Asia Pacific Spine Surgery Devices Market by Products (Non-Fusion Implants, Spinal Fusion & Fixation Devices, Spine Biologics, Spine Bone Stimulators, Vertebral Compression Fracture Treatment Devices), by End-User, by Geography - Analysis and Forecast to 2019
Currently there are various key factors that are impacting the field of medical device. These key trends include the consolidation, focus research spending and international strategies. Though the field is becoming tougher, the spine device manufacturers are growing in larger number, going public and are launching their products on a global scale. Factors that are driving the spine surgery device industry trends are spinal fusion alternatives, new sales models, entering developing economies, minimally invasive technology and advocacy efforts for payer coverage.
The minimal invasive procedures help in cost savings by eliminating the need for blood transfusions, quick recovery time with improved outcomes of patients thus spending less time in the hospital and additional tools such as robotic guidance help in the improvement of minimally invasive spine surgeries
The Asian spine surgery devices market includes various products segments. The spinal fusion & fixation devices segment, of these, holds the highest market share followed by spine biologics devices.
The major factors driving the Asian spine surgery devices market are the increasing demand for non-fusion devices, such as nucleus and artificial spinal disc and incidents of spinal deformities, for instance disc compression in the aging population. The increasing demand from the aging population, and the medical technology advancements, is driving the growth of this market in the Asian region.
In this report, the spine surgery devices market is broadly segmented into four classes such as fusion, non-fusion, spinal decompression, and spine biologics. The fusion category can be divided into spine fusion and fixation and spinal bone stimulators. Non-fusion segment consists of motion preservation technologies, such as dynamic stabilization, artificial discs, annual repair and nucleus replacement. The vertebral compression factures treatment category includes market for vertebroplasty and kyphoplasty kits. Spinal decompression segment consists of niche markets, such as corpectomy, disectomy, foraminotomy/forminectomy, and laminotomy/laminectomy.
Allogarfts, bone morphonenetic proteins, demineralised bone matrix, bone substitutes, and machined bones together contribute to the overall category of spine biologics.
The report focuses on in-depth growth analysis in terms of market values in the respective geographies and the market shares of various companies excelling in these areas.
A competitive analysis of the key players in this market has been provided in the report. These players include Medtronic, Inc. (U.S.), Alphatec Spine, Inc. (U.S.), Stryker Corporation (U.S.), DePuy Synthes Companies of Johnson & Johnson (U.S.), Zimmer Holdings, Inc. (U.S.), Smith & Nephew Plc (U.K.), Tornier, Inc. (France), and Biomet, Inc. (U.S.).
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