"North America Spinal Implants Market" - Trends and Forecast to 2024

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North America Spinal Implants Market – Trends and Forecast to 2024

North America
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North America Spinal Implants Market
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  • No of Figures:
    30
  • No of Tables:
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  • Report Type:
    Upcoming

North America Spinal Implants Market, By Product Type (Fusion Implant Devices (Cervical Fusion (Anterior Cervical Fusion, Posterior Cervical Fusion), Thoraco-Lumbar Fusion (Anterior Thoraco-Lumbar Fusion, Posterior Thoraco-Lumbar Fusion, Interbody Thoraco-Lumbar Fusion)), Non-Fusion Implant Devices (Dynamic Stabilization Devices, Artificial Discs, Annulus Repair Devices, Nuclear Disc Prostheses), VCF Treatment Devices (Baloon Kyphoplasty Devices, Verteboplasty Devices)), By End-User (Hospitals, Spinal Surgery Centers, Orthopedic Clinics, Others), By Country (U.S., Canada, Mexico) – Trends and Forecast to 2022

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The North America spinal implants devices market is estimated at USD 4.7 billion in 2016 and is projected to reach USD 7.0 billion by 2024, at a CAGR of 5.1% during the forecast period from 2017 to 2024.

The North America spinal implants market is segmented based on product type, surgery type, procedure type, end-user and geography.

Spinal implants are segmented by product type, into spinal fusion, vertebral compression fracture treatment devices and spinal non-fusion, wherein spinal fusion, which fuses vertebrae together to treat back pain and is commonly done in the lumbar region of the lower back, is by far the most common spine procedure. In 2015, the spinal fusion segment dominates the market with a market share of 61.7%, followed by the non-fusion segment.

The spinal fusion segment is divided into cervical fusion and thoraco-lumbar fusion. In the spinal fusion segment, thoraco-lumbar fusion is expected to grow at a highest CAGR of 5.7% during the given forecast period of 2016 to 2022. The thoraco-lumbar fusion devices into product type anterior thoraco-lumbar fusion devices, posterior thoraco-lumbar fusion devices and interbody thoraco-lumbar fusion devices. The interbody thoraco-lumbar fusion devices sub-segment is further segmented based on approach into anterior lumbar interbody fusion devices, posterior lumbar interbody fusion devices, transforaminal lumbar interbody fusion devices and, axial lumbar interbody fusion devices also based on material into non-bone interbody fusion devices and bone interbody fusion devices. The cervical fusion devices segment is further categorized based on type into anterior cervical fusion and posterior cervical fusion. The anterior cervical fusion is segmented into 3 product types anterior cervical plates, anterior cervical screw systems and, cervical interbody fusion devices. The posterior cervical fusion devices include posterior cervical plates, posterior cervical rods and posterior cervical screws.

The spinal non-fusion devices market is segmented on the basis of product types into dynamic stabilization devices, artificial discs, annulus repair devices and nuclear disc prosthesis. Spinal non-fusion products, such as dynamic stabilization devices (or motion preservation devices) have become the treatment of choice (especially for young patients. The dynamic stabilization devices are sub-segmented into product types such as interspinous decompression spacers, pedicle screw systems and facet replacement implants. The artificial discs are of two types artificial cervical discs and artificial lumbar discs.

The vertebral compression fracture (VCF) treatment devices are further segmented into two product type balloon kyphoplasty devices and verteboplasty devices. VCF’s are generally treated with vertebral augmentation. Based on market forecasting, spine radiologists are expected to dominate the VCF procedure market, also primary care providers is expected to serve the majority of the patients with osteoporosis and tumors in vertebrae. The VCF procedures in U.S. is growing at 6.7% every year according to recent statistics from Center of Disease Control (CDC), and is expected to continue the same trend in the forecast period 2016 to 2024.

The North America spinal implants market is also segmented based on procedure type into open surgery and minimally invasive surgeries. On the basis procedure type the market is segmented into major procedures such as discectomy, laminectomy, foraminectomy, facetectomy, corpectomy among others.

Geographically, this market is segmented into countries U.S., Canada and Mexico. U.S. dominates the market with 89.7% market share. Mexico is expected to grow at a very high rate owing to large potential of medical tourism in orthopedic surgeries. Canadian market is expected to grow at a very controlled rate owing to large waiting time for these surgeries. Though Canadian government is providing healthcare reimbursement to patients opting surgeries in U.S. according to the surgery costs in Canada, any overhead costs patients need to bear from their own pocket.

The North America spinal implants market report contains an in-depth profiling of the key market players, along with the recent developments (New product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their positions in the market. Some of the major companies operating in the spinal implants market are Zimmer Inc., DepuySynthes Companies, Stryker, Benvenue Medical, CareFusion Corporation, Medtronic, Alphatec Spine, Inc., NuVasive Inc., Integra Lifesciences Holdings Corporation, Orthofix International N.V., Globus Medical Inc., LDR Holding Corporation, K2M Inc., and B. Braun Melsungen.

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