Spinal Fusion Market: Pedicle Screws and Rods Product Type Segment to Remain Dominant Throughout the Forecast Period: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027

Spinal Fusion Market: Pedicle Screws and Rods Product Type Segment to Remain Dominant Throughout the Forecast Period: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027

Introduction

Spinal fusion is to stimulate the treatment response in spinal injury related problems. These products are available in the market specific to treatment for trauma cases, sports injury, spine surgeries and others. These products are of various types such as interbody cages, pedicle screws and rods and spinal fusion plates which go with majority of spinal surgeries. Spinal fusion products are used in all surgeries related to spinal problems.

Market Value and Forecast

Regarding revenue, the global spinal fusion market is projected to expand at a CAGR of 5.4% during the forecast period and is expected to be valued at US$ 12,561.9 Mn by the end of 2027.

Market Dynamics

Growth of the global spinal fusion market is primarily driven by increasing awareness towards treatment in both developed and developing countries, high prevalence of spinal cord injuries, an increasing geriatric population and increased adoption of well managed health. This preference towards preventive healthcare over reactive and external partnerships in research are driving development and growth of health mangement associations.

However, shift in the channel to decline the influence of problems, gaps in epidemiological knowledge of alternative method of surgery, and high costs associated with spinal fusion surgeries, coupled with growing research on alternative treatment options are some factors expected to hamper the growth of the global spinal fusion market over the forecast period.  

Market Forecast by Product Type

Based on product type, the market is segmented into interbody cages, pedicle screws and rods and spinal fusion plates. Interbody cages product type segment is expected to witness relatively higher growth rates in terms of value in the global spinal fusion market over the forecast period.

Market Forecast by Procedure Type

Based on procedure type, the global spinal fusion market is segmented into posterolateral fusion and interbody fusion. In terms of revenue share, interbody fusion segment dominated the global spinal fusion market in 2016 and is expected to retain its dominance throughout the forecast period.

Market Forecast by End User

Based on end user, the market is segmented into hospitals, speciality clinics and ambulatory surgical centres. Currently, the hospitals segment accounts for a relatively higher revenue share.

Key Regions

The global spinal fusion market is segmented into seven major regions: North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan (APEJ), Japan and Middle East & Africa (MEA). In terms of value, North America is expected to be the dominant regional market by 2017 end and is expected to expand at a CAGR of 4.7% over the forecast period. Japan and APEJ are expected to be the fastest growing regional markets in terms of revenue growth in the global spinal fusion market, registering a value CAGR of 6.6% and 8.9% respectively over the forecast period.

Key Players

Some of the key players in the global spinal fusion market included in this report are Zimmer Biomet Holdings. Inc., K2M, Inc., MicroPort Scientific Corporation, Medtronic Plc., Johnson and Johnson (DePuy Synthes), Stryker Corporation, Integra Lifesciences Holdings Corp, Orthofix Holdings, Inc., Shandong Weigao Group Medical Polymer Company Limited, Bonovo Orthopedics, Inc., Suzhou Gemmed Medical Instrument Co. Ltd, NuVasive, Inc., B. Braun Melsungen AG, Globus Medical Inc., RTI Surgical, Inc., Expanding Orthopedics Inc., Vallum Corporation, ChoiceSpine, LP, Life Spine, Inc, and Precision Spine, Inc.

Market segmentation

The global spinal fusion market is segmented on the basis of product type into:

  • Interbody Cages
  • Pedicle Screws and Rods
  • Spinal Fusion Plates

On the basis of procedure type, the global spinal fusion market is categorised into:

  • Posterolateral Fusion
  • Interbody Fusion
    • Anterior Lumbar Interbody Fusion (ALIF)
    • Extreme Lateral Interbody Fusion (XLIF)
    • Posterior Lumbar Interbody Fusion (PLIF)
    • Transforaminal Lumbar Interbody Fusion (TLIF)
    • Others

On the basis of end user, the global spinal fusion market is categorised into:

  • Hospitals
  • Speciality Clinics
  • Ambulatory Surgical Centres

On the basis of region, the global spinal fusion market is segmented into:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe
    • Russia
    • Poland
    • Rest of Eastern Europe
  • APEJ
    • China
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of APAC
  • Japan
  • MEA
    • GCC Countries
    • Turkey
    • South Africa
    • North Africa
    • Rest of MEA

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