Analysis, By End User
5.3.5 Market Attractiveness Analysis, By End User
5.3.6 Market Share Analysis, By End User
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 Device Type
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Device Type
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Device Type
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
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
8.2 DePuy Synthes
8.3 Stryker Corporation
8.4 NuVasive, Inc.
8.5 Globus Medical, Inc.
8.6 Arthrex, Inc.
8.7 B. Braun Melsungen AG
8.8 CONMED Corporation
8.9 Smith & Nephew plc
8.10 Zimmer Biomet
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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