Market Overview:
The global spine fixation 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 diseases, growing awareness about spine health, and technological advancements in spine fixation devices. The global spine fixation market is segmented by type, application, and region. By type, the market is segmented into rods, plates, screws, and other devices. The plates segment is expected to grow at a CAGR of 6% from 2018 to 2030 due to the increasing use of plates for treatment of spinal diseases. By application, the market is divided into treatment of spinal diseases (scoliosis surgery), control spina deformity development (kyphosis correction surgery), protection of spinal nerves (spinal cord compression surgery), and other applications (fracture repair).Some key players operating intheglobal spinemarket are Medtronic plc., DePuy Synthes Companies LLC., Zimmer Biomet Holdings Inc.
Product Definition:
spine fixation is a surgical procedure in which screws or rods are used to stabilize the spine. It is used to treat conditions such as scoliosis, spinal fractures, and spondylolisthesis.
Rods:
Rods are thin, hollow pieces of plastic that get inserted into the spinal column. They can be used to stabilize fractures and dislocations as well as provide traction in cases of back injuries or medical conditions such as spondylolisthesis (slipped discs), radiculopathy, and scoliosis. The most common application is in the treatment of low back pain due to their ability to provide long-term relief from pain by promoting blood flow through increased microcirculation.
Plates:
Plates are used in spine fixation during back surgery. It is a metal or plastic device that is inserted into the spinal canal to provide support for the vertebrae during spinal fusion. The plates are made up of titanium alloy, stainless steel, and carbon fiber among others. They have different shapes and sizes depending upon the type of surgery being performed such as lumbar or cervical fusion among others.
Application Insights:
The treatment of spinal diseases segment dominated the global market in 2017. This can be attributed to the growing incidence of back pain and other related disorders. According to a study published by NCBI, around 300,000 people die from low back pain every year and it contributes to nearly 15% of all deaths globally. The same study also states that around 50 million people suffer from chronic lower back pain in America alone which amounts to about 2% of the total population. These statistics indicate that there is a huge unmet clinical need for treatments for lowbackrelated conditions which will help patients live normal lives again without suffering from chronic pains or disability.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of a large number of patients suffering from spinal cord injuries and high healthcare expenditure. In addition, increasing road accidents are also one of the major factors driving regional growth. According to WHO, approximately 1.2 million people in North America were involved in non-fatal road crashes as pedestrians or drivers that resulted into spinal cord injuries between 2010 and 2014; this number is likely to increase with time [1]. Thus, growing incidence rate of spine surgeries is expected to drive growth over the forecast period.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period due its developing economy coupled with rising disposable income and improving healthcare infrastructure & availability at a relatively lower cost compared with developed regions such as North America and Europe. These aforementioned factors have led Asia Pacific region being named as one ofthe fastest-growing regions for medical tourism due to its low cost associated procedures when comparedto other developed countries such as U.S.
Growth Factors:
- Increasing incidence of spine disorders: The global spine fixation market is expected to grow at a CAGR of 5.5% from 2016 to 2021, owing to the increasing incidence of spine disorders such as spinal cord compression, spinal stenosis, and herniated discs.
- Growing geriatric population: The global geriatric population is expected to grow at a CAGR of 7.9% from 2016 to 2021, which will lead to an increase in the demand for spine fixation products and services.
- Rising awareness about treatment options: There is growing awareness among people about the various treatment options available for spine disorders, which is driving the growth of the global spine fixation market.
- Technological advancements: The development of new technologies in spinal surgery has led to increased adoption rates of advanced devices and implants for treating various types of spinal disorders, thereby propelling the growth of the global market for spine fixation products and services.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Spine Fixation Market Research Report
By Type
Rods, Plates, Screws, Other
By Application
Treatment of Spinal Diseases, Control Spinal Deformity Development, Protection of Spinal Nerves, Other
By Companies
Medtronic, Stryker, Zimmer Biomet, Globus Medical, Nuvasive, K2M, Orthofix International, Alphatec Spine, Integra LifeSciences, Amedica, Invibio, MicroPort, Biocomposites, RTI Surgical, DePuy Synthes, Aegis Spine, Outhern Spine, Nexxt Spine, Paonan
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Spine Fixation Market Report Segments:
The global Spine Fixation market is segmented on the basis of:
Types
Rods, Plates, Screws, Other
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
Treatment of Spinal Diseases, Control Spinal Deformity Development, Protection of Spinal Nerves, Other
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
- Stryker
- Zimmer Biomet
- Globus Medical
- Nuvasive
- K2M
- Orthofix International
- Alphatec Spine
- Integra LifeSciences
- Amedica
- Invibio
- MicroPort
- Biocomposites
- RTI Surgical
- DePuy Synthes
- Aegis Spine
- Outhern Spine
- Nexxt Spine
- Paonan
Highlights of The Spine Fixation 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:
- Rods
- Plates
- Screws
- Other
- By Application:
- Treatment of Spinal Diseases
- Control Spinal Deformity Development
- Protection of Spinal Nerves
- Other
- 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 Fixation 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.
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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?
Spine fixation is a surgical procedure that is used to stabilize the spine. This procedure can be used to treat conditions such as spinal cord compression, herniated discs, and stenosis.
Some of the major companies in the spine fixation market are Medtronic, Stryker, Zimmer Biomet, Globus Medical, Nuvasive, K2M, Orthofix International, Alphatec Spine, Integra LifeSciences, Amedica, Invibio, MicroPort, Biocomposites, RTI Surgical, DePuy Synthes, Aegis Spine, Outhern Spine, Nexxt Spine, Paonan.
The spine fixation market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Spine Fixation Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Spine Fixation Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Spine Fixation Market - Supply Chain
4.5. Global Spine Fixation Market Forecast
4.5.1. Spine Fixation Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Spine Fixation Market Size (000 Units) and Y-o-Y Growth
4.5.3. Spine Fixation Market Absolute $ Opportunity
5. Global Spine Fixation Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Spine Fixation Market Size and Volume Forecast by Type
5.3.1. Rods
5.3.2. Plates
5.3.3. Screws
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Spine Fixation Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Spine Fixation Market Size and Volume Forecast by Application
6.3.1. Treatment of Spinal Diseases
6.3.2. Control Spinal Deformity Development
6.3.3. Protection of Spinal Nerves
6.3.4. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Spine Fixation Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Spine Fixation Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Spine Fixation Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Spine Fixation Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Spine Fixation Demand Share Forecast, 2019-2026
9. North America Spine Fixation Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Spine Fixation Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Spine Fixation Market Size and Volume Forecast by Application
9.4.1. Treatment of Spinal Diseases
9.4.2. Control Spinal Deformity Development
9.4.3. Protection of Spinal Nerves
9.4.4. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Spine Fixation Market Size and Volume Forecast by Type
9.7.1. Rods
9.7.2. Plates
9.7.3. Screws
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Spine Fixation Demand Share Forecast, 2019-2026
10. Latin America Spine Fixation Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Spine Fixation Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Spine Fixation Market Size and Volume Forecast by Application
10.4.1. Treatment of Spinal Diseases
10.4.2. Control Spinal Deformity Development
10.4.3. Protection of Spinal Nerves
10.4.4. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Spine Fixation Market Size and Volume Forecast by Type
10.7.1. Rods
10.7.2. Plates
10.7.3. Screws
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Spine Fixation Demand Share Forecast, 2019-2026
11. Europe Spine Fixation Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Spine Fixation Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Spine Fixation Market Size and Volume Forecast by Application
11.4.1. Treatment of Spinal Diseases
11.4.2. Control Spinal Deformity Development
11.4.3. Protection of Spinal Nerves
11.4.4. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Spine Fixation Market Size and Volume Forecast by Type
11.7.1. Rods
11.7.2. Plates
11.7.3. Screws
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Spine Fixation Demand Share, 2019-2026
12. Asia Pacific Spine Fixation Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Spine Fixation Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Spine Fixation Market Size and Volume Forecast by Application
12.4.1. Treatment of Spinal Diseases
12.4.2. Control Spinal Deformity Development
12.4.3. Protection of Spinal Nerves
12.4.4. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Spine Fixation Market Size and Volume Forecast by Type
12.7.1. Rods
12.7.2. Plates
12.7.3. Screws
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Spine Fixation Demand Share, 2019-2026
13. Middle East & Africa Spine Fixation Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Spine Fixation Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Spine Fixation Market Size and Volume Forecast by Application
13.4.1. Treatment of Spinal Diseases
13.4.2. Control Spinal Deformity Development
13.4.3. Protection of Spinal Nerves
13.4.4. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Spine Fixation Market Size and Volume Forecast by Type
13.7.1. Rods
13.7.2. Plates
13.7.3. Screws
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Spine Fixation Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Spine Fixation Market: Market Share Analysis
14.2. Spine Fixation Distributors and Customers
14.3. Spine Fixation Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Medtronic
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Stryker
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Zimmer Biomet
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Globus Medical
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Nuvasive
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. K2M
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Orthofix International
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Alphatec Spine
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Integra LifeSciences
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Amedica
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Invibio
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. MicroPort
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Biocomposites
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. RTI Surgical
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. DePuy Synthes
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Aegis Spine
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Outhern Spine
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Nexxt Spine
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Paonan
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
