Global Spinal Implants Market 2014-2018

Devices that help in preserving and restoring the functions of the spine by managing the spinal disorders are known as spinal implants. The spinal disorders can be deformities, trauma, degenerative and even tumors. Some of the most common ones are scoliosis, disc herniation, spondylolisthesis and spinal stenosis. These are composed of materials such as titanium, stainless steel, titanium allow or even bio absorbable materials. The implants are designed and customized as per the requirement in patients of all age groups. As per the spinal implants market analysis the market is set to grow at a CAGR of 5.5% over the period of 2013-2018.

This report, Global Spinal Implants Market 2014-2018 covers the present scenario and the growth prospects of the Global Spinal Implants market for the period 2014-2018. In terms of product, the Global Spinal Implants market is segmented into two: spinal fusion implants and spinal non-fusion implants.

Market overview

One of the largest sectors of the orthopedics industry, it remains to be attractive and highly profitable market thereby making an intensely competitive one. This is clearly demonstrated from the number of devices that are being launched in the upcoming years. This demand of spinal implants has been driven by the increased awareness of treatment especially spinal fusion procedures. Furthermore, improved physician training and increased healthcare spending has also contributed towards the growth of the market especially when surgical intervention remains to be the preferred standard of intervention for all spine related diseases especially the degenerative ones. Lastly, the number of spinal fusions has also increased by the continued increase in demand for innovative pedicle screw fusion systems. All this increase in demand in the spinal implant market displays commercial potential. Other than market acceptance for the surgery, the fusion enables greater mobility allowing patients to retain their flexibility and movement, which gets affected due to vertebrae disease. Furthermore, increase in aging population will also drive the growth of the market. Despite all the potential, the market faces stiff competition from growing usage of bioabsorbable materials during the surgery.

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