Thoracolumbar Spine Devices Market Size – USD 11.52 billion in 2018, Growth - CAGR of 3.5%, Trends – Increase in geriatric population. Increasing occurrences of spine disorders is one of the significant factors influencing market growth.
Reports and Data has added a new market research report titled Global Thoracolumbar Spine Devices Market Forecast to 2028 to its ever-expanding database. The report spanning over 100 pages is a detailed overview of the market equipped with latest information about product types, application spectrum, revenue share, market growth, revenue growth, market share, market size, and top companies. Insightful data has been collected through extensive primary and secondary research and further validated by industry experts and professionals to offer key insights into statistical data of the market. The statistical data has been organized into tables, charts, diagrams, and other pictorial representations.
According to the World health Organization (WHO), each year, globally, around 250,000 and 500,000 individuals suffer a spinal cord injury. Preventable causes, including road traffic accidents, falls, or violence, are the major contributors to the spinal cord injury, and individual suffering from the condition are more likely to die prematurely as compared to healthy individuals, with low and middle-income economies having the worst survival rates.
Key participants include:
Medtronic, DePuy Synthes, Stryker, Zimmer Biomet, NuVasive Inc., Alphatec Spine Inc., Globus Medical, RTI Surgical Holdings Inc., Captiva Spine LLC, and Paragon Medical, among others.
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For the purpose of this report, Reports and Data have segmented the global Thoracolumbar Spine Devices market on the basis of device type, disease type, surgery type, end-users, and region:
Device Type Outlook (Revenue, USD Million; 2016-2027)
- Fusion Devices
- Non-Fusion Devices
- Spinal Electrical Simulation Devices
Disease Type Outlook (Revenue, USD Million; 2016-2027)
- Degenerative Disc Disease
- Traumas Fractures
- Complex Deformity
- Others
Surgery Type Outlook (Revenue, USD Million; 2016-2027)
- Open Surgery
- Minimally Invasive Surgery
End-Users Outlook (Revenue, USD Million; 2016-2027)
- Hospitals
- Clinics
- Ambulatory Surgical Centers
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Further key findings from the report suggest:
- By device type, fusion devices contribution to the largest market share in 2018. Spinal fusion procedure is usually done for the treatment of spinal disorders, such as degenerative, deformity, traumatic, and tumor, among others.
- By surgery type, open surgery dominated the market share in 2018 and is likely to grow at a rate of 2.2% in the forecast period. Open surgery gives the visual information essential to diagnose a condition accurately. Also, some kinds of surgeries need access to larger areas to insert materials like in the case of an aortic aneurysm repair when a stent cannot be placed.
- By end-users, hospitals held the largest market share in 2018 and is expected to grow at a rate of 3.2% in the forecast period. The factors including well-resourced operating diagnostic rooms, higher purchasing power, existence of highly skilled healthcare professionals, and improved health coverage for hospital-based healthcare services from several private and group insurance plans, among others, are responsible for the high market share of hospitals.
- The market in the Asia Pacific region is likely to grow at the fastest rate of 4.7% in the period 2019-2027, due to the improving healthcare infrastructure, rising investments in diagnostic imaging, and better reimbursement scenario.
Regional Outlook (Revenue, USD Billion; 2018 – 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East Africa
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