The global Spine Fixation market is expected to grow at a moderate rate during the forecast period. The surge in incidences of spinal disorders is boosting the growth of the global spine fixation market. Increasing adoption of minimally invasive spine surgeries leads to expand the growth of the market.
Moreover, governments in many countries are supporting and taking initiatives for the adoption of advanced spine fixation products in the healthcare sector is the important factor expected to boost the growth of the Spine Fixation market in near future. In addition to this, growing health care expenditure is further driving the expansion of this market globally.
On the other hand, a lack of awareness among patients and the high cost of spine fixation devices along with the challenges associated with the handling and use of spine fixation devices is likely to hamper the global Spine Fixation market during the forecast period.
Covid-19 Impact on Spine Fixation Market:
In addition, the current Spine Fixation Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Spine Fixation Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Spine Fixation Market Segment Overview
According to Product, the market is segmented into Cervical Fixation Devices, Thoracolumbar Devices, Interbody Fusion Devices, and Biologics. Among these Cervical Fixation Devices holds the largest share of the market mainly because of the growing incidences of accidents and rise in the number of sports injuries contri.
Based on surgery, the market is divided into Minimally Invasive Spine Surgery, and Open Spine Surgery. In addition, the Minimally Invasive Spine Surgery segment is expected to grow at the highest rate in the coming years. This owes to the quicker recoveries and lesser incisions to the body as possible is boosting the demand for Spine Fixation globally. Furthermore, the surge in demand for procedures which has lesser hospital stays is expected to help the industry gain traction for the segment during the forecast period.
Market Analysis, Insights and Forecast – By Product
· Cervical Fixation Devices
· Thoracolumbar Devices
· Interbody Fusion Devices
· Biologics
Market Analysis, Insights and Forecast – By Surgery
· Minimally Invasive Spine Surgery
· Open Spine Surgery
Market Analysis, Insights, and Forecast – By End-user
· Specialty Clinics
· Hospitals & Ambulatory Surgery Centers
· Others
Spine Fixation Market Regional Overview
Region-wise, North America dominated the global Spine Fixation market and is expected to continue its dominance during the forecast period. Factors such as the rising number of sports injuries causing severe disabilities in spinal chord and higher health care expenditure propels the growth of the market in North America. Similarly, Asia Pacific is also expected to account for the fastest growth in the global market owing to well-established health care infrastructure. Factors such as development in the health care infrastructure, surge in awareness about health, surge in investment in medical supplies and growing adoption of biologics and other fixation devices are expected to escalate the growth of the Spine Fixation market in the Asia Pacific region.
Spine Fixation Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Spine Fixation Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Spine Fixation are highlighted below.
· In June 2021, SeaSpine Holdings Corporation, a global medical technology company focused on surgical solutions for the treatment of spinal disorders, announced the limited commercial launch of its 3D-printed WaveForm L (Lateral) Interbody System.
Spine Fixation Market, Key Players
· Medtronic
· Stryker
· Zimmer Biomet
· DepuySynthes (Johnson & Johnson Services, Inc.)
· NuVasive, Inc.
· RTI Surgical Holdings, Inc.
· Aesculap, Inc. (B. Braun Melsugen AG)
· Alphatec Spine, Inc.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Spine Fixation Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Cervical Fixation Devices
- 5.2.2. Thoracolumbar Devices
- 5.2.3. Interbody Fusion Devices
- 5.2.4. Biologics
- 5.3. Market Analysis, Insights and Forecast – By Surgery
- 5.3.1. Minimally Invasive Spine Surgery
- 5.3.2. Open Spine Surgery
- 5.4. Market Analysis, Insights and Forecast – By End-user
- 5.4.1. Specialty Clinics
- 5.4.2. Hospitals & Ambulatory Surgery Centers
- 5.4.3. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Spine Fixation Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Cervical Fixation Devices
- 6.2.2. Thoracolumbar Devices
- 6.2.3. Interbody Fusion Devices
- 6.2.4. Biologics
- 6.3. Market Analysis, Insights and Forecast – By Surgery
- 6.3.1. Minimally Invasive Spine Surgery
- 6.3.2. Open Spine Surgery
- 6.4. Market Analysis, Insights and Forecast – By End-user
- 6.4.1. Specialty Clinics
- 6.4.2. Hospitals & Ambulatory Surgery Centers
- 6.4.3. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Spine Fixation Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Cervical Fixation Devices
- 7.2.2. Thoracolumbar Devices
- 7.2.3. Interbody Fusion Devices
- 7.2.4. Biologics
- 7.3. Market Analysis, Insights and Forecast – By Surgery
- 7.3.1. Minimally Invasive Spine Surgery
- 7.3.2. Open Spine Surgery
- 7.4. Market Analysis, Insights and Forecast – By End-user
- 7.4.1. Specialty Clinics
- 7.4.2. Hospitals & Ambulatory Surgery Centers
- 7.4.3. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Spine Fixation Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Cervical Fixation Devices
- 8.2.2. Thoracolumbar Devices
- 8.2.3. Interbody Fusion Devices
- 8.2.4. Biologics
- 8.3. Market Analysis, Insights and Forecast – By Surgery
- 8.3.1. Minimally Invasive Spine Surgery
- 8.3.2. Open Spine Surgery
- 8.4. Market Analysis, Insights and Forecast – By End-user
- 8.4.1. Specialty Clinics
- 8.4.2. Hospitals & Ambulatory Surgery Centers
- 8.4.3. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Spine Fixation Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Cervical Fixation Devices
- 9.2.2. Thoracolumbar Devices
- 9.2.3. Interbody Fusion Devices
- 9.2.4. Biologics
- 9.3. Market Analysis, Insights and Forecast – By Surgery
- 9.3.1. Minimally Invasive Spine Surgery
- 9.3.2. Open Spine Surgery
- 9.4. Market Analysis, Insights and Forecast – By End-user
- 9.4.1. Specialty Clinics
- 9.4.2. Hospitals & Ambulatory Surgery Centers
- 9.4.3. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Alphatec Spine, Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Medtronic
- 10.6. Stryker
- 10.7. Zimmer Biomet
- 10.8. DepuySynthes (Johnson & Johnson Services, Inc.)
- 10.9. NuVasive, Inc.
- 10.10. RTI Surgical Holdings, Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
