Spinal implants can be referred to as orthopedic devices for treating the spinal deformities, strength, and stability. The overall spinal devices are further segmented into spinal and non-fusion devices. The spinal non-fusion devices are further segmented into artificial disc replacement, dynamic stabilization devices, annulus repair devices, nuclear disc prostheses, and others.
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Some of the major players of the market are:
Aesculap Implant Systems LLC, DePuy Synthes Companies, Medtronic PLC, Pioneer Surgical Technologies, Raymedica, Stryker Corporation, Zimmer Holdings Inc., amongst others.
The spinal non-fusion devices market is anticipated to exhibit a significant market growth during the forecast period, as a result of increasing incidences of spinal disorders, such as degenerative disc disease, among others. Degenerative disc disease begins with the changes in the intervertebral discs, but it also affects the other segments.
Around 40% of people aged 40 years are suffering from degenerative disc disease (DDD), and this prevalence is growing with the increase in age. Hence, due to the increase in the number of degenerative disc disease (DDD), non-spinal fusion surgeries are expected to increase, leading to the growth of the market during the forecast years. The other factors include the acceptance of minimally invasive surgeries, such as disc arthroscopy and advantages over spinal fusion surgeries.
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Key Market Trends
Dynamic Stabilization Devices Segment Captured the Largest Share in the Market
Dynamic stabilization devices segment captured the largest market share in the spinal non-fusion devices market. These devices consist of pedicle screw-based systems, interspinous process spacers, and facet replacement products. The dominance of the segment can be attributed to the use of rigid spinal implants for fusion technologies. In addition, the rising burden of spinal degenerative disorders plays a significant role in the segment growth.
Moreover, the technological advancements leading to change in the therapeutic procedures, such as biochemical improvements and adoption of bioflex systems are expected to propel the segment growth. Disc nucleus replacement products are expected to exhibit the fastest growth rate over the forecast period owing to benefits, such as reduced treatment time and complete restoration from the disorders.
North America Dominated the Spinal Non-fusion Devices Market
North America holds the largest share of the market owing to the significant growth factors, including increased incidences of degenerative disc diseases, the rising prevalence of geriatric population, rising government initiatives, and increased government product regulations with companies and hospitals. Europe also holds the second largest market because regulations governing medical device sales are growing more stringent. Asia-Pacific, on the other hand, is expected to exhibit the fastest growth rate over the forecast period.
Table of Contents:
2 Spinal Non-fusion Devices Market Research Methodology
3 Executive Summary
4 Spinal Non-fusion Devices Market Dynamics
5 Spinal Non-fusion Devices Market Segmentation
6 Competitive Landscape
7 Spinal Non-fusion Devices Market Opportunities And Future Trends
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Spinal Non-fusion Devices Market research includes:
Location analysis report
Target market analysis
Domestic and international market competitions
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