Asia Pacific spine surgery devices market worth USD 2.98 billion by 2022, growing at a CAGR of 7.3% between 2016 and 2022.
The report covers forecast and analysis for the spine surgery devices market on an Asia Pacific and country level. The study provides historic data of 2015 along with a forecast from 2016 to 2021 based on revenue (USD Billion). The study includes drivers and restraints for the spine surgery market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the spine surgery devices market on an Asia Pacific level.
This report offers comprehensive coverage on spine surgery devices market along with, market trends, drivers, and restraints of spine surgery devices market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the spine surgery devices market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, secondary and primary research team of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data exists in this report.
The study provides a decisive view on the spine surgery devices market by segmenting the market based on device type, technology type, and country. All these segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. The device type market covered under this study includes fusion devices, fracture repair, non-fusion devices and arthroplasty. The technology based market covered under this study includes fusion, non-fusion, vertebral compression fracture, spine biologics and spinal decompression. This report also includes the current and forecast demand for the region of China, Japan, India and Rest of Asia-Pacific.
key participants operating in the Asia Pacific spine surgery devices market include Alphatec Spine, Inc., Biomet, Inc., Depuy Synthes Companies, Globus Medical, Inc., Integra Lifesciences Holdings Corporation., Medtronic, Inc., Nuvasive Inc, Stryker Corporation, Zimmer Holding, Inc., and Amedica Corporation.
This report segments the spine surgery devices market as follows:
Spine Surgery Devices Market: Technology type Segment Analysis
Spine Surgery Devices Market: Device type Segment Analysis
Spine Surgery Devices Market: Country Segment Analysis
This report is based on in-depth qualitative and quantitative analyses of the global Spine Surgery Devices market. Zion Research has collected and analyzed key data belong to the global Spine Surgery Devices market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Spine Surgery Devices across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Spine Surgery Devices industry. Primary research makes up the major source of data collection and validation.
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
Participants who typically participate in such a process include, but are not limited to:
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary research sources that are typically referred to include, but are not limited to:
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Spine Surgery Devices market.
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
The spine is a made up of 26 discs known as the vertebrate. These vertebrate helps in protecting the spinal cord and allow us to stand and bend. Spine injuries are very serious because spinal cord contains the nerves that carry the message to body from brain and damage in spinal cord causes its function these may translate into the loss of muscle function and sensation. For the treatment of spinal surgery injuries number of technology are used like fusion non-fusion, vertebral compression fracture, spine biologics and spinal decompression. According to World Health Organization, every year 2.5 to 5.0 lakh people suffer from spine injuries and these injuries are mainly due to road traffic accidents and violence.
Increasing road accidents and violence are projected to boost the growth of spine surgery devices market. Rising prevalence of obesity is the main factor responsible for the growth of spine surgery devices market and this prevalence of obesity is increasing with changing lifestyle, lack of proper diet & exercise and increasing consumption of fast food. Increasing prevalence of spinal disorders is also growing the market of spine surgery device. However, lack of understanding of spine surgery reimbursement may hamper the growth of spine surgery devices market.
The spine surgery market has been classified on the basis of technology into fusion, non-fusion, vertebral compression fracture, spine biologics and spinal decompression. As a result of increasing prevalence of spinal injuries, fusion technology segment dominated the market for spine surgery in 2015 and this was most preferable technology by surgeons in the treatment of spinal injuries. With advancement in technologies, spine biologics is expected to open new opportunities in coming years. Nonetheless, new emerging technologies and increasing demand for medical tourism in emerging markets like India are expected to generate more opportunity in the forecast period.
The spine surgery market has been segmented on the basis of device type into fusion devices, fracture repair, non-fusion devices and arthroplasty. Among this fusion device was contributing maximum market share in 2015 followed by nonfusion devices.
The spine surgery market has been segmented on the basis of the country into China, Japan, India and Rest of Asia-Pacific. With increasing demand for spine surgery and expenditure on research and development China was leading the country in spine surgery market followed by Japan and in forecast period China and Japan are expected to open new opportunities.
Key participants operating in the Asia Pacific spine surgery devices market include Alphatec Spine, Inc., Biomet, Inc., Depuy Synthes Companies, Globus Medical, Inc., Integra Lifesciences Holdings Corporation., Medtronic, Inc., Nuvasive Inc, Stryker Corporation, Zimmer Holding, Inc., and Amedica Corporation.