Spinal Fusion Market in Global Industry: Demands, Insights, Research

Posted by johndbmr on April 14th, 2021

Spinal fusion market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 5.10% in the above-mentioned forecast period. Rising number of aging population drives the spinal fusion market.

Spinal fusion or spondylosyndesis or spondylodesis is a procedure which is used to solve the issues or problems related with the small bone in the spine or verterbrae.

Key Market Competitors:

Few of the major competitors currently working in the spinal fusion market are Zimmer Biomet, K2M, Inc., MicroPort Scientific Corporation, Medtronic, Johnson & Johnson Services, Inc., Stryker, Integra LifeSciences, Orthofix Holdings, Inc., Weigao group, Bo NING Hua medical devices Beijing Co., Ltd., NuVasive, Inc., B. Braun Melsungen AG, Globus Medical Inc, RTI Surgical Holdings, Inc., Vallum Corporation, Choice Spine, Life Spine, Inc.

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Usually in this process two spines are joined so that they can combine into a single solid bone. Tumor, scoliosis, fractured verterbrae, spinal stenosis, herniated disk etc. are the situation where spinal fusion is done. The main aim of the procedure is to reduce the pain during motion and restore the stability of the spine. Rising number of road accidents causes spine injuries which is the major factor fueling the growth of this market.

Segmentation: Global Spinal Fusion Market

•          By Product Type (Interbody Cages, Pedicle Screws & Rods, Spinal Fusion Plates)
•          By Procedure Type (Posterolateral Fusion, Interbody Fusion)
•          By End-User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers)
•          By Type (Traditional Spinal Fusion Procedure, Posterior Lumbar Interbody Fusion, Anterior Lumbar Interbody Fusion, Others)

Competitive Analysis:

Global spinal fusion market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of spinal fusion market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers

•          Rising number of aging population is driving the growth of this market
•          Increasing road accidents is another factor driving the growth of this market

Market Restraints

•          High setup cost is restraining the growth of this market
•          High price of the spinal fusion surgeries is another factor restraining the growth of the market