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Pulished Date August, 2019
ID: 4995
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Global Spinal Trauma Devices Market Analysis - By Device Type (Internal Fixation Devices, External Fixation Devices) and By Region - Industry Size, Share, Growth, Trends and Forecast | 2019 - 2024

Pulished: August, 2019
ID: 4995
Pages: 175

Spinal Trauma Devices Market Size & Growth (2019 - 2024)

The size of the Global Spinal Trauma Devices Market was worth USD 3.57 billion in 2019. It is expected to grow at a CAGR of 5.6% to reach USD 4.69 billion by 2024.

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 the body the time it needs to fix itself.

The factors that are contributing to the growth of spinal trauma devices market are adoption of innovative techniques by the key stakeholders in terms of research and development of innovative devices and novel drugs, rise in incidence of spinal health issues owing to constantly increasing geriatric population, boost in healthcare expenditure across the globe, particularly in developing countries like China, India, and Others. 

The factors that are restraining the growth of the spinal trauma devices market are the expensive nature of hospitalization which is restricting the elder patients to take advanced treatments, constantly altering insurance policies, lack of awareness among the people regarding the advanced techniques available for the treatment. The unavailability of advanced healthcare infrastructure in developing countries is challenging the growth of the spinal trauma market in those regions.

The spinal trauma devices market is expanding at a high pace and is expected to boost opportunities to the key players in the market across the world. The escalation of initiatives and influx of heavy investments by the government and private organizations in order to develop advanced and innovative devices for treating spinal trauma and enhanced surgical procedures are expected to provide lucrative opportunities for the growth of the spinal trauma devices market during the forecast period. Increasing disposable income of people across the world is another major factor which is likely to create lucrative growth opportunities for spinal trauma devices market during the forecast period. Escalation of approval procedures by FDA has led to swift research activities to develop innovative products by different key players in the market which is likely to provide lucrative opportunities for stakeholders in the spinal trauma devices market.

Recent developments in this industry:

  • Depuy Synthes Company has expanded its product portfolio by developing a device called CONDUIT interbody platform with the integration of EIT Cellular titanium technology and is applied for treating degenerative spine disease. The portfolio also includes a 3D printed titanium interbody implant for spinal fusion surgery has been designed innovatively to facilitate spinal fusion and for mimicking natural bone. The Depuy has launched these devices in September of 2019.
  • In September 2019, stryker released a spine journal in which the company has published details about the results of sakos pivotal trails or spinejack system. The outcomes of the trial proved to evident that the spinejack system is superior and a better option over the bkm with respect to the reduction of ALF (adjacent level fracture) and restoration of the vertebral body.
  • Medtronic has launched Infinity OCT spinal system in September 2018. The device is integrated with biologics and navigation and is specifically designed to simplify the process of cervical spinal surgery. The fusion workflows for the neck and upper back are enhanced with high efficiency with the help of the infinity OCT spinal system. 
  • Medtronic has developed a resolute drug-eluting stent platform which has been approved by the FDA. The device can be employed for treating coronary artery disease.
  • FDA has cleared the approval of the Precice bone transport system most recently. The device has been developed by NuVasive Company.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2018 – 2024

Base Year

2018

Forecast Period

2019 - 2024

Segments Covered

By Device Type and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

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.

 

This research report on the Global Spinal Trauma Devices Market segmented and sub-segmented into the following categories and analyzed market size and forecast for each segment until 2024.

Spinal Trauma Devices Market Analysis - By Device Type

  • Internal Fixation Devices   
    • Plate and Screw
    • Rods and Pins
    • Bone Grafts
  • External Fixation Device    

Based on device type, the internal fixation devices segment is accounted for the larger market share in 2016 and is expected to stay in the lead till the end of 2024. 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 the above-mentioned trend. Along with that they are also highly flexible and more durable and require fewer post-operative follow-ups. The usage of external fixation devices can cause swelling. Braces, exoskeletons, etc. fall in this category.

Regional Analysis

North America accounts for the largest market share in the Global Spinal Trauma Devices Market. It is because the U.S. and Canada are the two leading countries in this market. The augmenting geriatric population is the reason why the Asia Pacific is predicted to be the fastest-growing regional market in the forecast period.

List of most promising companies leading the Global Spinal Trauma Devices Market profiled in this report are:

  1. Stryker Corp.
  2. CONMED Corp.
  3. Medtronic
  4. Smith & Nephew plc
  5. NuVasive Inc.
  6. DePuy Synthes
  7. Spinal Technology Inc.
  8. Arthrex Inc.
  9. ReWalk Robotics
  10. Orthofix International NV
  11. 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 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

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                             

  • Global, 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 product 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 analyzing 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. Global Spinal Trauma Devices Market By Region, From 2019-2024 ( USD Billion )
  2. Global Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  3. Global Internal Fixation Devices Market By Region, From 2019-2024 ( USD Billion )
  4. Global External Fixation Devices Market By Region, From 2019-2024 ( USD Billion )
  5. North America Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  6. North America Internal Fixation Devices Market By Region, From 2019-2024 ( USD Billion )
  7. North America External Fixation Devices Market By Region, From 2019-2024 ( USD Billion )
  8. United States Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  9. Canada Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  10. Europe Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  11. Europe Internal Fixation Devices Market By Region, From 2019-2024 ( USD Billion )
  12. Europe External Fixation Devices Market By Region, From 2019-2024 ( USD Billion )
  13. U.K. Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  14. Germany Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  15. France Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  16. Italy Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  17. Spain Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  18. Asia Pacific Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  19. Asia Pacific Internal Fixation Devices Market By Region, From 2019-2024 ( USD Billion )
  20. Asia Pacific External Fixation Devices Market By Region, From 2019-2024 ( USD Billion )
  21. Japan Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  22. China Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  23. India Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  24. Australia Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  25. South Korea Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  26. Latin America Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  27. Latin America Internal Fixation Devices Market By Region, From 2019-2024 ( USD Billion )
  28. Latin America External Fixation Devices Market By Region, From 2019-2024 ( USD Billion )
  29. Brazil Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  30. Argentina Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  31. Mexico Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  32. Rest of Latin America Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  33. Middle East and Africa Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  34. Middle East and Africa Internal Fixation Devices Market By Region, From 2019-2024 ( USD Billion )
  35. Middle East and Africa External Fixation Devices Market By Region, From 2019-2024 ( USD Billion )
  36. Middle East Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )
  37. Africa Spinal Trauma Devices Market By Device Type, From 2019-2024 ( USD Billion )

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