SpineSurgery Devices Market, by Product Type (Spinal Fusion (Instrumented andNon-Instrumented Spinal Fusion, Cervical Fusion, Interbody Fusion, and LumbarFusion), Fracture Repair Devices, Arthroplasty Devices, and Non–fusionDevices), by Procedure Type (Corpectomy, Discectomy, Facetectomy, Foraminotomy,and Laminectomy), by End User (Hospitals, Surgical Centers and Others), and byRegion (North America, Latin America, Europe, Asia Pacific, Middle East, andAfrica) – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2026
Spinal injuries can occur due todamage of vertebrae, ligaments, or discs of the vertebral column. The higher isthe injury on the vertebral column, more effect of the injury is likely tooccur as it is nearer to the brain. Such injuries can be treated by surgicalprocedures. However surgeries do not treat damages, but can reduce thedeformity, relieve the pain and help in alignment of the spine (if fractured).The devices of the surgery that are required depend on the approach of the treatmentchosen by the surgeon.
Global Spine Surgery Devices MarketDrivers
Frequent approvals by regulatorybodies of novel surgical devices used in spinal injury is expected to drive theglobal spine surgery devices market growth. For instance, in September 2018,Meditech Spine LLC received approval by the U.S. Food and Drug Administration(FDA) to market its product Cure Opel – C system. Cure Opel – C system is anadditional technology to its already existing product Cure ACP system and Talos– C (HA) Interbody System. It provides a unique lock mechanism, which preventsbacking out of screws once fixed in the vertebral column.
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Furthermore, in January 2017,Camber Spine Technologies, LLP received an approval by the U.S. FDA for itsproduct Siconus SI Fusion Screw System. It provides support and fixation tolarger bones like sacrum. Camber Spine Technologies developed this system withthe partnership of Institute for Musculoskeletal Science & Education. Suchapprovals of novel devices by regulatory bodies is expected to propel theglobal spine surgery devices market growth.
Furthermore, activities such ascollaborations, partnerships, mergers, and acquisitions by manufacturers areexpected to elevate the global spine surgery devices market growth. Forinstance, in May 2019, Medtronic plc, a medical device company acquired TitanSpine LLC, a manufacturer of interbody fusion devices, so as to expand itsproduct portfolio related to spinal surgery devices. Medtronic plc is expectedto buy Titan Spine LLC’s full Spine portfolio, which includes titanium–basedinterbody fusion devices. Hence, such acquisitions are expected to acceleratethe global spine surgery market growth.
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Global Spine Surgery DevicesMarket Regional Analysis
North America is expected to holda dominant position in global spine surgery devices market over the forecastperiod. Factors such as high prevalence of spinal cord injuries is expected todrive the North America’s spine surgery market growth. For instance, accordingto National Spinal Cord Injury Statistical Center, the U.S. had around 17,700new cases of spinal cord injury and the number of people living with the spinalcord injury were found out to be around 288,000, in 2018. Hence, increase inrate of spinal cord injuries would increase the demand for more surgeries, inturn supporting the global spine surgery devices market growth over theforecast period.
Global Spine Surgery DevicesMarket Restraints
Complications in surgicalprocedures related to spinal injuries may influence the adoption of thesesurgeries and thus, hampering the global spine surgery devices market growth.According to National Health Services (NHS), U.K., all surgeries are associatedwith some kind of risks. For instance, in lumbar decompression surgery(Laminectomy) there is a risk of infection at the location of invasion. It alsoincludes risk of blood clots, accidental damage to the nerves, loss of vision,and facial sores. Hence, this factor is expected to hinder the global spinesurgery devices market growth.
Global Spine Surgery DevicesMarket Key Players
Some of the major playersoperating in the global spine surgery devices market include Zimmer BiometHoldings Inc., Stryker Corporation, DePuy Spine Inc., Medtronic plc, GlobusMedical Inc., Smith and Nephew plc, Arthrex , Inc., Paradigm Spine LLC,Meditech Spine LLC, and Alphatech Spine Inc.
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