Spinal fusion is surgery to permanently join together two or more bones in the spine so there is no movement between them. For patients who require spinal fusion surgery to treat lumbar degenerative disc disease (DDD), spinal fusion device is a treatment option.
Spinal fusion contains transforaminal lumbar interbody fusion (TLIF), anterior lumbar interbody fusion (ALIF), posterior lumbar interbody fusion (PLIF), posterior lumbar fusion (PLF), extreme lateral interbody fusion (XLIF). The spinal fusion industry is relatively concentrated. The requirement of device precision and quality are high, and the device need accord with biomechanical characteristics of human body and have good biocompatibility with human tissue.
With the rapid development of industry, global demand for spinal fusion is increasing. In 2015, treatment of spinal diseases application accounts for 45.65% of global consumption, while control spinal deformity development and protection of spinal nerves take about 36.56% and 12.75%, respectively.
The global average price of spinal fusion is in the decreasing trend, from 1761 USD/Unit in 2011 to 1549 USD/Unit in 2016. With the situation of global economy, prices will be in decreasing trend in the following five years. In line with global trends, the China average price of Spinal Fusion decreased from 1698 USD/Unit in 2011 to 1484 USD/Unit in 2016.
The spinal fusion production in 2016 will reach about 2412.1 K Units from about 1633.1 K Units in 2011 with an average growth rate of 8.12%. USA is the biggest production base, which holds 57.14% production share in 2015.
USA and EU are the main consumption bases, and USA holds 43.24% consumption share and EU holds 25.59% consumption share in 2015. They occupy 68.82% of the global consumption in total.
According to this study, over the next five years the Spinal Fusion market will register a 4.8% CAGR in terms of revenue, the global market size will reach US$ 5260 million by 2024, from US$ 3970 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Spinal Fusion business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Spinal Fusion market by product type, application, key manufacturers and key regions and countries.
This study considers the Spinal Fusion value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Transforaminal Lumbar Interbody Fusion (TLIF)
Anterior Lumbar Interbody Fusion (ALIF)
Posterior Lumbar Interbody Fusion (PLIF)
Posterior Lumbar Fusion (PLF)
Extreme Lateral Interbody Fusion (XLIF)
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Treatment of Spinal Diseases
Control Spinal Deformity Development
Protection of Spinal Nerves
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Stryker Corporation
Medtronic
Zimmer Biomet
Depuy Synthes Companies
Globus Medical
B. Braun Aesculap
Nuvasive
K2M
MicroPort
Orthofix International N.V
Alphatec Spine
Integra LifeSciences
Invibio
Weigao Orthopaedic
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Spinal Fusion consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Spinal Fusion market by identifying its various subsegments.
Focuses on the key global Spinal Fusion manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Spinal Fusion with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Spinal Fusion submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Spinal Fusion . Industry analysis & Market Report on Spinal Fusion is a syndicated market report, published as Global Spinal Fusion Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Spinal Fusion market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.