Transparency Market Research

Global Spine Surgery Devices Market Propelled by Competitive Pricing and Growing Geriatric Population

Transparency Market Research Report Added "Spine Surgery Devices Market" to its database.

 

Albany, NY -- (SBWIRE) -- 04/05/2016 -- Transparency Market Research has gathered a diverse range of valuable and time-sensitive data on the global and regional markets in the medical devices industry. One of the major new reports compiled by the market intelligence company is titled "Spine Surgery Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2012 – 2018."

The orthopedic industry is one of the most active industries in healthcare, and spinal surgeries comprise the most commonly occurring type of surgeries in it. It is a highly valuable segment of the orthopedics industry and is therefore one of the most readily available fields that is heavily researched on. Spinal surgeries are aimed at the curing and joining of multiple spinal vertebrae. Supplementary bone tissue is usually taken from the patient themselves, or in a few cases, a donor is requested. Most common types of spinal surgeries allow two vertebrae to connect and enable a fixed spine. Most common types of spinal surgeries are performed on thoracic vertebrae, cervical vertebrae, and the lumbar.

The global spine surgery devices market is primarily driven by the growing population share of the elderly. Geriatric citizens are the most common candidates for spinal injury or spinal stress and are therefore the most common patients in need of spinal surgery. Another factor driving the global spine surgery devices market is the growing competitive nature of the players in it. Post the economic recession, economies are steadily recovering. In the middle of this economic recovery period, due to spinal surgery still being one of the most common orthopedic branches of medicine, this market can expect to see a rise in incoming patients. Competitive pricing standards are making it relatively easier for patients to avail spinal surgeries as well.

Key segments of the global spine surgery devices market are fusion, non-fusion, treatment products for vertebral compression failure, spinal decompression, and spine biologics. Sub-segments of fusion devices include fixation, spine fusion, and spinal bone stimulators.

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North America is the largest region in the global spine surgery devices market, from a geographical perspective. This region's growth is attributed to recent developments in this market, as well as the high population of senior citizens. This region is followed by Europe in terms of revenues. Meanwhile, Asia Pacific is showing the fastest growth rate in the global spine surgery devices market, owing to a high population density along with higher disposable incomes of patients.

The key players in the global spine surgery devices market are Zimmer Spine Inc., Orthovita Inc., Smith & Nephew Plc, Stryker Corporation, Medtronic Inc., DePuy Spine, and Alphatec Spine Inc.

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