The global minimally invasive spinal implant market is expected to reach USD 6.49 Billion by 2027, according to a new report by Reports and Data. The growth of the market may be attributed to the increasing prevalence of target conditions, among other factors.
According to the World Health Organization (WHO), each year, globally, around 250,000 and 500,000 individuals suffer a spinal cord injury. Preventable causes, including road traffic accidents, falls, or violence, are the major contributors to the spinal cord injury, and individuals suffering from the condition are more likely to die prematurely as compared to healthy individuals with low and middle-income economies having the worst survival rates. Spinal cord injury is linked with a peril of occurrence of secondary conditions, which can be incapacitating and sometimes cost a person’s life, such as urinary tract infections, deep vein thrombosis, muscle spasms, pressure ulcers, osteoporosis, chronic pain, and respiratory complications.
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Growing prevalence of spine disorders in one of the significant factors influencing the market growth.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
Market Dynamics:
The pharma and healthcare sector has significantly advanced in recent years and is expected to register steady revenue growth over the forecast period owing to rapid innovations in medical technology, increasing investments, rising healthcare expenditure, and high adoption of advanced products and systems. Factors such as rising prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, and neurological disorders across the globe, rising cases of coronavirus, improving healthcare infrastructure and research facilities, and increasing adoption of remote patient monitoring services and home care settings are expected to fuel global market revenue growth over the forecast period. In addition, the increasing number of hospitals and ambulatory care centers worldwide, high demand for personalized medicine, increasing investments in drug discovery, and growing investments by public and private sectors are expected to drive global market growth in the coming years.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, and product & service portfolio. The Minimally Invasive Spinal Implant market is extremely competitive and consists of several key players at the regional and global levels. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures, and collaborations to strengthen their market position and enhance their product portfolio.
Leading companies operating in the market are:
- Medtronic
- DePuy Synthes
- Zimmer Biomet
- Stryker
- NuVasive
- Paradigm Spine
- Cook Medical
- Captiva Spine
- Alphatec Spine Inc.
- RTI Surgical Holdings Inc.
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Minimally Invasive Spinal Implant Market Segmentation:
Device Type Outlook (Revenue, USD Million; 2016-2027)
- Fusion Devices
- Non-Fusion Devices
- Spine Stimulation Devices
Disease Type Outlook (Revenue, USD Million; 2016-2027)
- Degenerative Disc Disease
- Traumas & Fractures
- Complex Deformity
- Others
End-Users Outlook (Revenue, USD Million; 2016-2027)
- Hospitals
- Clinics
- Ambulatory Surgical Centers
Regional Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)
Some essential purposes of the Minimally Invasive Spinal Implant market research report:
- Vital Developments: Custom investigation provides critical improvements to the Minimally Invasive Spinal Implant market, including R&D, new item shipment, coordinated efforts, development rate, partnerships, joint efforts, and local development of rivals working in the market on a global scale and regional.
- Market Characteristics: The report contains Minimally Invasive Spinal Implant market highlights, income, limit, limit utilization rate, value, net, creation rate, generation, utilization, import, trade, supply, demand, cost, part of the industry in general, CAGR, and gross margin. Likewise, the market report offers an exhaustive investigation of the elements and their most recent patterns, along with Service market fragments and subsections.
- Investigative Tools: This market report incorporates the accurately considered and evaluated information of the major established players and their extension into the Minimally Invasive Spinal Implant market by methods. Systematic tools and methodologies, for example, Porter’s Five Powers Investigation, Possibilities Study, and numerous other statistical investigation methods have been used to analyze the development of the key players working in the Minimally Invasive Spinal Implant market.
- Convincingly, the Minimally Invasive Spinal Implant report will give you an unmistakable perspective on every single market reality without the need to allude to some other research report or source of information. This report will provide all of you with the realities about the past, present, and eventual fate of the Minimally Invasive Spinal Implant market.
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