Global Spinal Fusion Devices Market to Reach USD 8.45 Billion by 2026; Focused Research on Biologics for Spinal Treatments to Favor Growth: Fortune Business Insights


The global spinal fusion devices market is projected to reach USD 8.45 billion by 2026, exhibiting a CAGR of 3.6% during the forecast period. A rapidly rising global geriatric population will be a critical factor driving the growth of this market. According to the United Nations, around 16% of the world’s population will be over the age of 65 by 2050. In North America and Europe, close to 25% of the population will be aged. Aged people are highly vulnerable to various kinds of injuries and spinal cord injuries are one of the most common afflictions of old age. For instance, a study published in the Lancet journal showed that in the US, the average age of patients who suffered from spinal cord damage rose from 40 years to 50 years in just two decades. This shows that as geriatric population increases, the risk of spinal cord injuries also rises in tandem, thereby spiking the demand for spinal arthrodesis devices in the long-run.

With a revenue generation of USD 3.02 billion in 2018, North America is poised to dominate the spinal fusion devices market share. This will be a result of increasing incidence of chronic pain in the U.S. and a ready adoption of advanced spinal fusion implant devices. In Europe, a rising demand for 3D printed medical devices and a growing proclivity towards minimally invasive procedures will drive the market for spine fusion implants in the continent. Asia-Pacific is anticipated to experience soaring demand for spinal fusion devices owing to the rising prevalence of degenerative spinal disorders and steadily evolving reimbursement policies. In Latin America and the Middle East and Africa, improving healthcare infrastructure will mainly fuel the market for spinal fusion implants in these regions.

For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/spinal-fusion-devices-market-101689

List of Key Companies Covered:

Medtronic

Stryker

Zimmer Biomet

DePuy Synthes (Johnson & Johnson Services, Inc.)

NuVasive, Inc

RTI Surgical Holdings, Inc.

Aesculap, Inc. (B. Braun Melsungen AG)

Alphatec Spine, Inc.

Growing Adoption of Surgical Robots for Spinal Injuries to Prove Favorable for the Market

There is an increasing demand for minimally invasive surgical procedures, prompting many hospitals to adopt robots for performing surgical procedures for the spinal treatments. As a result, manufacturers are now increasingly engaging in developing novel robotic technologies to aid surgeons perform tricky spinal cord surgeries with greater ease and accuracy. Thus, emergence of robotics in healthcare is, therefore, expected to shape the spinal fusion devices market trends during the forecast period.

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

Contact Us:

Fortune Business Insights Pvt. Ltd.

9th Floor, Icon Tower, Baner - Mahalunge Road,

Baner, Pune-411045,

Maharashtra, India.

Phone:

US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: mailto:sales@fortunebusinessinsights.com

Comments

Post a Comment

Popular posts from this blog

Veterinary Anesthesia Equipment Market Size, Share Industry Analysis, Growth, Merger And Global Forecast To 2022-2029

Image
  As a veterinarian, providing safe and effective anesthesia for animals is a crucial part of your job. To achieve this, you need to have the right equipment in your clinic or practice. In this article, we'll explore the different types of veterinary anesthesia equipment , their uses, and what to consider when selecting the right tools for your clinic. Understanding the Basics of Veterinary Anesthesia Before we dive into the different types of veterinary anesthesia equipment, it's important to have a basic understanding of veterinary anesthesia. Anesthesia is a state of unconsciousness induced in animals for surgical and diagnostic procedures, as well as for therapeutic interventions. There are three main stages of anesthesia: induction, maintenance, and recovery. During the induction stage, the animal is sedated and brought into a state of unconsciousness. In the maintenance stage, the anesthesia is maintained at a stable level, and during the recovery stage, the animal is bro...
Read more

Medical Tourism Market Industry Share, Statistics, Opportunity by 2030

Image
The report provides a detailed examination of statistics related to current and arising trends to slip light on Medical Tourism Market . It utilizes Porter's Five Forces frame to assess the significance of different factors, including supplier and customer understanding, trouble assessment, competition intensity, and implicit openings for arising businesspersons to gain precious perceptivity. The report also presents disquisition data from various companies, benefits, gross fringe, strategic opinions of the worldwide request, and other applicable information through tables, charts, and infographics. The Medical Tourism Market report provides a comprehensive evaluation of...
Read more

Orthodontics Market Global Share, Trend, Size, Industry Growth and Forecast to 2022-2029

Image
  As dental technology continues to evolve, more and more people are discovering the benefits of orthodontics treatment. Orthodontics is a branch of dentistry that focuses on correcting misaligned teeth and jaws, helping people achieve straighter, healthier, and more attractive smiles. In this article, we'll explore the basics of orthodontics, the different types of treatment options available, and the benefits of straightening your teeth. What is Orthodontics? Orthodontics is a branch of dentistry that focuses on the diagnosis, prevention, and treatment of dental and facial irregularities. The goal of orthodontic treatment is to straighten misaligned teeth and improve the way your teeth fit together. Orthodontic treatment can also help improve your bite, reduce the risk of dental decay and gum disease, and enhance your overall oral health. Request PDF Sample Copy: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/orthodontics-market-101587 Types of Orthodontic T...
Read more