The North America Spinal Surgery market studied was anticipated to grow with a CAGR of 7.13%, during the forecast period. The major factors attributing to the growth of the North America spinal surgery market are advancements in technology in spinal surgery equipment, growing aging and obese population with growing number of spinal deformities, and increasing demand for noninvasive spinal surgery procedures are key elements driving the growth of the market for North America spinal surgery.
According to a survey conducted in the United States, by the National Center for Health Statistics, more than 65 million Americans suffer from lower back problems, every year. With evolving lifestyle and food consumption methods in the region such figures are expected to increase further. The degenerative spinal disorders are also expected to increase, along with a likely increase in spinal problems in obese populations owing to increased obesity which will further boost the market growth during the forecast period.
Key Market Trends
Spinal Fusion Segment is Expected to Hold Significant Share in the North America Spinal Surery Devices Market
Spinal fusion is estimated to have the largest market share in the device category segment of the market for spinal surgery devices and is expected to experience a healthy CAGR during the forecast period. Several products on the market offer traditional yet better treatments for patients with lumbar spinal stenosis, along with alternative advanced treatments for spinal decompression. The key market competitors manufacture complex stabilizing tools for the lumbar spine for both anterior and posterior. In fact, there are many clinical trials ongoing for further advancement. As per the research findings there are approximately 1.62 million instrumented spinal procedures performed annually in the United States.This component would likely offer multiple benefits in terms of market growth during the forecast period.
Competitive Landscape
The North America spinal surgery devices market is competitive and consists of several players. In terms of market share, few of the major players are currently dominating the market and some prominent players are vigorously making acquisitions and joint ventures with the other companies to consolidate their market positions in the region. Some of the companies which are currently dominating the market are Zimmer Biomet, Stryker Corporation, Johnson & Johnson, Medtronic plc, and Globus Medical.
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According to a survey conducted in the United States, by the National Center for Health Statistics, more than 65 million Americans suffer from lower back problems, every year. With evolving lifestyle and food consumption methods in the region such figures are expected to increase further. The degenerative spinal disorders are also expected to increase, along with a likely increase in spinal problems in obese populations owing to increased obesity which will further boost the market growth during the forecast period.
Key Market Trends
Spinal Fusion Segment is Expected to Hold Significant Share in the North America Spinal Surery Devices Market
Spinal fusion is estimated to have the largest market share in the device category segment of the market for spinal surgery devices and is expected to experience a healthy CAGR during the forecast period. Several products on the market offer traditional yet better treatments for patients with lumbar spinal stenosis, along with alternative advanced treatments for spinal decompression. The key market competitors manufacture complex stabilizing tools for the lumbar spine for both anterior and posterior. In fact, there are many clinical trials ongoing for further advancement. As per the research findings there are approximately 1.62 million instrumented spinal procedures performed annually in the United States.This component would likely offer multiple benefits in terms of market growth during the forecast period.
Competitive Landscape
The North America spinal surgery devices market is competitive and consists of several players. In terms of market share, few of the major players are currently dominating the market and some prominent players are vigorously making acquisitions and joint ventures with the other companies to consolidate their market positions in the region. Some of the companies which are currently dominating the market are Zimmer Biomet, Stryker Corporation, Johnson & Johnson, Medtronic plc, and Globus Medical.
Reasons to Purchase this report:
- The market estimate (ME) sheet in Excel format.
- 3 months of analyst support.
This product will be delivered within 2 business days.
Table of Contents
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Zimmer Biomet
- Stryker Corporation
- Johnson & Johnson
- Medtronic plc
- Globus Medical
- SeaSpine Holdings Corporation
- Orthofix Holdings Inc.
- Nuvasive Inc.
- Joimax GmbH
- RTI Surgical Holdings, Inc.
Methodology
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