Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The
global spinal surgery market is projected to grow with a CAGR of 5.1% during
the forecast period, i.e., 2022-2030 on account of the growing investments by
the major market players for the innovation of advanced surgical devices to treat
the increasing number of spinal surgeries in the world. In addition, the
increasing prevalence of obesity owing to unhealthy and stressed lifestyles is
also estimated to drive market growth in the upcoming years.
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The
market is segmented by products into thoracic fusion & lumbar fusion
devices, cervical fusion devices, spine biologics, vertebral compression
fracture treatment devices, non-fusion devices, spinal decompression devices,
and spine bone stimulators. Among these segments, the thoracic fusion &
lumbar fusion devices segment is expected to hold the major share in the global
spinal surgery market as a result of the increasing number of cases registered
for lumbar degenerative disc disease across the world.
On the
basis of region, the market is segmented into North America, Europe, Asia
Pacific, Latin America, and the Middle East & Africa, out of which, the
market in North America is predicted to hold the largest share in terms of
revenue over the forecast period. This can be attributed to the strong presence
of leading manufacturers of spinal surgical devices in the region, who are
extensively involved in funding the research and development for the launch of
innovative products for spinal surgery in the region.
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about this report visit: https://www.researchnester.com/reports/spinal-surgery-market/3280
Growing Investments in R&D for Technological
Advancements for Spinal Injuries to Drive Market Growth
The increasing number of road accidents has led to a
major share of spinal injury cases globally. As a result, there is a growing
demand for spinal surgical instruments and devices. Presently, minimally
invasive surgeries are the most used procedure for spinal surgery among
individuals. The prominent manufacturers of spinal surgery devices are
continuously investing in their businesses to develop better and technically
advanced products, which is expected to drive the global spinal surgery
market’s growth over the upcoming years.
However, the high cost of spinal surgeries, and
lack of expertise in underdeveloped countries are estimated to restrain market
growth in the near future.
This
report also provides the existing competitive scenario of some of the key
players of the global spinal
surgery market which includes
company profiling of Stryker
Corporation, Abbott Laboratories, Medtronic Plc, Orthofix International N.V.,
Nuvasive, Inc., Boston Scientific Corporation, B. Braun Melsungen, Aurora Spine
Corporation, Zimmer Biomet Holdings Inc., Globus Medical and
others. The profiling enfolds
key information of the companies which encompasses business overview, products
and services, key financials and recent news and developments. On the whole,
the report depicts detailed overview of the global spinal surgery market
that will help industry consultants, equipment manufacturers, existing
players searching for expansion opportunities, new players searching
possibilities and other stakeholders to align their market centric strategies
according to the ongoing and expected trends in the future.
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Report Sample@ https://www.researchnester.com/sample-request-3280
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out-of-the-box mindset to produce statistical and analytical market research
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