The market for spinal devices was valued at USD 11.59 billion in 2018 and is anticipated to grow to USD 15.74 billion by 2026, with a projected CAGR of 3.9%.
The Spinal Devices Market research report for 2026 highlights the important market trends in the industry. In addition to looking at entry barriers, sales channels, distributors, and Porter's Five Forces Analysis, this market analysis also looks at market size, market share, growth rate, future trends, market drivers, opportunities, challenges, and risks. The research shows changes in CAGR figures over the market's projection period. The leading brands or companies are generally accountable for the modifications in the market landscape through their innovations, product launches, joint ventures, mergers, and acquisitions, which modify the perception of the industry's global face.
For More Information: https://www.fortunebusinessinsights.com/industry-reports/spinal-devices-market-100592
In order to strengthen their positions and capture the largest possible share of the spinal devices market, a large number of established companies are concentrating on winning new contracts in emerging markets. In addition to this, they are implementing cutting-edge technologies to offer their customers high-quality products. Here are a few of the most recent changes that happened in the sector:
In November 2019, Texas-based biotechnology company Difusion Technologies, Inc. announced that its interbody device, Xiphos-ZF, had been granted FDA 510K clearance. It is thought to be the first spinal implant made of the novel biomaterial ZFUZE. Numerous studies have demonstrated that the ZFUZE material significantly lowers interleukin-6 and interleukin-1-beta levels. It also causes an M2 macrophage response that is pro-reparative. Fibrous tissue formation is related to the production of IL6 and IL1-Beta.
In November 2018, the Michigan-based manufacturer and marketer of medical products K2M Group Holdings was acquired by Stryker, a company that specialises in medical technologies. The total transaction value was USD 1.4 billion. Two days after K2M's shareholders approved the acquisition at a meeting, the deal was finally finalised.
Request A Sample PDF Brochure: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/100592
Major Market Players Profiled in the Report include:
- Medtronic
- Stryker
- Zimmer Biomet
- DePuy Synthes (Johnson & Johnson Services, Inc.)
- NuVasive, Inc
- Globus Medical
- RTI Surgical Holdings, Inc.
- Aesculap, Inc. (B. Braun Melsungen AG)
- Alphatec Spine, Inc.
Market Drivers:
Increasing Availability of High-quality Treatment Options to Boost Growth
The market for spinal devices has made a significant amount of technological progress. This is prompting the introduction of numerous cutting-edge orthopaedic implants and devices. The patients receiving top-notch care for their spinal disorders are receiving it from them. A sizable patient base worldwide is demanding specialised implants and minimally invasive treatments.
Regional Analysis:
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
This Report Aims To Provide:
An analysis, both qualitative and quantitative, of the dynamics, trends, and projections for the years 2023 to 2030.
The use of analysis tools like SWOT analysis and Porter's five force analysis helps to explain how capable buyers and suppliers are of making decisions that will strengthen their companies bottom lines.
The current market opportunities are identified through a thorough analysis of market segmentation.
Ask For Customization: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/100592
Questions Answered in the Spinal Devices Market Research Report
- Which are the leading players active in the Spinal Devices Market size?
- What are the detailed impacts of COVID-19 on the market?
- What current trends will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What future projections would help in taking further strategic steps?
Related Reports:
Pelvic Inflammatory Disease Treatment Market
Alpha-1 Antitrypsin Deficiency Treatment Market
About us:
Fortune Business Insights™ provides accurate data and innovative enterprise analytics to help organizations of all sizes make better decisions. We tailor novel solutions for our clients to help them meet a variety of unique business challenges. Our aim is to provide a detailed overview of the markets in which they operate to provide holistic market intelligence.
Address:
Fortune Business Insights Pvt .
9th Floor, Icon Tower, Burner –
Pune-411045,
India, Maharashtra.
Telephone:
USA: +1 424 253 0390
UK: +44 2071 939123
Asia Pacific: +91 744 740 1245
Email: [email protected]
