The introduction of spinal non-fusion devices has revolutionized the diagnosis and treatment of spine injuries and improved patient outcome to a great extent. Spinal non-fusion devices allow patients to retain stability, movement and flexibility of the spine to some extent. Owing to the wide range of benefits, the global spinal non-fusion devices market has witnessed significant growth.
Spinal non-fusion devices are used to diagnose, test, and treat a number of ailments related to the spine. These include spinal tumors, disc herniation, spondylosis, kyphosis, spondylolisthesis, lordosis, abnormal curvature of the spine, osteoarthritis, osteoporosis, scoliosis, stenosis, vertebral fractures, ankylosing spondylitis, traumatic spinal injuries, arthritis, and rheumatoid arthritis.
Highly-advanced technologies driving the spinal non-fusion devices market
The remarkable growth of the global spinal non-fusion devices market has been largely attributed to technological advancements, innovations, and emerging products. In addition to this, growing geriatric population, rising incidences of obesity, and increasing demand for minimally invasive surgeries also fuel the growth of the spinal non-fusion devices market. Increasing approvals for new and innovative products in the field of spinal surgery has not only promoted awareness regarding the gravity of back pain, but also instilled a sense of confidence among patients with regards to motion-preserving technologies. This in turn has spurred the adoption rate for spinal non-fusion devices. The rising competition and high growth in emerging nations such as India, China, and Brazil has fuelled the spinal non-fusion devices market in recent years.
On the other hand, unstable and stringent reimbursement policies and rigid government regulations in regions such as Japan is expected to hamper the growth of the spinal non-fusion devices market.
Rise in obesity fuelling the spinal non-fusion devices market in North America
North America is the largest market for spinal non-fusion devices and is also projected to be the fastest-growing regional segment during the forecast period of 2013-2019, registering a double-digit CAGR. Data states that nearly 50% of the total population in the U.S. above the age of 40 suffers from degenerative disc disease, which drives the spinal non-fusion devices market. Other factors that support the North American market are technological advancements, adoption of new technologies to treat spinal ailments, and growing prevalence of obesity.
Europe is the second-largest market for spinal non-fusion devices owing to increasing introduction of safer and more efficient devices.
Asia-Pacific and the Rest of the World region have been witnessing considerable growth in recent years. The spinal non-fusion devices market in countries such as South Korea, Australia, China, India, and Brazil is driven by factors such as availability of technologies, development of healthcare facilities and infrastructure, consumer awareness regarding importance of spinal surgery and new-age devices, growing population, and favourable reimbursements.
However, conservative surgery approach and strict regulatory approvals are expected to stall the growth of the spinal non-fusion devices market in some Asian countries.
Spinal non-fusion devices: Areas of segmentation
The overall market for spinal non-fusion devices can be segmented on the basis of geography and technology. Geographically, the global market is divided into North America, Europe, Asia-Pacific, and Rest of the World. On the basis of technology, the market for spinal non-fusion devices is segmented into artificial discs, nuclear disc prostheses, dynamic stabilization devices, and annulus repair devices. Dynamic stabilization devices are bifurcated into facet arthoplasty devices and interspinous process decompression devices. Artificial discs include artificial discs for lumbar and cervical vertebrae.
Competitive landscape of the worldwide market for spinal non-fusion devices
The spinal non-fusion devices market is immensely competitive with a number of top players operating within the industry. Some of the leading participants of the global spinal non-fusion devices market are Raymedica, Vertebral Technologies, Cryo Life, Zimmer Spine, Pioneer Surgical technologies, Arthro Kinetics, Medtronic, DePuy Spine, NP Solutions, Replication Medical, and Synthes Spine.
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