Market Overview:
The global spine equipment 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 disorders, technological advancements in spine equipment, and rising demand for minimally invasive surgeries. Based on type, the global spine equipment market is segmented into expansion channel tube, remote injection propulsion device, and plasma surgery system. The expansion channel tube segment is expected to account for the largest share of the global spine equipment market in 2018. This can be attributed to its growing use in minimally invasive surgeries and increasing demand for deformity correction surgeries. Based on application, the global spine equipment market is segmented into hospitals, clinics, and others (including research institutes and training centers). The hospitals segment accounted for the largest share of the global spine equipment market in 2017 owing to rising number of spinal disorders patients seeking treatment in hospitals.
Product Definition:
Spine equipment is used to help immobilize and protect the spine during medical procedures. It is important to use spine equipment because it can help prevent injuries to the spinal cord.
Expansion Channel Tube:
Expansion channel tubes are used in the spine equipment industry to provide a pathway for spinal fluid to flow. They are most commonly used in lumbar punctures, however they can also be found in interbody fusion procedures and instrumentation of the vertebrae. Expansion channel tubes have become an integral component of interbody fusion technology as they help maintain the structural integrity of vertebral bodies during fusion by preventing bone loss post-surgery.
Remote Injection Propulsion Device:
The global remote injection propulsion device and its usage in spine equipment market is expected to witness significant growth over the forecast period. The primary factor that propels the growth of this industry includes increasing incidences of spinal injuries worldwide. According to a research article published by B.
Application Insights:
The hospital application segment dominated the global spine equipment market in 2017. The segment is expected to witness a CAGR of XX% over the forecast period owing to an increase in number of hospitals and rising healthcare spending by countries, such as China, India and Brazil. Moreover, increasing investments by governments for developing advanced healthcare infrastructure will boost product demand over the forecast period.
Clinic applications include surgical procedures that require spinal anesthesia or pain management techniques during diagnostic or therapeutic procedures on patients¢â‚¬â„¢ backs or spines with conditions affecting these areas (such as herniated disc). Increasing awareness about treatments for low back pain along with growing preference for non-invasive surgeries are some of the factors driving this segment growth over the forecast period.
Other applications include surgery centers and imaging centers that offer various diagnostic services related to back problems including x-rays, MRIs/ CTs.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high patient awareness levels coupled with relatively higher healthcare expenditure levels in this region are some factors responsible for its large share. In addition, favorable reimbursement policies and increasing government initiatives to create awareness about minimally invasive surgeries are expected to drive the growth during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to improving economic conditions and rising disposable income resulting in an increase in demand for medical devices such as spinal surgery equipment among other orthopedic procedures. Moreover, growing investments by international companies for setting up clinics & hospitals due to low cost of treatment offered by these facilities is also expected boost regional growth during the estimated time span. Rising incidence of spine injuries coupled with growing geriatric population will further propel market development over next eight years (2030).
Growth Factors:
- Increasing incidence of spine disorders: The global prevalence of spine disorders is increasing at an alarming rate. This is primarily because of the changing lifestyles and growing aging population. This is expected to drive the demand for spine equipment in the coming years.
- Technological advancements: The technological advancements in spine surgery are helping surgeons to perform complex surgeries with greater accuracy and precision. This is driving the demand for advanced spine equipment in the market.
- Growing awareness about spinal health: There has been a growing awareness among people about spinal health and its importance in overall health and well-being. This is driving them to seek treatment for spine disorders, thereby propelling the growth of the market for spine equipment worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Spine Equipment Market Research Report
By Type
Expansion Channel Tube, Remote Injection Propulsion Device, Plasma Surgery System
By Application
Hospital, Clinic, Others
By Companies
Medtronic, Johnson & Johnson, Stryker, Nuvasive, Medtronic
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
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.
Global Spine Equipment Market Report Segments:
The global Spine Equipment market is segmented on the basis of:
Types
Expansion Channel Tube, Remote Injection Propulsion Device, Plasma Surgery System
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
Hospital, Clinic, Others
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:
- Medtronic
- Johnson & Johnson
- Stryker
- Nuvasive
- Medtronic
Highlights of The Spine Equipment 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:
- Expansion Channel Tube
- Remote Injection Propulsion Device
- Plasma Surgery System
- By Application:
- Hospital
- Clinic
- Others
- 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 Spine Equipment 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Spine equipment is a type of medical equipment used to treat back pain. It includes devices such as back supports, pillows, and braces that help to relieve pressure on the spine.
Some of the major companies in the spine equipment market are Medtronic, Johnson & Johnson, Stryker, Nuvasive, Medtronic.
The spine equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spine Equipment 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 Spine Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spine Equipment 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 Spine Equipment 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 Spine Equipment Market Size & Forecast, 2020-2028
4.5.1 Spine Equipment Market Size and Y-o-Y Growth
4.5.2 Spine Equipment 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 Expansion Channel Tube
5.2.2 Remote Injection Propulsion Device
5.2.3 Plasma Surgery System
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 Hospital
6.2.2 Clinic
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spine Equipment 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 Spine Equipment 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 Expansion Channel Tube
9.6.2 Remote Injection Propulsion Device
9.6.3 Plasma Surgery System
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 Hospital
9.10.2 Clinic
9.10.3 Others
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 Expansion Channel Tube
10.6.2 Remote Injection Propulsion Device
10.6.3 Plasma Surgery System
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 Hospital
10.10.2 Clinic
10.10.3 Others
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 Expansion Channel Tube
11.6.2 Remote Injection Propulsion Device
11.6.3 Plasma Surgery System
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 Hospital
11.10.2 Clinic
11.10.3 Others
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 Expansion Channel Tube
12.6.2 Remote Injection Propulsion Device
12.6.3 Plasma Surgery System
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 Hospital
12.10.2 Clinic
12.10.3 Others
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 Expansion Channel Tube
13.6.2 Remote Injection Propulsion Device
13.6.3 Plasma Surgery System
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 Hospital
13.10.2 Clinic
13.10.3 Others
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 Spine Equipment Market: Competitive Dashboard
14.2 Global Spine Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Medtronic
14.3.2 Johnson & Johnson
14.3.3 Stryker
14.3.4 Nuvasive
14.3.5 Medtronic
