Global Spinal Implants Market Expected to USD$ 10.5 Billion By 2020News, Media & ReportingUpdated on Jul 31, 2016 View more like this | Visit WALNUT, CA | Contact freedomlightning |
The global Spinal Implants market is expected to grow from $7.9 billion in 2015 to $10.5 billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 5.91% from 2016 to 2020. Spinal implants help correct the deformities of the spine, facilitate bone fusion, and strengthen and stabilize the spine. Conditions such as chronic pain due to degenerative disc diseases (DDDs) and fractures in the spine caused by trauma or osteoporosis can be treated through surgeries that involve the implantation of spinal implants for bone fusion. Spondylolisthesis, scoliosis, disc herniation, and spinal stenosis are some of the other spinal disorders. Spinal implants are composed of metals such as titanium, titanium alloy, and stainless steel or bio-absorbable materials. In the market, various types of spinal implants of different shapes and sizes as per the requirement of all age groups are available.
This market is expected to have a moderate growth rate primarily due to increase in aging population coupled with number of patients suffering from chronic back pain, increased awareness resulting into adoption of newer and improved technologies by surgeons and patients and last but not the least advancement in technology. However, price concerns and unstable reimbursement policies are expected to restrain the growth of the market to a certain extent.
The market is segmented on the basis of technology used such as fusion, spine biologics, non-fusion, products intended for vertebral compression fracture and spinal decompression. Each segment is divided into different categories for further cross sectional analysis. North America is one of the geographies that still continue to occupy a larger share of the market followed by Europe. North America spinal implant market accounted for over 40% of the revenue generated in 2014 and owing to the abundant product availability and high usage rates. On the other hand Asian countries represent faster growing regional markets, mainly due to the improving reimbursement policies, large population, growing awareness about new technologies and increased purchasing power of hospitals.
Spinal Implants
Read Full Report: http://www.gosreports.com/global-spinal-implants-report-market-size-and-forecast/
Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
This market is expected to have a moderate growth rate primarily due to increase in aging population coupled with number of patients suffering from chronic back pain, increased awareness resulting into adoption of newer and improved technologies by surgeons and patients and last but not the least advancement in technology. However, price concerns and unstable reimbursement policies are expected to restrain the growth of the market to a certain extent.
The market is segmented on the basis of technology used such as fusion, spine biologics, non-fusion, products intended for vertebral compression fracture and spinal decompression. Each segment is divided into different categories for further cross sectional analysis. North America is one of the geographies that still continue to occupy a larger share of the market followed by Europe. North America spinal implant market accounted for over 40% of the revenue generated in 2014 and owing to the abundant product availability and high usage rates. On the other hand Asian countries represent faster growing regional markets, mainly due to the improving reimbursement policies, large population, growing awareness about new technologies and increased purchasing power of hospitals.
Spinal Implants
Read Full Report: http://www.gosreports.com/global-spinal-implants-report-market-size-and-forecast/
Joanna | Executive – International Business and partner Relations
E-mail: [email protected] | Tel: 1-510-400-8520
Web: www.gosreports.com
