DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/jbhv2l/spinal_implants) has announced the addition of the "Spinal Implants and Spinal Devices Market by Product, Technologies, Minimally Invasive Device & Decompression - Global Forecast to 2020" report to their offering.
The market is expected to reach USD 15.73 Billion by 2020, growing at a CAGR of 5.6% from 2015 to 2020.
Technological advancements in spine surgery devices, and increasing aging and obese population with increasing number of spine deformities, and rising demand for minimally invasive spine surgery procedures are the key factors fueling the growth of the spinal implants and spinal devices market. However, the stringent product approval process, uncertainty in reimbursement, and high cost of treatment procedures are some of the prime factors restraining the growth of this market. Furthermore, lack of adequate physician and patient awareness/education about newly developed treatment procedures and technologies and high pricing pressure on market players are other factors hampering market growth.
Emerging markets, including China, India, South Korea, and Brazil are attractive markets for companies engaged in the development and distribution of spinal implants and spinal devices. Rising government healthcare expenditure, growing income levels, presence of a large patient population, and rising obesity cases in these countries are some of the key factors propelling the demand for spinal implants and spinal devices in these emerging markets.
As of 2014, Medtronic, plc (U.S.) held the leadership position in the global spinal implants and spinal devices market. Over the past three years, the company adopted product innovation and new product launches as its key business strategy to ensure its dominance in this market. DePuy Synthes (U.S.), Stryker Corporation (U.S.), NuVasive, Inc. (U.S.), Zimmer Biomet Holdings, Inc. (U.S.), Globus Medical, Inc. (U.S.), Alphatec Holdings, Inc. (U.S.), Orthofix International N.V. (Netherlands), K2M Group Holdings, Inc. (U.S.), LDR Holding Corporation (U.S.) are some of the other key players in this market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Spinal Implants and Spinal Devices Market, By Product
7 Spinal Implants and Spinal Devices Market, By Technology
8 Spinal Implants and Spinal Devices Market, By Type of Surgery
9 Spinal Decompression Devices Market, By Type of Procedure
10 Spinal Implants and Spinal Devices Market, By Region
11 Competitive Landscape
12 Company Profiles
- Alphatec Spine Inc.
- Depuy Synthes
- Globus Medical, Inc.
- K2M Group Holdings, Inc.
- Medtronic, PLC
- Nuvasive, Inc.
- Orthofix International N.V.
- Stryker Corporation
- Zimmer Biomet Holdings, Inc.
For more information visit http://www.researchandmarkets.com/research/jbhv2l/spinal_implants
