Market Overview:
The global posterior spinal fixation band market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of spinal trauma, spinal reconstructive surgery, and spinal degenerative surgery. Additionally, the growing demand for minimally invasive surgeries is also contributing to the growth of this market. Based on type, the global posterior spinal fixation band market is segmented into adult and children’s segments. The adult segment accounted for majority share of the global posterior spinal fixation band market in 2017 and is expected to maintain its dominance during forecast period. This can be attributed to increasing incidence of spine-related disorders in adults such as spine trauma, spine reconstruction surgery, and spine degenerative surgery.
Product Definition:
A posterior spinal fixation band is a device that is used to stabilize the spine. It is typically used in cases of spinal trauma or instability. The band helps to keep the spine in alignment and prevents further damage.
Adult:
The global adult, it's usage and growth factor in the posterior spinal fixation band market size was valued at USD 6.5 million in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growing geriatric population base worldwide coupled with increasing prevalence of spine disorders is anticipated to drive demand for this market during the forecast period.
Children:
The global children and it's usage in posterior spinal fixation band market size was valued at USD 6.5 million in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The increasing number of trauma accidents, rising prevalence of spinal disorders among pediatric population, growing awareness about these products among parents are some major factors driving growth during the forecast period 2015-2022.
Application Insights:
The spinal trauma surgery segment dominated the global posterior spinal fixation band market in 2017 owing to a significant increase in the number of patients suffering from trauma injuries at various levels of spine. According to WHO, approximately 60 million people are registered annually as injured through road accidents and violence. Moreover, an estimated 1.3 million people die due to road traffic crashes globally every year and this number is increasing at a rapid pace. This has led surgeons to focus on developing minimally invasive procedures for treating such injuries which often result in instability or deformity of spine that requires surgical intervention for correction. Fixation devices provide stability & support along with improved cosmetic appearance after spinal surgery minimizing any further complications caused by instability or deformity post-trauma injury sustained during backpacking trip or sports activity requiring urgent corrective procedure without having to go through extensive rehabilitation process first (www.
Regional Analysis:
North America dominated the global Posterior Spinal Fixation Band market in 2017. This can be attributed to the presence of well-established healthcare facilities, availability of highly skilled surgeons and a large patient pool suffering from spinal cord injuries. In addition, increasing road accidents and rising prevalence of chronic diseases such as arthritis are expected to drive demand for Posterior Spinal Fixation Bands in this region.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as developing medical tourism industry, increase in healthcare expenditure by governments along with an increase in disposable income especially after globalization & economic reforms; which has led many people migrate out of their native countries for better opportunities abroad thus creating a high need for medical procedures & services resulting into increased demand for surgeries including spinal surgeries thus driving growth across this region.
Growth Factors:
- Increasing incidence of spinal cord injuries: The increasing incidence of spinal cord injuries is one of the key growth drivers for the posterior spinal fixation band market. According to a study by the Centers for Disease Control and Prevention (CDC), around 12,000 people in the U.S. sustain a spinal cord injury each year, resulting in paralysis or other disabilities. This number is expected to rise due to the aging population and increased awareness about spine health issues.
- Growing demand for minimally invasive surgeries: Minimally invasive surgeries are becoming increasingly popular due to their shorter recovery times and lower risks of complications as compared to traditional open surgery procedures. This is driving demand for posterior spinal fixation bands, which are often used in minimally invasive surgeries.
- Rising prevalence of chronic back pain: Back pain is one of the most common medical conditions worldwide, affecting millions of people every year . The rising prevalence of chronic back pain is fueling demand for posterior spinal fixation bands as they offer an effective treatment option for this condition .
Scope Of The Report
Report Attributes
Report Details
Report Title
Posterior Spinal Fixation Band Market Research Report
By Type
Adult, Children
By Application
Spinal Trauma Surgery, Spinal Reconstructive Surgery, Spinal Degenerative Surgery
By Companies
Cousin Biotech, Ortholog, IMPLANET, Zimmer Biomet, Globus Medical, Medicrea, OrthoPediatrics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Posterior Spinal Fixation Band Market Report Segments:
The global Posterior Spinal Fixation Band market is segmented on the basis of:
Types
Adult, Children
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Spinal Trauma Surgery, Spinal Reconstructive Surgery, Spinal Degenerative Surgery
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cousin Biotech
- Ortholog
- IMPLANET
- Zimmer Biomet
- Globus Medical
- Medicrea
- OrthoPediatrics
Highlights of The Posterior Spinal Fixation Band Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Adult
- Children
- By Application:
- Spinal Trauma Surgery
- Spinal Reconstructive Surgery
- Spinal Degenerative Surgery
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Posterior Spinal Fixation Band Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Posterior Spinal Fixation Band is a type of bandage that is placed around the back of a person's waist to help support their spine.
Some of the major players in the posterior spinal fixation band market are Cousin Biotech, Ortholog, IMPLANET, Zimmer Biomet, Globus Medical, Medicrea, OrthoPediatrics.
The posterior spinal fixation band market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Posterior Spinal Fixation Band Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Posterior Spinal Fixation Band Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Posterior Spinal Fixation Band Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Posterior Spinal Fixation Band Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Posterior Spinal Fixation Band Market Size & Forecast, 2020-2028
4.5.1 Posterior Spinal Fixation Band Market Size and Y-o-Y Growth
4.5.2 Posterior Spinal Fixation Band Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Adult
5.2.2 Children
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Spinal Trauma Surgery
6.2.2 Spinal Reconstructive Surgery
6.2.3 Spinal Degenerative Surgery
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Posterior Spinal Fixation Band Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Posterior Spinal Fixation Band Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Adult
9.6.2 Children
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Spinal Trauma Surgery
9.10.2 Spinal Reconstructive Surgery
9.10.3 Spinal Degenerative Surgery
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Adult
10.6.2 Children
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Spinal Trauma Surgery
10.10.2 Spinal Reconstructive Surgery
10.10.3 Spinal Degenerative Surgery
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Adult
11.6.2 Children
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Spinal Trauma Surgery
11.10.2 Spinal Reconstructive Surgery
11.10.3 Spinal Degenerative Surgery
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Adult
12.6.2 Children
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Spinal Trauma Surgery
12.10.2 Spinal Reconstructive Surgery
12.10.3 Spinal Degenerative Surgery
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Adult
13.6.2 Children
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Spinal Trauma Surgery
13.10.2 Spinal Reconstructive Surgery
13.10.3 Spinal Degenerative Surgery
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Posterior Spinal Fixation Band Market: Competitive Dashboard
14.2 Global Posterior Spinal Fixation Band Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cousin Biotech
14.3.2 Ortholog
14.3.3 IMPLANET
14.3.4 Zimmer Biomet
14.3.5 Globus Medical
14.3.6 Medicrea
14.3.7 OrthoPediatrics
