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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