Los Angeles, CA -- (SBWIRE) -- 02/05/2019 -- QY Research has come up with a newly published report on global Spinal Fusion market in its database that provides an in-depth analysis of the key market insights, its future trends, and developments, profiles of leading players, key restraints and drivers, segmentation and forecasting. The report highlights the Spinal Fusion market size and CAGR of the important segments, thus providing quick relevant information about the global Spinal Fusion market.
Spinal fusion is surgery to permanently join together two or more bones in the spine so there is no movement between them. For patients who require spinal fusion surgery to treat lumbar degenerative disc disease (DDD), a spinal fusion device is a treatment option.
Spinal fusion contains transforaminal lumbar interbody fusion (TLIF), anterior lumbar interbody fusion (ALIF), posterior lumbar interbody fusion (PLIF), posterior lumbar fusion (PLF), extreme lateral interbody fusion (XLIF). The spinal fusion industry is relatively concentrated. The requirement of device precision and quality are high, and the device needs accord with biomechanical characteristics of the human body and have good biocompatibility with human tissue.
With the rapid development of industry, global demand for spinal fusion is increasing. In 2015, treatment of spinal diseases application accounts for 45.65% of global consumption, while control spinal deformity development and protection of spinal nerves take about 36.56% and 12.75%, respectively.
The global average price of spinal fusion is in the decreasing trend, from 1761 USD/Unit in 2011 to 1549 USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years. In line with global trends, the China average price of Spinal Fusion decreased from 1698 USD/Unit in 2011 to 1484 USD/Unit in 2016.
The spinal fusion production in 2016 will reach about 2412.1 K Units from about 1633.1 K Units in 2011 with an average growth rate of 8.12%. The USA is the biggest production base, which holds a 57.14% production share in 2015.
USA and EU are the main consumption bases, and USA holds 43.24% consumption share and EU holds 25.59% consumption share in 2015. They occupy 68.82% of the global consumption in total.
The global Spinal Fusion market is valued at 3970 million US$ in 2018 is expected to reach 5820 million US$ by the end of 2025, growing at a CAGR of 4.9% during 2019-2025.
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Major Key Manufacturers of Spinal Fusion Market are:
Depuy Synthes Companies
B. Braun Aesculap
Orthofix International N.V
Spinal Fusion market includes market size, segmentation data and geographical analysis of market growth trends, leading companies, and microeconomic information.
Major Classification as follows:
Transforaminal Lumbar Interbody Fusion (TLIF)
Anterior Lumbar Interbody Fusion (ALIF)
Posterior Lumbar Interbody Fusion (PLIF)
Posterior Lumbar Fusion (PLF)
Extreme Lateral Interbody Fusion (XLIF)
Major Application as follows:
Treatment of Spinal Diseases
Control Spinal Deformity Development
Protection of Spinal Nerves
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