Spinal Osteosynthesis Units: Market Insights
There is a number of factors that can affect the spinal cord adversely which can result in severe back pain to some serious spinal dysfunction. The spinal conditions such as fractures, degenerative disk disease, scoliosis, spine infection or tumor, spondylolisthesis, etc. may not require spinal surgery however if the condition getting worse then surgery is recommended. According to the HCUP (Healthcare Cost and Utilization Project), in the period from 2001 to 2011, the spinal fusion surgeries has increased by 70%. In 2001, there were around 2 Mn procedures performed and in 2011 procedures increased to 4 Mn, almost double from 2001 in the United States alone, which indicates the increasing trend of spinal surgeries. This increasing trend increasing the need for spinal surgery devices and indirectly driving the market growth of spinal osteosynthesis units market.
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Spinal Osteosynthesis Units: Market Dynamics
Growing spinal injuries is expected to drive the growth of the spinal osteosynthesis units market. Rising prevalence of the stenosis which is a degenerative disease and cannot be effectively reversed with any medication and often requires surgery indirectly boosting the growth of the spinal osteosynthesis units market. The advanced spinal osteosynthesis units availability allow healthcare professionals to perform spinal surgery effectively and precisely which increase the positive result of the surgery and in turn driving the growth of the spinal osteosynthesis units market. Further, rising research and development activities to develop treatments to cure various spinal related disorders is expected to drive the growth of the spinal osteosynthesis units market. However, the high cost of the spinal surgeries may restrain the growth of the spinal osteosynthesis units market. Lack of expertise to perform critical spinal surgery also expected to hamper the potential growth of spinal osteosynthesis units market.
Spinal Osteosynthesis Units: Segmentation
The global Spinal Osteosynthesis Units market is segmented by product type, surgical approach, patient type, end user, and regions:
- Spinal Osteosynthesis Units Segmentation by Product Type
- Thoracolumbar Osteosynthesis Unit
- Lumbar Spinal Osteosynthesis Unit
- Lumbosacral Osteosynthesis Unit
- Thoracolumbosacral Osteosynthesis Unit
- Occipitocervicothoracic Osteosynthesis Unit
- Cervical Thoracic Lumbo Sacral Osteosynthesis Unit
- Spinal Osteosynthesis Units Segmentation by Surgical Approach
- Spinal Osteosynthesis Units Segmentation by Patient Type
- Spinal Osteosynthesis Units Segmentation by End User
- Specialty Clinic
Spinal Osteosynthesis Units: Overview
The spinal osteosynthesis units market is expected to show high growth due to the increasing number of spinal surgery. The increasing number of the spinal problem across all the region and the willingness of the patients to adopt better lifestyle fuel the spinal osteosynthesis units market. Market players are working on product innovation to come up with advance spinal surgery product to provide a better lifestyle to the patients. The innovative product is more accurate and getting no possibility for infection and show a high rate of treatment support to the patient. And growing the market demand and boosting the growth of spinal osteosynthesis units market.
Spinal Osteosynthesis Units: Region-wise Outlook
The Asia-Pacific spinal osteosynthesis units market is expected to show fast growth due to rising spinal surgeries and product availability. The spinal osteosynthesis units market is expected to be dominated by North America due to a high number of spinal surgeries performed in the region. Latin America spinal osteosynthesis units market is expected to experience steady growth due to increasing spinal surgery procedures. Europe is the second largest and most lucrative spinal osteosynthesis units market due to availability of skilled professionals coupled with higher adoption of spinal surgery in the region. The Middle East & Africa is expected to be least lucrative spinal osteosynthesis units market due to least product availability and lack of facilities in the region.
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Spinal Osteosynthesis Units: Key Players
Some of the key players present in global spinal osteosynthesis units market are Medtronic, Stryker, Johnson & Johnson, Zimmer Biomet, NuVasive, B. Braun, Globus Medical, Alphatec, Orthofix, Xtant Medical, Wego, MicroPort, RTI Surgical, Integra LifeSciences, Ulrich Medical and others.