Global Spinal Surgical Devices Market: Increased Medical Expenditure Set to Motivate Growth


Published on : Nov 21, 2018

Albany, New York, November 21, 2018: Owing to sedentary lifestyle, heredity, food habits or due to other reasons, millions of people have become obese. Undoubtedly, obesity and degenerative spinal conditions have propelled the spinal surgical devices market. Spinal surgical devices, namely, fusion and non-fusion look to restore spinal stability aggravated from fracture, injury, deformity by decompressing impinged nerve. These insights are according to the report titled “Spinal Surgical Devices: Technologies and Global Markets,” which has been recently added to the repository of Market Research Hub.

Fusion accounts for the majority of device revenue, medical expenditure and volume of surgical procedures utilizing implanted devices. Whereas, the non-fusion segment incorporates technologies that have stronghold in Europe and have transpired from investigational use into the commercial market, globally.

Minimal invasive surgeries received accolades for its sheer ability to enhance patient recovery and lessen cost in connection with the treatment of spinal conditions. Traditional surgical methods can be used for fusion and non-fusion procedures to reduce the invasiveness of treatment.

Enhanced clinical results and the surge in the adoption of rate of minimally invasive spinal surgeries have strengthen the market. Moreover, swelling in the product portfolios of prominent players in the market coupled with the technological advancements in spinal surgery have further fueled the spinal surgical devices market. However, the roadblocks have been matter of concern for the growing market. The expensive treatment procedure and the slash in the reimbursement have hit the market hard. Furthermore, stringent or rigid regulatory process for the new product approvals and limited utilization of spinal systems have derailed the growth of the market.

Spinal Surgical Devices: Technologies and Global Markets: Report Content

The report delves into the Spinal surgical devices markets and the technologies associated with spine surgery. Prominently, the report goes through major drivers, restraints, trends, predominant players in the market and spinal surgical devices along with market estimation.

The report is a business analysis with the principal focus on analyzing the trends and illustrating current and future potential in the market for the spinal surgical devices. The report, besides, includes current and new technologies and market shares of major players. The report is an update from the previous version of this report. Assessment of clinical trials, presence of major players in respective spinal segments and prevalent developments are a few of the additions delineated in the report.

The report also shows the market projection for the spinal surgical devices along with the risk factors associated with it. Also, international regulation of spinal devices have been discussed in the report. Besides, regional analysis has been done which includes North America, Europe, Asia Pacific and RoW.

Spinal Surgical Devices: Technologies and Global Markets: Research Methodology

An exhaustive research methodology has been embraced with regards to providing a research approach incorporating of secondary and primary research. The insights in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by panel of experts.

The secondary research incorporates company websites, SEC filings and presentations by investors, industry white paper and statistical database. Besides, the primary research embodies face to face interviews, phonic interviews and e-mail interaction. To provide the readers with authentic report, a panel of expert analyzes the data collected from various sources.

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