Industry Research by Koncept Analytics Global Spine Market with Focus on Spinal Fusion: Industry Analysis & Outlook ----------------------------------------- (2017-2021) January 2018 Global Spine Market with Focus on Spinal Fusion: Industry Analysis & Outlook (2017-2021) 1
Executive Summary Spine, also known as vertebral column or back bone, is a series of several irregular bones (vertebrae) located in the back of a human. Spine houses a spinal canal which protects the spinal cord by enclosing it. Spinal cord is a thin and long tubular bundle of nervous tissue and support cells. It acts as a pathway between brain and the body. Spine is segmented into four curves that include cervical curve, thoracic curve, lumbar curve and sacral curve. These curves provide posture to an individual while bending, moving and support the upper body weight. There are seven vertebrae in cervical curve, twelve vertebrae in thoracic curve, five vertebrae in lumbar curve and 5 vertebrae in sacral curve. Spinal fusion segment has witnessed significant growth in the spine market because of increased cases of severe lumber and cervical disorders. Regionally, the U.S. is a major contributor to the global spine market supported by technological innovation and higher concentration of major spine solution manufacturing companies. The U.S. is likely to experience further growth of spine market with technological advancements in surgical devices, growing cases of spinal diseases in older populace and rising adoption of spinal fusion. The global spine market is expected to grow in future due to increasing cases of spinal cord injury, increasing ageing population and obese population, rise in healthcare expenditure, increasing disposable income and rapid urbanization. Key trends of this market include mergers and acquisitions, increasing demand of minimally invasive surgeries, sedentary lifestyle. However, there are some factors which can hinder the market growth including stringent legal norms and high cost and alternative treatments. The report Global Spine Market with Focus on Spinal Fusion: Industry Analysis & Outlook (2017-2021) by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covering the U.S. along with the global market. The report profiles the key players of the market including Johnson & Johnson, Medtronic plc, Stryker and NuVasive Inc. Global Spine Market with Focus on Spinal Fusion: Industry Analysis & Outlook (2017-2021) 2
Global spine market would experience growth due to growing older population, rising adoption of minimally invasive surgeries and continuous technological developments in surgical methods.. Global Spine Market Forecast by Value (2017-2021) Global spine market is expected to reach US$.. billion in the year 2021, increasing from US$.. billion in the fiscal year 2017 at a CAGR of..%. In the year 2016, traditional fusion segment held a major share of..% in the global spine market, followed by biologics with a share of..%. In year 2021, global spinal fusion market is expected to reach US$.. billion, increasing from US$.. billion in 2017, at a CAGR of..%. Global Spine Market by Type (2016) Global Spinal Fusion Market Forecast by Value (2017-2021) Traditional Fusion Biologics MIS VCF Others Global Spine Market with Focus on Spinal Fusion: Industry Analysis & Outlook (2017-2021) 3
Thousand Growth of the U.S. spine market is likely to be driven by rapidly growing prevalence of spinal disorders in geriatric populace and favorable reimbursement landscape The U.S. Spine Market Forecast by Value (2017-2021) The U.S. spine market is expected to reach US$.. billion in the year 2021, increasing from US$.. billion in the fiscal year 2017 at a CAGR of..% for the period spanning 2017-2021. In the year 2021, procedure volume of the U.S. spine market is expected to reach..thousand, increasing from..thousand in 2017, growing at a CAGR of %. In year 2021, the U.S. spinal fusion market is expected to reach US$.. billion, increasing from US$.. billion in 2017, at a CAGR of..%. The U.S. Spine Market Procedure Volume Forecast (2017-2021) The U.S. Spinal Fusion Market Forecast by Value (2017-2021) Global Spine Market with Focus on Spinal Fusion: Industry Analysis & Outlook (2017-2021) 4
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