Dallas, TX, November 13, 2015 --(PR.com
)-- In a spine surgery, high quality instruments are used, especially implants that are fitted in spine to replace any defective vertebra or disc to support the spine. The spinal implants has an important segment in the orthopaedic market with a share of 24.3% in the year 2014. Spine surgeries are basically recommended to the patients suffering from chronic back pain due to disc herniation; isthmic spondylolisthesis; degenerative diseases, such as degenerative spondylolisthesis, and spinal stenosis; and many others. Generally, low back pain is a common symptom reported by 30.0% patients with spine instability, but the source of pain needs to be identified before undergoing any surgery.
Spinal implants are segmented by product type, into spinal fusion and spinal non-fusion, wherein spinal fusion fuses vertebrae together to treat back pain and is commonly done in the lumbar region of the lower back and is by far the most common spine procedure globally. The spinal fusion segment is divided into cervical fusion, thoraco-lumbar fusion, and others. Spinal non-fusion products, such as dynamic stabilization devices (motion preservation devices) have become the treatment of choice especially for young patients, in comparison to the other two segments of the spinal non-fusion segment, namely, interspinous process decompression (IPD) devices and total disc replacement devices.
The Europe spinal implants devices market is estimated at $1,669.2 million in 2014 and is projected to reach $2.3 billion by 2020, at a CAGR of 6.2% during the forecast period from 2015 to 2020. By type, the spinal fusion segment has a market share of 82.6%, which is followed by the non-fusion segment of 17.4% in 2014.
In the spinal fusion segment, thoraco-lumbar fusion is increasing at a high CAGR of 6.5% during the given forecast period. However, in the spinal non-fusion segment dynamic stabilization devices sub-segment has the highest CAGR of 12.9% during the given forecast period.
Geographically, this market is segmented into the major geographies North America, Europe, Asia-Pacific and Rest of the World (RoW). In the European region Germany has the largest market share due to its technological advancements, government regulations, rise in population of aged people, and improved healthcare infrastructure. The German Spinal implants Market is followed by the France, U.K, Italy and Spain. Germany is expected to witness a high growth rate in the spinal implants market in the next few years due to the rise in the patient base, increasing healthcare expenditure, and growing awareness regarding the availability of various orthopaedic devices for cervical and lumbar treatments along with non-fusion products in this region. In addition, the increasing focus on advancement in treatments is increasing with more innovative products, which is expected to drive the market for spinal implants. However, its high cost of implants is one of the major factors restraining the growth of the Europe spinal implants market.
The report also includes company share analysis for the major companies operating in this market by major regions North America, Europe and Asia Pacific. The details of mergers & acquisitions, product launches, expansions, and product life cycle matrix is also a part of this report. Some of the major companies operating in the spinal implants market are Zimmer Inc.(U.S.), Depuy Synthes Companies(U.S.), Stryker (U.S.), Medtronic (U.S.), Alphatec Spine, Inc.(U.S), NuVasive Inc.(U.S.), Integra Lifesciences Holdings Corporation(U.S.), Orthofix International N.V. (U.S), Globus Medical Inc. (U.S), LDR Holding Corporation (U.S), K2M Inc. (U.S.), and B. Braun Melsungen (Germany).
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