Global Spine Market with Focus on Spinal Fusion: Industry Analysis & Outlook ( )

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1 Industry Research by Koncept Analytics Global Spine Market with Focus on Spinal Fusion: Industry Analysis & Outlook ( ) December

2 Executive Summary Spine disorders are categorized among degenerative conditions, deformities, trauma-based disorders and tumors. To treat spinal disorders, spinal implants and surgeries are performed. These surgeries include fusion and non-fusion devices as well as devices associated with vertebral compression fracture, inter-body devices, and cervical, thoracolumbar, and spinal stimulation devices. The main aim of fusion devices rests on relieving back pain by restricting the movement of the spine. Spine fusion is a surgical procedure which is used to correct problems with the small bones of the spine. It is also know as the welding process. The global spine market is relatively untouched and has huge potential to treat widespread pain. The spine market in the US is the largest market globally because of its strong dynamics and a great scope of innovation in the region. The growth factors of the market include rise in elderly population in which spine disorders prevalence is the highest, simplification of minimal-invasive surgery, particularly in emerging economies, strong growth in the Asia Pacific regions especially in China and increased approvals of new surgical implants to improve the surgical procedures. The global spine market is trending with innovation of new technologies and therapies, advancements in spine therapies, growth of spine care centers, and rising mergers and acquisitions in the market. However, the market growth will be hindered by tough regulatory approvals, restricted reimbursements, high cost of treatment and lack of trained healthcare workers. The report offers an in-depth analysis of the global spine market. It also covers the regional aspect of the market along with special focus on spine fusion. The top notch players in the market exhibit a very close competition. The report profiles Johnson & Johnson, Medtronic Plc., Stryker Corporation and Zimmer Biomet Holdings Inc. 2

3 US$ Billion Growth of spine market is driven by rising need of people for improved healthcare facilities, higher standard of living and rising expenditure on healthcare. Global Spine Market Forecast by Value ( ) The spine market value is expected to reach US$.. billion by 2020, increasing from US$.. billion in The market is estimated to grow at a CAGR of..% for the period spanning In year 2015, lumbar fusion accounted for the highest value share of..% in the US market, followed by interbody fusion with..% share. The volume of instrument fusion was the highest in 2015, accounting for.. % of the total procedures in the US spine market The US Spine Market Value by Segments (2015) The US Spine Market Volume by Procedure Type (2015) Lumbar Fusion Biologics VCF Artificial Discs Others Interbody Fusion Cervical Fusion Spinal Stimulators Dynamic Stabilisation Instrumented Fusion Disc Replacement Kyphoplasties/Vertebroplasties 3

4 US$ Million US$ Billion The factors which contribute to the growth of spine fusion market include rise in elderly population in which spine disorder prevalence is the highest, and rising adoption of minimal-invasive surgeries. Global Spine Fusion Market by Value ( ) The global spine fusion market value was recorded at US$.. billion in 2015, increasing from US$.. billion in The market grew at a CAGR of..% for the period spanning The China s spine fusion market is expected to reach US$.. million by 2020, increasing from US$.. million in The market is expected to grow at a CAGR of..% for the period spanning China s Spine Fusion Market Forecast by Value ( ) The US spine market is expected to account..% of the market share by 2020, declining from..% share in The APAC region is expected to hold..% of the market share by 2020 Global Spine Fusion Market by Region (2015/2020) The US APAC EU5 ROW 4

5 Contact Us: Disclaimer This is a licensed product of Koncept Analytics. You cannot reproduce, publish, distribute, publicly display, sell or create other works from this report or use them in any way for commercial purpose without our prior permission. Further, you cannot copy this material, by any means (including electronic copies), for distribution to others unless you have purchased the corporate license of this report. We believe the sources are reliable, but Koncept Analytics does not warranty the accuracy or completeness of the data. The data presented in the report is updated at the publication date but is subject to change at subsequent releases. All possible efforts have been made to ensure accuracy of data. However, investors should not completely rely on the information given in this report and must make decisions based on their own investment strategy, risk management and capital adequacy. Koncept Analytics CS-36, First Floor, Ansal Plaza Vaishali, Ghaziabad, U.P T: M:

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