Spinal Non-Fusion Technologies Market -
Inception of non-fusion
technologies into spinal surgery has improved outcomes by providing patients
to retain at least some movement and flexibility in the spine. The global
market for spinal nonfusion technologies comprises of disc arthroplasty,
nuclear arthroplasty and nuclear disc prostheses. These artificial discs are
composed of metal, soft plastic like materials or a combination of both such
as medical grade plastic and medical grade cobalt chromium or titanium alloy
enabling flexibility to spine. Disc arthroplasty is a surgical procedure in
which degenerated spinal discs are replaced by artificial discs in order to
treat severe back pain resulting from degenerative invertebral discs.
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The market is segmented into
dynamic stabilization devices, artificial discs, annulus repair devices and
nuclear disc prostheses. The stabilization devices segment comprises of
interspinous process decompression devices and facet arthoplasty devices while
artificial discs segment includes artificial discs for cervical and lumbar
vertebrae. The key players operating in this market include Medtronic, DePuy
Spine, Synthes Spine, Zimmer Spine, Raymedica, NP Solutions, Vertebral
Technologies, Cryo Life, Pioneer Surgical technologies, Replication Medical
and Arthro Kinetics.
The market for spinal nonfusion
technologies is expected to continue growing worldwide under the influence of
increasing age related degenerative changes to the spine resulting into severe
back pain and disability, entry of new products that provide minimally
invasive procedure. On the other hand lack of reimbursement policy for
nonfusion spinal technologies and high cost associated with these procedures
may hamper the growth of this market up to some extent. Geographically North
America is expected to be a fastest growing region by growing at an impressive
compounded annual growth rate in double digits in the context of adoption of
new technologies such as dynamic stabilization devices and total disc
replacement. North America will be followed by Europe and Asia-Pacific. The
strict governmental regulation in Japan may restrict the growth of spinal
nonfusion technologies market. Asian majors including India, China, and South
Korea are predicted to show a slow growth due strict regulatory approvals and
conservative approach of surgeons.
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This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for
upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review
of micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point
analysis for changing competitive dynamics
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perspective on different factors driving or restraining market
growth
- It provides a technological
growth map over time to understand the industry growth rate
- It provides a seven-year
forecast assessed on the basis of how the market is predicted to
grow
- It helps in understanding the
key product segments and their future
- It provides pin point analysis
of changing competition dynamics and keeps you ahead of competitors
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in-depth analysis of market segments
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graphics and exemplified SWOT analysis of major market segments
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